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Laura Berry

Former Insurance Agent

Former Insurance Agent

Joshua Adamson

Joshua is a copywriter at Obrella who for more than 10 years has been creating content about insurance, health care, and more. He helps companies explain complex insurance subjects in simple ways so that customers can make smart buying decisions. He spends way too much time binge-watching Netflix, loves the outdoors and has a cat who tolerates him.

UPDATED: Mar 7, 2024

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There are few things more important to you and your family than your home, so protecting it with a comprehensive insurance policy should be your number one priority. Fortunately, you now have access to dozens of great home insurance resources and agents. In one easy phone call, licensed professionals can help you find a policy perfect for your needs, answering any of your questions along the way. With their grasp of Nebraska home insurance options, our experts can help you find the perfect policy. They can even bind your policy over the phone!

Nebraska Home Insurance Costs

Home insurance premiums in Nebraska average $1,040 annually. The national average is $1,034 per year. Nebraska is ranked as having the 17th highest average insurance premiums in the country.

  • Median Home Value: 137,400
  • Household Income: 56,870
  • Percent of Income on Home Ownership: 23.20%

Homeowners in Nebraska understand the value of home insurance. The average household size in Nebraska is 2.47 people, with a median home value of $128,000. Nebraska’s median household income is$51,440, which means residents of Nebraska spend around 23% of their income on home ownership costs. Lower median home values and higher median household income make Nebraska number 47 in the country in regard to who spends the most on home ownership.

If you are a new home buyer, let one of our insurance experts help you find the right homeowners insurance policy today. Call [mapi-phone-link /] to get homeowners insurance quotes in Nebraska today.

What Goes into The Average Cost of Home Insurance Premiums in Nebraska?

Homeowners insurance companies look at a range of factors when determining the cost of your home insurance policy. The process starts with an evaluation of your home and region, including local building costs, crime rates, the size of your home, and the year it was built.

If you live in an area that experiences a higher-than-average number of natural disasters like earthquakes, floods, or tornadoes, this will impact your rates as well. Even things like your credit score and whether or not you have a swimming pool or a guest house on your property may affect the cost of your insurance premiums. If you rent out your home or otherwise use it for business purposes, you may need to get dwelling coverage. This comes with different coverages and limitations.

Why do these aspects matter? They all relate to risk. If your insurance provider determines that these factors make your home riskier to insure, you’ll probably end up spending more for your homeowners insurance policy.

Thankfully, you can take action to lower these risks. Making your home more secure is a good start. Installing a complete home security system, for example, can lower the likelihood that your insurance company will need to pay up in the event of a burglary. Even installing motion-sensitive lights and surveillance cameras can lower your risk and therefore your premium. Things like raising your deductible and bundling your homeowners policy with your auto insurance reduces the cost of homeowners insurance without reducing your coverage.

What Are The Homeowners Insurance Options in Nebraska?

The majority of Nebraska home insurance companies have multiple coverage options to pick between; here are a couple of those options:

  • HO-1: Limited Coverage
    • No longer available in most states, this basic policy offers coverage against the first 10 classified disasters. These include fire or lighting, windstorms or hail, explosions, riots, damage caused by aircraft, damage caused by vehicles, smoke, vandalism, theft, and volcanic eruption.
  • HO-2: Basic Policy
    • HO-2 policies are designed to provide coverage in the event that your home is affected by any of the 16 classified disasters. This type of policy only covers named risks.
  • HO-3: Standard, most popular
    • HO-3 policies are open peril. They cover anything and everything unless those perils are excluded. Of course, this means an HO-3 policy will cover risks you can’t even imagine now, but homeowners insurance companies often charge more.
  • HO-8: Older Home
    • As homes age, the cost of repairs to the house may exceed the actual market value of the house. With an HO-8 policy, you’ll receive reimbursements for damage on an actual cash value basis, rather than the full cost of the repairs. Older homes may not qualify for policies that cover the full replacement cost of the home in the event of a total loss.

Read more: Choosing The Right Homeowners Insurance In Nebraska

What is Covered By Standard Nebraska Homeowners Insurance?

Simply stated, you are only covered if the damage to your home is caused by a specific situation outlined in your policy. If your home is damaged by a flood, for instance, but your policy does not cover flooding, your insurance company will not pay for any damages to your home. Check out the following list of common home insurance coverage terms for more insight on your policy options:

  • Coverage A – Dwelling
    • Coverage A deals with damage to the home itself, any structures attached to the home, and any of the home’s plumbing, heating, wiring, or permanent air conditioning systems.
  • Coverage B – Other Structures
    • Other Structures coverage protects any structures that are not connected to the home. This includes free-standing sheds, fences, guest homes, and detached garages.
  • Coverage C – Personal Property
    • Personal Property coverage reimburses homeowners for the value of possessions, like electronics, furniture, and clothing items that are lost or damaged, even if the damage did not occur on the homeowner’s property such as items in a storage unit.
  • Coverage D – Loss of Use
    • While a home is being repaired, Loss of Use coverage will pay for living expenses.
  • Coverage E – Personal Liability
    • In the event of a lawsuit in which the homeowner is deemed accountable for another person’s injuries or sustained damages, Personal Liability will cover the homeowner’s monetary losses.
  • Coverage F – Medical Payments to Others
    • In the event that someone is hurt on your property or by your pet, this coverage will take care of any resulting medical bills.

Nebraska Insurance Resources

Nebraska Department of Insurance :part of the U.S. insurance regulatory framework and works to protect Nebraska policyholders and ensure a viable insurance marketplace. You can contact the Property and Casualty Division for questions about policies, claims, and filings. The Division also reviews all policies, certificates, and forms for clarity of language, compliance with Nebraska statutes, and to validate that coverage is commensurate with the rates being charged. You can contact the Division at:

941 O Street, Suite 400
Lincoln, NE 68501
(402) 471-4657

Shopping for home insurance can be intimidating. With all the different options to sort through, it can be difficult to decide on the best policy to keep your home protected. Fortunately, you have Obrella. You can connect with experienced insurance agents who can answer all of your coverage questions in a single phone call. They’ll determine your coverage needs, help you review different policies, and discuss your options with you. They can even bind your policy over the phone! So don’t let shopping for home insurance be more difficult than it needs to be use Obrella to find what you need quickly and easily.

Give an agent a call at [mapi-phone-link /] today. Insurance professionals are standing by to put their Nebraska home insurance policy expertise to work for you.

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