8 Best Homeowners Insurance Companies in Nebraska of 2022
All homeowners should purchase homeowners insurance. How else can you get complete protection for both the structure of your home and the contents within?
Homeowners insurance can protect you from a financial crisis if your home is damaged or destroyed by a fire, for example.
And in Nebraska, homeowners insurance is a necessity.
Given the threat of severe storms, heavy winds, hurricanes, flooding, and hail, Nebraska homeowners will want a solid homeowners insurance policy with enough additional coverages to ensure their homes are well protected.
Particularly in Nebraska, buying a policy can be high due to the state’s vulnerability to such natural disasters.
But if you didn’t have homeowners insurance and your roof was damaged by a hail storm, you’d be paying out of pocket to fix it.
Most homeowners can’t afford to pay for such an unexpected cost.
And most focus on affordability. While that may be a priority, what you should consider foremost is whether an insurer has the right coverage options that meet your needs. Only after that should you consider costs.
But many insurers cover Nebraska, and it may be hard to choose the best.
So, we’ve put together a list of the best homeowners insurance companies ranked by category to make it easier and to give you an idea of what’s out there.
Best Homeowners Insurance companies in Nebraska
- Allstate: Best for the Lowest Rates
- Liberty Mutual: Best Homeowners Insurance with the Most Discounts
- State Farm: Best Homeowners Insurance for Unique Coverages
- Amica: Best Homeowners Insurance for Flood Insurance
- Travelers: Best Homeowners Insurance for Protecting Valuables
- Farmers: Best Homeowners Insurance for Earthquake Coverage
- GEICO: Best Homeowners Insurance for Fast Quote and Claims Processing
- Progressive: Best Homeowners Insurance for Single Deductible
Allstate: Best for the Lowest Rates
Allstate is highly rated due to its favorable customer service and many additional coverages to make your policy more comprehensive.
Of all the homeowners insurance companies that made our list, Allstate
stood out for being known to offer some of the lowest rates.
The average cost of Allstate home insurance is $130 per month or $1,560 per year.
Allstate blows the competition away. The insurer is cheaper than State Farm, Amica Mutual, and Farmers, all of which are also generally known to offer some of the lowest rates in the industry.
Read a full Allstate homeowners insurance review.
Allstate Homeowners Insurance Discounts
- Multi-Policy. Save up to 25% by bundling home and auto.
- Payment Discount. Save up to 5% by signing up for automatic premium payments.
- Security Devices. Security features and protective devices like surveillance cameras.
- New Customer. New customers save up to 10% annually by switching from another insurer.
- New Home. Purchase a new home or recently constructed home.
Allstate Homeowners Insurance Pros & Cons
- Generally affordable compared to similar insurers of the same size.
- Local agents available.
- Optional digital identity tracking tool.
- Offers coverage in every U.S. state, plus Washington D.C.
- Lots of discounts available.
- Many ways to customize coverage.
- No replacement cost coverage in standard policy.
- More than the expected number of complaints to state regulators.
- Loss of use coverage capped at a set percentage of the dwelling coverage.
|J.D. Power (out of 1,000)||815|
|A.M. Best - Financial Strength Rating||A+|
|NAIC Complaint Index||2.05|
Liberty Mutual: Best Homeowners Insurance with the Most Discounts
Besides Nationwide, Liberty Mutual homeowners insurance offers the most discounts than any other insurer in the U.S.
Taken together, you may just get a rate that is lower than comparable insurance companies.
Read a full Liberty Mutual home insurance review.
Liberty Mutual Homeowners Insurance Discounts
- Early shopper: Buy your policy before your existing policy expires.
- Insured-to-value discount.
- Insure your home for 100% of its replacement cost.
- Get paperwork electronically.
- Enroll in automatic payments.
- A newly purchased home or recently built home gets you a discount.
- New homeowners get a discount on their premiums.
- Get a new roof.
- Being claims-free.
Liberty Mutual Homeowners Insurance Pros & Cons
- Excellent customer service via phone, website, text, and social media.
- Offers more discounts than any other insurer in the states.
- Inflation coverage available to increase your policy limit as the value of your home increases.
- Mobile app is convenient for claims filing, support, and other services.
- Flood insurance is available as an add-on.
- Some discounts not available for older homes.
- Not many add-ons or coverage options.
- Some dog breeds are excluded from coverage.
|J.D. Power (out of 1,000)||805|
|A.M. Best - Financial Strength Rating||A|
|NAIC Complaint Index||2.37|
State Farm: Best Homeowners Insurance for Unique Coverages
With State Farm, one of the largest insurance companies in the nation, you can customize your standard homeowners insurance policy by purchasing additional coverage.
Many insurers offer additional coverages, but with State Farm, you get the most unique ones that other insurers don’t have.
Read a full State Farm homeowners insurance review.
State Farm Homeowners Insurance Coverage
- Cyber Event, Identity Restoration, and Fraud Loss Coverage. For example, this pays for data recovery and system restoration costs directly from a cyber attack involving a computing device.
- Liability Coverage. For those providing in-home child or adult care and for those working as nurses.
- Earthquake Coverage. Many insurers do not offer earthquake insurance; State Farm does.
- Renters Coverage. Coverage of home if it’s rented out for more than 30 nights.
- Vacancy Coverage. Coverage for theft or vandalism if a home is left vacant for more than 30 days.
- Energy Efficiency. Replacing a damaged water heater, air conditioner, or heating unit with a more energy-efficient model.
- Theft During Rebuild. Covers theft of building materials while a home is being rebuilt due to covered peril.
State Farm Homeowners Insurance Discounts
- Multi-Policy. Bundle home with auto.
- Home Security. Installing protective and security devices.
- Higher Deductible. Choosing a higher deductible means you can lower your monthly premium.
State Farm Homeowners Insurance Pros & Cons
- “Increased dwelling limit” automatically extends replacement coverage up to 20% if you’ve insured your home at least up to its estimated replacement cost.
- Online quoting system has tool for quoting scheduled property.
- Coverage for dogs based on individual bite history rather than on breed of dog.
- Assigns local agent but not necessarily the one closest to your ZIP code.
- Options for home policy deductibles may be limited.
- Limited discounts.
|J.D. Power (out of 1,000)||829|
|A.M. Best - Financial Strength Rating||A++|
|NAIC Complaint Index||1.77|
Amica: Best Homeowners Insurance for Flood Insurance
No matter what state you are in, homeowners insurance never covers flooding due to a hurricane or severe storms.
The only time your insurer will pay for water damage that destroys your personal property is if water backs up through your drain or sewer, or if there is an overflow from a sump pump.
A flood insurance policy is the only way to get covered for flood damage to your home.
You can get basic flood insurance through the NFIP.
However, Amica Mutual offers flood insurance for greater protection and extensive coverage than what’s offered by the NFIP.
For example, the flood policy covers the full value of your home and belongings and covers items stored in your home’s basement.
Homeowners must have a flood policy if they live in high-risk areas.
Amica Homeowners Insurance Discounts
- Multi-Policy. Bundle home with auto.
- Loyalty. If you stay with Amica for at least two years.
- Extra Savings. Save if you renew your policy twice.
- Alarm System. Safety features and home security systems.
- Automatic Detection Devices. Discount for water and gas leak sensors.
- New and Remodeled Homes. Discount for new or recently constructed homes.
Amica Homeowners Insurance Pros & Cons
- Great customer service.
- Approved contractor program to help with claims.
- High level of customer satisfaction.
- Large number of add-on coverage options.
- Easy to use and simple online claims filing and tracking.
- Dividend program returns your money at end of each year.
- Average set of discounts.
- Doesn’t cover all states.
- Dividend program only available in certain states.
|J.D. Power (out of 1,000)||849|
|A.M. Best - Financial Strength Rating||A+|
|NAIC Complaint Index||0.32|
Travelers Insurance: Best Homeowners Insurance for Protecting Valuables
- Multi-Policy Discount.
- Loss-Free Discount.
- Protective Device Discount.
Your standard or basic homeowners insurance policy will cover your personal belongings if they are stolen or destroyed in a covered peril.
But home insurance pays only up to the policy’s limit, which means some of your most expensive items that exceed that cap will not be covered at all or in full.
Travelers has the best coverage for your valuables. For an additional cost, the insurer can provide higher limits and expanded protection for expensive property such as jewelry and artwork.
And if you need even more coverage or higher amounts of coverage for specific valuable items, the insurer offers a separate policy called personal articles floater.
In addition, the insurer can schedule a valuable item by putting it on a separate policy and scheduling it for its full value.
Travelers Homeowners Insurance Discounts
- Being Claims-Free
- Discount if You Buy New Home
- Protective Devices and Home Security
Travelers Homeowners Insurance Pros & Cons
- Travelers puts greater emphasis on valuable items.
- Perfect for those who need wide range of extra coverage options.
- Has high financial strength.
- User-friendly features on website and app.
- Discounts for eco-friendly homeowners.
- Coverage available in only 45 states and Washington, DC.
- High rates compared to other major insurers.
- Filing a claim means long turnaround times and inferior customer service.
|J.D. Power (out of 1,000)||794|
|A.M. Best - Financial Strength Rating||A++|
|NAIC Complaint Index||3.88|
Farmers: Best Homeowners Insurance for Earthquake Coverage
Like natural flooding, a standard homeowners insurance policy never covers earthquakes.
If you live on a fault-line, or if your area is susceptible to earthquakes, it falls on you to purchase earthquake insurance at an additional cost.
Farmers offers one of the best earthquake insurances around. There are plenty of features that come with the policy.
It can cover structural repairs or the rebuilding of your home. It pays for temporary housing and is designed to replace personal property that is damaged or destroyed by an earthquake.
The insurer’s agent will start by reviewing your current coverage to help you determine whether your home is protected the way you want and tell you how much it would cost to add earthquake coverage to your policy.
The cost of earthquake insurance coverage depends on your area’s level of risk but in general, it is very expensive.
Farmers Homeowners Insurance Discounts
- Affinity Discount. Rewards members of some professions, associations, and businesses.
- Preferred Payment. If you make your payments in full, or twice a month, or with automated payments.
- Good Payer. Making one year of consistent on-time payments.
- UL-Approved Roofing Materials. If you have UL-certified fiberglass or asphalt shingles.
- Nonsmokers. If you don’t smoke for a certain period because nonsmoking poses less risk of fire damage.
- Green Certification. If your home has ENERGY STAR, LEED or EPA certification for its environmentally conscious construction.
Farmers Homeowners Insurance Pros & Cons
- Unique discounts.
- Deductible will be reduced by $50 every year if you remain with insurer.
- Offers highly customizable dwelling.
- Available nationwide.
- Less common coverage options are available.
- Can be more expensive than other insurers of the same size.
- Website should be more informative and detailed.
- Customer satisfaction is low.
|J.D. Power (out of 1,000)||792|
|A.M. Best - Financial Strength Rating||A|
|NAIC Complaint Index||0.56|
GEICO: Best Homeowners Insurance for Fast Quote and Claims Processing
Getting a homeowners insurance quote with GEICO is very easy. You go online and enter your personal info and home address, and GEICO will autofill details about your home. There are some questions GEICO will ask you, but GEICO can generate a quote for you within a matter of minutes.
Not that many insurers can be that fast.
And processing a claim is also speedy.
No matter what insurance company you choose, the size and nature of your claim can dictate your claims processing time. But in general, for claims that are not seismic in nature, GEICO states that it can process claims in as little as 48 hours.
GEICO Homeowners Insurance Discounts
- Multi-Policy. Bundle GEICO car and GEICO homeowners insurance.
- Home Security Systems. Safety features like alarm systems, security cameras, and home security systems.
- Fire Safety Features. Smoke detectors and fire extinguishers. Bonus if you live near a fire hydrant or fire department.
GEICO Homeowners Insurance Pros & Cons
- Impressive array of endorsements for added coverage beyond standard policy.
- Interactive features on the website’s contact page help customers find the most efficient way to reach out to the company.
- Most active and retired military members and federal employees can save money through GEICO’s discounts for these groups.
- Discounts are relatively limited compared to competitor offerings
- Matches customers to other underwriters rather than insuring them directly, which can result in a wide range of policy prices.
|J.D. Power (out of 1,000)||869|
|A.M. Best - Financial Strength Rating||A++|
Progressive: Best Homeowners Insurance for Single Deductible
Progressive homeowners insurance is known for its long list of discounts that can lower your premium in a major way.
The company also offers flexibility when you bundle. In most home policies, you are given one option: bundle home with auto to get a discount. But with Progressive, you can bundle home with a motorcycle or a home with RV, and you’ll still save.
But what stands out is the company’s unique single deductible,
which is not offered by many insurers.
Here’s how the single deductible works. Say you have auto insurance from Progressive and decide to purchase its homeowners insurance. If both your car and home are damaged in the same incident, one deductible payment covers both claims.
That offers savings for you on top of the savings you can get from the insurer’s discounts.
Progressive Homeowners Insurance Discounts
- Multi-Policy Discount. 5% discount when you bundle home and auto.
- Safety Devices. Install burglar and fire, and smoke alarms.
- Quote in Advance. Get a quote at least ten days before your policy begins.
- New Purchase. Purchase a new home or a recently constructed home.
Progressive Homeowners Insurance Pros & Cons
- Discounted price on covered repairs when hiring a contractor from Progressive’s contractor network after a claim.
- Online quote tool calculates an accurate replacement cost for home.
- Online tool to compare quotes from multiple insurance providers.
- Online chat to answer questions.
- Doesn't underwrite its own policies.
- Homeowners insurance offered by third-party companies.
- Filing claim may mean you have to go through third-party underwriter rather than Progressive.
- Discount for bundling home and auto is less than what competitors offer.
|A.M. Best - Financial Strength Rating||A+|
|NAIC Complaint Index||1.66|
|Company||PropertyNest Rating||J.D. Power (out of 1,000)||A.M Best Rating||BBB Rating|
Our Methodology on How We Picked the Best Home Insurance in Nebraska
We looked at several factors to determine the best companies that provided homeowners insurance. These are:
We narrowed down our focus to those companies that had the most discounts. Discounts can lower your premium and allow customers to get the lowest possible rate.
We looked at homeowners insurance policies based on how much coverage they offered.
A range of coverages is important for a company to have because it can customize a policy or tailor it to a customer’s need. Certain types of coverage can also offset policy limits so that you will be reimbursed in full when you make a claim.
If a company’s website and mobile app allow you to manage most of your insurance needs electronically or if both are easy to use and intuitive so anyone can use them, then that’s a company we considered.
We looked at many insurance review sites that offered vetted customer reviews to narrow our options. The ones with the most positive reviews were more favorable to us.
Homeowners insurance shouldn’t break the bank. Pricing needs to be fair and competitive, and a company should also have enough discounts to make a policy affordable to most people.
If the insurance company had a rate below the national average or below the state average, we put that company on our list.
What is Homeowners Insurance?
Homeowners insurance protects your home—and the contents within—from the financial impact of unforeseen or unexpected disasters.
The insurance will pay to have your home repaired or rebuilt after damage from theft, vandalism, or fire. It will also cover you from natural disasters such as heavy winds and hurricanes.
And if your belongings are stolen or destroyed, homeowners insurance will replace them.
Is It Mandatory to Buy Homeowners Insurance in Nebraska?
You aren’t required to buy homeowners insurance, and it’s not mandatory by law in Nebraska.
But most homeowners have a home mortgage; in that case, your lender will likely require a policy to protect its investment.
The lender will want coverage equal to at least the value of your loan.
What Does a Basic Homeowners Insurance Cover in Nebraska?
This covers damage to your house. So, if your home is destroyed due to a fire or other covered event or peril, your insurer will cover the cost to rebuild your home.
Pays if someone is injured on your property and needs medical treatment, regardless of who’s at fault. Also pays if you, a family member, or a pet like a dog injures someone elsewhere.
This pays for medical bills, repair, or replacement costs if you are held responsible for physically hurting someone or damaging his or her personal belongings. Personal liability also handles legal fees if that person sues you.
It Covers outdoor stand-alone structures like fences, sheds, and detached garages on your property.
Covers the cash value to replace your personal belongings if your house was robbed or burned down. Covered personal property often includes furniture, clothing, electronics, everyday items like kitchenware, and high-cost valuables like jewelry.
Loss of Use
If a covered event destroys your property to the point that it is unhabitable, loss of use will pay for your temporary living expenses, including hotel stays, meals at restaurants, groceries, toiletries, and more.
Examples Based on Standard Coverage
Now let’s see these standard coverages in action:
- If a windstorm damages your roof, your dwelling coverage will pay to repair it.
- If your home is burglarized, your personal property coverage will pay to replace stolen or damaged items.
- If a fire burns down your detached garage, your other structures coverage will pay to rebuild it.
- If a guest slips on your kitchen floor and breaks her hip, medical payments coverage will provide some coverage for her medical bills.
If you don’t have homeowners insurance, all these coverages will have to be paid out-of-pocket.
Many homeowners don’t have that kind of money to replace their belongings or rebuild their houses.
That’s why, for homeowners in Nebraska, home insurance is a must.
Adding on a home policy can be expensive in Nebraska, but if you consider everything your standard policy covers, you’ll see that the price is negligent.
What is a Covered Peril?
A covered peril is an event your insurer agrees to reimburse you after you file a claim.
Covered perils include:
- Fire, wildfire, and smoke damage.
- Weather conditions like lightning, hurricanes, windstorms, hail, and the weight of ice, snow, or sleet.
- Theft, vandalism, and malicious mischief.
- Damage from an aircraft or a car, or another type of vehicle.
- Water damage unrelated to natural floods.
What Isn’t Covered in a Basic Homeowners Insurance Policy?
What Natural Disasters Occur Frequently in the Cornhusker State?
Nebraska suffers from tornadoes, severe storms, and floods.
Nebraska is located in Tornado Alley and experiences an average of 45 twisters yearly.
Luckily, homeowners don’t need extra coverage for tornadoes. That’s because insurers classify tornadoes as windstorms, and windstorms are covered by most homeowners insurance policies.
This is Nebraska’s main natural disaster. Severe storms include thunderstorms, dust storms, heavy rain, hail, and high winds. Nebraska homeowners are also covered for severe storms.
Floods are a common disaster in Nebraska.
Floods occur in Nebraska due to the many types of storms that hit the state.
Floods are also a risk because Nebraska contains roughly 79,056 miles of rivers.
But floods aren’t covered by a homeowners policy.
The only time an insurer will pay for property damage due to flooding is if water backs up through drains or sewers or if there is an overflow from a sump pump.
But your insurer won't cover flood damage if water comes into your home due to natural flooding from a hurricane or storm.
Since Nebraska is susceptible to flooding, it’s a good idea to purchase a separate flood insurance plan on top of your basic or standard homeowners insurance policy.
What Factors Determine Your Homeowners Insurance Rate?
Homeowners insurance rates can vary based on several factors.
Crime rates, local building costs, and natural disasters that occur in your zip code can all influence your premium. But if you live near a fire department, a police station, or a fire hydrant, your rate will drop.
Replacement cost is the dollar amount needed to rebuild your home with similar building materials and features in the event of a covered loss. Insurance underwriters look at your home’s square footage, layout, and style to set your premium.
The Age of Your Home
Older homes are costlier and more difficult to replace as they often feature different building materials and have dated electrical wiring and plumbing, and appliances that have mechanical breakdowns.
Roof damage can be costly to repair and often leads to interior home damage. When you get a quote from an insurer, the company will typically ask about your roof’s age and building materials.
If you’ve filed a recent claim with your insurer, your rate will go up. And you can’t hide. An insurer will know of your past claims with a different insurer and use that information to increase your premium. However, homeowners with a claims-free record over the last several years will usually get lower rates as they are considered in the eyes of the insurer to be less likely to file a claim in the future.
Having a poor credit score will raise your rates. It indicates to an insurer that you are more likely to file a home insurance claim.
Meanwhile, those with good to great credit scores often pay less.
Your deductible, coverage limits, and endorsements will all factor into the cost of your home insurance coverage.
Home renovations like kitchens and baths that change the value of your home or increase your dwelling coverage needs can alter your costs.
If your home is secure and safe after installing smoke and burglar alarms, interior sprinklers, and home monitoring systems like surveillance cameras, to name a few, all these can lower your rate.
How Much Coverage Should You Buy?
The best way to determine how much coverage you need is to do a home inventory.
Taking a home inventory of your possessions and their value can help you not only to choose the coverage you want, but it can also help you to speed up the claims process and verify losses if needed for tax purposes.
Make the List
You should walk around your home, going room to room and making a list of everything you own. This will include furniture, electronics, appliances, and other items.
Many homeowners forget to record everyday items, but these are also worth coverage. Things like clothing, bed sheets, linens, towels, dishware, athletic equipment, and even things in your garage like your lawn mower or leaf blower should be included in your recording.
Assess the Value of Your Belongings
After you tally up your items, you should then estimate the value of each by using receipts or finding similar or identical items online.
Do the Documentation
For your items, take pictures or videos of every item you’ve listed or keep documentation or record of your belongings by using some sort of spreadsheet.
While your insurer won’t need the inventory or the photographs when you take out the policy, your documentation will be indispensable if you ever need to file a claim because you will be better able to prove the value of your possessions.
By doing a home inventory, many will be surprised by how quickly things can add up.
That’s why a home inventory is so important.
You arrive at the sum of how much insurance you would require if you had to replace everything after a fire or flood.
So, if you need to buy extra coverage, you’ll only pay for what you need.
You should never underestimate the importance of a home inventory.
When you shop for homeowners insurance, the quotes you get are based in part on the amount of personal property you have.
Will My Homeowners Insurance Pay for My Diamond Ring?
A basic homeowners policy might cover items like jewelry and fine art but only up to a fixed amount.
But if you file a claim, it isn’t likely to cover the full value of a $10,000 diamond ring or a $7,000 painting.
You need to increase coverage limits to get your diamond ring's full value if it’s stolen or destroyed.
To make sure your diamond ring or expensive painting is insured to its full value, you should schedule it.
Scheduling is designed for valuable items. Scheduled personal property means you’ll list the item for its full value. So, if you schedule your diamond ring, it will be removed from your personal property limits and it will be insured separately.
How Can I Lower My Homeowners Insurance Premium?
The three most popular ways to lower your premium include:
Get quotes from multiple insurers using a company’s website.
Make sure you compare quotes from different insurers for the same coverage, such as the cost of all your personal possessions derived from a home inventory. Eventually, you’ll hit the jackpot and find an insurer that meets your budget.
Keep in mind that different insurance companies apply varying factors to come up with your premium. This can result in you getting very different rates for the same coverage from multiple companies.
If you are looking to reduce the cost of a policy, you should ask your insurer for any discounts that may apply to you. Discounts are things offered by an insurance company that will lower your premium.
Making Your Home Safe
If you install security features in your home, such as home security systems, surveillance cameras, fire, smoke, and burglar alarms, as well as deadbolts, you’ll get a lower rate because then your home will be less susceptible to a break-in or a fire.
How Much is Homeowners Insurance in Nebraska?
The national average annual premium for homeowners insurance is $106 per month or $1,272 per year, according to the Insurance Information Institute.
Meanwhile, the average cost of homeowners insurance in Nebraska is $235 per month or $2,820 per year.
This is more than double the national average premium.
Home insurance in Nebraska is high because of the state’s numerous severe weather risks, such as hurricanes and heavy storms, tornadoes, and flooding.