Nebraska Homeowners Insurance Guide
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Nebraska Homeowners Insurance
Explore Nebraska Homeowners Insurance State Guides, Laws and Regulations before You Buy Insurance
The Cornhusker State is nestled in the Midwest of the U.S., with miles upon miles of remarkable prairie land. Close to 90% of Nebraska’s land is utilized for farming or ranching, making agriculture a staple industry for the state. Needless to say, it exemplifies the definition of Great Plains. The Cornhusker State doesn’t simply carry historical significance as a major stop during the Great Western Migration, but it also encompasses the best of the Midwest. Which is exemplified by its rolling plains and landscape, as well as destinations such as the Sandhills Region and Chimney Rock.
Given Nebraska’s landlocked nature, it is susceptible to a range of different weather conditions. Nebraskan property owners must protect against snow and ice in the winter, tornadoes in the spring, fires in the fall, and random floods at any time.
What Does Homeowners and Renters Insurance Cover, and How Much Does it Cost?
Unfortunately, due to Nebraska’s penchant for experiencing natural disasters, property owners in the state pay the tenth most for homeowners insurance in the country. Conversely, renters in the Cornhusker State pay the fifth lowest in renters insurance in the country. Essentially showing that carriers view physical property such as buildings, located in Nebraska as being more at risk than personal property such as jewelry.
Average Homeowners and Renters Insurance Premium
| State | Homeowners | Renters |
| Nebraska | $1,481 | $143 |
| USA | $1,211 | $180 |
Source: Insurance Information Institute (2017)
Many of the natural disasters that impact Nebraskans like damage from wind or snow are covered under the standard homeowners policy. They also provide coverage for normal perils such as fire, theft, vandalism, and a host of others. Unfortunately, damage from earthquakes or floods is explicitly excluded in typical homeowners policies.
Which Property Insurance Carrier Should I Choose?
The homeowners insurance market in Nebraska is fairly competitive. Both national and regional carriers are represented in the top five insurance companies in the region, as measured by market share. When searching for the perfect property insurance partner, make sure to include all types of carriers. Often times, regional carriers are able to customize coverage and service to a customer’s specific risks. National carriers, although typically financially sound, often times don’t have the flexibility to tailor their packages to fit specific risks.
Top 5 Home Insurance Carriers in Nebraska
| Company | Market Share |
| State Farm | 23.4% |
| Farmers Mutual Insurance Co. of Nebraska | 11.1% |
| American Family Insurance Group | 9.6% |
| Farm Bureau Financial Services | 8.5% |
| Nationwide Mutual Group | 6.0% |
Source: Insurance Information Institute (2019)
The Cornhusker state is certainly embedded in agriculture and American history. Its monuments, national parks, and acres of farmland are testaments to this. Nebraska’s climate and terrain make it susceptible to several natural disasters throughout the year. Unfortunately, this inherent risk bares out in the homeowners insurance rates Nebraskans pay. That said, renters enjoy some of the best rates in the country.
