Average homeowners insurance cost in Grand Island, Nebraska

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In Grand Island, homeowners pay an average annual rate of $5,064 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $2,482 more than the national average of $2,582 .

Homeowners insurance premiums can vary significantly from one property to another. In Grand Island, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Grand Island, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Grand Island.

Key Takeaways

The average cost of homeowners insurance in Grand Island is $5,064 per year.
Farmers Mutual Ins Co of NE is the cheapest homeowners insurance company in Grand Island with an average annual premium of $4,242 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $1,216 more a year for home insurance.

Average homeowners insurance cost per month

Residents of Grand Island pay an average of $422 per month for homeowners insurance. This is $23 more than the state average of $399 and $207 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Grand Island can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $3,848 per year in Grand Island. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Grand Island

According to a rate analysis by Insure.com, homeowners in Grand Island pay an average of $5,064 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $1,216 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Grand Island by company

After comparing several homeowners insurance companies, Farmers Mutual Ins Co of NE offers the lowest rates in Grand Island. Its average annual rate for homeowners in Grand Island is $4,242 , while American Family is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Grand Island and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Grand Island and their average annual premiums.

Home Insurance Company	Annual rate
Farmers Mutual Ins Co of NE	$4,242
American Family	$4,295
Farmers	$4,570
State Farm	$4,867
Allstate	$6,065
Nationwide	$6,396
Iowa Farm bureau	$4,813
USAA*	$5,760

*USAA is only available to military community members and their families.

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Nebraska that can impact your home insurance

Living in Nebraska comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Nebraska is commonly affected by Winter weather.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Check for coverage gaps before it’s too late

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Grand Island for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.