Average homeowners insurance cost in Lincoln, NE

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In Lincoln, homeowners pay an average annual rate of $4,160 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $1,578 more than the national average of $2,582.

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

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Lincoln, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Lincoln.

Key takeaways

In Lincoln, homeowners insurance costs $4,160 annually.
Allstate offers the most affordable homeowners insurance in Lincoln with an average annual premium of $2,957.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $233 higher.

Average homeowners insurance cost in Lincoln per month

Residents of Lincoln pay an average of $347 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $52 less than the state average of $399 and $132 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Lincoln may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Lincoln

The average cost of homeowners insurance in Lincoln, NE is $3,927 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

Based on a rate analysis conducted by Insure.com, Lincoln residents pay an average of $4,160 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $233 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Lincoln by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Lincoln. It’s average annual rate for Lincoln homeowners is $2,957. American Family ranks second and Farmers makes it to the third spot with an average annual home insurance rate of $3,820.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Lincoln and prepared a list of the cheapest home insurance providers. You can find below the Lincoln home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Allstate	$2,957
Farmers	$3,820
Iowa Farm bureau	$3,930
State Farm	$4,319
Farmers Mutual Ins Co of NE	$4,586
Nationwide	$6,735
American Family	$3,611
USAA*	$3,665

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Lincoln 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.