Why is your Home insurance so expensive!

Updated: Jun 28, 2021


Home insurance is based on " what is the likely hood something bad will happen"? The more likely it is that something bad will happen, the more expensive the home insurance quote will be. These potential dangers are called "Risks". So what does it look like in Nebraska

Crime:

Nebraska is lower than the national average but Omaha has the second highest rate in Nebraska.

  • Average number of burglaries per 1,000 homes in Omaha: 6.84

  • Average number of burglaries per 1,000 homes in the Fremont: 3.42

  • Average number of burglaries per 1,000 homes in the Blair: 2

  • Average number of burglaries per 1,000 homes in the Bellevue: 2.03

  • Average number of burglaries per 1,000 homes in the La Vista: 1.39

  • Average number of burglaries per 1,000 homes in the Papillion: .77

Weather:

Nebraska is located within Tornado Alley, and this poses a risk from strong winds, hail and tornadoes.

  • Number of federally declared disasters since 1953: 60

  • Most common cause of disasters in the state: Severe Storms

  • Average number of tornados in the state per year: 54.6

  • Amount paid in home insurance claims in 2016: $698,557,000

Average Home Insurance cost : Omaha, La Vista, Bellevue, Papillion, Ralston

  • $100,000 Dwelling : $1,472

  • $200,000 Dwelling : $2,310

  • $250,000 Dwelling : $2,884

  • $400,000 Dwelling : $4,244

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