The Best and Cheapest Renters Insurance in Nebraska

The Best and Cheapest Renters Insurance in Nebraska

Are you currently renting a home or apartment and are in need of renter’s insurance? Are you a college student leaving home for the first time? In both of these situations, you’ll be in need of renter’s insurance. Although many people think their personal belongings are covered under the landlord’s insurance policy, this is not the case. Protecting your personal belongings is your responsibility.

If your home is destroyed or damaged, renters insurance will help pay the cost of replacing your things. Finding the best and cheapest renters insurance in Nebraska is something we can help you with. If you’re probably asking, “How much is renters insurance in Nebraska?”, you’ve come to the right place. Read on and learn about the importance of renters insurance and how to find the best policy, especially if you’re a college student.

Why Renters Insurance is Important for College Students

Growing up, things like insurance just doesn’t seem to affect or concern us because our parents take care of these things. Often, college students move away from home with the belief that their parents are still taking care of these things. While this may be the case if you’re living on campus, it’s not the case if you’re living off-campus.

The idea of some catastrophe striking and destroying your home and belongings may seem unlikely, but, unfortunately, these things do happen, and you want to be prepared. With the heavy load college students typically carry, they don’t need the added burden of having to pay thousands of dollars to replace their belongings.

Renter’s insurance can give college students, and others, the security of knowing they’re protected so they can focus on college and all the responsibilities it includes. In addition to protecting the property, renter’s insurance can also protect the students from liability should they be sued by someone visiting them in their home.

Do I Need Renters Insurance in Nebraska?

Of the 50 states in the U.S., Nebraska is the 16th-largest. Although its rate of crime is lower than the national average, it does see its share of crime, and many of these crimes occur on or near college campuses. An example of this can be seen at the University of Nebraska. College students from the UN campus in Kearney were affected by 20 larceny/thefts, 4 burglaries, and 24 property crimes in 2019.

College students from the UN campus in Lincoln were affected by 155 larceny/theft, 7 burglaries, and 164 property crimes. In many of these cases, the renter’s insurance could make the difference in how the crimes affected the students financially. There are about 44 colleges and universities in Nebraska. In case students choose their college based on safety, these colleges are the safest in the state as of 2022.

  • Bellevue University in Bellevue, NE
  • Concordia University in Sewerd, NE
  • Midland University in Freemont, NE
  • College of Saint Mary in Omaha, NE
  • University of Nebraska in Kearney, NE
  • Doane University in Crete, NE
  • University of Nebraska in Omaha, NE
  • Union College in Lincoln, NE
  • Hastings College in Hastings, NE
  • Nebraska Wesleyan University in Lincoln, NE
  • Chadron State College in Chadron, NE

How Much Does Renters Insurance Cost?

When asked the biggest reason why people don’t get renters insurance, the cost is generally the biggest concern. Many renters don’t realize how affordable renters insurance can be. You can find the best and cheapest renters insurance in Nebraska and only spend about a dollar a day. College students, for example, may pay less for renters insurance than they’d spend for a day of fun. The cost of renters insurance is not the same for everyone because the premiums are based on several factors.

  • Your geographic location
  • Type of coverage
  • Amount of coverage
  • Reimbursement method (actual cash value or replacement cost value)
  • Type of home
  • Deductible
  • Credit scores (some insurance companies)

In addition to the above factors, discounts offered by the insurance company can make a substantial difference in what the student ends up paying. For instance, most insurance companies offer a value if you have things like a smoke alarm or burglar alarm, to name just a few.

How Much is Renters Insurance in Nebraska?

You’re probably asking, “How much is renter’s insurance in Nebraska?” Each renter will have a different answer because they have different insurance needs. How much you pay depends on the factors listed above and the amount of coverage you choose.

Most renter’s insurance policies are the same in terms of what type of coverage they offer. Most offer personal property coverage; personal liability coverage; medical payments, and additional living expenses. Every policy has a deductible, which is the amount the renter is expected to pay on a claim before the insurance pays anything. A lower deductible will give you more coverage, but will increase your premium.

We’ve checked quotes for a few different Nebraska cities to give you an idea of how location may alter premiums. This policy pays $50,000 for your personal property, $1,000 in medical payments to others, $100,000 for personal liability, $15,000 for additional living expenses (aka loss of use), and a $500 deductible. These quotes are based on a male student who is 20 years old.


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The Best and Cheapest Renters Insurance in Nebraska

If you’re looking for the best and cheapest renters insurance in Nebraska, it’s important to realize that the cheapest might is not necessarily be the best. You want an insurance company that will allow you to choose the policy that offers you the insurance you need for a price that’s affordable. Below are a few of Nebraska’s most popular renter insurance companies with some basic information on the company.

American Family (AmFam) College Renters Insurance

American Family has been around for many years and serves some great renters insurance for very affordable prices. For a basic policy that offers personal property coverage, personal liability, medical payments, and a low deductible, you’ll pay about $17 per month. More specific information must be obtained through an agent.

Progressive College Renters Insurance

Progressive Insurance offers your typical renter’s insurance but also includes coverage for mold liability as well as extra computer coverage. The U.S. News & World Report ranks Progressive very highly. You can submit your claims online, in person, or on the phone. They also offer various payment options. For about $17.00, you can get a renters policy with this coverage.

  • $50,000 for personal belongings
  • $100,000 for personal liability
  • $1,000 for medical payments for others
  • $500 deductible

Liberty Mutual Insurance for College Students

Although Liberty Mutual offers renters insurance for as low as $5 per month, they do offer a variety of options based on your insurance needs. They are a highly rated company that boasts a very simple claim process, which can be filed through the mobile app or online. Their initial package offers less coverage than many but can be customized. For about $24.67, you can get this coverage.

  • Personal property coverage – $25,000
  • Personal liability – $100,000
  • Medical payments – $1,000
  • Temporary living expenses – $5,000
  • Deductible – $500

Amica Insurance

Amica Insurance is a good choice to make for renters and college students. They’re well known for their customer service and good coverage. The U.S. News & World Report ranks them highly. You can get the following coverage for about $28 per month.

  • $50,000 for personal belongings
  • $100,000 for personal liability
  • $1,000 for medical payments for others
  • $500 deductible

State Farm Insurance

State Farm Insurance offers various types of insurance, including renters insurance. Their customer service and affordability have made them popular with renters and homeowners. They advertise that you can get a basic renters policy for between $6 and $11 per month. However, you have to contact an agent to get an accurate quote.

Nationwide Insurance for College Students

Nationwide Insurance is a company that’s rated very highly by U.S. News & World Report Forbes, and AM Best for its excellent coverage, affordability, and customer service. Claims, which can be filed online or on the phone, are easy and fast. The only negative is that you have to contact the company for a quote because they’re not available online.

Lemonade Insurance

Although Lemonade Insurance Company offers some great options in renter’s insurance, they do not currently offer it in the state of Nebraska. They do state that this may change in the future, so renters should check back periodically.

Acuity Insurance

Although Acuity Insurance is a popular choice for many renters and homeowners, they also do not offer renters insurance in Nebraska at this time.

Renters in Nebraska pay slightly less than the national average. After researching various companies that actually posted their quotes online, Progress and American Family appear to be the cheapest followed by Liberty Mutual and Amica.

What Does Renters Insurance in Nebraska Cover?

Renter’s insurance in Nebraska is pretty similar to other states. All the companies offer the same basic coverage types. They also offer ways to customize the policy to have what you need. Most insurance companies pay for additional living expenses. With this coverage, you will get reimbursed for the cost of living elsewhere while your home is being repaired or replaced. Most renters insurance in Nebraska covers basic perils such as:

  • Lightning
  • Wind damage
  • Storms (tornadoes)
  • Theft
  • Burglary
  • Vandalism
  • Liability

What Does Renters Insurance in Nebraska Not Cover?

As is the case with all insurances, there are some things that are not covered with renters insurance. These include:

  • Damage to buildings
  • Flood damage
  • Earthquake damage
  • Items of high value
  • Roommate’s possessions

Get a Policy Today

If you’re looking for the best and cheapest renters insurance in Nebraska, be prepared to research companies, compare prices for coverage, and not be afraid to check reviews on any company you may be considering. Most important is to read the fine print and not be afraid to ask any questions you may have. Now, it’s even easier than ever to sign up for renters insurance – you can do everything online and have coverage within minutes.