Homeowners in Nebraska pay significantly more on their insurance premiums when compared to other states. This price difference is influenced by many factors, including the state's susceptibility to flooding and other natural disasters like Tornados. Nebraska experiences an average of 55 Tornadoes per year; this has raised insurance premiums as providers are more likely to have to cover the costs of damages to your Nebraska home than if you lived in another state. Other factors that can affect the price of your homeowners insurance include the crime rate in your area, the deductible you select for your policy, the age of your home, and the dollar amount of your coverage plan. However, the main thing that influences the price of your Nebraska homeowners insurance is the city that you live in. The cheapest homeowners insurance in Nebraska is available in Lincoln with the average homeowners insurance policy at $2561 per year or $213 per month. In Nebraska City, the average insurance premium is $2985 per year making it the most expensive city in the state for homeowners insurance. But the level of homeowners insurance that you select will also impact the cost of your insurance premiums. Coverage for $100,000 of damages to your home will cost approximately $1586 per year whereas coverage for $400,000 will cost $4375. You can raise the price of your policy if you add additional coverage like flood insurance to your plan or lower it by adding safety features to your property or by creating a bundle of two policies from the same insurer, so you can affect your insurance premiums.