Average homeowners insurance cost in Grand Island, NE

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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 Insure.com’s rate analysis. 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 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 Grand Island, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Grand Island.

Key takeaways

In Grand Island, homeowners insurance costs $5,064 annually.
Farmers Mutual Ins Co of NE offers the most affordable homeowners insurance in Grand Island with an average annual premium of $4,242.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $1,216 higher.

Average homeowners insurance cost in Grand Island per month

According to our rate analysis, homeowners in Grand Island pay an average of $422 per month. It’s $23 more than the state average of $399 and $207 more than the national average for home insurance across the United States.

In Grand Island, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

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

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $3,848 per year in Grand Island, NE. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

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

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

Based on a rate analysis conducted by Insure.com, Grand Island residents pay an average of $5,064 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 $1,216 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 Grand Island by company

After evaluating several carriers, Farmers Mutual Ins Co of NE is the least expensive homeowners insurance provider in Grand Island. It’s average annual rate for homeowners in Grand Island is $4,242.

American Family holds the second position, while Farmers secures the third spot with an average annual home insurance rate of $4,570.

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

Methodology

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