Nebraska Insurance Questions Answered

Popular Questions about Nebraska Car Insurance

Nebraska residents pay lower than average rates for car insurance. That doesn’t mean there isn’t still room for big savings. Independent insurance agents can help you find the lowest cost for the coverage you need.

The average cost of car insurance nationwide is $1,311. In Nebraska, residents pay an average of $1,086 per year. You'll get the best rates if you compare quotes from multiple companies before you choose a policy.

Driving on Nebraska roads can be dangerous. Accidents happen, and there are a number of risks you may not even know about. Here's what car insurance will do for you:

  • Fix your car (not required): We call this "comprehensive & collision coverage," and though it is not required by the state, it may be required by your lender.
  • Fix someone else's car  (required): Min. $25,000. We call this "property damage liability."
  • Pay your medical bills (not required): We call this "personal injury protection" or "PIP."
  • Pay someone else's medical bills (required): Min. $25,000 per person / $50,000 per accident. We call this "bodily injury liability."

Nebraska has a few requirements when it comes to car insurance, so be sure you're following the rules by talking with a Trusted Choice agent. These coverages are meant to protect you and pay for car damage and medical bills if you cause an accident.

The driver who caused the accident is responsible for covering the cost of damages.

It's impossible to tell who has proper insurance and who doesn't when you're behind the wheel. Nebraska drivers are generally more responsible than those in other states around the country — 12.6% of US drivers are uninsured — but many people still drive without auto coverage throughout the state.

That's where uninsured motorist coverage comes in. If an uninsured driver causes damage to you or your car, it can be hard to collect compensation from that driver. But this coverage will pay to fix your vehicle and handle your medical bills.

Nebraska does require you to have uninsured motorist coverage, so visit a local Trusted Choice agent today to discuss your options.



Popular Questions about Nebraska Home Insurance

The average American homeowner pays $1,173 per year for home insurance, but in Nebraska, the average annual premium is $1,369. Even though insurance is more expensive for homes in Nebraska, having insurance is vitally important because the cold winter weather causes serious damage to homes each year.

Your home insurance gives you a backup plan in case a catastrophe strikes in your neighborhood. Whether it's a fire, heavy winds, or a burglary, you're covered if you have a suitable Nebraska homeowners insurance policy.

Pays for repairs to your home and your belongings

  • Example: A tree falls on your house, and rain ruins your 60" Samsung TV.

Pays for someone else's injuries or property damage when it's your fault

  • Example: Your kid is playing baseball and accidentally smacks the ball through your neighbor's window.

Pays for temporary living expenses when your home is damaged

  • Example: You need a hotel while your house's roof is being repaired due to a fallen tree.

We can’t be 100% certain, but last year insurance companies spent more than $698 million on home insurance claims in Nebraska. That's a lot of unfortunate events happening to Nebraska homeowners.

Insurance carriers calculate the cost of a home insurance policy by asking, "How likely is it that something bad will happen?" The more likely it is that something bad will happen, the more expensive the home insurance policy will be, and vice versa. We call these potential disasters "risk." Let’s take a look at how risky Nebraska is compared to the rest of the US.

Crime

Even though the crime rate in Nebraska is lower than the national average, homeowners still have to be aware of the risk.

  • Average number of burglaries per 1,000 homes in NE: 3.38
  • Average number of burglaries per 1,000 homes in the US: 4.69

Weather

Nebraska is located in the infamous Tornado Alley, and this poses a risk to area homeowners. In addition to tornados, residents of this state may also experience damage to their homes caused by severe storms and wildfires.

  • 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

Home Values

The estimated cost to rebuild your home will play a large role in how much your home insurance costs. In Nebraska, the average home value is lower than the national average. This can help to keep insurance costs affordable despite the many risks in this state. 

  • Average home value in NE: $148,100
  • Average home value in the US: $188,900

Yes! There are currently 294 Trusted Choice agents in Nebraska who are ready to help. Did you know that independent insurance agents can give you multiple policy options to choose from? That way, you'll receive completely customized coverage that addresses all of your unique insurance needs.


Popular Questions about Nebraska Business Insurance

In 2017 small businesses in Nebraska made $76.1 billion. What happens if a client files a liability claim against you and you don't have insurance? Or an employee is injured while on the job but you skimped  on workers' comp coverage? Without insurance, business claims have to be paid out of your pocket, meaning they have to be paid out of your business’s revenue.

40% of small businesses are likely to experience a property or general liability claim in the next 10 years. Here are some things these companies have been using their insurance on:

  • Theft or burglary: Average cost per claim - $8,000
  • Water damage & freezing pipes: Average cost per claim - $17,000
  • Wind & hail damage: Average cost per claim - $26,000
  • Fire damage: Average cost per claim - $35,000
  • Customer slip & fall: Average cost per claim - $20,000

Nebraska business insurance will pay for covered claims so your business doesn’t have to. It should be comprehensive and address the specific risks and hazards your business faces.

Here’s what a standard business insurance policy should do:

Pay for damage to your building

  • We call this “commercial property insurance.”
  • Example: A tree falls on your office building.

Pay for damage to your business property

  • We call this “business personal property insurance.”
  • Example: A fire destroys all your computers.

Pay for damage to someone else’s property

  • We call this “general liability insurance.”
  • Example: A contractor does a poor job of installing a cabinet, causing it to fall and break the homeowner's kitchenware.

Pay for someone else’s medical bills

  • We also call this “general liability insurance.” 
  • Example: A customer slips and falls on your recently mopped floor and breaks an arm.

Pay for accidents in company vehicles

  • We call this “commercial auto insurance.”
  • Example: Your salesperson rear-ends someone while driving to an appointment.

Pay for employee injuries & compensation

  • We also call this “workers' compensation insurance.”
  • Example: An employee falls off a ladder at work and can’t work for two weeks.

But accidents happen. And sometimes, these coverages are not enough to properly protect a business against risk. Your business most likely faces unique risks and may need additional coverages.

To make sure you're properly insured, we can match you with the right independent insurance agent who specializes in your field. That way, you'll receive customized coverage that is both comprehensive and affordable.

Commercial insurance is not required of all Nebraska business owners, but certain aspects and coverages may be. In this state, businesses that employ one or more people — whether part- or full-time — must carry workers' compensation insurance. 

And if your business has company-owned cars, you must carry commercial auto insurance. To learn more about coverages and policies that you may need, talk to a local independent insurance agent.

It primarily depends on how risky your business is. The riskier your business, the higher your insurance will be. Here are two examples.

  • A sole proprietor who owns a garment hemming business: $260 per year
  • A commercial landscaper with five employees who operate heavy machinery: $22,700 per year

Business insurance rates are calculated using a number of factors such as the risks to your business property, your liability coverage needs, and the amount and types of coverage you want. Policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a suitable and comprehensive policy for your business.

It’s usually wise to work with an independent agent in Nebraska, since they have access to multiple insurance companies. Sometimes it’s difficult to find an insurance company that will cover your business.

  • There are 531 independent agents in Nebraska who are ready to help.
  • In 2017 our agents helped 736 people.

Popular Questions about Nebraska Worker's Comp Insurance

Workers' compensation in Nebraska is designed to provide certain benefits to employees who sustain injuries from accidents or occupational diseases that occur during the course of their employment, and who are not negligent at the time of the injury. In exchange for the right to receive workers' compensation benefits from the employer, employees forfeit their right to file a civil action against the employer for damages for work-related injuries or illnesses.

Under the Nebraska Workers' Compensation Act, there are two ways in which employers may comply with the law:

  1. By purchasing a workers' compensation insurance policy from a private insurer licensed by the Nebraska Department of Insurance to write workers' compensation insurance.
  2. By applying to the Nebraska Workers' Compensation Court and obtaining the court's authorization to self-insure.

Employers who wish to self-insure must meet certain requirements. The employer must be a corporation or political subdivision with a minimum of five years in business under the present organizational structure, and have a minimum of 100 employees, a strong financial base, and a positive program for safety.

Workers' compensation laws cover only work-related injury or illness. However, the injury or illness does not necessarily have to occur in the workplace. As long as it's job-related, it's covered. For example, employees are covered if they are injured while traveling on business, running a work-related errand, or attending a business-related social function.

Covered injuries and illnesses can range from sudden accidents, such as being hit by a half-ton beam, to injuries that happen over time, such as computer-related repetitive stress injuries or illnesses that result from exposure to workplace chemicals, air pollution, or radiation. Many workers' comp products sold in Nebraska also provide death benefits if a workplace incident results in the death of an employee.

Certain injuries or illness are not covered under workers' compensation, including:

  • Injuries caused by intoxication or drugs
  • Self-inflicted injuries
  • Injuries resulting from horseplay or violation of company policy
  • Injuries resulting from illegal behavior
  • Injuries an employee suffers off the job
  • Injuries claimed after an employee is terminated or laid off

Virtually all employees are covered by the workers' compensation law, including employees in private industry, state and local government, part-time employees, minors, and employees of charitable organizations.

There are a few exceptions:

  • Federal employees, railroad employees, most volunteers, and
    independent contractors
  • Household domestic servants and some employees of agricultural operations
  • Self-employed individuals, sole proprietors, partners, and limited
    liability company members who are actually engaged in the business on a substantially full-time basis
  • Executive officers of Nebraska corporations who own 25% or
    more of the corporation's common stock and are not considered employees of the corporation
  • Executive officers of Nebraska nonprofit corporations who receive
    annual compensation of $1,000 or less from the corporation and are not considered employees of the corporation.

If you or your employees fall into any of these categories (except for federal employees and railroad workers, who are covered under federal workers' compensation), you may still elect to cover them under your policy. Some employers choose to do so if their specific circumstances warrant coverage.

To estimate your workers' compensation insurance premium, simply calculate:

Base Rate X Payroll X Modifier = Premium

Your mod represents a debit or credit that is applied to your workers’ compensation premium.

A mod of 1.0 is considered to be average and does not impact your premium. All employers start out with a mod of 1.0. A mod greater than 1.0 is a debit mod. This means that your losses were worse than expected, and your premium goes up. A mod less than 1.0 is a credit mod. This means your losses were better than expected, and your premium goes down. 

Here are some examples of how experience rating impacts Nebraska workers’ compensation premiums:

  • Premium: $100,000
  • Mod: 0.75 (25% premium credit)
  • Premium with mod credit applied: $75,000
  • Premium: $100,000
  • Mod: 1.0
  • Premium is not adjusted
  • Premium: $100,000
  • Mod: 1.25 (25% premium surcharge/debit)
  • Premium with mod debit applied: $125,000

As of 2015, the rate for a claims-free landscaping outfit in Nebraska was $5.84 per $100 in payroll. If GreenWorks Landscaping has an annual payroll of $500,000, the workers' compensation insurance premium will be $29,200.

Base rates can fluctuate slightly from year to year. Here are some more examples of workers' comp base rates in Nebraska, according to 2016 numbers:

  • 0042 Landscaping: $11.75
  • 3632 Machine shop: $7.55
  • 3821 Salvage yard: $10.08
  • 5022 Masonry: $17.38
  • 5183 Plumbing: $8.30