Get Elm Creek, NE Home Insurance Rates!
We have great homeowners insurance quotes and rates for your home in Elm Creek, Nebraska, our online quoting process helps you compare the top insurance companies in Elm Creek. Our free quoting process allows you to review up to 12 competitive home insurance rates to help you compare ratings, coverages and rates. Let us help you shop the best rate and coverage for your Elm Creek home today, simply enter your Nebraska zip code or give us a call now!
The most common questions we get asked is "how much is my homeowners insurance going to be"? For homeowners living in Elm Creek, NE, the average home policy is around $132 per month or $1,586 per year. Your new Nebraska homeowners premium will be paid annually, usually in a state of escrow managed by your mortgage provider. Average home rates are based on a standard home insurance policy, titled an HO-3. Home insurance companies rate risk differently so it is important to let a company like GetHomeInsuranceQuotes.com do the shopping for you and help answer any questions that you may have about your coverage, flood insurance, wind/hail coverage and discounts.
Additional questions asked about homes in Elm Creek:
What is the replacement cost coverage for my home?
Home insurance companies will assign a replacement cost value to your home in case it was ever in need of rebuilding. Remember the cost to replace your home is not the same as buying the home because the cost of land does not need to be itemized as an expense when replacing the structure. Try our home replacement cost calculator to easily generate your total replacement cost coverage, you will see three options to choose from.
How many people live in Elm Creek?
The total city area population for Elm Creek, NE is 1,688.
How many homes in the Elm Creek area?
The total homes in the city of Elm Creek is 664 housing units.
What is the average Elm Creek household income?
The average income in the Elm Creek area is around $65,183.
How much do the homes in Elm Creek cost on average?
The average cost of a home in Elm Creek is estimated to be around $133,900.
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Home Insurance Rates by Zipcode in Elm Creek, NE
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Elm Creek.
Elm Creek, NE Home Insurance Average Premiums
$969 /yr.
For the city of Elm Creek, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $969 /yr. |
| Average Coverage: | $1219 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1519 /yr. |
What is the average home insurance cost for a home in Elm Creek, NE?
- • The average homeowners insurance premium paid annually for a home in Elm Creek is around $1219 per year.
What does it cost on average per month for home insurance in Elm Creek, NE?
- • Homeowners in Elm Creek pay an average cost per month around $102.00 for insurance coverage.
Elm Creek, NE - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $228,484 | $203,998 |
| February | $228,965 | $209,384 |
| March | $229,467 | $214,006 |
| April | $229,154 | $217,512 |
Homeowners insurance will help cover the cost to repair or replace your Elm Creek home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Elm Creek
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
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Saving Money Tips on Elm Creek Home Insurance
A great way to save money on Elm Creek homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Elm Creek area? Check out what homeowners are paying on average for Nebraska homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 2264 ft. | This is the average home elevation in Elm Creek, NE | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Nebraska flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Elm Creek, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Buffalo County.
Nebraska Homeowners Insurance News & Information
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$4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024
According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]
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I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024
According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]
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How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024
Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm. Understanding the different coverages that are available to homeowners is key to making sure you […]
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Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024
According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high. “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]
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Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]
Elm Creek, NE Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Elm Creek so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Elm Creek, NE?
- The average square footage in Elm Creek is around 956 Sq. Ft. which would cost you around $133,900 to replace the home if you base the home on the price to build per square foot of $140.
Minimum Replacement Cost Total: $133,900
Location: Elm Creek, Nebraska (Buffalo County)
Average Building Cost Per Square Foot in Elm Creek: $140 (low end)
Average Square Footage in Elm Creek: 956 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $140 | $133,900 |
| Some Additional Upgrades | $175 | $167,375 |
| Major Home Updates or Advancements | $210 | $200,850 |
The dwelling coverage is calculated by the average cost per square foot ($140) in Elm Creek, Nebraska times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $437,500 (Media price to build of $175 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.