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Live Insurance News: Nebraska’s Homeowners Insurance Ranks Amongst Highest in the Country

Hail, tornadoes, and wildfires have caused Nebraska's homeowners insurance costs to reach unprecedented highs.

  • published: 2026/10/01
  • contact: Jazlynn Sanders - Office of Strategic Marketing and Communications
  • email: unonews@unomaha.edu
A person holds a large, irregularly shaped hailstone in their hand above a dark, wet shingled roof covered with smaller pieces of hail.

(Shutterstock)

UNO in the news: A recent Live Insurance News article highlights research by University of Nebraska at Omaha (UNO) Economics Professor Zhigang Feng, on Nebraska's insurance crisis, discussing the state’s increasing homeowner’s insurance costs and the factors behind the rise.

Why it matters: Nebraska homeowners pay more for insurance than homeowners in 45 other states.

  • According to Feng’s research, the average Nebraska homeowner pays approximately $4,800 per year, almost double the national average of $2,601.
  • Nebraska is one of the five most expensive states for homeowners’ insurance, alongside Texas, Florida, Louisiana, and Oklahoma.

Zoom in: Nebraska sits in both tornado and hail valley, which is directly impacting its homeowners.

  • Following last year's August’s hailstorm, Feng warned that Midwest storms are changing the insurance climate rapidly. After experiencing the storm himself, Dr. Feng is using his research to educate Nebraska homeowners on why homeowners' insurance costs are so high and what that means going forward.
  • Feng is an associate professor of economics and specializes in macroeconomics and computational methods.
  • His work is published in top-tier general-interest and field-specific economics journals, including the International Economic Review, Review of Economic Dynamics, Quantitative Economics, and Economic Theory.

Read the full article on Live Insurance News.

About the University of Nebraska at Omaha

The University of Nebraska at Omaha (UNO) is Nebraska’s premier metropolitan university, committed to innovating for the public good, advancing social mobility, powering workforce development, and serving as a hub for community engagement. Nearly 15,000 Mavericks choose UNO for its hands-on education experiences, nationally ranked online and graduate programs, military-connected student support, and innovative approaches to supporting lifelong learning. UNO holds the Carnegie Research Activity “R2” designation, securing more than $40 million annually in external research funding and counts its faculty among the world’s most cited scholars. Sixteen Omaha Athletics programs compete in NCAA Division I as members of the Summit League and National Collegiate Hockey Conference (NCHC). 

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