The vehicle you are trying to insure is one of the main factors when shopping around for the best cheap car insurance for drivers requiring a SR22. Vehicles with higher performance, poor safety features, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models.
The data below showcases car insurance premiums for a handful of the cheapest vehicles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $2,888 |
| Honda CR-V EX 4WD | $2,924 |
| Ford Escape Limited 2WD | $2,931 |
| Toyota Prius | $3,018 |
| Honda Accord EX-L 4-Dr Sedan | $3,082 |
| Ford Edge SE AWD | $3,288 |
| Ford Explorer Eddie Bauer 2WD | $3,308 |
| Chevrolet Malibu LT | $3,352 |
| Ford F-150 Lariat Crew Cab 4WD | $3,357 |
| Chevrolet Impala LT | $3,422 |
| GMC Sierra SL Extended Cab 2WD | $3,427 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $3,456 |
| Jeep Grand Cherokee Laredo 4WD | $3,458 |
| Dodge Grand Caravan Hero | $3,464 |
| Toyota RAV4 Sport 4WD | $3,458 |
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Prices based on single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Prices do not factor in vehicle location which can modify coverage rates greatly.
By looking at the data, you can infer that vehicles like the Hyundai Elantra, Honda CR-V, Ford Escape, and Toyota Prius will definitely be some of the most budget-friendly vehicles to insure for high risk drivers. The price of auto insurance will be more expensive just due to the fact that there is more claim risk for drivers requiring a SR22, but generally speaking those particular models will most likely have the cheapest car insurance rates possible.
For high risk drivers, one of the more important criteria that are used to help calculate the cost of insurance is where you live. Areas with more people or more claims tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims can boast about having cheaper rates.
The following table ranks the most costly cities in Nebraska for drivers requiring a SR22 in which to purchase auto insurance. Lincoln ranks #24 with the yearly price of $1,095 for the average insurance policy, which is about $91 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gering | $1,357 |
| 2 | McCook | $1,331 |
| 3 | Scottsbluff | $1,320 |
| 4 | Alliance | $1,300 |
| 5 | South Sioux City | $1,290 |
| 6 | Lexington | $1,264 |
| 7 | North Platte | $1,262 |
| 8 | Crete | $1,246 |
| 9 | Beatrice | $1,235 |
| 10 | Kearney | $1,224 |
| 11 | Nebraska City | $1,224 |
| 12 | Blair | $1,224 |
| 13 | Omaha | $1,220 |
| 14 | Hastings | $1,193 |
| 15 | Seward | $1,191 |
| 16 | La Vista | $1,162 |
| 17 | Bellevue | $1,155 |
| 18 | Columbus | $1,150 |
| 19 | York | $1,145 |
| 20 | Fremont | $1,142 |
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Premium amounts are estimated as vehicle location can impact coverage rates considerably.
Nebraska auto insurance company ratings
Choosing the best car insurance company is hard considering how many different insurance companies sell coverage in Nebraska. The ranking information shown below can help you select which coverage providers you want to consider when looking for cheaper rates. These rankings are only comprised of major nationwide insurance companies, so smaller companies that only insure vehicles in Nebraska are not taken into consideration for these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
The diagram below demonstrates how deductible levels can affect insurance costs when getting quotes for cheap insurance for drivers requiring a SR22. The price estimates are based on a married male driver, full physical damage coverage, and no discounts are applied.
As shown above, a 40-year-old driver could save $210 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $316 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could roll back prices $694 each year by choosing a higher deductible.
When using a larger deductible, it is important to have plenty of discretionary funds to satisfy the extra out-of-pocket expense that comes with higher deductibles.
Comparing rates can save you money
Nebraska auto insurance rates are determined by lots of factors that control the cost of coverage. Simply turning a year older, having a teen driver, or having an at-fault accident can trigger rate changes that may make certain companies much cheaper than others.
In addition to those changes, car insurance companies change premium rates as often as every three months to help ensure profitability. Heavy losses may result in price increases, while lower claims may produce lower-cost Lincoln car insurance rates.
For example, the data below shows a variety of companies that have the cheapest car insurance in Lincoln, NE for a 45-year-old female driver with no accidents or violations, and excellent credit. When comparing rates based on her personal risk profile, Safeco has the most affordable car insurance rates in Lincoln at $812 annually. This is $504 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also on the list of the most affordable Lincoln, NE auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart a couple of claims, poor credit, and a couple of points charged on her driving record. Since each company has a unique formula to determining premium rates, comparing insurance quotes may result in a new list of cheap Lincoln auto insurance companies as shown below.
Farm Bureau Mutual now has the cheapest car insurance in Lincoln, NE with State Farm, American National, General Casualty, and USAA also being competitive. This example demonstrates why Nebraska drivers need to perform an extensive rate comparison when trying to get the most economical car insurance quotes for drivers requiring a SR22. Insurance prices can be determined by many risk factors and can change without notice, so the cheapest option when you bought your policy may now be quite expensive.