For older drivers, one of the largest factors that help determine the price you pay for insurance is your zip code in Lincoln. Areas with more people or even just a higher incidence of claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.
The information below sorts the most expensive areas in Nebraska for drivers over age 70 in which to buy car insurance. Lincoln shows up at #24 with an annual premium of $1,106 for the average policyholder, which is approximately $92 per month.
|Rank||City||Premium Per Year|
|7||South Sioux City||$1,251|
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Information shown are approximated as zip code location can influence coverage prices noticeably.
The vehicle that needs insurance is a large factor when quoting low-cost coverage for drivers over age 70. Vehicles with more horsepower, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models. The data below shows car insurance costs for the cheapest automobiles to insure in Nebraska.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$950|
|Hyundai Elantra GLS Touring Station Wagon||$960|
|Honda CR-V EX-L 2WD||$966|
|Jeep Wrangler Sport 4WD 2-Dr||$994|
|Ford F-150 XL Regular Cab 4WD||$1,068|
|Dodge Grand Caravan CV||$1,078|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,098|
|Chevrolet Impala LS||$1,112|
|Toyota Camry LE||$1,128|
|Jeep Grand Cherokee Laredo 4WD||$1,137|
|Chevrolet Equinox LS AWD||$1,128|
|Toyota RAV4 Sport 4WD||$1,136|
|Ford Explorer Eddie Bauer 4WD||$1,142|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,149|
|Chevrolet Malibu LT||$1,142|
|Honda Civic EX 4-Dr Sedan||$1,170|
|Ford Focus SES 4-Dr Sedan||$1,179|
|Honda Odyssey EX-L W/Rear Entertainment||$1,186|
|Toyota Corolla S||$1,196|
|Ford Edge Limited AWD||$1,186|
|Ford Fusion SEL 4-Dr Sedan||$1,200|
|GMC Sierra SLT Extended Cab 4WD||$1,205|
|Compare Cheap Rates Go|
Data assumes single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Price estimates do not factor in specific zip code location which can impact rates substantially.
Looking at the numbers, cars like the Ford Escape, Hyundai Elantra, Honda CR-V, Jeep Wrangler, and Toyota Prius are most likely going to be a few of the less-costly vehicles to insure for older drivers. The price for car insurance will be more costly just because there is more risk for drivers over age 70, but in general those specific models will have the cheapest car insurance rates compared to other types of vehicles.
The diagram below demonstrates how deductibles can affect insurance costs when getting quotes for cheap insurance for drivers over age 70. Data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $322 a year by increasing from a $100 deductible to a $500 deductible, or save $484 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could roll back prices up to $824 every year just by using higher deductibles.
If you do raise deductibles, it is a good idea to have enough savings set aside to allow you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Choosing the highest-rated auto insurance company can be challenging considering how many companies there are in Nebraska. The ranking data shown next could help you analyze which car insurance companies you want to consider when insurance shopping for drivers over age 70.
The ratings below only include companies that insure vehicles across America, so companies without a large exposure are not factored into these rankings. If you’d like to compare prices and find the cheapest rates for drivers over age 70, click here.
Top 10 Major Auto Insurers in Lincoln Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
Top 10 Major Auto Insurers Overall in Lincoln
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
How to find budget-friendly auto insurance for drivers over age 70
It is possible to find better rates, and here are some money-saving suggestions that can help you buy cheap coverage.
- Increase the comprehensive and collision deductibles on your policy
- Pay cheaper rates with good credit scores
- Save money by insuring older vehicles for liability only
- Safe vehicles cost less to insure
- Save money by insuring your home and auto with the same company
- If possible, pay for small claims out-of-pocket
- Compare prices as often as possible
That last idea is extremely significant, as we stressed in the article above. Car insurance prices fluctuate constantly, so drivers shouldn’t be resistant to change to a new company if a better rate can be found. Having brand loyalty is commendable, but we do not recommend it if that loyalty ends up costing hundreds of dollars year after year. It takes less than five minutes to compare rates to find cheaper car insurance for drivers over age 70 in Lincoln.
The insurance agencies below can most likely help you determine which coverage fits your budget, as many consumers aren’t sure which coverage to buy and prefer to get some guidance when comparing insurance rates for drivers over age 70. It can be time-consuming to find the cheapest auto insurance company, and getting advice from a licensed Nebraska insurance agent can provide you peace of mind knowing your policy gives you adequate coverage when you need it most.
To find an agent nearest to you, click the button after the list.
Shelter Insurance – Richard Diers
4242 Cornhusker Hwy – Lincoln, NE 68504 – (402) 464-9511
Union Agency Inc
4719 Prescott Ave – Lincoln, NE 68506 – (402) 810-7582
Farmers Insurance – Ken Richards
3100 O St #3 – Lincoln, NE 68510 – (402) 420-5355