Finding decent, reasonably-priced insurance is not always easy, and figuring out which insurers offer the cheapest car insurance rates for low credit scores takes a little more work.
Every car insurance company uses their own calculation to establish rates, so let’s begin by taking a look at the most affordable car insurance companies in Lincoln. It’s a good idea to be aware that Lincoln car insurance rates are impacted by many things that may substantially change the cost of coverage. This price variability is why it is important to shop around when trying to get the most budget-friendly car insurance quotes for low credit scores. Insurance rates consist of many risk factors and can change without notice, so the cheapest option six months ago may now not even be in the top five.
Best Car Insurance Prices in Nebraska
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $865 |
| 3 | Auto-Owners | $905 |
| 4 | Allied | $949 |
| 5 | Farmers Mutual of Nebraska | $979 |
| 6 | Farm Bureau Mutual | $980 |
| 7 | Nationwide | $997 |
| 8 | State Farm | $1,033 |
| 9 | American National | $1,087 |
| 10 | General Casualty | $1,092 |
| 11 | USAA | $1,128 |
| 12 | California Casualty | $1,257 |
| 13 | American Family | $1,258 |
| 14 | MetLife | $1,280 |
| 15 | EMC | $1,300 |
| 16 | Iowa Mutual | $1,334 |
| 17 | GEICO | $1,362 |
| 18 | Progressive | $1,402 |
| 19 | Farmers | $1,602 |
| 20 | North Star | $1,642 |
| View More Rates Go | ||
Safeco quotes some of the best car insurance rates in Lincoln at around $780 annually. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also some of the most economical Lincoln, NE auto insurance companies.
As the example above demonstrates, if you are a customer of Farmers Mutual of Nebraska and switched to The Hartford, you could see a yearly savings of in the neighborhood of $114. Nebraska drivers with Farm Bureau Mutual could save as much as $115 a year, and Nationwide customers might reduce rates by $132 a year.
If you would like to find cheaper car insurance rates, click here to get a free quote or click through to the companies below.
Bear in mind that those estimates are averages across all ages of drivers and types of vehicles and and are not figured with an exact zip code location for low credit scores. So the insurer that is best for you may not even be in the top 24 companies in the list above. That affirms the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.
The make and model of vehicle driven is one of the largest factors that determines whether or not you can buy low-cost coverage for low credit scores. Vehicles with high performance features, poor crash test ratings, or a history of substantial liability claims will cost more to insure than safer models. The next table illustrates insurance rates for a number of the most affordable vehicles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $806 |
| Ford Escape XLS 4WD | $860 |
| Honda Odyssey LX | $866 |
| Honda Accord LX-P 4-Dr Sedan | $888 |
| Chevrolet Impala LS | $916 |
| Ford Edge SE AWD | $925 |
| Jeep Grand Cherokee Laredo 4WD | $934 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $962 |
| Ford Focus SEL 4-Dr Sedan | $966 |
| Chevrolet Silverado LS Regular Cab 4WD | $978 |
| Hyundai Elantra GLS 4-Dr Sedan | $984 |
| Toyota Prius | $986 |
| Chevrolet Equinox LTZ AWD | $1,000 |
| Ford Explorer XLT 2WD | $1,002 |
| Dodge Ram Quad Cab ST 4WD | $1,016 |
| Start a Quote Go | |
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in vehicle garaging location which can decrease or increase coverage prices significantly.
Looking at the data, cars like the Honda CR-V, Ford Escape, Honda Odyssey, and Honda Accord will be a few of the most budget-friendly vehicles to insure for bad credit.
Irresponsible driving raises your rates
In a perfect world, the best way to maintain the best car insurance rates in Nebraska for bad credit is to be a good driver and avoid accidents and keep your driving record clean. The example below shows how traffic citations and accident claims raise insurance prices for each different age category. The rate quotes are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of car insurance per year with a clean driving record and no accidents is $1,195. Get written up for one speeding ticket and the average cost increases to $1,390, an increase of $195 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of car insurance for low credit scores goes up to an average of $3,098. That’s an increase of $1,903, or $159 per month, just for being a little careless behind the wheel!
Discounts on Lincoln car insurance
Car insurance companies that provide policies for low credit scores may also offer rate discounts that may potentially lower prices by as much as 30% if you are eligible to receive them. Popular car insurance companies and some of their more popular discounts are outlined below.
- Progressive offers discounts including online signing, online quote discount, homeowner, multi-policy, continuous coverage, and multi-vehicle.
- Farmers Insurance policyholders can earn discounts including business and professional, bundle discounts, good student, switch companies, distant student, mature driver, and teen driver.
- Farm Bureau may include discounts for renewal discount, safe driver, multi-policy, 55 and retired, driver training, and youthful driver.
- State Farm has savings for Steer Clear safe driver discount, multiple autos, accident-free, good student, driver’s education, student away at school, and good driver.
- GEICO has discounts for anti-lock brakes, driver training, multi-policy, five-year accident-free, daytime running lights, and air bags.
- SAFECO offers premium reductions for safe driver, accident prevention training, multi-car, anti-theft, anti-lock brakes, teen safety rewards, and drive less.
- Liberty Mutual may offer discounts for teen driver discount, multi-policy, hybrid vehicle, newly married, newly retired, and exclusive group savings.
The example below illustrates the comparison of auto insurance costs with and without policy discounts. The rate quotes are based on a female driver, a clean driving record, no claims, Nebraska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, claim-free, defensive driving course, multiple policy, anti-theft, and safe-driver discounts applied. When taking advantage of discounts, theamount saved on car insurance for low credit scores is 28% or $564.
Ideas to find economical insurance for low credit scores
Lowering your rates is not difficult, and here are some of the better thrifty suggestions that can help Nebraska drivers find cheap auto insurance.
- Older vehicles may not need full coverage
- Claim-free policyholders usually earn a discount
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Raise deductibles to save money
- Avoid at-fault accidents and claims
- Shop around for cheaper rates regularly
That final tip is highly significant, as was noted in the prior information. Prices charged by companies can change considerably in a year, so don’t be hesitant to switch to a new company if a cheaper price is available. Loyalty to a specific company is fine, but we do not recommend it if that devotion results in you overpaying money that could be going to better use. It only take a few minutes to compare rates to find cheaper auto insurance for low credit scores in Lincoln.
The Lincoln car insurance agencies listed below are willing to provide answers to your questions and help you determine which insurance coverage will be best for you, since some people have coverage questions and would like to have the advice of a professional agent when comparing insurance rates for low credit scores. It can be complicated to find the best rates on your own, and a licensed agent can give comfort knowing your coverage gives you enough protection.
To find a Lincoln insurance agency near you, click the button at the bottom.
Ogden Insurance Agency, Inc.
8531 Lexington Ave #102a – Lincoln, NE 68505 – (402) 466-5655
Cornhusker Insurance Agency
6100 Apples Way #110 – Lincoln, NE 68516 – (402) 436-2423
Midwest Insurance Group
4333 S 48th St – Lincoln, NE 68516 – (402) 489-9595