Who Has Affordable Car Insurance for Low Income Drivers in Lincoln?

Finding good, low-cost insurance is difficult, and deciding which companies offer the best car insurance rates for low income drivers may require additional perseverance. Each auto insurer uses their own calculation to set premium rates, so we’ll go over the car insurance companies with the most affordable rates in Lincoln, NE.

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Rankings for the cheapest car insurance companies in Nebraska
Rank Company Cost Per Year
1 Safeco $780
2 The Hartford $865
3 Allied $921
4 Auto-Owners $923
5 Farm Bureau Mutual $980
6 Farmers Mutual of Nebraska $1,009
7 Nationwide $1,037
8 American National $1,054
9 State Farm $1,065
10 General Casualty $1,092
11 USAA $1,162
12 American Family $1,246
13 California Casualty $1,270
14 MetLife $1,280
15 Iowa Mutual $1,334
16 EMC $1,354
17 GEICO $1,362
18 Progressive $1,402
19 Farmers $1,586
20 North Star $1,659
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Safeco may offer some of the cheapest car insurance rates in Lincoln at around $780 annually. This is $536 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual also qualify as some of the most economical Lincoln, NE auto insurance companies.

As shown in the table above, if you are insured with Auto-Owners and switched to Safeco, you might realize annual savings of in the vicinity of $143. Nebraska drivers with Farm Bureau Mutual could save as much as $200 a year, and Farmers Mutual of Nebraska policyholders might lower prices by $229 a year.

It’s important to note that these rates are averaged across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for low income drivers. So the car insurance company that has the cheapest rates 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 personalized driver profile and vehicle information.

The make and model of vehicle driven is one of the main factors that determines whether or not you can buy the best coverage for low income drivers. Vehicles with high performance engines, poor crash test ratings, or a history of substantial liability claims will cost more to insure than safer, lower-performance models. The next table showcases car insurance rates for a handful of the cheapest vehicles to insure in Nebraska.

Cheapest Vehicles to Insure in Lincoln, NE
Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 2WD $860
Honda Accord LX-P 4-Dr Sedan $870
Dodge Grand Caravan CV $884
Honda CR-V EX 2WD $888
Honda Odyssey EX W/Rear Entertainment $916
Toyota Camry LE $934
Chevrolet Malibu LS $939
Hyundai Elantra SE Touring Station Wagon $962
Jeep Wrangler Sahara 4WD 2-Dr $964
Honda Civic LX 4-Dr Sedan $966
Toyota Prius $986
Ford Fusion SEL 4-Dr Sedan $1,000
Chevrolet Equinox LTZ AWD $1,006
GMC Sierra 2500HD SLE Regular Cab 4WD $1,000
Chevrolet Silverado LT Regular Cab 2WD $1,007
Nissan Rogue S 2WD $1,000
Toyota Tacoma 4WD $1,002
Ford Explorer Limited 2WD $1,040
Ford F-150 XLT Crew Cab 4WD $1,048
Ford Focus SES 2-Dr Coupe $1,050
Toyota RAV4 2WD $1,052
Toyota Corolla XRS $1,096
Ford Edge Sport 2WD $1,100
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in garaging location in Lincoln, NE which can raise or lower insurance rates substantially.

Looking at the data, cars like the Ford Escape, Honda Accord, and Dodge Grand Caravan are going to be a few of the most affordable vehicles to insure for poor drivers.

Insuring your vehicle with the highest-rated insurance provider can be rather challenging considering how many different insurance companies sell coverage in Lincoln. The information in the next section could help you decide which car insurance providers you want to consider buying from. These rankings are only comprised of companies that insure vehicles nationwide, so smaller regional companies are not factored into the list.

Top 10 Major Auto Insurance Companies in Lincoln Ranked by Customer Service

  1. State Farm
  2. Nationwide
  3. Safeco Insurance
  4. American Family
  5. Travelers
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. The Hartford
  10. Farmers Insurance

Top 10 Major Auto Insurance Companies Overall in Lincoln

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Discounts on Lincoln insurance rates

Discounts on car insurance for low income driversCar insurance companies that offer coverage for low income drivers may provide policy discounts that could lower prices by as much as 25% or more if you are eligible for them. A list of companies and some of the premium reductions they offer are detailed below.

The chart below shows the difference between annual premium costs with and without policy discounts. The costs are based on a male driver, no tickets, no at-fault accidents, Nebraska state minimum liability limits, comp and collision included, 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 accident-free, defensive driving course, anti-theft, multiple policy, passive restraint, and claim-free discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance for low income drivers is 28% or $587.

How to find economical auto insurance for low income drivers

Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help Lincoln drivers quote low-cost car insurance.

That last piece of advice is particularly crucial, as was stressed in the article above. Prices change a lot, so don’t hesitate to buy from a new company if you find a better deal.

Staying with the same car insurance company is fine, but is isn’t recommended if that inflexibility results in costing you hundreds every year. If you have a few minutes, compare prices and find cheaper insurance for low income drivers in Lincoln.

If you prefer to have some professional guidance when buying car insurance for low income drivers, the agents shown below can most likely answer your questions and help you decide which coverage fits your budget.

To locate a Lincoln insurance agent closest to you, click the button link following the list or click here to compare price quotes.

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