Determining which company quotes the cheapest car insurance rates for a school permit calls for a bit more work in order to find the lowest price quote. Every insurance provider has a unique approach for determining rates, so to begin we’ll rank the lowest cost car insurance companies in Lincoln, NE.
It’s important to understand that Lincoln, NE car insurance rates are impacted by many factors that can increase the cost of coverage. Simply turning a year older, having a teenage driver, or getting a few speeding tickets can produce rate changes that can cause some rates to be more affordable than before.
Best Car Insurance Prices for Students
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Safeco generally has some of the most affordable car insurance rates in Lincoln at around $804 each year. This is $512 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also some of the lowest-priced Lincoln, NE insurance companies.
As shown in the rates above, if you currently have a policy with Allied and switched to The Hartford, you might realize annual savings of roughly $46. Nebraska drivers with Farmers Mutual of Nebraska may save as much as $114 a year, and Farm Bureau Mutual policyholders might reduce rates by $125 a year.
To compare your rates to other Nebraska insurance companies, click here to start your custom quote or click through to the companies below.
It’s important to note that these premium estimates are averages across all ages of drivers and types of vehicles and are not factoring in an exact zip code location for a school permit. So the insurer that fits your situation best may not even be in the top 24 companies shown above. That helps illustrate why you need to get rate quotes using your own specific driver information and vehicle.
The car, truck, or SUV you are seeking coverage for is one of the biggest factors that determines whether or not you find economical car insurance for a school permit. Vehicles with high performance, a lack of advanced safety features, or a track record of large liability claims will cost much more to insure than more economical and safe models. The next table outlines car insurance premiums for a selection of the more affordable vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $3,490 |
| Honda Accord LX 4-Dr Sedan | $3,500 |
| Honda CR-V LX 4WD | $3,490 |
| Toyota Prius | $3,768 |
| Dodge Grand Caravan SE | $3,924 |
| Ford Edge SEL AWD | $4,104 |
| Honda Odyssey EX W/Rear Entertainment | $4,114 |
| Chevrolet Impala LS | $4,104 |
| Nissan Altima 2.5 4-Dr Sedan | $4,136 |
| Toyota RAV4 Limited 2WD | $4,143 |
| Chevrolet Equinox LT AWD | $4,136 |
| Toyota Tacoma Double Cab 4WD | $4,146 |
| Chevrolet Malibu Hybrid | $4,136 |
| Jeep Grand Cherokee Laredo 2WD | $4,142 |
| Ford Explorer Limited AWD | $4,170 |
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Data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location which can modify premiums significantly.
Based upon the rates shown, we can conclude that vehicles like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius are going to be a few of the cheapest vehicles to insure for a learners permit. The price for an auto insurance policy will be higher anyway because there is more claim exposure for a school permit, but generally speaking those vehicles will have the lowest prices compared to other vehicles.
Lincoln car insurance companies
Ending up with a high-quality car insurance company can be a challenge considering how many choices there are in Nebraska. The information below may help you choose which car insurance companies to look at when shopping insurance around for a school permit.
These ratings are only made up of companies that insure vehicles across America, so smaller companies will not be included in this list. To compare rates from the most competitive companies in Nebraska, just click here.
| 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
Liability-only versus full coverage
Lowering the price of car insurance is probably important to the majority of people, and one of the quickest ways to find cheaper insurance for a school permit is to buy only liability coverage. The information below shows the difference between yearly insurance costs when comparing full coverage to liability only. The costs are based on no accidents, no driving violations, $100 deductibles, drivers are single, and no additional discounts are factored in.
If we average the cost for all age groups, full coverage costs an additional $2,305 per year more than just buying liability insurance. At some point, about every driver wonders if it’s worth it to buy full coverage. There is no specific rule for excluding full coverage, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
There are some circumstances where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Discounts on Lincoln auto insurance rates
Auto insurance companies that offer cheap quotes for a school permit may also offer discounts that can reduce rates by as much as 35% if you can meet the requirements. The best car insurance companies and some of their more popular discounts are outlined below.
- Esurance may include discounts for online quote, paid-in-full, online shopper, multi-car, good driver, safety device, and good student.
- The Hartford includes discounts for driver training, good student, anti-theft, air bag, defensive driver, and bundle.
- AAA offers premium reductions for pay-in-full, good student, education and occupation, good driver, AAA membership discount, and anti-theft.
- GEICO offers discounts including defensive driver, anti-lock brakes, membership and employees, air bags, military active duty, daytime running lights, and anti-theft.
- State Farm may have discounts that include driver’s education, accident-free, safe vehicle, defensive driving training, good student, and Steer Clear safe driver discount.
The information below shows the comparison of annual premium costs with and without discounts applied to the policy rates. Data assumes a male driver, no claims, a clean driving record, Nebraska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with continuous coverage, passive restraint, vehicle safety, anti-theft, paid-in-full, and paperless filing discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for a school permit is 28% or $467.
Why it’s important to shop around
Lincoln car insurance rates are impacted by many factors that control your annual premium. Simply having a birthday, getting divorced, or getting a ticket for running a stop sign can cause premium changes that can now make some companies cheaper than others.
Not only may things change on your end, but insurance companies file new rates as often as every three months to ensure their profitability. Heavier than normal losses can cause more expensive prices, while profitable underwriting can result in cheaper Lincoln car insurance rates.
The chart below shows rates for the cheapest car insurance in Lincoln, NE for a 30-year-old female driver with no accidents or violations, and good credit. Based on her current rating profile, Safeco quotes the most affordable car insurance rates in Lincoln at $804 a year. This is $512 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also make the list of the most affordable Lincoln, NE auto insurance companies.
In the next rate comparison, we’ll give the driver from above a chargeable accident, less-than-perfect credit, and a speeding citation. Due to the fact that every auto insurer uses their own method for determining prices, analyzing rate quotes will most likely result in a different ranking of the cheapest Lincoln car insurance companies as shown below.
Nationwide now has the best auto insurance rate in Lincoln with American National, State Farm, General Casualty, and USAA completing the list. This illustrates why consumers need to take the time to take the time to shop around when trying to find affordable car insurance quotes for a school permit. Prices can be determined by many different factors and change substantially, so the best price three years ago may now be costing you a lot of money.