What Auto Insurance is Cheapest for Teachers in Lincoln?

Wouldn’t it be so easy if we could just give you the name of the one best company that has the best insurance prices for teachers? It’s not quite that easy, unfortunately, as there are a whole bunch of unknowns like the performance level of your vehicle, what physical damage coverage deductibles you want, and the area where you live, that all factor into the price you pay. This article goes into detail about the best ways to avoid high prices and will hopefully give the reader some help in finding cheaper rates.

The make and model of vehicle requiring coverage is a large factor when comparing low-cost insurance for teachers. Vehicles with lots of speed or power, poor safety ratings, or a high likelihood of having liability claims will cost substantially more to insure than more economical and safe models. The information below ranks insurance prices for the most economical vehicles to insure.

Cheapest Vehicles to Insure in Lincoln, NE
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 4WD $860
Ford Escape XLT 4WD $880
Ford Edge SEL AWD $916
Honda Odyssey EX W/Rear Entertainment $923
Chevrolet Malibu LS $934
Toyota RAV4 Limited 4WD $943
Volkswagen Jetta LE 4-Dr Sedan $934
Toyota Tacoma Double Cab TRD Sport Package 4WD $950
Toyota Prius $956
Chevrolet Equinox LTZ AWD $1,000
Kia Optima LX $1,005
Toyota Camry LE $1,020
Ford Explorer Eddie Bauer AWD $1,040
Ford Focus SES 2-Dr Coupe $1,050
Chevrolet Silverado LS Regular Cab 2WD $1,054
Chevrolet Silverado 2500HD LT Crew Cab Diesel 4WD $1,068
GMC Sierra SLT Crew Cab 4WD $1,078
Dodge Grand Caravan Crew $1,076
Chevrolet Impala LTZ $1,082
Hyundai Elantra SE 4-Dr Sedan $1,076
Nissan Rogue SL 2WD $1,090
Jeep Grand Cherokee Limited 2WD $1,096
Toyota Corolla LE $1,100
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate quotes do not factor in garaging location in Lincoln, NE which can change auto insurance rates considerably.

Based upon the table data, we can tell that models like the Honda CR-V, Ford Escape, Ford Edge, Honda Odyssey, and Chevrolet Malibu will be the cheaper vehicles to insure for teachers and educators.

For teachers and educators, one of the more important factors that aid in calculating auto insurance rates is where you normally keep your vehicle. Areas with more people or higher crime rates tend to pay more, whereas less populated areas receive better rates.

The following table shows the most expensive places in Nebraska for teachers to purchase car insurance in. Lincoln makes the list at #24 costing $1,073 for car insurance, which is around $89 per month.

How much is car insurance in Lincoln?
Rank City Annual Premium
1 Scottsbluff $1,360
2 Gering $1,317
3 South Sioux City $1,303
4 Alliance $1,300
5 McCook $1,292
6 Lexington $1,277
7 Omaha $1,257
8 North Platte $1,250
9 Crete $1,246
10 Blair $1,224
11 Kearney $1,224
12 Beatrice $1,222
13 Seward $1,215
14 Nebraska City $1,188
15 Bellevue $1,179
16 Norfolk $1,159
17 Hastings $1,158
18 York $1,156
19 Columbus $1,150
20 Fremont $1,131
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Premium costs are approximated as the vehicle garaging location can alter rates significantly.

Determining which company quotes the cheapest insurance rates for teachers will require a little more sweat than just comparing rates from one or two companies.

Each auto insurer has a unique approach for determining rates, so let’s take a look at the most competitive insurance companies in Lincoln.

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Cheapest Nebraska auto insurance companies
Rank Company Cost Per Year
1 Safeco $780
2 The Hartford $847
3 Auto-Owners $923
4 Allied $939
5 Farmers Mutual of Nebraska $989
6 Farm Bureau Mutual $990
7 Nationwide $1,007
8 State Farm $1,043
9 American National $1,054
10 General Casualty $1,114
11 USAA $1,116
12 California Casualty $1,257
13 American Family $1,258
14 MetLife $1,319
15 GEICO $1,322
16 EMC $1,340
17 Iowa Mutual $1,347
18 Progressive $1,445
19 Farmers $1,650
20 North Star $1,693
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Safeco generally has some of the best car insurance rates in Lincoln at around $780 each year. This is $536 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also rank well as some of the cheapest Lincoln, NE auto insurance companies.

In the above rates, if you currently have a policy with Allied and switched to The Hartford, you may see annual savings of upwards of $92. Customers with Farmers Mutual of Nebraska may save as much as $142 a year, and Farm Bureau Mutual customers might lower prices by $143 a year.

If you want to see how much you could save, click here or click through to the companies below.

It’s important to note that these premiums are averages across all ages of drivers and types of vehicles and and are not calculated with a specific location for teachers. So the insurer that has the lowest price for you may not even be in the top 24 companies shown above. That point stresses why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

Full coverage versus liability only rates

Reducing premiums for insurance is the goal of most drivers, and one of the fastest ways to find cheap insurance for teachers is to not buy comprehensive and collision coverage. The example below shows the difference between insurance prices with full coverage compared to only the Nebraska minimum liability coverage. The price estimates are based on a clean driving record, no claims, $250 deductibles, drivers are single, and no additional discounts are factored in.

On average, full coverage on your policy costs $1,745 per year more than insuring for liability only. That is a large expense which might make you wonder if it’s a good idea to buy full coverage. There is no set rule that is best for determining when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after the deductible is paid. If premium cost is more than $700 a year for full coverage, then you may need to consider dropping full coverage.

The diagram below highlights how deductible choice can impact insurance costs when quoting cheap insurance for teachers. Data assumes a single female driver, full physical damage coverage, and no discounts are applied.

The chart above illustrates that a 40-year-old driver could save $330 a year by increasing from a $100 deductible up to a $500 deductible, or save $500 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could lower their rates as much as $844 annually just by choosing larger deductibles. When using a larger deductible, it will now be necessary to have emergency funds available to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.

Careless driving habits raise Lincoln insurance rates

The easiest way to enjoy low insurance premiums in Nebraska for teachers and educators is to pay attention while driving and avoid traffic citations and accidents. The diagram below illustrates how violations and at-fault collisions influence car insurance rates for each different age category. The data assumes a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.

In the example above, the average cost of an auto insurance policy in Nebraska per year with no violations or accidents is $1,633. Add in two speeding tickets and the average cost rises to $2,251, an increase of $618 each year. Now add one accident along with the two speeding tickets and the yearly cost of insurance for teachers increases to an average of $2,876. That’s an increase of $1,243, or $104 per month, just for not being a responsible driver!