What Car Insurance is Cheapest for Drivers with Accidents in Lincoln?

One of the many criteria that are looked at to help calculate the price you pay for insurance is where you live. Larger areas will most likely have higher rates, whereas areas with less congestion tend to receive slightly lower rates.

The table below shows the highest-priced areas in Nebraska for drivers with accidents to purchase auto insurance in. Lincoln comes in at #24 with an annual cost of $1,062 for car insurance, which is around $89 each month.

How much does auto insurance cost in Lincoln?
Rank City Annual Rate
1 Scottsbluff $1,374
2 Gering $1,357
3 Alliance $1,340
4 McCook $1,292
5 South Sioux City $1,290
6 Lexington $1,277
7 North Platte $1,262
8 Beatrice $1,259
9 Omaha $1,257
10 Blair $1,236
11 Kearney $1,236
12 Nebraska City $1,212
13 Crete $1,210
14 Hastings $1,193
15 Seward $1,191
16 Columbus $1,185
17 York $1,156
18 La Vista $1,150
19 Norfolk $1,147
20 Bellevue $1,144
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Premium costs are comparative as the vehicle garaging location can impact rates substantially.

The make and model of vehicle requiring coverage is probably the biggest factor that determines whether or not you find cheap auto insurance for drivers with accidents. Vehicles with high performance engines, poor safety features, or a track record of large liability claims will cost significantly more to insure than more modest models. The next list outlines auto insurance rates for the most budget-friendly vehicles to insure.

Cheapest Vehicles to Insure in Lincoln, NE
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,880
Honda Accord LX-P 4-Dr Sedan $1,888
Ford Escape XLS 4WD $1,994
Ford F-150 XL Super Cab 4WD $2,110
Toyota Prius $2,140
GMC Sierra SLE Regular Cab 2WD $2,226
Chevrolet Malibu LS $2,231
Ford Fusion S 4-Dr Sedan $2,328
Toyota RAV4 4WD $2,336
Toyota Camry LE $2,328
Toyota Tacoma 2WD $2,330
Ford Edge SEL 2WD $2,337
Chevrolet Impala LTZ $2,342
Dodge Ram 3500 Crew Cab Laramie 2WD $2,354
Ford Explorer Limited 4WD $2,360
Dodge Grand Caravan Crew $2,354
Chevrolet Equinox LT 2WD $2,360
Chevrolet Silverado LT Extended Cab 2WD $2,406
Honda Civic LX 4-Dr Sedan $2,446
Hyundai Elantra Blue 4-Dr Sedan $2,451
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Data assumes single male driver age 50, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Rate information does not factor in your specific Lincoln, NE location which can change coverage rates noticeably.

Based upon these rates, cars like the Honda CR-V, Honda Accord, Ford Escape, and Ford F-150 are most likely going to be some of the most budget-friendly vehicles to insure for drivers with at-fault accidents. The price for car insurance will tend to be more expensive anyway because of the fact that there is more claim risk for drivers with accidents, but generally speaking those vehicles will most likely have the cheapest car insurance rates that you’ll find.

Deciphering which insurers offer the cheapest car insurance rates for drivers with accidents will take a bit more effort in order to find the best price.

Each auto insurance company has their own formula to set premium rates, so we need to take a look at the car insurance companies with the most affordable rates in Lincoln. We do need to point out that Lincoln, NE car insurance rates are calculated based on many things which can significantly increase or decrease the price you pay. Simply turning a year older, having a claim, or getting a couple of tickets may generate price changes resulting in some companies being cheaper than competitors.

Best Cheap Insurance Rates for Accident Prone Drivers

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Nebraska car insurance ranked by cost per year
Rank Company Cost Per Year
1 Safeco $780
2 The Hartford $847
3 Allied $911
4 Auto-Owners $923
5 Farm Bureau Mutual $990
6 Nationwide $997
7 Farmers Mutual of Nebraska $1,009
8 American National $1,054
9 State Farm $1,065
10 General Casualty $1,081
11 USAA $1,116
12 American Family $1,246
13 California Casualty $1,270
14 MetLife $1,280
15 Iowa Mutual $1,295
16 EMC $1,340
17 GEICO $1,362
18 Progressive $1,417
19 Farmers $1,650
20 North Star $1,693
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Safeco offers some of the cheapest car insurance rates in Lincoln at around $780 annually. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual would also make the list of some of the lowest-priced Lincoln, NE insurance companies.

As the rates illustrate above, if you have coverage with Allied and switched to Safeco, you could see an annual premium reduction of about $131. Nebraska drivers with Auto-Owners could save as much as $143 a year, and Farm Bureau Mutual customers might reduce rates by $210 a year.

To find the cheapest coverage for you, click here to start your custom quote or quote prices from the following companies.

Bear in mind that those premium estimates are averages for all types of insureds and vehicles and do not factor in a vehicle location for drivers with accidents. So the company that is most affordable for your situation may not even be in the top 24 companies in the list above. That illustrates why you need to quote rates from many companies using your own individual information.

Does it make sense to buy full coverage?

Finding the cheapest car insurance is the goal of the majority of people, and one great way to find cheap insurance for drivers with accidents is to buy only liability coverage. The example below illustrates the difference between insurance costs with and without full coverage. The rates are based on a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no other discounts are factored in.

If averaged out across all ages, comp and collision coverage costs $1,417 per year over and above liability coverage. That may make you wonder when is it safe to stop buying full coverage. There isn’t a written rule for phasing out physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s book value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,500 after you pay the deductible. If you are paying in excess of $450 annually for your policy with full coverage, then you might want to think about dropping full coverage.

Best car insurance in Lincoln

Picking the highest-rated car insurance provider can be a challenge considering how many choices drivers have in Nebraska. The company ratings shown below could help you choose which coverage providers you want to consider to insure your vehicles. The ratings below include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies will not be included in the list.

Top 10 Major Car 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

Top 10 Major Car 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

The information below highlights how deductible selection can influence insurance costs when researching cheap insurance for drivers with accidents. The data is based on a single male driver, full physical damage coverage, and no discounts are applied.

A 40-year-old driver could reduce rates by $244 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $370 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, could roll back prices as much as $808 annually by choosing a higher deductible.

If you do decide to increase your deductibles, it is essential to have enough in a savings account to be able to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Tips to find the cheapest insurance for drivers with accidents

The list below shows some of the recommended thrifty solutions that can help you buy cheaper car insurance.

The last tip in the list is highly valuable, as we noted in the prior article. Car insurance prices vary considerably, so drivers shouldn’t hesitate to change to a new company if a better rate can be found.

Many drivers have brand loyalty and that’s fine, but it’s not a great idea if that loyalty ends up costing potentially thousands of dollars a year. Take a few minutes and compare rates to find cheaper auto insurance for drivers with accidents in Lincoln.

The Lincoln car insurance agencies listed below can answer your questions and help you decide which coverages and limits you need, as some people prefer to get some professional input when comparing insurance rates for drivers with at-fault accidents. It can be challenging to find the best coverage on your own, so a licensed agent can provide peace of mind knowing you have suitable coverage if you have an accident. To find an auto insurance agency closest to you, click the button below the list or click here to compare price quotes.

American Family Insurance – Linde Matthiesen
245 S 84th St #117Lincoln, NE 68510(402) 489-7799

American Family Insurance – Tim Stewart Agency Inc.
5625 O St Ste 105Lincoln, NE 68510(402) 489-6211

Karen Williams – State Farm Insurance Agent
233 N 48th St oLincoln, NE 68504(402) 434-6050

American Family Insurance – James L. Brown Agency Inc
4500 Cornhusker Hwy Ste 1Lincoln, NE 68504(402) 465-0748

Solomon Halim – State Farm Insurance Agent
4007 S 48th StLincoln, NE 68506(402) 486-3839

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