What Insurance is Cheapest for 18 Year Olds in Lincoln?

The words “low-cost” and “insurance” really should not be used together, specifically when you are searching for the lowest insurance rates for 18 year olds. Because it’s so expensive, let’s get started by showing you some of the factors that influence car insurance rates, and see if we can help you reduce the price of your next policy.

Establishing which companies quote the cheapest insurance rates for 18 year olds requires a bit more effort in order to find the lowest price. Each insurer has their own process for determining rates, so we need to take a look at the insurance companies with the overall best prices in Lincoln, NE.

Best Car Insurance Prices for Teens

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Rankings for the cheapest Nebraska auto insurance companies
Rank Company Cost Per Year
1 Safeco $788
2 The Hartford $873
3 Auto-Owners $896
4 Allied $939
5 Farm Bureau Mutual $990
6 Farmers Mutual of Nebraska $1,009
7 Nationwide $1,027
8 State Farm $1,043
9 American National $1,065
10 General Casualty $1,081
11 USAA $1,116
12 California Casualty $1,257
13 American Family $1,284
14 MetLife $1,293
15 EMC $1,300
16 GEICO $1,308
17 Iowa Mutual $1,347
18 Progressive $1,402
19 Farmers $1,650
20 North Star $1,693
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Safeco normally has some of the best car insurance rates in Lincoln at around $788 each year. This is $528 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual would also be considered some of the lowest-priced Lincoln, NE car insurance companies.

As shown above, if you currently buy coverage from Allied and switched to The Hartford, you might see a yearly price reduction of in the neighborhood of $66. Drivers with Farm Bureau Mutual may save as much as $117 a year, and Farmers Mutual of Nebraska customers might realize rate reductions of up to $136 a year.

Be aware that those estimates are averages across all drivers and vehicles and and are not calculated with a vehicle location for 18 year olds. So the company that fits your needs best may not even be in the top 24 companies shown above. That points out the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

One of the many criteria that are looked at to determine the annual cost of car insurance is where you live. Regions with larger populations or more claims are more likely to pay higher prices, whereas more rural areas benefit from having to pay less for coverage.

The illustration below ranks the most expensive areas in Nebraska for 18 year olds to purchase auto insurance in. Lincoln is ranked at #24 with an annual cost of $1,062 for the average policyholder, which is around $89 per month.

How much does auto insurance cost in Lincoln?
Rank City Annual Premium
1 Scottsbluff $1,374
2 Gering $1,357
3 Alliance $1,354
4 Lexington $1,316
5 North Platte $1,301
6 McCook $1,279
7 Beatrice $1,259
8 Omaha $1,257
9 South Sioux City $1,251
10 Crete $1,246
11 Kearney $1,236
12 Seward $1,215
13 Blair $1,188
14 Columbus $1,185
15 Hastings $1,182
16 York $1,180
17 Nebraska City $1,176
18 Bellevue $1,155
19 La Vista $1,150
20 Fremont $1,142
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Price information shown is approximated as specific location information can influence insurance rates significantly.

Choosing a high-quality insurance provider can be rather challenging considering how many companies there are in Lincoln. The rank data below can help you choose which auto insurance companies to look at comparing prices from.

The ratings below only include the largest auto insurers in America, so companies that focus mainly on Nebraska business will not be included in this list. To check rates from these companies and more, just click here.

Top 10 Large 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

Impact of careless driving on insurance rates

The ideal way to score affordable insurance premiums in Nebraska for teen drivers is to drive safely and avoid tickets and accidents. The illustration below demonstrates how citations and at-fault claims can impact auto insurance costs for different insured age categories. The information is based on a married female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

The chart shows that the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,092. Get two speeding tickets and the average cost increases to $1,544, an increase of $452 each year. Now include one accident along with the two speeding tickets and the 12-month cost of insurance for 18 year olds increases to an average of $1,998. That’s an increase of $906, or $75 per month, just for not being more responsible behind the wheel!

Rate comparison of full coverage and liability-only

Saving on insurance should be important to the majority of people, and one way to buy cheap insurance for 18 year olds is to not pay for full coverage. The illustration below compares car insurance rates when comparing full coverage to liability only. The premiums are based on no claims or driving violations, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

If we average all the age groups together, physical damage insurance costs $1,366 per year over liability only. Many drivers will wonder when is the right time to remove full coverage. There is no exact rule for excluding comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let’s assume your vehicle’s replacement value is $5,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $4,500 after the deductible is paid. If you are currently paying more than $450 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.