For postal employees, one of the big things that are used to help calculate auto insurance rates is where you live in Lincoln. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The illustration below sorts the highest-priced areas in Nebraska for postal workers to purchase a policy in. Lincoln makes the list at #24 with the yearly price of $1,073 for the average insured, which is around $89 monthly.
|Rank||City||Premium Per Year|
|6||South Sioux City||$1,290|
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Annual rates are comparative as the garaging address in Lincoln can affect price quotes greatly.
The car, truck, or SUV requiring coverage is one of the main factors that determines whether or not you can buy cheap auto insurance for postal workers. Vehicles with high performance, poor passenger safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer, lower-performance models.
The data below outlines coverage prices for a handful of the most cost-effective vehicles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Edge SE 2WD||$866|
|Ford Escape XLS 4WD||$888|
|Honda CR-V EX-L 4WD||$912|
|Chevrolet Equinox LT AWD||$934|
|Nissan Altima 2.5 4-Dr Sedan||$941|
|Toyota Camry XLE||$984|
|Hyundai Elantra GLS 4-Dr Sedan||$990|
|Ford Focus S 4-Dr Sedan||$1,000|
|Honda Odyssey EX||$1,007|
|Chevrolet Malibu LTZ||$1,000|
|Dodge Grand Caravan CV||$1,002|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$1,018|
|Toyota Tacoma Double Cab 4WD||$1,020|
|Ford Explorer Eddie Bauer AWD||$1,040|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,046|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$1,050|
|Toyota RAV4 Sport 4WD||$1,052|
|Chevrolet Impala LT||$1,060|
|Volkswagen Jetta LE 4-Dr Sedan||$1,052|
|Honda Civic LX 4-Dr Sedan||$1,056|
|Nissan Rogue SL 2WD||$1,090|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$1,096|
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in zip code location which can revise premiums significantly.
Looking at the numbers, models like the Ford Edge, Ford Escape, and Honda CR-V are a few of the cheapest vehicles to insure for postal employees.
The chart below demonstrates how deductibles can raise or lower insurance prices when trying to find cheap insurance for postal workers. The costs are based on a married male driver, full physical damage coverage, and no policy discounts are applied.
A 40-year-old driver could cut expenses by $210 a year by increasing from a $100 deductible to a $500 deductible, or save $316 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old example, could possibly save up to $694 each year by choosing a higher deductible.
If you do decide to increase your deductibles, it is a good idea to have enough in a savings account to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Should you buy full coverage?
Saving money on car insurance is the goal of the majority of drivers, and one way to reduce the cost of insurance for postal workers is to buy liability only. The information below visualizes the comparison of auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nebraska. The information is based on no violations or claims, $500 deductibles, drivers are single, and no policy discounts are applied.
Averaged out for all age groups, physical damage coverage costs $1,919 per year more than just buying liability only. Lot’s of drivers question if you should buy full coverage at all. There is no set rule of when to eliminate full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s book value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $11,000 after you pay the deductible. If it’s costing in excess of $1,100 annually for your policy with full coverage, then it might be time to buy liability only.
There are some situations where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Illustration showing the impact of accidents and violations
A great way to maintain the best car insurance rates in Nebraska for postal employees is to be an attentive driver and have a clean driving record. The example below demonstrates how speeding tickets and at-fault fender-benders can increase premium costs for different insured age categories. The costs are based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.
The data above shows the average cost of an auto insurance policy in Nebraska per year with no accidents and a clean driving record is $1,745. Receive one speeding ticket and the average cost surges to $1,964, an increase of $219 each year. Next add one accident along with the one speeding ticket and the yearly cost of car insurance for postal workers goes up to an average of $2,581. That’s an increase of $836, or $70 per month, just for not paying attention while driving!
The agents shown below are willing to help you determine which policy is best, since some drivers have questions and prefer to have some advice when comparing insurance rates for postal workers. It can be complicated to find the best coverage on your own, and getting professional guidance from a licensed agent can give comfort knowing your policy gives you adequate coverage if you have an accident or claim. To find a Lincoln insurance agent using an interactive map, click the button link following the list or click here to get price quotes now.
John Curry – State Farm Insurance Agent
4640 Champlain Dr #121 – Lincoln, NE 68521 – (402) 477-8383
Stuchlik and Associates Insurance
130 Cherry Hill Blvd – Lincoln, NE 68510 – (402) 489-8990
Shelter Insurance – Reed Devall
1419 N Cotner Blvd – Lincoln, NE 68505 – (402) 464-9300
How to find the cheapest car insurance for postal workers
It’s not impossible to find cheaper rates, and here are some of the better thrifty suggestions that can help Nebraska drivers locate more affordable auto insurance.
- Try paying for small claims out-of-pocket
- Raise physical damage deductibles
- Maintaining good credit helps earn cheaper rates
- Buying your home and auto policies from the same company can earn a discount
- Being accident-free can lower rates significantly
- Do not get traffic violations
- Keep rates low by shopping around frequently
The last idea is especially crucial, as was emphasized in this article. Car insurance rates fluctuate constantly, so don’t hesitate to buy a policy from a new company if a cheaper rate is available. Having a favorite company is great, but we do not recommend it if your bullheadedness ends up costing you a considerable chunk of change every month. Now is a great time to compare prices to find cheaper auto insurance for postal workers in Lincoln.