Deciphering which company has the most affordable car insurance rates for high mileage drivers will require more time in order to find the lowest price.
Each insurer has their own process for filing rates in each state, so to begin we’ll rank the most affordable car insurance companies in Lincoln. It’s important that you understand Lincoln car insurance rates are determined by lots of factors which can substantially change the price you have to pay for coverage. Improving your credit rating, moving to a different location, or getting a driving violation can trigger price changes resulting in some companies being cheaper than others.
Cheapest Insurance Rates in Nebraska
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $788 |
| 2 | The Hartford | $873 |
| 3 | Auto-Owners | $896 |
| 4 | Allied | $939 |
| 5 | Farmers Mutual of Nebraska | $1,009 |
| 6 | Farm Bureau Mutual | $1,020 |
| 7 | Nationwide | $1,027 |
| 8 | American National | $1,054 |
| 9 | State Farm | $1,075 |
| 10 | General Casualty | $1,092 |
| 11 | USAA | $1,162 |
| 12 | American Family | $1,246 |
| 13 | MetLife | $1,280 |
| 14 | Iowa Mutual | $1,295 |
| 15 | California Casualty | $1,309 |
| 16 | EMC | $1,314 |
| 17 | GEICO | $1,348 |
| 18 | Progressive | $1,402 |
| 19 | Farmers | $1,586 |
| 20 | North Star | $1,693 |
| Get Personalized Rates Go | ||
Safeco normally has some of the most affordable car insurance rates in Lincoln at around $788 annually. This is $528 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also qualify as some of the cheapest Lincoln, NE car insurance companies.
As shown in the table above, if you have coverage with Allied and switched to Safeco, you might realize an annual premium reduction of upwards of $151. Nebraska drivers with Farmers Mutual of Nebraska might save as much as $221 a year, and Farm Bureau Mutual policyholders might see rate reductions of $232 a year.
To get a quick, customized rate comparison, click here to start your custom quote or visit any of the companies below.
Bear in mind that those policy prices are averages across all types of drivers and the different vehicles they drive and do not take into consideration a specific zip code for high mileage drivers. So the insurer that fits your age and vehicle best may not even be in the list above. That affirms the importance of why you need to compare rates from multiple companies using your own individual information.
The make and model of vehicle needing coverage is probably the most important factor when consumers are trying to find the best insurance for high mileage drivers. Vehicles with economical engines, a plethora of safety features, or a positive history of liability claims will cost substantially less to insure than adrenaline junky models.
The information below presents auto insurance premiums for a handful of the most cost-effective automobiles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $788 |
| Ford Escape XLS 2WD | $797 |
| Ford F-150 XL Super Cab 2WD | $866 |
| Toyota Prius | $872 |
| Ford Explorer XLT 4WD | $884 |
| Chevrolet Impala LS | $916 |
| Chevrolet Equinox LS AWD | $934 |
| Toyota Camry LE | $944 |
| Ford Focus SEL 4-Dr Sedan | $966 |
| Honda Odyssey LX | $978 |
| Ford Edge Limited AWD | $984 |
| Dodge Grand Caravan CV | $1,002 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $1,010 |
| Toyota RAV4 Sport 4WD | $1,020 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,040 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,045 |
| Hyundai Sonata SE 4-Dr Sedan | $1,050 |
| Nissan Rogue SL AWD | $1,059 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,056 |
| Chevrolet Malibu LT | $1,076 |
| Toyota Corolla LE | $1,084 |
| Chevrolet Silverado LT Regular Cab | $1,090 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,096 |
| Get a Custom Quote Go | |
Prices 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-policy, claim-free, multi-vehicle, and safe-driver. Prices do not factor in vehicle location which can alter price quotes considerably.
By looking at the data, you can see that vehicles like the Honda CR-V, Ford Escape, Ford F-150, Toyota Prius, and Ford Explorer will be the most affordable vehicles to insure for high mileage drivers.
Cost difference between full coverage and liability
Saving money when shopping for car insurance is the goal of most people, and one good way to find cheaper insurance for high mileage drivers is to only buy liability coverage. The illustration below shows the difference between car insurance rates with full coverage and liability only. The information is based on no claims, a clean driving record, $100 deductibles, single status, and no other discounts are factored in.
If the expense is averaged for all age categories, physical damage insurance costs $2,345 per year more than just buying liability insurance. Lot’s of drivers question if it’s worth it to buy full coverage. There is no definitive rule for dropping physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is about 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 book value is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,500 after paying your deductible. If you are paying more than $450 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
Types of discounts on Lincoln auto insurance rates
Auto insurance companies that offer coverage for high mileage drivers may also offer special discounts that could potentially reduce rates by as much as 30% if you are eligible. A list of companies and their offered discounts are detailed below.
- Progressive discounts include online quote discount, good student, online signing, homeowner, multi-policy, multi-vehicle, and continuous coverage.
- The Hartford has discounts for defensive driver, driver training, good student, anti-theft, vehicle fuel type, bundle, and air bag.
- Mercury Insurance offers premium reductions for good student, multi-car, age of vehicle, location of vehicle, good driver, and annual mileage.
- GEICO may offer discounts for anti-theft, air bags, military active duty, driver training, and defensive driver.
- AAA offers discounts for good driver, pay-in-full, multi-policy, good student, anti-theft, and AAA membership discount.
- State Farm includes discounts for anti-theft, Drive Safe & Save, multiple policy, driver’s education, and safe vehicle.
The chart below visualizes the comparison of auto insurance rates with and without discounts applied to the policy rates. The price estimates are based on a female driver, a clean driving record, no at-fault accidents, Nebraska state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, multiple vehicle, defensive driving course, anti-theft, homeowner, and safe-driver discounts applied. When taking advantage of discounts, theaverage amount saved on car insurance for high mileage drivers is 28% or $372.
Impact of speeding/accidents on Lincoln car insurance rates
The easiest way to obtain the most affordable car insurance prices in Lincoln for high mileage drivers is to be a safe driver and avoid at-fault accidents and violations. The diagram below shows how violations and at-fault collisions increase car insurance costs for different age groups. The premium estimates are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of an auto insurance policy in Nebraska per year with a clean driving record and no accidents is $1,263. Receive one speeding ticket and the average cost swells to $1,425, an increase of $163 each year. Now add one accident along with the one speeding ticket and the 12-month cost of car insurance for high mileage drivers increases to an average of $1,870. That’s an increase of $608, or $51 per month, just for not driving attentively!
The Lincoln car insurance agencies listed below can provide answers to your questions and help you determine which coverages are best, as many consumers aren’t sure which coverage to buy and prefer to get help from a professional when comparing insurance rates for high mileage drivers. It’s not always simple to find the best coverage on your own, so agents can bring peace of mind knowing you have adequate asset protection. To find a Lincoln insurance agent nearest to you, click the link after the list.
- John Curry – State Farm Insurance Agent
4640 Champlain Dr #121 – Lincoln, NE 68521 – (402) 477-8383 - Farley-Wolf Agency
7800 O St #103 – Lincoln, NE 68510 – (402) 483-1350 - Brokers Insurance
3325 A St – Lincoln, NE 68510 – (402) 434-0480 - AMS Insurance Center
120 S 29th St – Lincoln, NE 68510 – (402) 476-3599