Who Has Cheap Auto Insurance Quotes for Retired Military in Lincoln?

The words “bargain” and “insurance” really don’t belong together, in particular when comparison shopping for the lowest insurance rates for retired military. Because of the high cost, let’s teach you a few of the factors that significantly impact auto insurance prices, and figure out some ways to take a little off the next policy you buy.

Finding out which companies offer the most affordable car insurance rates for retired military will require more time than just getting one or two price quotes. Every insurance provider has their own formula for determining prices, so let’s rank the most affordable car insurance companies in Nebraska.

Lowest Insurance Price Quotes for Vets

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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 Auto-Owners $905
4 Allied $949
5 Farm Bureau Mutual $980
6 Farmers Mutual of Nebraska $1,009
7 Nationwide $1,037
8 State Farm $1,075
9 General Casualty $1,081
10 American National $1,098
11 USAA $1,162
12 American Family $1,246
13 California Casualty $1,270
14 MetLife $1,280
15 EMC $1,300
16 Iowa Mutual $1,347
17 GEICO $1,362
18 Progressive $1,402
19 Farmers $1,634
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 premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual are also some of the best Lincoln, NE auto insurance companies.

In the above example, if you buy coverage from Farm Bureau Mutual and switched to The Hartford, you might achieve a yearly savings of in the vicinity of $133. Insureds with Farmers Mutual of Nebraska might save as much as $162 a year, and Nationwide customers might reduce rates by $190 a year.

Understand that those policy prices are averaged for all drivers and vehicles in Nebraska and do not take into consideration a specific location for retired military. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That point stresses why you need to get quotes using your own personalized driver profile and vehicle information.

The vehicle model driven is one of the main factors when comparing affordable insurance for retired military. Vehicles with high performance, a lack of safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.

The data below presents auto insurance premiums for some of the most affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Lincoln, NE
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $776
Ford Escape Limited 2WD $794
Hyundai Elantra SE Touring Station Wagon $966
Toyota Prius $984
GMC Sierra 2500HD SLE Crew Cab 4WD $992
Nissan Rogue S 2WD $986
Dodge Grand Caravan CV $998
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,044
Chevrolet Silverado LS Regular Cab 4WD $1,049
Kia Optima EX $1,050
Toyota RAV4 Limited 4WD $1,054
Chevrolet Equinox LT AWD $1,059
Volkswagen Jetta S 4-Dr Sedan $1,054
Chevrolet Malibu LS $1,061
Nissan Altima 2.5 4-Dr Sedan $1,054
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,072
Ford Explorer Eddie Bauer 4WD $1,080
Dodge Ram 2500 Crew Cab Laramie 2WD $1,098
Ford Edge SE AWD $1,104
Toyota Corolla LE $1,108
Chevrolet Silverado 2500HD LT Crew Cab Diesel 2WD $1,116
GMC Sierra 3500HD SLE Regular Cab 2WD $1,146
Ford F-150 Lariat King Ranch 4WD $1,156
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in specific location information which can change coverage rates considerably.

Looking at the numbers, you can expect cars like the Honda CR-V, Ford Escape, and Hyundai Elantra should be a few of the most economical vehicles to insure for veterans.

For veterans, one of the more important things that are looked at to determine the amount you pay each year for auto insurance is your address in Lincoln. Cities with larger populations are more likely to pay higher prices, whereas more rural areas tend to receive cheaper rates.

The illustration below sorts the most expensive places in Nebraska for retired military to buy an auto insurance policy in. Lincoln is ranked #24 costing $1,106 on average, which is about $92 per month.

How much is auto insurance in Lincoln, NE?
Rank City Annual Premium
1 Scottsbluff $1,320
2 McCook $1,318
3 Lexington $1,316
4 Gering $1,303
5 South Sioux City $1,303
6 North Platte $1,301
7 Alliance $1,300
8 Omaha $1,233
9 Kearney $1,224
10 Beatrice $1,222
11 Seward $1,215
12 Crete $1,198
13 Blair $1,188
14 Nebraska City $1,176
15 La Vista $1,162
16 Grand Island $1,158
17 York $1,156
18 Bellevue $1,155
19 Hastings $1,147
20 Norfolk $1,147
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Rate information is approximated as specific Lincoln garaging address can modify premiums greatly.

The diagram below highlights how deductible selection can raise or lower insurance costs when trying to find cheap insurance for retired military. The data assumes a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

The data above shows that a 30-year-old driver could pocket $312 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $468 by changing to a $1,000 deductible. Even younger drivers, such as the Age 20 example, have the ability to save as much as $950 annually by choosing a larger deductible amount. If you make the decision to raise deductibles, it’s a good idea to have spare funds to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Finding the best insurance company is hard considering how many companies provide coverage in Nebraska. The company ratings shown next may help you select which coverage providers to look at buying from.

The rankings below are for large nationwide companies, so smaller companies that only insure vehicles in Nebraska will not be included in the list. To compare prices from the most competitive companies in Nebraska, click this link.

Best Car Insurance Companies for Retired Military in Lincoln
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Insure.com Best Car Insurance Companies

Low rates can quickly become overpriced

Lincoln car insurance rates are based on many factors that may substantially change the cost of your policy. Simply having another birthday, getting divorced, or having a fender bender can trigger rate changes that can now make some companies cheaper in comparison to the competition. And not only may your rating factors change, but auto insurance companies modify pricing multiple times each year to adjust for gains or losses. Higher than normal claims may cause price increases, while profitable underwriting can cause lower-cost Lincoln car insurance rates.

As an example, the bar chart below analyzes the cheapest car insurance in Lincoln, NE for a 30-year-old female driver with a clear driving record, no claims, and excellent credit. If we compare prices based on her current risk profile, Safeco may have the most affordable car insurance rates in Lincoln at $812 each year. This is $504 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual are the remaining cheapest Lincoln, NE auto insurance companies.

The chart below compares rates after we give the driver from the first set of rates a claim, poor credit, and a speeding ticket. Due to the fact that each insurance company has a proprietary formula to set their prices, comparing quotes could now result in a significantly different list of the cheapest car insurance companies in Lincoln as shown below.

Nationwide now has the best price on car insurance in Lincoln with State Farm, American National, General Casualty, and USAA completing the list. This illustrates why Lincoln drivers need to compare many different companies to find the most economical car insurance quotes for retired military.

Car insurance prices are impacted by many factors and change substantially, so the best price six months ago may now be one of the more expensive options.