Deciding which companies have the lowest-priced car insurance rates for college graduates will take a little more work than just comparing a company or two. Every insurance company uses a slightly different approach for determining rates in each state, so we will examine the overall cheapest car insurance companies in Lincoln, NE.
It’s a good idea to know that Nebraska car insurance rates are influenced by many factors which can substantially decrease or increase the policy premium. Simply improving your credit, having a claim, or having an accident can trigger changes in premium resulting in some rates now being cheaper than others.
Find Cheaper Auto Insurance for Grads
Safeco normally has some of the cheapest car insurance rates in Lincoln at around $804 per year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also make the cut as some of the more affordable Lincoln, NE insurance companies.
As shown above, if you currently buy coverage from Auto-Owners and switched to Safeco, you may realize a yearly price reduction of in the neighborhood of $119. Policyholders with Allied might save as much as $145 a year, and Farm Bureau Mutual insureds might realize rate reductions of up to $176 a year.
To get a fast rate comparison, click here to start your free quote or visit several of the following companies.
Understand that those estimates are averaged for all drivers and vehicles and and are not calculated with a specific vehicle garaging location for college graduates. So the company that is most affordable for your situation may not even be in the top 24 companies shown above. That helps illustrate why you need to compare rates from as many companies as possible using your own individual information.
The car, truck, or SUV on the policy is one of the main factors when quoting affordable coverage for college graduates. Vehicles with economical engines, a plethora of safety features, or a positive history of liability claims will cost substantially less to insure than high performance models.
The table below shows insurance premiums for a number of the most budget-friendly vehicles to insure in Nebraska.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $788 |
| Honda CR-V EX 2WD | $794 |
| Ford Escape Limited 2WD | $912 |
| Ford Edge SE AWD | $916 |
| Toyota RAV4 Sport 4WD | $934 |
| Toyota Camry LE | $941 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $950 |
| Toyota Prius | $956 |
| Ford F-150 XLT Super Cab 2WD | $964 |
| Ford Focus SES 4-Dr Sedan | $966 |
| Honda Odyssey EX-L W/Rear Entertainment | $984 |
| Chevrolet Impala LTZ | $991 |
| Jeep Grand Cherokee Limited 2WD | $1,000 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,006 |
| Dodge Grand Caravan SXT | $1,040 |
| Ford Explorer Limited 4WD | $1,046 |
| GMC Sierra SLE Crew Cab 2WD | $1,052 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,059 |
| Toyota Camry Hybrid | $1,066 |
| Ford Fusion SEL AWD 4-Dr Sedan | $1,068 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,076 |
| Toyota Corolla XLE | $1,084 |
| Nissan Rogue SL 2WD | $1,090 |
| Find Cheaper Rates Go | |
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in zip code location which can lower or raise coverage prices greatly.
Based upon the rates shown, cars like the Honda Accord, Honda CR-V, Ford Escape, Ford Edge, and Toyota RAV4 are going to be the most budget-friendly vehicles to insure for college grads.
One of the many considerations that are used to help calculate the amount you pay for auto insurance is where your car is garaged. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas less populated areas tend to receive slightly lower rates.
The table below ranks the most expensive cities in Nebraska for college graduates to buy an auto insurance policy in. Lincoln is listed at #24 with an annual premium of $1,073 for coverage, which is about $89 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gering | $1,343 |
| 2 | Alliance | $1,340 |
| 3 | Scottsbluff | $1,334 |
| 4 | South Sioux City | $1,303 |
| 5 | McCook | $1,279 |
| 6 | Lexington | $1,264 |
| 7 | North Platte | $1,250 |
| 8 | Blair | $1,236 |
| 9 | Beatrice | $1,235 |
| 10 | Crete | $1,234 |
| 11 | Omaha | $1,233 |
| 12 | Nebraska City | $1,224 |
| 13 | Seward | $1,191 |
| 14 | York | $1,191 |
| 15 | Bellevue | $1,190 |
| 16 | Kearney | $1,188 |
| 17 | Columbus | $1,185 |
| 18 | Hastings | $1,182 |
| 19 | Fremont | $1,166 |
| 20 | La Vista | $1,150 |
| Find Cheaper Insurance Go | ||
Annual rates are estimated as the vehicle garaging location can alter premiums noticeably.
Car insurance rates are higher with tickets and accidents
The best way to enjoy low car insurance premiums for college grads is to be a cautious driver and avoid tickets and accidents. The information below shows how violations and at-fault accidents influence insurance costs for different age categories. The rates are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.
The data charted above shows the average cost of car insurance per year with a clean driving record and no accidents is $1,770. Get two speeding tickets and the average cost jumps to $2,526, an increase of $756 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of car insurance for college graduates goes up to an average of $5,231. That’s an increase of $3,462, or $288 per month, just for not driving attentively!
The diagram below highlights how deductible selection can influence yearly insurance costs when trying to find cheap insurance for college graduates. Data assumes a married female driver, comp and collision included, and no discounts are factored in.
A 50-year-old driver could cut expenses by $284 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $430 by switching to a $1,000 deductible. Youthful drivers, such as the Age 20 example, can save $708 each year by choosing larger deductibles on their policy. When choosing a higher deductible, it will be necessary to have additional funds squirreled away to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Discount Lincoln car insurance
Car insurance companies that sell policies for college graduates may provide premium discounts that could reduce prices by as much as 35% or more if you qualify. Larger car insurance companies and their possible discounts include:
- State Farm has discounts for Steer Clear safe driver discount, passive restraint, multiple policy, anti-theft, Drive Safe & Save, accident-free, and multiple autos.
- GEICO may have discounts that include driver training, air bags, emergency military deployment, anti-lock brakes, and anti-theft.
- Allstate offers discounts including good student, good payer, FullPay discount, anti-lock brakes, resident student, and 55 and retired.
- SAFECO may include discounts for accident prevention training, teen safety rewards, homeowner, safe driver, and teen safe driver.
- Farm Bureau may offer discounts for renewal discount, driver training, multi-policy, multi-vehicle, and good student.
- Progressive policyholders can earn discounts including good student, homeowner, multi-policy, multi-vehicle, online signing, online quote discount, and continuous coverage.
- AAA offers discounts for pay-in-full, multi-policy, AAA membership discount, anti-theft, good driver, good student, and education and occupation.
The information below visualizes the comparison of auto insurance costs with and without discounts applied. The data assumes a female driver, no accidents or driving violations, Nebraska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with accident-free, anti-theft, vehicle safety, multiple vehicle, marriage, and defensive driving course discounts applied. When these discounts are applied to the policy premium, theamount saved on car insurance for college graduates is 28% or $605.