The make and model of vehicle on the policy is a significant factor when comparing the best cheap coverage for drivers with good credit. Vehicles with lower performance, a plethora of safety features, or a track record of few liability claims will cost substantially less to insure than higher performance models. The list below estimates insurance prices for the cheapest vehicles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX-L 4-Dr Sedan||$856|
|Honda CR-V EX-L 2WD||$912|
|Ford Edge SE AWD||$916|
|GMC Sierra SLE Regular Cab 2WD||$934|
|Ford F-150 Lariat Super Cab 4WD||$950|
|Chevrolet Malibu LT||$958|
|Ford Escape Limited 4WD||$962|
|Hyundai Elantra SE 4-Dr Sedan||$984|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,000|
|Ford Explorer Eddie Bauer 2WD||$1,002|
|Jeep Grand Cherokee Laredo 4WD||$1,020|
|Chevrolet Impala LT||$1,025|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$1,028|
|Dodge Grand Caravan SXT||$1,040|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,045|
|Hyundai Sonata SE 4-Dr Sedan||$1,050|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$1,059|
|Chevrolet Equinox LS 2WD||$1,052|
|Toyota RAV4 Sport 2WD||$1,057|
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Prices do not factor in specific zip code location which can lower or raise prices significantly.
Based upon these rates, you can see that cars like the Honda Accord, Honda CR-V, Ford Edge, GMC Sierra, and Ford F-150 are likely to be a few of the more affordable vehicles to insure for financially responsible drivers.
For financially responsible drivers, one of the largest considerations that aid in calculating the annual cost of car insurance is your address in Lincoln. Areas with more people or even just a higher incidence of claims tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The table below shows the priciest cities in Nebraska for drivers with good credit to buy auto insurance in. Lincoln is ranked #24 having an annual price of $1,073 for coverage, which is around $89 each month.
|7||South Sioux City||$1,251|
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Price information shown is approximated as the specific area where the vehicle is garaged can impact coverage prices substantially.
Types of discounts on Lincoln car insurance
Insurance providers that provide coverage for drivers with good credit may also give you premium discounts that may potentially lower prices by 25% or more if you meet specific criteria. A list of auto insurance companies and a selection of discounts are:
- State Farm has savings for anti-theft, accident-free, safe vehicle, defensive driving training, student away at school, driver’s education, and multiple autos.
- Farmers Insurance offers discounts including homeowner, multi-car, pay in full, early shopping, distant student, business and professional, and alternative fuel.
- Progressive offers premium reductions for good student, continuous coverage, homeowner, multi-policy, and multi-vehicle.
- GEICO may offer discounts for driver training, seat belt use, good student, daytime running lights, anti-theft, membership and employees, and multi-policy.
- Auto-Owners Insurance may have discounts that include paid in full, paperless, group or association, student away at school, anti-lock brakes, and anti-theft.
- The Hartford has discounts for anti-theft, bundle, good student, vehicle fuel type, driver training, defensive driver, and air bag.
- Farm Bureau may include discounts for driver training, 55 and retired, safe driver, multi-vehicle, and multi-policy.
- USAA includes discounts for multi-policy, safe driver, good student, military installation, and new vehicle.
The diagram below shows the comparison of insurance premiums with and without discounts applied to the policy rates. The premium estimates are based on a male driver, a clean driving record, no claims, Nebraska state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, accident-free, homeowner, multiple policy, defensive driving course, and claim-free discounts applied. When these discounts are applied, the average savings per year on auto insurance for drivers with good credit is 28% or $535.
The diagram below illustrates how your deductible choice can affect insurance costs when getting quotes for cheap insurance for drivers with good credit. The price estimates are based on a married male driver, full coverage, and no discounts are applied.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $210 a year by increasing from a $100 deductible to a $500 deductible, or save $316 by using a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could save up to $694 or more just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have emergency funds available to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Why you should be shopping around
Lincoln, NE auto insurance rates are impacted by many things that control the price of coverage. Simply improving your credit, getting married, or getting a couple of tickets may generate price changes that may make certain companies cheaper than competitors.
In addition, insurers file new Nebraska auto insurance rates as often as every three months to adjust for gains or losses. Unexpectedly high claims can result in higher rates, while profitable underwriting may produce cheaper Lincoln car insurance rates.
As an example, the bar chart below shows which company has the cheapest car insurance in Lincoln, NE for a 35-year-old female driver with a clean driving record, no accidents, and good financial standing. If we estimate prices based on her current situation, Safeco may have the best car insurance rates in Lincoln at $780 a year. This is $536 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also make the list of the best Lincoln, NE auto insurance companies.
The example below compares rates after we give the driver from the first set of rates a chargeable accident, a lower credit rating, and a traffic ticket or two. Because every insurance company has their own guidelines to determine rates, comparing prices may now result in a different ranking of cheap Lincoln auto insurance companies as shown below.
Nationwide now has the lowest price in Lincoln with State Farm, American National, General Casualty, and USAA also having competitive pricing. This demonstrates why Nebraska drivers need to spend some time comparing rates when trying to get the cheapest auto insurance quotes for drivers with good credit.
Car insurance prices are made up of many things and change frequently, so the best company when you last compared rates may now be priced much higher than other options.
If you wish to have professional advice when trying to find the best insurance rates for drivers with good credit, the agencies below are willing to aid you in deciding which coverages are best.
To find a Lincoln insurance agency using an interactive map, click the button following the list.
State Farm® insurance – Dean R Hoy
3883 Normal Blvd – Lincoln, NE 68506 – (402) 489-7171
Gale Breed – State Farm Insurance Agent
8421 Amber Hill Ct #1 – Lincoln, NE 68526 – (402) 483-2802
Allstate Insurance: Mitchell Happ
6100 S 58th St e – Lincoln, NE 68516 – (402) 420-5590
Midwest Insurance Group
4333 S 48th St – Lincoln, NE 68516 – (402) 489-9595
3325 A St – Lincoln, NE 68510 – (402) 434-0480
Ideas to find low-cost car insurance for drivers with good credit
The list below summarizes some of the better money-saving ideas that can help Nebraska drivers buy lower-cost auto insurance.
- Good credit scores may make rates cheaper
- Raise your physical damage coverage deductibles
- Drop full coverage on older vehicles
- Insure your home and auto with the same company
- Having too many claims will increase rates substantially
- Buy vehicles with five-star safety ratings
- Compare rates regularly to ensure the best deal
That last tip is particularly valuable, as was stressed in the article above. Car insurance prices in Lincoln can be changed at any time, so drivers shouldn’t be resistant to buy a different policy if a lower price can be found.
Being loyal to a particular company is commendable, but it’s not recommended if it’s costing you money that could be going to better use. In just a few minutes you could compare prices to find cheaper insurance for drivers with good credit.