The words “economical” and “insurance” probably shouldn’t be used in the same sentence, in particular when you are looking for the best insurance rates for 4×4 vehicles. Let’s open your eyes to a few of the factors that have a considerable impact on insurance prices, and find some ways to lower the cost of the next policy you buy.
The car, truck, or SUV that needs insurance is one of the largest considerations when quoting the best cheap insurance for 4×4 vehicles. Vehicles with lower acceleration and performance, modern passenger safety features, or a low likelihood of liability claims will cost significantly less to insure than high performance models.
The data below showcases insurance costs for the most budget-friendly automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$794|
|Ford Edge SE 2WD||$854|
|Honda Odyssey EX W/Rear Entertainment||$902|
|Toyota RAV4 Sport 4WD||$920|
|Chevrolet Malibu Hybrid||$925|
|Ford Focus SEL 4-Dr Sedan||$950|
|Ford Escape Limited 4WD||$966|
|Hyundai Elantra SE Touring Station Wagon||$973|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$978|
|GMC Sierra SLT Extended Cab 2WD||$984|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$992|
|Jeep Grand Cherokee SRT-8 4WD||$984|
|Toyota Corolla XRS||$994|
|Chevrolet Silverado LS Extended Cab 2WD||$986|
|Toyota Tacoma 4WD||$998|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,002|
|Ford F-350 XL Crew Cab Cabela Package 2WD||$1,012|
|Nissan Rogue SL AWD||$1,034|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,038|
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Information does not factor in Lincoln, NE location which can change premium rates substantially.
Based upon these rates, we can assume that cars like the Honda CR-V, Ford Edge, Toyota Prius, and Honda Odyssey are most likely to be some of the cheapest vehicles to insure for off-road vehicles.
One of the many things that determine the annual cost of car insurance is where you call home. More populated areas tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims can boast about having cheaper rates.
The table below shows the most expensive cities in Nebraska for 4×4 vehicles to buy auto insurance in. Lincoln makes the list at #23 with the yearly price of $1,106 for the average insured, which is approximately $92 per month.
|7||South Sioux City||$1,264|
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Price information shown is comparative as zip code location can raise or lower auto insurance rates significantly.
Trying to buy low-priced car insurance is challenging, and determining which company quotes the lowest-priced auto insurance rates for 4×4 vehicles requires even more rate comparisons. Every auto insurer has their own guidelines to determine premium rates, so first let’s look at the rankings for the most competitive auto insurance companies in Lincoln.
Find the Cheapest Auto Insurance for 4×4’s
|Rank||Company||Cost Per Year|
|5||Farm Bureau Mutual||$990|
|7||Farmers Mutual of Nebraska||$1,019|
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Safeco quotes some of the most affordable car insurance rates in Lincoln at around $804 per year. This is $512 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also are some of the more affordable Lincoln, NE auto insurance companies.
In the rate table above, if you currently buy coverage from Allied and switched to Safeco, you might see annual savings of approximately $135. Nebraska drivers with Farm Bureau Mutual might save as much as $186 a year, and Nationwide customers might lower prices by $203 a year.
It’s important to note that these policy rates are averaged for all drivers and vehicles in Nebraska and do not take into consideration a specific zip code for 4×4 vehicles. So the auto insurance company that fits your age and vehicle best may not even be in the top 24 companies shown above. That emphasizes why you need to compare prices as often as possible using your own driver information and specific vehicle type.
The information below shows how choosing a deductible can influence annual premium costs when searching for cheap insurance for 4×4 vehicles. The data assumes a married female driver, comp and collision included, and no discounts are factored in.
The chart above illustrates that a 30-year-old driver could cut expenses by $236 a year by increasing from a $100 deductible to a $500 deductible, or save $358 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, can save as much as $508 annually by using higher deductibles when buying full coverage.
When choosing a higher deductible, it is important to have enough in a savings account to satisfy the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
How to get discounts on Lincoln insurance
Insurance companies that offer cheap quotes for 4×4 vehicles may provide rate discounts that may potentially lower prices by 30% or more if you qualify. The best auto insurance companies and the discounts they provide are:
- Progressive policyholders can earn discounts including multi-vehicle, homeowner, good student, online quote discount, and continuous coverage.
- AAA has savings for good student, good driver, multi-policy, anti-theft, education and occupation, pay-in-full, and multi-car.
- Farmers Insurance offers discounts for mature driver, alternative fuel, business and professional, good student, youthful driver, and switch companies.
- GEICO may offer discounts for anti-theft, membership and employees, seat belt use, multi-policy, daytime running lights, and driver training.
- Esurance offers discounts including anti-theft, good student, safety device, Switch & Save, and claim free.
- SAFECO offers premium reductions for safe driver, accident prevention training, teen safe driver, homeowner, multi-car, and drive less.
- State Farm may have discounts that include multiple autos, good driver, Steer Clear safe driver discount, accident-free, multiple policy, anti-theft, and defensive driving training.
The information below illustrates the difference between car insurance rates with and without some available policy discounts. The costs are based on a female 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 price with no discounts. The second bar shows the rates with multiple vehicle, anti-theft, multiple policy, homeowner, claim-free, and passive restraint discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for 4×4 vehicles is 28% or $501.
Liability-only versus full coverage
Saving on auto insurance is important to the majority of drivers, and a great way to find cheap insurance for 4×4 vehicles is to only buy liability insurance. The example below illustrates the comparison of insurance costs with full coverage compared to only the Nebraska minimum liability coverage. The data assumes no claims or driving violations, $500 deductibles, single status, and no other discounts are factored in.
As an average, full coverage costs $1,889 per year more than just insuring for liability. Many drivers will wonder when is it a good idea to stop buying full coverage. There is no specific rule to drop full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying the physical damage deductible. If you are paying in excess of $700 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
Why you should be comparing rates
Lincoln, NE auto insurance rates are determined by lots of factors which can substantially change the cost of a policy. Simply having a birthday, moving across town, or having an accident can trigger rate changes that can now make some companies cheaper in comparison to the competition. Additionally, insurance companies change rates every year or even multiple times each year as an adjustment for underwriting gains or losses. Larger than normal claims may result in additional premium costs, while a better claims history may cause cheaper Lincoln car insurance rates.
The graph below compares the cheapest car insurance in Lincoln, NE for a 45-year-old female driver with no accidents or violations, and solid credit. When comparing rates based on her personal risk profile, Safeco might offer the most affordable car insurance rates in Lincoln at $780 annually. This is $536 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska are the rest of the cheapest Lincoln, NE auto insurance companies.
Let’s now give the driver from the first rate comparison an accident claim, bad credit, and a couple of points charged on her driving record. Since each auto insurance company has a proprietary method to set their prices, comparing rates could result in a substantially altered list of affordable companies as shown below.
Nationwide now has the cheapest car insurance in Lincoln with State Farm, American National, General Casualty, and USAA also having competitive pricing. This example illustrates why drivers need to compare as many rates as possible to find the best auto insurance quotes for 4×4 vehicles.
Auto insurance prices can be altered by many different factors and can change without notice, so the best option three years ago may now be an over-priced policy.