Who Has the Cheapest Auto Insurance for Active Military in Lincoln?

The words “low-cost” and “auto insurance” probably shouldn’t be used in the same sentence, in particular when looking for the cheapest auto insurance for active military. To save some money, let’s start off by going over a few of the factors that help determine car insurance premiums, and find out if we can help you take the sting out of the next policy you buy.

For military personnel, one of the largest considerations that determine the amount you pay each year for auto insurance is the neighborhood you call home in Lincoln. More densely populated places tend to have higher rates, whereas areas with less crime or weather claims have the benefit of cheaper car insurance.

The table below ranks the most costly cities in Nebraska for active military to purchase auto insurance in. Lincoln makes the list at #24 with the annual price of $1,062 for the average insured, which is about $89 per month.

Car insurance prices in Lincoln
Rank City Annual Rate
1 Scottsbluff $1,374
2 Gering $1,343
3 Alliance $1,314
4 South Sioux City $1,303
5 McCook $1,279
6 Omaha $1,270
7 Lexington $1,264
8 Beatrice $1,259
9 North Platte $1,250
10 Kearney $1,224
11 Seward $1,215
12 Crete $1,198
13 Blair $1,188
14 Nebraska City $1,176
15 Bellevue $1,155
16 Hastings $1,147
17 York $1,145
18 Papillion $1,140
19 Columbus $1,139
20 Fremont $1,131
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Rate quotes are comparative as vehicle location can influence coverage prices noticeably.

Establishing which company quotes the cheapest car insurance rates for active military may require a little more work than just getting one or two price quotes. Each auto insurance company uses their own formula to determine rates, so let’s take a look at the most budget-friendly car insurance companies in Lincoln, NE.

We do need to point out that Lincoln car insurance rates are calculated based on many things that may substantially change the price of your policy. Simply getting older, adding a teenager to your policy, or having a fender bender can trigger changes in premium that can now make some companies affordable when they were higher priced.

Best Car Insurance Prices for Military

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Safeco normally has some of the cheapest car insurance rates in Lincoln at around $780 per year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also are some of the cheapest Lincoln, NE auto insurance companies.

As the example above demonstrates, if you are a policyholder with The Hartford and switched to Safeco, you might realize savings of in the vicinity of $93. Drivers with Auto-Owners could save as much as $152 a year, and Allied customers might lower prices by $159 a year.

These premium estimates are averages across all types of insureds and vehicles and do not factor in a specific location for active military. So the auto insurance company that can offer you the best price may not even be in the top 24 companies shown above. That underscores the importance of why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.

The vehicle that is being insured is probably the most important factor that determines whether or not you find the most economical car insurance for active military. Vehicles with reasonable performance levels, good crash test ratings, or a positive history of liability claims will cost less to insure than adrenaline junky models.

The list below shows coverage costs for a handful of the most cost-effective vehicles to buy insurance for.

Cheapest Vehicles to Insure in Lincoln, NE
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 4WD $806
Honda Accord LX-P 4-Dr Sedan $860
Toyota Prius $872
Honda CR-V EX-L 2WD $880
Ford Explorer XLT AWD $884
Toyota RAV4 Sport 4WD $934
Ford F-150 SVT Raptor Super Cab 4WD $950
Hyundai Elantra SE Touring Station Wagon $962
Ford Focus SES 4-Dr Sedan $966
Toyota Tacoma X-Runner 2WD $984
Toyota Corolla LE $993
GMC Sierra SLE Regular Cab 4WD $1,000
Ford Edge SEL AWD $1,006
Nissan Rogue SL 2WD $1,000
Jeep Wrangler Rubicon 4WD 2-Dr $1,002
Chevrolet Equinox LS AWD $1,020
Chevrolet Impala LS $1,028
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rate information does not factor in specific Lincoln, NE garaging location which can increase or decrease rates greatly.

By looking at the data, we can conclude that cars like the Ford Escape, Honda Accord, and Toyota Prius should be some of the most budget-friendly vehicles to insure for military personnel.

Safe drivers pay less for car insurance

A great way to maintain cheap car insurance premiums in Nebraska for military personnel is to drive safe and maintain a clean driving record. The illustration below highlights how traffic violations and accident claims drive up insurance prices for different age categories. The data assumes a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

The chart shows that the average cost of car insurance in Nebraska per year with no accidents and a clean driving record is $1,330. Get written up for two speeding tickets and the average cost increases to $1,891, an increase of $561 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of car insurance for active military increases to an average of $3,885. That’s an increase of $2,555, or $213 per month, just for being a little careless behind the wheel!

The information below highlights how deductible selection can impact insurance costs when trying to find cheap insurance for active military. The price estimates are based on a single male driver, full coverage, and no policy discounts are applied.

The chart above illustrates that a 30-year-old driver could save $278 a year by switching from a $100 deductible up to a $500 deductible, or save $418 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could drop their prices $808 each year by using a higher deductible. When raising deductibles, it is essential to have additional savings on hand to be able to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Low rates can quickly become overpriced

Lincoln, NE car insurance rates are calculated based on many things that may substantially change the policy premium. Turning one year older, buying a home instead of renting, or getting a DUI may cause policy rate changes that can now make some companies more affordable than others.

And not only may your rating factors change, but auto insurance companies modify rates every year or even multiple times each year in order to be able to pay unexpected claims. A period of higher than normal claims can result in higher priced premiums, while long-term profits may cause more affordable Lincoln car insurance rates.

As an example, the graph below compares the cheapest car insurance in Lincoln, NE for a 40-year-old male driver with no prior accidents, a clean driving record, and good financial standing. When comparing rates based on his current rating profile, Safeco has the lowest car insurance rates in Lincoln at $788 annually. This is $528 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual are the remainder of the most affordable Lincoln, NE auto insurance companies.

Let’s now give the driver from the first set of rates a chargeable accident, less-than-perfect credit, and an imperfect driving record. Due to the fact that each insurance company uses a different method to determine rates, comparing insurance quotes may now present a different list of the cheapest Lincoln car insurance companies as shown below.

Farmers Mutual of Nebraska now has the best insurance rate in Lincoln, NE with State Farm, American National, General Casualty, and USAA now rounding out the top five. This example illustrates why it is so important to shop around when trying to find the best insurance rates for active military. Rates can be altered by many different factors and change dramatically, so the most affordable company the last time you shopped your coverage around may now be costing you a lot of money.

If you have questions and prefer to get some guidance when comparing insurance rates for active military, the agents below are willing to help you determine which coverages you need. To find an auto insurance agency nearest to you, click the link at the bottom or click here to compare price quotes now.

State Farm: Shawn Kreifels
570 Fallbrook Blvd #111Lincoln, NE 68521(402) 435-2250

Karen Williams – State Farm Insurance Agent
233 N 48th St oLincoln, NE 68504(402) 434-6050

Cornhusker Insurance Agency
6100 Apples Way #110Lincoln, NE 68516(402) 436-2423

View map of Lincoln, NE insurance agents