Who Has the Cheapest Lincoln Auto Insurance Rates for Electric Cars?

The words “affordable” and “insurance” probably shouldn’t be used together, specifically when you are trying to find the best car insurance for electric cars. To help control this cost, let’s lead off by showing you some of the factors that have an effect on insurance rates, and find some ways to reduce the price of the next policy you buy.

Figuring out which companies have the best insurance rates for electric cars will take a little more effort than just quoting one company’s rates.

Each company uses their own formula to determine premium rates, so we’ll go over the most budget-friendly insurance companies in Lincoln, NE.

Cheapest Insurance Rates for EV’s

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Nebraska auto insurance company rankings
Rank Company Cost Per Year
1 Safeco $780
2 The Hartford $865
3 Auto-Owners $896
4 Allied $949
5 Farm Bureau Mutual $980
6 Nationwide $1,007
7 Farmers Mutual of Nebraska $1,009
8 State Farm $1,043
9 American National $1,087
10 General Casualty $1,125
11 USAA $1,162
12 American Family $1,246
13 California Casualty $1,270
14 MetLife $1,280
15 EMC $1,300
16 GEICO $1,308
17 Iowa Mutual $1,347
18 Progressive $1,417
19 Farmers $1,650
20 North Star $1,659
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Safeco may have some of the cheapest car insurance rates in Lincoln at around $780 a 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 would also be considered some of the more affordable Lincoln, NE insurance companies.

In the above example, if you buy coverage from The Hartford and switched to Safeco, you could see a yearly price reduction of about $85. Customers with Auto-Owners might save as much as $116 a year, and Allied customers might lower prices by $169 a year.

Understand that those prices are averages across all drivers and vehicles in Nebraska and do not take into consideration a specific location for electric cars. So the insurer that fits your needs best may not even be in the top 24 companies in the list above. That emphasizes why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

The type of vehicle requiring insurance is one of the main factors that determines if you can find the most affordable insurance for electric cars. Vehicles with high performance engines, poor passenger safety features, or an increased likelihood of liability claims will cost much more to insure than more economical and safe models.

The list below illustrates car insurance premiums for some of the most economical automobiles to insure.

Cheapest Vehicles to Insure in Lincoln, NE
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLT 2WD $788
Honda CR-V EX-L 2WD $806
Ford F-150 FX2 Super Cab 2WD $884
Dodge Grand Caravan SE $891
Hyundai Elantra GLS Touring Station Wagon $888
Toyota Prius $956
Volkswagen Jetta S 2.5 Station Wagon $962
Ford Explorer XLT 4WD $964
Jeep Wrangler Sahara 4WD 2-Dr $973
Chevrolet Impala LTZ $984
Ford Edge Limited AWD $992
Jeep Grand Cherokee SRT-8 4WD $1,000
Nissan Rogue SL 2WD $1,005
GMC Sierra 3500HD SLT Extended Cab 2WD $1,018
Chevrolet Silverado 3500HD LT Crew Cab 2WD $1,023
Toyota Tacoma 2WD $1,028
Honda Civic EX-L 4-Dr Sedan $1,034
Chevrolet Malibu LT $1,040
Ford Focus SES 2-Dr Coupe $1,050
Honda Accord LX-S 2-Dr Coupe $1,059
Toyota RAV4 Limited 4WD $1,052
Chevrolet Equinox LS 2WD $1,061
GMC Sierra SLE Crew Cab 2WD $1,052
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in your specific Lincoln, NE location which can impact prices greatly.

Looking at the data, we can conclude that makes and models like the Ford Escape, Honda CR-V, and Ford F-150 are a few of the most affordable vehicles to insure for eco-friendly vehicles.

Buying coverage from the best company is difficult considering how many companies are available to choose from in Lincoln. The ranking information listed below can help you decide which coverage providers to look at when comparing auto insurance rates for electric cars. These ratings are for companies that insure vehicles across America, so companies that have a smaller presence are not taken into consideration for these rankings.

Top 10 Large Car Insurance Companies in Lincoln Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Progressive – A+
  9. Allstate – A+
  10. The General – A-

Top 10 Large Car Insurance Companies in Lincoln Ranked by Customer Satisfaction

  1. USAA – 92%
  2. American Family – 88%
  3. State Farm – 88%
  4. Nationwide – 88%
  5. 21st Century – 88%
  6. The Hartford – 87%
  7. Progressive – 87%
  8. AAA Insurance – 87%
  9. Farmers Insurance – 87%
  10. Liberty Mutual – 87%

Safe drivers pay less for insurance

The ideal way to get the best insurance rates in Nebraska for eco-friendly vehicles is to drive safe and avoid accidents and keep your driving record clean. The information below shows how speeding tickets and accident claims drive up insurance costs for different insured age categories. The costs are based on a married female driver, full coverage, $100 deductibles, and no discounts are applied.

The data above shows the average cost of a car insurance policy per year with a clean driving record and no accidents is $1,330. Receive two speeding tickets and the average cost increases to $1,891, an increase of $561 each year. Now include two accidents along with the two speeding tickets and the annual cost of insurance for electric cars increases to an average of $3,885. That’s an increase of $2,555, or $213 per month, just for not keeping your driving record clean!

How much more does full coverage cost?

Saving on insurance should be important to the majority of people, and one of the best ways to pay less for insurance for electric cars is to buy only liability coverage. The example below compares auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no claims or driving citations, $250 deductibles, marital status is single, and no discounts are factored in.

As an average for all age groups, full coverage on your policy costs an extra $1,579 per year more than carrying just liability coverage. A very common question is if paying for full coverage is worth it. There is no exact formula of when to phase out full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your vehicle’s settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after you pay the deductible. If you are paying more than $300 annually to have full coverage, then it might be time to buy liability only.

How to find low-cost auto insurance for electric cars

Lowering your rates is not difficult, and here are some of the better thrifty solutions that can help drivers locate cheap coverage.

The final tip is remarkably crucial, as was pointed out in this write-up. Insurance rates can be modified anytime, so don’t be hesitant to buy a policy from a new company if a better rate can be found. Brand loyalty is great, but it’s not a great idea if that inflexibility results in costing you hundreds every year. It only takes a couple minutes to compare prices to find cheaper auto insurance for electric cars in Lincoln.

The professional agents shown below are a good start to provide answers to your questions and help you determine which auto insurance policy would work best for you, since many people would rather have some professional guidance when shopping for the best coverage for electric cars. It can be complicated to find the cheapest rate yourself, so getting advice from a licensed agent can add peace of mind knowing your coverage gives you adequate coverage when you need it most. To find a Lincoln insurance agent close to you, click the button at the bottom.

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