You have seen the commercials from car insurance companies like GEICO and Progressive that promise the cheapest price, so drivers just need to pick the company with the catchiest ad, right?
That is not the case, however, as there are a whole bunch of unknown factors such as if you have ever let your policy lapse, where you live, and your age, that all factor into the price you pay. In this article, we will teach you about the different ways to avoid overpaying and should give you a jump start in finding the best auto insurance in Nebraska.
Figuring out which companies offer the lowest-priced car insurance rates for hybrid vehicles involves more work than just quoting one company’s rates. Each company has a unique formula for filing rates in each state, so let’s take a look at the lowest cost car insurance companies in Lincoln, NE.
It’s important that you understand Lincoln car insurance rates are impacted by many things which can substantially decrease or increase your annual premium. Improving your credit rating, getting divorced, or having an accident may cause policy rate changes resulting in some rates now being cheaper than others.
Find the Cheapest Car Insurance for Hybrids
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $804 |
| 2 | The Hartford | $839 |
| 3 | Auto-Owners | $905 |
| 4 | Allied | $911 |
| 5 | Farm Bureau Mutual | $990 |
| 6 | Nationwide | $997 |
| 7 | Farmers Mutual of Nebraska | $1,009 |
| 8 | State Farm | $1,033 |
| 9 | American National | $1,065 |
| 10 | General Casualty | $1,092 |
| 11 | USAA | $1,162 |
| 12 | American Family | $1,258 |
| 13 | California Casualty | $1,270 |
| 14 | MetLife | $1,280 |
| 15 | GEICO | $1,322 |
| 16 | Iowa Mutual | $1,334 |
| 17 | EMC | $1,340 |
| 18 | Progressive | $1,417 |
| 19 | Farmers | $1,650 |
| 20 | North Star | $1,659 |
| Compare Rates Now Go | ||
Safeco normally has some of the most affordable 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 best Lincoln, NE auto insurance companies.
In the rate table above, if you have coverage with Allied and switched to The Hartford, you could realize yearly savings of roughly $72. Policyholders with Farm Bureau Mutual could save as much as $151 a year, and Nationwide insureds might cut rates by $158 a year.
Remember that these policy prices are averaged across all drivers and vehicles in Nebraska and are not factoring in an exact zip code location for hybrid vehicles. So the insurer that fits your age and vehicle best may not even be in the top 24 companies in the list above. That’s why you need to quote rates from as many companies as possible using your own individual information.
For hybrids, one of the big things that help determine the amount you pay each year for auto insurance is your address. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The table below ranks the most costly cities in Nebraska for hybrid vehicles in which to purchase auto insurance. Lincoln makes the list at #24 with the annual price of $1,062 for the average policyholder, which is around $89 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Scottsbluff | $1,374 |
| 2 | Gering | $1,357 |
| 3 | Alliance | $1,354 |
| 4 | McCook | $1,292 |
| 5 | North Platte | $1,288 |
| 6 | Lexington | $1,277 |
| 7 | Omaha | $1,257 |
| 8 | South Sioux City | $1,251 |
| 9 | Crete | $1,246 |
| 10 | Kearney | $1,236 |
| 11 | Blair | $1,224 |
| 12 | Beatrice | $1,222 |
| 13 | Seward | $1,191 |
| 14 | Bellevue | $1,190 |
| 15 | York | $1,180 |
| 16 | Nebraska City | $1,176 |
| 17 | Grand Island | $1,170 |
| 18 | La Vista | $1,162 |
| 19 | Hastings | $1,158 |
| 20 | Fremont | $1,142 |
| Compare Rates Now Go | ||
Rate quotes are approximated as the specific zip code location can change insurance rates noticeably.
The make and model of vehicle you are seeking coverage for is probably the largest consideration when shopping for cheaper insurance for hybrid vehicles. Vehicles with higher performance characteristics, a lack of safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models. The list below outlines insurance rates for a number of the most economical automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $806 |
| Volkswagen Jetta S 2.5 Station Wagon | $856 |
| Honda Accord LX 4-Dr Sedan | $860 |
| Ford Explorer XLT 4WD | $884 |
| Honda CR-V EX-L 4WD | $912 |
| Toyota Camry LE | $934 |
| Jeep Grand Cherokee Laredo 4WD | $943 |
| Toyota Prius | $956 |
| Ford Focus SES 4-Dr Sedan | $966 |
| Honda Odyssey EX-L | $984 |
| Ford Edge Sport AWD | $994 |
| Ford F-150 Lariat Crew Cab Harley 4WD | $1,018 |
| Toyota RAV4 2WD | $1,020 |
| Compare Cheap Rates Go | |
Table 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 safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price information does not factor in garaging location in Lincoln, NE which can increase or decrease rates considerably.
Looking at the rates, you can conclude that makes and models like the Ford Escape, Volkswagen Jetta, Honda Accord, and Ford Explorer are going to be the most affordable vehicles to insure for hybrids.
The information below highlights how deductible selection can influence insurance prices when trying to find cheap insurance for hybrid vehicles. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
A 40-year-old driver could reduce rates by $284 a year by switching from a $100 deductible up to a $500 deductible, or save $430 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could shave as much as $708 each year just by using higher deductibles.
If you do decide to increase your deductibles, it is a good idea to have spare funds to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Choosing a high-quality insurer can be rather challenging considering how many different insurance companies sell coverage in Nebraska. The company ratings shown below can help you decide which car insurance companies to look at when shopping around. These rankings are only made up of major nationwide insurance companies, so companies that focus mainly on Nebraska business will not be included in these rankings.
Top 10 Major Auto Insurance Companies in Lincoln Ranked by Customer Service
- State Farm
- Nationwide
- Safeco Insurance
- American Family
- Travelers
- Liberty Mutual
- GEICO
- Allstate
- The Hartford
- Farmers Insurance
Irresponsible driving raises your rates
The easiest method to enjoy affordable car insurance premiums for hybrids is to be a safe driver and avoid getting tickets or having accidents. The diagram below shows how traffic citations and at-fault accidents influence car insurance costs for each age group. The data is based on a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
In the example above, the average cost of car insurance per year with no accidents and a clean driving record is $1,963. Receive one speeding ticket and the average cost surges to $2,254, an increase of $291 each year. Now add in one accident along with the one speeding ticket and the yearly cost of car insurance for hybrid vehicles increases to an average of $3,088. That’s an increase of $1,125, or $94 per month, just for not being attentive to the road!