It’s safe to assume that auto insurance companies want to keep your business as long as possible. Consumers who shop around for cheaper rates will probably buy a different policy because there is a great chance of finding good coverage at a lower price. A recent auto insurance study revealed that consumers who compared prices once a year saved on average $3,450 over four years as compared to drivers who never compared other company’s rates.
If finding budget-friendly car insurance in Lincoln is your target objective, then knowing how to find and compare cheaper coverage can help you succeed in saving money.
The recommended way to find lower priced Toyota Yaris insurance in Lincoln is to make a habit of regularly comparing prices from different companies in Nebraska. Prices can be compared by completing these steps.
- Step 1: Read and learn about how car insurance works and the measures you can take to prevent expensive coverage. Many policy risk factors that increase rates like at-fault accidents and a bad credit score can be rectified by being financially responsible and driving safely.
- Step 2: Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or State Farm, while independent agents can provide price quotes from multiple sources. Find a Lincoln insurance agent
- Step 3: Compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you can save some money and decide to switch, make sure there is no coverage gap between policies.
One thing to remember is that you’ll want to compare the same deductibles and limits on each quote and and to get rates from as many different companies as possible. This provides the most accurate price comparison and a better comparison of the market.
If you are insured now or are looking for a new policy, use these money-saving tips to get lower rates without reducing coverage. Buying affordable insurance in Lincoln is actually not that difficult if you follow our advice. Shoppers just need to learn the quickest way to compare rate quotes online.
The companies shown below offer comparison quotes in Lincoln, NE. To buy cheaper car insurance in Lincoln, we suggest you visit several of them to find the cheapest auto insurance rates.
Three reasons to not skimp on car insurance
Even though it’s not necessarily cheap to insure a Toyota in Lincoln, insuring your vehicle is required for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability coverage if you drive a vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your Yaris, more than likely the lender will force you to have full coverage to guarantee payment of the loan. If you let the policy lapse, the lender will be forced to insure your Toyota at a significantly higher premium and make you pay for it.
Third, car insurance protects not only your car but also your financial assets. It will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay attorney fees if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to have it repaired.
The benefits of having car insurance are definitely more than the cost, especially for larger claims. The average driver in Nebraska is wasting up to $850 per year so we recommend shopping around at least once a year to be sure current rates are still competitive.
Rates and detailed analysis
The price information displayed below outlines different rate quotes for Toyota Yaris models. Knowing how rates are determined is important for drivers to make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $120 | $278 | $440 | $26 | $132 | $996 | $83 |
| Yaris 4-Dr Hatchback | $120 | $278 | $390 | $24 | $116 | $928 | $77 |
| Yaris 4-Dr Sedan | $120 | $278 | $390 | $24 | $116 | $928 | $77 |
| Yaris S 2-Dr Hatchback | $138 | $278 | $440 | $26 | $132 | $1,014 | $85 |
| Yaris S 4-Dr Hatchback | $138 | $278 | $390 | $24 | $116 | $946 | $79 |
| Yaris S 4-Dr Sedan | $138 | $278 | $390 | $24 | $116 | $946 | $79 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Premium amounts do not factor in specific location which can lower or raise coverage rates greatly.
Deductible comparison
When comparing insurance rates, the most common question is how high or low should comp and collision deductibles be. The figures shown below summarize the rate differences when you choose different policy deductibles. The first data set uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $224 | $466 | $338 | $20 | $102 | $1,175 | $98 |
| Yaris 4-Dr Hatchback | $224 | $466 | $300 | $18 | $90 | $1,123 | $94 |
| Yaris 4-Dr Sedan | $224 | $466 | $300 | $18 | $90 | $1,123 | $94 |
| Yaris S 2-Dr Hatchback | $258 | $466 | $338 | $20 | $102 | $1,209 | $101 |
| Yaris S 4-Dr Hatchback | $258 | $466 | $300 | $18 | $90 | $1,157 | $96 |
| Yaris S 4-Dr Sedan | $258 | $466 | $300 | $18 | $90 | $1,157 | $96 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $164 | $314 | $338 | $20 | $102 | $938 | $78 |
| Yaris 4-Dr Hatchback | $164 | $314 | $300 | $18 | $90 | $886 | $74 |
| Yaris 4-Dr Sedan | $164 | $314 | $300 | $18 | $90 | $886 | $74 |
| Yaris S 2-Dr Hatchback | $188 | $314 | $338 | $20 | $102 | $962 | $80 |
| Yaris S 4-Dr Hatchback | $188 | $314 | $300 | $18 | $90 | $910 | $76 |
| Yaris S 4-Dr Sedan | $188 | $314 | $300 | $18 | $90 | $910 | $76 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium costs do not factor in Lincoln location which can revise auto insurance rates substantially.
Based on these figures, using a $100 deductible would cost the average driver about $21 more each month or $252 every year across all Toyota Yaris models than quoting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 19 months between claims, you would most likely save money if you choose the higher deductible.
Verify you’re earning every discount
Car insurance is not inexpensive, but there could be significant discounts to help bring down the price. Some discounts will apply when you purchase, but once in a while a discount must be specifically requested in order for you to get them.
- Bundled Policy Discount – When you combine your auto and homeowners insurance with one company you could save at least 10% off all policies.
- Smart Student Discounts – Getting good grades may save you up to 25%. Earning this discount can benefit you up to age 25.
- Discounts for Federal Employees – Simply working for the federal government could cut as much as 10% off with select insurance companies.
- Air Bags and Passive Restraints – Vehicles equipped with air bags may qualify for discounts of up to 25% or more.
- Distant Student Discount – Any of your kids who live away from home to go to college and won’t have access to an insured vehicle may be insured at a cheaper rate.
Don’t be surprised that most credits do not apply to the entire cost. Most only cut individual premiums such as comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
The illustration below visualizes the comparison of Toyota Yaris car insurance rates with and without discounts applied to the rates. The premium estimates are based on a female driver, no violations or accidents, Nebraska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, safe-driver, multi-policy, and claim-free discounts applied.
Larger car insurance companies and some of the premium reductions they offer are:
- GEICO has discounts for good student, emergency military deployment, military active duty, anti-lock brakes, defensive driver, and five-year accident-free.
- MetLife offers discounts including claim-free, good driver, good student, accident-free, multi-policy, defensive driver
- Progressive may include discounts for online quote discount, multi-policy, online signing, homeowner, multi-vehicle, good student, and continuous coverage.
- Travelers offers discounts for continuous insurance, driver training, new car, payment discounts, multi-policy, good student, and early quote.
- SAFECO may offer discounts for teen safe driver, bundle discounts, teen safety rewards, drive less, homeowner, and safe driver.
- AAA discounts include AAA membership discount, education and occupation, good driver, multi-policy, and multi-car.
Before purchasing a policy, check with each insurance company which discounts can lower your rates. Depending on the company, some discounts may not be offered in Lincoln. To see companies with significant discounts in Lincoln, click here to view.
You are unique and your insurance should be too
Always keep in mind that when comparing the best insurance coverage for your vehicles, there really is not a best way to insure your cars. Each situation is unique.
For instance, these questions can aid in determining if you may require specific advice.
- Am I insured when driving a different vehicle?
- Are there any extra discounts I can get?
- Should I have a commercial auto policy?
- What is an SR-22 filing?
- Do I have coverage if my license is suspended?
- Do I have coverage when pulling a U-Haul trailer?
- What is roadside assistance coverage?
- Am I covered if I back into my garage door?
- What is glass protection for?
If you don’t know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and may give you better protection.
Auto insurance company ratings
Choosing a highly-rated insurance provider can be a challenge considering how many choices you have in Lincoln. The company information displayed below may help you pick which coverage providers you want to consider purchasing from.
Top 10 Lincoln Car Insurance Companies Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Liberty Mutual
- State Farm
- Allstate
- Safeco Insurance
- Travelers
- 21st Century
- Nationwide