You have probably seen the commercials from auto insurance companies like Allstate, Progressive, and The General that make promises of the cheapest rates. So you just need to select the one with the best jingle, right?
It’s just not that simple, as there are a lot of unknown factors like how many years you have been driving, if you own a home, the performance level of your vehicle, and if you have a tendency to get into accidents, that all have an effect on the price of a policy. In this article, we will teach you about some of these criteria and will hopefully give the reader a solid foundation to find cheaper car insurance in Lincoln.
Figuring out which company offers the cheapest auto insurance rates for good drivers takes a little more work in order to find the best policy. Each auto insurance company uses a different method to set premium rates, so let’s rank the lowest cost auto insurance companies in Lincoln, NE.
It’s a good idea to know that Nebraska auto insurance rates are impacted by many factors that will increase or decrease the price of your policy. Simply turning a year older, moving across town, or getting a speeding ticket may generate price changes that can make some companies more affordable than the competition.
Compare Cheap Insurance Quotes for Good Drivers
Safeco quotes some of the lowest car insurance rates in Lincoln at around $812 each year. This is $504 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also rank well as some of the lowest-priced Lincoln, NE insurance companies.
In this example, if you currently buy coverage from Auto-Owners and switched to Safeco, you might see a yearly savings of in the vicinity of $93. Drivers with Allied might save as much as $127 a year, and Farm Bureau Mutual customers might cut rates by $168 a year.
To find the cheapest coverage for you, click here to start your custom quote or visit any of the companies below.
Remember that these policy rates are averaged for all insureds and vehicles and are not factoring in an exact zip code location for good drivers. So the auto insurance company that fits you best may not even be in the list above. That underscores the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.
For safe drivers, one of the more important considerations that aid in calculating car insurance rates is where you keep your car in Lincoln. Areas with a lot of weather claims or more people are more likely to pay higher prices, whereas areas with less congestion get the luxury of paying less.
The table below lists the most expensive cities in Nebraska for good drivers to purchase auto insurance in. Lincoln ranks #24 having an annual price of $1,073 for the average insured, which is around $89 each month.
|Rank||City||Premium Per Year|
|5||South Sioux City||$1,264|
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Annual rates are estimated as zip code location can alter price quotes greatly.
The make and model of vehicle you are buying coverage for is one of the primary factors when quoting the lowest-priced auto insurance for good drivers. Vehicles with lots of horsepower, a lack of modern safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models.
The list below ranks coverage prices for a selection of the most cost-effective automobiles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$788|
|Ford Escape XLT 2WD||$860|
|Honda Accord LX-P 4-Dr Sedan||$865|
|Honda CR-V EX-L 4WD||$880|
|Ford Edge Limited 2WD||$916|
|Toyota RAV4 4WD||$934|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$950|
|Ford Explorer XLT AWD||$964|
|Ford F-150 XLT Regular Cab 2WD||$978|
|Chevrolet Impala LTZ||$984|
|Nissan Rogue S AWD||$1,000|
|Volkswagen Jetta SE 4-Dr Sedan||$1,005|
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Prices do not factor in specific location which can impact premium rates significantly.
Based upon the rates shown, you can presume that cars like the Hyundai Elantra, Ford Escape, Honda Accord, and Toyota Prius will definitely be the most budget-friendly vehicles to insure for safe drivers.
Ratings for Lincoln auto insurance companies
Buying coverage from a good quality car insurance company can be a challenge considering how many companies are available to choose from in Lincoln. The information shown below could help you choose which insurers to look at when trying find the best insurance for good drivers. These ratings are for the largest companies in the United States, so companies that only write business in Nebraska or surrounding areas are not taken into consideration for this list.
Top 10 Major Auto Insurance Providers in Lincoln Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
Top 10 Major Auto Insurance Providers in Lincoln Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
The chart below demonstrates how choosing different deductibles can raise or lower insurance costs when trying to find cheap insurance for good drivers. The prices are based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could reduce rates by $206 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $310 by changing to a $1,000 deductible. Younger drivers, like the Age 20 category, could roll back prices $508 annually by choosing a larger deductible amount. When raising deductibles, it is a good idea to have additional funds squirreled away to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How much more does full coverage cost?
Paying a lower price for auto insurance is important to the majority of vehicle owners, and one of the quickest ways to save on the cost of insurance for good drivers is to only buy liability insurance. The example below shows the comparison of yearly insurance costs with full coverage compared to only the Nebraska minimum liability coverage. The price estimates are based on no claims or driving violations, $250 deductibles, marital status is single, and no other discounts are factored in.
If we average the cost for all age groups, comprehensive and collision coverage on your policy costs $1,745 per year more than buying just liability insurance. That is a large expense and it proposes the question if you should buy full coverage at all. There is no exact rule for dropping physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your vehicle’s settlement value is $11,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $10,500 after paying the physical damage deductible. If you are currently paying more than $1,050 a year for physical damage coverage, then it might be time to buy liability only.
How to find low-cost insurance for good drivers
Here are some penny-pinching solutions that can help Nebraska drivers locate lower-cost coverage.
- Multi-policy discounts save money
- If possible, pay for small claims out-of-pocket
- Avoid accidents
- Be a cautious driver
- Safe vehicles generally have lower rates
- Comparison shop frequently
That final tip is extraordinarily crucial, as we pointed out in this piece. Insurance rates in Lincoln can be modified anytime, so don’t hesitate to buy a policy from a new company if a better rate can be found.
Having a favorite company is great, but it isn’t a good idea if that devotion results in you overpaying hundreds of dollars year after year. Spend a few minutes and compare prices and find cheaper auto insurance for good drivers.
The Lincoln auto insurance agencies shown below can help you determine which coverage fits your budget, since some people have coverage questions and would like to have the advice of a professional agent when trying to find the best insurance rates for safe drivers. It’s not always easy to find the cheapest car insurance policy, and a licensed agent can provide peace of mind knowing your coverage gives you sufficient coverage for your assets. To find an auto insurance agency close to you, click the button below the list.
Shelter Insurance – Reed Devall
1419 N Cotner Blvd – Lincoln, NE 68505 – (402) 464-9300
AMS Insurance Center
120 S 29th St – Lincoln, NE 68510 – (402) 476-3599
Midwest Insurance Group
4333 S 48th St – Lincoln, NE 68516 – (402) 489-9595
Shelter Insurance – Richard Diers
4242 Cornhusker Hwy – Lincoln, NE 68504 – (402) 464-9511
Ogden Insurance Agency, Inc.
8531 Lexington Ave #102a – Lincoln, NE 68505 – (402) 466-5655