The words “cheap” and “insurance” really shouldn’t be used together, especially when you are shopping around for the lowest insurance prices for 19 year olds. Because it’s not cheap, let’s introduce you to some things that determine insurance prices, and find out if we can help you take the bite out of your next policy.
The car, truck, or SUV that is being insured is one of the primary factors that determines whether or not you can buy the most affordable insurance for 19 year olds. Vehicles with economical engines, excellent safety ratings, or a track record of few liability claims will cost less to insure than higher performance models.
The list below outlines car insurance prices for a selection of the more affordable vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,592|
|Honda CR-V LX 2WD||$2,599|
|Ford Escape XLT 2WD||$2,592|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$2,866|
|Ford Explorer XLT 2WD||$2,898|
|Ford F-150 STX Regular Cab 4WD||$2,906|
|Volkswagen Jetta 2.0T Station Wagon||$3,020|
|Ford Edge SE AWD||$3,048|
|Jeep Grand Cherokee Laredo 2WD||$3,080|
|Toyota RAV4 2WD||$3,090|
|Nissan Altima 2.5 4-Dr Sedan||$3,080|
|Toyota Camry LE||$3,088|
|Chevrolet Equinox LT AWD||$3,080|
|Toyota Tacoma Double Cab 4WD||$3,114|
|Dodge Grand Caravan SXT||$3,123|
|Hyundai Elantra Blue 4-Dr Sedan||$3,228|
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Data based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in vehicle location which can modify coverage prices substantially.
Looking at the rates, you can presume that cars like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius are most likely to be the most economical vehicles to insure for teenage drivers. Car insurance rates will tend to be higher just due to the fact that there is more risk for 19 year olds, but generally speaking those particular vehicles will probably have the best insurance prices compared to other vehicles.
For teenage drivers, one of the largest things that help determine insurance cost is your address in Lincoln. Areas with increased crime or more people likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The illustration below ranks the most expensive places in Nebraska for 19 year olds to buy auto insurance in. Lincoln comes in at #24 with an annual cost of $1,095 for the average insurance policy, which is about $91 monthly.
|Rank||City||Average Per Year|
|7||South Sioux City||$1,251|
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Annual rates are approximated as specific location information can change premiums greatly.
Finding out which company offers the most affordable auto insurance rates for 19 year olds involves a bit more work than just comparing a company or two. Every car insurance company uses their own formula to establish rates, so let’s take a look at the lowest cost auto insurance companies in Lincoln, NE.
It’s a good idea to know that Nebraska auto insurance rates are determined by lots of factors that can increase the price you have to pay for coverage. Improving your credit score, buying a different vehicle, or getting a couple of tickets may cause policy rate changes resulting in some rates now being cheaper in comparison to the competition.
Find the Cheapest Car Insurance for Teens
|Rank||Company||Cost Per Year|
|5||Farmers Mutual of Nebraska||$989|
|6||Farm Bureau Mutual||$1,010|
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Safeco may offer some of the lowest car insurance rates in Lincoln at around $788 a year. This is $528 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska would also be considered some of the cheapest Lincoln, NE auto insurance companies.
As shown in the table above, if you are a customer of The Hartford and switched to Safeco, you may realize a yearly price reduction of roughly $77. Drivers with Allied might save as much as $133 a year, and Auto-Owners policyholders might see rate reductions of $135 a year.
Be aware that those policy rates are averages across all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for 19 year olds. So the car insurance company that fits your needs best may not even be in the top 24 companies shown above. That points out the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
Discounts on Lincoln car insurance rates
Insurance providers that offer quotes for 19 year olds may provide special discounts that may potentially lower prices by as much as 30% if you are eligible to receive them. A few of the larger companies and the discounts they provide can be read below.
- The Hartford policyholders can earn discounts including defensive driver, good student, vehicle fuel type, driver training, and air bag.
- American Family has discounts for good student, bundled insurance, multi-vehicle, accident-free, good driver, and early bird.
- Progressive may have discounts that include homeowner, multi-vehicle, good student, continuous coverage, online signing, multi-policy, and online quote discount.
- Travelers offers discounts including home ownership, multi-car, good student, driver training, IntelliDrive, new car, and continuous insurance.
- Farmers Insurance may offer discounts for switch companies, distant student, youthful driver, homeowner, electronic funds transfer, and alternative fuel.
- USAA offers premium reductions for driver training, vehicle storage, multi-policy, military installation, and loyalty savings.
- Liberty Mutual offers discounts for new move discount, multi-car, exclusive group savings, safety features, and hybrid vehicle.
The diagram below shows the comparison of auto insurance rates with and without discounts applied to the policy rates. The data is based on a male driver, no claims or violations, Nebraska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, passive restraint, multiple vehicle, multiple policy, safe-driver, and marriage discounts applied. With discounts applied, the average amount saved each year on auto insurance for 19 year olds is 28% or $571.
Rate difference between full and liability-only coverage
Finding the cheapest auto insurance is the goal of the majority of drivers, and a great way to reduce the cost of insurance for 19 year olds is to not buy full coverage. The information below illustrates the comparison of annual premium costs when comparing full coverage to liability only. Data assumes a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.
If we average the cost for all age groups, full coverage costs $1,722 per year over having just liability coverage. That brings up the question if full coverage is worth the money. There is no exact rule for dropping physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,500 after paying the physical damage deductible. If premiums are more than $650 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
Choosing the highest-rated auto insurance provider can be rather challenging considering how many companies are available to choose from in Lincoln. The ranking information shown next can help you select which providers you want to consider shopping your coverage with.
The ratings below are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure are not included in this list. If you wish to compare prices from these and other companies in Nebraska, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies