One of the more important things that help determine the cost of insurance is where you call home in Lincoln. Areas with more people or higher crime rates tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The following table sorts the priciest cities in Nebraska for teenage females to purchase auto insurance in. Lincoln is ranked at #24 having an annual price of $1,073 for car insurance, which is approximately $89 monthly.
|Rank||City||Premium Per Year|
|7||South Sioux City||$1,251|
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Price information shown is approximated as the specific Lincoln residence address can revise premium rates considerably.
The car, truck, or SUV you are buying coverage for is one of the biggest factors when comparing quotes for low-priced insurance for teenage females. Vehicles with higher performance characteristics, a lack of modern safety features, or high incidents of liability claims will cost quite a bit more to insure than more modest models. The next table presents insurance costs for a selection of the cheapest automobiles to insure in Nebraska.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$2,868|
|Honda CR-V EX 2WD||$2,874|
|Honda Accord EX-L 4-Dr Sedan||$3,076|
|Volkswagen Jetta S 2.5 Station Wagon||$3,083|
|Honda Odyssey LX||$3,192|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$3,198|
|Dodge Grand Caravan CV||$3,220|
|Ford Explorer XLT 4WD||$3,227|
|Ford F-150 XLT Crew Cab 2WD||$3,220|
|Toyota RAV4 4WD||$3,400|
|Chevrolet Equinox LS AWD||$3,405|
|Chevrolet Impala LT||$3,400|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$3,428|
|Toyota Corolla XLE||$3,582|
|Hyundai Elantra GLS 4-Dr Sedan||$3,592|
|Toyota Tacoma X-Runner 2WD||$3,582|
|Ford Edge Sport AWD||$3,591|
|Jeep Grand Cherokee Limited 2WD||$3,610|
|Chevrolet Malibu LTZ||$3,616|
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Data rating is based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific location which can affect premiums noticeably.
Looking at the numbers, we can conclude that makes and models like the Ford Escape, Honda CR-V, and Honda Accord are most likely going to be the most budget-friendly vehicles to insure for teen girls. The price for an auto insurance policy will be more expensive just due to the fact that there is more claim risk for teenage females, but generally speaking those vehicles will tend to have the best rates possible.
How to get discounts on Lincoln insurance
Auto insurance companies that offer coverage for teenage females may additionally offer premium discounts that could potentially reduce rates by 40% or more if you qualify. A few popular companies and some of their more popular discounts are:
- Farmers Insurance has discounts for business and professional, switch companies, bundle discounts, teen driver, and electronic funds transfer.
- Esurance policyholders can earn discounts including good student, Switch & Save, good driver, multi-car, renters, and claim free.
- State Farm discounts include safe vehicle, Drive Safe & Save, anti-theft, good student, student away at school, and accident-free.
- GEICO may include discounts for multi-vehicle, multi-policy, anti-theft, federal employee, defensive driver, good student, and membership and employees.
- Allstate may have discounts that include good student, teenSMART discount, multi-policy, safe driver, and EZ pay plan discount.
The information below visualizes the comparison of insurance premiums with and without discounts applied to the rates. The data is based on a female driver, no claims, a clean driving record, Nebraska state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with paid-in-full, paperless filing, good student, vehicle safety, continuous coverage, and anti-theft discounts applied. When drivers qualify for the discounts, theamount saved on insurance for teenage females is 28% or $577.
Should you buy full coverage?
Saving money on insurance should be important to most vehicle owners, and one way to buy cheaper insurance for teenage females is to not buy comprehensive and collision coverage. The illustration below shows the comparison of auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nebraska. The premiums are based on no violations or accidents, $1,000 deductibles, single status, and no additional discounts are factored in.
If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an additional $1,704 per year over having just liability coverage. That proposes the question if buying full coverage is a waste of money. There is no clear-cut formula to drop full coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s assume your vehicle’s settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after paying your deductible. If premium cost is more than $200 a year for your policy with full coverage, then it could be time to drop full coverage.
Why you should be comparing rates
Lincoln insurance rates are influenced by many factors which can substantially change the cost of coverage. Simply improving your credit, filing a claim, or getting caught speeding can cause premium changes that may make certain companies more affordable than competitors.
Not only may your situation change, but auto insurance companies modify rates as often as every three months to reflect underwriting profits or losses. Higher than normal claims may cause increased policy costs, while profitable underwriting may result in more affordable Lincoln car insurance rates.
The data below shows the company with the cheapest car insurance in Lincoln, NE for a 45-year-old male driver with a clean driving record, no accidents, and a good credit history. If we look at prices based on his current rating profile, Safeco might quote the best car insurance rates in Lincoln at $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 are the remaining cheapest Lincoln, NE auto insurance companies.
Now we will pretend the driver from the first set of rates a claim, less-than-perfect credit, and a couple of points charged on his driving record. Due to the fact that every insurance company has a different process for determining rates, getting updated rate quotes may now present a slightly different list of the cheapest car insurance companies in Lincoln as shown below.
Nationwide now has the lowest price in Lincoln with State Farm, American National, General Casualty, and The Hartford also being competitive. This example illustrates why it is crucial to shop around with many companies to find the most affordable auto insurance quotes for teenage females.
Insurance rates are determined by many risk factors and change dramatically, so the cheapest option three years ago may now be one of the higher cost companies.
If you have coverage questions and would like to get some professional input when trying to find lower insurance rates for teenage females, the agents listed below can help you decide which auto insurance policy fits you best. To locate a Lincoln insurance agent using an interactive map, click the link at the bottom or click here to compare price quotes now.
American Family Insurance – Tim Stewart Agency Inc.
5625 O St Ste 105 – Lincoln, NE 68510 – (402) 489-6211
Farmers Insurance – Ken Richards
3100 O St #3 – Lincoln, NE 68510 – (402) 420-5355
Zimmer Insurance Group
3230 S 13th St – Lincoln, NE 68502 – (402) 423-6262
State Farm: Shawn Kreifels
570 Fallbrook Blvd #111 – Lincoln, NE 68521 – (402) 435-2250
Cornhusker Insurance Agency
6100 Apples Way #110 – Lincoln, NE 68516 – (402) 436-2423
How to find budget-friendly insurance for teenage females
It is possible to find better rates, and here are some penny-pinching ideas that can help you buy lower-cost coverage.
- Increase your physical damage deductibles
- Maintaining good credit helps earn cheaper rates
- Buy a car with high safety ratings
- Don’t waste money on full coverage for older vehicles
- If possible, do not file small claims
- Bundle car and home insurance and save money
- Ensure you have the best deal by shopping around regularly
That last tip is highly valuable, as was emphasized in this write-up. Prices fluctuate constantly, so don’t be afraid to buy from a new company if a more affordable price is available.
Having a favorite company is fine, but it’s not a great idea if that inflexibility results in costing you hundreds of dollars year after year. Spend a few minutes and shop around and find cheaper auto insurance for teenage females in Lincoln.