The vehicle model on the policy is a large consideration when shopping around for cheap car insurance for teenage males. Vehicles with higher performance characteristics, poor safety features, or a track record of large liability claims will cost substantially more to insure than safer models.
The data below estimates car insurance costs for a selection of the most cost-effective automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $3,180 |
| Ford Escape Limited 2WD | $3,212 |
| Honda Accord EX-L 4-Dr Sedan | $3,418 |
| Volkswagen Jetta S 2.5 Station Wagon | $3,428 |
| Toyota Prius | $3,452 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $3,530 |
| Ford Explorer XLT 2WD | $3,562 |
| Ford F-150 XLT Super Cab 2WD | $3,569 |
| Chevrolet Impala LS | $3,736 |
| Ford Edge Limited 2WD | $3,742 |
| Chevrolet Malibu Hybrid | $3,768 |
| Toyota RAV4 Limited 4WD | $3,774 |
| Jeep Grand Cherokee Laredo 4WD | $3,768 |
| Chevrolet Equinox LT AWD | $3,774 |
| Dodge Grand Caravan Crew | $3,802 |
| Toyota Tacoma Double Cab 4WD | $3,807 |
| Ford Focus SEL 4-Dr Sedan | $3,944 |
| Honda Civic LX-S 4-Dr Sedan | $3,951 |
| Honda Odyssey EX-L | $3,976 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,986 |
| Compare Cheap Rates Go | |
Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can lower or raise rates greatly.
Based upon these rates, we can infer that makes and models like the Honda CR-V, Ford Escape, and Honda Accord are likely to be some of the more affordable vehicles to insure for teen boys. Auto insurance rates will tend to be higher because of the fact that there is more risk for teenage males, but generally speaking those specific models will most likely have the cheapest rates available.
Buying cost effective auto insurance is confusing at best, and finding out which company quotes the cheapest insurance rates for teenage males requires even more perseverance.
Every insurance company has a proprietary method for determining rates, so first we will examine the insurance companies that tend to have lower prices in Lincoln, NE. It’s important that readers know that Nebraska insurance rates are impacted by many things which can substantially decrease or increase the price of your policy. This price variation is why Lincoln drivers need to compare rates to find cheap car insurance rates for teenage males. Insurance prices can be altered by many different factors and can change without notice, so the lowest-price company six months ago may now not even be in the top five.
Best Cheap Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $847 |
| 3 | Auto-Owners | $932 |
| 4 | Allied | $949 |
| 5 | Farm Bureau Mutual | $990 |
| 6 | Farmers Mutual of Nebraska | $1,009 |
| 7 | Nationwide | $1,027 |
| 8 | State Farm | $1,043 |
| 9 | American National | $1,065 |
| 10 | General Casualty | $1,114 |
| 11 | USAA | $1,128 |
| 12 | MetLife | $1,280 |
| 13 | American Family | $1,284 |
| 14 | EMC | $1,300 |
| 15 | GEICO | $1,308 |
| 16 | California Casualty | $1,309 |
| 17 | Iowa Mutual | $1,334 |
| 18 | Progressive | $1,445 |
| 19 | Farmers | $1,602 |
| 20 | North Star | $1,642 |
| Quote Your Rates Go | ||
Safeco has some of the cheapest car insurance rates in Lincoln at around $780 each year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also are some of the cheapest Lincoln, NE auto insurance companies.
In the above rates, if you are insured with Farm Bureau Mutual and switched to The Hartford, you might achieve a yearly price reduction of approximately $143. Customers with Farmers Mutual of Nebraska may save as much as $162 a year, and Nationwide insureds might realize rate reductions of up to $180 a year.
These rates are averaged for all drivers and vehicles and and are not calculated with an exact vehicle garaging location for teenage males. So the car insurance company that is most affordable for your situation may not even be in the list above. That illustrates why you need to get rate quotes using your own specific driver information and vehicle.
One of the many components that aid in calculating the amount you pay for auto insurance is the neighborhood you call home in Lincoln. Areas with increased crime or more people tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The next table shows the most expensive cities in Nebraska for teenage males in which to buy car insurance. Lincoln ranks #24 having an annual price of $1,106 for the average insurance policy, which is around $92 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Scottsbluff | $1,374 |
| 2 | Gering | $1,343 |
| 3 | Alliance | $1,314 |
| 4 | North Platte | $1,301 |
| 5 | McCook | $1,292 |
| 6 | South Sioux City | $1,290 |
| 7 | Lexington | $1,264 |
| 8 | Omaha | $1,257 |
| 9 | Beatrice | $1,235 |
| 10 | Crete | $1,234 |
| 11 | Nebraska City | $1,224 |
| 12 | Blair | $1,224 |
| 13 | Seward | $1,215 |
| 14 | York | $1,191 |
| 15 | Kearney | $1,188 |
| 16 | Hastings | $1,182 |
| 17 | Fremont | $1,177 |
| 18 | Norfolk | $1,159 |
| 19 | Bellevue | $1,144 |
| 20 | Columbus | $1,139 |
| Compare Rates Now Go | ||
Rates are estimated as the vehicle garaging location can revise coverage prices greatly.
Cost comparison with and without full coverage
Reducing premiums for insurance is probably important to the majority of people, and one good way to find cheap insurance for teenage males is to buy only liability coverage. The diagram below shows the difference between yearly insurance costs with full coverage compared to only the Nebraska minimum liability coverage. The rate quotes are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no additional discounts are factored in.
On average, full coverage on your policy costs an additional $1,579 per year over and above liability only. That raises the question if buying full coverage is a waste of money. There is no exact formula to exclude physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $2,000 after you pay the deductible. If premiums are more than $200 annually to have full coverage, then it might be time to buy liability only.
What is the best insurance company in Lincoln?
Picking the right insurer can be a challenge considering how many choices drivers have in Nebraska. The rank data in the lists below may help you analyze which insurers to look at comparing rates from. The rankings below are only made up 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.
Top 10 Major Auto Insurance Companies in Lincoln Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Liberty Mutual
- State Farm
- Allstate
- Safeco Insurance
- Travelers
- 21st Century
- Nationwide
Top 10 Major Auto Insurance Companies 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-
Get discount Lincoln insurance rates
Car insurance companies that offer coverage for teenage males may provide rate discounts that may potentially lower prices by 35% or more if you are eligible. The best insurance companies and their offered discounts can be read below.
- Progressive includes discounts for multi-vehicle, continuous coverage, homeowner, online signing, and multi-policy.
- GEICO may have discounts that include anti-lock brakes, anti-theft, multi-vehicle, membership and employees, and air bags.
- State Farm policyholders can earn discounts including student away at school, Drive Safe & Save, passive restraint, safe vehicle, and accident-free.
- Esurance offers discounts for anti-lock brakes, good driver, paid-in-full, online shopper, and homeowner.
- The Hartford may include discounts for defensive driver, air bag, anti-theft, bundle, and good student.
The diagram below visualizes the comparison of auto insurance costs with and without policy discounts. The rate quotes are based on a male driver, no violations or claims, Nebraska state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, anti-theft, paperless filing, paid-in-full, good student, and vehicle safety discounts applied. With discounts applied, the average amount saved each year on insurance for teenage males is 28% or $452.