Finding out which company offers the best auto insurance rates for felons will involve a bit more effort in order to find coverage that fits your budget.
Each auto insurance company has a unique approach for determining prices, so let’s rank the overall cheapest auto insurance companies in Lincoln. We do need to point out that Nebraska auto insurance rates are based on many factors which can substantially decrease or increase your annual premium. Simply getting older, getting married, or getting into an accident can trigger changes in premium resulting in some companies being cheaper than competitors.
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Safeco offers some of the lowest car insurance rates in Lincoln at around $788 annually. This is $528 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also some of the most economical Lincoln, NE auto insurance companies.
As shown above, if you currently have a policy with Allied and switched to Safeco, you might realize savings of roughly $151. Drivers with Farmers Mutual of Nebraska could save as much as $191 a year, and Farm Bureau Mutual policyholders might lower prices by up to $232 a year.
If you want to find out if you’re overpaying, click here or feel free to get quotes from the companies below.
Understand that those policy prices are averaged across all drivers and vehicles in Nebraska and do not take into consideration a vehicle location for felons. So the insurer that can offer you the best price may not even be in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.
One of the many components that determine auto insurance rates is where your car is garaged in Lincoln. Regions with larger populations or more claims likely pay more, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The following table rates the most expensive cities in Nebraska for felons to buy car insurance in. Lincoln ranks #24 with an annual cost of $1,062 for the average insured, which is around $89 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Alliance | $1,340 |
| 2 | Scottsbluff | $1,334 |
| 3 | Lexington | $1,316 |
| 4 | Gering | $1,303 |
| 5 | McCook | $1,292 |
| 6 | Beatrice | $1,272 |
| 7 | Omaha | $1,270 |
| 8 | South Sioux City | $1,264 |
| 9 | North Platte | $1,250 |
| 10 | Crete | $1,246 |
| 11 | Nebraska City | $1,224 |
| 12 | York | $1,191 |
| 13 | Bellevue | $1,190 |
| 14 | Kearney | $1,188 |
| 15 | Blair | $1,188 |
| 16 | Seward | $1,179 |
| 17 | Columbus | $1,174 |
| 18 | Fremont | $1,166 |
| 19 | La Vista | $1,162 |
| 20 | Hastings | $1,158 |
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Prices are estimated as the specific area where the vehicle is garaged can impact rates noticeably.
The vehicle requiring insurance is a large factor that determines whether or not you can buy the cheapest car insurance for felons. Vehicles with lower performance, good safety features, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models.
The next list showcases insurance rates for a handful of the most affordable vehicles to insure in Nebraska.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $806 |
| Honda Odyssey LX | $866 |
| Ford F-150 XL Crew Cab 4WD | $900 |
| Ford Edge SEL AWD | $916 |
| Jeep Grand Cherokee Laredo 2WD | $934 |
| GMC Sierra SLE Regular Cab 2WD | $943 |
| Ford Escape Limited 4WD | $936 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $944 |
| Dodge Grand Caravan SXT | $950 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $958 |
| Toyota Prius | $956 |
| Chevrolet Impala LTZ | $984 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,020 |
| Ford Fusion S 4-Dr Sedan | $1,025 |
| Ford Focus S 4-Dr Sedan | $1,028 |
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Data 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, safe-driver, multi-policy, claim-free, and homeowner. Premium costs do not factor in zip code location which can decrease or increase insurance rates noticeably.
Based on these rates, models like the Honda CR-V, Honda Odyssey, Ford F-150, and Ford Edge are likely to be the more affordable vehicles to insure for felons.
Rate comparison of full coverage and liability-only
Saving money on auto insurance is the goal of the majority of vehicle owners, and one of the quickest ways to find cheap insurance for felons is to only pay for liability coverage. The diagram below shows the comparison of insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no policy discounts are applied.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an additional $1,551 per year more than insuring for liability only. That touches on the question if it’s a good idea to buy full coverage. There isn’t a steadfast formula for dropping comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s assume your vehicle’s replacement cost is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $6,500 after the deductible is paid. If you are currently paying more than $650 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where dropping physical damage coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Responsible drivers pay cheaper auto insurance rates
In a perfect world, the ideal way to maintain the best auto insurance rates for felons is to drive safe and avoid accidents and traffic citations. The example below highlights how speeding tickets and at-fault accidents raise insurance costs for different age groups of insureds. The data assumes a married male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of car insurance in Lincoln per year with no accidents or violations is $1,074. Receive one speeding ticket and the average cost swells to $1,236, an increase of $162 each year. Then include two accidents along with the one speeding ticket and the yearly cost of auto insurance for felons jumps again to an average of $2,757. That’s an increase of $1,682, or $140 per month, just for not being attentive to the road!
Don’t stick with an overpriced policy
Lincoln, NE auto insurance rates are influenced by many factors that will increase or decrease the cost of your policy. Simply having a birthday, buying a different home, or getting a ticket for careless driving can trigger changes in premium that may make certain companies more affordable than competitors.
In addition, car insurance companies change premium rates without warning to adjust for heavy claims or excess profits. Higher than normal claim frequency or severity may cause price increases, while long-term profits can produce cheaper Lincoln car insurance rates.
As an example, the chart below analyzes the cheapest car insurance in Lincoln, NE for a 35-year-old male driver with no prior claims, no tickets, and solid credit. If we compare prices based on his current rating profile, Safeco might offer the best car insurance rates in Lincoln at $788 per year. This is $528 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual are the rest of the best Lincoln, NE auto insurance companies.
In this example, we will give the driver from above a claim, a little lower credit rating, and a traffic citation. Since each auto insurer has a proprietary method for establishing rates, getting updated rate quotes will most likely result in a slightly different list of the cheapest companies as shown below.
Farmers Mutual of Nebraska now has the best auto insurance rate in Lincoln with State Farm, American National, General Casualty, and USAA also having competitive pricing. This example proves why it is critical to do a thorough rate comparison when trying to find the lowest car insurance quotes for felons.
Auto insurance prices are determined by many things and can change substantially, so the cheapest rate a year ago may now be wasting a lot of money.
The insurance agents in Lincoln listed below can probably aid you in deciding which policy is best, since some drivers wish to have a consultation when comparing insurance rates for felons. It can be challenging to find coverage yourself, and a licensed agent can provide you satisfaction knowing you have suitable coverage if you ever need to use it.
To find a Lincoln insurance agency in your neighborhood, click the button following the list or click here to compare prices now.
- Mid Mex Insurance Inc
1010 South St A – Lincoln, NE 68502 – (402) 438-6800 - State Farm: Vinnie Krikac
935 Plum St – Lincoln, NE 68502 – (402) 474-1173 - Nicole Simon – State Farm Insurance Agent
4400 S 70th St #130 – Lincoln, NE 68516 – (402) 483-4441 - State Farm: Shawn Kreifels
570 Fallbrook Blvd #111 – Lincoln, NE 68521 – (402) 435-2250 - Copple Insurance Agency, Inc.
1640 L St – Lincoln, NE 68508 – (402) 475-3213
More Lincoln, NE insurance agents
Tips for finding economical car insurance for felons
The list below details some penny-pinching suggestions that can help Lincoln drivers buy low-cost auto insurance.
- Increase your policy deductibles
- Accident-free drivers may qualify for discounts
- Do not pay for full coverage if not needed
- Pay less by remaining claim-free
- Avoid getting citations and tickets
- Comparison shop at least once a year
That final tip is certainly necessary, as was affirmed in this piece. Prices can be changed at any time, so drivers shouldn’t be reluctant to switch carriers if a better rate can be found.
Brand loyalty is not necessarily bad, but it’s not a great idea if that faithfulness ends up costing you money that could be used for better things. It only take a few minutes to shop around and find cheaper insurance for felons in Lincoln.