For people who own their homes, one of the big criteria that are used to help calculate auto insurance rates is where your residence is. Areas with high crime rates or more dense population tend to pay more, whereas areas with less congestion benefit from lower coverage costs.
The information below rates the most expensive areas in Nebraska for homeowners to buy an auto insurance policy in. Lincoln makes the list at #24 having an annual price of $1,095 for the average insured, which is around $91 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gering | $1,343 |
| 2 | Alliance | $1,340 |
| 3 | Scottsbluff | $1,334 |
| 4 | McCook | $1,318 |
| 5 | North Platte | $1,301 |
| 6 | South Sioux City | $1,290 |
| 7 | Omaha | $1,270 |
| 8 | Lexington | $1,264 |
| 9 | Beatrice | $1,259 |
| 10 | Kearney | $1,236 |
| 11 | Crete | $1,198 |
| 12 | Hastings | $1,193 |
| 13 | Bellevue | $1,190 |
| 14 | Blair | $1,188 |
| 15 | York | $1,180 |
| 16 | Seward | $1,179 |
| 17 | Nebraska City | $1,176 |
| 18 | Grand Island | $1,170 |
| 19 | Fremont | $1,166 |
| 20 | Papillion | $1,140 |
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Rate quotes are approximated as the specific geographic location can influence auto insurance rates greatly.
The car, truck, or SUV that is being insured is a large factor when comparing the most economical auto insurance for homeowners. Vehicles with high performance features, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models. The next list features auto insurance premiums for some of the cheaper automobiles to insure in Nebraska.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $806 |
| Hyundai Elantra GLS Touring Station Wagon | $860 |
| Ford Escape XLT 2WD | $869 |
| Ford Explorer Eddie Bauer 2WD | $884 |
| Ford Edge SE AWD | $916 |
| Toyota Tacoma Double Cab 4WD | $934 |
| Chevrolet Impala LT | $941 |
| Chevrolet Malibu Hybrid | $934 |
| Ford F-150 Lariat Crew Cab 4WD | $950 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $956 |
| Toyota Prius | $962 |
| Honda Odyssey EX-L W/Rear Entertainment | $984 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,000 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,010 |
| Ford Fusion SE 4-Dr Sedan | $1,000 |
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price information does not factor in garaging location in Lincoln, NE which can impact prices considerably.
Looking at the data, you can assume that cars like the Honda CR-V, Hyundai Elantra, and Ford Escape are a few of the most economical vehicles to insure for people who own their homes.
Establishing which companies offer the best insurance rates for homeowners will involve a bit more work in order to find the best policy. Each insurer has their own formula to set their prices, so to begin we’ll rank the insurance companies that tend to have lower prices in Nebraska.
We do need to point out that Nebraska insurance rates are impacted by many factors that may substantially change the price you have to pay. Turning one year older, buying higher coverage limits, or having a fender bender can cause premium changes resulting in some companies being cheaper than competitors.
Cheap Insurance Rates for Homeowners
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $865 |
| 3 | Auto-Owners | $905 |
| 4 | Allied | $939 |
| 5 | Farm Bureau Mutual | $1,010 |
| 6 | Farmers Mutual of Nebraska | $1,019 |
| 7 | Nationwide | $1,037 |
| 8 | State Farm | $1,065 |
| 9 | American National | $1,087 |
| 10 | General Casualty | $1,092 |
| 11 | USAA | $1,128 |
| 12 | California Casualty | $1,257 |
| 13 | MetLife | $1,280 |
| 14 | American Family | $1,296 |
| 15 | EMC | $1,300 |
| 16 | GEICO | $1,322 |
| 17 | Iowa Mutual | $1,347 |
| 18 | Progressive | $1,460 |
| 19 | Farmers | $1,586 |
| 20 | North Star | $1,710 |
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Safeco may offer some of the most affordable car insurance rates in Lincoln at around $780 annually. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also rank well as some of the cheaper Lincoln, NE car insurance companies.
In the rate table above, if you currently have coverage with Allied and switched to Safeco, you might realize a yearly savings of in the vicinity of $159. Drivers with Farm Bureau Mutual might save as much as $230 a year, and Farmers Mutual of Nebraska policyholders might see rate reductions of $239 a year.
To see if your current coverage is too expensive, click here to get quotes or feel free to get quotes from the companies below.
Bear in mind that those prices are averages across all types of insureds and vehicles and do not take into consideration an exact location for homeowners. So the company that can offer the best rates for your situation may not even be in the top 24 companies in the list above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
The chart below illustrates how your choice of deductibles can influence insurance prices when researching cheap insurance for homeowners. Data assumes a single female driver, full coverage, and no discounts are taken into consideration.
A 30-year-old driver could lower rates by $272 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $410 by changing to a $1,000 deductible. Young drivers, like the 20-year-old, can cut $602 each year by using higher deductibles when buying full coverage.
If you make the decision to raise deductibles, it will be necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Insurance company ratings
Picking the best car insurance provider can be rather challenging considering how many different companies there are to choose from in Lincoln. The information in the next section may help you choose which providers to look at when comparing insurance rates for homeowners. These ratings are only comprised of companies that write coverage in many states, so smaller companies are not taken into consideration for the list.
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-
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
If you wish to have a consultation when buying car insurance for people who own their homes, the insurance agencies listed below are willing to help you determine which insurance coverage you need. To locate a Lincoln auto insurance agent near you, click the button following the list.
- Allstate Insurance: Darryl Moore
7111 A St #103 – Lincoln, NE 68510 – (402) 413-7111 - John Curry – State Farm Insurance Agent
4640 Champlain Dr #121 – Lincoln, NE 68521 – (402) 477-8383 - John Eshleman – State Farm Insurance Agent
7501 O St #103 – Lincoln, NE 68510 – (402) 483-7578 - Nicole Simon – State Farm Insurance Agent
4400 S 70th St #130 – Lincoln, NE 68516 – (402) 483-4441 - Mittelstadt Agency LLC
1701 K St – Lincoln, NE 68508 – (402) 434-3990
More insurance agents in Lincoln, NE
Tips for buying economical car insurance for homeowners
It’s not impossible to find cheaper rates, and here are some of the better thrifty ideas that can help drivers buy low-cost coverage.
- Improve your credit rating
- Increase your physical damage deductibles
- Bundle home and auto and earn a discount
- Do not pay for comprehensive and collision coverage on older vehicles
- Claim-free policyholders usually earn a discount
- Drive vehicles with five-star safety ratings
- Compare price quotes at least once a year
That last tip is incredibly significant, as we hit on in this article. Auto insurance rates can change significantly in a year, so don’t hesitate to switch to a new company if a better deal can be had.
Many drivers have brand loyalty and that’s fine, but we do not recommend it if that loyalty results in overpaying several hundred dollars every year. In just a couple of minutes you could compare prices to find cheaper car insurance for homeowners in Lincoln.