The words “bargain” and “insurance” really don’t belong together, in particular when comparison shopping for the lowest insurance rates for retired military. Because of the high cost, let’s teach you a few of the factors that significantly impact auto insurance prices, and figure out some ways to take a little off the next policy you buy.
Finding out which companies offer the most affordable car insurance rates for retired military will require more time than just getting one or two price quotes. Every insurance provider has their own formula for determining prices, so let’s rank the most affordable car insurance companies in Nebraska.
Lowest Insurance Price Quotes for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $847 |
| 3 | Auto-Owners | $905 |
| 4 | Allied | $949 |
| 5 | Farm Bureau Mutual | $980 |
| 6 | Farmers Mutual of Nebraska | $1,009 |
| 7 | Nationwide | $1,037 |
| 8 | State Farm | $1,075 |
| 9 | General Casualty | $1,081 |
| 10 | American National | $1,098 |
| 11 | USAA | $1,162 |
| 12 | American Family | $1,246 |
| 13 | California Casualty | $1,270 |
| 14 | MetLife | $1,280 |
| 15 | EMC | $1,300 |
| 16 | Iowa Mutual | $1,347 |
| 17 | GEICO | $1,362 |
| 18 | Progressive | $1,402 |
| 19 | Farmers | $1,634 |
| 20 | North Star | $1,693 |
| Find Your Rate Go | ||
Safeco generally has some of the best car insurance rates in Lincoln at around $780 each 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 also some of the best Lincoln, NE auto insurance companies.
In the above example, if you buy coverage from Farm Bureau Mutual and switched to The Hartford, you might achieve a yearly savings of in the vicinity of $133. Insureds with Farmers Mutual of Nebraska might save as much as $162 a year, and Nationwide customers might reduce rates by $190 a year.
Understand that those policy prices are averaged for all drivers and vehicles in Nebraska and do not take into consideration a specific location for retired military. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That point stresses why you need to get quotes using your own personalized driver profile and vehicle information.
The vehicle model driven is one of the main factors when comparing affordable insurance for retired military. Vehicles with high performance, a lack of safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.
The data below presents auto insurance premiums for some of the most affordable automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $776 |
| Ford Escape Limited 2WD | $794 |
| Hyundai Elantra SE Touring Station Wagon | $966 |
| Toyota Prius | $984 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $992 |
| Nissan Rogue S 2WD | $986 |
| Dodge Grand Caravan CV | $998 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,044 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,049 |
| Kia Optima EX | $1,050 |
| Toyota RAV4 Limited 4WD | $1,054 |
| Chevrolet Equinox LT AWD | $1,059 |
| Volkswagen Jetta S 4-Dr Sedan | $1,054 |
| Chevrolet Malibu LS | $1,061 |
| Nissan Altima 2.5 4-Dr Sedan | $1,054 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,072 |
| Ford Explorer Eddie Bauer 4WD | $1,080 |
| Dodge Ram 2500 Crew Cab Laramie 2WD | $1,098 |
| Ford Edge SE AWD | $1,104 |
| Toyota Corolla LE | $1,108 |
| Chevrolet Silverado 2500HD LT Crew Cab Diesel 2WD | $1,116 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $1,146 |
| Ford F-150 Lariat King Ranch 4WD | $1,156 |
| Start a Quote Go | |
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in specific location information which can change coverage rates considerably.
Looking at the numbers, you can expect cars like the Honda CR-V, Ford Escape, and Hyundai Elantra should be a few of the most economical vehicles to insure for veterans.
For veterans, one of the more important things that are looked at to determine the amount you pay each year for auto insurance is your address in Lincoln. Cities with larger populations are more likely to pay higher prices, whereas more rural areas tend to receive cheaper rates.
The illustration below sorts the most expensive places in Nebraska for retired military to buy an auto insurance policy in. Lincoln is ranked #24 costing $1,106 on average, which is about $92 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Scottsbluff | $1,320 |
| 2 | McCook | $1,318 |
| 3 | Lexington | $1,316 |
| 4 | Gering | $1,303 |
| 5 | South Sioux City | $1,303 |
| 6 | North Platte | $1,301 |
| 7 | Alliance | $1,300 |
| 8 | Omaha | $1,233 |
| 9 | Kearney | $1,224 |
| 10 | Beatrice | $1,222 |
| 11 | Seward | $1,215 |
| 12 | Crete | $1,198 |
| 13 | Blair | $1,188 |
| 14 | Nebraska City | $1,176 |
| 15 | La Vista | $1,162 |
| 16 | Grand Island | $1,158 |
| 17 | York | $1,156 |
| 18 | Bellevue | $1,155 |
| 19 | Hastings | $1,147 |
| 20 | Norfolk | $1,147 |
| Find Cheaper Insurance Go | ||
Rate information is approximated as specific Lincoln garaging address can modify premiums greatly.
The diagram below highlights how deductible selection can raise or lower insurance costs when trying to find cheap insurance for retired military. The data assumes a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could pocket $312 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $468 by changing to a $1,000 deductible. Even younger drivers, such as the Age 20 example, have the ability to save as much as $950 annually by choosing a larger deductible amount. If you make the decision to raise deductibles, it’s a good idea to have spare funds to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Finding the best insurance company is hard considering how many companies provide coverage in Nebraska. The company ratings shown next may help you select which coverage providers to look at buying from.
The rankings below are for large nationwide companies, so smaller companies that only insure vehicles in Nebraska will not be included in the list. To compare prices from the most competitive companies in Nebraska, click this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Low rates can quickly become overpriced
Lincoln car insurance rates are based on many factors that may substantially change the cost of your policy. Simply having another birthday, getting divorced, or having a fender bender can trigger rate changes that can now make some companies cheaper in comparison to the competition. And not only may your rating factors change, but auto insurance companies modify pricing multiple times each year to adjust for gains or losses. Higher than normal claims may cause price increases, while profitable underwriting can cause lower-cost Lincoln car insurance rates.
As an example, the bar chart below analyzes the cheapest car insurance in Lincoln, NE for a 30-year-old female driver with a clear driving record, no claims, and excellent credit. If we compare prices based on her current risk profile, Safeco may have the most affordable car insurance rates in Lincoln at $812 each year. This is $504 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.
The chart below compares rates after we give the driver from the first set of rates a claim, poor credit, and a speeding ticket. Due to the fact that each insurance company has a proprietary formula to set their prices, comparing quotes could now result in a significantly different list of the cheapest car insurance companies in Lincoln as shown below.
Nationwide now has the best price on car insurance in Lincoln with State Farm, American National, General Casualty, and USAA completing the list. This illustrates why Lincoln drivers need to compare many different companies to find the most economical car insurance quotes for retired military.
Car insurance prices are impacted by many factors and change substantially, so the best price six months ago may now be one of the more expensive options.