It’s hard to miss the catchy advertisements from companies like Allstate and Farmers promising huge savings, so you just need to pick the company with the catchiest ad, right?
Unfortunately, it’s just not that easy, as there are many unknowns such as your marital status, the deductible level you need, and how many years you have been driving, that all impact the price you pay. We will attempt to cover the best ways to avoid paying too much and will hopefully give you a good beginning to your quest for cheaper car insurance in Lincoln.
Comparing rates for budget car insurance is easier said than done, and deciding which insurers offer the best auto insurance rates for low credit scores may require more quotes for comparison. Each insurer has a different formula to set policy rates, so to begin we’ll rank the most competitive auto insurance companies in Lincoln, NE.
Compare Cheap Insurance Quotes in Nebraska
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $804 |
| 2 | The Hartford | $865 |
| 3 | Allied | $911 |
| 4 | Auto-Owners | $932 |
| 5 | Farmers Mutual of Nebraska | $989 |
| 6 | Farm Bureau Mutual | $1,010 |
| 7 | Nationwide | $1,037 |
| 8 | State Farm | $1,065 |
| 9 | General Casualty | $1,081 |
| 10 | American National | $1,098 |
| 11 | USAA | $1,128 |
| 12 | California Casualty | $1,257 |
| 13 | MetLife | $1,280 |
| 14 | American Family | $1,296 |
| 15 | Iowa Mutual | $1,347 |
| 16 | EMC | $1,354 |
| 17 | GEICO | $1,362 |
| 18 | Progressive | $1,402 |
| 19 | Farmers | $1,634 |
| 20 | North Star | $1,710 |
| Get Personalized Rates Go | ||
Safeco quotes some of the best car insurance rates in Lincoln at around $804 each year. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska would also make the list of some of the cheapest Lincoln, NE auto insurance companies.
In the above example, if you are insured with Farmers Mutual of Nebraska and switched to The Hartford, you may see a yearly price reduction of upwards of $124. Nebraska drivers with Farm Bureau Mutual could save as much as $145 a year, and Nationwide policyholders might cut rates by $172 a year.
To find cheaper insurance rates for your vehicle, click here to start your free quote or quote prices from the following companies.
These premiums are averages across all types of insureds and vehicles and and are not calculated with a vehicle location for low credit scores. So the auto insurance company that has the lowest price for you may not even be in the top 24 companies in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.
For bad credit, one of the big considerations that aid in calculating auto insurance rates is the neighborhood you call home in Lincoln. Areas with increased crime or more people will most likely have higher rates, whereas less populated areas benefit from lower coverage costs.
The information below ranks the highest-priced areas in Nebraska for low credit scores to buy an auto insurance policy in. Lincoln is ranked at #24 with an annual cost of $1,073 for the average policyholder, which is around $89 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Scottsbluff | $1,374 |
| 2 | Alliance | $1,314 |
| 3 | Gering | $1,303 |
| 4 | McCook | $1,279 |
| 5 | Lexington | $1,277 |
| 6 | Omaha | $1,270 |
| 7 | North Platte | $1,262 |
| 8 | South Sioux City | $1,251 |
| 9 | Kearney | $1,236 |
| 10 | Beatrice | $1,235 |
| 11 | Seward | $1,215 |
| 12 | Nebraska City | $1,212 |
| 13 | Crete | $1,210 |
| 14 | Blair | $1,200 |
| 15 | Hastings | $1,182 |
| 16 | La Vista | $1,162 |
| 17 | Grand Island | $1,158 |
| 18 | Columbus | $1,150 |
| 19 | Norfolk | $1,147 |
| 20 | York | $1,145 |
| Quote Best Rates Go | ||
Rate quotes are estimated as specific Lincoln garaging address can influence coverage prices substantially.
Types of discounts on Lincoln auto insurance
Car insurance companies that provide policies for low credit scores may also provide discounts that could lower prices by as much as 30% if you are eligible. The best auto insurance companies and some of the discounts can be found below.
- Progressive discounts include continuous coverage, multi-vehicle, online signing, multi-policy, and online quote discount.
- SAFECO policyholders can earn discounts including anti-lock brakes, drive less, homeowner, anti-theft, and safe driver.
- American Family includes discounts for air bags, early bird, bundled insurance, Steer into Savings, and accident-free.
- MetLife may offer discounts for good student, claim-free, multi-policy, good driver, defensive driver, accident-free
- GEICO offers discounts including seat belt use, defensive driver, anti-theft, membership and employees, air bags, and multi-policy.
- The Hartford has savings for bundle, air bag, vehicle fuel type, anti-theft, driver training, and good student.
The example below shows the comparison of car insurance costs with and without discounts applied to the premium. The rates are based on a male driver, no accidents, no driving violations, Nebraska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with multiple vehicle, passive restraint, homeowner, defensive driving course, claim-free, and multiple policy discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for low credit scores is 28% or $587.
The diagram below demonstrates how deductibles can change insurance costs when researching cheap insurance for low credit scores. The premiums are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could save $282 a year by changing from a $100 deductible to a $500 deductible, or save $424 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, can cut $950 every year by selecting a higher deductible. When raising deductibles, it is essential to have enough in a savings account to allow you to pay the extra out-of-pocket expense that comes with higher deductibles.
Compare quotes and save
Lincoln auto insurance rates are influenced by many factors that control the cost of coverage. Turning one year older, moving to a different location, or having an at-fault accident can trigger rate changes resulting in some rates now being cheaper than competitors.
In addition to those changes, companies change rates as needed to reflect underwriting profits or losses. Significantly higher claims can cause more expensive premiums, while a lower level of claims can result in more affordable Lincoln car insurance rates.
For example, the chart below compares the cheapest car insurance in Lincoln, NE for a 30-year-old male driver with a clear driving record, no claims, and great credit. Based on his personal risk profile, Safeco might quote the lowest car insurance rates in Lincoln at $812 per year. This is $504 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska are the rest of the cheapest Lincoln, NE auto insurance companies.
Now we will give the driver from the first set of rates some claims, a lower credit score, and an imperfect driving record. Due to the fact that every auto insurer has their own unique process for determining rates, comparing prices could result in a significantly different list of affordable companies as shown below.
Nationwide now has the cheapest rate in Lincoln, NE with State Farm, American National, General Casualty, and USAA now rounding out the top five. This illustrates why Lincoln drivers need to shop around to find the most affordable car insurance quotes for low credit scores. Insurance prices can be determined by many things and can change substantially, so the most economical option a year ago may now be an over-priced policy.
The agencies below are a good start to provide answers to your questions and help you determine which coverage meets your needs best, since some people prefer to get some guidance when buying car insurance for bad credit. It can be complicated to find the cheapest rates, so agents can provide you satisfaction knowing your policy gives you adequate asset protection. To find an auto insurance agency close to where you live, click the button after the list or click here to get price quotes now.
American Family Insurance – James L. Brown Agency Inc
4500 Cornhusker Hwy Ste 1 – Lincoln, NE 68504 – (402) 465-0748
Brokers Insurance
3325 A St – Lincoln, NE 68510 – (402) 434-0480
Gale Breed – State Farm Insurance Agent
8421 Amber Hill Ct #1 – Lincoln, NE 68526 – (402) 483-2802
INSPRO Insurance
4000 Pine Lake Rd – Lincoln, NE 68516 – (402) 483-4500
Find a Lincoln, NE insurance agent near you
How to find economical insurance for low credit scores
It’s not impossible to find cheaper rates, and here are many penny-pinching ideas that can help you find low-cost coverage.
- Higher comprehensive and collision coverage deductibles will save money
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Good credit scores may make rates cheaper
- Avoid accidents
- Try to pay small claims out-of-pocket
- Bundle home or renters insurance to earn a discount on car insurance
- Compare rate quotes frequently
The last tip in the list is certainly significant, as we pointed out in this piece. Prices charged by companies can change considerably based on profitability, so you should be ready to switch companies if you find a cheaper price. Brand loyalty is not necessarily bad, but we do not recommend it if that dedication is costing major coinage every year. If you have a few minutes, now is a great time to shop around and find cheaper insurance for low credit scores in Lincoln.