Ideally, we could simply tell you the company that has the most affordable insurance in Nebraska. Unfortunately, it’s not that simple as there are a whole bunch of unknowns like any driving violations you may have, if you are married or single, whether or not you are currently insured, and if you just need liability coverage, that all impact the cost of your policy. We are going to cover the things that influence insurance rates and hopefully give you enough understanding to have some help in finding cheaper rates.
One of the many considerations that are looked at to help calculate the amount you pay each year for auto insurance is where your car is garaged in Lincoln. Cities with larger populations or higher claim trends are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The next table rates the priciest cities in Nebraska for 20 year old guys to purchase a policy in. Lincoln is listed at #24 with an annual cost of $1,106 for the average insured, which is approximately $92 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Alliance | $1,354 |
| 2 | Gering | $1,343 |
| 3 | McCook | $1,331 |
| 4 | Scottsbluff | $1,320 |
| 5 | Lexington | $1,316 |
| 6 | South Sioux City | $1,251 |
| 7 | North Platte | $1,250 |
| 8 | Crete | $1,246 |
| 9 | Beatrice | $1,235 |
| 10 | Omaha | $1,233 |
| 11 | Seward | $1,215 |
| 12 | Kearney | $1,200 |
| 13 | Hastings | $1,193 |
| 14 | York | $1,191 |
| 15 | Blair | $1,188 |
| 16 | Columbus | $1,185 |
| 17 | Nebraska City | $1,176 |
| 18 | Norfolk | $1,159 |
| 19 | Bellevue | $1,144 |
| 20 | Papillion | $1,140 |
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Premium costs are approximated as the specific area where the vehicle is garaged can lower or raise rates greatly.
The vehicle model you are insuring is one of the largest considerations that determines whether or not you find the most economical auto insurance for 20 year old guys. Vehicles with high performance features, a lack of safety features, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models.
The list below features insurance rates for a number of the most affordable automobiles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $2,040 |
| Ford Escape XLS 4WD | $2,046 |
| Toyota Prius | $2,252 |
| Ford Explorer XLT 4WD | $2,272 |
| Ford F-150 XL Super Cab 4WD | $2,280 |
| Ford Focus SE 4-Dr Sedan | $2,394 |
| Ford Fusion S 4-Dr Sedan | $2,424 |
| Jeep Grand Cherokee Laredo 4WD | $2,429 |
| Toyota RAV4 Limited 2WD | $2,424 |
| Volkswagen Jetta LE 4-Dr Sedan | $2,431 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $2,452 |
| Dodge Grand Caravan SXT | $2,454 |
| Toyota Tacoma Double Cab 4WD | $2,460 |
| Toyota Camry XLE | $2,574 |
| Chevrolet Impala LTZ | $2,582 |
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Price data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific zip code location which can increase or decrease price quotes noticeably.
Looking at the numbers, models like the Honda CR-V, Ford Escape, Toyota Prius, and Ford Explorer are most likely to be a few of the most affordable vehicles to insure for young men. Rates will be more costly because of the fact that there is more liability risk for 20 year old guys, but in general those specific models will probably have the cheapest rates compared to all other vehicles.
Finding out which companies quote the best auto insurance rates for 20 year old guys will take more time than just comparing a company or two.
Every insurance provider uses their own calculation to determine rates, so we will examine the auto insurance companies that tend to have lower prices in Lincoln.
Find Cheaper Auto Insurance for Men Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $839 |
| 3 | Auto-Owners | $896 |
| 4 | Allied | $911 |
| 5 | Farmers Mutual of Nebraska | $979 |
| 6 | Farm Bureau Mutual | $1,010 |
| 7 | Nationwide | $1,037 |
| 8 | State Farm | $1,065 |
| 9 | American National | $1,087 |
| 10 | General Casualty | $1,114 |
| 11 | USAA | $1,162 |
| 12 | American Family | $1,258 |
| 13 | California Casualty | $1,296 |
| 14 | GEICO | $1,308 |
| 15 | EMC | $1,314 |
| 16 | MetLife | $1,332 |
| 17 | Iowa Mutual | $1,334 |
| 18 | Progressive | $1,445 |
| 19 | North Star | $1,642 |
| 20 | Farmers | $1,650 |
| Find Your Rate Go | ||
Safeco quotes some of the lowest car insurance rates in Lincoln at around $780 annually. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska would also make the list of some of the cheapest Lincoln, NE car insurance companies.
As illustrated above, if you currently have a policy with Farmers Mutual of Nebraska and switched to The Hartford, you could see a yearly price reduction of roughly $140. Nebraska drivers with Farm Bureau Mutual could save as much as $171 a year, and Nationwide policyholders might realize rate reductions of up to $198 a year.
If you want to find out if you’re overpaying, click here to begin a quote or visit any of the low-priced companies below.
Understand that those estimates are averaged for all drivers and vehicles and are not factoring in an exact location for 20 year old guys. So the auto insurance company that has the cheapest rates for you may not even be in the list above. That helps illustrate why you need to compare prices as often as possible using your own specific driver and vehicle information.
The illustration below demonstrates how deductibles can affect insurance costs when getting quotes for cheap insurance for 20 year old guys. The costs are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
The chart above illustrates that a 50-year-old driver could lower rates by $244 a year by changing from a $100 deductible to a $500 deductible, or save $370 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could possibly save up to $808 each year by choosing a larger deductible amount. When insureds make the decision to increase the deductibles on their policy, it is necessary to have additional savings on hand to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Drive responsibly or pay higher rates
The easiest way to maintain the most affordable auto insurance rates for young men is to drive safe and avoid getting tickets or having accidents. The chart below illustrates how traffic citations and at-fault collisions can drive up yearly insurance costs for different age categories. The information is based on a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
In the previous example, the average cost of a car insurance policy in Nebraska per year with no accidents or violations is $1,579. Add in two speeding tickets and the average cost hikes up to $2,088, an increase of $510 each year. Now include one accident along with the two speeding tickets and the annual cost of auto insurance for 20 year old guys goes up to an average of $2,599. That’s an increase of $1,020, or $85 per month, just for not maintaining a clean driving record!
Don’t stick with an overpriced policy
Lincoln, NE auto insurance rates are impacted by many things which can significantly increase or decrease the cost of having a policy. Simply turning a year older, buying higher coverage limits, or getting a driving violation can trigger price changes that may make certain companies more affordable than competitors. Not only may your risk profile change, but companies change prices as often as every quarter to ensure their profitability. Higher than usual claims may cause more expensive prices, while a better loss history can cause lower-priced Lincoln car insurance rates.
As an example, the graph below shows which company has the cheapest car insurance in Lincoln, NE for a 30-year-old male driver with no accidents, a clean driving record, and good financial standing. If we estimate prices based on his current rating profile, Safeco has the best car insurance rates in Lincoln at $804 a year. This is $512 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are the remainder of the cheapest Lincoln, NE auto insurance companies.
The next chart shows rates after we give the driver from above an accident claim, bad credit, and an imperfect driving record. Since every car insurance company has a unique approach to determine rates, comparing quotes could result in a different ranking of cheap Lincoln auto insurance companies as shown below.
Nationwide now has the lowest car insurance rate in Lincoln with State Farm, General Casualty, American National, and USAA now rounding out the top five. This example proves why it is crucial to do a thorough rate comparison when trying to get affordable insurance quotes for 20 year old guys. Car insurance prices are influenced by many different factors and change dramatically, so the cheapest company the last time you shopped around may now be priced much higher than other options.