The words “bargain” and “insurance” really shouldn’t be used in the same sentence, in particular when you are trying to find the lowest insurance prices with multiple speeding tickets. Because it’s not cheap, let’s teach you some things the can have a considerable influence on car insurance prices, and figure out some ideas to slash the price of your next policy.
Finding dependable, budget insurance is hard enough, and finding out which company quotes the best insurance rates with multiple speeding tickets calls for a little more work.
Each insurer uses their own method for setting prices, so first let’s look at the rankings for the insurance companies that tend to be cheaper in Nebraska. Keep in mind that Lincoln insurance rates are based on many factors that will increase or decrease the price of your policy. Events like a birthday, marrying your spouse, or having an accident can trigger price changes resulting in some rates now being affordable when they were higher priced.
Best Insurance Companies with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $804 |
| 2 | The Hartford | $839 |
| 3 | Auto-Owners | $905 |
| 4 | Allied | $911 |
| 5 | Farmers Mutual of Nebraska | $979 |
| 6 | Farm Bureau Mutual | $990 |
| 7 | Nationwide | $1,007 |
| 8 | State Farm | $1,033 |
| 9 | General Casualty | $1,081 |
| 10 | American National | $1,087 |
| 11 | USAA | $1,116 |
| 12 | American Family | $1,296 |
| 13 | California Casualty | $1,309 |
| 14 | MetLife | $1,319 |
| 15 | GEICO | $1,322 |
| 16 | Iowa Mutual | $1,334 |
| 17 | EMC | $1,354 |
| 18 | Progressive | $1,460 |
| 19 | Farmers | $1,634 |
| 20 | North Star | $1,693 |
| Find Cheaper Rates Go | ||
Safeco generally has some of the best car insurance rates in Lincoln at around $804 each year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also qualify as some of the most economical Lincoln, NE car insurance companies.
As shown above, if you buy coverage from The Hartford and switched to Safeco, you may realize yearly savings of in the vicinity of $35. Policyholders with Auto-Owners may save as much as $101 a year, and Allied insureds might lower prices by up to $107 a year.
To see if you’re overpaying, click here to start a quote or visit any of the companies below.
Understand that those policy rates are averages for all drivers and vehicles in Nebraska and and are not calculated with an exact location with multiple speeding tickets. So the company that can offer you the lowest price may not even be in the list above. That helps illustrate why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
One of the more important criteria that determine the amount you pay each year for auto insurance is where you normally keep your vehicle in Lincoln. Areas with high crime rates or more dense population will most likely have higher rates, whereas more rural areas benefit from having to pay less for coverage.
The following table sorts the most costly cities in Nebraska with multiple speeding tickets to purchase auto insurance in. Lincoln comes in at #24 with the annual price of $1,095 for car insurance, which is around $91 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Scottsbluff | $1,334 |
| 2 | McCook | $1,331 |
| 3 | Gering | $1,303 |
| 4 | Alliance | $1,300 |
| 5 | Lexington | $1,277 |
| 6 | South Sioux City | $1,264 |
| 7 | Beatrice | $1,259 |
| 8 | Omaha | $1,257 |
| 9 | North Platte | $1,250 |
| 10 | Nebraska City | $1,224 |
| 11 | Crete | $1,210 |
| 12 | Bellevue | $1,190 |
| 13 | Kearney | $1,188 |
| 14 | Blair | $1,188 |
| 15 | Hastings | $1,182 |
| 16 | Seward | $1,179 |
| 17 | Columbus | $1,174 |
| 18 | York | $1,145 |
| 19 | Fremont | $1,131 |
| 20 | Papillion | $1,129 |
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Annual rates are approximated as specific Lincoln zip code can affect premiums substantially.
Liability rates compared to full coverage
Finding cheaper insurance is probably important to most vehicle owners, and one of the easiest ways to pay less for insurance with multiple speeding tickets is to not insure for full coverage. The example below shows the comparison of insurance rates with full coverage compared to only the Nebraska minimum liability coverage. The prices are based on no violations or accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.
If we average all the age groups together, physical damage coverage on your policy costs $1,722 per year more than buying just liability insurance. That is a large expense which might make you wonder if buying full coverage is a good investment. There isn’t a written rule to delete full coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
There are some cases where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not eliminate full coverage.
The chart below shows how different deductible levels can change insurance costs when searching for cheap insurance with multiple speeding tickets. The information is based on a married male driver, full coverage, and no other discounts are factored in.
As shown above, a 40-year-old driver could cut expenses by $210 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $316 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old example, could possibly save as much as $694 or even more by using higher deductibles when buying full coverage.
When choosing a higher deductible, it will be important to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Get discount Lincoln car insurance rates
Insurers that offer quotes with multiple speeding tickets may provide rate discounts that can reduce rates by as much as 35% or more if you qualify. Companies and a summarized list of policyholder discounts are:
- American Family may offer discounts for air bags, bundled insurance, good student, accident-free, and TimeAway discount.
- State Farm may have discounts that include Drive Safe & Save, multiple autos, defensive driving training, student away at school, Steer Clear safe driver discount, good student, and multiple policy.
- 21st Century discounts include air bags, student driver, early bird, theft prevention, anti-lock brakes, and automatic seat belts.
- Travelers includes discounts for driver training, continuous insurance, hybrid/electric vehicle, payment discounts, and home ownership.
- GEICO offers discounts for multi-vehicle, federal employee, five-year accident-free, anti-theft, defensive driver, and multi-policy.
The example below shows the difference between premium costs with and without discounts. The premiums are based on a male driver, no at-fault accidents and one violation, Nebraska state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, anti-theft, homeowner, marriage, multiple vehicle, and paperless filing discounts applied. When these discounts are applied, the average savings per year on insurance with multiple speeding tickets is 28% or $444.