The car, truck, or SUV requiring insurance is a large factor when looking for the lowest-priced coverage for unemployed drivers. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of liability claims will cost less to insure than high performance models.
The list below illustrates coverage rates for a selection of the most economical vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $788 |
| Honda CR-V EX-L 4WD | $880 |
| Ford Explorer XLT 2WD | $884 |
| Toyota RAV4 Sport 4WD | $934 |
| Chevrolet Impala LT | $944 |
| GMC Sierra SLE Regular Cab 2WD | $934 |
| Chevrolet Malibu LT | $950 |
| Toyota Prius | $956 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $962 |
| Toyota Camry SE | $984 |
| Toyota Corolla XRS | $1,000 |
| Ford Edge Limited 2WD | $1,028 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,040 |
| Ford F-150 FX2 2WD | $1,049 |
| Honda Accord EX 2-Dr Coupe | $1,050 |
| Toyota Camry Hybrid | $1,066 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,076 |
| Ford Focus SEL 4-Dr Sedan | $1,082 |
| Dodge Grand Caravan Crew | $1,076 |
| Dodge Ram Crew Cab TRX 4WD | $1,084 |
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate information does not factor in vehicle location which can modify premiums substantially.
Based upon these rates, we can assume that vehicles like the Ford Escape, Honda CR-V, Ford Explorer, Toyota RAV4, and Chevrolet Impala are most likely going to be the more affordable vehicles to insure for the unemployed.
One of the more important criteria that are looked at to determine the annual cost of car insurance is where you normally keep your vehicle in Lincoln. Areas with more people or more claims tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower coverage costs.
The following table sorts the most expensive areas in Nebraska for unemployed drivers in which to buy car insurance. Lincoln is ranked at #24 with a yearly cost of $1,095 for the average policyholder, which is approximately $91 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Scottsbluff | $1,360 |
| 2 | Alliance | $1,340 |
| 3 | McCook | $1,318 |
| 4 | Gering | $1,317 |
| 5 | South Sioux City | $1,290 |
| 6 | North Platte | $1,288 |
| 7 | Lexington | $1,277 |
| 8 | Crete | $1,246 |
| 9 | Blair | $1,236 |
| 10 | Beatrice | $1,235 |
| 11 | Omaha | $1,233 |
| 12 | Nebraska City | $1,212 |
| 13 | Hastings | $1,193 |
| 14 | Kearney | $1,188 |
| 15 | York | $1,180 |
| 16 | Seward | $1,179 |
| 17 | Fremont | $1,177 |
| 18 | Grand Island | $1,170 |
| 19 | Columbus | $1,150 |
| 20 | La Vista | $1,150 |
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Price information shown is estimated as the specific garaging location can alter coverage prices considerably.
The diagram below demonstrates how deductibles can influence insurance costs when researching cheap insurance for unemployed drivers. The data assumes a married female driver, comp and collision included, and no discounts are applied to the premium.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $276 a year by changing from a $100 deductible to a $500 deductible, or save $416 by using a $1,000 deductible. Even younger drivers, such as the Age 20 example, could possibly save $684 annually just by choosing higher deductibles.
If you make the decision to raise deductibles, it will be important to have plenty of savings on hand to enable you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Lincoln insurance companies ranked
Ending up with the right car insurance company can be a challenge considering how many companies are available to choose from in Nebraska. The ranking data in the lists below may help you choose which insurers to look at when comparing rates. The rankings below are for companies who write in the majority of U.S. states, so companies that focus mainly on Nebraska business will not be included in this list.
Top 10 Large Auto Insurance Providers in Lincoln Ranked by Customer Service
- State Farm
- Nationwide
- Safeco Insurance
- American Family
- Travelers
- Liberty Mutual
- GEICO
- Allstate
- The Hartford
- Farmers Insurance
Top 10 Large Auto Insurance Providers 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-
Types of discounts on Lincoln car insurance rates
Auto insurance companies that provide coverage for unemployed drivers could also offer premium discounts that may potentially lower prices by as much as 35% if you qualify. A list of companies and some of the discounts are shown below.
- GEICO may include discounts for seat belt use, five-year accident-free, federal employee, emergency military deployment, air bags, defensive driver, and driver training.
- Travelers offers discounts for good student, new car, home ownership, payment discounts, multi-policy, and save driver.
- Farm Bureau has discounts for good student, safe driver, 55 and retired, multi-vehicle, driver training, renewal discount, and multi-policy.
- Liberty Mutual may have discounts that include new graduate, multi-policy, preferred payment discount, teen driver discount, safety features, exclusive group savings, and newly married.
- American Family has savings for mySafetyValet, air bags, accident-free, good student, multi-vehicle, and Steer into Savings.
- Progressive policyholders can earn discounts including multi-vehicle, online quote discount, good student, continuous coverage, online signing, and multi-policy.
The diagram below illustrates the comparison of car insurance costs with and without discounts applied to the premium. Data assumes a female driver, no claims, a clean driving record, 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 second bar shows the rates with passive restraint, marriage, accident-free, multiple vehicle, safe-driver, and claim-free discounts applied. When taking advantage of discounts, theamount saved on insurance for unemployed drivers is 28% or $455.
How to find low-cost auto insurance for unemployed drivers
It is possible to find better rates, and here are some of the recommended penny-pinching solutions that can help you get more affordable coverage.
- Avoid getting citations and tickets
- Vehicles with safetly features generally cost less to insure
- Higher deductibles mean lower rates
- Good credit can mean cheaper rates
- Drop full coverage on older vehicles
- Being accident-free can lower rates significantly
- Compare rates regularly to ensure the best deal
The last item on the list is remarkably significant, as we pointed out in this piece. Coverage rates can be modified anytime, so don’t be afraid to buy from a different company if a better deal can be had. We understand brand loyalty, but it’s not a good idea if that stubbornness costs you thousands of dollars over several years. In just a couple of minutes you could compare rates to find cheaper auto insurance for unemployed drivers in Lincoln.