It’s hard to miss the captivating commercials from insurers like The General and Nationwide guaranteeing enormous savings, so drivers should just pick the one with the best commercial, right?
Unfortunately, it’s just not that easy, as there are a whole bunch of unknown elements like what coverage limits you need, how old you are, whether or not you own a home, and what deductibles to use for physical damage coverage, that all factor into the price you pay. This article covers the best ways to compare rates and should give you some help in finding cheaper rates.
Trying to buy cost effective car insurance is challenging, and deciding which company quotes the cheapest auto insurance rates for drivers under 25 calls for more quotes for comparison. Every insurance provider has a unique approach to determine rates, so we’ll go over the most affordable auto insurance companies in Lincoln, NE.
Best Car Insurance Prices for Young Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $839 |
| 3 | Allied | $921 |
| 4 | Auto-Owners | $923 |
| 5 | Farmers Mutual of Nebraska | $989 |
| 6 | Farm Bureau Mutual | $990 |
| 7 | Nationwide | $997 |
| 8 | State Farm | $1,043 |
| 9 | American National | $1,054 |
| 10 | General Casualty | $1,125 |
| 11 | USAA | $1,150 |
| 12 | California Casualty | $1,270 |
| 13 | American Family | $1,284 |
| 14 | Iowa Mutual | $1,295 |
| 15 | MetLife | $1,332 |
| 16 | GEICO | $1,348 |
| 17 | EMC | $1,354 |
| 18 | Progressive | $1,417 |
| 19 | Farmers | $1,650 |
| 20 | North Star | $1,710 |
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Safeco may offer some of the lowest car insurance rates in Lincoln at around $780 each year. This is $536 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska also make the cut as some of the cheaper Lincoln, NE auto insurance companies.
As the example above demonstrates, if you currently have a policy with Auto-Owners and switched to Safeco, you may see an annual premium reduction of in the neighborhood of $143. Nebraska drivers with Farmers Mutual of Nebraska might save as much as $209 a year, and Farm Bureau Mutual policyholders might see rate reductions of $210 a year.
To find out how your current rates compare, click here or quote prices from the following companies.
Be aware that those policy prices are averaged for all ages of drivers and types of vehicles and are not factoring in a vehicle location for drivers under 25. So the auto insurance company that is most affordable for your situation may not even be in the top 24 companies in the list above. That affirms the importance of why you need to quote rates from many companies using your own specific driver and vehicle information.
The make and model of vehicle requiring insurance is a large consideration when looking for the most affordable coverage for drivers under 25. Vehicles with economical engines, a great safety record, or a positive history of liability claims will cost substantially less to insure than fast, unsafe models.
The data below estimates coverage rates for a number of the most cost-effective automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,712 |
| Honda Accord LX-P 4-Dr Sedan | $1,719 |
| Honda CR-V EX-L 2WD | $1,738 |
| Toyota Prius | $1,870 |
| Dodge Grand Caravan CV | $1,916 |
| Ford Explorer XLT 4WD | $1,925 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,980 |
| Toyota Tacoma 2WD | $1,998 |
| Ford Edge SEL AWD | $2,005 |
| Chevrolet Equinox LT AWD | $2,024 |
| Nissan Altima 2.5 4-Dr Sedan | $2,033 |
| Chevrolet Impala LT | $2,024 |
| Toyota RAV4 4WD | $2,030 |
| Ford Fusion S 4-Dr Sedan | $2,024 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $2,112 |
| Toyota Corolla S | $2,134 |
| Hyundai Elantra SE 4-Dr Sedan | $2,139 |
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Above prices assume single female 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. Rate information does not factor in specific garaging location which can impact price quotes significantly.
Based upon these rates, we can expect makes and models like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Dodge Grand Caravan will be some of the more affordable vehicles to insure for drivers age 25 and younger. The cost of a car insurance policy will trend higher just due to the fact that there is more exposure for drivers under 25, but in general those vehicles will have the lowest insurance rates possible.
For drivers age 25 and younger, one of the more important considerations that are used to help calculate the amount you pay each year for auto insurance is where you live in Lincoln. Areas with more people or higher crime rates tend to pay more, whereas areas with lower crime rates and fewer weather claims can boast about having cheaper rates.
The information below lists the priciest cities in Nebraska for drivers under 25 to purchase a policy in. Lincoln makes the list at #24 with an annual cost of $1,062 for the average policy, which is about $89 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Scottsbluff | $1,374 |
| 2 | Gering | $1,357 |
| 3 | Alliance | $1,340 |
| 4 | Lexington | $1,303 |
| 5 | South Sioux City | $1,303 |
| 6 | North Platte | $1,288 |
| 7 | McCook | $1,279 |
| 8 | Omaha | $1,270 |
| 9 | Beatrice | $1,259 |
| 10 | Crete | $1,246 |
| 11 | Nebraska City | $1,212 |
| 12 | Kearney | $1,200 |
| 13 | Blair | $1,200 |
| 14 | Seward | $1,179 |
| 15 | Bellevue | $1,179 |
| 16 | Columbus | $1,174 |
| 17 | La Vista | $1,162 |
| 18 | Hastings | $1,158 |
| 19 | Norfolk | $1,147 |
| 20 | York | $1,145 |
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Premium amounts are estimated as the specific zip code location can alter price quotes considerably.
Types of discounts on Lincoln car insurance rates
Car insurance companies that sell policies for drivers under 25 may additionally offer special discounts that could lower prices by as much as 30% if you meet eligibility requirements. Companies and some of their more popular discounts include:
- GEICO has savings for multi-vehicle, membership and employees, daytime running lights, federal employee, multi-policy, air bags, and driver training.
- USAA offers discounts including family discount, multi-vehicle, annual mileage, defensive driver, military installation, driver training, and loyalty savings.
- Progressive policyholders can earn discounts including online quote discount, continuous coverage, online signing, good student, multi-policy, multi-vehicle, and homeowner.
- American Family has discounts for Steer into Savings, early bird, defensive driver, good driver, bundled insurance, accident-free, and TimeAway discount.
- Esurance includes discounts for online shopper, claim free, renters, multi-policy, and homeowner.
- Farmers Insurance offers discounts for homeowner, pay in full, teen driver, bundle discounts, good student, and distant student.
- State Farm may offer discounts for student away at school, passive restraint, anti-theft, driver’s education, and good student.
The diagram below visualizes the comparison of car insurance rates with and without discounts. The prices are based on a female driver, a clean driving record, no claims, Nebraska state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with good student, continuous coverage, vehicle safety, anti-theft, paid-in-full, and paperless filing discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for drivers under 25 is 21% or $432.
Buying coverage from the highest-rated auto insurance provider can be challenging considering how many different companies there are to choose from in Nebraska. The company rank data shown below may help you select which auto insurers you want to consider when looking for cheaper rates.
These rankings include large insurance companies, so smaller companies that only insure vehicles in Nebraska are not taken into consideration for this list. To compare price quotes from these top insurers and more, simply click here.
| 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
Lincoln car insurance rates
Nebraska auto insurance rates are influenced by many factors that can increase the price you have to pay for coverage. Simply turning a year older, getting married, or getting a DUI can trigger price changes resulting in some rates now being more affordable than others.
Additionally, car insurance companies change rates as often as every quarter to ensure their profitability. A period of higher than normal claims may result in increased rates, while a lower level of claims may cause cheaper Lincoln car insurance rates.
For instance, the chart below shows the companies that have the cheapest car insurance in Lincoln, NE for a 45-year-old female driver with no violations or accidents, and a good credit history. If we look at prices based on her personal profile, Safeco quotes the cheapest car insurance rates in Lincoln at $780 per year. This is $536 less than the average rate 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 example below compares rates after we give the driver in the first example a chargeable claim, bad credit, and a stop sign violation. Due to the fact that every insurance company has a unique formula to set premium rates, analyzing rate quotes will most likely result in a completely different list of companies as shown below.
Farmers Mutual of Nebraska now has the lowest price in Lincoln, NE with American National, State Farm, General Casualty, and USAA completing the list. This example illustrates why Lincoln drivers need to take the time to shop around to get the most affordable car insurance rates for drivers under 25.
Insurance rates are calculated by many things and can increase or decrease at any time, so the lowest-price company six months ago may now be priced much higher than other options.