For bad credit, one of the largest factors that help determine auto insurance rates is where you live. Regions with more people or even just more weather-related claims tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The information below lists the most expensive places in Nebraska for low credit scores in which to purchase auto insurance. Omaha is ranked at #7 with the annual price of $1,257 for coverage, which is approximately $105 monthly.
|Rank||City||Average Per Year|
|8||South Sioux City||$1,251|
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Rate quotes are comparative as the specific garaging location can increase or decrease coverage rates noticeably.
Buying low-priced auto insurance is challenging, and deciding which companies offer the cheapest auto insurance rates for low credit scores may require even more rate comparisons.
Each auto insurance company has their own process to determine premium rates, so we need to take a look at the most competitive auto insurance companies in Nebraska.
Best Auto Insurance Prices in Nebraska
|Rank||Company||Cost Per Year|
|5||Farm Bureau Mutual||$980|
|6||Farmers Mutual of Nebraska||$1,009|
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Safeco normally has some of the best car insurance rates in Omaha at around $804 per year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual would also make the list of some of the most economical Omaha, NE car insurance companies.
As the example above demonstrates, if you buy coverage from The Hartford and switched to Safeco, you might achieve an annual savings of in the neighborhood of $61. Drivers with Auto-Owners might save as much as $101 a year, and Allied insureds might see rate reductions of $117 a year.
If you would like to find cheaper car insurance rates, click here to get quotes or visit any of the companies below.
It’s important to note that these prices are averaged across all drivers and vehicles in Nebraska and do not take into consideration a specific zip code for low credit scores. So the auto insurance company that can offer you the lowest price may not even be in the list above. That’s why you need to get car insurance quotes using your own individual information.
The make and model of vehicle you are seeking coverage for is a large factor when comparing quotes for cheap auto insurance for low credit scores. Vehicles with lower performance, excellent safety ratings, or a positive history of liability claims will cost much less to insure than adrenaline junky models. The table below shows coverage premiums for a selection of the cheapest automobiles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,061|
|Ford Escape Limited 2WD||$1,087|
|Honda Accord EX 4-Dr Sedan||$1,163|
|Ford Explorer XLT AWD||$1,191|
|Honda CR-V EX-L 2WD||$1,200|
|Dodge Grand Caravan Hero||$1,259|
|Toyota RAV4 Sport 4WD||$1,265|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,293|
|Honda Odyssey EX-L W/Rear Entertainment||$1,326|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,349|
|Nissan Rogue S AWD||$1,359|
|Ford Edge SE AWD||$1,349|
|GMC Sierra SLE Regular Cab 4WD||$1,356|
|Ford Focus SE 4-Dr Sedan||$1,349|
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Prices do not factor in zip code location which can lower or raise premium rates greatly.
Looking at the rates, cars like the Hyundai Elantra, Ford Escape, Honda Accord, Toyota Prius, and Ford Explorer will be a few of the less-costly vehicles to insure for bad credit.
How to get discounts on Omaha car insurance
Insurers that sell policies for low credit scores may also provide policy discounts that could reduce prices by as much as 35% or more if you qualify for them. A few of the larger companies and some of the premium reductions they offer are:
- Progressive offers premium reductions for online quote discount, online signing, continuous coverage, good student, and homeowner.
- The Hartford has savings for vehicle fuel type, defensive driver, anti-theft, air bag, good student, bundle, and driver training.
- Mercury Insurance discounts include good student, ease of repair, anti-theft, professional/association, and type of vehicle.
- GEICO may offer discounts for seat belt use, multi-vehicle, anti-lock brakes, daytime running lights, five-year accident-free, federal employee, and military active duty.
- AAA offers discounts including multi-car, good driver, education and occupation, anti-theft, and AAA membership discount.
- State Farm policyholders can earn discounts including driver’s education, Steer Clear safe driver discount, anti-theft, passive restraint, multiple autos, accident-free, and safe vehicle.
The example below shows the difference between auto insurance rates with and without discounts applied. The price estimates are based on a male driver, no accidents or driving violations, Nebraska state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with anti-theft, homeowner, claim-free, multiple vehicle, marriage, and multiple policy discounts applied. When discounts are applied, the average savings per year on auto insurance for low credit scores is 28% or $471.
The illustration below illustrates how your deductible choice can change insurance costs when getting quotes for cheap insurance for low credit scores. The price estimates are based on a single male driver, full physical damage coverage, and no other discounts are factored in.
The data above shows that a 30-year-old driver could lower their car insurance rates by $278 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $418 by choosing a $1,000 deductible. Younger drivers, such as the Age 20 example, could possibly save $808 or more just by choosing larger deductibles.
If you do raise deductibles, it will be important to have additional savings on hand to allow you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
The agents shown below are a good start to answer your questions and help you decide which auto insurance coverages would be the best in your situation, since many consumers aren’t sure which coverage to buy and prefer to have a professional recommendation when comparing insurance rates for bad credit. It’s not always simple to find coverage yourself, so getting advice from a licensed agent can give you peace of mind knowing you have decent coverage if you have a claim. To find an Omaha insurance agency using an interactive map, click the button after the list or click here to compare price quotes.
- Southwell Insurance Agency, LLC.
2809 S 160th St #307 – Omaha, NE 68130 – (402) 493-6940
- American Family Insurance – Daniel Grzywa Agency Inc
8031 W Center Rd Ste 209 – Omaha, NE 68124 – (402) 391-6364
- Alvarez Insurance Agency
4629 S 23rd St – Omaha, NE 68107 – (402) 733-1878
How to find the cheapest car insurance for low credit scores
It’s not impossible to find cheaper rates, and here are a few money-saving suggestions that can help Nebraska drivers quote cheaper car insurance.
- Avoid at-fault accidents and claims
- Good credit scores may lower your rates
- Buy vehicles with good safety ratings
- Increase your policy deductibles
- Drive safely
- Compare rates regularly and switch companies to save money
That last piece of advice is extremely valuable, as we stressed in the prior information. Prices charged by car insurance companies vary greatly, so don’t be hesitant to buy a different policy if a more affordable rate is found. Many drivers prefer to stick with one company, but we do not recommend it if that inflexibility results in costing you a considerable chunk of change every month. Now is a great time to compare rates to find cheaper insurance for low credit scores in Omaha.