One of the more important things that determine the amount you pay each year for auto insurance is where you call home in Omaha. Areas with more people or more claims are more likely to have higher rates, whereas areas that tend to be more rural benefit from lower rates.
The following table sorts the most expensive cities in Nebraska for 16 year olds to purchase a policy in. Omaha comes in at #8 costing $1,257 on average, which is approximately $105 each month.
|Rank||City||Premium Per Year|
|7||South Sioux City||$1,264|
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Price information shown is comparative as zip code location can revise insurance rates considerably.
Determining which insurers offer the cheapest car insurance rates for 16 year olds calls for a bit more effort than just comparing a company or two. Each insurer used slightly different criteria for filing rates in each state, so let’s rank the car insurance companies with the most affordable rates in Omaha.
We do need to point out that Omaha, NE car insurance rates are based on many factors which can substantially decrease or increase the policy price. Getting older, moving to a new city, or getting caught speeding may generate price changes that may make certain companies cheaper than competitors.
Best Car Insurance Prices for Teens
Safeco offers some of the cheapest car insurance rates in Omaha at around $788 each year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska would also make the list of some of the cheapest Omaha, NE car insurance companies.
In the above example, if you currently have coverage with The Hartford and switched to Safeco, you might achieve an annual savings of in the neighborhood of $77. Insureds with Auto-Owners may save as much as $108 a year, and Allied insureds might see rate reductions of $133 a year.
These premium estimates are averaged across all ages of drivers and types of vehicles and do not factor in a specific location for 16 year olds. So the auto insurance company that can offer you the lowest price may not even be in the top 24 companies in the list above. That illustrates why you need to compare prices as often as possible using your own individual information.
The make and model of vehicle requiring insurance is probably the largest consideration when comparison shopping for the best cheap insurance for 16 year olds. Vehicles with economical engines, a great safety record, or low incidents of liability claims will cost much less to insure than fast, unsafe models.
The information below illustrates coverage rates for some of the most cost-effective vehicles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,332|
|Honda CR-V LX 2WD||$4,339|
|Toyota Tacoma 4WD||$4,869|
|Ford Edge SE AWD||$5,094|
|Honda Civic DX 4-Dr Sedan||$5,104|
|Chevrolet Impala LS||$5,094|
|GMC Sierra SLE Crew Cab 2WD||$5,134|
|Jeep Grand Cherokee Laredo 4WD||$5,143|
|Toyota RAV4 4WD||$5,134|
|Ford F-150 Lariat Super Cab 4WD||$5,176|
|Chevrolet Malibu LT||$5,183|
|Ford Explorer Limited AWD||$5,176|
|Dodge Grand Caravan Crew||$5,182|
|Ford Focus SES 4-Dr Sedan||$5,359|
|Honda Odyssey EX-L W/Rear Entertainment||$5,399|
|Hyundai Elantra SE 4-Dr Sedan||$5,404|
|Nissan Altima 2.5 S 4-Dr Sedan||$5,399|
|Toyota Camry XLE||$5,405|
|Toyota Corolla S||$5,399|
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Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific location which can lower or raise insurance rates considerably.
Based on these rates, you can conclude that models like the Ford Escape, Honda CR-V, Toyota Prius, Toyota Tacoma, and Ford Edge will be the less-costly vehicles to insure for new drivers. Rates will tend to be higher because of the fact that there is more inherent risk for 16 year olds, but overall those vehicles will have the cheapest rates that you’ll find.
Finding the right auto insurance provider can be a challenge considering how many choices drivers have in Nebraska. The ranking data below can help you analyze which auto insurers you want to consider purchasing from. The ratings below only include major nationwide insurance companies, so companies with more of a regional focus are not factored into this list.
Top 10 Large Auto Insurance Providers in Omaha Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Liberty Mutual
- The Hartford
- Farmers Insurance
Top 10 Large Auto Insurance Providers in Omaha Ranked by Customer Satisfaction
- USAA – 92%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- The Hartford – 87%
- Progressive – 87%
- AAA Insurance – 87%
- Farmers Insurance – 87%
- Liberty Mutual – 87%
Discount Omaha car insurance rates
Auto insurance companies that provide coverage for 16 year olds may additionally offer discounts that can reduce rates by as much as 30% if you meet eligibility requirements. Large car insurance companies and a partial list of their discounts can be read below.
- Farm Bureau discounts include youthful driver, renewal discount, multi-vehicle, good student, and safe driver.
- Liberty Mutual policyholders can earn discounts including good student, new vehicle discount, preferred payment discount, hybrid vehicle, exclusive group savings, and teen driver discount.
- State Farm offers premium reductions for Steer Clear safe driver discount, passive restraint, student away at school, good student, Drive Safe & Save, and multiple policy.
- Auto-Owners Insurance may have discounts that include teen driver, company car, air bags, good student, mature driver, and safe vehicle.
- GEICO has savings for good student, military active duty, multi-vehicle, anti-lock brakes, driver training, and daytime running lights.
- SAFECO includes discounts for bundle discounts, anti-theft, teen safety rewards, accident prevention training, and homeowner.
The example below shows the comparison of insurance costs with and without discounts. The premium estimates are based on a male driver, no violations or accidents, Nebraska state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with paid-in-full, continuous coverage, anti-theft, paperless filing, vehicle safety, and good student discounts applied. In this example, theaverage amount saved on car insurance for 16 year olds is 28% or $701.
The example below shows how choosing a deductible can increase or decrease annual premium costs when getting quotes for cheap insurance for 16 year olds. The premium estimates are based on a married male driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 40-year-old driver could pocket $210 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $316 by selecting a $1,000 deductible. Younger drivers, like the Age 20 category, could drop their prices $694 or more just by choosing higher deductibles. When increasing deductibles, it will be important to have additional savings on hand to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.