How Much are Auto Insurance Rates for Lyft Drivers in Omaha?

For Lyft vehicles, one of the more important components that are looked at to determine the amount you pay for auto insurance is the neighborhood you call home in Omaha. More populated areas are more likely to have higher rates, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.

The information below shows the most expensive cities in Nebraska for Lyft drivers to purchase auto insurance in. Omaha shows up at #12 with an annual cost of $1,220 for the average policy, which is about $102 each month.

Car insurance prices in Omaha
Rank City Annual Premium
1 Alliance $1,354
2 Scottsbluff $1,334
3 McCook $1,331
4 Gering $1,317
5 South Sioux City $1,303
6 Lexington $1,303
7 North Platte $1,288
8 Beatrice $1,272
9 Kearney $1,236
10 Crete $1,234
11 Seward $1,227
12 Omaha $1,220
13 Blair $1,200
14 Hastings $1,193
15 Bellevue $1,190
16 Columbus $1,185
17 Nebraska City $1,176
18 York $1,156
19 Fremont $1,142
20 Grand Island $1,136
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Premium costs are approximated as the garaging address in Omaha can decrease or increase coverage rates greatly.

Trying to find low-priced insurance is not easy, and finding out which company offers the lowest-priced insurance rates for Lyft drivers takes even more diligence. Every insurance company uses different criteria for establishing rates, so let’s take a look at the most affordable insurance companies in Omaha.

It’s important to know that Omaha, NE insurance rates are calculated based on many things that control the price you pay. Price variation is why it is crucial to compare lots of rates when trying to get cheap insurance quotes for Lyft drivers. Insurance rates are calculated by many factors and can increase or decrease at any time, so the cheapest rate the last time you shopped around may now be an over-priced policy.

Lowest Insurance Price Quotes for Your Lyft Vehicle

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Nebraska auto insurance company rankings
Rank Company Cost Per Year
1 Safeco $780
2 The Hartford $847
3 Auto-Owners $905
4 Allied $949
5 Farmers Mutual of Nebraska $1,009
6 Farm Bureau Mutual $1,020
7 State Farm $1,033
8 Nationwide $1,037
9 American National $1,087
10 General Casualty $1,125
11 USAA $1,128
12 American Family $1,246
13 California Casualty $1,296
14 Iowa Mutual $1,308
15 MetLife $1,319
16 GEICO $1,322
17 EMC $1,354
18 Progressive $1,417
19 Farmers $1,586
20 North Star $1,693
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Safeco has some of the lowest car insurance rates in Omaha at around $780 a year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also some of the cheapest Omaha, NE auto insurance companies.

As illustrated above, if you are a policyholder with Farmers Mutual of Nebraska and switched to The Hartford, you might realize an annual savings of approximately $162. Policyholders with Farm Bureau Mutual might save as much as $173 a year, and State Farm policyholders might lower prices by up to $186 a year.

To compare your rates to other Nebraska insurance companies, click here or click several companies below for low rates.

Be aware that those premium estimates are averages across all types of drivers and the different vehicles they drive and and are not figured with an exact zip code location for Lyft drivers. So the auto insurance company that can offer you the lowest price may not even be in the list above. That emphasizes why you need to compare as many prices as possible using your own specific driver information and vehicle.

The vehicle to be insured is probably the biggest factor that determines if you can find the best cheap coverage for Lyft drivers. Vehicles with reasonable performance levels, advanced safety features, or a positive history of liability claims will cost much less to insure than high performance models. The information below showcases insurance prices for a number of the most cost-effective vehicles to insure in Nebraska.

Cheapest Vehicles to Insure in Omaha, NE
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $1,134
Toyota Prius $1,227
Honda Accord EX 4-Dr Sedan $1,272
GMC Sierra SLE Regular Cab 2WD $1,313
Toyota RAV4 Sport 4WD $1,320
Chevrolet Malibu LT $1,339
Toyota Tacoma Double Cab 4WD $1,345
Honda Odyssey EX-L W/Navigation $1,382
Hyundai Elantra GLS 4-Dr Sedan $1,391
Ford Escape Limited 2WD $1,394
Volkswagen Jetta SE 4-Dr Sedan $1,409
Hyundai Sonata SE 4-Dr Sedan $1,476
Ford Edge SE AWD $1,478
Chevrolet Silverado LTZ Extended Cab 2WD $1,502
Toyota Camry Hybrid $1,507
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Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in garaging location in Omaha, NE which can change price quotes substantially.

Based upon the rates shown, we can presume that makes and models like the Honda CR-V, Toyota Prius, and Honda Accord are likely to be some of the most economical vehicles to insure for Lyft vehicles.

Get discounts on Omaha car insurance

Discounts on insurance for Lyft driversInsurance companies that offer quotes for Lyft drivers may additionally offer price discounts that can reduce rates by as much as 40% or more if you qualify. A few of the larger companies and the discounts they provide are:

The diagram below illustrates the comparison of insurance rates with and without discounts being applied to the rates. The premiums assume a male driver, no tickets, no at-fault accidents, Nebraska state minimum liability limits, full coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple vehicle, defensive driving course, marriage, accident-free, safe-driver, and claim-free discounts applied. When discounts are applied, theaverage amount saved on insurance for Lyft drivers is 28% or $477.

Insurance rates are higher with tickets and accidents

One of the best ways to obtain the best insurance premiums for Lyft vehicles is to be a careful driver and avoid tickets and accidents. The illustration below demonstrates how speeding tickets and at-fault claims can affect insurance prices for different age groups. The rates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

The data charted above shows the average cost of a car insurance policy per year with no violations or accidents is $1,681. Factor in two speeding tickets and the average cost rises to $2,214, an increase of $533 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for Lyft drivers jumps again to an average of $2,765. That’s an increase of $1,084, or $90 per month, just for being a little careless behind the wheel!

Full coverage rates vs. liability-only in Omaha

Saving on insurance should be important to most vehicle owners, and one common way to reduce the cost of insurance for Lyft drivers is to buy liability only. The information below shows the difference between annual premium costs with liability coverage only compared to full coverage. The premiums are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

If the expense is averaged for all age categories, full coverage on your policy costs $1,366 per year more than just buying liability only. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no set rule to stop buying physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

There are some cases where dropping full coverage is not financially feasible. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

How to find the cheapest auto insurance for Lyft drivers

The list below details some of the better money-saving suggestions that can help Omaha drivers buy cheap auto insurance.

The last tip is incredibly necessary, as was noted in this piece. Insurance rates change constantly, so you should be ready to switch companies if a lower price can be found. Having brand loyalty is commendable, but is isn’t recommended if that devotion results in you overpaying thousands of dollars over the life of your policy. Spend a few minutes and compare prices and find cheaper auto insurance for Lyft drivers in Omaha.

The auto insurance agents in Omaha shown below are a good start to help you decide which car insurance company is the best fit, as some drivers have questions and prefer to get some professional input when comparing insurance rates for Lyft drivers. It can be hard to find the cheapest rates, so getting advice from a licensed agent can add comfort knowing your coverage gives you sufficient coverage for your assets.

To find an agent near you, click the button link following the list.

AA Brokers Insurance Agency Inc.
2214 N 90th PlazaOmaha, NE 68134(402) 392-1930

American Family Insurance – Shane Boring Agency Inc.
16855 Q StOmaha, NE 68135(402) 932-5755

United Insurance Agencies and Affordable Auto Insurance
1055 N 115th St #208Omaha, NE 68154(402) 492-8020

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