How Much is Auto Insurance for Teenage Males in Omaha?

Finding out which company has the cheapest car insurance rates for teenage males will take a little more effort in order to find the best price. Every car insurance company has their own formula for filing rates in each state, so we’ll take a look at the most competitive car insurance companies in Omaha, NE.

It’s important that you understand Omaha car insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay. Simply turning a year older, marrying your spouse, or having an accident can trigger price changes that can make some companies more affordable than before.

Best Insurance Companies for Teens

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Safeco offers some of the most affordable car insurance rates in Omaha at around $788 a year. This is $528 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Nationwide would also make the list of some of the lowest-priced Omaha, NE car insurance companies.

As shown in the rates above, if you are insured with Allied and switched to The Hartford, you might realize an annual premium reduction of around $66. Policyholders with Nationwide may save as much as $124 a year, and Farm Bureau Mutual customers might lower prices by $137 a year.

To see if you’re overpaying, click here to start your custom quote or visit any of the companies below.

These estimates are averaged across all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for teenage males. So the company that fits you best may not even be in the top 24 companies in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

One of the more important considerations that help determine the cost of insurance is where you live in Omaha. Areas with more people or more claims tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.

The table below shows the priciest cities in Nebraska for teenage males in which to purchase auto insurance. Omaha is ranked #8 with an annual cost of $1,257 for the average insurance policy, which is around $105 monthly.

How much does auto insurance cost in Omaha?
Rank City Annual Rate
1 Gering $1,357
2 Scottsbluff $1,320
3 Alliance $1,300
4 McCook $1,292
5 North Platte $1,288
6 Lexington $1,264
7 South Sioux City $1,264
8 Omaha $1,257
9 Blair $1,236
10 Beatrice $1,235
11 Kearney $1,224
12 Crete $1,210
13 Seward $1,191
14 Nebraska City $1,188
15 Columbus $1,185
16 York $1,180
17 Grand Island $1,170
18 Fremont $1,166
19 Bellevue $1,155
20 La Vista $1,150
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Prices are comparative as zip code location can revise prices significantly.

How to find a good Omaha car insurance company

Selecting a highly-rated auto insurance provider can be difficult considering how many choices there are in Omaha. The company ratings in the next section could help you select which auto insurers you want to consider when comparing rate quotes.

The rankings below include large nationwide companies, so companies that only write business in Nebraska or surrounding areas will not be included in the list. To check prices from many more Nebraska auto insurance companies, click here.

Top 10 Major Auto Insurance Providers in Omaha Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Progressive – A+
  9. Allstate – A+
  10. The General – A-

The diagram below illustrates how choosing a deductible can impact insurance premiums when trying to find cheap insurance for teenage males. The premiums assume a single male driver, comp and collision included, and no other discounts are factored in.

As shown above, a 40-year-old driver could cut expenses by $334 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $502 by selecting a $1,000 deductible. Even younger insureds, like the Age 20 category, could shave up to $1,114 every year by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it will be required to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Price comparison of only insuring for liability

Paying less for car insurance is probably important to the majority of people, and a good way to lower the cost of insurance for teenage males is to only pay for liability coverage. The illustration below shows the difference between auto insurance costs with and without full coverage. The prices are based on no claims or driving violations, $250 deductibles, single status, and no discounts are factored in.

Averaged out for all age groups, physical damage coverage costs an extra $2,144 per year over having just liability coverage. That is a large expense which might make you wonder if it’s worth it to buy full coverage. There is no specific rule of when to stop paying for full coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.

Here’s why you should shop around

Omaha, NE car insurance rates are impacted by many things that control the cost of a policy. Improving your credit score, marrying your spouse, or getting a reckless driving citation can cause premium changes resulting in some companies being cheaper than competitors.

In addition to those changes, auto insurance companies change rates every year in order to protect their financial rating. A period of increased losses can cause higher prices, while profitable underwriting may result in cheaper Omaha car insurance rates.

For example, the data below shows which company has the cheapest car insurance in Omaha, NE for a 35-year-old female driver with no accidents or violations, and great credit. Based on her current risk factors, Safeco may have the lowest car insurance rates in Omaha at $878 a year. This is $438 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual are also on the list of the best Omaha, NE auto insurance companies.

The chart below compares rates after we give the driver from the first set of rates a claim surcharge, a lower credit rating, and a speeding ticket. Since each company has a unique formula to determining premium rates, comparing prices most likely will result in a completely different list of affordable Omaha car insurance companies as shown below.

Farmers Mutual of Nebraska now has the cheapest price in Omaha, NE with State Farm, American National, General Casualty, and The Hartford also having competitive pricing. This example shows why consumers need to take the time to compare rates when trying to find the cheapest car insurance quotes for teenage males. Auto insurance prices are made up of many factors and can change substantially, so the cheapest company two years ago may now be quite expensive.