What Auto Insurance is Cheapest for Good Drivers in Omaha?

Wouldn’t it be great if we could tell you instantly that one special company that has the cheapest car insurance rates for good drivers? It’s not that simple, unfortunately, as there are a lot of unknowns such as the annual mileage you drive, if you need full coverage or just liability, and if you are a homeowner, that help determine the price you have to pay. This article delves into the types of things that cause high car insurance rates and will give you a good beginning to your quest for cheaper car insurance.

The vehicle model you are trying to insure is a large factor when consumers are trying to find the best cheap insurance for good drivers. Vehicles with high performance features, poor passenger safety features, or an increased likelihood of liability claims will cost much more to insure than safer, lower-performance models. The next table estimates auto insurance costs for a number of the cheaper vehicles to insure.

Cheapest Vehicles to Insure in Omaha, NE
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,080
Honda CR-V EX 2WD $1,221
Hyundai Elantra GLS Touring Station Wagon $1,231
Chevrolet Impala LS $1,253
Volkswagen Jetta S 2.5 Station Wagon $1,286
Toyota Corolla LE $1,347
Toyota Prius $1,350
Jeep Grand Cherokee SRT-8 4WD $1,373
Ford Focus S 4-Dr Sedan $1,383
Ford Edge Limited 2WD $1,373
Dodge Grand Caravan CV $1,375
Ford F-150 XL Regular Cab 4WD $1,384
Chevrolet Equinox LS 2WD $1,401
Toyota Camry LE $1,408
Toyota Tacoma Double Cab 4WD $1,427
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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-policy, multi-vehicle, and homeowner. Table data does not factor in Omaha, NE location which can impact coverage rates considerably.

Based on these rates, we can conclude that models like the Ford Escape, Honda CR-V, and Hyundai Elantra are going to be the less-costly vehicles to insure for safe drivers.

One of the many components that are looked at to determine the annual cost of car insurance is your address in Omaha. Larger areas tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents get the luxury of paying less.

The information below rates the highest-priced places in Nebraska for good drivers in which to buy car insurance. Omaha is ranked at #9 with a yearly cost of $1,257 for car insurance, which is approximately $105 monthly.

How much does car insurance cost in Omaha, NE?
Rank City Average Per Year
1 Scottsbluff $1,360
2 Alliance $1,354
3 McCook $1,318
4 Lexington $1,316
5 South Sioux City $1,303
6 Gering $1,303
7 North Platte $1,301
8 Beatrice $1,259
9 Omaha $1,257
10 Blair $1,236
11 Kearney $1,236
12 Seward $1,227
13 Nebraska City $1,212
14 Crete $1,198
15 Hastings $1,193
16 Columbus $1,185
17 Grand Island $1,170
18 Norfolk $1,159
19 York $1,145
20 Bellevue $1,144
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Annual rates are comparative as zip code location can alter coverage prices significantly.

Determining which companies offer the cheapest car insurance rates for good drivers involves a bit more effort in order to find the lowest price quote.

Each auto insurance company used slightly different criteria to set their prices, so we’ll take a look at the overall cheapest car insurance companies in Omaha.

Best Cheap Insurance Rates for Good Drivers

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Rankings for the cheapest car insurance companies in Nebraska
Rank Company Cost Per Year
1 Safeco $788
2 The Hartford $847
3 Auto-Owners $932
4 Allied $939
5 Nationwide $1,007
6 Farmers Mutual of Nebraska $1,009
7 Farm Bureau Mutual $1,010
8 State Farm $1,065
9 General Casualty $1,092
10 American National $1,098
11 USAA $1,150
12 California Casualty $1,270
13 MetLife $1,280
14 American Family $1,284
15 Iowa Mutual $1,334
16 EMC $1,340
17 GEICO $1,362
18 Progressive $1,445
19 Farmers $1,634
20 North Star $1,659
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Safeco offers some of the cheapest car insurance rates in Omaha at around $788 annually. This is $528 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Nationwide also make the cut as some of the lowest-priced Omaha, NE auto insurance companies.

As illustrated above, if you are a customer of Nationwide and switched to The Hartford, you might see a yearly savings of in the vicinity of $160. Insureds with Farmers Mutual of Nebraska could save as much as $162 a year, and Farm Bureau Mutual customers might cut rates by $163 a year.

Understand that those estimates are averages across all insureds and vehicles and and are not calculated with a specific zip code for good drivers. So the car insurance company that fits you best may not even be in the list above. That emphasizes why you need to compare rates from multiple companies using your own specific driver and vehicle information.

Discount Omaha car insurance

Car insurance for safe drivers in Omaha, NEInsurance providers that sell policies for good drivers may have rate discounts that could reduce prices by as much as 25% or more if you meet specific eligibility requirements. A list of companies and some of the discounts are:

The chart below illustrates the difference between premium costs with and without discounts applied to the policy premium. The costs are based on a male driver, a clean driving record, no claims, Nebraska state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, accident-free, multiple policy, multiple vehicle, marriage, and safe-driver discounts applied. In this example, the average amount saved each year on car insurance for good drivers is 28% or $528.

Full coverage versus liability-only

Finding cheaper car insurance is important to most vehicle owners, and one of the best ways to find cheaper insurance for good drivers is to buy liability only. The information below compares annual premium costs with full coverage compared to only the Nebraska minimum liability coverage. The rate quotes are based on no claims, a clean driving record, $100 deductibles, single status, and no additional discounts are factored in.

If we average the cost for ages 20 through 70, full coverage on your policy costs $2,345 per year more than buying just liability insurance. That is a significant amount which raises the question if full coverage is worth the money. There is no definitive formula that is best for determining when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s assume your vehicle’s book value is $5,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $4,500 after paying the physical damage deductible. If it’s costing in excess of $450 annually to have full coverage, then you might consider buying liability only.

There are some situations where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

How to find low-cost auto insurance for good drivers

Below you’ll find some of the recommended money-saving ideas that can help you get cheaper coverage.

The final tip is remarkably valuable, as we hit on in this piece. Coverage rates in Omaha can change considerably in a year, so don’t be unwilling to buy a policy from a new company if a more affordable price is available.

Sticking with a specific company is fine, but it’s not recommended if that stubbornness costs you hundreds of dollars year after year. It only takes a couple minutes to shop around to find cheaper insurance for good drivers.

If you aren’t sure which coverage you need and prefer to get some guidance when trying to find lower insurance rates for safe drivers, the agents below can probably answer your questions and help you decide which car insurance company is the best fit. To locate an Omaha auto insurance agent in your neighborhood, click the button at the bottom or click here to compare price quotes now.

Action Insurance
12100 W Center Rd #208Omaha, NE 68144(402) 697-8181

Janice Peterson – State Farm Insurance Agent
9785 Q St Ste #4Omaha, NE 68127(402) 593-1899

Tim Edwards – State Farm Insurance Agent
6550 S 84th St #200Omaha, NE 68127(402) 331-0112

Steve Skidmore – State Farm Insurance Agent
17525 Gold Plaza #105Omaha, NE 68130(402) 330-9200

Auto Insurance Mart
1913 Military AveOmaha, NE 68111(402) 553-0700

More Omaha, NE insurance agents