What Car Insurance is Cheapest for Good Students in Omaha?

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The vehicle model on the policy is a significant factor that determines whether or not you can buy economical auto insurance for good students. Vehicles with higher performance characteristics, a lack of safety features, or a history of substantial liability claims will cost substantially more to insure than more economical and safe models. The next table ranks auto insurance rates for a selection of the most budget-friendly automobiles to buy insurance for.

Cheapest Vehicles to Insure in Omaha, NE
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 4WD $3,870
Ford Escape Limited 2WD $3,916
Toyota Prius $4,220
Ford F-150 FX2 Super Cab 2WD $4,337
Ford Explorer XLT 4WD $4,345
Toyota Tacoma 4WD $4,337
Ford Edge SEL 2WD $4,550
Toyota RAV4 Sport 4WD $4,596
Chevrolet Impala LT $4,604
Chevrolet Equinox LT 2WD $4,596
Jeep Grand Cherokee Laredo 2WD $4,604
Chevrolet Malibu LT $4,640
Dodge Grand Caravan Crew $4,649
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $4,780
Toyota Camry SE $4,854
Nissan Altima 2.5 S 4-Dr Sedan $4,863
Hyundai Elantra GLS 4-Dr Sedan $4,854
Toyota Corolla S $4,859
Honda Odyssey EX-L W/Navigation $4,854
Chevrolet Silverado LTZ Crew Cab 4WD $4,898
Chevrolet Silverado 2500HD LT Crew Cab 4WD $4,903
GMC Sierra 2500HD SLE Crew Cab 4WD $4,898
Volkswagen Jetta SEL 4-Dr Sedan $4,908
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Data based on single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific location which can revise prices noticeably.

Based on these rates, you can assume that makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Ford F-150, and Ford Explorer will definitely be some of the less-costly vehicles to insure for student drivers.

For student drivers, one of the big criteria that aid in calculating the annual cost of car insurance is the neighborhood you call home. Areas with more people or even just a higher incidence of claims will most likely pay more, whereas areas with less congestion can boast about having cheaper rates.

The table below rates the highest-priced places in Nebraska for good students to purchase car insurance in. Omaha comes in at #8 with the annual price of $1,257 for coverage, which is around $105 per month.

How much does car insurance cost in Omaha, NE?
Rank City Annual Rate
1 Alliance $1,340
2 McCook $1,331
3 Scottsbluff $1,320
4 Gering $1,303
5 South Sioux City $1,303
6 Lexington $1,264
7 Beatrice $1,259
8 Omaha $1,257
9 North Platte $1,250
10 Blair $1,236
11 Kearney $1,236
12 Seward $1,227
13 Nebraska City $1,212
14 Crete $1,198
15 York $1,191
16 Columbus $1,185
17 La Vista $1,162
18 Hastings $1,147
19 Bellevue $1,144
20 Grand Island $1,136
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Premium costs are approximated as specific Omaha zip code can affect rates substantially.

Liability rates compared to full coverage

Paying a lower price for insurance is important to most vehicle owners, and a great way to buy cheaper insurance for good students is to only buy liability coverage. The diagram below shows the difference between insurance rates with full coverage and liability only. The prices are based on no violations or claims, $1,000 deductibles, single marital status, and no policy discounts are applied.

If we average the cost for ages 20 through 70, comp and collision coverage costs $1,704 per year over having just liability coverage. At some point, about every driver wonders if full coverage is worth the money. There is no specific rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let's say your vehicle's claim settlement value is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $7,500 after paying the physical damage deductible. If premiums are more than $750 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are a few situations where only buying liability is not a good idea. If you still have a loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage.

Discount Omaha insurance

Discounts on insurance for good studentsInsurance companies that sell policies for good students may also offer special discounts that can lower rates by as much as 40% or more if you qualify for them. Companies and a selection of discounts include:

The example below visualizes the comparison of auto insurance costs with and without discounts applied to the premium. The information is based on a female driver, no accidents or driving violations, Nebraska state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with paperless filing, anti-theft, passive restraint, continuous coverage, vehicle safety, and paid-in-full discounts applied. When discounts are applied, theaverage yearly reduction on insurance for good students is 28% or $737.

Buying coverage from the best insurance provider can be rather challenging considering how many companies are available to choose from in Omaha. The ranking information below may help you choose which car insurance companies to look at comparing price quotes from. The rankings below only include the largest companies in the United States, so companies that have a smaller presence are not taken into consideration for this list.

Top 10 Major Car Insurance Companies Overall in Omaha

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family