How Much is Car Insurance for Drivers Over Age 50 in Omaha?

You’ve seen the catchy commercials from auto insurance companies like Nationwide, The General, and Farmers guaranteeing the cheapest rates. So drivers just need to choose any of them, right?

It’s just not that easy, however, as there are a ton of unknown elements such as what deductibles you want to use, if you are a man or woman, and if you have a coverage lapse. In this article, we will cover the best ways to compare rates and also should give you a good beginning to your quest for cheaper car insurance in Nebraska.

Shopping around for low-priced car insurance is easier said than done, and determining which company quotes the most affordable car insurance rates for drivers over age 50 calls for a little more work. Each auto insurer has a unique formula to set policy rates, so let’s take a look at the lowest cost car insurance companies in Nebraska.

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Who has the cheapest car insurance 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 $1,019
7 Farm Bureau Mutual $1,020
8 State Farm $1,033
9 General Casualty $1,081
10 American National $1,087
11 USAA $1,128
12 American Family $1,258
13 Iowa Mutual $1,295
14 California Casualty $1,309
15 MetLife $1,319
16 GEICO $1,322
17 EMC $1,340
18 Progressive $1,445
19 Farmers $1,634
20 North Star $1,693
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Safeco generally has some of the most affordable car insurance rates in Omaha at around $788 each year. The Hartford, Auto-Owners, Allied, and Nationwide would also be considered some of the best Omaha, NE auto insurance companies.

In the rate table above, if you are a policyholder with Allied and switched to The Hartford, you might realize a yearly savings of in the neighborhood of $92. Drivers with Nationwide may save as much as $160 a year, and Farmers Mutual of Nebraska insureds might lower prices by up to $172 a year.

To find the cheapest rates for your vehicle, click here to start your free quote or quote rates from the companies below.

Remember that these rates are averaged across all drivers and vehicles and and are not figured with a specific zip code for drivers over age 50. So the insurer that is best suited for you may not even be in the top 24 companies in the list above. That illustrates why you need to get car insurance quotes using your own driver and vehicle profiles.

The make and model of vehicle that needs insurance is probably the biggest factor that determines whether or not you find the lowest-priced insurance for drivers over age 50. Vehicles with high performance, a lack of advanced safety features, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The list below estimates insurance prices for a selection of the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Omaha, NE
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape Limited 2WD $1,083
Honda CR-V EX 4WD $1,091
Hyundai Elantra SE Touring Station Wagon $1,153
Ford Edge SE 2WD $1,162
Toyota Prius $1,176
Jeep Wrangler Rubicon 4WD 2-Dr $1,188
Chevrolet Impala LS $1,232
Ford Focus SE 4-Dr Sedan $1,241
Honda Odyssey EX $1,232
Toyota Tacoma Double Cab 4WD $1,257
Dodge Grand Caravan Hero $1,263
Jeep Grand Cherokee Laredo 4WD $1,257
Toyota RAV4 Limited 4WD $1,264
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in specific location which can change coverage prices greatly.

Based upon the rates shown, you can conclude that models like the Ford Escape, Honda CR-V, Hyundai Elantra, and Ford Edge are likely to be a few of the less-costly vehicles to insure for older drivers.

Picking a good quality auto insurance provider is difficult considering how many different companies there are to choose from in Nebraska. The company ratings displayed below can help you select which car insurance companies you want to consider when trying find the best insurance for drivers over age 50. These rankings only include the companies with a significant amount of written premium nationwide, so smaller companies will not be included in these rankings.

Best Ten Car Insurance Companies for Drivers Over Age 50 in Omaha
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
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Data Source: Best Car Insurance Companies

How to get discounts on Omaha auto insurance rates

Discounts on car insurance for drivers over age 50Insurers that sell policies for drivers over age 50 may have policy discounts that can lower rates by 25% or more if you are eligible for them. A few popular companies and some of their more popular discounts include:

The information below visualizes the comparison of annual premium costs with and without discounts applied to the premium. The costs are based on a male driver, no claims or violations, Nebraska state minimum liability limits, full coverage, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with homeowner, multiple policy, vehicle safety, defensive driving course, claim-free, and accident-free discounts applied. When discounts are factored in, theaverage yearly reduction on car insurance for drivers over age 50 is 30% or $374.

Liability rates compared to full coverage

Finding cheaper car insurance is probably important to the majority of people, and one of the best ways to save on the cost of insurance for drivers over age 50 is to not buy comprehensive and collision coverage. The example below illustrates the difference between auto insurance costs with full coverage and liability only. The premium estimates are based on a clean driving record, no claims, $250 deductibles, drivers are single, and no additional discounts are factored in.

As an average, comprehensive and collision coverage on your policy costs $2,144 per year more than buying just liability insurance. That may make you wonder if buying full coverage is a good investment. There isn’t a steadfast formula of when to phase out comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

There are a few cases where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not buy liability only.

How to find cheaper auto insurance for drivers over age 50

The list below summarizes a few penny-pinching solutions that can help Nebraska drivers find cheap coverage.

That last piece of advice is highly critical, as we noted in the prior information. Insurance rates fluctuate constantly, so drivers shouldn’t hesitate to buy a different policy if a more affordable price is available. Loyalty to a specific company is fine, but we do not recommend it if that faithfulness ends up costing you several hundred dollars every year. It takes less than five minutes to shop around and find cheaper car insurance for drivers over age 50 in Omaha.