How Much is Car Insurance for Inexperienced Drivers in Omaha?

The car, truck, or SUV driven is a significant factor that determines whether or not you can buy the best insurance for inexperienced drivers. Vehicles with reasonable performance levels, a great safety record, or a track record of few liability claims will cost significantly less to insure than higher performance models.

The information below shows insurance rates for the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Omaha, NE
Insured Vehicle Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $980
Ford Escape XLS 2WD $1,067
Honda CR-V LX 4WD $1,101
Chevrolet Equinox LT AWD $1,154
Chevrolet Silverado LS Extended Cab 4WD $1,159
Ford Explorer Limited 4WD $1,177
Toyota Prius $1,185
Honda Civic VP 4-Dr Sedan $1,197
Honda Odyssey EX-L W/Navigation $1,217
Toyota Corolla S $1,224
Ford Edge Limited AWD $1,217
Volkswagen Jetta 2.0T 4-Dr Sedan $1,239
Dodge Grand Caravan CV $1,241
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific zip code location which can affect insurance rates substantially.

Looking at the data, vehicles like the Hyundai Elantra, Ford Escape, Honda CR-V, Chevrolet Equinox, and Chevrolet Silverado are likely to be the most economical vehicles to insure for new drivers.

Locating cost effective car insurance is not the easiest thing to do, and determining which company quotes the cheapest auto insurance rates for inexperienced drivers may require even more rate comparisons.

Every insurance provider has a proprietary method for determining rates in each state, so first let’s look at the rankings for the lowest cost auto insurance companies in Nebraska. It’s important that readers know that Omaha, NE auto insurance rates are impacted by many factors that control the policy price. Improving your credit rating, buying a safer car, or getting a reckless driving citation can cause premium changes resulting in some rates now being more expensive than others.

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Cheapest insurance companies in Nebraska
Rank Company Cost Per Year
1 Safeco $780
2 The Hartford $873
3 Allied $921
4 Auto-Owners $923
5 Farm Bureau Mutual $980
6 Nationwide $997
7 Farmers Mutual of Nebraska $1,019
8 American National $1,065
9 State Farm $1,075
10 General Casualty $1,092
11 USAA $1,128
12 California Casualty $1,257
13 American Family $1,284
14 GEICO $1,308
15 MetLife $1,332
16 EMC $1,340
17 Iowa Mutual $1,347
18 Progressive $1,402
19 Farmers $1,634
20 North Star $1,693
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Safeco may offer some of the lowest car insurance rates in Omaha at around $780 annually. This is $536 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual also are some of the more affordable Omaha, NE auto insurance companies.

In this example, if you currently buy coverage from Auto-Owners and switched to The Hartford, you could realize a yearly price reduction of upwards of $50. Customers with Farm Bureau Mutual might save as much as $107 a year, and Nationwide policyholders might lower prices by $124 a year.

Remember that these policy rates are averages for all drivers and vehicles in Nebraska and do not take into consideration a specific vehicle garaging location for inexperienced drivers. So the insurer that is best for you may not even be in the top 24 companies shown above. That helps illustrate why you need to compare rates from multiple companies using your own driver and vehicle profiles.

The information below illustrates how your choice of deductibles can influence insurance costs when quoting cheap insurance for inexperienced drivers. The information is based on a single male driver, full coverage, and no discounts are applied.

In the chart above, a 50-year-old driver could lower rates by $244 a year by changing from a $100 deductible up to a $500 deductible, or save $370 by choosing a $1,000 deductible. Even younger insureds, such as the Age 20 example, have the ability to save $808 or even more just by choosing higher deductibles. If you do make the decision to raise your deductibles, it will be important to have plenty of savings on hand to be able to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Liability only or full coverage

Saving on auto insurance should be important to the majority of people, and one easy way to buy cheap insurance for inexperienced drivers is to not buy full coverage. The information below illustrates the comparison of premium costs with and without physical damage coverage. The information is based on no claims or driving violations, $500 deductibles, marital status is single, and no other discounts are factored in.

If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an extra $1,417 per year more than just buying liability insurance. That brings up the question when is it safe to stop buying full coverage. 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 of full coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s assume your vehicle’s replacement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,500 after paying your deductible. If you are currently paying more than $450 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

The importance of shopping around

Nebraska auto insurance rates are impacted by many factors which can substantially decrease or increase the price you pay for coverage. Improving your credit score, becoming a homeowner, or getting a ticket for careless driving may cause policy rate changes resulting in some rates now being more affordable than the competition.

Not only may things change on your end, but insurers amend premium rates as often as every quarter in order to protect their financial rating. Higher than usual claims may result in a rate increase, while profitable underwriting may result in cheaper Omaha car insurance rates.

For example, the chart below compares the cheapest car insurance in Omaha, NE for a 40-year-old male driver with no prior claims, no tickets, and a decent credit rating. When comparing rates based on his current risk profile, Safeco may offer the lowest car insurance rates in Omaha at $896 annually. This is $420 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska round out the rest of the most affordable Omaha, NE auto insurance companies.

In the next rate comparison, we’ll give the driver from the above example some claims, bad credit, and a blemish on his driving record. Due to the fact that each insurance company has their own unique process to determining premium rates, comparing quotes could result in a different set of affordable Omaha car insurance companies as shown below.

Nationwide now has the cheapest price in Omaha, NE with State Farm, American National, USAA, and General Casualty now being in the top five. This illustrates why consumers need to take the time to shop around with many companies to get the cheapest insurance quotes for inexperienced drivers.

Auto insurance prices are made up of many factors and can change without notice, so the cheapest company the last time you shopped around may now not even be in the top five.

How to find economical insurance for inexperienced drivers

The list below summarizes many penny-pinching ideas that can help Nebraska drivers get cheaper coverage.

That final tip is particularly significant, as we hit on in the prior article. Car insurance prices in Omaha can change considerably in a year, so don’t be afraid to switch companies if a better deal can be had. Sticking with a specific company is fine, but it’s not recommended if that devotion results in you overpaying hundreds of dollars year after year. In just a couple of minutes you could shop around and find cheaper auto insurance for inexperienced drivers.

The Omaha auto insurance agencies shown below can provide answers to your questions and help you determine which coverages you need, since many consumers aren’t sure which coverage to buy and prefer to have the advice of a professional agent when trying to find the best insurance rates for new drivers. It’s not always easy to find coverage yourself, and insurance agents can provide comfort knowing your policy gives you enough protection. To find an Omaha insurance agent in your neighborhood, click the link at the bottom.

American Family Insurance – John Cuenca
4601 S 50th St Ste 306Omaha, NE 68117(402) 614-5004

State Farm: Grant Mussman
606 S 72nd StOmaha, NE 68114(402) 932-0100

Jay Bergmeier – State Farm Insurance Agent
16707 Q StOmaha, NE 68135(402) 895-7500

More Omaha, NE insurance agents