How Much are Car Insurance Rates for Real Estate Agents in Omaha?

The car, truck, or SUV driven is a significant factor when shopping around for affordable coverage for real estate agents. Vehicles with more horsepower, poor passenger safety features, or high incidents of liability claims will cost more to insure than safer models.

The list below illustrates auto insurance premiums for some of the cheapest automobiles to buy coverage for.

Cheapest Vehicles to Insure in Omaha, NE
Vehicle Insured Estimated Cost for Full Coverage
Ford F-150 FX2 Super Cab 2WD $1,236
Jeep Wrangler Rubicon 4WD 2-Dr $1,242
Ford Escape Limited 2WD $1,236
Honda CR-V LX 4WD $1,245
Ford Edge Limited 2WD $1,283
Jeep Grand Cherokee Laredo 2WD $1,307
Chevrolet Equinox LT AWD $1,314
Chevrolet Impala LT $1,307
Dodge Grand Caravan SXT $1,333
Toyota Prius $1,340
Honda Odyssey EX-L $1,378
Toyota Corolla S $1,386
Hyundai Sonata GLS 4-Dr Sedan $1,401
Volkswagen Jetta SE 4-Dr Sedan $1,404
GMC Sierra 3500HD SLE Crew Cab 2WD $1,427
Ford Fusion S 4-Dr Sedan $1,430
Chevrolet Malibu LS $1,436
Nissan Altima 2.5 4-Dr Sedan $1,430
Toyota RAV4 Limited 2WD $1,436
Honda Civic VP 4-Dr Sedan $1,482
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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, multi-vehicle, safe-driver, multi-policy, and claim-free. Estimates do not factor in specific location which can revise coverage prices noticeably.

Looking at the rates, cars like the Ford F-150, Jeep Wrangler, and Ford Escape are the most affordable vehicles to insure for realtors.

Deciding which insurers offer the most affordable auto insurance rates for real estate agents will take a tad more effort in order to find the most economical policy. Each auto insurance company uses a slightly different approach to set their prices, so let’s examine the auto insurance companies with the most affordable rates in Omaha, NE.

It’s important that you understand Omaha, NE auto insurance rates are impacted by many factors which can significantly increase or decrease the price you pay. Simply improving your credit, moving to a new city, or getting a speeding ticket can trigger price changes resulting in some rates now being affordable when they were higher priced.

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Rankings for the cheapest car insurance companies in Nebraska
Rank Company Cost Per Year
1 Safeco $812
2 The Hartford $839
3 Auto-Owners $896
4 Allied $911
5 Farmers Mutual of Nebraska $989
6 Nationwide $997
7 Farm Bureau Mutual $1,010
8 American National $1,054
9 State Farm $1,065
10 General Casualty $1,092
11 USAA $1,116
12 California Casualty $1,257
13 MetLife $1,280
14 American Family $1,284
15 Iowa Mutual $1,295
16 GEICO $1,308
17 EMC $1,314
18 Progressive $1,402
19 Farmers $1,634
20 North Star $1,710
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Safeco may have some of the best car insurance rates in Omaha at around $812 per year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska would also make the list of some of the cheapest Omaha, NE car insurance companies.

As the example above demonstrates, if you currently have coverage with The Hartford and switched to Safeco, you may see an annual savings of about $27. Policyholders with Auto-Owners may save as much as $84 a year, and Allied insureds might lower prices by $99 a year.

Remember that these premiums are averaged for all drivers and vehicles and and are not figured with an exact location for real estate agents. So the insurer that has the lowest price for you may not even be in the top 24 companies in the list above. That’s why you need to quote rates from many companies using your own driver information and specific vehicle type.

For realtors, one of the largest components that are looked at to help calculate insurance cost is where you normally keep your vehicle. More populated areas tend to pay more, whereas areas with less people or fewer weather incidents benefit from lower coverage costs.

The illustration below rates the highest-priced areas in Nebraska for real estate agents to purchase car insurance in. Omaha is ranked #8 having an annual price of $1,270 for the average insurance policy, which is about $106 monthly.

How much does car insurance cost in Omaha, NE?
Rank City Average Per Year
1 Scottsbluff $1,360
2 McCook $1,331
3 Gering $1,317
4 Lexington $1,316
5 Alliance $1,314
6 North Platte $1,301
7 South Sioux City $1,290
8 Omaha $1,270
9 Blair $1,236
10 Seward $1,227
11 Beatrice $1,222
12 Nebraska City $1,212
13 Crete $1,210
14 Kearney $1,200
15 Hastings $1,193
16 York $1,191
17 Columbus $1,185
18 Bellevue $1,179
19 Fremont $1,142
20 Papillion $1,129
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Rates are approximated as the specific area where the vehicle is garaged can change premiums considerably.

The chart below shows how choosing a deductible can affect premium costs when quoting cheap insurance for real estate agents. The premiums assume a married male driver, comp and collision included, and no discounts are applied to the premium.

A 40-year-old driver could lower rates by $290 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $440 by changing to a $1,000 deductible. Younger drivers, like the age 20 example, can cut up to $972 every year just by using higher deductibles. When using a larger deductible, it is necessary to have additional savings on hand to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

How much more does full coverage cost in Omaha?

Buying cheaper auto insurance should be important to the majority of people, and a great way to find cheaper insurance for real estate agents is to buy liability only. The example below shows the comparison of auto insurance rates with full coverage compared to only the Nebraska minimum liability coverage. The premiums assume no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.

As an overall average, physical damage coverage costs an additional $1,579 per year over and above liability only. At some point, about every driver wonders if you should buy full coverage at all. There is no exact rule to eliminate physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s say your vehicle’s replacement cost is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If premium cost is more than $800 annually for full coverage, then you might consider buying liability only.

There are some conditions where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Why you should be shopping around

Nebraska auto insurance rates are based on many factors which can significantly increase or decrease the cost of a policy. Turning one year older, buying a new vehicle, or getting a DUI may prompt premium changes that can make some companies cheaper than others.

Also, companies amend premium rates as often as every quarter to reflect underwriting profits or losses. An unexpected high level of claims may result in higher prices, while a better claims history can cause more affordable Omaha car insurance rates.

For example, the graph below shows the company with the cheapest car insurance in Omaha, NE for a 30-year-old male driver with no accidents, a clean driving record, and great credit. Based on his current risk factors, Safeco might quote the cheapest car insurance rates in Omaha at $933 annually. This is $383 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are the remainder of the best Omaha, NE auto insurance companies.

In this next rate comparison, we will give the driver in the first chart an accident claim, less-than-perfect credit, and a few blemishes on his driving record. Since every car insurance company has a different process to set their prices, analyzing rate quotes may now present a substantially altered list of cheap Omaha auto insurance companies as shown below.

Nationwide now has the best auto insurance rate in Omaha with State Farm, American National, General Casualty, and USAA now rounding out the top five. This example shows why it is crucial to shop around when trying to get cheap auto insurance quotes for real estate agents. Insurance rates consist of many risk factors and can increase or decrease at any time, so the best option the last time you compared rates may now be wasting a lot of money.

How to find cheaper auto insurance for real estate agents

The list below shows many money-saving suggestions that can help drivers find cheaper auto insurance.

That final tip is especially vital, as we hit on in the article above. Auto insurance rates change constantly, so don’t be tentative to buy from a different company if a better deal can be had. Having a favorite company is fine, but it’s not recommended if that inflexibility results in costing you money that could be going to better use. In just a few minutes you could compare prices and find cheaper car insurance for real estate agents in Omaha.