Who Has Cheap Car Insurance for a 20 Year Old Male in Omaha?

Finding dependable, reasonably-priced car insurance is not the easiest thing to do, and finding out which companies have the most affordable insurance rates for 20 year old guys will require even more work. Every insurance company has a different formula to set policy rates, so to begin we’ll rank the insurance companies with the overall cheapest rates in Omaha, NE.

Best Car Insurance Prices for Men Age 20

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Rankings for the cheapest car insurance companies in Nebraska
Rank Company Cost Per Year
1 Safeco $788
2 The Hartford $873
3 Auto-Owners $896
4 Allied $911
5 Farmers Mutual of Nebraska $979
6 Farm Bureau Mutual $990
7 Nationwide $997
8 State Farm $1,033
9 General Casualty $1,081
10 American National $1,087
11 USAA $1,116
12 American Family $1,284
13 MetLife $1,293
14 California Casualty $1,296
15 EMC $1,314
16 Iowa Mutual $1,334
17 GEICO $1,348
18 Progressive $1,417
19 Farmers $1,602
20 North Star $1,693
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Safeco may offer some of the lowest car insurance rates in Omaha at around $788 each year. This is $528 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska would also be considered some of the most economical Omaha, NE auto insurance companies.

In the rate table above, if you are a customer of Auto-Owners and switched to Safeco, you may realize a yearly price reduction of upwards of $108. Drivers with Allied could save as much as $123 a year, and Farmers Mutual of Nebraska insureds might lower prices by $191 a year.

Bear in mind that those prices are averages for all drivers and vehicles in Nebraska and are not factoring in an exact zip code location for 20 year old guys. So the company that has the cheapest price for you may not even be in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

The car, truck, or SUV you are buying coverage for is one of the largest considerations that determines whether or not you find the lowest-priced coverage for 20 year old guys. Vehicles with lower acceleration and performance, an excellent safety record, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.

The information below features insurance costs for a selection of the most affordable automobiles to insure in Nebraska.

Cheapest Vehicles to Insure in Omaha, NE
Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 4WD $2,915
Honda CR-V EX 2WD $2,923
Toyota Prius $3,219
Dodge Grand Caravan SE $3,246
Jeep Wrangler Sahara 4WD 2-Dr $3,253
Ford Explorer XLT AWD $3,246
Ford Edge SEL 2WD $3,420
Ford Focus SE 4-Dr Sedan $3,425
Chevrolet Equinox LS AWD $3,463
Toyota Tacoma Double Cab 4WD $3,471
Toyota RAV4 Sport 2WD $3,463
Chevrolet Malibu Hybrid $3,469
Ford F-150 FX2 2WD $3,506
Ford F-350 XL Super Cab 2WD $3,549
Hyundai Elantra Blue 4-Dr Sedan $3,638
Honda Odyssey EX-L W/Rear Entertainment $3,681
Chevrolet Impala LTZ $3,691
Jeep Grand Cherokee Limited 2WD $3,724
GMC Sierra 2500HD SLE Extended Cab 4WD $3,729
Toyota Corolla XRS $3,724
GMC Sierra SL Crew Cab 4WD $3,729
Volkswagen Jetta SE 4-Dr Sedan $3,724
Chevrolet Silverado LTZ Extended Cab 4WD $3,732
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Data based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in your specific Omaha, NE location which can decrease or increase rates noticeably.

Based upon these rates, you can figure that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, and Dodge Grand Caravan are going to be a few of the cheapest vehicles to insure for young men. The price for an auto insurance policy will trend higher because there is a higher risk for 20 year old guys, but overall those models will have the cheapest auto insurance rates compared to other vehicles.

Full coverage versus liability only rates

Saving money on insurance is probably important to the majority of people, and a good way to find cheap insurance for 20 year old guys is to buy liability only. The chart below illustrates the difference between yearly insurance costs with liability coverage only compared to full coverage. The premiums assume no accidents or driving violations, $250 deductibles, single marital status, and no discounts are applied to the premium.

On average, physical damage coverage on your policy costs an extra $1,745 per year more than just buying liability insurance. That amount may make you wonder when is the right time to remove full coverage. There is no definitive guideline to delete physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

The information below illustrates how your deductible choice can influence insurance rates when searching for cheap insurance for 20 year old guys. The prices are based on a married male driver, full coverage, and no discounts are factored in.

The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $210 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $316 by using a $1,000 deductible. Younger drivers, like the 20-year-old category, have the ability to save up to $694 every year by using higher deductibles when buying full coverage.

If you do raise deductibles, it will be important to have enough savings set aside to allow you to pay the extra out-of-pocket expense that is associated with using high deductibles.

Discount Omaha auto insurance rates

Discounts on insurance for 20 year old guysInsurance companies that sell policies for 20 year old guys may also offer premium discounts that could lower prices by as much as 40% or more if you meet the requirements. Popular insurance companies and a partial list of their discounts can be found below.

The diagram below compares auto insurance rates with and without discounts applied to the premium. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, Nebraska state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with passive restraint, paperless filing, good student, vehicle safety, continuous coverage, and anti-theft discounts applied. When discounts are factored in, the average amount saved each year on insurance for 20 year old guys is 19% or $266.

If you like to have a consultation when shopping for cheaper insurance for 20 year old guys, the agencies below can most likely help you make a decision which car insurance policy is best.

To locate an Omaha car insurance agency using an interactive map, click the button at the bottom or click here to compare prices now.

American Family Insurance – T. C. Johnson Agency Inc.
155 N 72nd StOmaha, NE 68114(402) 561-8633

American Family Insurance – Robert Vacanti Agency Inc.
2928 N 108th StOmaha, NE 68164(402) 496-1550

Encore Insurance Group of Omaha
11929 Elm St Suite 11Omaha, NE 68144(402) 552-8700

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

American Family Insurance – Shane Boring Agency Inc.
16855 Q StOmaha, NE 68135(402) 932-5755

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