For high risk drivers, one of the big considerations that are used to help calculate insurance cost is where you choose to live. Regions with more people or even just more weather-related claims will most likely pay more, whereas more rural areas can boast about having cheaper rates.
The information below lists the priciest cities in Nebraska for drivers requiring a SR22 to buy auto insurance in. Omaha is ranked at #5 with an annual rate of $1,270 on average, which is approximately $106 monthly.
|7||South Sioux City||$1,264|
|Find Cheaper Insurance Go|
Premium costs are comparative as specific Omaha garaging address can impact premiums significantly.
Shopping around for low-cost car insurance is easier said than done, and figuring out which companies quote the lowest-priced car insurance rates for drivers requiring a SR22 takes a little more work. Every auto insurer uses a different method to set their prices, so first we will examine the lowest cost car insurance companies in Omaha, NE.
Keep in mind that Omaha, NE car insurance rates are impacted by many things that will increase or decrease the cost of a policy. This price fluctuation is why it is critical to shop around with many companies when trying to find the most economical insurance quotes for drivers requiring a SR22. Insurance rates are impacted by many different factors and can increase or decrease at any time, so the best option six months ago may now be costing you a lot of money.
Best Auto Insurance Prices for SR22 Drivers
|Rank||Company||Cost Per Year|
|5||Farm Bureau Mutual||$980|
|7||Farmers Mutual of Nebraska||$1,019|
|Quote Your Rates Go|
Safeco may have some of the lowest car insurance rates in Omaha at around $812 each year. This is $504 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual would also make the list of some of the more affordable Omaha, NE car insurance companies.
In the above example, if you are insured with Allied and switched to Safeco, you may realize an annual premium reduction of in the neighborhood of $137. Nebraska drivers with Farm Bureau Mutual could save as much as $168 a year, and Nationwide insureds might cut rates by $185 a year.
Be aware that those estimates are averaged for all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for drivers requiring a SR22. So the company that can offer the best rates for your situation may not even be in the list above. That point stresses why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
The car, truck, or SUV to be insured is one of the biggest factors that determines if you can find the best auto insurance for drivers requiring a SR22. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of liability claims will cost significantly less to insure than high performance models. The data below estimates insurance prices for a handful of the most cost-effective vehicles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,048|
|Honda CR-V LX 2WD||$4,093|
|Ford Edge SEL AWD||$4,607|
|Ford F-150 XL Crew Cab 4WD||$4,618|
|Volkswagen Jetta 2.0T Station Wagon||$4,621|
|Chevrolet Malibu Hybrid||$4,652|
|Dodge Grand Caravan SXT||$4,694|
|Ford Explorer Eddie Bauer AWD||$4,702|
|Toyota Tacoma 2WD||$4,789|
|Chevrolet Equinox LS AWD||$4,794|
|GMC Sierra SLE Crew Cab 2WD||$4,843|
|Toyota RAV4 Sport 4WD||$4,849|
|Toyota Camry LE||$4,843|
|Honda Odyssey Touring||$4,907|
|Compare Cheap Rates Go|
Price data assumes single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Table data does not factor in specific location information which can change premium rates greatly.
Looking at the data, we can presume that vehicles like the Ford Escape, Honda CR-V, Toyota Prius, and Ford Edge are most likely going to be some of the most budget-friendly vehicles to insure for high risk drivers. Prices will be more expensive because of the fact that there is more claim risk for drivers requiring a SR22, but in general those vehicles will most likely have the best insurance prices that you’ll find.
The example below highlights how deductible choice can influence insurance costs when researching cheap insurance for drivers requiring a SR22. The rates are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
The chart above illustrates that a 50-year-old driver could reduce rates by $246 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $370 by using a $1,000 deductible. Even younger insureds, such as the Age 20 example, could lower their rates $606 or even more just by choosing higher deductibles when buying full coverage.
If you make the decision to raise deductibles, it is a good idea to have enough funds in savings to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Insuring your vehicle with the best auto insurance provider can be a challenge considering how many different companies there are to choose from in Nebraska. The company rank data shown below could help you analyze which coverage providers you want to consider purchasing a policy from. These ratings are for the largest companies in the United States, so smaller companies that only insure vehicles in Nebraska are not factored into these rankings.
Top 10 Major Auto Insurance Providers Overall in Omaha
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
Get discounts on Omaha car insurance
Insurance providers that offer coverage for drivers requiring a SR22 could also offer rate discounts that can reduce rates by as much as 25% or more if you meet the requirements. A list of companies and some of their more popular discounts can be found below.
- State Farm has discounts for multiple policy, good student, anti-theft, good driver, Steer Clear safe driver discount, passive restraint, and safe vehicle.
- Farmers Insurance offers premium reductions for early shopping, good student, homeowner, switch companies, and teen driver.
- GEICO may have discounts that include emergency military deployment, five-year accident-free, anti-lock brakes, federal employee, and defensive driver.
- American Family may include discounts for defensive driver, good student, TimeAway discount, multi-vehicle, mySafetyValet, and early bird.
- Nationwide offers discounts including anti-theft, accident-free, good student, business or organization, defensive driving, easy pay, and family plan.
- Progressive includes discounts for multi-policy, good student, online quote discount, online signing, homeowner, and continuous coverage.
The example below illustrates the comparison of car insurance costs with and without policy discounts. The information is based on a female driver, two accidents and two traffic tickets, Nebraska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, homeowner, multiple policy, marriage, continuous coverage, and passive restraint discounts applied. When taking advantage of discounts, theaverage amount saved on car insurance for drivers requiring a SR22 is 29% or $1,613.
How to find budget-friendly insurance for drivers requiring a SR22
It is possible to find better rates, and here are some thrifty ideas that can help Omaha drivers locate low-cost car insurance.
- Violations and traffic tickets increase rates
- Buy a car with high safety ratings
- Drivers with good credit ratings often pay less
- Prevent price hikes by avoiding at-fault accidents
- Raise physical damage deductibles
- Check for cheaper rates once a year
That last idea is notably crucial, as was pointed out in the prior article. Auto insurance prices change frequently, so you should be ready to buy a different policy if a more affordable price is available. Staying with the same car insurance company is fine, but it’s not a good idea if that dedication is costing major coinage every year. Take a couple minutes and compare rates and find cheaper car insurance for drivers requiring a SR22 in Omaha.
If you aren’t sure which coverage to buy and prefer to have some advice when shopping for the best coverage for drivers requiring a SR22, the insurance agencies below are willing to help you make a decision which auto insurance coverages would be the best in your situation. To find an Omaha insurance agent closest to you, click the button at the bottom.
State Farm Insurance: Cory Juma
15665 Harrison St K – Omaha, NE 68136 – (402) 891-6161
Best Insurance Agency
7300 F St – Omaha, NE 68127 – (402) 331-1515
AA Brokers Insurance Agency Inc.
2214 N 90th Plaza – Omaha, NE 68134 – (402) 392-1930