Deciphering which insurers offer the cheapest auto insurance rates for drivers with a bad driving record calls for a bit more work in order to find the lowest price. Each company has their own formula for determining rates, so to begin we’ll rank the lowest cost auto insurance companies in Omaha, NE.
It’s important to understand that Omaha, NE auto insurance rates are influenced by many factors that may substantially change the policy price. Getting older, having a teenage driver, or getting a ticket for careless driving can trigger price changes that may make certain companies affordable when they were higher priced.
Best Car Insurance Prices for Imperfect Drivers
|Rank||Company||Cost Per Year|
|5||Farm Bureau Mutual||$980|
|6||Farmers Mutual of Nebraska||$1,009|
|Compare Rates Now Go|
Safeco quotes some of the lowest car insurance rates in Omaha at around $804 annually. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also qualify as some of the cheaper Omaha, NE insurance companies.
In the rate table above, if you have coverage with The Hartford and switched to Safeco, you might realize savings of in the vicinity of $43. Drivers with Auto-Owners may save as much as $101 a year, and Allied insureds might see rate reductions of $135 a year.
To find out how much you can save, click here to start a quote or feel free to get quotes from the companies below.
Bear in mind that those rates are averaged across all drivers and vehicles and and are not figured with a specific location for drivers with a bad driving record. So the company that fits you best may not even be in the list above. That affirms the importance of why you need to get rate quotes using your own driver and vehicle profiles.
The car, truck, or SUV driven is a significant factor when quoting affordable insurance for drivers with a bad driving record. Vehicles with high performance features, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than more modest models.
The information below shows insurance costs for a handful of the more affordable automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$3,863|
|Honda CR-V EX-L 2WD||$3,907|
|Hyundai Elantra SE Touring Station Wagon||$3,944|
|Ford Explorer XLT AWD||$4,185|
|Jeep Wrangler Sahara 4WD 2-Dr||$4,192|
|Dodge Grand Caravan Hero||$4,385|
|Ford Edge SEL 2WD||$4,475|
|Chevrolet Impala LS||$4,516|
|Ford Fusion S 4-Dr Sedan||$4,521|
|Chevrolet Malibu Hybrid||$4,528|
|Honda Civic LX-S 4-Dr Sedan||$4,544|
|Toyota RAV4 2WD||$4,567|
|GMC Sierra SLE Crew Cab 2WD||$4,577|
|Honda Odyssey EX-L W/Navigation||$4,585|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$4,615|
|Volkswagen Jetta SEL 4-Dr Sedan||$4,629|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$4,636|
|Ford Focus SEL 4-Dr Sedan||$4,684|
|Toyota Corolla LE||$4,730|
|Toyota Camry XLE||$4,764|
|Nissan Rogue S AWD||$4,769|
|Jeep Grand Cherokee SRT-8 4WD||$4,773|
|Compare Rates Now Go|
Data rating is based on single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Rate information does not factor in vehicle garaging location which can revise premium rates noticeably.
Based upon the table data, you can expect vehicles like the Ford Escape, Honda CR-V, Hyundai Elantra, and Toyota Prius are most likely going to be a few of the cheapest vehicles to insure for bad drivers. Auto insurance rates will tend to be more expensive because there is more inherent risk for drivers with a bad driving record, but in general those models will probably have the least expensive rates possible.
For bad drivers, one of the more important criteria that are used to help calculate the annual cost of car insurance is where your car is garaged. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.
The illustration below ranks the highest-priced areas in Nebraska for drivers with a bad driving record in which to buy car insurance. Omaha ranks #10 with a yearly cost of $1,233 for car insurance, which is approximately $103 each month.
|Rank||City||Premium Per Year|
|7||South Sioux City||$1,264|
|Find the Best Rates Go|
Rates are estimated as the vehicle garaging location can lower or raise price quotes considerably.
Omaha auto insurance companies
Insuring your vehicle with a good quality insurance company can be rather challenging considering how many companies there are in Nebraska. The rank data shown next can help you pick which car insurance providers to look at purchasing coverage from. These rankings include the largest companies in America, so smaller companies are not taken into consideration for these rankings.
Top 10 Major Auto Insurance Providers in Omaha Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
Top 10 Major Auto Insurance Providers in Omaha Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Liberty Mutual
- The Hartford
- Farmers Insurance
Cost comparison with and without full coverage
Paying a lower price for auto insurance should be important to most people, and an effective way to buy cheaper insurance for drivers with a bad driving record is to not insure for full coverage. The diagram below compares annual premium costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.
If all age groups are averaged, comp and collision coverage costs an extra $2,305 per year more than just buying liability insurance. That proposes the question when is it a good idea to stop buying full coverage. There is no exact rule of when to stop paying for physical damage coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
There are a few situations where dropping full coverage is not advised. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not buy liability only.
The importance of shopping around
Nebraska auto insurance rates are based on many factors which can significantly increase or decrease the price of coverage. Improving your credit score, buying higher coverage limits, or getting a couple of tickets can trigger rate changes that can cause some rates to be cheaper than before. Not only may your risk profile change, but insurers change premium rates as often as every quarter to adjust for gains or losses. Significantly higher losses can cause rate increases, while long-term profits can cause more affordable Omaha car insurance rates.
To illustrate this example, the data below shows the companies that have the cheapest car insurance in Omaha, NE for a 40-year-old male driver with no accidents, a clean driving record, and good financial standing. If we estimate prices based on his personal risk profile, Safeco might quote the most affordable car insurance rates in Omaha at $924 a year. This is $392 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual are the remaining top five cheapest Omaha, NE auto insurance companies.
In this example, we will give the driver from above a chargeable accident, a lower credit rating, and a few blemishes on his driving record. Due to the fact that every auto insurer uses their own method to set premium rates, getting updated rate quotes will most likely result in a completely different list of companies as shown below.
Nationwide now has the best auto insurance rate in Omaha with State Farm, American National, General Casualty, and USAA also having competitive pricing. This example illustrates why consumers need to perform a complete rate comparison to get affordable auto insurance rates for drivers with a bad driving record.
Prices are determined by many risk factors and change substantially, so the most affordable company two years ago may now be priced much higher than other options.