Who Has the Cheapest Auto Insurance for Safe Drivers in Omaha?

You have surely seen all the ads from insurers like GEICO, State Farm, and Allstate guaranteeing big savings. So drivers just need to pick the company with the catchiest ad, right?

It’s just not that easy, however, as there are a whole bunch of unknowns like your credit history, if you are currently insured, whether you are married or single, and if you are a man or woman, that all impact the cost of your policy. If you keep reading, we will teach you about these factors and others that can influence the price of auto insurance and hopefully give you enough understanding to have a good start in finding the cheapest insurance in Omaha.

For good drivers, one of the largest components that aid in calculating the annual cost of car insurance is where your car is garaged in Omaha. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.

The following table rates the most expensive cities in Nebraska for safe drivers to buy an auto insurance policy in. Omaha shows up at #7 with a yearly cost of $1,270 on average, which is around $106 monthly.

Car insurance prices in Omaha
Rank City Premium Per Year
1 Alliance $1,340
2 Scottsbluff $1,320
3 Gering $1,317
4 Lexington $1,303
5 McCook $1,292
6 North Platte $1,288
7 Omaha $1,270
8 South Sioux City $1,264
9 Beatrice $1,235
10 Seward $1,227
11 Kearney $1,200
12 Blair $1,200
13 Crete $1,198
14 York $1,191
15 Bellevue $1,190
16 Nebraska City $1,188
17 Columbus $1,185
18 Hastings $1,182
19 Fremont $1,177
20 Grand Island $1,170
Start a Quote Go

Rates are comparative as vehicle location can lower or raise rates considerably.

Establishing which companies quote the most affordable insurance rates for safe drivers requires a tad more effort than just getting one or two price quotes. Each insurance company has a different formula to set premium rates, so to begin we’ll rank the insurance companies that tend to have lower prices in Omaha, NE.

Best Car Insurance Prices for Safe Drivers

Compare Rates and Save

Cheapest Nebraska auto insurance companies
Rank Company Cost Per Year
1 Safeco $788
2 The Hartford $839
3 Allied $921
4 Auto-Owners $923
5 Farmers Mutual of Nebraska $979
6 Farm Bureau Mutual $980
7 Nationwide $997
8 American National $1,054
9 State Farm $1,075
10 General Casualty $1,081
11 USAA $1,150
12 California Casualty $1,257
13 American Family $1,284
14 Iowa Mutual $1,295
15 EMC $1,300
16 MetLife $1,319
17 GEICO $1,348
18 Progressive $1,402
19 Farmers $1,650
20 North Star $1,659
Quote Your Rates Go

Safeco generally has some of the lowest car insurance rates in Omaha at around $788 a year. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska also qualify as some of the most economical Omaha, NE insurance companies.

As the example above demonstrates, if you are a customer of Auto-Owners and switched to Safeco, you might see a yearly savings of approximately $135. Drivers with Farmers Mutual of Nebraska might save as much as $191 a year, and Farm Bureau Mutual insureds might lower prices by $192 a year.

Bear in mind that those policy rates are averages for all types of insureds and vehicles and and are not calculated with an exact location for safe drivers. So the company that fits your age and vehicle best may not even be in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

How much more does full coverage cost in Omaha?

Paying less for insurance is probably important to the majority of vehicle owners, and one of the quickest ways to find cheap insurance for safe drivers is to not insure for full coverage. The diagram below visualizes the comparison of insurance prices with and without full coverage. The premium estimates are based on no claims or violations, $100 deductibles, marital status is single, and no discounts are applied to the premium.

If averaged out across all ages, physical damage insurance costs $1,917 per year over and above liability only. That touches on the question when is it safe to stop buying full coverage. There is no definitive guideline to delete physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying your deductible. If premium cost is more than $400 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are a few cases where removing full coverage is not recommended. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.

The chart below illustrates how choosing a deductible can affect insurance costs when trying to find cheap insurance for safe drivers. The rates are based on a married male driver, full coverage, and no discounts are factored in.

As shown above, a 40-year-old driver could lower their policy premium by $250 a year by increasing from a $100 deductible up to a $500 deductible, or save $378 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old, could drop their prices as much as $834 every year by choosing a higher deductible.

If you make the decision to raise deductibles, it will be necessary to have enough in a savings account to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

You are probably paying too much for car insurance

Omaha insurance rates are calculated based on many things that will increase or decrease the policy price. Turning one year older, adding a teenager to your policy, or having a fender bender may generate price changes that can cause some rates to be affordable when they were higher priced.

Additionally, companies amend premium rates at least once a year in order to be able to pay unexpected claims. A period of higher than normal claims may cause higher priced premiums, while a profitable period can produce lower-cost Omaha car insurance rates.

For instance, the chart below compares the cheapest car insurance in Omaha, NE for a 40-year-old female driver with a good driving record, no prior claims, and a good credit history. If we compare prices based on her current rating profile, Safeco offers the lowest car insurance rates in Omaha at $952 a year. This is $364 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also make the list of the most affordable Omaha, NE auto insurance companies.

In this next rate comparison, we will give the driver from above a chargeable claim, poor credit, and a speeding citation. Because each insurer has a proprietary method to determining premium rates, comparing quotes may now present a different list of the cheapest companies as shown below.

Nationwide now has the best price in Omaha with State Farm, American National, USAA, and General Casualty now being in the top five. This shows why Omaha drivers need to spend some time comparing rates to get the best auto insurance quotes for safe drivers.

Auto insurance prices are determined by many factors and change frequently, so the best company the last time you compared rates may now be one of the more expensive options.

How to find budget-friendly insurance for safe drivers

The list below details a few money-saving solutions that can help you quote cheap coverage.

The last tip is highly vital, as we pointed out in this article. Insurance rates in Omaha can change considerably based on profitability, so drivers shouldn’t be reluctant to switch companies if a better deal can be had. Staying with the same car insurance company is fine, but it’s not a great idea if it’s costing you lots of money. It only takes a couple minutes to shop around to find cheaper car insurance for safe drivers.