Who Has the Cheapest Car Insurance for Homeowners in Omaha?

Comparing rates for low-cost insurance is not always easy, and deciding which company has the cheapest insurance rates for homeowners calls for even more shopping around. Each auto insurance company has their own formula for determining rates, so we need to take a look at the insurance companies with the most affordable rates in Omaha, NE.

It’s important that readers know that Omaha insurance rates are impacted by many factors that may substantially change the price you pay. Price variation is why it is important to compare as many rates as possible when trying to get the lowest auto insurance rates for homeowners. Insurance rates can be determined by many things and change dramatically, so the lowest-price company the last time you shopped your coverage around may now not even be in the top five.

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Cheapest Nebraska car insurance ranked by price
Rank Company Cost Per Year
1 Safeco $788
2 The Hartford $865
3 Auto-Owners $896
4 Allied $911
5 Farm Bureau Mutual $1,010
6 Farmers Mutual of Nebraska $1,019
7 Nationwide $1,037
8 American National $1,054
9 State Farm $1,075
10 General Casualty $1,114
11 USAA $1,116
12 California Casualty $1,257
13 American Family $1,284
14 Iowa Mutual $1,308
15 EMC $1,314
16 MetLife $1,332
17 GEICO $1,348
18 Progressive $1,460
19 Farmers $1,586
20 North Star $1,710
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Safeco offers some of the lowest car insurance rates in Omaha at around $788 each year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also are some of the cheaper Omaha, NE car insurance companies.

In the rate table above, if you have coverage with The Hartford and switched to Safeco, you might see annual savings of roughly $77. Drivers with Auto-Owners might save as much as $108 a year, and Allied policyholders might realize rate reductions of up to $123 a year.

These policy prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration an exact location for homeowners. So the company that has the cheapest price for you 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 driver and vehicle profiles.

One of the many criteria that are looked at to determine the amount you pay for auto insurance is your zip code in Omaha. Areas with a lot of weather claims or more people are more likely to have higher rates, whereas more rural areas have the benefit of cheaper auto insurance prices.

The information below rates the most expensive areas in Nebraska for homeowners in which to purchase auto insurance. Omaha is ranked at #12 with an annual premium of $1,220 for coverage, which is approximately $102 per month.

How much is auto insurance in Omaha, NE?
Rank City Annual Premium
1 Scottsbluff $1,374
2 Gering $1,357
3 Alliance $1,340
4 Lexington $1,303
5 South Sioux City $1,303
6 North Platte $1,288
7 McCook $1,279
8 Beatrice $1,235
9 Crete $1,234
10 Seward $1,227
11 Nebraska City $1,224
12 Omaha $1,220
13 Kearney $1,188
14 Blair $1,188
15 Columbus $1,150
16 Hastings $1,147
17 York $1,145
18 Bellevue $1,144
19 Fremont $1,142
20 Papillion $1,140
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Premium costs are comparative as zip code location can alter insurance rates noticeably.

How to get discounts on Omaha auto insurance

Insurance for people who own their homes in Omaha, NECar insurance companies that offer quotes for homeowners may also give you special discounts that could potentially reduce rates by as much as 40% or more if you qualify. Popular insurance companies and the discounts they provide can be found below.

The example below illustrates the comparison of insurance prices with and without discounts being applied to the rates. Data assumes a female driver, no tickets, no at-fault accidents, Nebraska state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with accident-free, passive restraint, anti-theft, claim-free, marriage, and safe-driver discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on insurance for homeowners is 28% or $614.

Liability-only versus full coverage

Saving money when shopping for insurance should be important to the majority of vehicle owners, and an effective way to find cheap insurance for homeowners is to not buy comprehensive and collision coverage. The illustration below illustrates the comparison of insurance prices when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no other discounts are factored in.

If the expense is averaged for all age categories, comp and collision coverage costs an extra $1,417 per year over having just liability coverage. That is a significant amount which raises the question if buying full coverage is a good investment. There is no clear-cut rule for dropping comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s replacement cost is $6,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,500 after you pay the deductible. If it’s costing you more than $550 a year for physical damage coverage, then you may want to consider only buying liability coverage.

There are some conditions where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.

How to find economical insurance for homeowners

The list below summarizes a few penny-pinching suggestions that can help Nebraska drivers quote cheap auto insurance.

That last idea is very critical, as was pointed out in the prior article. Coverage rates can be adjusted at any time, so drivers shouldn’t be reluctant to switch carriers if you can save money. Many drivers prefer to stick with one company, but is isn’t recommended if that faithfulness ends up costing you thousands of dollars over the life of your policy. In just a few minutes you could compare prices and find cheaper car insurance for homeowners in Omaha.

If you aren’t clear which coverage you need and would like to get some help when shopping around for cheaper insurance for homeowners, the agents listed below can probably help you make a decision which coverage fits your budget. To find an Omaha insurance agency close to where you live, click the button at the bottom.

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