The words “affordable” and “insurance” really don’t belong together, in particular when trying to find the best coverage prices for hybrid vehicles. Because it’s not cheap, let’s take a look at some of the things that help determine car insurance rates, and see how we can help you cut the cost of your next policy.
For hybrids, one of the largest factors that aid in calculating the amount you pay each year for auto insurance is where your residence is. Areas with more people or even just a higher incidence of claims are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The illustration below rates the most costly cities in Nebraska for hybrid vehicles to buy auto insurance in. Omaha comes in at #7 costing $1,270 for the average insurance policy, which is approximately $106 each month.
|9||South Sioux City||$1,251|
|Find Cheaper Rates Go|
Table data uses approximated as vehicle location can impact auto insurance rates substantially.
The car, truck, or SUV requiring insurance is a large factor when comparing quotes for the most economical car insurance for hybrid vehicles. Vehicles with high performance engines, poor crash test ratings, or a history of substantial liability claims will cost significantly more to insure than safer, lower-performance models. The next list showcases coverage costs for a number of the most economical vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$957|
|Honda CR-V EX 2WD||$962|
|Ford Escape XLT 4WD||$1,074|
|Ford Focus S 4-Dr Sedan||$1,112|
|Toyota RAV4 Limited 4WD||$1,134|
|Volkswagen Jetta S 2.5 Station Wagon||$1,143|
|Toyota Tacoma Double Cab 4WD||$1,154|
|Ford Explorer Limited 4WD||$1,162|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,167|
|Hyundai Elantra Blue 4-Dr Sedan||$1,171|
|Dodge Grand Caravan SE||$1,174|
|Ford Edge SE 2WD||$1,187|
|GMC Sierra SLE Extended Cab 4WD||$1,213|
|Toyota Corolla XRS||$1,220|
|Chevrolet Impala LS||$1,218|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,235|
|Find Cheaper Rates Go|
Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium costs do not factor in Omaha, NE location which can decrease or increase auto insurance rates noticeably.
Based upon the table data, we can infer that vehicles like the Honda Accord, Honda CR-V, and Toyota Prius will definitely be the cheaper vehicles to insure for hybrids.
Finding out which company quotes the cheapest car insurance rates for hybrid vehicles requires a bit more effort in order to find coverage that fits your budget. Each auto insurer used slightly different criteria for filing rates in each state, so to begin we’ll rank the most affordable car insurance companies in Nebraska.
It’s a good idea to know that Nebraska car insurance rates are based on many factors which can substantially decrease or increase the policy price. Simply having a birthday, increasing deductibles, or getting a DUI can trigger rate changes resulting in some companies being cheaper than competitors.
Cheapest Insurance Rates for Hybrids
|Rank||Company||Cost Per Year|
|6||Farm Bureau Mutual||$1,010|
|7||Farmers Mutual of Nebraska||$1,019|
|Quote Your Rates Go|
Safeco has some of the most affordable car insurance rates in Omaha at around $812 each year. The Hartford, Auto-Owners, Allied, and Nationwide also make the cut as some of the cheaper Omaha, NE insurance companies.
In the above example, if you are a policyholder with Auto-Owners and switched to Safeco, you might see a yearly price reduction of in the vicinity of $93. Customers with Allied might save as much as $137 a year, and Nationwide insureds might reduce prices by as much as $195 a year.
Understand that those premiums are averaged for all drivers and vehicles in Nebraska and are not factoring in a specific zip code for hybrid vehicles. So the auto insurance company that can offer you the lowest price may not even be in the top 24 companies in the list above. That illustrates why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
The information below shows how different deductible levels can affect insurance premiums when researching cheap insurance for hybrid vehicles. The price estimates are based on a married female driver, full coverage, and no policy discounts are applied.
As shown above, a 50-year-old driver could lower rates by $206 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $310 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 chart data, can save $508 or even more by selecting a higher deductible. If you make the decision to raise deductibles, it’s a good idea to have enough savings to enable you to cover the extra out-of-pocket expense associated with higher deductibles.
Full coverage versus liability only rates
Lowering the price of car insurance is important to the majority of people, and one of the best ways to lower the cost of insurance for hybrid vehicles is to only buy liability coverage. The chart below compares auto insurance rates with and without physical damage coverage. The price estimates are based on no accidents or driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.
Averaged out for all age groups, full coverage costs $2,144 per year more than just buying liability insurance. At some point, about every driver wonders if full coverage is worth the money. There is no set rule of when to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s replacement value is $9,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,500 after paying the physical damage deductible. If you are paying more than $850 a year to have full coverage, then you might want to consider buying only liability coverage.
The Omaha, NE, insurance agents below can most likely aid you in deciding which insurance coverage will be best for you, since some drivers have questions and prefer to get some professional input when trying to find lower insurance rates for hybrids. It’s not always easy to find the cheapest rates, so using a licensed agent can provide you peace of mind knowing your policy gives you adequate protection. To find an agent closest to you, click the button below the list.
AA Brokers Insurance Agency Inc.
2214 N 90th Plaza – Omaha, NE 68134 – (402) 392-1930
Cyrus Jaffery – State Farm Insurance Agent
3015 North 90th Street Ste 3 – Omaha, NE 68134 – (402) 451-2500
GEICO Insurance Agent
12240 L St #105 – Omaha, NE 68137 – (402) 491-4100
16909 Burke St #125 – Omaha, NE 68118 – (402) 391-5100
Aaron Stockton – State Farm Insurance Agent
1411 N 72nd St – Omaha, NE 68114 – (402) 551-3455
How to find cheaper auto insurance for hybrid vehicles
The list below details many thrifty solutions that can help Omaha drivers quote lower-cost coverage.
- Buy a vehicle with excellent safety ratings
- Avoid speeding and other traffic citations and pay less
- Buying your home and auto policies from the same company can earn a discount
- Do not pay for full coverage if not needed
- Do not file small claims
- Prevent rate increases by staying accident-free
- Look for cheaper rates once a year by shopping around
The last idea is very important, as we pointed out in the article above. Car insurance prices can change considerably in a year, so don’t be hesitant to switch to a new company if a lower-cost policy is available. Staying with the same company for years is fine, but we do not recommend it if it’s costing you major coinage every year. It only take a few minutes to compare rates and find cheaper auto insurance for hybrid vehicles in Omaha.