It has one of the highest auto ownership per capita. The number of cars is the same as the number of people here. It has one of the lowest Uninsured Drivers counts (5%) in the country. This would naturally help automobile insurance rates, which appear to be fairly reasonable compared to the rest of the nation. The Cornhusker State is one of the cheapest places to live in America and they are fairly well off in comparison. Earning well and spending less for products and services is a real winning combination.
All these figures appear to be in favor of motorists and make it one of the ideal places. Almost everyone owns a car, spends less on premiums and the risk of getting hit by a driver with no coverage is negligible. Also, the state is fairly flat to drive across.
Here are the minimum liability car insurance requirements;
- $25,000 for bodily injury or death per person.
- $50,000 total for bodily injury or death per accident.
- $25,000 for property damage.
For further information visit the official DMV website. You can use it for most things related to automobiles like registration, penalties for breaking traffic laws and licenses.
Remember that minimum mandatory coverage can allow you to drive automobiles legally but don’t mean you should not buy any more. You should start with increasing liability limits to a decent level to protect yourself against possible third party claims and lawsuits. Also, you should buy Collision and Comprehensive coverage for your own automobile. You may take a view on most other policy additions depending on the costs and your preferences after making sure that largest possible losses are taken care of.
When you live in an area with low living costs and you can reduce some of the large and recurring expenses like automobile insurance premium payments you may enjoy wages more. You deserve to enjoy your hard-earned money and you can stretch it even further if you spend it wisely. In some parts of the world it is customary to bargain before you buy anything. However, most Americans are quick to settle without even checking if there are better prices somewhere else. You may not like bargaining but you can check other providers if they are selling the same item at a better price.
Applying the same principles, there are so many options that rushing and buying from the first company you got a quote doesn’t even make sense. You need to get a few quotes before you contemplate making a choice. There is hardly any reason for paying high premiums in Nebraska apart from some weather damages. Risks are fairly acceptable and you should enjoy lower rates.
When you are a good driver you can pick and choose among policies and automobile insurers. You will certainly come across expensive ones but the beauty of shopping around is that you can quickly discard them as cheaper quotes start coming in. However, you have no chance of finding the best value for your circumstances if you don’t look for it. You should make it a habit to look for better coverage and rates at each renewal. This way, you will always get the latest additions to your policy and take advantage of special offers. You are giving up on finding the best deals and accepting whatever offered when renewing a policy automatically year after year.
Nebraska Auto Insurance Costs
The Cornhusker State with its Great Plains covers a vast mass of land with a well-scattered population. There is only one metro area, which is Omaha Metropolitan with its 430,000 residents, and the only other big city is Lincoln with 270,000 residents. Generally these demographics are perfect for cheap rates because of the moderate risks of accidents and vehicular crimes and it is no different here.
It has one of the most enjoyable prices and the average cost of car insurance is $639 in Nebraska, which is over $200 lower than the US median figure. Drivers can get inexpensive full coverage quotes too, as the estimated premium average is $1,188. It is $137 less than the average full coverage estimate for the US. This is pretty good news if you live here.
The Most Affordable Vehicle Insurance Companies Here
There is a healthy marketplace and below cheapest companies have notable national presence. Also, there are great local ones like Farmers Mutual of Nebraska, which is one of the most competitive too.
- Farm Bureau Mutual, $604
- State Farm, $740
- GEICO, $760
Perfect conditions should permit most people to enjoy decent prices. Perhaps it is your fault if you have no recent claim or traffic moving violation ticket and still spend a lot of money on an auto policy.
Auto Insurance in Omaha NE
The Omaha-Council Bluffs metropolitan area is nearing 1 million population. Omaha alone has 435,000 residents and is the largest city. Surprisingly, Farm Bureau Mutual, State Farm and Nationwide are the most economical in the city, and GEICO, owned by one of its favorite sons Warren Buffett, doesn’t make the top 3. GEICO is usually one of the most competitive in many places but not in Warren Buffett’ hometown for now. It may simply be because they have huge name recognition here that they don’t feel they need to compete to corner the market.
Another surprise is that average Omaha auto premium expenditure is lower than the state average. This is probably a good example of how costs can be brought down by high competition in the market. In general, metro areas are much more expensive in comparison because of traffic congestion, and higher auto theft and vandalism figures.
Lincoln NE Car Insurance Rates
It is the capital and second largest city. Another surprise in Nebraska rates is that Lincoln has the lowest prices. Drivers in the Star City spend about 10% less than the average for liability.
Actually, there aren’t huge price variations across. The premium difference between the cheapest city of Lincoln and the most expensive of South Sioux City is $200. So, the costs are completely opposite to what it would be in another region because one of the largest cities has the lowest vehicle insurance rates and one of the smallest has the most expensive.