Buying affordable auto insurance is not most people’s favorite thing to do, and determining which companies offer the cheapest car insurance rates for drivers with good credit requires more quotes for comparison. Each auto insurance company uses a slightly different approach for determining prices, so to begin we’ll rank the most budget-friendly car insurance companies in Omaha.
It’s important to know that Nebraska car insurance rates are based on many factors which can significantly increase or decrease the policy premium. Improving your financial situation, increasing liability limits, or getting a few speeding tickets can cause premium changes that can make some companies more expensive than before.
Compare Cheap Insurance Quotes for High Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $847 |
| 3 | Allied | $921 |
| 4 | Auto-Owners | $923 |
| 5 | Farmers Mutual of Nebraska | $979 |
| 6 | Nationwide | $997 |
| 7 | Farm Bureau Mutual | $1,020 |
| 8 | State Farm | $1,065 |
| 9 | American National | $1,087 |
| 10 | General Casualty | $1,114 |
| 11 | USAA | $1,162 |
| 12 | American Family | $1,284 |
| 13 | Iowa Mutual | $1,295 |
| 14 | California Casualty | $1,296 |
| 15 | MetLife | $1,332 |
| 16 | GEICO | $1,348 |
| 17 | EMC | $1,354 |
| 18 | Progressive | $1,417 |
| 19 | North Star | $1,642 |
| 20 | Farmers | $1,650 |
| View More Rates Go | ||
Safeco normally has some of the lowest car insurance rates in Omaha at around $780 a year. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska are also some of the lowest-priced Omaha, NE car insurance companies.
As depicted above, if you currently buy coverage from Allied and switched to Safeco, you could realize a yearly price reduction of approximately $141. Drivers with Auto-Owners might save as much as $143 a year, and Farmers Mutual of Nebraska policyholders might see rate reductions of $199 a year.
Bear in mind that those rates are averaged for all types of insureds and vehicles and and are not calculated with an exact zip code location for drivers with good credit. So the car insurance company that fits you best may not even be in the list above. That’s why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
For financially responsible drivers, one of the largest considerations that aid in calculating car insurance rates is where your residence is in Omaha. More populated areas tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims tend to receive slightly lower rates.
The table below ranks the most expensive cities in Nebraska for drivers with good credit to purchase car insurance in. Omaha is listed at #12 costing $1,220 on average, which is approximately $102 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Scottsbluff | $1,374 |
| 2 | Gering | $1,343 |
| 3 | Alliance | $1,314 |
| 4 | McCook | $1,279 |
| 5 | Lexington | $1,264 |
| 6 | North Platte | $1,262 |
| 7 | South Sioux City | $1,251 |
| 8 | Blair | $1,236 |
| 9 | Seward | $1,227 |
| 10 | Nebraska City | $1,224 |
| 11 | Beatrice | $1,222 |
| 12 | Omaha | $1,220 |
| 13 | Crete | $1,198 |
| 14 | Kearney | $1,188 |
| 15 | York | $1,180 |
| 16 | Bellevue | $1,179 |
| 17 | Fremont | $1,177 |
| 18 | Grand Island | $1,170 |
| 19 | Hastings | $1,158 |
| 20 | Columbus | $1,150 |
| Find Cheaper Rates Go | ||
Table data uses estimated as the vehicle garaging location can lower or raise prices significantly.
How to get discounts on Omaha insurance rates
Car insurance companies that provide coverage for drivers with good credit may also offer price discounts that can lower rates by 40% or more if you meet specific eligibility requirements. Larger car insurance companies and the discounts they provide are:
- State Farm has discounts for driver’s education, student away at school, defensive driving training, good driver, and multiple policy.
- Progressive offers discounts for online quote discount, multi-policy, online signing, continuous coverage, multi-vehicle, good student, and homeowner.
- Travelers discounts include hybrid/electric vehicle, early quote, new car, multi-policy, and continuous insurance.
- American Family includes discounts for Steer into Savings, multi-vehicle, bundled insurance, TimeAway discount, mySafetyValet, early bird, and accident-free.
- Liberty Mutual policyholders can earn discounts including good student, safety features, multi-policy, new vehicle discount, and multi-car.
The diagram below shows the difference between auto insurance rates with and without some available policy discounts. The prices are based on a female driver, no tickets, no at-fault accidents, Nebraska state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with homeowner, marriage, passive restraint, vehicle safety, multiple vehicle, and multiple policy discounts applied. In this example, theaverage amount saved on car insurance for drivers with good credit is 28% or $449.
Price comparison of only insuring for liability
Saving money when shopping for car insurance is probably important to most people, and one of the easiest ways to pay lower rates for insurance for drivers with good credit is to not pay for full coverage. The illustration below visualizes the comparison of auto insurance costs with and without physical damage coverage. The data assumes no violations or accidents, $500 deductibles, drivers are single, and no discounts are applied.
If all age groups are averaged, comp and collision coverage costs $1,889 per year over having just liability coverage. That is a significant amount which raises the question when is it a good idea to stop buying full coverage. There isn’t a written rule of when to stop paying for full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
There are some circumstances where only buying liability is not recommended. If you still have a loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.
Are you paying too much for car insurance in Omaha?
Omaha car insurance rates are influenced by many factors which can substantially change the cost of your policy. Improving your credit score, increasing liability limits, or getting caught speeding may cause policy rate changes that can make some companies more affordable than before. In addition, insurance companies file new Nebraska car insurance rates as needed to help ensure profitability. Significantly higher losses may result in more expensive prices, while better underwriting may produce lower-cost Omaha car insurance rates.
For example, the chart below shows the companies that have the cheapest car insurance in Omaha, NE for a 30-year-old male driver with a clear driving record, no claims, and good credit. If we estimate prices based on his current risk factors, Safeco might offer the lowest car insurance rates in Omaha at $913 a year. This is $403 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also included in the best Omaha, NE auto insurance companies.
In this example, we will give the driver from the first example an accident claim, less-than-perfect credit, and a few traffic violations. Since each auto insurance company has a unique approach for determining rates, analyzing rates may now result in a slightly different list of the cheapest car insurance companies in Omaha as shown below.
Nationwide now has the lowest price in Omaha, NE with State Farm, American National, General Casualty, and USAA also having competitive pricing. This illustrates why Nebraska drivers need to compare rates to find the best auto insurance quotes for drivers with good credit.
Insurance prices are calculated by many risk factors and change substantially, so the lowest-price company when you last compared rates may now be costing you a lot of money.
How to find the cheapest car insurance for drivers with good credit
Here are some of the better thrifty suggestions that can help you locate more affordable auto insurance.
- Increase your credit score
- Buy vehicles with good safety ratings
- Avoid at-fault accidents and claims
- Bundle home or renters insurance to earn a discount on car insurance
- Drop full coverage on older vehicles
- Ensure you have the best deal by shopping around regularly
That last piece of advice is highly important, as was affirmed in this article. Car insurance prices can change in a short period of time, so drivers shouldn’t be resistant to change to a new company if a better deal can be had.
Being loyal to a particular company is commendable, but it’s not recommended if that dedication is costing a wad of cash every year. It takes less than five minutes to compare prices and find cheaper auto insurance for drivers with good credit in Omaha.
If you like to have the advice of a professional agent when shopping for cheaper insurance for financially responsible drivers, the professional agents shown below can probably help you make a decision which car insurance policy is best.
To find an agent close to where you live, click the button link following the list.
Matt Dougherty – State Farm Insurance Agent
4910 Dodge St – Omaha, NE 68132 – (402) 884-2870
Rudy Partida – State Farm Insurance Agent
639 N 98th St – Omaha, NE 68114 – (402) 333-5104
Len Siedlik – State Farm Insurance Agent
12781 Q St – Omaha, NE 68137 – (402) 895-4446
Vander Vorst Insurance Agency
15037 Industrial Rd – Omaha, NE 68144 – (402) 330-7979
State Farm: Kyle Emsick
1018 Dodge St #2 – Omaha, NE 68102 – (402) 558-5060