For Lyft vehicles, one of the more important components that are looked at to determine the amount you pay for auto insurance is the neighborhood you call home in Omaha. More populated areas are more likely to have higher rates, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.
The information below shows the most expensive cities in Nebraska for Lyft drivers to purchase auto insurance in. Omaha shows up at #12 with an annual cost of $1,220 for the average policy, which is about $102 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Alliance | $1,354 |
| 2 | Scottsbluff | $1,334 |
| 3 | McCook | $1,331 |
| 4 | Gering | $1,317 |
| 5 | South Sioux City | $1,303 |
| 6 | Lexington | $1,303 |
| 7 | North Platte | $1,288 |
| 8 | Beatrice | $1,272 |
| 9 | Kearney | $1,236 |
| 10 | Crete | $1,234 |
| 11 | Seward | $1,227 |
| 12 | Omaha | $1,220 |
| 13 | Blair | $1,200 |
| 14 | Hastings | $1,193 |
| 15 | Bellevue | $1,190 |
| 16 | Columbus | $1,185 |
| 17 | Nebraska City | $1,176 |
| 18 | York | $1,156 |
| 19 | Fremont | $1,142 |
| 20 | Grand Island | $1,136 |
| Compare Prices Now Go | ||
Premium costs are approximated as the garaging address in Omaha can decrease or increase coverage rates greatly.
Trying to find low-priced insurance is not easy, and finding out which company offers the lowest-priced insurance rates for Lyft drivers takes even more diligence. Every insurance company uses different criteria for establishing rates, so let’s take a look at the most affordable insurance companies in Omaha.
It’s important to know that Omaha, NE insurance rates are calculated based on many things that control the price you pay. Price variation is why it is crucial to compare lots of rates when trying to get cheap insurance quotes for Lyft drivers. Insurance rates are calculated by many factors and can increase or decrease at any time, so the cheapest rate the last time you shopped around may now be an over-priced policy.
Lowest Insurance Price Quotes for Your Lyft Vehicle
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $780 |
| 2 | The Hartford | $847 |
| 3 | Auto-Owners | $905 |
| 4 | Allied | $949 |
| 5 | Farmers Mutual of Nebraska | $1,009 |
| 6 | Farm Bureau Mutual | $1,020 |
| 7 | State Farm | $1,033 |
| 8 | Nationwide | $1,037 |
| 9 | American National | $1,087 |
| 10 | General Casualty | $1,125 |
| 11 | USAA | $1,128 |
| 12 | American Family | $1,246 |
| 13 | California Casualty | $1,296 |
| 14 | Iowa Mutual | $1,308 |
| 15 | MetLife | $1,319 |
| 16 | GEICO | $1,322 |
| 17 | EMC | $1,354 |
| 18 | Progressive | $1,417 |
| 19 | Farmers | $1,586 |
| 20 | North Star | $1,693 |
| Quote Your Rates Go | ||
Safeco has some of the lowest car insurance rates in Omaha at around $780 a year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also some of the cheapest Omaha, NE auto insurance companies.
As illustrated above, if you are a policyholder with Farmers Mutual of Nebraska and switched to The Hartford, you might realize an annual savings of approximately $162. Policyholders with Farm Bureau Mutual might save as much as $173 a year, and State Farm policyholders might lower prices by up to $186 a year.
To compare your rates to other Nebraska insurance companies, click here or click several companies below for low rates.
Be aware that those premium estimates are averages across all types of drivers and the different vehicles they drive and and are not figured with an exact zip code location for Lyft drivers. So the auto insurance company that can offer you the lowest price may not even be in the list above. That emphasizes why you need to compare as many prices as possible using your own specific driver information and vehicle.
The vehicle to be insured is probably the biggest factor that determines if you can find the best cheap coverage for Lyft drivers. Vehicles with reasonable performance levels, advanced safety features, or a positive history of liability claims will cost much less to insure than high performance models. The information below showcases insurance prices for a number of the most cost-effective vehicles to insure in Nebraska.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $1,134 |
| Toyota Prius | $1,227 |
| Honda Accord EX 4-Dr Sedan | $1,272 |
| GMC Sierra SLE Regular Cab 2WD | $1,313 |
| Toyota RAV4 Sport 4WD | $1,320 |
| Chevrolet Malibu LT | $1,339 |
| Toyota Tacoma Double Cab 4WD | $1,345 |
| Honda Odyssey EX-L W/Navigation | $1,382 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,391 |
| Ford Escape Limited 2WD | $1,394 |
| Volkswagen Jetta SE 4-Dr Sedan | $1,409 |
| Hyundai Sonata SE 4-Dr Sedan | $1,476 |
| Ford Edge SE AWD | $1,478 |
| Chevrolet Silverado LTZ Extended Cab 2WD | $1,502 |
| Toyota Camry Hybrid | $1,507 |
| Find Cheaper Rates Go | |
Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in garaging location in Omaha, NE which can change price quotes substantially.
Based upon the rates shown, we can presume that makes and models like the Honda CR-V, Toyota Prius, and Honda Accord are likely to be some of the most economical vehicles to insure for Lyft vehicles.
Get discounts on Omaha car insurance
Insurance companies that offer quotes for Lyft drivers may additionally offer price discounts that can reduce rates by as much as 40% or more if you qualify. A few of the larger companies and the discounts they provide are:
- State Farm offers discounts including defensive driving training, multiple policy, student away at school, passive restraint, and safe vehicle.
- Esurance has discounts for DriveSense, emergency road assistance, renters, Switch & Save, anti-theft, and Pac-12 alumni.
- Progressive offers premium reductions for online quote discount, homeowner, continuous coverage, online signing, and good student.
- Liberty Mutual may have discounts that include preferred payment discount, good student, teen driver discount, new move discount, and newly married.
- Auto-Owners Insurance offers discounts for multiple vehicles, safe vehicle, group or association, teen driver, and company car.
- GEICO discounts include emergency military deployment, anti-theft, anti-lock brakes, driver training, and five-year accident-free.
The diagram below illustrates the comparison of insurance rates with and without discounts being applied to the rates. The premiums assume a male driver, no tickets, no at-fault accidents, Nebraska state minimum liability limits, full 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 multiple vehicle, defensive driving course, marriage, accident-free, safe-driver, and claim-free discounts applied. When discounts are applied, theaverage amount saved on insurance for Lyft drivers is 28% or $477.
Insurance rates are higher with tickets and accidents
One of the best ways to obtain the best insurance premiums for Lyft vehicles is to be a careful driver and avoid tickets and accidents. The illustration below demonstrates how speeding tickets and at-fault claims can affect insurance prices for different age groups. The rates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
The data charted above shows the average cost of a car insurance policy per year with no violations or accidents is $1,681. Factor in two speeding tickets and the average cost rises to $2,214, an increase of $533 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for Lyft drivers jumps again to an average of $2,765. That’s an increase of $1,084, or $90 per month, just for being a little careless behind the wheel!
Full coverage rates vs. liability-only in Omaha
Saving on insurance should be important to most vehicle owners, and one common way to reduce the cost of insurance for Lyft drivers is to buy liability only. The information below shows the difference between annual premium costs with liability coverage only compared to full coverage. The premiums are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
If the expense is averaged for all age categories, full coverage on your policy costs $1,366 per year more than just buying liability only. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no set rule to stop buying physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
There are some cases where dropping full coverage is not financially feasible. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.
How to find the cheapest auto insurance for Lyft drivers
The list below details some of the better money-saving suggestions that can help Omaha drivers buy cheap auto insurance.
- Good credit scores may lower your rates
- Drop full coverage on older vehicles
- Pay for small claims rather than turning them in to your insurance company
- Increase deductibles to save money
- Buy vehicles with five-star safety ratings
- Bundle home and auto and save
- Compare rates and switch if you can find a better deal
The last tip is incredibly necessary, as was noted in this piece. Insurance rates change constantly, so you should be ready to switch companies if a lower price can be found. Having brand loyalty is commendable, but is isn’t recommended if that devotion results in you overpaying thousands of dollars over the life of your policy. Spend a few minutes and compare prices and find cheaper auto insurance for Lyft drivers in Omaha.
The auto insurance agents in Omaha shown below are a good start to help you decide which car insurance company is the best fit, as some drivers have questions and prefer to get some professional input when comparing insurance rates for Lyft drivers. It can be hard to find the cheapest rates, so getting advice from a licensed agent can add comfort knowing your coverage gives you sufficient coverage for your assets.
To find an agent near you, click the button link following the list.
AA Brokers Insurance Agency Inc.
2214 N 90th Plaza – Omaha, NE 68134 – (402) 392-1930
American Family Insurance – Shane Boring Agency Inc.
16855 Q St – Omaha, NE 68135 – (402) 932-5755
United Insurance Agencies and Affordable Auto Insurance
1055 N 115th St #208 – Omaha, NE 68154 – (402) 492-8020