The words “cheap” and “insurance” really shouldn’t be used in the same sentence, specifically when looking for the cheapest auto insurance for a company car. To save some money, let’s familiarize you with some of the things that influence car insurance prices, and see how we can help you reduce the price of the next policy you buy.
Deciphering which company has the lowest-priced car insurance rates for a company car takes a bit more work in order to find the lowest price quote. Every auto insurer has a different formula for setting rates, so let’s take a look at the car insurance companies with the overall cheapest rates in Omaha, NE.
We do need to point out that Omaha car insurance rates are calculated based on many things which can significantly increase or decrease the price you pay for coverage. Improving your credit rating, moving across town, or getting into an accident can trigger changes in premium that can now make some companies much cheaper than others.
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Safeco normally has some of the cheapest car insurance rates in Omaha at around $780 annually. This is $536 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska also qualify as some of the cheaper Omaha, NE car insurance companies.
In the above rates, if you are a policyholder with Auto-Owners and switched to The Hartford, you may realize yearly savings of in the neighborhood of $76. Policyholders with Farmers Mutual of Nebraska might save as much as $132 a year, and Nationwide insureds might cut rates by $160 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or feel free to get quotes from the companies below.
Bear in mind that those policy rates are averages across all drivers and vehicles and and are not figured with a vehicle location for a company car. So the auto insurance company that can offer you the lowest price may not even be in the list above. That is why you need to get car insurance quotes using your own driver information and specific vehicle type.
One of the more important criteria that are looked at to help calculate the amount you pay for auto insurance is where you keep your car in Omaha. More densely populated places tend to have more expensive car insurance rates, whereas areas with less crime or weather claims profit from lower rates.
The following table rates the most expensive cities in Nebraska for a company car to buy auto insurance in. Omaha makes the list at #10 with an annual premium of $1,233 for coverage, which is approximately $103 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Scottsbluff | $1,374 |
| 2 | Gering | $1,357 |
| 3 | McCook | $1,318 |
| 4 | Alliance | $1,300 |
| 5 | North Platte | $1,288 |
| 6 | Lexington | $1,277 |
| 7 | South Sioux City | $1,264 |
| 8 | Crete | $1,246 |
| 9 | Beatrice | $1,235 |
| 10 | Omaha | $1,233 |
| 11 | Seward | $1,227 |
| 12 | Nebraska City | $1,224 |
| 13 | Blair | $1,224 |
| 14 | York | $1,191 |
| 15 | Kearney | $1,188 |
| 16 | Columbus | $1,185 |
| 17 | Norfolk | $1,159 |
| 18 | Hastings | $1,147 |
| 19 | Bellevue | $1,144 |
| 20 | Fremont | $1,131 |
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Price information shown is approximated as the garaging address in Omaha can increase or decrease coverage rates substantially.
Drive responsibly or pay higher rates
The recommended way to get cheap car insurance premiums in Omaha for your employer’s vehicle is to be a safe driver and avoid traffic citations and accidents. The example below demonstrates how speeding tickets and at-fault fender-benders can impact insurance costs for each different age group. The premium estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
The data charted above shows the average cost of auto insurance in Omaha per year with no violations or accidents is $1,770. Get one speeding ticket and the average cost surges to $2,060, an increase of $291 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of car insurance for a company car goes up to an average of $4,524. That’s an increase of $2,754, or $230 per month, just for not driving attentively!
The information below highlights how deductible selection can change annual premium costs when searching for cheap insurance for a company car. The price estimates are based on a single female driver, comp and collision included, and no additional discounts are factored in.
As shown above, a 30-year-old driver could cut expenses by $380 a year by increasing from a $100 deductible to a $500 deductible, or save $572 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, could lower their rates up to $844 or even more by using higher deductibles when buying full coverage. If you do raise deductibles, it will now be necessary to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How to get discounts on Omaha insurance rates
Auto insurance companies that offer coverage for a company car may provide premium discounts that can reduce rates by as much as 40% or more if you are eligible. Companies and their offered discounts are detailed below.
- State Farm may include discounts for student away at school, Steer Clear safe driver discount, driver’s education, good driver, Drive Safe & Save, and multiple autos.
- American Family offers premium reductions for mySafetyValet, Steer into Savings, defensive driver, good driver, bundled insurance, and accident-free.
- GEICO may offer discounts for anti-theft, seat belt use, multi-policy, multi-vehicle, membership and employees, and good student.
- 21st Century may have discounts that include good student, 55 and older, early bird, air bags, teen driver, homeowners, and driver training.
- Progressive offers discounts for multi-vehicle, online quote discount, homeowner, online signing, continuous coverage, multi-policy, and good student.
The example below shows the difference between insurance rates with and without discounts applied. The price estimates are based on a female driver, no driving violations, no at-fault accidents, Nebraska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with accident-free, anti-theft, claim-free, multiple policy, vehicle safety, and passive restraint discounts applied. When drivers qualify for the discounts, the average amount saved each year on car insurance for a company car is 28% or $455.