Locating cost effective auto insurance is difficult, and figuring out which companies have the cheapest insurance rates for infrequent drivers may require additional perseverance. Each insurer has a different formula to determine rates, so let’s take a look at the lowest cost insurance companies in Nebraska.
We do need to point out that Omaha, NE insurance rates are impacted by many things that control the price you pay. Simply improving your credit score, buying another vehicle, or getting a DUI may generate price changes that can cause some rates to be more expensive than competitors.
Find the Cheapest Auto Insurance in Nebraska
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $788 |
| 2 | The Hartford | $839 |
| 3 | Auto-Owners | $932 |
| 4 | Allied | $949 |
| 5 | Farm Bureau Mutual | $980 |
| 6 | Nationwide | $1,007 |
| 7 | Farmers Mutual of Nebraska | $1,019 |
| 8 | State Farm | $1,033 |
| 9 | American National | $1,065 |
| 10 | General Casualty | $1,092 |
| 11 | USAA | $1,116 |
| 12 | American Family | $1,258 |
| 13 | Iowa Mutual | $1,295 |
| 14 | California Casualty | $1,309 |
| 15 | MetLife | $1,332 |
| 16 | GEICO | $1,348 |
| 17 | EMC | $1,354 |
| 18 | Progressive | $1,402 |
| 19 | Farmers | $1,602 |
| 20 | North Star | $1,659 |
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Safeco quotes some of the most affordable car insurance rates in Omaha at around $788 each year. This is $528 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also are some of the most economical Omaha, NE auto insurance companies.
As depicted above, if you currently have coverage with Allied and switched to The Hartford, you may see savings of in the vicinity of $110. Drivers with Farm Bureau Mutual might save as much as $141 a year, and Nationwide insureds might see rate reductions of $168 a year.
To see if you’re overpaying, click here or feel free to get quotes from the companies below.
Bear in mind that those prices are averages for all types of insureds and vehicles and and are not figured with a specific zip code for infrequent drivers. So the insurer that fits your situation best may not even be in the list above. That points out the importance of why you need to get car insurance quotes using your own specific driver information and vehicle.
For low mileage drivers, one of the big components that aid in calculating the amount you pay for auto insurance is where you keep your vehicle in Omaha. Areas with high crime rates or more dense population are more likely to have higher rates, whereas areas that tend to be more rural have the luxury of lower rates.
The information below lists the highest-priced places in Nebraska for infrequent drivers in which to purchase auto insurance. Omaha ranks #9 with an annual cost of $1,257 for the average insured, which is around $105 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Scottsbluff | $1,320 |
| 2 | McCook | $1,318 |
| 3 | Gering | $1,317 |
| 4 | Lexington | $1,316 |
| 5 | Alliance | $1,314 |
| 6 | South Sioux City | $1,303 |
| 7 | North Platte | $1,301 |
| 8 | Beatrice | $1,259 |
| 9 | Omaha | $1,257 |
| 10 | Seward | $1,227 |
| 11 | Nebraska City | $1,212 |
| 12 | Crete | $1,210 |
| 13 | Kearney | $1,188 |
| 14 | Blair | $1,188 |
| 15 | Columbus | $1,174 |
| 16 | Fremont | $1,166 |
| 17 | Hastings | $1,158 |
| 18 | York | $1,145 |
| 19 | Bellevue | $1,144 |
| 20 | Grand Island | $1,136 |
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Premium amounts are approximated as the specific zip code location can influence price quotes significantly.
Types of discounts on Omaha auto insurance
Car insurance companies that sell policies for infrequent drivers may provide discounts that could potentially reduce rates by 30% or more if you meet certain criteria. The best insurance companies and a selection of discounts are shown below.
- GEICO may include discounts for good student, defensive driver, air bags, daytime running lights, and anti-lock brakes.
- Travelers has discounts for home ownership, driver training, hybrid/electric vehicle, save driver, student away at school, good student, and payment discounts.
- Farm Bureau offers discounts including renewal discount, driver training, multi-policy, multi-vehicle, good student, and 55 and retired.
- Liberty Mutual policyholders can earn discounts including newly retired, new vehicle discount, exclusive group savings, new graduate, and teen driver discount.
- American Family may have discounts that include defensive driver, accident-free, bundled insurance, early bird, good student, good driver, and multi-vehicle.
- Progressive includes discounts for continuous coverage, homeowner, multi-policy, online quote discount, good student, and online signing.
The example below visualizes the comparison of premium costs with and without some available policy discounts. The premiums assume a male driver, a clean driving record, no at-fault accidents, Nebraska state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with anti-theft, passive restraint, multiple policy, accident-free, vehicle safety, and claim-free discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for infrequent drivers is 28% or $587.
Comparison of full coverage and liability-only policies
Paying a lower price for insurance is important to most vehicle owners, and one great way to pay less for insurance for infrequent drivers is to not buy comprehensive and collision coverage. The information below shows the difference between auto insurance costs when comparing full coverage to liability only. The data assumes no violations or claims, $1,000 deductibles, marital status is single, and no discounts are factored in.
If averaged out across all ages, comp and collision coverage costs an additional $1,263 per year over having just liability coverage. That is a large expense and it proposes the question if paying for full coverage is a waste of money. There is no exact rule for eliminating comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s replacement cost is $4,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $3,500 after the policy deductible has been paid. If it’s costing in excess of $350 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Who has the cheapest Omaha car insurance?
Omaha, NE insurance rates are impacted by many things that will increase or decrease your annual premium. Getting older, having a teenage driver, or getting caught speeding can trigger price changes that may make certain companies much cheaper than others.
Not only may your situation change, but auto insurance companies change premium rates every year or even multiple times each year to adjust for unexpected claims or profits. Significantly higher claims can cause additional price hikes, while lower claim expenses may result in cheaper Omaha car insurance rates.
The graph below demonstrates which company has the cheapest car insurance in Omaha, NE for a 30-year-old male driver with no prior claims, no tickets, and a good credit rating. If we look at prices based on his current risk factors, Safeco may have the best car insurance rates in Omaha at $869 annually. This is $447 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual are also on the list of the best Omaha, NE auto insurance companies.
Let’s now give the driver from the first example an accident surcharge, bad credit, and a couple of points charged on his driving record. Due to the fact that every auto insurer has a different process to determine rates, analyzing rates could result in a significantly different list of affordable Omaha car insurance companies as shown below.
Nationwide now has the lowest car insurance rate in Omaha, NE with State Farm, American National, General Casualty, and USAA completing the list. This example demonstrates why it is critical to compare lots of rates when trying to get the most budget-friendly auto insurance quotes for infrequent drivers. Rates consist of many risk factors and can change without notice, so the best price the last time you checked may now be wasting a lot of money.
How to find economical insurance for infrequent drivers
Lowering your rates is not difficult, and here are many penny-pinching ideas that can help Omaha drivers quote low-cost auto insurance.
- Drive safe vehicles
- Avoid having at-fault accidents
- Avoid filing small claims
- Drivers with good credit ratings often pay less
- Do not get traffic tickets
- Shop around for cheaper prices often
That last piece of advice is very significant, as we pointed out in the prior article. Insurance rates can change considerably in a year, so drivers shouldn’t be reluctant to buy a different policy if a more affordable rate is found. Staying with the same car insurance company is fine, but it isn’t a good idea if that loyalty ends up costing a lot of money. Take a few minutes and compare rates to find cheaper insurance for infrequent drivers in Omaha.
If you wish to have a little guidance when shopping for the best coverage for infrequent drivers, the agencies below are willing to aid you in deciding which auto insurance coverages would be the best in your situation.
To find an Omaha insurance agent using an interactive map, click the button following the list or click here to compare price quotes.
- Alvarez Insurance Agency
4629 S 23rd St – Omaha, NE 68107 – (402) 733-1878 - Tom Kaspar – State Farm Insurance Agent
1722 N 120th St – Omaha, NE 68154 – (402) 493-0101 - Vander Vorst Insurance Agency
15037 Industrial Rd – Omaha, NE 68144 – (402) 330-7979 - GEICO Insurance Agent
12240 L St #105 – Omaha, NE 68137 – (402) 491-4100