Wouldn’t it be great if we could just give you the name of the one best company that has the cheapest policy rates for unemployed drivers? It’s not quite that easy, unfortunately, as there are a whole slew of unknowns like whether you are single or married, the crime level of your neighborhood, and the deductible level you need, that all impact the cost of coverage. This article covers the best ways to avoid high prices and also should give you a good beginning to your quest for cheaper car insurance.
The make and model of vehicle that is being insured is a large factor when shopping around for the best cheap coverage for unemployed drivers. Vehicles with lots of speed or power, a lack of modern safety features, or an increased likelihood of liability claims will cost more to insure than more modest models.
The list below ranks car insurance premiums for a selection of the most economical vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,207 |
| Ford Edge SE 2WD | $1,212 |
| Ford F-150 XL Regular Cab 2WD | $1,245 |
| Ford Escape XLT 2WD | $1,252 |
| Chevrolet Impala LT | $1,307 |
| Chevrolet Malibu LS | $1,313 |
| Honda Accord EX-L 4-Dr Sedan | $1,314 |
| Toyota Tacoma Double Cab 4WD | $1,333 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,345 |
| Ford Explorer XLT 2WD | $1,352 |
| Toyota Prius | $1,378 |
| Nissan Rogue SL 2WD | $1,401 |
| Ford Focus SE 4-Dr Sedan | $1,406 |
| Chevrolet Equinox LTZ 2WD | $1,404 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,409 |
| Get a Custom Quote Go | |
Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Estimates do not factor in your specific Omaha, NE location which can affect premiums considerably.
Looking at the numbers, we can infer that makes and models like the Honda CR-V, Ford Edge, and Ford F-150 are going to be the cheaper vehicles to insure for the unemployed.
Finding reliable, low-priced insurance is not easy, and finding out which company offers the cheapest car insurance rates for unemployed drivers takes even more work.
Each auto insurer uses a slightly different approach to set their prices, so let’s begin by examining the most competitive car insurance companies in Omaha. It’s important to understand that Nebraska car insurance rates are influenced by many factors that will increase or decrease the cost of your policy. That is why it is important to shop around to find the best car insurance quotes for unemployed drivers. Insurance rates are determined by many risk factors and can increase or decrease at any time, so the cheapest rate three years ago may now cost much more than other companies.
Find the Best Cheap Insurance for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $788 |
| 2 | The Hartford | $873 |
| 3 | Auto-Owners | $923 |
| 4 | Allied | $939 |
| 5 | Farm Bureau Mutual | $1,010 |
| 6 | Farmers Mutual of Nebraska | $1,019 |
| 7 | Nationwide | $1,027 |
| 8 | American National | $1,054 |
| 9 | State Farm | $1,065 |
| 10 | General Casualty | $1,092 |
| 11 | USAA | $1,150 |
| 12 | American Family | $1,246 |
| 13 | California Casualty | $1,270 |
| 14 | MetLife | $1,280 |
| 15 | EMC | $1,300 |
| 16 | GEICO | $1,308 |
| 17 | Iowa Mutual | $1,347 |
| 18 | Progressive | $1,417 |
| 19 | Farmers | $1,586 |
| 20 | North Star | $1,642 |
| Get a Custom Quote Go | ||
Safeco offers some of the cheapest car insurance rates in Omaha at around $788 per year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also qualify as some of the more affordable Omaha, NE auto insurance companies.
In the rate table above, if you buy coverage from Auto-Owners and switched to Safeco, you could earn annual savings of upwards of $135. Drivers with Allied might save as much as $151 a year, and Farm Bureau Mutual policyholders might lower prices by up to $222 a year.
It’s important to note that these premiums are averaged across all insureds and vehicles and and are not calculated with a specific vehicle garaging location for unemployed drivers. So the car insurance company that fits your needs best may not even be in the list above. That is why you need to compare rates from multiple companies using your own specific driver and vehicle information.
One of the many criteria that help determine the annual cost of car insurance is your zip code. Cities with larger populations tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.
The next table ranks the highest-priced places in Nebraska for unemployed drivers to purchase car insurance in. Omaha ranks #12 with an annual premium of $1,220 for the average insurance policy, which is about $102 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gering | $1,343 |
| 2 | Alliance | $1,340 |
| 3 | Scottsbluff | $1,320 |
| 4 | Lexington | $1,316 |
| 5 | North Platte | $1,301 |
| 6 | McCook | $1,292 |
| 7 | South Sioux City | $1,251 |
| 8 | Crete | $1,246 |
| 9 | Kearney | $1,236 |
| 10 | Blair | $1,236 |
| 11 | Beatrice | $1,235 |
| 12 | Omaha | $1,220 |
| 13 | Seward | $1,191 |
| 14 | York | $1,191 |
| 15 | Nebraska City | $1,188 |
| 16 | Columbus | $1,185 |
| 17 | Hastings | $1,182 |
| 18 | Fremont | $1,177 |
| 19 | La Vista | $1,150 |
| 20 | Norfolk | $1,147 |
| Find Cheaper Insurance Go | ||
Rate quotes are comparative as the specific zip code location can raise or lower coverage rates considerably.
Responsible drivers pay cheaper car insurance rates
In a perfect world, the best way to find the best car insurance rates for the unemployed is to be a good driver and avoid accidents and traffic violations. The information below illustrates how violations and at-fault collisions influence yearly insurance costs for different age categories. The costs are based on a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of auto insurance per year with no violations or accidents is $2,182. Add in two speeding tickets and the average cost hikes up to $2,938, an increase of $756 each year. Then include two accidents along with the two speeding tickets and the yearly cost of car insurance for unemployed drivers increases to an average of $5,644. That’s an increase of $3,462, or $289 per month, just for a couple of infractions!
Types of discounts on Omaha auto insurance
Car insurance companies that offer coverage for unemployed drivers may also provide premium discounts that can reduce rates by as much as 25% or more if you qualify for them. Companies and some of their more popular discounts are included below.
- GEICO includes discounts for multi-policy, air bags, emergency military deployment, membership and employees, seat belt use, daytime running lights, and defensive driver.
- Travelers may offer discounts for hybrid/electric vehicle, home ownership, continuous insurance, driver training, and early quote.
- Farm Bureau has discounts for youthful driver, multi-policy, multi-vehicle, driver training, renewal discount, good student, and safe driver.
- Liberty Mutual offers discounts including new move discount, newly retired, multi-policy, multi-car, good student, and hybrid vehicle.
- American Family offers premium reductions for mySafetyValet, accident-free, multi-vehicle, Steer into Savings, and early bird.
- Progressive may include discounts for multi-policy, online signing, good student, homeowner, and multi-vehicle.
The illustration below illustrates the difference between car insurance rates with and without policy discounts. The rate quotes are based on a male driver, no accidents or driving violations, Nebraska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with vehicle safety, accident-free, multiple vehicle, defensive driving course, safe-driver, and anti-theft discounts applied. When discounts are factored in, theaverage amount saved on car insurance for unemployed drivers is 28% or $351.
The example below illustrates how your deductible choice can raise or lower insurance prices when getting quotes for cheap insurance for unemployed drivers. The premium estimates are based on a married male driver, comp and collision included, and no policy discounts are applied.
As shown above, a 30-year-old driver could lower rates by $232 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $352 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could shave up to $694 each year by using a higher deductible. If you do decide to increase your deductibles, it is essential to have additional funds in a savings account to pay the extra out-of-pocket expense that is associated with using high deductibles.