The car, truck, or SUV you are seeking coverage for is a large factor that determines whether or not you can buy affordable auto insurance for 17 year olds. Vehicles with reasonable performance levels, good safety features, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models.
The information below illustrates car insurance prices for a number of the cheaper automobiles to insure in Nebraska.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $3,942 |
| Honda CR-V EX-L 2WD | $3,982 |
| Ford Escape XLT 4WD | $3,992 |
| Volkswagen Jetta S 2.5 Station Wagon | $4,240 |
| Toyota Prius | $4,283 |
| Honda Odyssey LX | $4,379 |
| Ford F-150 XL Super Cab 4WD | $4,419 |
| Dodge Grand Caravan CV | $4,429 |
| Ford Explorer XLT 2WD | $4,419 |
| Chevrolet Impala LS | $4,637 |
| Toyota RAV4 Limited 4WD | $4,677 |
| Chevrolet Malibu Hybrid | $4,686 |
| Chevrolet Equinox LS 2WD | $4,677 |
| Jeep Grand Cherokee Laredo 4WD | $4,682 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $4,893 |
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Prices based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific location information which can lower or raise price quotes substantially.
Looking at the rates, we can presume that models like the Hyundai Elantra, Honda CR-V, and Ford Escape are a few of the most affordable vehicles to insure for teen drivers. Car insurance rates will tend to be higher because there is a higher risk for 17 year olds, but in general those makes and models will tend to have the least expensive rates compared to all other vehicles.
Determining which company offers the best insurance rates for 17 year olds takes more time than just quoting one company’s rates. Each company has a different formula to establish rates, so let’s look at the rankings for the most budget-friendly insurance companies in Omaha.
It’s important to understand that Nebraska insurance rates are calculated based on many things that may substantially change your annual premium. Improving your credit rating, moving to a new city, or getting caught speeding can trigger price changes that can cause some rates to be more affordable than competitors.
Best Cheap Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $788 |
| 2 | The Hartford | $839 |
| 3 | Allied | $911 |
| 4 | Auto-Owners | $932 |
| 5 | Farm Bureau Mutual | $1,010 |
| 6 | Farmers Mutual of Nebraska | $1,019 |
| 7 | Nationwide | $1,027 |
| 8 | State Farm | $1,075 |
| 9 | American National | $1,087 |
| 10 | General Casualty | $1,114 |
| 11 | USAA | $1,128 |
| 12 | California Casualty | $1,270 |
| 13 | American Family | $1,284 |
| 14 | MetLife | $1,293 |
| 15 | Iowa Mutual | $1,308 |
| 16 | GEICO | $1,322 |
| 17 | EMC | $1,340 |
| 18 | Progressive | $1,417 |
| 19 | Farmers | $1,586 |
| 20 | North Star | $1,710 |
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Safeco may offer some of the cheapest car insurance rates in Omaha at around $788 each year. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual are also some of the more affordable Omaha, NE car insurance companies.
As shown in the rates above, if you are currently insured with Allied and switched to Safeco, you might see savings of upwards of $123. Drivers with Auto-Owners may save as much as $144 a year, and Farm Bureau Mutual insureds might lower prices by up to $222 a year.
If you would like to find cheaper car insurance rates, click here to start a quote or feel free to get quotes from the companies below.
Understand that those premium estimates are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for 17 year olds. So the car insurance company that has the cheapest price for you may not even be in the top 24 companies in the list above. That’s why you need to compare as many prices as possible using your own personal information and vehicle type.
The chart below highlights how deductible selection can affect insurance premiums when searching for cheap insurance for 17 year olds. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could pocket $342 a year by changing from a $100 deductible to a $500 deductible, or save $518 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old example, could roll back prices $1,138 or even more by choosing a higher deductible. If you do raise deductibles, it’s a good idea to have additional funds in a savings account to cover the extra out-of-pocket expense that is associated with using high deductibles.
Liability only or full coverage
Finding cheaper insurance is probably important to the majority of people, and an easy way to lower the cost of insurance for 17 year olds is to not insure for full coverage. The diagram below shows the comparison of yearly insurance costs when comparing full coverage to liability only. The rates are based on no accidents, no driving violations, $100 deductibles, single marital status, and no discounts are taken into consideration.
If we average the cost for ages 20 through 70, physical damage coverage costs an additional $1,722 per year more than buying just liability insurance. Lot’s of drivers question if you should buy full coverage at all. There is no clear-cut formula that works best for making the decision to drop physical damage coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
Careless drivers pay higher rates
The recommended way to receive low insurance prices for teen drivers is to drive safe and avoid tickets and accidents. The chart below illustrates how speeding tickets and at-fault collisions influence yearly insurance costs for different age groups of insureds. The data is based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of car insurance per year with a clean driving record and no accidents is $1,770. Factor in one speeding ticket and the average cost surges to $2,060, an increase of $291 each year. Now include one accident along with the one speeding ticket and the annual cost of insurance for 17 year olds jumps again to an average of $2,894. That’s an increase of $1,124, or $94 per month, just for not being more responsible behind the wheel!
Here’s why you should shop around
Nebraska insurance rates are calculated based on many things that can increase the price of coverage. Simply turning a year older, having a teenage driver, or getting a reckless driving citation can produce rate changes that may make certain companies affordable when they were higher priced. In addition to those changes, auto insurance companies amend premium rates every year or even multiple times each year to reflect underwriting profits or losses. A period of higher than normal claims can result in price increases, while better underwriting can result in more affordable Omaha car insurance rates.
For example, the graph below compares the cheapest car insurance in Omaha, NE for a 35-year-old male driver with a clean driving record, no accidents, and a good credit rating. If we estimate rates based on his personal profile, Safeco offers the cheapest car insurance rates in Omaha at $878 per year. This is $438 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual are the rest of the top five cheapest Omaha, NE auto insurance companies.
Now let’s give the driver from above an at-fault accident, a lower credit rating, and a speeding ticket. Since every car insurance company has a different formula to set their prices, comparing insurance quotes may now present a completely different list of cheap Omaha auto insurance companies as shown below.
Nationwide now has the cheapest auto insurance in Omaha, NE with State Farm, American National, General Casualty, and USAA also being competitive. This example illustrates why consumers need to compare rates when trying to get the most affordable auto insurance quotes for 17 year olds.
Insurance prices are impacted by many different factors and can increase or decrease at any time, so the most economical option six months ago may now be an over-priced policy.
The agents shown below can aid you in deciding which coverages are best, since many people would rather get some guidance when shopping for the best coverage for 17 year olds. It can be time-consuming to find the best coverage yourself, and insurance agents licensed in the state of Nebraska can provide peace of mind knowing you have adequate asset protection.
To locate an Omaha auto insurance agent close to where you live, click the button below the list or click here to compare price quotes.
- State Farm® insurance – Beau Iske
13829 Millard Ave – Omaha, NE 68137 – (402) 895-4424 - Tommy Hughes Jr – State Farm Insurance Agent
1321 Jones St #104 – Omaha, NE 68102 – (402) 346-1011 - Southwell Insurance Agency, LLC.
2809 S 160th St #307 – Omaha, NE 68130 – (402) 493-6940 - American Family Insurance – Randy Baker Agency Inc.
13768 Millard Ave – Omaha, NE 68137 – (402) 895-1300