The car, truck, or SUV to be insured is a large factor that determines if you can find the most affordable coverage for college graduates. Vehicles with limited top-end speed, good safety features, or a low likelihood of liability claims will cost much less to insure than fast, unsafe models. The next table illustrates insurance rates for a handful of the most cost-effective vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,058 |
| Ford Escape Limited 4WD | $1,153 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,163 |
| Toyota Prius | $1,176 |
| Ford F-150 XLT Super Cab 4WD | $1,211 |
| Toyota RAV4 2WD | $1,257 |
| Chevrolet Equinox LS AWD | $1,265 |
| Ford Edge SE 2WD | $1,271 |
| Dodge Grand Caravan CV | $1,299 |
| Toyota Corolla LE | $1,325 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,335 |
| Kia Optima LX | $1,345 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,351 |
| Chevrolet Malibu Hybrid | $1,376 |
| Ford F-350 XL Crew Cab Turbo Diesel 2WD | $1,394 |
| Ford Explorer Eddie Bauer AWD | $1,401 |
| Jeep Grand Cherokee Laredo 2WD | $1,413 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,422 |
| Toyota Camry Hybrid | $1,436 |
| Ford Fusion Sport AWD 4-Dr Sedan | $1,438 |
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can impact insurance rates noticeably.
Looking at the rates, we can expect models like the Honda CR-V, Ford Escape, Volkswagen Jetta, and Toyota Prius will be the most affordable vehicles to insure for college grads.
Deciding which company quotes the lowest-priced insurance rates for college graduates requires a little more sweat than just picking a company at random. Each insurance company uses different criteria for establishing rates, so we will examine the insurance companies that tend to be cheaper in Omaha.
It’s important that you understand Omaha, NE insurance rates are calculated based on many things that can increase your annual premium. Simply having a birthday, getting divorced, or getting into an accident can trigger rate changes that can now make some companies cheaper than competitors.
Best Cheap Insurance Rates for Grads
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $788 |
| 2 | The Hartford | $839 |
| 3 | Auto-Owners | $896 |
| 4 | Allied | $911 |
| 5 | Farm Bureau Mutual | $1,010 |
| 6 | Farmers Mutual of Nebraska | $1,019 |
| 7 | Nationwide | $1,037 |
| 8 | State Farm | $1,065 |
| 9 | General Casualty | $1,081 |
| 10 | American National | $1,087 |
| 11 | USAA | $1,150 |
| 12 | American Family | $1,296 |
| 13 | Iowa Mutual | $1,308 |
| 14 | California Casualty | $1,309 |
| 15 | MetLife | $1,332 |
| 16 | GEICO | $1,348 |
| 17 | EMC | $1,354 |
| 18 | Progressive | $1,460 |
| 19 | Farmers | $1,586 |
| 20 | North Star | $1,693 |
| Get a Custom Quote Go | ||
Safeco generally has some of the lowest car insurance rates in Omaha at around $788 a year. This is $528 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also rank well as some of the lowest-priced Omaha, NE insurance companies.
As depicted above, if you buy coverage from The Hartford and switched to Safeco, you might see savings of in the vicinity of $51. Customers with Auto-Owners might save as much as $108 a year, and Allied insureds might reduce prices by as much as $123 a year.
To get a quick, customized rate comparison, click here to get a free quote or visit several of the following companies.
Bear in mind that those prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a specific zip code for college graduates. So the auto insurance company that can offer you the best rate may not even be in the top 24 companies in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
Insuring your vehicle with the highest-rated insurance company can be challenging considering how many different companies sell coverage in Omaha. The company information in the next section may help you choose which insurers to look at when trying to find the cheapest insurance for college graduates. These ratings only include companies that insure vehicles nationwide, so smaller companies are not included in this list.
Top 10 Large Auto Insurance Companies in Omaha Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
The diagram below demonstrates how choosing different deductibles can impact annual premium costs when quoting cheap insurance for college graduates. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could lower their policy premium by $380 a year by changing from a $100 deductible to a $500 deductible, or save $572 by selecting a $1,000 deductible. Youthful drivers, like the age 20 example, can save up to $844 each year by choosing a higher deductible.
If you do make the decision to raise your deductibles, it will be required to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Bad driving habits will cost you more
The recommended way to obtain good insurance rates in Nebraska for college grads is to be a cautious driver and avoid accidents and keep your driving record clean. The information below demonstrates how citations and at-fault collisions can drive up insurance premiums for each different age group. The premium estimates are based on a married female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of auto insurance per year with a clean driving record and no accidents is $1,348. Factor in one speeding ticket and the average cost increases to $1,565, an increase of $217 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of insurance for college graduates increases to an average of $3,397. That’s an increase of $2,049, or $171 per month, just for not driving safely!