It’s impossible to miss the ads from car insurance companies like Progressive, Nationwide, and Liberty Mutual that say if you switch you’ll get enormous savings, so you just need to pick one at random, right?
Unfortunately, it’s not that simple as there are many unknown factors such as if you are married or single, what physical damage coverage deductibles you want, and your age. The content below will cover the best ways to avoid paying too much and will give you a good beginning to your quest for cheaper car insurance in Omaha.
For students in college, one of the more important components that are looked at to determine the amount you pay each year for auto insurance is where you keep your vehicle in Omaha. Areas with more people or even just a higher incidence of claims are more likely to pay higher prices, whereas areas that tend to be more rural get the luxury of paying less.
The information below ranks the most costly cities in Nebraska for college students to buy auto insurance in. Omaha makes the list at #6 with an annual cost of $1,270 for coverage, which is about $106 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Scottsbluff | $1,360 |
| 2 | McCook | $1,318 |
| 3 | Lexington | $1,316 |
| 4 | Gering | $1,303 |
| 5 | Alliance | $1,300 |
| 6 | Omaha | $1,270 |
| 7 | South Sioux City | $1,264 |
| 8 | North Platte | $1,262 |
| 9 | Beatrice | $1,259 |
| 10 | Kearney | $1,236 |
| 11 | Seward | $1,227 |
| 12 | Blair | $1,200 |
| 13 | Crete | $1,198 |
| 14 | York | $1,191 |
| 15 | Nebraska City | $1,188 |
| 16 | Columbus | $1,185 |
| 17 | Bellevue | $1,179 |
| 18 | Grand Island | $1,158 |
| 19 | Hastings | $1,158 |
| 20 | Fremont | $1,142 |
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Premium amounts are comparative as the specific geographic location can alter premiums substantially.
The type of vehicle that needs insurance is one of the primary factors when comparing economical auto insurance for college students. Vehicles with high performance engines, a lack of modern safety features, or high incidents of liability claims will cost much more to insure than safer, lower-performance models.
The information below estimates coverage rates for some of the most cost-effective automobiles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $2,531 |
| Ford Escape XLT 2WD | $2,541 |
| Hyundai Elantra GLS Touring Station Wagon | $2,531 |
| Honda CR-V LX 4WD | $2,541 |
| Toyota Prius | $2,794 |
| Ford Explorer Eddie Bauer 2WD | $2,819 |
| Ford Focus S 4-Dr Sedan | $2,968 |
| Ford Edge SEL 2WD | $2,975 |
| Chevrolet Silverado LS Regular Cab 2WD | $2,997 |
| Chevrolet Malibu Hybrid | $3,006 |
| Chevrolet Equinox LT 2WD | $3,014 |
| Volkswagen Jetta S 4-Dr Sedan | $3,006 |
| Toyota RAV4 Limited 4WD | $3,015 |
| Jeep Grand Cherokee Laredo 2WD | $3,006 |
| Chevrolet Impala LT | $3,013 |
| Dodge Grand Caravan Crew | $3,044 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $3,050 |
| Ford F-150 Lariat Crew Cab 4WD | $3,044 |
| Toyota Tacoma Double Cab 4WD | $3,050 |
| Honda Civic LX-S 4-Dr Sedan | $3,158 |
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Table data represents single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific location which can change premium rates greatly.
By looking at the data, you can figure that makes and models like the Honda Accord, Ford Escape, and Hyundai Elantra are some of the cheaper vehicles to insure for students in college. The cost of auto insurance will be more expensive just because there is more exposure for college students, but overall those particular models will have the best rates compared to other vehicles.
How violations and accidents impact rates
The ideal way to maintain the cheapest auto insurance rates in Omaha for students in college is to be a safe driver and avoid traffic citations and accidents. The example below shows how violations and fender-benders can raise auto insurance costs for different age groups. The premium estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of a car insurance policy in Nebraska per year with a clean driving record and no accidents is $1,681. Add in two speeding tickets and the average cost increases to $2,214, an increase of $533 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of auto insurance for college students goes up to an average of $2,765. That’s an increase of $1,084, or $90 per month, just for being a careless driver!
The example below highlights how deductible choice can affect yearly insurance costs when researching cheap insurance for college students. The price estimates are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.
A 40-year-old driver could reduce rates by $322 a year by switching from a $100 deductible to a $500 deductible, or save $484 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, could drop their prices as much as $824 annually just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it will be required to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Why you should be comparing rates
Omaha auto insurance rates are based on many factors that may substantially change the cost of your policy. Simply getting older, increasing deductibles, or getting a couple of tickets can produce rate changes that can now make some companies cheaper than competitors.
Not only may your situation change, but companies amend pricing as often as every quarter to ensure their profitability. Heavier than normal losses can cause increased rates, while lower claim expenses may cause cheaper Omaha car insurance rates.
As an example, the data below shows which company has the cheapest car insurance in Omaha, NE for a 35-year-old female driver with no prior claims, no tickets, and a high credit rating. When quoting prices based on her personal risk profile, Safeco might quote the best car insurance rates in Omaha at $878 each year. This is $438 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are the rest of the cheapest Omaha, NE auto insurance companies.
Now we will give the driver from the first rate comparison a chargeable claim, a little lower credit rating, and a couple of points charged on her driving record. Due to the fact that every insurance company has their own guidelines to determine rates, comparing quotes could result in a substantially altered list of the cheapest Omaha car insurance companies as shown below.
Nationwide now has the best auto insurance rate in Omaha with State Farm, American National, General Casualty, and USAA also being competitive. This example illustrates why it is critical to perform a complete rate comparison when trying to get affordable car insurance rates for college students. Prices are influenced by many risk factors and change frequently, so the most economical option the last time you checked may now cost much more than other companies.
The insurance agencies listed below are willing to help you make a decision which insurance coverage will be best for you, as many consumers aren’t sure which coverage to buy and prefer to have a professional recommendation when buying car insurance for college students. It’s not always easy to find the best coverage yourself, so getting professional guidance from a licensed agent can add comfort knowing your policy gives you sufficient coverage for your assets.
To find an Omaha insurance agency in your neighborhood, click the button following the list.
Mech Insurance
3901 Q St – Omaha, NE 68107 – (402) 731-5965
Accredited Insurance Group, Inc.
11347 Davenport St – Omaha, NE 68154 – (402) 334-1780
American Family Insurance – Robert Vacanti Agency Inc.
2928 N 108th St – Omaha, NE 68164 – (402) 496-1550
View more Omaha, NE insurance agents
How to find cheaper auto insurance for college students
Lowering your rates is not difficult, and here are some of the recommended penny-pinching ideas that can help Omaha drivers get cheaper auto insurance.
- Try to remain claim-free
- Drive vehicles with five-star safety ratings
- Increase your credit rating
- Drive attentively and avoid accidents
- Speeding tickets and other violations increase rates
- Shop around for cheaper rates regularly
That last idea is remarkably significant, as was affirmed in the article above. Coverage rates vary greatly, so you should be ready to switch carriers if a lower price can be found. Staying with the same company for years is fine, but it’s not recommended if that devotion results in you overpaying potentially thousands of dollars a year. Spend a few minutes and compare prices and find cheaper insurance for college students in Omaha.