Car insurance in Nebraska

Posted on September 26, 2014

The state of Nebraska is known for its overall low cost of living combined with a strong economy. For Nebraska drivers, auto insurance premiums are lower, on average, than they are in most U.S. states. Read on for recent rates, stats, laws and facts pertaining to Nebraska car insurance. This helpful summary will help you find your lowest possible rates.

Nebraska Minimum Liability Coverage

Nebraska, like most states, imposes a minimum required insurance coverage for each owned vehicle. Drivers must buy at least $25,000 in personal injury insurance, $50,000 in per-accident coverage for physical injuries to others, and no less than $25,000 in coverage against property damage. Insurance carriers refer to Nebraska’s minimum required car insurance coverage as 25/50/25. Still, experts recommend 100/300 coverage per vehicle, as well as Uninsured Motorist (UMI) protection. Despite the legal requirement, roughly one out of every thirteen vehicles on Nebraska roads is uninsured.

Penalties for Driving Without Insurance in Nebraska

The penalty for getting caught driving an uninsured passenger vehicle in Nebraska is suspension of your driver’s license until proof of financial responsibility is provided. Additional penalties include reinstatement fees and raised premiums. Strangely, no fines. These penalties are not too stiff in comparison to other states. Still, Nebraska has a relatively low percentage of uninsured drivers.

Auto Insurance Rates in Nebraska

The average insurance premium for a vehicle owned in the state of Nebraska was around $1,188 in 2016. This is comfortably lower than the national average, which was $1,347 at that time. Reports from Top50States.com indicate that Nebraska’s relatively low average premium on car insurance has something to do with the state’s low crime rates, low percentage of uninsured vehicles, relatively few speeding fatalities, and a low incidence of DUI deaths (only about fifty per year), not to mention the kind of strong, steady economy that attracts financial giants like Warren Buffet.

Low Cost Car Insurance Programs in Nebraska

Vehicle owners in Nebraska have ample resources for reducing the cost of car insurance. For instance, most carriers offer discounts to encourage safe driving habits. Available discounts include Good Driver discounts, Accident Free discounts, Good Student discounts, Senior Citizen discounts, Multiple Policy discounts, and Multiple Automobile discounts, among others. Some Nebraska drivers further reduce their rates by paying off annual premiums in advance, raising their deductible amounts, installing vehicle safety features and (above all) maintaining safe driving habits.

Obtaining Auto Insurance Quotes in Nebraska

Based on recent cost comparisons, customer satisfaction ratings and consumer reviews, Nebraska’s most favored auto insurance carriers are Acuity, Allianz, Farmers Mutual, Amica Mutual, Geico, Travelers, Nationwide, State Farm, Progressive, Farmers and American Family Insurance. Call any or all of these, and ask the agent for a free quote. Then ask about discounts. Then compare rates and select the cheapest plan. Following these simple steps can save you hundreds each year in car insurance costs.

Nebraska Car Insurance

There are many ways Nebraska drivers can minimize their rates on Nebraska car insurance. Scroll down to find complete details about buying car insurance in the state of Nebraska.

Learn how to grab all the cost-saving discounts. Find out which types and what amounts of car insurance Nebraska drivers need. Read about the 10 largest car insurance companies in the state of Nebraska, and the 10 largest car insurance companies in the United States.

Feast your eyes on Nebraska poverty rates, Nebraska unemployment rates, Nebraska population info, Nebraska median incomes, and other demographic details that affect car insurance rates in the state of Nebraska.

Compare your own annual premium rates to the statewide average annual premium rate for Nebraska car insurance. See how Nebraska measures up among states in terms of the cost of car insurance. For even more thorough research, scroll down to compare average premium rates from the four cheapest zip codes and the four most expensive zip codes in the state of Nebraska.

Read on and save! Let us show you how to lower your premium rates on Nebraska car insurance.

Nebraska Car Insurance Statistics

Nebraska is known as the state where the food is. Most of Nebraska is blanketed in farmland. Even in larger Nebraska cities like Omaha and Lincoln, the population density is relatively low.

The unemployment rate in Nebraska is a super low 3 percent, quite beneath the national average unemployment rate of 4.4 percent. In fact, the state of Nebraska has the 6^th lowest rate of unemployment in the United States. The poverty rate in Nebraska is 12.6 percent, still a safe distance below the national average poverty rate of 13.5 percent.

The total population of the state of Nebraska is about 1.9 million, according to a recent estimate from the United States census bureau. The median age of Nebraska’s resident population is about 36.1 years.

Recently, a group of statisticians calculated that the statewide average annual premium rate for a car insurance policy purchased in Nebraska was about $1,113, quite a ways under the national average car insurance rate, which was around $1,355 at the time.

Another group of statisticians from the Insurance Research Council recently studied drivers in Nebraska. They noted that only about 6.7 percent of drivers in Nebraska are operating uninsured vehicles. Of all 50 states and Washington DC, Nebraska has the 7^th lowest rate of uninsured drivers.

The Largest Nebraska Car Insurance Companies

When choosing a Nebraska car insurance carrier, you may prefer one of the major auto insurance companies, or maybe a smaller, regional carrier is more your style. Even after you know the size of carrier you prefer, there are still so many options among Nebraska car insurance companies. Just to get you started, below is a list of the largest car insurance companies in America, followed by a more detailed list of the largest car insurance companies in the state of Nebraska.

According to statistical research, the ten largest car insurance companies in America are 1) Allstate Insurance, 2) State Farm Insurance, 3) Geico, 4) Progressive Insurance, 5) Nationwide Group, 6) AAA, 7) Liberty Mutual Insurance, 8) 21^st Century Insurance, 9) GMAC, and 10) AIG, in that order. These car insurance companies were ranked by the total dollar amount of annual written premiums.

Here is another list of the ten largest car insurance companies in Nebraska. These carriers are also ordered by the total yearly amount of direct annual premiums written. This dollar amount reveals each company’s total market share in the state of Nebraska.

Rank	Company	Premiums ($)	Market Share (%)
1	State Farm Insurance Group	$232,792	23.56
2	Progressive Insurance Group	$120,525	12.2
3	Farmers Mutual Insurance of NE	$82,369	8.34
4	American Family Insurance Group	$79,742	8.07
5	Farm Bureau P&C Group	$74,533	7.54
6	Nationwide Group	$60,094	6.08
7	Farmers Insurance Group	$46,010	4.66
8	Berkshire Hathaway Insurance	$42,822	4.33
9	Allstate Insurance Group	$40,400	4.09
10	USAA Group	$36,369	3.68

Judging from the list, it seems that State Farm Insurance and Progressive are the most popular car insurance companies in Nebraska, together claiming more than a third of all auto insurance policies sold in both states. However, the largest car insurance company is not necessarily the best one for you. There is actually no such thing as The One Best Nebraska Car Insurance Company.

Cutting Costs on Nebraska Car Insurance

One sure way to lower the cost of Nebraska car insurance rates is to read a lot of consumer reviews, compare a lot of online quotes, and discover every discount you can get. This is how Nebraska drivers can lower their rates on auto insurance by as much as hundreds of dollars a year.

Reading consumer reviews, however negative they may be, will help a driver decide which car insurance carrier to choose. All car insurance companies receive some reviews from unhappy customers. Try to read “between the lines,” in order to get a general idea of the quality of customer service.

Then make a list of whichever companies are your best candidates for a Nebraska car insurance policy. Then go to each company’s website to retrieve online quotes. Compare quotes between different car insurance companies, but also between different zip codes within the state of Nebraska. Get an online quote for your home zip code, your work zip code, and/or your school zip code. Or maybe you can think of another (cheaper) zip code where you might park your car.

Some discounts will be automatically factored in to your online quote, but other discounts may still be available. Go to the discounts page on every Nebraska car insurance website you visit. If you are unsure, call one of the company’s agents to inquire about particular discounts. If you want to get discounts on car insurance rates, it helps to be proactive.

There are many available auto insurance discounts for drivers in Nebraska. These include paid in full discounts, payment method discounts, occupational discounts, vehicle type discounts, safety feature discounts, multiple policy discounts, and anti theft device discounts. Depending on your demographic range, car insurance companies also have discounts for safe drivers, infrequent drivers, senior drivers, and students who perform well in school.

What Types Of Car Insurance Do Nebraska Drivers Need?

Nebraska car insurance laws mandate that all vehicles registered in the state of Nebraska must have coverage amounts of at least $25,000 for bodily injury to others, $50,000 in per-accident coverage, and $25,000 to cover the cost of property damage. This may seem like a lot of coverage in theory, but in practice, state minimum coverage requirements are usually not enough to cover the cost of vehicle repairs and/or medical bills incurred by auto accidents. In fact, American insurance experts recommend coverage amounts of $100,000 for personal injury protection, $300,000 against bodily injury to others, and no less than $50,000 to pay the cost of property damage.

Drivers in Nebraska are also required to purchase the same personal liability limits ($25,000 for bodily injury to others and $50,000 in per-accident coverage) of uninsured and underinsured motorist insurance (UMI). Although Nebraska has one of the nation’s lowest rates of uninsured drivers, even vehicles that are insured tend to be underinsured, because many drivers only purchase the minimum required coverage.

Nebraska drivers can also purchase comprehensive and collision coverage. This insurance will cover the cost of many unfortunate vehicular mishaps, such as collisions, animal strikes, wildfires, tornado damage, falling trees, flying objects, vandalism, and car theft, among others.

Strange Nebraska State Traffic Laws

Drivers on mountains in the state of Nebraska are required to drive carefully near the right hand edge of the highway. (They probably would, if there were any mountains in Nebraska, which there are not.)
In the state of Nebraska, it is illegal to fly a plane while drunk. (Better wait until you leave Nebraska air space before you drink while flying, or you may get charged with an FUI.)
The earliest age at which a Nebraska resident can drive a motor vehicle is 14 years and 2 months.

Best And Worst Zip Codes For Nebraska Car Insurance

The reason why Nebraska car insurance rates change between zip codes is because of the changes between zip codes in population density, unemployment rates, poverty stats, resident median ages, median income levels, crime rates, and the percentage of uninsured drivers on the roads.

Here is a list of the four priciest neighborhoods in the state of Nebraska to buy car insurance. Annual premium rates in these Omaha zip codes can range from about $990 to around $1,790.

Zip Code	Pop Density	Unemployed %	Poverty %
68110 (Omaha)	1,038	16.50%	40.10%

This Douglas County zip code covers the area that surrounds the Shoreline Golf Course and Carter Lake. The neighborhood borders the state of Iowa. This area is home to less than 10,000 people. The unemployment rate here is more than five times higher than the 3 percent state average. The poverty rate is also high, more than three times greater than the 12.6 percent state average.

Zip Code	Pop Density	Unemployed %	Poverty %
68111 (Omaha)	4,127	15.60%	40.00%

This part of Omaha is home to roughly 22,000 people. This zip code is just a few blocks northeast of the University of Nebraska at Omaha. Again, the unemployment and poverty rates are way above the state averages.

Zip Code	Pop Density	Unemployed %	Poverty %
68112 (Omaha)	714	7.30%	17.70%

This zip code is situated immediately north of 68110, and also borders the state of Iowa. Despite the low population density, the rates of unemployment and poverty are both still quite a bit above state averages, but much lower than in the above zip codes.

Zip Code	Pop Density	Unemployed %	Poverty %
68131 (Omaha)	6,254	11.70%	28.50%

This midtown neighborhood has a high population density, as well as a high unemployment rate and a high poverty rate, as compared to the state averages.

Now do a comparison between the Nebraska zip codes listed above and the neighborhoods shown below. Here is a list of the four cheapest zip codes (on average) in the state of Nebraska to buy car insurance. Yearly premiums in these neighborhoods can run from around $690 to about $1,190.

Zip Code	Pop Density	Unemployed %	Poverty %
68512 (Lincoln)	1,385	3.10%	7.40%

This Lancaster County neighborhood is situated at the southernmost part of the city of Lincoln. This zip code is home to roughly 13,000 residents. Unemployment is right around the 3 percent state average, and the poverty rate is far below the state average of 12.6 percent.

Zip Code	Pop Density	Unemployed %	Poverty %
68516 (Lincoln)	2,079	3.80%	4.40%

About 40,000 people live in this south Lincoln zip code. The unemployment rate is only a little bit above the state average, while the poverty rate is breathtakingly low.

Zip Code	Pop Density	Unemployed %	Poverty %
68505 (Lincoln)	4,460	3.80%	16.10%

This neighborhood is located less than a mile east of the east campus of the University of Nebraska at Lincoln, and is home to roughly 17,000 people. The unemployment and poverty rates are not too far above the state averages here.

Zip Code	Pop Density	Unemployed %	Poverty %
68522 (Lincoln)	1,235	5.50%	12.60%

This part of west Lincoln is home to more than 13,000 people. Unemployment here is slightly higher than average, but the poverty rate exactly matches the state average.

All in all, the state of Nebraska is home to 618 zip codes in 93 counties containing 528 cities, from Alliance to York and everywhere in between. There is a difference of at least $400 in yearly premium rates between the cheapest zip codes and the priciest zip codes to buy car insurance in the state of Nebraska.

How much do you think you can save on Nebraska car insurance?

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