Cheap Car Insurance Companies In Nebraska

The average semiannual cost of car insurance in the state of Nebraska is $907.29. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Nebraska across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.

*Data Methodology – Updated 2/29/2024

The Nebraska car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in NE. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.

Nebraska Minimum Liability Coverage

Nebraska state law requires all drivers to carry minimum liability insurance coverage. This coverage helps protect you financially in the event of an accident for which you are found responsible. The minimum liability insurance requirements in Nebraska are:

• Bodily Injury Liability: $25,000 per person, $50,000 per accident. This covers injuries to others in an accident that you cause.
• Property Damage Liability: $25,000. This covers damage to others’ property resulting from an accident for which you are responsible.
• Medical Payments Coverage: $2,500. This optional coverage helps pay for medical expenses for others injured in an accident with your vehicle, regardless of fault.

Penalties for Driving Without Insurance in Nebraska

Penalties for driving without insurance in Nebraska are severe and can include hefty fines, license suspension, and even jail time. Nebraska law requires that all drivers carry liability insurance on any vehicle they operate. This insurance must meet the state’s minimum coverage requirements to protect against financial loss in the event of an accident.

If you are caught driving without insurance in Nebraska, you will likely face the following penalties:

A fine between $200 and $500 for a first offense. Fines increase for subsequent offenses, potentially reaching $1,000 or more.

A 60-day license suspension for a first offense and a 1-year suspension for subsequent offenses within 5 years.

Possible jail time of up to 6 months for repeat offenses or if you continue to drive without insurance after your license has been suspended.

In addition, any accident or traffic violation you are involved in while uninsured may result in additional penalties beyond those specifically for driving without insurance. Your vehicle may also be subject to an immobilization or impound if you are caught driving without insurance.

Auto Insurance Rates in Nebraska

Auto insurance rates in Nebraska are generally considered to be lower than the national average. Several factors contribute to this trend.

First, Nebraska has a lower population density compared to most states, meaning there are fewer cars on the road. With fewer drivers, there are statistically fewer accidents and insurance claims, allowing insurers to offer lower premiums.

Second, Nebraska has a relatively high number of rural areas with smaller towns and cities. Rural areas tend to see fewer accidents due to lower traffic volumes and speeds. This also helps keep insurance costs lower.

Third, Nebraska has a large number of drivers with clean driving records. Drivers with a clean record of at least three years qualify for the lowest insurance rates. The high percentage of drivers with clean records in Nebraska helps bring down average insurance costs.

Nebraska also has a lower rate of auto theft compared to most other states. Fewer claims for theft and vandalism allow insurance companies to keep comprehensive coverage premiums lower.

Overall, Nebraska is a relatively affordable state for auto insurance, though there is still room for significant savings if you take the time to compare quotes from different insurance companies. Understanding the factors that influence your rates can also help you optimize your coverage to get the best value.​

Low Cost Car Insurance Programs and Discounts in Nebraska

Car insurance is required by law in Nebraska, but premiums can vary greatly between providers and based on your personal situation. There are several factors that can help lower your rates, from discounts to government assistance programs.

Nebraska has an assigned risk plan called the Nebraska Automobile Insurance Plan for high-risk drivers who cannot obtain coverage through standard insurers. This can be a good option for lower rates, though coverage may be more limited.

Insurers offer a variety of discounts to help keep premiums down, including:

• Multi-policy discounts if you bundle home and auto insurance.
• Good student discounts for teens and college students with good grades.
• Defensive driving course completion discounts for taking a state-approved driving course.
• Low-mileage discounts if you drive under a certain threshold annually.
• Anti-theft devices like immobilizers and tracking systems can qualify you for discounts.
• Military and government employee discounts are common.
• Paying in full up front rather than monthly installments can save you money.

Some insurers also have programs specifically for lower-income drivers. These include:

• Low-income auto insurance programs that base premiums on ability to pay rather than risk factors.
• Special low-cost policies for qualifying lower-income individuals.

Nebraska Car Insurance Statistics

Car insurance is required by law for all drivers in Nebraska. However, the state does not mandate specific coverage amounts, leaving it up to drivers to choose the limits that best suit their needs. Here are some important statistics about car insurance in Nebraska:

• Liability Coverage: The minimum required liability insurance in Nebraska is $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage. However, many experts recommend higher limits, especially for bodily injury coverage.
• Uninsured Motorist Coverage: Around 15% of drivers in Nebraska do not carry auto insurance. Having uninsured motorist coverage can help cover costs if you are in an accident with an uninsured driver.
• Collision and Comprehensive Coverage: Around 80% of Nebraska drivers purchase collision coverage, which covers damage to your own vehicle in an accident. Comprehensive coverage, which covers damage from events like theft, fire and flooding, is purchased by 65% of drivers.
• Average Premiums: The average annual car insurance premium in Nebraska is around $800. However, premiums can vary widely based on your driving record, credit score, vehicle, location and other factors.
• Driving Record: Nebraska drivers have a slightly lower accident rate than the national average, but a higher rate of DUIs. Maintaining a clean driving record and avoiding traffic violations can help lower your insurance costs.

Nebraska law requires drivers to have the minimum amount of car insurance coverage. However, drivers should carefully consider their needs and purchase adequate limits to ensure they are properly protected in the event of a loss.

The 10 Largest Nebraska Car Insurance Companies

Nebraska drivers have many options when shopping for car insurance. Here are the 10 largest car insurance companies in Nebraska based on market share:

1. State Farm – State Farm has the largest market share in Nebraska at 18.7%. It offers a variety of insurance policies including auto, homeowners, life, and health insurance.
2. Farmers Insurance – Farmers has the second largest market share at 10.1%. In addition to standard auto coverage, Farmers offers insurance policies for motorcycles, RVs, and commercial vehicles.
3. Allstate Insurance – Allstate is the third largest insurer in Nebraska with an 8.3% market share. They offer various discounts and innovative coverage options for drivers.
4. American Family Insurance – American Family has a strong presence in Nebraska with a 7.9% market share. In addition to auto insurance, they offer home, life, and business insurance.
5. USAA – While USAA is only open to military members and their families, it has a sizable 5.5% market share in Nebraska. They are known for excellent customer service and financial stability.
6. Geico – Geico has 4.7% of the Nebraska auto insurance market. They are known for affordable rates and a simple claims process.
7. Progressive – Progressive has 4.5% of the Nebraska auto insurance market. They offer usage-based insurance programs and many coverage options.
8. Liberty Mutual – Liberty Mutual has a 4.1% market share in Nebraska. They offer insurance policies tailored to individual needs and lifestyles.
9. MetLife Auto & Home – MetLife has 3.9% of the Nebraska auto insurance market. In addition to standard auto coverage, they offer insurance for renters, condos, and homes.
10. Nationwide – Nationwide has 3.7% of the Nebraska auto insurance market. They are known for financial strength, personalized coverage options, and 24/7 claims service.​