Cheapest and Best Car Insurance in Lincoln, NE (2024)

In Lincoln, Nebraska, American National P&C has the lowest rates for minimum and full coverage. Allstate is the most affordable for families with teens. Auto-Owners tops MoneyGeek's rankings for service and overall value, balancing cost and service. Choosing the optimal provider depends on personal needs and preferences.

MoneyGeek found that American National P&C is the cheapest option in Lincoln for minimum coverage car insurance.

• American National P&C: $181 per year
• Farmers Mutual of Nebraska: $268 per year

Farmers has the most expensive minimum coverage policy in Lincoln at around $839 annually. With a stark price difference of $658 when compared to American National P&C, it's clear that comparing car insurance rates can lead to significant savings.

In Nebraska, state law sets the minimum required car insurance coverage. The basic policy includes the following:

• $25,000 bodily injury per person
• $50,000 bodily injury per accident
• $25,000 property damage liability per accident
• $25,000 uninsured motorist bodily injury per person
• $50,000 uninsured motorist bodily injury per accident

If you're in an at-fault accident and the bodily injury expenses of the other party are $30,000, your minimum coverage policy will address $25,000 of that cost. The remaining $5,000 would be your financial responsibility.

MoneyGeek found that American National P&C offers the cheapest full coverage car insurance in Lincoln.

• American National P&C: $452 per year
• Auto-Owners: $755 per year

AAA has the most expensive full coverage policy in Lincoln, costing about $1,505 annually — $1,053 more than American National P&C's policy. This price difference highlights the importance of shopping around for car insurance, as full coverage policies include comprehensive and collision coverage, protecting against various risks but at a higher cost.

Beyond the enhanced liability thresholds, full coverage policies bundle collision and comprehensive insurance components.

• Collision Insurance: This ensures that your vehicle's repair costs are covered if it is involved in a collision with another car or an inanimate object, such as a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This covers vehicular damages arising from non-collision incidents, such as theft, vandalism, fires, natural disasters or being hit by an animal like a deer.

Purchasing full coverage insurance is prudent for those with new vehicles, as it offers a robust financial safeguard for your asset. Conversely, the added expense for those driving older models — potentially amounting to hundreds more — may not justify the benefit. Determining how much car insurance you need is about weighing the increased premium costs associated with comprehensive coverage against the danger of being underinsured with a more basic policy.

MoneyGeek found that American National P&C is the cheapest option in Lincoln for drivers with a poor driving record looking for a full coverage policy, regardless of the offense type. The most affordable rates for each violation are:

• Speeding Ticket: American National P&C ($523 per year)
• At-Fault Accident: American National P&C ($597 per year)
• DUI: American National P&C ($663 per year)

AAA has the highest rates for these offenses, especially for DUIs, which can cost up to $5,727 annually. The disparity in premiums highlights how the severity of an infraction can influence car insurance rates, with a DUI commanding a higher price than a speeding ticket by $140. For Lincoln drivers, it’s clear that maintaining a clean record is important to keeping insurance costs in check.

In cities like Lincoln, insurance rates increase with the severity of a driving offense due to the greater risk perceived by insurers. For instance, drivers with a speeding ticket pay an average annual premium of $1,985, while those with a DUI face significantly higher rates at around $2,887 annually. It's crucial for individuals with driving offenses to diligently compare insurance rates, as finding the right coverage could lead to substantial savings despite their infractions.

MoneyGeek found that Allstate offers the cheapest car insurance for teens in Lincoln, with no rate difference between male and female teen drivers.

• Allstate: $1,911 per year for female and male teens
• GEICO: $2,062 per year for female teens; Progressive: $2,290 per year for male teens

These rates reflect the cost of adding a teen driver to a policy shared with two parents. While offering a competitive rate for female teens at around $2,998 annually, State Farm presents the most costly policy for male teen drivers at approximately $3,826 per year. There is a $1,087 difference when comparing the highest and lowest rates for female teens, underscoring the need for families to diligently compare options. Teen drivers are often considered high-risk, and such comparisons could yield substantial savings.

In Lincoln and comparable cities across the U.S., teen drivers face staggering insurance rates when purchasing individual policies. A teen buying car insurance independently will pay around $5,575 annually, compared to just $2,645 when added to a family policy. This $2,930 difference reflects the perceived risk insurers associate with young, inexperienced drivers. High accident rates among this demographic lead to elevated premiums. It's also often challenging for teens to secure an individual policy due to stringent underwriting criteria centered around age and driving history. It's financially prudent for families to opt for joint coverage, which provides a more affordable and accessible route for insuring young motorists.

MoneyGeek found that American National P&C offers the cheapest car insurance for military backgrounds in Lincoln. These companies offer the most affordable full coverage for military members:

• American National P&C: $452 per year
• Auto-Owners: $755 per year

While the annual premium of USAA is not the cheapest at around $849 per year, it specializes in providing service that caters to the needs of active-duty military members.

In Lincoln, a meticulous comparison of car insurance rates is the optimal strategy for cost savings. However, dedicating upward of 15 minutes per insurer to assess quotes can accumulate to over an hour for just three companies.

MoneyGeek's car insurance calculator can expedite this process, enabling instant savings. Input crucial data such as age, driving history, credit standing and coverage preferences to swiftly receive tailored rate estimates, streamlining your decision-making in securing the ideal car insurance plan.

Selecting the ideal auto insurance depends on how much you prioritize aspects like service, cost and coverage. MoneyGeek employs unique scoring systems to evaluate these parameters for Lincoln's insurance market.

• Best overall: Auto-Owners (MoneyGeek score 79 out of 100)
• Best for service: Auto-Owners (MoneyGeek score 80 out of 100)
• Best cheap: Auto-Owners (MoneyGeek score 81 out of 100)

Auto-Owners is Lincoln's premier choice for overall value, service and affordability. It represents a balanced offering for those who want quality service and cost-effectiveness in their car insurance experience.

MoneyGeek found that Auto-Owners is the top option in Lincoln for drivers seeking the best car insurance.

• Auto-Owners: MoneyGeek score of 79 out of 100 ($755 per year)
• American National P&C: MoneyGeek score of 78 out of 100 ($452 per year)

Auto-Owners stands out primarily due to its superior claims and customer satisfaction scores. Its high MoneyGeek score for a full coverage policy indicates that customers can expect responsive service, a hassle-free claims process and a reasonable annual premium.

MoneyGeek found that Auto-Owners is the best option in Lincoln for car insurance based on customer service. This recommendation considers factors like general satisfaction, claims handling and coverages, regardless of rates.

• Auto-Owners: MoneyGeek score of 80 out of 100 ($755 per year)
• Shelter: MoneyGeek score of 75 out of 100 ($1,059 per year)

Auto-Owners stands out in Lincoln thanks to its top MoneyGeek score, driven by its highest satisfaction and claims scores and strong coverage options. It's the leading choice for Lincoln drivers looking for reliable and quality service from their car insurance provider.

MoneyGeek found that Auto-Owners is the top provider of affordable and reliable car insurance in Lincoln. The MoneyGeel score highlights that, even though their premiums are consistent with an emphasis on affordability, customer claims experience and satisfaction remain key factors in the overall scoring.

• Auto-Owners: MoneyGeek score of 81 out of 100 ($381 per year)
• American National P&C: MoneyGeek score of 81 out of 100 ($181 per year)

Auto-Owners distinguishes itself through its affordability and top-tier claims satisfaction and stability scores. This balanced approach to scoring reflects the company's commitment to providing excellent value to its customers with a minimum coverage policy.

In Lincoln, Nebraska, the average cost of car insurance is $971 a year. This figure is lower than Nebraska's average annual car insurance premium of $1,065, indicating that Lincoln residents pay about $94 less than the state average. Comparatively, Nebraska's average insurance costs are significantly less than the national average annual cost of $1,781, showing that Nebraskans save around $716 on car insurance relative to the typical American driver.

Although factors such as a driver's history, vehicle type and coverage levels influence car insurance rates, the impact of location on premiums cannot be overstated. Rates vary notably between different areas because they are affected by issues like traffic density, accident rates, crime levels and weather patterns, all of which influence the likelihood of filing a claim. The city with the most expensive car insurance premium in Nebraska is Omaha, at around $1,186 per year. The cheapest premium is found in Lincoln, averaging $971 per year. The substantial $215 difference between the two cities illustrates the effect of location on insurance rates. Insurance rates may be even lower in less populated non-city areas with sparser traffic.