Lincoln, NE Car Insurance
How much does car insurance cost in Lincoln?
The average cost for a six-month policy in Lincoln, Nebraska is $779, or $130 per month on average, which is quite reasonable compared to other capital cities throughout the country. Farm Bureau Mutual (IA Group) is the cheapest car insurance provider in Lincoln for 2023, with rates starting at $515 for a six-month policy.
Additionally, drivers in Lincoln pay less than the state average of $911 every six months and just above the national average of $880. Of our customers in Lincoln, 34% said they are using our product because they're paying too much for auto insurance. To learn more about car insurance requirements and typical rates in Lincoln, continue reading.
| Car Insurance in Lincoln vs. Nebraska | Avg. 6 Mo. Premium |
|---|---|
| Lincoln Average | $779 |
| Nebraska Average | $911 |
The cheapest car insurance companies in Lincoln
Farm Bureau Mutual (IA Group) offers the cheapest car insurance in Lincoln with rates around $86 per month or $515 for a six-month policy.
USAAÂ offers auto insurance for an average rate of $531 for a six-month policy or about $89 per month. Keep in mind that USAA is designed for military members and their families, so be sure to check your eligibility if you're unsure about qualifying.
Coming in third on our list is GEICO, with average rates of $593 for a six-month policy or $99 per month.Â
The Zebra's key takeaways about car insurance in Lincoln:
- The average cost of a car insurance policy in Lincoln is $779 per six-month policy — $130 per month.
- The cheapest company in Lincoln is Farm Bureau Mutual ($515).
- 34% of Zebra customers in Lincoln stated they used our product because they're currently paying too much for car insurance.Â
Are you paying too much for auto insurance?
Lincoln car insurance rates by company
Lincoln residents can find inexpensive full coverage auto insurance with Farm Bureau Mutual (IA Group) or USAA, based on 2023 data. Farm Bureau offers the most affordable rates at $86 per month or $515 for a six-month policy. USAA is the second cheapest, charging $531 for a six-month policy, but keep in mind that not everyone qualifies for USAA coverage.
The Zebra's Customer Satisfaction Survey is an excellent resource for discovering which car insurance companies are most highly regarded.
Cheapest car insurance companies in Lincoln, NE
| Company | Avg. 6 Mo. Premium |
|---|---|
| Farm Bureau Mutual (IA Group) | $515 |
| USAA | $531 |
| GEICO | $593 |
| Nationwide | $599 |
| Farmers Mutual of Nebraska | $618 |
| Allstate | $990 |
| Progressive | $1,124 |
| State Farm | $1,275 |
Dynamic auto insurance data methodology
Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.
Shop around for the best rates
Comparing car insurance companies is the most straightforward way to locate cost-effective policies. Let us handle the difficult tasks while you concentrate on choosing the best alternative to fit your budget and specific needs. Enter your ZIP code to explore quotes from Progressive, Allstate, State Farm, and Nationwide (as well as other top-rated companies) and locate the cheapest car insurance available in Lincoln.
Average car insurance in Lincoln by rating factor
Your car insurance rate is determined by rating factors, which are the unique details about you that insurers consider. Common factors, such as credit score and age, are usually evaluated, but their importance might vary among companies. One insurer might consider your driving and claims history as the most important factor, while another might emphasize your credit score.
Your best insurance company can change over time as your life circumstances and needs evolve. Even if you've been with the same insurer for an extended period, it's wise to shop around and obtain quotes every six months to a year to ensure that you have the appropriate coverage.Â
Q: I didn't have an accident — Why is my insurance going up?
A:Â Your car insurance premium in Lincoln is influenced by various factors, with end-of-year earnings being a key rating factor. This is determined by comparing the revenue earned from premiums against the amount paid out in claims. Even if you have never made a claim, you may still pay more with a particular insurer because of the increased cost of doing business in Lincoln.
Auto insurance premiums by age in Lincoln
Age is a crucial factor in determining car insurance rates. Insurance companies assess risk, and their data shows that teenage drivers pose the greatest risk on the road and are more likely to be involved in accidents. As a result, teenage drivers pay the highest premiums to help cover the insurance company's cost of claims. This can be startling for young drivers. In Lincoln, the difference in rates between teenage drivers and drivers in their 20s is $2,904 per year.
Therefore, with more years of driving experience and a record of safe driving, car insurance premiums are likely to decrease significantly within a few years. To keep premiums low, parents or guardians can add a teen driver to their policy, and students can inquire about discounts for good grades and safe driving.
Cheapest car insurance companies for teen drivers in Lincoln, NE
| Company | Avg. 6 Mo. Premium |
|---|---|
| Farmers Mutual of Nebraska | $1,324 |
| Farm Bureau Mutual (IA Group) | $1,538 |
| USAA | $1,605 |
| GEICO | $1,791 |
| Nationwide | $2,069 |
| Allstate | $2,444 |
| Progressive | $4,431 |
| State Farm | $4,442 |
Zebra Tip:Â The cheapest companies for Lincoln drivers between 20-40 are USAA, Farm Bureau and GEICO
Our research shows that the age range between 20 and 40 has the most drivers in Lincoln. On average, the rate for a six-month policy for this group is $864. If they choose to go with one of these insurance providers, they could potentially save almost 27%.
Auto insurance premiums for minimum coverage in Lincoln
The premium you pay for car insurance isn't just influenced by personal factors like your age or credit score. Your choice of coverage is also a key factor. In Lincoln, an alarming 32% of drivers carry only the minimum required level of insurance. While this can help you save money in the short term, it can also leave you vulnerable in the event of an accident.
If you want peace of mind on the road, consider adding collision or comprehensive coverage to your policy, also known as "full coverage." Keep in mind that these options come at a higher price point and may also include a deductible that can impact your rates. If you're looking for an affordable way to get full coverage, raising your deductible is a good option. The higher your deductible, the lower your premium will be.
Maintaining a sense of safety and security while driving is crucial. With features like roadside assistance and uninsured motorist coverage, you can ensure you're prepared in the event of an accident involving an uninsured driver. Although they may increase your rate, these coverage options offer a greater degree of protection for both you and your vehicle.
Q: Can I lower my car insurance coverage?
A: Possibly — if your vehicle is paid off.
Having leased or financed your vehicle, it is probable that you must maintain a required amount of insurance coverage. However, if you own your vehicle in full, this translates to more flexibility. If you're contemplating dropping comprehensive or collision coverage, we advise you to obtain the actual cash value of your car from sources such as Kelley Blue Book. If your car's value is below $4,000, it's possible that you don't need full coverage, which can reduce your rates. However, this also leaves you vulnerable to paying for damages yourself.
Cheapest car insurance companies for minimum coverage in Lincoln, NE
| Company | Avg. 6 Mo. Premium |
|---|---|
| Farmers Mutual of Nebraska | $142 |
| Farm Bureau Mutual (IA Group) | $159 |
| GEICO | $171 |
| USAA | $183 |
| Nationwide | $219 |
| Allstate | $312 |
| Progressive | $343 |
| State Farm | $391 |
- Minimum: State liability coverage only
- Basic: State liability + collision and comprehensive (full) coverage
- Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. May include additional personal medical benefits and uninsured/underinsured motorist coverage.
- Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.
The minimum level of coverage is the most popular for drivers in Lincoln. But it's still important to do your research and decide what coverage level is best for your specific needs. Keeping the minimum coverage can be a money saver in the short term, but if you're involved in a traffic situation where your liability limits are exceeded things can get very expensive, very quickly. Nebraska's 25/50/25 liability limits provide coverage for damage you cause up to $25,000 per person in bodily injury, $50,000 per accident in bodily injury and $25,000 for property damage. This might be plenty of coverage for a minor situation, but in an accident involving multiple vehicles or people, it might not be enough.
Nebraska also requires uninsured motorist bodily injury coverage with limits of $25,000 per person and $50,000 per accident. Learn more about Nebraska's car insurance laws here.Â
Lincoln car insurance rates by credit score
The majority of states, including Nebraska, consider credit scores to be a major determinant of car insurance rates. This is because insurance companies use credit scores to gauge risk. Studies have revealed that drivers with low credit scores are more likely to have insurance gaps, engage in risky driving behaviors, and file more claims. As a result, having a good credit score usually means a lower risk level for insurers, which often translates to better rates.
For Lincoln drivers, those with poor credit scores (300-579) pay 135% more per year than those with excellent credit scores (800-850), which can result in significant savings over time. 34% of drivers in Lincoln actually have average (580-679) credit scores. Farm Bureau is your best bet if you fall in this credit tier.
Cheapest car insurance companies for bad credit in Lincoln, NE
| Company | Avg. 6 Mo. Premium |
|---|---|
| GEICO | $796 |
| Nationwide | $833 |
| Farmers Mutual of Nebraska | $892 |
| USAA | $934 |
| Farm Bureau Mutual (IA Group) | $977 |
| Allstate | $1,356 |
| Progressive | $2,329 |
| State Farm | $5,564 |
Zebra Tip: If you've recently improved your credit score, it's a great time to shop for insurance!
You don't have to raise your credit score by hundreds of points immediately to enhance it. In Lincoln, our research demonstrates that drivers with "Fair" credit pay $1,102 less for car insurance each year than drivers with "Poor" credit. Your position on the spectrum may only result in a few points of variation.
If you've been working to better your credit by, for example, paying off a loan, now is a good time to examine your credit score to see if your hard work has paid off and can potentially save you money on car insurance.
Auto insurance rates with an at-fault accident
At-fault and collision-type accidents are the most common insurance claims, and you can anticipate a subsequent rate increase. In Lincoln, the extent of these rate hikes is determined by the violation, ranging from $48 to $65 per month. Farmers Mutual of Nebraska offers the best rates after an accident.
To keep your premiums affordable, it is important to be a safe driver no matter where you live. Speeding tickets, reckless driving charges, and DUIs or DWIs will all result in rate increases, and the impact on your premium can last three to five years after an accident. In some cases, more serious violations can affect your premium for an extended period. While accidents are inevitable, practicing safe driving habits behind the wheel not only protects you physically but also financially.
Cheapest car insurance companies after an at-fault accident in Lincoln, NE
| Company | Avg. 6 Mo. Premium |
|---|---|
| Farmers Mutual of Nebraska | $752 |
| USAA | $762 |
| Farm Bureau Mutual (IA Group) | $815 |
| Nationwide | $969 |
| GEICO | $1,021 |
| Allstate | $1,418 |
| State Farm | $1,563 |
| Progressive | $1,624 |
Lincoln car insurance rates by violation
Specific violations and claims can affect your rate differently. The following chart outlines the rate increases you can see from specific auto incidents or tickets.
Car insurance rate increases after violations and citations in Lincoln, NE
Why is car insurance in Lincoln so expensive?
While car insurance may be perceived as an expensive burden, the reality is that auto insurance rates in Lincoln are quite reasonable in comparison to other areas. This is because the cost of living in Lincoln is lower, allowing businesses to operate without the additional expenses that are common in larger cities. Below, we will discuss why car insurance rates may fluctuate in Lincoln and why you might be paying a higher rate.
Your place of residence in Lincoln plays a significant role in determining your car insurance premium. Although you have little control over this factor, it is critical to consider when evaluating risk. Certain neighborhoods are more prone to theft, other crimes, and uninsured drivers. If you live in a high-crime area, it's probable that your car insurance rate will be higher than someone who resides in a safer neighborhood.
Expensive Lincoln ZIP codes:Â 68517, 68514, 68532, 68527, 68528
Cheap Lincoln ZIP codes:Â 68512, 68516, 68506, 68505, 68522
Lincoln's larger population means that there are more cars on its roads than in rural Nebraska, leading to a higher incidence of accidents. The expenses related to these accidents are frequently distributed among other drivers in the vicinity via an increase in insurance premiums, even for those who drive carefully or infrequently.
According to our records, almost 32% of Lincoln's drivers are uninsured. If you have an accident with an uninsured driver in the area, you may be required to pay for the entire repair.
Lincoln may not be in the path of hurricanes or experience destructive earthquakes, but it does have to endure some serious weather from time to time. Nebraska deals with its fair share of flooding, hail, tornadoes and winter storms. In areas where this risk is higher, auto insurance is typically also higher because of the increased risk to insurance companies. Weather-related damage falls under comprehensive coverage, so if you're concerned about weather threats, we recommend carrying comprehensive coverage as part of your policy in Lincoln.
Zebra Tip: Consider UMPD coverage to protect against uninsured drivers
We recommend carrying uninsured motorist coverage (also called UMPD) in cities with high rates of uninsured drivers. It provides assistance to you if you're involved in an accident with an underinsured or uninsured driver. This coverage typically has a lower deductible and is cheaper than collision coverage, and the rate increase after a UMPD claim can be hundreds of dollars cheaper than a collision claim. With Lincoln's rate of uninsured motorists (about 32%), it's definitely worth considering to protect yourself and your vehicle.Â
Bundling insurance policies in Lincoln
In most places, including Lincoln, car insurance is becoming more expensive these days, and finding ways to save may seem like a challenge. Nevertheless, there are ways to make it more affordable, and one of the quickest and easiest methods is to bundle policies.
If you have both car insurance and homeowners or renters coverage, consider contacting your insurance provider to inquire about combining them to receive a multi-policy discount. By bundling, you may be able to save 10% or more on your total premiums. Visit the website to learn more about bundling home and car insurance, and remember to investigate bundling discounts when comparing insurance companies.
Cheapest car insurance companies for bundling home and auto insurance in Lincoln, NE
| Company | Avg. 6 Mo. Premium |
|---|---|
| Farm Bureau Mutual (IA Group) | $469 |
| USAA | $506 |
| Nationwide | $531 |
| Farmers Mutual of Nebraska | $557 |
| GEICO | $564 |
| Allstate | $907 |
| Progressive | $1,026 |
| State Farm | $1,054 |
Auto insurance rates are affected by a variety of factors, and not all of them are within your control. However, there are steps you can take as a driver to keep your costs down. For example, maintaining a clean driving record and improving your credit score can both help you qualify for lower rates. It's also important to shop around and get quotes from different insurers.
By doing so, you can find an insurer that meets your needs and fits your budget.
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Frequently asked questions
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Recently answered questions about car insurance in Lincoln from real Zebra customers
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.