It can be tough to find cheap auto insurance if you have bad credit. Auto insurance companies rely on credit tier as a major rating factor, assigning their premiums based in part on drivers’ credit histories. Because car insurance companies use data that show drivers with low credit scores are more apt to file car insurance claims, they account for for the additional risk by charging more expensive rates.
Car insurance rates with bad credit depends on which company you choose, where you live, and a few other rating factors. See on this page average insurance prices for drivers with bad credit in primary Nebraska cities and rates from large car insurance companies, , along with tips on saving on auto insurance if you have bad credit in Nebraska.
Nebraska drivers pay a penalty of $988 each year for having a "worst"-tier credit score. Drivers in either the “poor” or “below fair to poor” credit tier will also pay above-average rates for a car insurance policy.
|Credit Tier||Average Annual Rate in Nebraska|
|Below Fair to Poor||$1,849|
|Average — All Credit Tiers||$1,184|
Your car insurance prices will also depend on the specific area in which you drive. Insurance companies look at your address to better understand your likelihood of filing a claim: the denser and claim-prone your immediate area is, the more expensive your rates.
Listed below are major Nebraska cities and their average car insurance costs for drivers with low credit scores.
|City||Average Annual Rate — Worst Credit||Average Annual Rate — Poor Credit||Average Annual Rate — Below Fair to Poor Credit|
Another factor that contributes to your premium is the company you select. Each and every auto insurance company prices its policies differently, giving rating factors varying weights in their pricing calculations. Credit score can be a major pricing differentiator between otherwise-similar insurance companies. In Nebraska, the most affordable insurance company with bad credit is Allied, which offers average savings of $43 yearly versus the second-cheapest company, Farmers Mutual of Nebraska.
See below rates from popular auto insurance companies in Nebraska for drivers with bad credit.
|Company||Average Annual Rate — Worst Credit|
|Farmers Mutual of Nebraska||$1,534|
If you're having a hard time finding auto insurance with a bad credit history, remember these tips: