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Best cheap car insurance in Lincoln

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Drivers in Lincoln, Nebraska, pay an average of $409 per year for minimum coverage car insurance and $1,334 per year for full coverage. Though it might seem pricey, this is about 23% lower than the rest of the nation. On average, the national cost of full coverage car insurance is higher, at $1,674 per year.

Even though Lincoln drivers are paying great rates compared to the rest of the country, there’s no reason for them to pay any more than is necessary. To determine the best cheap car insurance in Lincoln, Bankrate reviewed a variety of factors, including customer satisfaction ratings, financial strength, premium cost and available discounts.

Best car insurance companies in Lincoln

To determine the best car insurance in Lincoln, we analyzed average premium data from dozens of insurance companies using data provided by Quadrant Information Services. From there, we reviewed each company’s J.D. Power scores, AM Best ratings for financial strength, coverage options, the average price for a policy (minimum and full), as well as available discounts.

Here are our top 5 providers for Lincoln, Nebraska:

Insurance company J.D. Power score (Central Region) Average annual premium for minimum coverage Average annual premium for full coverage
Allstate 826/1,000 $514 $1,736
Farmers 848/1,000 $533 $1,236
Progressive 837/1,000 $463 $1,454
State Farm 847/1,000 $413 $1,341
USAA 897/1,000 $309 $976

*While USAA received a J.D. Power Score, it is not eligible for ranking because it does not meet study award criteria.

Allstate

Allstate has a variety of coverage options to satisfy just about any driver. For example, if you drive or plan to drive for Uber or Lyft one day, Allstate offers rideshare insurance to protect you while you’re working.

As far as discounts go, every driver should be able to find a few discounts to help lower their premium. This is especially true if you have or are a student under 25. If this is the case, you may qualify for a good student discount, a student away at school discount and a TeenSmart discount for completing Allstate’s young driver education program.

Learn more: Allstate Insurance Review

Farmers

Not only does Farmers offer low premiums, but it also offers additional ways to get your costs even lower. You’ll usually save the most by bundling or insuring multiple cars with Farmers, but there are many other ways to save. For example, you may save money by signing up for auto-pay, having anti-lock brakes or even getting your VIN etched into your glass.

Farmers also offers a large number of coverage options. Like Allstate, you can purchase rideshare insurance, but you can also purchase guaranteed value, spare parts and loss of use coverage.

Learn more: Farmers Insurance Review

Progressive

Progressive offers great rates, discounts and coverage options. However, our favorite thing about Progressive is just how forgiving it is. In most states, Progressive may not increase your premium during your first policy term if you file a claim less than $500. Plus, accident forgiveness may be automatically included in some states. This means that Progressive may waive the rate increase you might have incurred for your first at-fault accident.

Learn more: Progressive Insurance Review

State Farm

State Farm received top marks from J.D. Power in 2021. This isn’t that surprising seeing as how State Farm is the largest property and casualty insurance provider in the United States by market share — meaning it has the resources to provide standout customer service.
There are a lot of things to like about State Farm. It offers an array of discounts, has several coverage options most drivers need and has a top-notch app. Working on iOS and Android phones, the State Farm app lets drivers pay their bills, file a claim, check claim status, show proof of insurance, make changes to their policy and request roadside assistance.

Learn more: State Farm Insurance Review

USAA

USAA is a niche provider. It only insures drivers who are either current or retired military, as well as their immediate family. If this describes you, you might consider requesting a quote from USAA. The auto insurer offers low average premiums (for full and minimum coverage) and high customer satisfaction. No, it doesn’t offer too much in the way of discounts, but it does have a good handful to help most drivers save even more. For example, if you’re deployed and need to garage your car, USAA may knock off up to 60 percent off of your premium.

Learn more: USAA Insurance Review

Cheapest car insurance in Lincoln

The average cost of car insurance in the U.S. is $1,674 per year for full coverage, whereas the average in Nebraska is $1,531 per year. Lincoln fares even better with an average of $1,334 for full coverage. However, that’s no reason to not shop around for the cheapest car insurance in Nebraska.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $309 $976
Auto-Owners $311 $1,168
Nationwide $341 $972
State Farm $413 $1,341
Progressive $463 $1,454

Lincoln is fortunate in that many of its cheapest companies are also its best companies, according to our research. Each has great customer service, coverage options and rates. The main difference between this list and the list in the previous section is Auto-Owners and Farmers. In the end, Auto-Owners didn’t make it into the previous section because Farmers offered more discounts. However, both are great companies that deserve your attention.

Lincoln insurance requirements

To be properly insured in Nebraska, you must have, at minimum, a 25/50/25 policy. Written out, this means that if you’re in an accident your insurance provider must cover up to:

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

If involved in an at-fault accident, anything above these amounts — and any damage to your vehicle or medical bills — would be your own expense. For this reason, many drivers opt to buy higher liability limits and include additional coverage for themselves and their vehicles. Building a more robust insurance policy might be more expensive but could potentially provide a valuable buffer for your finances in the event of an accident.

Additionally, if you plan to lease or finance a new vehicle, your financial institution will likely require you to purchase full coverage car insurance. This typically includes collision and comprehensive coverage to insure your car. When shopping for insurance, it’ll be crucial to look at both the coverage offered and premium rates to find the best fit for your needs and situation.

Car insurance discounts in Lincoln

Stacking car insurance discounts is one of the best ways to save money on car insurance. Some discounts are based on your insurance profile, such as a multi-car discount based on your number of insured vehicles. Young drivers may also qualify for a good student discount based on their GPA or take a safe driving course for another discount.

Being a safe driver is one of the easiest ways to save money on car insurance, as many companies offer safe driving discounts based on how many years you’ve been accident-free and ticket-free. If you want to be directly rewarded for your safe driving, you might even be able to participate in a usage-based telematics program to earn more discounts off your car insurance premium.

Frequently asked questions

What is the best car insurance company?

The best car insurance company varies by person and is usually based on rates, coverage options, customer satisfaction and claims satisfaction. The easiest way to find the best carrier for your needs is to shop around. Obtaining quotes from multiple car insurance companies can help you understand what company fits your needs and offers you the best price.

How much does car insurance in Lincoln cost?

The average price most drivers pay in Lincoln is $409 per year for minimum coverage and $1,334 per year for full coverage. However, the price you pay may vary depending on factors like your age, driving history and car type.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Written by
Lauren Ward
Insurance Contributor
Lauren Ward has nearly 10 years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, and Reviews.com. She covers auto, homeowners, life insurance, and other topics in the personal finance industry.
Edited by
Managing Editor