Best cheap car insurance in Lincoln

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The average price for car insurance in Lincoln, Nebraska, is $409 per year for minimum coverage and $1,334 per year for full coverage. Luckily, this is lower than the national average. Another great statistic is the low amount of fatal crashes in Lincoln. Though there were 6,253 crashes in Lancaster county in 2019, only 24 were actually fatal (which is a small number when you consider that Lincoln is a major urban area).

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, we looked at a variety of factors, including customer service, financial strength, premium cost and available discounts.

Best car insurance companies in Lincoln

To determine the best car insurance in Lincoln, we looked at J.D. Power scores, AM Best scores for financial strength, coverage options, 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 Average annual premium for minimum coverage Average annual premium for full coverage
Allstate 832 / 1,000 $514 $1,736
Farmers 827 / 1,000 $533 $1,236
Progressive 849 / 1,000 $463 $1,454
State Farm 849 / 1,000 $413 $1,341
USAA 905 / 1,000 $309 $976

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 the age of 25. If this is the case, you can get discounts for:

  • Maintaining a GPA of 2.7 or higher
  • Garaging your car while you’re away at school
  • Attending and completing Allstate’s young driver education program

Farmers

Not only does Farmers have extremely low premiums, but it also offers a multitude of ways to get your costs even lower. You’ll save the most by bundling or insuring multiple cars with Farmers, but there are many other ways to save. For example, you can 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.

Progressive

Progressive offers great rates, discounts and coverage options. However, our favorite thing about Progressive is just how forgiving it is. Progressive won’t raise your premium during your first policy term if you file a claim less than $500. Plus, if you get into a large accident, Progressive won’t raise your premium if:

  • You’ve had no moving violations in the past three years
  • You’ve had no accidents in the past three years
  • You’ve been a Progressive customer for at least five years

Progressive also has some of the highest customer satisfaction scores in the industry.

State Farm

Tying with Progressive for customer service, State Farm received top marks from J.D. Power in 2020. This isn’t that surprising seeing as how State Farm is the largest auto insurance provider in the United States — meaning they have the resources to provide excellent customer service.

There are a lot of things to like about State Farm. It offers a huge amount of discounts, has every coverage option most drivers need and has a top-notch app. Working on both iOS and Android phones, the State Farm app lets drivers pay their bills, file a claim, check on a claim, show proof of insurance, make changes to their policy and request roadside assistance.

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 would do well to request a quote from USAA. Year after year it beats out its competition for lowest average premium (for both full and basic). 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 will knock off 60 percent off of your premium.

Cheapest car insurance in Lincoln

The average cost of car insurance in the U.S. is $1,601 a year for full coverage, whereas the average in Nebraska is $1,518. 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 its cheapest companies are also its best companies. 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 Lincoln, 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 per person for bodily injury/ death
  • $50,000 per accident for bodily injury/ death
  • $25,000 per accident for property damage

However, when it comes to insurance, it might be wiser to purchase as much as you can comfortably afford. Though the above amounts look like a lot of money, they’re often not after a severe accident. Disregarding bodily injury and just looking at property damage, consider the fact that many new cars are worth well over $25,000 these days. Any amount not covered by insurance must be paid for by you out of pocket.

Plan on leasing or financing a new car? Your lender or auto-dealer will likely require you to purchase a full coverage insurance policy. While rate shopping, don’t just look at a company’s average for basic coverage. Also look at what it typically charges for full coverage.

Car insurance discounts in Lincoln

  • Multi-car
  • Anti-theft
  • Defensive driving
  • Good student

A fast and easy way to save on your car insurance is to sign up for a defensive driving class. You can take the class either online or in person. It costs money but pays for itself after just a few months. Many insurance companies offer permanent savings of 10% for completion.

The best bang for your buck usually comes from a customer loyalty discount— often by way of a multi-car or multi-policy discount. It’s not unusual to save as much as 25 percent for either when you use the same company for all of your insurance needs.

Frequently asked questions

What is the best car insurance company?

Though there are a lot of ways to answer this question, USAA currently ranks as our number one – followed by Geico. That said, it does have some stiff competition. For more information, please our Best car insurance companies page.

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, and life insurance, as well other topics in the personal finance industry.