Who Has the Cheapest Car Insurance Rates in Omaha?

Omaha, Nebraska’s population is slightly more than 468,000. Located on the Missouri River, Omaha is the largest city in the state and the seat of Douglas County. Roughly 1.3 million people reside in the Greater Omaha area. The mean travel time to work for those who commute is 18.7 minutes, considerably less than the national average of 26.6 minutes. This shorter travel time means that a single-car household will spend over 187 minutes in the car during a normal work week and a 2-car household will spend closer to 375 minutes in the car. This isn’t counting travel time to pick up groceries, take kids to school or activities, or go out for food or entertainment outside the home. Since there is relatively little public transportation available, cars are the way most Omaha residents get back and forth to work. About 70% of Omaha residents are in the civilian labor force.

In 2018, the Omaha-Council Bluffs metropolitan statistical area was ranked 47th in the country for the number of vehicle thefts. That year, there was a total of 3,595 such crimes, which equaled around 381 thefts for every 100k residents.

What are the Insurance Requirements in Omaha?

Nebraska requires all motorists to carry a minimum of $25,000 for one person’s bodily injury liability and $50,000 per accident for all bodily injuries in an accident with multiple injuries, along with $25,000 in property damage liability. Many states do not require drivers to purchase uninsured and underinsured motorist coverage, although it is highly recommended. In Nebraska, such coverage is mandatory. Drivers must purchase at least $25,000 per person and $50,0000 per accident in bodily injury liability insurance for both uninsured and underinsured motorists.

The state does not mandate collision and comprehensive coverage, but if you owe payments on your vehicle or lease it, the lender will require this insurance.

You can protect yourself by buying more than the minimum amount of required coverage. If you are involved in a serious accident and purchase only the minimum, you could find yourself an underinsured driver. Insufficient insurance puts your personal assets at risk when there is a collision at which you are at-fault.

Most Expensive and Least Expensive Insurance Rates by Zip Code

Cheap Car Insurance in Omaha by Insurer

How much you will pay in Nebraska for cheap car insurance depends on various factors. One is your age, as those under 25 will pay higher premiums than older, more seasoned drivers. Your zip code also plays a large role. In Omaha, depending on your zip code, your insurance rate can vary by nearly $300. Those living in zip codes with a higher rate of traffic accidents will pay more for insurance than those living in low-traffic accident zip codes.

Use this guide to compare auto insurance quotes from the best companies.

Low Cost Auto Insurance for Bad Credit in Omaha

How much you will pay for auto insurance depends on factors beyond zip code and age. Your driving history plays a big role in your car insurance costs, but you probably know that. What you may not know is that a bad credit score can greatly affect the amount you must pay for auto insurance coverage. The good news is that, if you improve your credit score, you can eventually qualify for lower rates. You can speed this process by finding low cost auto insurance and tending to your other debts.

Learn how having no credit can affect car insurance costs.

Difference Between Liability and Full Coverage

What is Liability-Only?

Liability insurance covers the possible cost of damage you cause to others while driving. This could mean the cost of medical care for those injured in an accident or repair costs of the damage you have caused to other vehicles.

With liability insurance, there are 3 key numbers: injury coverage per person, coverage for total injury per accident, and property damage coverage per accident. Each state has different requirements for car insurance minimums. In a policy that has coverage for 15/30/25 means $15,000 per injured person, with a maximum of $30,000 for all the people who are injured in an accident, and $25,000 in coverage for property damage.

What is Full Coverage Car Insurance?

While liability insurance covers other people and vehicles in an accident where you were the one considered at fault, full coverage insurance can also cover you and your vehicle as well. Full coverage includes two different types of coverage combined into one insurance plan; comprehensive insurance and collision.

Comprehensive coverage is for the damage of other vehicles that are outside of driving situations such as weather damage, fire, or theft.

Collision coverage is basically to pay for damage that you caused while driving such as an accident with another vehicle, hitting an object, or driving off the road.

The difference between collision and comprehensive is, if a tree were to fall on your car and damage it, comprehensive insurance would cover it, however, if you were driving and hit a tree causing damage to your car, then it would be covered by collision.

Key Differences Between Full Coverage and Liability Only

So, liability-only insurance coverage will pay for what you did to the neighbor’s bumper when you backed into it while rushing to work. It will pay for the hospital visit by a bicyclist you hit who has a broken leg. Liability-only only insurance will pay for the utility panel you hit at the RV resort when you had trouble backing in.

Collision will pay for any damage you did to your own vehicle when you backed into that utility panel at the RV resort. Comprehensive will pay for the damage your vehicle suffered when a tree fell on it in intense rains that weakened the soil.

The difference between liability and full coverage insurance policies is that liability only covers other people and their vehicle if an accident should occur where you are at fault, but, with a full coverage insurance plan, you and your vehicle would also be covered along with other’s and their vehicle as well.

Another difference between the two is that a deductible is associated with full-coverage insurance, but not with liability. There is also a difference in price, where full coverage will cost more than liability insurance.

Average Annual Car Insurance Rates in Nebraska by City

Additional cities in Nebraska you can check out.



Tips to Get a Cheaper Car Insurance Rate

Save on Your Insurance Policy Rates With These Discounts in Omaha:

  • Avoid Accidents:

    When your record is clear of at-fault accidents, insurers see you as a better financial risk. Thus, your premiums will be lower.

  • Don’t Speed:

    If you have one or more speeding tickets, your insurance rates will be higher. This is because high speeds are associated with accidents, and if you speed you are more likely to be deemed at-fault in an accident.

  • Shop Around:

    There are at least twenty auto insurance companies currently active in Omaha. Their premium rates are spread over a wide range, so be sure to compare prices and make sure you get the best, and most affordable, policy for you.

  • Comprehensive Insurance Packages:

    Insurance companies like when you use them for more than simple auto insurance. Thus, they frequently offer packages that include homeowner’s insurance, or other policies, on the same account. When you opt for one of these comprehensive policies, the company is often able to lower your automobile premium as part of the deal.

  • Multiple Vehicles:

    Similar to purchasing a comprehensive insurance package, combining multiple vehicles on the same policy results in lower premiums. Consider this a bulk purchase for your auto insurance.

  • Military and Student Discounts:

    Sometimes insurance companies have special discounts for certain demographics, like active military or students.

Check out this guide to learn about insurance premium discounts you may qualify for.

Omaha NE Car Insurance Premiums Cost – What Affects Your Rates?

Your car insurance rate in Omaha NE is based upon many factors. You will be charged more or less on your policy based upon your age, marital status, and your number of moving violations and accidents. You will also be charged by the carrier based upon the type of vehicle you drive, whether it is paid for or not, and whether you decide that it is cost effective and prudent to have collision insurance or not. Also, insurance agency rates are highly variable, based upon the company and what area of the country you live in. Those in rural areas often pay less, while people in large, metropolitan cities often pay more. Armed with knowledge and by shopping around, you overcome some of these factors and save substantial money each year on auto insurance.

If you have a bad driving record and need cheap insurance, compare rates here.

Helpful Omaha, Nebraska Vehicle Resources:

Live Traffic Accidents by City

DMV in Nebraska (Find Locations, Vehicle Registration, Titles and Insurance Info)


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