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Hello, Cornhuskers. Ready to plow through some insurance information and harvest tidbits you can actually digest? If you’re looking for information regarding Nebraska car insurance state minimums, laws, discounts, and more, this guide has it all and more.
What are Nebraska’s auto insurance requirements?
There are two ways to drive legally in Nebraska: buy car insurance or put up money in the form of bonds, etc. Let’s start with the first: liability coverage. You’ll need three types of liability insurance to abide by the law in Nebraska: bodily injury, total bodily injury, and property damage. All three will have to have minimums of:
- $25,000 for bodily injury, per one person
- $50,000 for total bodily injury, per accident
- $25,000 for property damage
If you decide to go with the latter and put up money to show proof of financial responsibility in lieu of car insurance, you’ll have to pay $75,000 in the form of a:
- Bond
- Property Bond
- Certificate of Deposit
- Certificate of Self Insurance
That’s a lot of money to float if you don’t need to. The average driver in Nebraska pays less than $800 a year for car insurance, so it makes more sense to go that route if you don’t want to pay out-of-pocket.
Remember that the above figures are just the minimum coverage requirements. Liability insurance only covers the damages of the other party if you’re in an accident. It is highly recommended you add collision coverage and comprehensive coverage to your policy so that your own damages are covered for most potential incidents. You should also consider additional coverages like personal injury protection and uninsured/underinsured motorist coverage.
How are car insurance costs determined in Nebraska?
Car insurance is a risk calculation. Companies will look at your personal information to decide how likely you are to cost them money. The less risky you are as a driver, the lower your premiums will be. The higher the risk, the more you’ll pay. Expect to be asked about the following information when you’re getting a quote:
- Gender
- Age
- Address
- Driving/claims record
- Occupation
- Make and model of car
- Credit score
- How car is used
How can you save money with discounts?
Aside from being a safe driver, you can save with popular auto insurance discounts. This can be especially helpful if you’re paying high rates for auto insurance coverage because of a bad driving record or poor credit score. See if you qualify for the following discounts that are offered through most auto insurance providers:
- Safe Driver Discount
- Multi-Car Discount
- Good Student Discount
- Multi-Policy Discount
- Homeowners Discount
- E-Pay Discount
What do Nebraska drivers pay for car insurance?
As we mentioned above, car insurance rates are based off of a number of factors. According to our research, here are the cheapest auto insurance companies based on average cost.
| Average Annual Rates | |
|---|---|
| USAA | $1,607.33 |
| GEICO | $1,634.13 |
| Progressive | $1,820.24 |
| Allstate | $1,874.25 |
| Farmers Ins | $2,168.45 |
Want to find a cheaper car insurance policy? Licensed agents can help. Call [mapi-phone /] to shop around now.
What insurance options are available for high-risk drivers?
Do you have a few tickets or accidents on your driving record? The Nebraska Automobile Insurance Plan (NEAIP) makes it illegal for auto insurance companies to deny you coverage because you’re a high-risk driver. Your rates will still be higher than normal because of your risk-factor, but you can fix that over time by driving more responsibly.
Did you know?
If you drive one of these most commonly stolen cars in Nebraska, you could see an increase in your rates*.
- Honda Accord
- Chevrolet Pickup (Full Size)
- Honda Civic
- Ford Pickup (Full Size)
- Dodge Pickup (Full Size)
- Jeep Cherokee/Grand Cherokee
- GMC Pickup (Full Size)
- Chevrolet Pickup
- Ford Explorer
- Chevrolet Impala
*According to www.nicb.org
How can you get additional help?
Licensed insurance agents can help answer any additional questions you have. See for yourself by calling [mapi-phone /] today. An agent can help you find the right auto insurance company for your needs and budget.
Resources for Nebraska Drivers