Table of Contents

  • Car Insurance: Lincoln Rates vs. State + National Averages
  • Lincoln Auto Insurance Costs by Insurer
  • Lincoln Auto Insurance Premiums by Driver Age
  • Lincoln Car Insurance Premiums by Gender and Marital Status
  • Average Lincoln Insurance Rates After a Violation or Accident
  • Lincoln Auto Insurance Premiums by Credit Tier
  • Expensive Lincoln ZIP Codes
  • Cheaper Lincoln ZIP Codes
  • List of Insurance Companies in Lincoln
  • No-Fault Insurance in Lincoln

Lincoln, Nebraska, auto insurance rates are very affordable as they are lower than the state and national average.

Lincoln Rates vs. State + National Averages

Drivers in Lincoln must carry specific minimum liability coverage of 25/50/25. What this means is that your policy must include the following:

  • Individual Bodily Injury Liability (BIL): $25,000 for each person
  • Total Bodily Injury Liability: $50,000 for each person
  • Property Damage Liability (PDL): $25,000 for each accident

All drivers in Nebraska must also carry the following types of uninsured motorist coverage:

  • $25,000 for each person
  • $50,000 for each accident

You cannot waive the uninsured/underinsured motorist coverage. You can always increase the minimum amount or add coverage if you're worried you don't have enough protection. While liability pays for damages to other people and their property, collision and comprehensive coverage applies to your medical bills and damages.

If you're found driving without coverage in Nebraska, you immediately lose your driving privileges. You might also need to pay a $100 fine. The consequences could be worse if you cause an accident while uninsured, as the other driver could sue you for the cost of their damages and injuries, which could cost thousands of dollars.

Car insurance costs in Lincoln are rather affordable. According to The Zebra, the average driver in Lincoln pays about $1255 yearly for auto insurance. This amount is less than the state average of $1370 as well as the country's average of $1548.

Lincoln Auto Insurance Costs by Insurer

To save money on your Lincoln car insurance, you should try to compare rates from as many insurers as you can. The Zebra states that State Farm offers the best rates for Lincoln drivers. Other companies making the list include the following:

  • State Farm: $1027
  • Iowa Farm Bureau: $1122
  • Progressive: $1213
  • American Family: $1251
  • Allstate: $1357

Lincoln Auto Insurance Premiums by Driver Age

Insurers base their Lincoln car insurance costs on a variety of factors, one of which includes age. Teenage drivers pay the highest rates, but the amount drops by more than half once they reach their 20s. According to The Zebra, Lincoln drivers should expect to pay the following average annual rates based on their age:

  • Teenagers: $4565
  • 20s: $1663
  • 30s: $1227
  • 40s: $1194
  • 50s: $1105
  • 60s: $1112
  • 70s: $1325

Lincoln Car Insurance Premiums by Gender and Marital Status

Occasionally, your gender and marital status can affect your auto insurance premiums. According to The Zebra, female drivers in Lincoln pay $17 more each year compared to male drivers.

  • Female: $1272
  • Male: $1255

Also, in many cases, married drivers pay less for car insurance based on information claiming that they're less likely to file claims compared to widowed and divorced drivers. QuoteWizard states that some insurers offer discounts to married couples.

  • Single: $1143
  • Married: $1143
  • Divorced: $1255
  • Widowed: $1218

Average Lincoln Insurance Rates After a Violation or Accident

One of the best ways you can keep your car insurance costs down is to maintain a clean driving record. Tickets and accidents are some of the top causes of an increase in insurance. Having at-fault accidents, DUIs/DWIs, and speeding violations can cause your rates to skyrocket. Your insurer might also decide to drop you if your driving record is littered with violations.

According to The Zebra, drivers in Lincoln found guilty of driving recklessly can face rate hikes of $523 each year, a DUI citation can increase rates by $365, and a speeding ticket can cause an increase of $195 annually. If you experience a violation or accident, your annual rates might include the following:

  • DWI/DUI: $1620
  • Reckless driving: $1778
  • At-fault accident with damages less than $1000: $1613
  • At-fault accident with damages more than $2000: $1776
  • Speeding ticket going between 16-20 mph higher than the speed limit: $1450

Lincoln Auto Insurance Premiums by Credit Tier

Your credit score correlates with car insurance costs. According to The Zebra, drivers in Lincoln who improve their score from Very Poor to Exceptional can save up to 56 percent on their premiums. Depending on your credit score tier, you can expect to pay the following average annual rates:

  • Very Poor: $2352
  • Fair: $1481
  • Good: $1255
  • Very Good: $1133
  • Exceptional: $1033

Expensive Lincoln ZIP Codes

What neighborhood you call home in Lincoln can affect your auto insurance rates. Areas that experience high rates of car theft and crime are considered high risk. As a result, insurers can charge higher premiums. The Zebra states that depending on where you live in Lincoln, your premiums could increase by as much as 8 percent. Some of the city's most expensive ZIP codes include the following:

  • 68503
  • 68514
  • 68517
  • 68524
  • 68527

Cheaper Lincoln ZIP Codes

Just as Lincoln has more expensive areas to live in, it has several neighborhoods that have cheaper premiums. Some of these ZIP codes include the following:

  • 68505
  • 68506
  • 68507
  • 68512
  • 68516

List of Insurance Companies in Lincoln

When shopping for car insurance in Lincoln, make sure you get several quotes from different companies. Don't just focus on the national insurers, as local ones might offer you better rates. A few of the area's top insurance companies include GEICO, State Farm, Farmers Mutual of Nebraska, USAA, Allied, AAA, and Farm Bureau Mutual (IA Group).

No-Fault Insurance in Lincoln

Nebraska is not a no-fault state, which means that if you are the at-fault driver in an accident, you are responsible for the bills associated with the other driver. Insurance companies and the police work together to determine which driver is the at-fault party, and that person's insurance company covers the other driver's damages, up to the policy limit. Any additional costs must be paid out of pocket by the at-fault driver.

Car insurance prices in Lincoln vary based on several factors, including neighborhood, driving record, and age. Make sure you obtain quotes from several insurers to make sure you're getting the best rates possible.

Sources:

https://www.thezebra.com/auto-insurance/nebraska-car-insurance/lincoln-ne-car-insurance/

https://quotewizard.com/auto-insurance/lincoln-nebraska

https://www.caranddriver.com/car-insurance/a35434289/geico-car-insurance/

https://www.caranddriver.com/car-insurance/a35590749/factors-that-affect-car-insurance-rates/