Auto Insurance Requirements in Nebraska
Auto Insurance Requirements in Nebraska
Nebraska's financial responsibility law demands that all motorists in the state carry liability auto insurance of at least 25/50/25 . The law's enforcement has proven successful, as Nebraska has a low estimated uninsured motorist percentage (9.3% in 2020).
Nebraska required car insurance coverage
Nebraska required car insurance coverage | Min. Limits |
|---|---|
| $25,000 per person/$50,000 per accident | |
| $25,000 per accident | |
| $25,000 per person/$50,000 per accident |
Note that you must have your auto insurance policy in effect before you go to the Nebraska Department of Motor Vehicles (DMV) to register your car. You also must provide proof of insurance to the official, which you can do with the insurance ID card your insurer provided. Keep a copy of the ID card in your car, too, because law enforcement officers have the power to ask you to show them if you are ever pulled over.
Nebraska car insurance minimum requirements
A minimum policy in the Cornhusker State will include two coverages: bodily injury and property damage. These two types, collectively referred to as the liability portion of your auto insurance, make sure that your insurer will pay for other people's damages on your behalf if you cause an accident within the state, up to a certain amount (limit). Nebraska motorists must also carry uninsured motorist coverage. Here are your Nebraska minimum limits, as required by law:
Bodily injury (BI): $25,000/person, $50,000/accident
Requirements
- Up to $25,000 per injured person
- Up to $50,000 per accident for two or more injured people
Covers
- Your personal assets
- Legal fees in the event that the other party sues you, up to the stated limit amount
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Does not cover
- Your own medical bills
Property damage (PD): $25,000/accident
Requirements
- Up to $25,000 per accident
- No more than $50,000 for each accident
Covers
- Everything from the other driver's car
- Other property that is damaged in the accident (buildings, fences, etc.)
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Uninsured motorist bodily injury (UMBI): $25,000 per person/$50,000 per accident
Requirements
- $25,000 per person
- $50,000 per accident
Covers
- Your own medical bills
- Your car's repair expenses
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Cheapest companies in Nebraska for minimum liability
Alternative proof of financial responsibility
Nebraska's financial responsibility law makes an insurance policy a requirement for all residents who plan to drive in the state. However, it does allow several alternatives to a policy, which, if approved and certified, can be used as your proof of insurance. Here are the alternatives:
Surety bond
Surety bond: This bond is issued by a licensed surety company for payment up to $75,000. You'll file the bond with the DMV and use a copy as your proof of insurance. The main difference between a bond by a surety company and a policy by an insurer is that the surety company will ask you to pay back the money they paid in your place.
Property bond
Property bond: If two of your friends who own real estate in Nebraska agree to be your guarantors, you may file a property bond with the DMV through your county court. Your friends must understand that if you fail to pay up to $75,000 per accident for any personal injuries or property damage you cause to another party, they will become the next liable people in line. Their property must be listed as collateral in case the court does not receive a response to judgments against you in time. You can use a copy of the court-approved property bond as your proof.
Certificate of deposit: The certificate is only issuable by the Nebraska state treasurer after you deposit $75,000 in cash or securities, such as government bonds, with them. The treasurer will use your deposit toward any judgments against you for an accident you cause.
Certificate of deposit
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