Who Has the Cheapest Auto Insurance Rates in Omaha, NE?
Who Has the Cheapest Auto Insurance Rates in Omaha, NE?
Find Cheap Auto Insurance Quotes in Omaha, NE
Omaha is Nebraska’s largest city, and like most populous cities, it has high car insurance costs. Dense and highly populated regions tend to have high auto insurance costs because they are seen as riskier for drivers. However, if you spend time shopping around, you can still find plenty of affordable deals.
Cheapest for minimum liability
Cheapest for full coverage
Cheapest for drivers with an accident
Best for customer service
Quotes can vary by as much as $1,500 depending on which insurance company you choose, so be prepared to research all your options and compare rates.
Which company has the cheapest rates in Omaha, Nebraska?
Omaha drivers are required to buy a policy that meets the minimum car insurance coverage required by their state. The major insurers with the cheapest rates of minimum auto insurance are Farm Bureau and State Farm Mutual.
If you are a former or current military member, you are eligible to receive auto insurance from USAA. Not only does USAA have the cheapest average auto insurance rates but they also offer large premium discounts for drivers who plan to store their cars.
Find Cheap Auto Insurance Quotes in Omaha, NE
While going with minimum coverage auto insurance may save you money in the short run, it may not offer enough coverage in the event you get into a major accident.
For example, in the event your car is damaged by a natural disaster or from a collision with anything besides another vehicle, you are not covered under the minimum required policy. If you cannot afford to risk paying high out-of-pocket costs, you should seriously consider getting additional auto insurance coverage.
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Farm Bureau | $505 |
| 2 | State Farm | $571 |
| 3 | American Family | $713 |
| 4 | Progressive | $773 |
| 5 | Nationwide | $841 |
| 6 | Allstate | $846 |
| 7 | Mid-Century | $2,080 |
| N/A* | USAA | $332 |
Who has the cheapest full coverage auto insurance in Omaha?
The cheapest full coverage insurance for the standard driver is State Farm Mutual, which has an average premium cost of $1,488. Another good choice is Farm Bureau, which has an average price of $1,664.
If you qualify, USAA is the insurer with the overall cheapest premium rates, with an annual premium of $1,025.
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,488 |
| 2 | Farm Bureau | $1,664 |
| 3 | American Family | $1,915 |
| 4 | Nationwide | $2,235 |
| 5 | Progressive | $2,436 |
| 6 | Allstate | $2,468 |
| 7 | Mid-Century | $4,565 |
| NA* | USAA | $1,025 |
Although more expensive than a minimum coverage policy, full coverage provides different additional forms of protection for drivers. Our sample full coverage auto insurance policy includes more liability insurance than the state requirements as well as collision and comprehensive coverage.
- Comprehensive insurance: Known colloquially as insurance that protects you from “acts of God,” covers you in accidents caused by factors out of your control. This includes theft, thunder storms or vandalism.
- Collision insurance: Covers you in cases where your vehicle crashes into another object.
Make sure that you assess your own financial situation, and the value of your car when deciding whether to obtain minimum coverage or full coverage.
Cheapest full coverage auto insurance for young drivers in Omaha
Age is a major determinant in how cheap or expensive your auto insurance quote will be. Young drivers are typically seen as risky and face the challenge of balancing expensive insurance prices on a small budget. However, when you search for potential discounts and research multiple insurers, you can still find inexpensive insurance premiums.
For young drivers, the average rate of the most expensive insurer can be over twice the average rate of the cheapest insurer for full coverage car insurance.
The two cheapest choices for young adults are Farm Bureau and State Farm Mutual, which have average premiums of $4,105 and $4,652 respectively. However, current or former military member should check their options with USAA, which charges an average price of $3,378.
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Farm Bureau | $4,105 |
| 2 | State Farm | $4,652 |
| 3 | American Family | $4,955 |
| 4 | Allstate | $6,013 |
| 5 | Nationwide | $8,306 |
| 6 | Progressive | $8,743 |
| 7 | Mid-Century | $9,922 |
| NA* | USAA | $3,378 |
In addition to selecting the best or cheapest insurer, here are two extra steps you can take to save money:
- Remain on your parents’ policy. Your parents will be charged more for having a combined policy or multi-car insurance policy, but this will still be cheaper than having two separate policies.
- Look for discounts. Insurers can offer discounts to drivers for completing a defensive driving course, having good credit or having a good driving record. If you’re enrolled in school, some companies may even offer you a discount for being a good student.
Cheapest car insurance in Omaha with a prior accident
Having even one accident on your record can increase your average annual premium by nearly $2,000. However, we found five of eight insurers that raised their prices by less than $1,000 on average for drivers with an accident history. American Family Mutual, State Farm and USAA were the insurers with the lowest price increases following an accident.
| Rank | Company | Car insurance quote before accident | Car insurance quote after accident | Difference |
|---|---|---|---|---|
| 1 | State Farm | $1,488 | $1,759 | $271 |
| 2 | Farm Bureau | $1,664 | $2,632 | $968 |
| 3 | American Family | $1,915 | $2,183 | $268 |
| 4 | Nationwide | $2,235 | $3,589 | $1,354 |
| 5 | Progressive | $2,436 | $3,811 | $1,376 |
| 6 | Allstate | $2,468 | $3,367 | $899 |
| 7 | Mid-Century | $4,565 | $6,438 | $1,873 |
| NA | USAA | $1,025 | $1,417 | $392 |
When you begin to contact insurance companies to receive an estimated policy value, ask them what they define as an accident.
While “accident” might seem like a cut-and-dried term, insurers don’t always define accidents the same. For instance, State Farm defines an accident as a claim “totaling $750 or more under property damage liability coverage and collision coverage combined.” GEICO, however, defines the threshold at $500 instead of $750.
Best car insurance company in Omaha for customer service
While price is a top priority for drivers looking for auto insurance, it is important to also consider the quality of customer service each insurer provides. Experiencing an accident, regardless of the extent of damage, can cause enormous amounts of stress. After an accident, it’s important to contact your insurance provider and move through the claims process as smoothly as possible.
Measured by rates of customer complaints, the companies with the best customer service are Old Republic, Farmers Mutual and Mid-Century.
| Rank | Company | Market share | Complaint Index |
|---|---|---|---|
| 1 | Old Republic | 3.20% | 0 |
| 2 | Farmers Mutual | 7.60% | 0.32 |
| 3 | Mid-Century | 2.60% | 0.46 |
| 4 | Nationwide | 5.60% | 0.48 |
| 5 | State Farm | 17.80% | 0.57 |
| 6 | GEICO | 5.10% | 0.62 |
| 7 | Farm Bureau | 5.80% | 0.66 |
| 8 | American Family | 6.80% | 0.69 |
| 8 | Allstate | 4.10% | 0.69 |
| 10 | USAA | 3.60% | 0.83 |
| 11 | Progressive | 12.60% | 0.94 |
Information from the National Association of Insurance Commissioners lists companies with the lowest complaint index scores. A high complaint index indicates that consumers are making formal complaints at a high rate. The national median complaint index is 1.0.
Average cost of auto insurance by neighborhood
When shopping around for insurance quotes, keep in mind that your location may play a role in the premium you will be expected to pay. Even residents within the same community area should not expect to pay the same amount. For instance, drivers in North Omaha looking for a minimum policy can have a $100 premium difference depending on what part of the community area they reside in.
| ZIP Code | Average annual premium |
|---|---|
| 68022 | $622 |
| 68102 | $758 |
| 68104 | $770 |
| 68105 | $710 |
| 68106 | $671 |
| 68107 | $714 |
| 68108 | $742 |
| 68110 | $787 |
| 68111 | $811 |
| 68112 | $727 |
| 68114 | $682 |
| 68116 | $641 |
| 68117 | $689 |
| 68118 | $622 |
| 68122 | $637 |
| 68124 | $648 |
| 68127 | $636 |
| 68130 | $640 |
| 68131 | $778 |
| 68132 | $769 |
| 68134 | $696 |
| 68135 | $659 |
| 68136 | $614 |
| 68137 | $630 |
| 68138 | $613 |
| 68142 | $622 |
| 68144 | $640 |
| 68152 | $712 |
| 68154 | $628 |
| 68164 | $623 |
| 68178 | $729 |
| 68182 | $733 |
| 68198 | $757 |
Minimum coverage requirement in Omaha
Each state sets a minimum liability requirement that drivers must follow when obtaining auto insurance. Nebraska’s state requirement is listed below:
| Coverage | Limits |
|---|---|
| Bodily injury liability insurance | $25,000 per person / $50,000 per accident |
| Damage liability insurance | $25,000 per accident |
| Uninsured or underinsured motorist bodily injury coverage | $25,000 per person / $50,000 per accident |
When deciding what amount of coverage to obtain, you have to take your own individual circumstances into consideration. Anything you are not covered for will need to be paid out of pocket.
Methodology
To conduct our analysis, we collected car insurance quotes for Omaha from eight auto insurance companies. Unless stated otherwise, our sample driver has the following characteristics:
- 30-year-old male
- Drives a Honda Civic EX
- Below-average credit
- Obtained minimum coverage
Cases where our sample driver obtained full coverage insurance has the following limits:
| Coverage type | Study limits |
|---|---|
| Bodily injury liability | $50,000 per person / $100,000 per accident |
| Property damage liability | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person / $100,000 per accident |
| Comprehensive and collision | $500 deductible |
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.
Alison is an SEO & Content intern at ValuePenguin, covering auto insurance. She graduated from Stony Brook University with a B.S. in Applied Mathematics and is currently pursuing an MBA in Marketing.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.