Cheapest car insurance companies in Lincoln 

Auto-Owners and Nationwide offer the cheapest car insurance rates in Lincoln for 2023, according to a study by Insurance.com.

Auto-Owners is the cheapest option for most Lincoln drivers, with an average annual rate of $1,164

Car insurance prices in Lincoln can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Lincoln drivers.

CompaniesAverage annual rates
USAA$1,139
Auto-Owners$1,164
Nationwide$1,178
Geico$1,402
Shelter Insurance$1,557
Progressive$1,824
Farmers Mut Ins Co of NE$1,843
Iowa Farm Bureau$2,130
State Farm$2,182
Allstate$2,264

Cheapest car insurance cost in Lincoln by Age Group 

In Lincoln, Auto-Owners is the cheapest car insurance company for teenagers, offering full coverage policies at $3,535 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads. 

Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.

When compared to other car insurance companies, USAA turned out to be the cheapest car insurance company for young drivers in Lincoln, offering full coverage at an annual average cost of $1,895.

An analysis of car insurance rates for Lincoln drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,159 per year.

With an average annual premium of $1,065, Nationwide offers Lincoln's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel. 

CompanyTeensYoung AdultsAdultsSeniors
Auto-Owners$3,535$2,091$1,182$1,215
USAA$3,729$1,895$1,159$1,122
Farmers Mut Ins Co of NE$4,311$2,978$1,851$1,649
Nationwide$4,356$2,053$1,162$1,065
Shelter Insurance$4,926$2,947$1,596$1,447
Geico$5,134$2,226$1,406$1,635
Iowa Farm Bureau$6,079$3,170$2,041$1,829
State Farm$6,306$3,644$2,192$2,076
Allstate$7,679$3,484$2,333$2,220
Progressive$8,308$2,966$1,837$1,567

Cheapest car insurance companies in Lincoln by driver profile 

Insurers in Lincoln consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.

Comparison shopping is the key to getting the cheapest car insurance rates in Lincoln. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.

Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Lincoln drivers based on driver profile.

If you're a Lincoln driver with poor credit, Nationwide is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,303 annually

The table below shows the list of car insurance companies that offer affordable car insurance for drivers with poor or bad credit scores. 

CompanyAverage annual rates
Nationwide$1,303
Geico$1,469
USAA$1,816
Allstate$2,269
Farmers$2,794
Progressive$3,982
State Farm$7,072

Geico offers the cheapest auto insurance rates for drivers with a speeding ticket in Lincoln. It provides full coverage car insurance for drivers aged 30 at about $1,080 per year

Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.

CompanyAverage annual premium
Geico$1,080
Nationwide$1,213
USAA$1,374
Allstate$1,672
State Farm$1,750
Progressive$2,462
Farmers$2,492

According to Insurance.com's analysis, Nationwide tops the list of cheap car insurance providers in Lincoln for drivers involved in at-fault accidents, with an average annual cost of $1,724. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget. 

CompanyAverage annual rates
Nationwide$1,724
USAA$1,865
State Farm$1,880
Geico$2,238
Allstate$2,303
Farmers$2,913
Progressive$3,223

State Farm is the cheapest option for Lincoln drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,750, on average.

A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.

CompanyAverage annual rates
State Farm$1,750
Nationwide$2,238
Allstate$2,341
USAA$2,393
Progressive$2,463
Farmers$3,014
Geico$5,010

Average car insurance cost in Lincoln 

In Lincoln, the average annual cost for full coverage car insurance is around $1,668, which breaks down to approximately $139 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Lincoln is about $416.

While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.

Average annual RatesState minimum average
$1,668$416

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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