Cheapest car insurance companies in Lincoln
After an in-depth analysis, Insurance.com found that Auto-Owners and Nationwide are the cheapest car insurance companies in Lincoln for 2023.
Auto-Owners offers the cheapest car insurance premium for Lincoln drivers at an annual rate of $1,164 a year, on average.
When it comes to car insurance costs in Lincoln, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy.
| Companies | Average 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
Auto-Owners offers the cheapest full coverage car insurance for teenage drivers in Lincoln, with an average annual cost of $3,535 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
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.
USAA provides the cheapest car insurance coverage for young drivers in Lincoln, with an annual premium of $1,895 on average.
You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Lincoln is USAA. Its average rate for a full coverage car insurance policy is $1,159 per year.
Lincoln senior drivers seeking affordable car insurance should look no further than Nationwide. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,065. It makes Nationwide a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| 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
When determining car insurance rates in Lincoln, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
Finding the cheapest car insurance in Lincoln requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
Here are some of the cheapest car insurance companies in Lincoln based on driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: Geico
- Cheapest for accident: Nationwide
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
Nationwide has the cheapest rates for Lincoln drivers with poor credit looking for affordable auto insurance. At an annual cost of $1,303, Nationwide offers substantial savings among the insurers analyzed.
Drivers with poor or bad credit scores in Lincoln can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,303 |
| Geico | $1,469 |
| USAA | $1,816 |
| Allstate | $2,269 |
| Farmers | $2,794 |
| Progressive | $3,982 |
| State Farm | $7,072 |
Cheapest for drivers with a speeding ticket: Geico
Based on recent data analysis, 30-year-old drivers in Lincoln with speeding tickets on their driving record can get the cheapest car insurance rates from Geico at an annual cost of $1,080.
Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.
| Company | Average annual premium |
|---|---|
| Geico | $1,080 |
| Nationwide | $1,213 |
| USAA | $1,374 |
| Allstate | $1,672 |
| State Farm | $1,750 |
| Progressive | $2,462 |
| Farmers | $2,492 |
Cheapest auto insurance after an at-fault accident: Nationwide
If you've had an accident, Nationwide might be your best bet for affordable auto insurance.
For Lincoln drivers with an at-fault accident, Nationwide offers the cheapest average annual rate at $1,724. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,724 |
| USAA | $1,865 |
| State Farm | $1,880 |
| Geico | $2,238 |
| Allstate | $2,303 |
| Farmers | $2,913 |
| Progressive | $3,223 |
Cheapest auto insurance after a DUI: State Farm
Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Lincoln. On average, its annual full coverage rate is $1,750, making it a significantly cheaper option than other insurance providers.
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.
| Company | Average 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
Full coverage car insurance in Lincoln for a coverage limit of 100/300/100 is $1,668 per year or $139 per month, while the state minimum coverage costs an average of $416 a year.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | State 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.
