Cheapest and Best Car Insurance Companies in Lincoln, NE

American National P&C offers the best and cheapest full and minimum coverage auto insurance in Lincoln. It is also the cheapest option for drivers with traffic offenses and those with a military background. Allstate provides teen drivers with the cheapest car insurance in the city, while Shelter is our pick for the best customer service. Your requirements and driver profile may determine which company is the most affordable for you.

The following companies offer the cheapest minimum coverage auto insurance in Lincoln:

• American National P&C: $153 per year
• Auto-Owners Insurance Co: $252 per year

With an average annual premium of $599, Allstate offers the most expensive minimum coverage car insurance in Lincoln. American National P&C is also the cheapest auto insurance provider in Nebraska at $138 per year as of October 2022. The company’s rate in Lincoln illustrates how location can affect the cost of insurance.

State law establishes the liability limits for minimum coverage insurance. In Nebraska, minimum coverage includes the following:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident
• $25,000 uninsured/underinsured motorist coverage per person
• $50,000 uninsured/underinsured motorist coverage per accident

In the event of an accident, liability-only insurance covers the cost of damages to third parties. The insurance policy will cover medical expenditures up to $25,000 per person, $50,000 per accident and $25,000 for personal injury protection, regardless of the number of passengers involved. You will be responsible for any expenses that exceed these limits.

The following providers offer the cheapest full coverage auto insurance to Lincoln drivers:

• American National P&C: $373 per year
• Auto-Owners Insurance Co: $653 per year

State Farm is the most expensive provider of full coverage, at $1,282 annually. American National P&C also offers the cheapest full coverage auto insurance in Nebraska as of October 2022, with an annual average cost of $405, slightly higher than Lincoln’s rate.

A full coverage policy increases the limits of liability-only insurance and adds comprehensive and collision coverage.

• Collision coverage: Helps pay for damage to your vehicle caused by a collision with another car or an object.
• Comprehensive coverage: Helps cover costs for damage to your vehicle caused by something other than an accident, such as a natural disaster or theft.

New vehicle owners generally benefit from carrying full coverage insurance. However, those with older, low-value cars may not find a full coverage policy cost-effective.

American National P&C offers Lincoln drivers with offenses the cheapest auto insurance rates:

• Speeding ticket: American National P&C ($432 per year)
• At-fault accident: American National P&C ($493 per year)
• DUI: American National P&C ($547 per year)

While Shelter offers the highest rates for drivers after a speeding ticket ($1,997) or an accident ($2,248), AAA is the most expensive company for drivers with a DUI ($4,065). Since driving offenses can impact rates, even the cheapest auto insurance policy may cost significantly more following a violation.

Expect insurance prices to increase according to the severity of the offense. In Lincoln, the average rate increase after a speeding ticket is $264. After a DUI, however, rates spike by an average of $892. However, it is possible to obtain cheap auto insurance with a bad driving record if you shop around.

The following companies offer the cheapest auto insurance in Lincoln for 16-year-old teen drivers on a family policy:

• Allstate: $1,911 per year for female and male teens
• GEICO: $2,062 per year for female teens
• Progressive: $2,290 per year for male teens

State Farm is the most expensive insurer for adding a teen to a family policy, charging $2,998 per year for a female teen and $3,826 per year for a male teen. Companies often charge male teens higher rates because they are considered high-risk drivers. The gender-based premium difference drops off in early adulthood.

Purchasing an individual policy for a teen costs significantly more than adding them to a family policy. A male teen in Lincoln pays an average of $3,008 more for an individual than for a family policy. Families can save thousands by shopping around for the cheapest auto insurance for teens.

In Lincoln, the following companies offer the cheapest car insurance for military personnel, veterans and their families:

• American National P&C: $373 per year
• Auto-Owners Insurance Co: $653 per year

With an average annual premium of $693, USAA is another excellent option for military-affiliated drivers.

The rates listed above are for full coverage policies. If you choose minimum coverage, American National P&C is also the most affordable carrier at $153 per year, followed by Auto-Owners Insurance Co at $252 per year.

Obtaining online estimates from Lincoln car insurers can take 15 minutes or longer per company and often involves providing a great deal of personal information.

MoneyGeek's insurance calculator quickly determines your insurance rates from different insurers when you input your age, driving record, car model and coverage preferences.

The best auto insurance may differ depending on how you value service quality and other factors. The best auto insurance companies in Lincoln for several categories are:

• Best overall: American National P&C (MoneyGeek score 83 out of 100)
• Best for service: Shelter (MoneyGeek score 68 out of 100)
• Best cheap: American National P&C (MoneyGeek score 83 out of 100)

A company’s MoneyGeek scores can vary based on the category. American National P&C also offers the best auto insurance in Nebraska. With a MoneyGeek score of 74 out of 100, USAA is an excellent option for those with a military background.

MoneyGeek’s research shows that the following companies provide the best auto insurance in Lincoln:

• American National P&C: MoneyGeek score 83 out of 100 ($373 per year)
• Auto-Owners Insurance Co: MoneyGeek score 72 out of 100 ($653 per year)

American National P&C earned the highest scores for affordability among the 12 companies we reviewed in Lincoln. It also has excellent customer satisfaction and coverage options scores.

We also highly recommend USAA for individuals with a military background. With average annual premiums of $693, it is the third-cheapest car insurance company in Lincoln, earning a MoneyGeek score of 74 out of 100.

The following insurers offer Lincoln drivers the best customer service, regardless of price:

• Shelter: MoneyGeek score 68 out of 100 ($1,063 per year)
• American National P&C: MoneyGeek score 67 out of 100 ($373 per year)

Customer satisfaction and coverage options are Shelter's greatest strengths. Although it provides exceptional customer service, its prices are significantly higher than most of its Lincoln competitors.

Based on our analysis of cost and customer service for policies that fulfill Nebraska's minimum coverage requirements, the following are the best cheap auto insurance companies in Lincoln:

• American National P&C: MoneyGeek score 83 out of 100 ($153 per year)
• Auto-Owners Insurance Co: MoneyGeek score 75 out of 100 ($252 per year)

While minimum coverage insurance has the cheapest rates, it offers limited coverage and does not pay for damages to your car.

The average annual premium for a full coverage policy in Lincoln is $863, while the average annual cost of auto insurance in Nebraska is $955 as of October 2022. That's a difference of $92. Lincoln's rates are $402 less expensive than the national average annual cost of auto insurance, which is $1,265 per year.

These premiums apply to full insurance policies with $100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident. Remember that location is only one of the variables that impact insurance premiums.