Cheapest and Best Car Insurance Companies in Lincoln, NE


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ByMark Fitzpatrick
Edited byMargarita Barresi
ByMark Fitzpatrick
Edited byMargarita Barresi

Updated: May 20, 2024

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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.

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2024

Cheapest and Best Car Insurance in Lincoln, NE

Why Trust MoneyGeek? Our analysis of car insurance in Lincoln is based on data and information obtained from the Nebraska Department of Insurance and Quadrant Information Services.

20,871Quotes Analyzed
 
13Companies Compared

Cheapest Minimum Liability Car Insurance in Lincoln

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
American National P&CAnnual Premium$153Monthly Premium$13
Auto-Owners Insurance CoAnnual Premium$252Monthly Premium$21
Farmers Mutual of NebraskaAnnual Premium$305Monthly Premium$25
GEICOAnnual Premium$313Monthly Premium$26
ProgressiveAnnual Premium$358Monthly Premium$30
Iowa Farm BureauAnnual Premium$418Monthly Premium$35
AAAAnnual Premium$436Monthly Premium$36
IMT Insurance CompanyAnnual Premium$439Monthly Premium$37

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.

Cheapest Full Coverage Car Insurance in Lincoln

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
American National P&CAnnual Premium$373Monthly Premium$31
Auto-Owners Insurance CoAnnual Premium$653Monthly Premium$54
GEICOAnnual Premium$730Monthly Premium$61
Farmers Mutual of NebraskaAnnual Premium$831Monthly Premium$69
IMT Insurance CompanyAnnual Premium$877Monthly Premium$73
AllstateAnnual Premium$986Monthly Premium$82
Iowa Farm BureauAnnual Premium$1,000Monthly Premium$83
AAAAnnual Premium$1,032Monthly Premium$86

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.

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Cheapest Car Insurance in Lincoln After a Driving Offense

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
American National P&CAnnual Premium$432Monthly Premium$36
GEICOAnnual Premium$730Monthly Premium$61
Auto-Owners Insurance CoAnnual Premium$844Monthly Premium$70
Farmers Mutual of NebraskaAnnual Premium$911Monthly Premium$76
IMT Insurance CompanyAnnual Premium$1,015Monthly Premium$85
AllstateAnnual Premium$1,073Monthly Premium$89
Iowa Farm BureauAnnual Premium$1,254Monthly Premium$105
FarmersAnnual Premium$1,370Monthly Premium$114

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.

Cheapest Car Insurance in Lincoln for Teens and Their Families

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.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
AllstateFamily Plan Annual Premium$1,911Individual Plan Monthly Premium$8,962
GEICOFamily Plan Annual Premium$2,062Individual Plan Monthly Premium$6,296
ProgressiveFamily Plan Annual Premium$2,077Individual Plan Monthly Premium$10,840
Auto-Owners Insurance CoFamily Plan Annual Premium$2,155Individual Plan Monthly Premium$5,563
FarmersFamily Plan Annual Premium$2,533Individual Plan Monthly Premium$12,323
State FarmFamily Plan Annual Premium$2,998Individual Plan Monthly Premium$12,694

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.

Cheapest Car Insurance in Lincoln for Military Drivers

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
American National P&CAnnual Premium$373Monthly Premium$31
Auto-Owners Insurance CoAnnual Premium$653Monthly Premium$54
USAAAnnual Premium$693Monthly Premium$58
GEICOAnnual Premium$730Monthly Premium$61
Farmers Mutual of NebraskaAnnual Premium$831Monthly Premium$69
IMT Insurance CompanyAnnual Premium$877Monthly Premium$73
AllstateAnnual Premium$986Monthly Premium$82
Iowa Farm BureauAnnual Premium$1,000Monthly Premium$83

How to Compare Cheap Lincoln Car Insurance Quotes Online

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.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 13, 2024

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Best Car Insurance in Lincoln: Summary

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.

Best Overall Car Insurance in Lincoln

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.

How was this MoneyGeek score calculated?

American National Insurance Company

pros

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Offers the cheapest rates among 12 insurers in the city

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Excellent customer satisfaction and coverage ratings

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Provides gap insurance and spare parts coverage

cons

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Claims management can be improved

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Doesn’t offer accident forgiveness

COMPANY HIGHLIGHTS

American National P&C is the best auto insurance provider in Lincoln. It offers the most affordable premiums among 12 insurers in the city and has a solid track record of providing Lincoln drivers with excellent customer service. The insurer also offers customers several standard and unique coverage options.

American National P&C offers spare parts coverage, which few insurers offer. The insurer will compensate you up to $1,000 to replace any auto spare parts damaged in a covered loss.

American National P&C also offers gap insurance, which can bridge the gap between the amount you owe on a loan or lease and the value of your vehicle if your car is totaled. However, the insurer does not offer some standard coverage options, such as accident forgiveness, better car replacement and new car replacement.

Best Car Insurance in Lincoln for Customer Service

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.

How was this MoneyGeek score calculated?

Shelter

pros

checkmark

Excellent customer satisfaction and coverage options ratings

checkmark

Offers gap insurance and new car replacement

cons

close

Expensive compared to competitors

close

Doesn’t offer accident forgiveness

COMPANY HIGHLIGHTS

Shelter boasts exceptional customer satisfaction and coverage options scores. However, the insurer's affordability and claims experience scores are below average.

Shelter’s full coverage policies include a new car replacement rider at no extra cost. Policyholders with cars less than a year old and less than 15,000 miles who total their vehicle receive a brand-new car of the same year, make and model. Shelter also offers 24/7 roadside assistance at no extra cost. The insurer pays up to $100 per incident if you have a flat tire, dead battery, lock yourself out or experience a mechanical car breakdown.

If you're involved in an accident, and your collision coverage payment does not cover the amount you still owe on your vehicle, Shelter's gap insurance can help pay the difference. The company also provides rental reimbursement coverage while your car is being repaired following an accident.

Read MoneyGeek's Shelter Auto Insurance Review

Best Cheap Car Insurance in Lincoln

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.

How was this MoneyGeek score calculated?

American National Insurance Company

pros

checkmark

An affordable minimum coverage policy costs $153 per year

checkmark

Offers discounts for early signing, bunding and insuring multiple cars

checkmark

Excellent customer satisfaction and coverage options scores

cons

close

Average claims management score

close

No defensive driving, airbags or anti-theft discounts

COMPANY HIGHLIGHTS

American National P&C has the cheapest auto insurance in Lincoln, surpassing 11 competitors. It excelled in terms of affordability, customer satisfaction and coverage options. This insurer only offers three discount options, but they still help reduce your premiums.

American National P&C’s early signing discount is offered to those who apply for a new policy before their existing policy expires. When you insure your car, home and life with this insurer, you can also benefit from discounts on eligible home and auto premiums.

Insuring numerous vehicles with American National P&C qualifies you for a multiple-car discount. However, this insurer does not offer special discounts, such as defensive driving, legacy, airbags, new customer or volunteer discounts, which other insurers frequently provide.

Average Cost of Car Insurance in Lincoln

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.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.