Compare the Cheapest Car Insurance Quotes in Lincoln, NE

Car insurance in Lincoln costs an average of $822 per year, which is lower than the state average. The cheapest insurer for the average driver is GEICO, but MoneyGeek also compared the cheapest providers based on different driver profiles and coverage levels. For drivers looking for a balance between affordability and quality, MoneyGeek ranked the best insurance providers in Lincoln.

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Last Updated: 11/17/2022
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In Lincoln, GEICO offers the most affordable car insurance, on average, for state minimum and full-coverage car insurance policies. Premiums vary based on driving history. Drivers with a speeding ticket on their record in the city can look to State Farm for the cheapest rates, on average.

Overall, MoneyGeek’s top pick based on this study is Auto Owners Insurance Company, which delivers the best affordability and user satisfaction.

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The Cheapest and Best Car Insurance in Lincoln

The Cheapest Car Insurance Companies in Lincoln

Full-coverage car insurance offers more protection than liability-only coverage, carrying higher costs as a result. On average, the cheapest providers for full-coverage car insurance in Lincoln, per MoneyGeek’s analysis, are:

  • GEICO: $599 per year
  • State Farm: $688 per year

USAA is the second-cheapest provider in the city, on average, but its policies only apply to military members and their families. The average annual cost of a USAA policy is $653.

On average, the most affordable insurer in Lincoln for the full coverage policy is GEICO, while the most expensive is MetLife, at $1,254. That makes for a difference of $655. You may pay less or more than these rates depending on your individual profile.

Cheapest Car Insurance in Lincoln
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    GEICO
    $599
  • 2.
    USAA
    $653
  • 3.
    State Farm
    $688
  • 4.
    Farmers Mutual of Nebraska
    $715
  • 5.
    Allied
    $735
  • 6.
    AAA
    $758
  • 7.
    Farm Bureau Mutual (IA Group)
    $788
  • 8.
    American Family
    $797
  • 9.
    Allstate
    $838
  • 10.
    Progressive
    $877
  • 11.
    Farmers
    $997
  • 12.
    MetLife
    $1,254

Full-coverage car insurance differs from liability-only coverage because it includes the following two extra coverage types:

  • Collision Insurance: This coverage protects drivers against personal injury and property damage costs after colliding with a car or stationary object.
  • Comprehensive Insurance: This insurance covers the costs associated with non-collision damages to your car.

In this research, MoneyGeek used a sample 40-year-old male driver seeking full coverage to compare rates among different insurers. Our methodology page outlines the limits of a sample policy.

If you have an older vehicle, it may make more sense to opt for liability-only insurance. Buying full coverage car insurance, in this case, may be more costly than the worth of your car.

Compare Car Insurance Rates in Lincoln

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Cheapest Car Insurance in Lincoln for Minimum Coverage

State minimum car insurance policies are the most affordable in Lincoln. However, it has the lowest coverage limits and you may need to buy additional coverage to protect yourself in the case of an accident.

According to the MoneyGeek research, the cheapest insurers in the city for a minimum car insurance coverage are, on average:

  • GEICO: $265 per year
  • Farmers Mutual of Nebraska: $293 per year

USAA also provides cheap minimum car insurance coverage in the city, but its policies are only available to active or retired military persons. Metlife charges the highest rates for the state minimum policy, at an average of $699 per year — $434 higher than the most affordable insurance policy in the city.

Car insurance rates vary with coverage amount. Use the table below to compare rates for different levels of coverage.

Cheapest Minimum Liability Car Insurance in Lincoln
State Minimum

If you're aiming to purchase the cheapest coverage in Lincoln, you need to ensure that it meets state minimum requirements. This insurance provides the least protection, but the state requires that it has at least $25,000 in bodily injury liability coverage per person, up to $50,000 per accident and $25,000 property damage coverage.

This coverage should also include uninsured motorist coverage of $25,000 for bodily injury and $50,000 per accident.

If you become involved in an accident and the costs of damage and bodily injury exceed the above limits, you will need to pay the extra amount out of pocket. For instance, if the other driver suffers $30,000 dollars in medical injuries, you will need to pay $5,000 out of pocket.

Nebraska Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
  • Uninsured Motorist
    $25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.

Cheapest Car Insurance in Lincoln if You Have Driving Violations

Your driving record determines how much you pay for car insurance in Lincoln. Severe violations, including speeding tickets, at-fault accidents and DUIs can cause your premiums to spike considerably. Fortunately, drivers can get lower rates by improving their driving records over time.

On average, the cheapest car insurance providers in Lincoln for drivers with the following traffic violations are:

  • Cheapest After a Ticket: State Farm, $747 per year
  • Cheapest After an At-Fault Accident: State Farm, $807 per year
  • Cheapest After a DUI: State Farm, $747 per year

While car insurance costs more when you have a traffic violation on your record, you can still get the most affordable coverage in the city by shopping around to compare quotes.

Cheapest Car Insurance in Lincoln With a Violation
Speeding Ticket

Average Cost of Car Insurance in Lincoln

Lincoln$822
Nebraska$923
U.S.$1,424

Knowing the typical car insurance rates in Lincoln will help you find the right provider and policy. The average cost of auto insurance in the city is $822, which is lower than both the state and national averages. Lincoln drivers pay about 10.9% less than the state average and around 42.3% less than the $1,424 average national annual premium.

Personalized Quotes to Get You the Cheapest Car Insurance in Lincoln

To determine the cost of annual premiums, car insurance companies in Lincoln evaluate a variety of factors. These include age, the make and model of the vehicle, driving history, gender, marital status and credit score, among others. Any change in your circumstances will have an impact on your auto insurance rate.

For example, teen drivers may pay higher premiums. Farmers Mutual of Nebraska has an average annual premium of $1,737 for an 18-year-old male driver, which is $1,022 more than the amount that a 40-year-old male will pay, on average, for a similar policy. To get the most accurate rate, compare personalized quotes from different car insurance companies in Lincoln.

Compare Car Insurance Rates in Lincoln

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in Lincoln

MoneyGeek identified the best car insurance companies in Lincoln based on average rates, customer satisfaction, stability and claims ratings. We found that the following companies offer the best car insurance in the city:

  • State Farm: MoneyGeek score of 90.4 out of 100
  • GEICO: MoneyGeek score of 89.8 out of 100

Since USAA is only offered to military members and relatives, MoneyGeek excluded it from this analysis. However, USAA earned a MoneyGeek score of 93.4 out of 100, making it the best car insurance company in Lincoln for military families.


1
State Farm
Score:90

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

Geek Quick Take
Geek Quick Take

State Farm scored high for affordability, stability, claims ratings and customer satisfaction. The average cost of a policy for a 40-year-old driver in Lincoln is $688 per year. Policyholders can supplement their standard policy with rideshare insurance, a coverage rarely offered by other insurers.

More About State Farm

Rideshare insurance ensures that drivers working for a ridesharing company, such as Uber or Lyft, have adequate coverage. With this add-on, all the coverages included in your personal auto insurance policy, except for liability insurance, remain in effect after you’ve matched with and are transporting a rider. For added protection, State Farm policyholders can also add roadside assistance and rental car and/or travel reimbursement coverage.

Read MoneyGeek's State Farm auto Insurance Review
2
GEICO
Score:90

5/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

Geek Quick Take
Geek Quick Take

GEICO was ranked as the second-best car insurance provider in Lincoln based on high scores for financial stability, customer satisfaction and claims. The average cost of full coverage policy for a 40-year-old driver is $599 per year. Policyholders can supplement their standard coverage with one rarely offered coverage, mechanical breakdown insurance (MBI).

More About GEICO

GEICO’s MBI provides better coverage at a more affordable rate than the standard dealer extended warranty. This add-on includes all parts and systems, not just a detailed list of items that most dealer warranties cover. MIB is available for new or leased cars less than 15 months old with less than 15,000 miles.

Read MoneyGeek's GEICO auto Insurance Review

Average Cost of Car Insurance by Postal Code

ZIP codes also have an impact on auto insurance rates due to differences in the number of accidents, car thefts and drivers. However, this is essentially a non-issue in Lincoln. The region with the most affordable premium in Lincoln is 68516, where drivers pay an average of $814 annually. That is $25 less than the average annual premium in 68521, which is the most expensive neighborhood for auto coverage.

  • Zip Code
    State Minimumper year
  • 68516
    $814
  • 68506
    $815
  • 68521
    $838

Factors That Impact Insurance Costs in Lincoln

In addition to individual driver needs and history, location-specific factors like the rate of car thefts and the percentage of uninsured motorists also contribute to car insurance rates in Lincoln. How Lincoln ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities253rd/300
handcuffs2 icon
Most Car Thefts37th/300
uninsured icon
Most Uninsured Motorists by State46th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall184th/300
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Most Rainy Days162nd/300

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.