bestauto insuranceOmahaCompare the Cheapest Car Insurance Quotes in Omaha, NE
In Omaha, the average annual cost of car insurance is $999, which is $76 higher than the state average. The cheapest widely available insurer is GEICO, at an average cost of $777 per year. MoneyGeek rated the cheapest insurers across various coverage levels and driver profiles to ensure that you find a rate that suits your needs for quality service and affordable coverage.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 1/6/2023
Edited By |
Morgan Hull
Written By |
Mark Fitzpatrick
In Omaha, GEICO offers the cheapest full coverage car insurance on average, while Farmers Mutual of Nebraska offers the cheapest minimum coverage. However, rates can vary by driver profile and coverage level. GEICO also offers the lowest rates in Omaha on average for drivers with tickets. According to MoneyGeek, Auto-Owners is the best company that balances affordability with quality service.
bestauto insuranceOmahaThe Cheapest and Best Car Insurance in Omaha
Cheapest Overall - GEICO
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - State Farm
Best Overall - Auto-Owners Insurance
Methodology
Surveys from J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC) were used in MoneyGeek’s analysis of the best auto insurance companies in Omaha.
The Cheapest Car Insurance Companies in Omaha
If you want to purchase a full coverage policy in Omaha, the cheapest providers are, on average:
- GEICO: $777 per year
- Farmers Mutual of Nebraska: $785 per year
Military families are eligible to buy insurance from USAA, which has an average cost of $686 per year.
MetLife is the most expensive company on average, offering policies in Omaha with an annual rate of $1658. Full coverage includes comprehensive and collision insurance. However, since these are estimates, your rates could go up or down depending on your coverage limits and driving record.
Cheapest Car Insurance in Omaha
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$686
- 2.$777
- 3.Farmers Mutual of Nebraska$785
- 4.$838
- 5.Allied$869
As stated in MoneyGeek’s methodology, these averages are based on a 40-year old safe driver getting a full coverage auto insurance policy in Omaha.
Full coverage car insurance is a bit more expensive than the state minimum since it has more coverage aside from the state-mandated liability insurance, including:
- Collision Insurance: A collision, either with a stationary object or another vehicle, will be covered with this type of coverage.
- Comprehensive Insurance: Non-collision damages, including theft, vandalism and natural disasters, are included under this coverage.
If you have an older car, the state minimum coverage is recommended as you’ll be paying the minimum for basic coverage. It doesn’t make sense to get a full coverage policy which can be more expensive than your car’s value.
Compare Car Insurance Rates in Omaha
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Omaha for Minimum Coverage
If you want to get the cheapest insurance option in Omaha, you may want to consider getting minimum insurance coverage.
On average, the Omaha insurance providers with the cheapest available rates for minimum coverage are:
- Farmers Mutual of Nebraska: $319 per year
- GEICO: $338 per year
USAA has an even cheaper rate than the two companies, with an average cost of $312 per year. However, only military families are eligible to buy these policies.
MetLife offers the most expensive rates, with an annual premium of $959 on average. Minimum coverage is the cheapest coverage option, but it comes with risk since the coverage is limited. You can increase the limits of the liability coverage, though it will have added costs.
Cheapest Minimum Liability Car Insurance in Omaha
State Minimum
- CompanyState Minimumper year
- 1.$312
- 2.Farmers Mutual of Nebraska$319
- 3.$338
- 4.$411
- 5.Farm Bureau Mutual (IA Group)$428
A state minimum coverage policy is the cheapest option you can buy in Omaha. While you can save on your premiums, a state minimum policy offers the least protection and only covers up to a certain amount. For example, if you are in an accident where you are at fault and there is $35,000 in damage but your limit is $25,000, you’ll pay the remaining $10,000 out of your own pocket.
Nebraska Minimum Liability Requirements
- ItemDescription
- 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 Omaha if You Have Driving Violations
Generally, driving violations can increase your rates significantly. If you have a bad driving record, one way to save on premiums is to look for companies that have the cheapest rates for drivers with your profile.
On average, here are the cheapest insurers for various driving violations:
- Cheapest after a ticket: GEICO, $777 per year
- Cheapest after an at-fault accident: Farmers Mutual of Nebraska, $956 per year
- Cheapest after a DUI: State Farm, $913 per year
Driving records can be improved over time, helping to lower your rates. However, if you have a recent violation on your record, it is best to look for companies that offer the best rates even after an accident.
Cheapest Car Insurance in Omaha With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$777
- 2.$844
- 3.Farmers Mutual of Nebraska$861
- 4.$909
- 5.$913
Average Cost of Car Insurance in Omaha
Omaha$999
Nebraska$923
U.S.$1,424
Omaha has an average annual auto insurance rate of $999, which is slightly higher than the state annual premium of $923. However, the average car insurance rate in Omaha is 29.8% less than the national average annual premium of $1,424.
Personalized Quotes to Get You the Cheapest Car Insurance in Omaha
Car insurance companies in Omaha determine annual premiums based on the risks associated with drivers. To do this, they have to evaluate a variety of specific factors like the driver's age, ZIP code, driving history, credit score, gender, marital status and coverage level, among others. Generally, senior citizens in Omaha get the cheapest rates. For example, a 70-year-old male can get a policy for a $742 annual premium with Farmers Mutual of Nebraska, while they will offer a similar policy to an 18-year-old male for $1,907.
Compare Car Insurance Rates in Omaha
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Omaha
MoneyGeek studied different providers’ average car insurance rates, customer satisfaction ratings and claims experience to identify the best auto insurance companies in Omaha.
According to MoneyGeek’s analysis, Omaha's top car insurance companies are:
- State Farm: MoneyGeek Score of 89 out of 100
- GEICO: MoneyGeek Score of 87 out of 100
USAA was excluded from MoneyGeek’s ranking, as policies are only available to military members and their families. USAA, however, received an overall MoneyGeek score of 98 out of 100, making it the best insurance company for current and former members of the military.
1
State Farm
Score:89
State Farm ranks first in affordability and above average across all categories, making it the best overall auto insurance in Omaha. On average, a full coverage policy costs $838 per year, but this can change if you supplement your standard policy with add-on coverage, such as roadside assistance or rideshare insurance.
More About State Farm
Drivers in Omaha can supplement State Farm's full coverage policies with optional add-ons, which provide added protection regardless of what occurs. State Farm’s rideshare insurance coverage ensures all the coverages included in your personal auto insurance policy, except liability coverage, remain in effect while you're working for a ridesharing company.
Read MoneyGeek's State Farm auto Insurance Review2
GEICO
Score:87
In Omaha, GEICO ranks first in financial stability and above average across other categories. Its full coverage policies are affordable at an average of $777 per year, and the company offers a range of add-ons such as accident forgiveness and mechanical breakdown insurance.
More About GEICO
GEICO offers a few optional add-ons in Omaha to supplement your full coverage policy. Accident forgiveness coverage, for instance, can prevent your rate from going up after your first at-fault accident.
One common coverage offered by GEICO is roadside assistance, which can cover the cost of flat tires, tows, jump starts and locksmith services. Any driver who suffers a car breakdown will find this coverage useful.
Read MoneyGeek's GEICO auto Insurance Review3
Allstate
Score:81
4
American Family
Score:80
5
AAA
Score:77
6
Progressive
Score:70
7
Farmers Mutual of Nebraska
Score:69
8
Farmers
Score:65
9
Allied
Score:56
10
Farm Bureau Mutual (IA Group)
Score:55
11
MetLife
Score:24
Average Cost of Car Insurance by Postal Code
Your ZIP code in Omaha, Nebraska can also affect auto insurance costs. The average car insurance rate in Omaha, based on ZIP code, ranges from $898 and $1,098. The most affordable neighborhood is 68164, while drivers living in 68104 pay the highest premiums. The factors that affect these rates vary, but may include factors like the region's accident rate, theft rate and the number of drivers on the road.
- Zip CodeState Minimumper year
- 68164$898
- 68134$965
- 68107$1,036
- 68104$1,098
Factors That Impact Insurance Costs in Omaha
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Omaha. How Omaha ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
About the Author
sources
- Nebraska Department of Insurance. "Auto Liability Insurance." Accessed June 18, 2020.