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.
bestauto insuranceOmaha2021The Cheapest and Best Car Insurance in Omaha
Cheapest Overall - GEICO
Best Overall - Auto-Owners Insurance Co
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - State Farm
The Cheapest Car Insurance Companies in Omaha
If you intend to purchase a full coverage policy in Omaha, the cheapest providers are:
- USAA: $686 per year (limited to current and former military members)
- GEICO: $777 per year
MoneyGeek carried out this study using a sample 40-year-old male driver with a full coverage policy. This policy provides liability insurance, along with comprehensive and collision insurance that covers damages to your own vehicle.
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- CompanyAmountper year
- 1.$686
- 2.$777
- 3.Farmers Mutual of Nebraska$785
- 4.$838
- 5.Allied$869
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.
The Best Car Insurance Companies in Omaha
MoneyGeek calculated individual scores for each insurance provider based on several factors, including J.D. Power’s affordability, customer satisfaction and financial stability scores.
If you want to purchase affordable car insurance coverage that’s merged with top-quality service, you can use MoneyGeek’s scoring system that ranks the best carriers.
According to our research, the best providers in the city for most drivers are:
- Auto-Owners: MoneyGeek score of 98 out of 100
- GEICO: MoneyGeek score of 93 out of 100
USAA received the highest score in Omaha by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
1
USAA
Score:100
2
Auto-Owners Insurance Co
Score:98
3
GEICO
Score:93
4
Allstate
Score:85
5
Travelers
Score:85
6
Progressive
Score:85
7
Auto Club of Southern California Insurance Group
Score:83
8
State Farm
Score:80
9
American Family
Score:78
10
Safeco
Score:78
11
Liberty Mutual
Score:78
12
Farm Bureau Ins of MI
Score:75
13
Farmers
Score:75
14
Nationwide
Score:75
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.
Shopping around for car insurance in Omaha could save you $223, which is enough to buy:
74Cups of Coffee
17Months of Your Favorite Streaming Service
Cheapest Car Insurance in Omaha by Coverage Amount
In Omaha and elsewhere, car insurance costs depend on the amount of coverage you buy. For instance, if you buy a minimum liability policy, you will pay an average of $510 per year. However, if you choose a full coverage policy that offers you higher limits, you will pay around $999 per year for a difference of $489.
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.
When choosing car insurance in Omaha, it is important for you to consider your personal circumstances and the risks related to you as a driver. Ask yourself if minimum liability coverage will be sufficient for your needs.
You can also purchase 50/100/50 liability-only coverage or full coverage. With limited-only coverage, you can get $50,000 for individual injuries, $100,000 for an accident and $50,000 for property damage coverages. If you want more comprehensive protection, you can purchase a 100/300/100 full-coverage plan.
Weighing your options and comparing the difference in the costs of plan types can help you decide. For example, a state minimum liability from Farmers Mutual of Nebraska costs $319. A 50/100/50 liability-only plan is $346. You will have to pay more than twice as much ($762) to get a 50/100/50 full coverage from the same provider. Meanwhile, the 100/300/100 full coverage from Farmers Mutual Nebraska is $785.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$312$351
- 2.Farmers Mutual of Nebraska$319$346
- 3.$338$374
- 4.$411$469
- 5.Allied$447$472
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$639$686
- 2.Farmers Mutual of Nebraska$762$785
- 3.$735$777
- 4.$769$838
- 5.Allied$819$869
Cheapest Car Insurance in Omaha if You Have Driving Violations
Having a clean driving history can also help you get cheaper premiums. Generally, people with moving violations will face higher rates than people who have no violations. For instance, a State Farm policyholder in Omaha with a DUI will have to pay $913, while a person with no violations who uses State Farm may only have to pay $838. If a State Farm driver gets into an accident that they caused, their premium may rise to $989.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$913$989$913
- 2.$844$1,015$1,369
- 3.Farmers Mutual of Nebraska$861$956$1,565
- 4.$909$1,369$1,181
- 5.$1,108$1,198$1,322
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
Insurance Providers That Serve Omaha
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.
Methodology and Assumptions
MoneyGeek’s average premium rates for Omaha are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
About the Author
sources
- Nebraska Department of Insurance. "Auto Liability Insurance." Accessed June 18, 2020.