Average car insurance cost in Kearney, NE

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Based on an analysis by Insure.com, the typical car insurance expense in Kearney, Nebraska is $1,799 annually. Furthermore, car insurance premiums in Kearney are $103 less than compared to the state average in Nebraska and $96 less than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Kearney, the average car insurance rates by age and gender, and the costs in Kearney based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Kearney. Keep reading to learn more.

Cheap car insurance companies in Kearney

Auto-Owners provides the best value for car insurance in Kearney with coverage limits of 100/300/100, costing $1,060 annually.

A close second is Nationwide, which offers car insurance at $1,140 per year.

Read about the best car insurance companies.

Average car insurance cost in Kearney by coverage limits

In Kearney, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $323 per year (limits are 25/50/25)
• Liability only coverage: $363 per year (limits are 50/100/50)
• Full coverage: $1,799 per year (limits are 100/300/100)
• Non-owners coverage: $178 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Kearney

The average car insurance rate for a female driver in Kearney, Nebraska, is $1,784 per year.

While the rate for a male driver is $1,814 per year, which is $30 more than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Kearney

In Kearney, teenagers have the highest car insurance rates, at $5,339 per year or $445 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,814 annually for car insurance, which is $2,525 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Kearney have car insurance rates of $1,796 and $1,649 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Kearney

Examining car insurance rate trends in Kearney, Nebraska, we observe a downward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced decrease overall, with an increase of 7% or $142.

The table below shows the trend for last four years:

Conclusion

In conclusion, Kearney’s car insurance rates are lower than the average insurance rates in Nebraska. Drivers in Kearney can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.