Average car insurance cost in Omaha, NE

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Based on an analysis by Insure.com, the typical car insurance expense in Omaha, Nebraska is $1,944 annually. Furthermore, car insurance premiums in Omaha are $42 more than compared to the state average in Nebraska and $49 more 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 Omaha, the average car insurance rates by age and gender, and the costs in Omaha 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 Omaha. Keep reading to learn more.

Cheap car insurance companies in Omaha

Auto-Owners offers the most affordable car insurance in Omaha for coverage limits of 100/300/100 at $1,329 per year.

The Nationwide comes close second offering car insurance at $1,358 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Omaha that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Omaha, Nebraska:

Read about the best car insurance companies.

Average car insurance cost in Omaha by coverage limits

The average car insurance rates in Omaha by coverage type are as follows:

• State minimum coverage: $486 per year (limits of 25/50/25)
• Liability-only coverage: $545 per year (limits of 50/100/50)
• Full coverage: $1,944 per year (limits of 100/300/100)
• Non-owners coverage: $283 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Omaha

In Omaha, Nebraska, the average annual car insurance premium for female drivers is $1,937 per year.

While the average annual cost for male drivers is $1,951 per year, which is $14 more than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. 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 Omaha

In Omaha, car insurance rates are highest for teens, averaging $6,376 per year or $531 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $3,209 annually for their car insurance, which is $3,167 less than what teens pay for their coverage.

In Omaha, adult drivers pay an average of $1,952 per year for car insurance, while senior drivers pay $1,850 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

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

Car insurance rate trends in Omaha

Examining car insurance rate trends in Omaha, Nebraska, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 1% or $23.

The table below shows the trend for last four years:

Conclusion

In conclusion, Omaha’s car insurance rates are higher than the average insurance rates in Nebraska. Drivers in Omaha 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.