Cheapest Car Insurance for 17 Year Olds in Nebraska

This article would sure be shorter if we could just tell you the one company that has the rock bottom lowest rates in Nebraska. Regrettably, it’s not quite that easy, as there are a ton of unknown factors such as your driving record, your financial responsibility, and if you are requesting full coverage. This article goes into detail about these types of topics and educate you enough to have a good start in finding the cheapest insurance.

The vehicle model that is being insured is one of the largest considerations in finding cheap auto insurance for 17 year olds. Vehicles with high performance engines, poor safety features, or high incidents of liability claims will cost significantly more to insure than safer, lower-performance models.

The next table presents insurance costs for a number of the more afforable vehicles to insure.

Data rating is based on single female driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in your specific Nebraska location which can increase or decrease auto insurance rates significantly.

Based upon the rates shown, you can assume that cars like the Honda CR-V, Hyundai Elantra, and Chevrolet Traverse are most likely to be a few of the cheapest vehicles to insure for teen drivers. The cost of auto insurance will be more costly just because there is more risk for 17 year olds, but overall those particular models will probably have the best insurance prices compared to other types of vehicles.

Deciphering which company has the best auto insurance rates for 17 year olds calls for more time in order to find the lowest price quote. Every auto insurer uses a different method for filing rates in each state, so let’s examine the most budget-friendly auto insurance companies in Nebraska.

Keep in mind that Nebraska auto insurance rates are influenced by many factors that may substantially change the price you have to pay. Getting older, buying a different home, or getting a few speeding tickets may cause policy rate changes that can now make some companies much cheaper than others.

Find the Best Cheap Insurance for Teens

Compare Rates and Save

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Safeco quotes some of the most affordable car insurance rates in Nebraska at around $788 per year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska would also make the list of some of the cheaper Nebraska insurance companies.

As shown in the table above, if you currently buy coverage from Auto-Owners and switched to Safeco, you could earn savings of in the vicinity of $108. Customers with Allied may save as much as $161 a year, and Farmers Mutual of Nebraska customers might reduce prices by as much as $191 a year.

Be aware that those prices are averages for all types of drivers and the different vehicles they drive and and are not calculated with a price surcharge for 17 year olds. So the car insurance company that has the cheapest price for you may not even be featured in the rate chart shown above. That emphasizes why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

Full coverage rates compared to liability only

Finding the cheapest auto insurance for 17 year olds in Nebraska is probably important to most vehicle owners, and one of the easiest ways to find cheaper insurance is to only pay for liability coverage. The chart below compares yearly insurance costs with full coverage and liability only. The price estimates are based on no violations or claims, $100 deductibles, drivers are single, and no discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2945,911],[‘Age 30’, 1533,503],[‘Age 40’, 1521,467],[‘Age 50’, 1379,437],[‘Age 60’, 1335,431],[‘Age 70’, 1617,573]]);var options = {title: ‘Comparison of Rates for Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Nebraska’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an average, physical damage insurance costs $1,722 per year more than just buying liability insurance. That is a large expense and it proposes the question if paying for full coverage is worth it. There is no set guideline that is best for determining when to drop full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s assume your vehicle’s claim settlement value is $9,500 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $8,500 after paying your policy deductible. If it’s costing in excess of $850 annually for your policy with full coverage, then you might consider buying liability only.

There are some conditions where removing full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Company comparison: Allstate vs State Farm vs Progressive vs Geico

When comparing auto insurance for teen drivers in Nebraska, four companies to consider are Allstate, State Farm, Progressive, and Geico. When combined, they make up over 45% of the entire U.S. market share. The next table compares price and claims rank as well as some different options offered by each company.