How Much is Car Insurance for Drivers Over Age 70 in Nebraska?

The model of vehicle you are buying coverage for is one of the biggest factors when quoting affordable car insurance for drivers over age 70. Vehicles with limited speed and performance, an excellent safety record, or a track record of few liability claims will cost substantially less to insure than higher performance models.

The next tables shows car insurance costs for a number of the cheaper vehicles to insure.

Prices based on single female driver age 70, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rates do not factor in your specific Nebraska location which can influence rates greatly.

Data rating is based on single female driver age 70, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Table data does not factor in your specific Nebraska location which can decrease or increase auto insurance rates noticeably.

Data variables include single female driver age 70, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Table data does not factor in specific garaging location which can increase or decrease insurance rates greatly.

When shopping for the cheapest auto insurance for older drivers, one of the many criteria that is used by auto insurance companies to calculate car insurance rates is where you call home. Urban areas that are densely populated like Scottsbluff, McCook, and South Sioux City tend to have higher rates, whereas areas that tend to be more rural have the benefit of cheap auto insurance for drivers over age 70 in Nebraska.

The next table rates the priciest cities in Nebraska for drivers over age 70 in which to purchase auto insurance.

Table data uses approximated as the specific Nebraska residence address can modify premium rates substantially.

Full coverage or liability only

Finding cheap auto insurance for drivers over age 70 in Nebraska is probably important to most people, and a good way to pay less for insurance is to not pay for full coverage. The information below illustrates the difference between car insurance costs with liability coverage only compared to full coverage. The price estimates are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are factored in.

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If all age groups are averaged, comp and collision coverage costs $1,551 per year more than just insuring for liability. At some point, almost every driver questions if paying for full coverage is worth it. There isn’t a written rule of when to exclude physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% 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 settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after paying your policy deductible. If it’s costing you more than $800 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.