Average car insurance cost in Omaha, NE

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

The average car insurance cost in Omaha, Nebraska is $1,944 per year, according to Insure.com data analysis. Also, the car insurance rates in Omaha is $42 more than the average rates in Nebraska and $49 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Omaha, the average car insurance rates categorized by age and gender, and the cost of car insurance in Omaha based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Omaha. Read on to learn more.

Cheap car insurance companies in Omaha

Auto-Owners provides the best value for car insurance in Omaha with coverage limits of 100/300/100, costing $1,329 annually.

A close second is Nationwide, which offers car insurance at $1,358 per year.

Read about the best car insurance companies.

Average car insurance cost in Omaha by coverage limits

In Omaha, the average car insurance rates the coverage levels are as follows:

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

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Omaha

The average car insurance per year for female drivers in Omaha, Nebraska, is $1,937.

Whereas the yearly average car insurance rate for male drivers is $1,951, which is $14 more than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Omaha

In Omaha, car insurance rates are the highest for teens, at $6,376 per year or $531 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $3,209 per year for their car insurance which is $3,167 less than what the teens pay for their insurance policy.

The car insurance rates in Omaha for adult and senior drivers are $1,952 and $1,850 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 depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Omaha

Examining the trends in car insurance rates in Omaha, Nebraska, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 1% or $23.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Omaha, are higher than the average insurance cost in Nebraska. Shopping around and taking advantage of available discounts, drivers in Omaha can find affordable car insurance options. 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

 

 . .

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.