Auto Insurance in Lincoln, NE, is as High as $1,836

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The average cost of auto insurance in Lincoln, NE, is $975 and can range between $656 and $1,836. The cost depends on numerous factors ranging from the make and model of the vehicle to the age of the driver. The average cost of auto insurance in Lincoln is much lower than the cost of insurance in neighboring places such as Stockton, Yankee Hill, and Lancaster County. And, is also lower than the average cost of auto insurance in the state of Nebraska.

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Driving Record:

A poor driving record can also lead to a massive increase in the cost of auto insurance for car owners in Lincoln, NE. Post-DUI, the cost of auto insurance rises to $1,813. Other major driving violations can also cause a massive increase in rates. Driving with an expired license or running a red light can also cause a massive increase in the cost of auto insurance and can have a long-term impact on one’s cost of auto insurance.

Being a safe driver has its benefits since the amount of risk being covered by the insurer is low for drivers with fewer violations.

Demographic:

The age of the driver is another factor that affects the cost of auto insurance. Car owners who are younger end up spending more on auto insurance because of their lack of driving experience. Moreover, an increase in driving experience can reduce the cost of auto insurance. As the above infographic indicates, the cost of auto insurance for teenagers in Lincoln, NE is $2,954. Male teenagers pay $3,948 on an average, while female teenagers pay $2,388. The cost of auto insurance is the least for married women, at $819. The average cost of auto insurance for senior men is $848.

Deductibles:

The rate of the deductible is one of the most common factors affecting the cost of auto insurance in Lincoln, NE. A low deductible tends to increase the cost of auto insurance, while a high deductible leads to a decrease in the price. But, this also depends on the make and model of the vehicle. For instance, a $500 deductible for a Ford Mustang leads to more savings than a higher deductible ($1,000).