Ways to Lower the Cost of Car Insurance in Omaha, NE

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Omaha, NE, has a population of around 400,000. The median household income is $56,780, and the per capita income is $31,798. Car owners can lower the cost of auto insurance by comparing insurance quotes from different car insurance companies. A reading of Zimlon’s analysis of factors affecting car insurance rates in Omaha can also help car owners get a clearer idea.

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Auto Insurance requirements:

$25,000 in bodily injury per person per accident.

$25,000 in property damage liability.

The average cost of auto insurance in Omaha, NE, is $1,304. This is lower than the cost of auto insurance in neighboring places such as Boys Town, Douglas, and McArdle. Below is a list of ways in which car owners can lower the cost of auto insurance in Omaha, NE.

Higher Deductible:

Paying a higher deductible on auto insurance can help in reducing its cost. For instance, the cost of auto insurance for a low deductible, say $500, is $1,489. This goes down to $1,258 when the deductible is $1,000. 

Bundling:

Bundling together car, home, and life insurance with the same insurance company can help in lowering the cost of auto insurance in Omaha. State Farm offers up to a 17% discount on multiple policies, while Progressive offers an average discount of 5%.

Discounts are also offered if one insures multiple vehicles under the same insurer. GEICO, for instance, offers multi-vehicle discounts of up to 25%. As the above infographic indicates, multi-car insurance policies can go a long way in improving savings in Omaha. The average cost of insuring two cars in Omaha is $2,295. This can help in saving up to $313. 

Electric Vehicles and Hybrid Cars:

Car insurance companies are also doing their bit to reduce carbon emissions in our country. They provide discounts to car owners who own or purchase new Electric and Hybrid vehicles. Zimlon found that Farmers and Travelers are among the few companies that offer discounts on alternative-fuel vehicles.

Driving Record:

Having a clean driving record can also go a long way in reducing the cost of auto insurance in Omaha, NE. DUIs and other violations can have a lasting impact on the cost of auto insurance. The average cost of auto insurance post-DUI increases from $1,304 to $1,918. Violations such as driving without a license and running a red light can also cause a massive increase in car insurance rates.