Thursday, 11 February 2021 21:32

Analysis: Nebraska Drivers Pay Ninth-Lowest Auto Insurance Premiums in U.S.

Severe winter weather slows traffic in Lincoln, NE. Severe winter weather slows traffic in Lincoln, NE. Alex Erwin/Shutterstock.com

Share This:


With an average annual premium of $427, Nebraska motorists pay the ninth-lowest car insurance rates in the country.

That's according to a new analysis by Wallethub, which compared premiums across the U.S. based on certain criteria.


"WalletHub compared full coverage rates for policies that include collision and comprehensive coverage with a $500 deductible, $100,000 in bodily injury liability coverage per person (up to $300,000 per accident), $50,000 of property damage liability coverage per accident, $100,000 in uninsured motorist bodily injury coverage per person (up to $300,000 per accident), and $50,000 in uninsured motorist property damage coverage per accident," the consumer finance website said of its analysis. "We used a 45-year-old, single man with a clean driving record and good credit as the policyholder for these sample quotes."


Nebraska's average premium was $153 more a year than the state with the lowest premium, Wyoming, at $274. South Dakota and Iowa drivers fitting Wallethub's criteria pay an annual premium of $326, good for a tie for second.


At the other end of the spectrum, Michigan drivers pay the highest average premium, at $1,908 annually. New York drivers pay the second most at $1,828 annually.


Wallethub notes insurance companies use a number of factors to determine premium costs, including age of the driver, driving record, credit and the number of miles driven annually.


We thank The Center Square for reprint permission. 

Read 298 times