Omaha is situated close to the Iowa border and near the banks of Missouri River. It has a population of around 500,000 residents and is the largest city in Nebraska. Omaha city encourages walkers as it has a long trail system for walking, running, and cycling. The roads are designed in the grid system and have four main freeways. Omaha has a high crime rate, including theft. This makes car insurance in Omaha very expensive. Car insurance in Omaha is high as compared to other cities in Nebraska.
To drive in Omaha, Nebraska, a driver must carry a minimum amount of liability insurance. The minimum required in the state of Nebraska are:
- Liability for bodily injury – $25,000 per person
- Liability for bodily injury – $50,000 per accident
- Liability for property damage – $25,000
- Uninsured/underinsured motorist coverage – $25,000 per person
- Uninsured/underinsured motorist coverage – $50,000 per accident
Types of Coverage for Car Insurance in Omaha
The minimum liability is mandated by law, but it is advisable to insure more than the minimum amount. The minimum amount may not be sufficient to cover your expenses in case of a fatal accident. Also, besides the minimum coverage required by law, add more coverage to your auto insurance policy.
Liability coverage is mandated, and it covers for medical expenses and property damage if you’re in an accident.
Uninsured or underinsured motorist coverage is required if you get into an accident with an uninsured or underinsured motorist. Your expenses will be covered, and you will not have to worry if the other driver is uninsured or underinsured and cannot bear the cost of the accident.
The other types of coverages that can be beneficial for you are the collision coverage, comprehensive coverage, medical expense coverage, and personal injury protection. Collision coverage will look after expenses of repairing or replacing your car if your car is damaged in an accident. Comprehensive coverage covers expenses if your car is damaged due to weather, an accident with an animal, vandalism, or damage to the car besides collision damage.
Medical coverage looks after your medical costs irrespective of whoever is at fault. Personal injury protection also covers medical expenses, and additionally, it covers childcare expense and loss of wages due to the accident. These are some of the additional coverages that are recommended to be included along with your auto insurance policy. However, it is advisable to talk to your insurance provider and add the coverages accordingly. They can guide you to take the appropriate coverage you would require to avoid any duplicate coverages.
Factors that Determine the Best Car Insurance in Omaha Nebraska
Once you understand the coverages you require for your auto insurance, you should also know what factors are responsible for your insurance cost. Being a good driver with clean records will help you in getting a good insurance quote. A driver with a history of an at-fault accident, violations of laws, accidents causing damages to property, and reckless driving can lead to a pricey insurance premium.
Therefore, it is essential to maintain a good driving history to avoid a hike in your insurance premium. Similarly, a good credit score can get you a less expensive insurance premium. A bad credit score will lead to an expensive insurance premium. Insurance companies perceive that an individual with a bad score is more likely to file claims than an individual with a good credit score.
If we compare gender-wise premium costs, males pay lesser than female drivers. There are also differences in the premium amount according to your marital status. A widowed motorist pays cheaper premium amount than a divorced or single driver. However, a married driver pays lesser than a widowed driver. The premium amount that you pay is also depended on age. The premium amount for each age group is different. A teenager pays more than double the amount as compared to other age groups. However, the premium amount starts to decline from the age group of 20. As the age group goes higher until the age group of 60, we see a steady decline in the premium amount. From the age group of 70, there is a slight increase in the premium amount.
These are some of the factors that auto insurance companies consider before giving a quote. However, quote of every insurance company will differ. Hence, it is advisable to take quotes from 4-5 different companies. You can also check our list of the best car insurance companies. Also, check the NAIC ratings to check if you can trust the companies that you have shortlisted.