Car Insurance : Nebraska

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Nebraska QuarterNebraska Auto Insurance Requirements

Nebraska has very tough auto insurance laws for both private and commercial vehicle owners. Minimum auto insurance coverage requirements in Nebraska are mandated by state law and the Nebraska Department of Motor Vehicles. The following minimum coverage is required on every registered vehicle, except as noted below:

Nebraska Auto Insurance Requirements(Source: Nebraska Department of Motor Vehicles)

Driving without the mandatory liability insurance in Nebraska can result in a fine of up to $500, loss of driving privileges, and registration suspension. Subsequent offenses are subject to higher fines, reinstatement fees, and jail time.

The Nebraska Automobile Insurance Plan is available to drivers who are unable to obtain required coverage through the voluntary market. More information is available on the AIPSO website.

Alternatively, drivers not wishing to carry basic liability insurance in Nebraska may deposit cash or securities in the amount of $75,000 with the state treasurer, or obtain a surety bond, and provide receipt of same to the Department of Motor Vehicles, who will issue a sealed certificate of financial responsibility in lieu of an insurance card.

Factors Influencing Car Insurance Premiums in Nebraska

Getting a quote for cheap car insurance in Nebraska requires some research and rate comparisons between different insurance companies, even though Nebraska ranks below national averages for car insurance costs. Some factors that impact insurance rates in Nebraska include:

– Nebraska is not a “no-fault” state, and does not require PIP insurance
– Vehicle repair costs are generally less expensive in Nebraska than elsewhere
– Overall accident fatality rates are near national averages
– A percentage of uninsured drivers much lower than national averages
– Auto insurance fraud
– Vehicle theft rates near national averages

The average auto insurance premium for residents in Nebraska is $1,470 in 2011; the national average is $1,790.

Tips for Obtaining Cheap Car Insurance in Nebraska

– If you’re over 55, take a state-approved defensive driving course for a policy discount
– Several insurance companies offer “pay as you drive” car insurance for low mileage drivers in Nebraska
– Maintain a good driving record
– Bind multiple policies (homeowners, life, auto) with the same provider
– Maintain a good credit score
– Create a personal “emergency fund” of up to $1500 and increase deductibles accordingly
– Discuss affinity discounts with your insurance provider
– Drop comprehensive and collision insurance on older vehicles

Nebraska Statistics

Auto Theft: Nebraska has a relatively high vehicle theft rate, but it has been decreasing (as is the case in most states) fairly consistently over the past 10 years. This can be attributed primarily to anti-theft devices being standard on recent model cars, as well as public awareness of the issue:

Nebraska Auto Theft Statistics(Source: Auto Thiefs)

Automobile Accidents: The total vehicle miles traveled in Nebraska has remained almost constant in recent years, as have vehicle accident fatality. Nebraska is on par with the national average in numbers of deaths in car crashes.

Nebraska Auto Accident Fatality Statistics(Source: National Highway Traffic Safety Administration)

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