Nebraska Car Insurance
Car insurance in Nebraska is regulated by the Nebraska Department of Insurance. It’s the department’s responsibility to protect drivers against fraudulent companies by examining and licensing each insurance agent in the state as well as make sure the laws regarding car insurance are upheld by drivers. There are several types of insurance coverage that drivers can choose to purchase, such as collision, uninsured motorist, and comprehensive, but liability insurance is the only type of coverage that is required by Nebraska state law. Liability insurance covers repair and medical costs for the other party involved in an accident that you are at fault for. This will save you from having to pay for it out of your own pocket.
Required Coverages in Nebraska:
- Bodily Injury Liability Per Person: $25,000
- Bodily Injury Liability Per Accident: $50,000
- Property Damage Liability: $25,000
Driving without auto insurance in Nebraska is considered to be a Class II misdemeanor, resulting in the suspension of your driver’s license, vehicle registration, and license plates until proof of financial responsibility can be given, according the Nebraska Revised Statute 60-3,167. According the statute 28-631, anyone possessing a fake insurance card will be guilty of a Class I misdemeanor, resulting in a $1,000 fine and/or a one-year imprisonment.
Determining Your Rate in Nebraska
Shopping for car insurance quotes online in Nebraska will show you that prices can vary greatly between companies. These amounts are based on how much of a risk each company considers you to be, and how much they decide to charge you based on your risk level. The factors that companies use to determine your rate are your driving record, credit history, age, sex, marital status, where you live, what kind of vehicle you drive, and how you use your vehicle. For example, married, female drivers older than 25 with a clean driving record and a good credit score are considered a lower risk, resulting in lower rates.
The Insurance Information Institute reports that the average cost of liability insurance in Nebraska is $316, while the the national average is $474. However, what you actually pay may be different. The Nebraska Department of Insurance provides a rate comparison guide which shows rates from 14 of the top insurance companies in Nebraska, based on different scenarios and coverage amounts. This will give you an idea of what to expect when shopping for car insurance in Nebraska, though your rate will vary based on the determining factors listed above.