By: Ishan Mukhopadhyay Aug. 14, 2018

Raltin’s recent analysis in Omaha City, Nebraska, suggests that car insurance premium rates vary from $277 to $1,933 between the median and cheapest priced policies. The most significant difference of $1,933 is observed for 17-year-old single males. Raltin used data published by the Nebraska Department of Insurance and focused on the 2012 Toyota Camry LE with four doors. The coverage criteria for the insurance premiums are as follows: the deductible for comprehensive and collision are $250 and $100, the bodily injury per person and property damage per accident limit is $100,000 each, and the bodily injury per accident limit is $300,000.

American Family Mutual Insurance Company reports the cheapest rate for 17-year-old single males ($1028), and Progress Universal Insurance Company offers a median rate of $2,961. The driver cohort that reports the second highest savings of $1,703 between the median and cheapest premium rates is 17-year-old females.

Mid Century Insurance Company, on the other hand, offers the most expensive premium of $5,244 for 17-year-old single males. Raltin’s study shows that this population cohort is most likely to be involved in an accident. Nevertheless, buyers can save up to $2,283 by choosing a company with rates less than or equal to the median premium rate of $2,961.

United Services Automobile Association offers the cheapest premium rates for four out of six cohorts, whereas Mid Century Insurance Company reports the most expensive premium rates for three out of five cohorts.

The following graph compares the premium rates across companies in Omaha City, Nebraska.

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The following table compares the car insurance premium rates offered by key companies in Omaha, Nebraska. In addition, the table lists the names of companies in the study and the differences between the median and cheapest and most expensive rates.

CohortCheapest Car Insurance Companies in Omaha, NESecond Cheapest Car Insurance Companies in Omaha, NEMedian Car Insurance Companies in Omaha, NESecond Most Expensive Car Insurance Companies in Omaha, NEMost Expensive Car Insurance Companies in Omaha, NEDifference between Cheapest and Median PricesDifference in Price from Most Expensive to Median Prices
21-year-old single male studentsUnited Services Automobile Association ($693)American Family Mutual Insurance Co. ($840)State Farm Mutual Auto Insurance Co. ($1,626)State Farm Fire & Casualty Co. ($2,490)Shelter Mutual Insurance Co. ($2,640)$933$1,014
21-year-old single female studentsUnited Services Automobile Association ($592)American Family Mutual Insurance Co. ($790)Farm Bureau Property & Casualty Co. ($1,413)State Farm Fire & Casualty Co. ($2,060)Shelter Mutual Insurance Co. ($2,237)$821$824
65-year-old retired married malesUnited Services Automobile Association ($382)American Family Mutual Insurance Co. ($455)State Farm Mutual Auto Insurance Co. ($659)Allstate Fire & Casualty Insurance Co. ($1,408)Allstate Fire & Casualty Insurance Co. ($1,460)$277$801
17-year-old single femalesAmerican Family Mutual Insurance Co. ($947)United Services Automobile Association ($1,214)Progressive Northern Insurance Co. ($2,650)Mid Century Insurance Co. ($4,411)Mid Century Insurance Co. ($5,069)$1,703$2,419
17-year-old single malesAmerican Family Mutual Insurance Co. ($1,028)Farm Bureau Property & Casualty Co. ($1,270)Progressive Universal Insurance Co. ($2,961)Mid Century Insurance Co. ($4,580)Mid Century Insurance Co. ($5,244)$1,933$2,283
44-year-old married female employees (employed for more than 10 years)United Services Automobile Association ($374)American Family Mutual Insurance Co. ($443)Shelter Mutual Insurance Co. ($746)Mid Century Insurance Co. ($1,614)Mid Century Insurance Co. ($1,865)$372$1,119


ABOUT THE AUTHOR

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Ishan Mukhopadhyay

Ishan has over 5 years of experience as a freelance journalist and a content writer. He graduated from The English and Foreign Languages University and holds a Masters degree from the University of Hyderabad. Apart from the English language, Ishan's other passion is data driven journalism.

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