Whether they are braving rush hour traffic in Omaha or traveling across the Great Plains toward Wyoming, it is important that all Nebraska drivers maintain sufficient insurance coverage for their vehicles. CarInsuranceQuotes.com understands how costly car insurance can be and that is why CarInsuranceQuotes.com has partnered with great car insurance companies to find our customers the lowest rates on car insurance for their vehicles.
Nebraska Car Insurance Requirements
Like a majority of the states, Nebraska only requires that its motorists maintain a minimum amount of liability coverage for their vehicles. The minimum coverage all Nebraska drivers must obtain is 25/50/25 for bodily injury liability and property damage liability protection.
• Bodily injury Liability- In the event that the insured person is at-fault in an accident, bodily injury liability will pay for the medical expenses of the other driver and the passengers in their vehicle. When the minimum amount of coverage is obtained, the insurance company will pay a maximum of $25,000 for an individual person or $50,000 for multiple persons.
• Property Damage Liability- Property damage liability covers damages to a person’s vehicle, public property such as road signs or private property such as a person’s home. Under the minimum required protection, an insurance company will pay a maximum of $25,000 for needed repairs.
With the rising costs of repairs and medical treatment, the cost of damages can easily exceed the minimum liability requirements for the state of Nebraska. For this reason, it is highly recommended that all Nebraska drivers purchase liability coverage greater than the required minimums for their vehicles as well as Comprehensive and Collision coverage to help pay for damages that exceed the other driver’s liability coverage or when the insured driver is fond to be at fault or the vehicle is damaged by an act of nature or wildlife.
Because many Nebraska motorists, as well as drivers from other states, fail to maintain coverage on their vehicle that meets the minimum state requirements, the state of Nebraska strongly recommends that all motorists also purchase Uninsured/Underinsured Motorist protection for their vehicles. UM protection pays for damages when the at-fault driver fails to maintain sufficient coverage or the vehicle is damaged by a hit and run.
Nebraska is also one of the few states that offer Gap coverage to its motorists. In the event that a vehicle is totaled and the loan value is greater than the Blue Book value, Gap coverage will “fill the gap” so the insured person is not stuck owing money out of pocket.
During the years 2006 and 2007, Nebraska motorists saw the average cost of their car insurance premiums drop 7.8% from $1702 to $1579. This $123 decrease was the seventh largest in the nation. Unfortunately, not all Nebraska drivers felt the effects of this drop; depending on the individual driver’s credit history, driving record and vehicle, the actual price they pay for their car insurance premiums could be much higher or much lower than the state average. CarInsuranceQuotes.com understands how important it is for our customers to save money and that is why CarInsuranceQuotes.com searches our partner companies to find the lowest online Nebraska car insurance quotes for our customers so they can choose the car insurance policy that suits their needs the best.