With so many choices of Nebraska car insurance companies, you might feel unprepared to choose the right company for you. When it comes to purchasing Nebraska car insurance you don't have to feel overwhelmed. Just follow these two tips to find the insurance coverage and company that is right for you and your vehicle.
Tip #1: Know Nebraska Law
Nebraska car insurance regulations are based on a tort system. This means that the person who is at fault in a car accident must pay either out of pocket or through their insurance company for the damages. This includes the damages done to the vehicle, any medical expenses the victim incurs, loss of wages, and other issues that can come up in a law suit.
Because of this, Nebraska law requires drivers to carry a certain type and amount of car insurance coverage. Liability insurance is the only coverage required by law. This will pay for any property damage or injuries you cause to another person as the result of a car accident. Nebraska liability insurance must include $25,000 in property damage coverage and $25,000 per person per accident and $50,000 per person bodily injury coverage.
Tip # 2: Know Which are the Cheapest Cars to Insure
There are many factors that go into determining what your monthly Nebraska car insurance premium will be, but car type is a major deciding factor. One way to know if your car will be cheap to insure is the purchasing price. The general rule is that if your car was inexpensive to purchase, then your insurance will be inexpensive.
The most important way to tell if a car will be cheap to insure is the simplicity of the car. insurance companies spend the majority of their money on repairs from accidents. Because of this, the cheaper a car is to repair, the cheaper it will be to insure. If a vehicle has a complicated engine or electronics, it will cost more to insure. Though having a fancy car or sporty car may be appealing, be ready to pay more for insurance.
Another factor in determining how cheap a car is to insure is its security features. Having a car alarm, a GPS tracker, or a steering wheel lock will lower your insurance. No matter what your car is worth, insurance companies know that theft is less likely when a security device is in place. Often times these devices are inexpensive to purchase and the cost can easily be made up for by the amount you will save on monthly premiums.
Once you know Nebraska car insurance laws and how to choose a vehicle that is cheap to insure, you are all set to start shopping for your policy.