Nebraska Car Insurance
Nebraska law requires all drivers to be insured. The minimum amounts of required coverage are $25,000 per person, $50,000 per accident for bodily injury liability and $25,000 minimum for property damage. Auto liability insurance pays the damages for the other parties in an at fault accident up to the amount of the coverage limits. In lieu of a certificate of insurance, Nebraska drivers are allowed to carry a binder such as a surety bond, property bond, or certificate of self–insurance among other options. However, for most drivers, purchasing car insurance makes the most sense.
Purchase Insurance Above the Minimum Limits
Nebraska drivers should consider purchasing insurance coverage beyond the required minimum limits. Each day, hundreds of Nebraska drivers are involved in car accidents. Without sufficient coverage, drivers may be personally responsible for damages above their coverage limits. While the minimum limits may seem like a significant amount of money, the cost of medical bills and vehicle repairs can be in the hundreds of thousands of dollars in a serious accident.
Optional Types of Auto Insurance Coverage
Other important optional types of insurance coverage in Nebraska are Personal Injury Protection (“PIP”) and Uninsured/Underinsured Motorist (“UIM”). PIP pays for medical bills and lost wages regardless of fault following an accident. UIM coverage pays for damages when another driver at fault for an accident does not have insurance or does not have enough insurance. This can be very useful in a serious accident or an accident involving an uninsured at fault driver.
Collision and Comprehensive are also important coverage types. Collision coverage pays for vehicle repairs or replacement value resulting from a vehicle collision regardless of fault, whereas Comprehensive coverage pays for all vehicle damage or replacement value for incidents other than a collision such as the car being hit by a tree or being stolen. These coverage types have a deductible typically $500. Selecting a higher deductible amount can lower Collision and Comprehensive rates. Many lending companies require vehicle owners to purchase Collision and Comprehensive as a condition for the loan.
Know When Your Policy Expires
Without proof of liability insurance, Nebraska drivers can face substantial fines from the police, among other penalties. Uninsured drivers may also be forced to comply with state financial responsibility laws and have to purchase more expensive SR–22 auto insurance coverage.
Nebraska drivers should always know when their auto insurance policy expires to avoid a coverage lapse. Without insurance, in addition to facing fines for violating the law, a driver can be financially responsible for all damages caused in an accident, which could amount to hundreds of thousands of dollars. Driving without auto insurance is fiscally irresponsible and can lead to financial ruin.
Save With BestCarInsuranceCompanies.net
Drivers in Nebraska have dozens of car insurance companies to choose from. Geico, Progressive, Liberty Mutual, and State Farm all sell insurance in Nebraska. There are a number of steps Nebraska drivers can take to lower their rates. Whether you live in Omaha, Lincoln, Bellevue, or Grand Island use BestCarInsuranceCompanies.net to get low cost Nebraska car insurance. Just enter your zip code above to get started and you could be on your way to saving hundreds of dollars a year on your auto insurance.