Any state has a strict policy regarding insurance requirements each motorist must fulfil. The state of Nebraska too has a similar policy. The State of Nebraska has a minimum liability of twenty five thousand dollars per person for bodily harm during an accident, a total of fifty thousand dollars for bodily harm during an accident and twenty five thousand dollars for property damage. This is the minimum requirement and it is not strange to see people choosing to go in for policies worth more.
There are many factors that affect insurance premiums and rates in the state of Nebraska. Each person is viewed by the insurance company as a potential risk within a specific population. As the risk increases, the person pays more for coverage. Thus, for lower premiums the amount of risk should be reduced.
One of the factors that can affect your insurance premium is your age. Statistics have shown drivers below the age of twenty five are a much greater liability than the drivers over twenty five. Older drivers, ideally between the ages of fifty and sixty five are the safest drivers and thus, get the lowest premiums. Your gender will play a role too. It has been observed that women are safer drivers and hence get lower rates. Your marital status plays a huge role too. It is assumed that drivers who are married are more careful and are a lesser liability than people who are not married. These are the factors you cannot change.
Some of the factors you can change include the place you live in. Your locality plays a huge role in calculating your potential risk. It is but natural to assume people living in sparsely populated locations have a lesser chance of being in an accident than people living in busy city centre areas or the suburbs. A lot of neighbourhoods have a high crime rate and auto theft rate. These areas will have a higher premium on vehicle thefts. Having a good record means you will have a lower premium. Your record shows what kind of a driver you have been in the past and what kind of a drier you are likely to be. They calculate your risk based on your previous driving record and if you have had any tickets or violations, you will have to pay more. Your vehicle is the one being insured. The kind of vehicle also defines the premium rates. Naturally a cheaper vehicle will have a much lower rate than a high cost fancy vehicle.
The number of claims with previous companies also plays a big role. If your vehicle has been involved in a lot of accidents, it will drive the rate up. Your credit rating will play a huge role too. Many insurance companies check up on your credit rating. If you have a low or poor credit score, they might charge you a higher premium. Your occupation decides risk as well. A person who has to drive all day in all kinds of traffic is more at risk than a person sitting indoors all day.