Importance of Auto Insurance
Compliance with state laws
Nebraska has a minimum for auto insurance requirements. Driving without insurance could lead to fines and result in your vehicle being impounded.
Satisfy your lender
If you have a car loan, most lenders require you to have insurance. Usually, this mya include the requirements by state law and collision and comprehensive coverage.
Protect your Assets
Auto insurance can provide liability coverage for accidents where you are responsible and in a lawsuit. Insurance may cover accident-related repairs, accident-related medical bills, and lost wages.
Minimum Coverage Limits Required in Nebraska
Bodily Injury Liability: $25,000 per person, $50,000 per accident
Property Damage Liability: $25,000 for property damage
Uninsured/Underinsured: $25,000 per person, $25,000 per accident
Note: These coverages are the requirements by Nebraska state law. However, in the event of a total loss, these coverages may not be enough to cover for the damages sustained.
Coverage in Auto Policy
Bodily Injury Liability
- Pays for medical expenses, lost wages, and other costs to injuries sustained by other people
Property Damage Liability
- Covers the cost of repairing or replacing the property of others
Uninsured/underinsured
- Covers medical expenses, lost wages, and other bodily injury-related costs if at fault drive has insufficient coverage
Collision
- This coverage pays for damage to your car from a collision with another car, object, or pothole
Comprehensive
- Reimburses for damage to your car not caused by collision. This includes theft, hail, windstorm, flood, fire, and hitting animals. It also includes windshield damage. With both comprehensive and collision, you can choose different deductibles which may lead to a reduced premium.
Medical Payments
- This coverage pays for treating injuries to you and your passengers.
Extra Add-ons
Towing
- Provides assistance for towing vehicle when it cannot be driven due to a breakdown, accident, or other emergencies
Rental Car
- Optional add-on to policy to help cover the cost of a rental vehicle while your car is repaired due to a covered claim
Windshield
- Some companies may off a $0 deductible to repair your windshield after a chip. Ask your insurance agent on what the company offers
Note: Most insurance accepted if you drive into Canada. To drive in Mexico, you will need to buy Mexican auto insurance. Ask your insurer about other requirements.
Most policies do not cover any equipment that is not permanently installed in your car or maintenance for your car. This includes stereos, CD players, navigation systems, and cell phones.
You will need a separate insurance policy for other vehicles such as:
- Motorcycles
- ATVs
- RVs
- Off-Road Vehicles
- Commercial Vehicles
