Cheapest Car Insurance Quotes in Spencer

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401,895 Policies Sold

Spencer Car Insurance

^$ 17

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Spencer

The car insurance rate in Spencer is $971 for a six-month policy, which is $37 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $278, making it a popular choice for budget-conscious drivers. Rates in Spencer can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Spencer

$971

Avg. Car Insurance in Nebraska

$934

National Average

$1140

Cheapest Car Insurance Companies in Spencer

1st place: American National P&C

At $278 for a six month policy, American National P&C offers the cheapest auto insurance rates in the city.

2nd place: AutoOwners Insurance Co

AutoOwners Insurance Co offers auto insurance rates at $426 for a six-month policy, making it one of the cheapest to insure with.

3rd place: American National

American National offers auto insurance rates at $538 for six months, making it the third cheapest auto insurance company in Spencer.

Spencer Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Spencer, NE is American National P&C, offering policies at just $278 for a six-month term. This is followed by AutoOwners Insurance Co, which has an average six-month premium of $426.

At the higher end of the spectrum, American Family is the most expensive, with rates reaching $1050 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Spencer drivers find the best deals.

Cheap Car Insurance Companies in Spencer, NE

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$278	$47
Auto-Owners Insurance Co	$426	$71
American National	$538	$90
Farmers Mutual of Nebraska	$580	$98
Shelter	$593	$101
IMT Insurance Company	$605	$101
Auto-Owners	$847	$142
USAA	$933	$157
Farmers	$988	$168
Progressive	$1019	$172
State Farm	$1106	$186
North Star Mutual	$1309	$218
Allstate	$1538	$259
Farm Bureau	$1860	$310
Nationwide	$1878	$319
American Family	$1050	$175

Key Takeaways

Way's key takeaways about car insurance in Spencer

The auto insurance costs in Spencer fall around $278 for six months.
The cheapest auto insurance company in Spencer is American National P&C.
Teen drivers pay the highest rate in Spencer at $426 per month.

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Cheapest Minimum Liability Car Insurance in Spencer

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Spencer are given below.

American National P&C provides the cheapest minimum car insurance coverage in Spencer. Their Average 6 Month Premium is $99. North Star Mutual Insurance is the most expensive at $166 for the same period.

Cheapest Liability Coverage in Spencer, NE

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$99	$17
American National	$105	$18
Farmers Mutual of Nebraska	$155	$26
North Star Mutual	$191	$32
Auto-Owners Insurance Co	$204	$34
Farmers	$210	$35
IMT Insurance	$216	$36
Progressive	$216	$36
USAA	$216	$36
Auto-Owners	$229	$38
Iowa Farm Bureau	$248	$42
Shelter	$254	$43
State Farm	$254	$43
Farm Bureau	$353	$60
Allstate	$488	$82
Nationwide	$630	$107
American Family	$303	$51
North Star Mutual Insurance	$166	$28

Cheapest Full Coverage Car Insurance in Spencer

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Spencer is American National P&C at $47 per month and $278 for six months.

Cheapest Full Coverage Car Insurance Quotes in Spencer, NE

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$278	$47
Auto-Owners Insurance Co	$426	$71
American National	$538	$90
Farmers Mutual of Nebraska	$580	$98
Shelter	$593	$101
IMT Insurance Company	$605	$101
Auto-Owners	$847	$142
USAA	$933	$157
Farmers	$988	$168
Progressive	$1019	$172
State Farm	$1106	$186
North Star Mutual	$1309	$218
Allstate	$1538	$259
Farm Bureau	$1860	$310
Nationwide	$1878	$319
American Family	$1050	$175

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Average Car Insurance in Spencer by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Spencer, NE increasing?

Despite maintaining a clean driving record, your car insurance rates in Spencer, Nebraska, may be increasing due to several external factors. Nebraska has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Spencer's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Spencer

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	Farm Bureau Mutual	$738
30s	USAA	$572
40s	USAA	$510
50s	USAA	$487
60s	USAA	$487
70s	USAA	$567

Cheapest Car Insurance Rates for Teen Drivers in Spencer,NE

If you are planning to get a car insurance policy for your teenage dependent, American National P&C provides the cheapest car insurance in the Spencer at $20 per month. At $2508 for a six-month premium, American Family offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$118	$20
Farmers	$191	$32
North Star Mutual Insurance	$259	$44
Iowa Farm Bureau	$278	$47
Auto-Owners Insurance Co	$284	$48
Farmers Mutual of Nebraska	$945	$159
American National	$1186	$202
USAA	$1421	$239
Auto-Owners	$2137	$360
State Farm	$2267	$382
Progressive	$2311	$389
Allstate	$3373	$568
Farm Bureau	$4065	$692
Nationwide	$6388	$1065
American Family	$2508	$426

Teen Car Insurance Rates in NE by Age

Way Tip

If you are in your twenties Farm Bureau Mutual is the best choice for car insurance in Spencer.

As young drivers face the highest rates in Spencer, Farm Bureau Mutual offers the cheapest auto insurance rates at $738 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Spencer, American National P&C is the cheapest car insurance provider. At $346 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Spencer is American Family, offering rates of around $1798 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$346	$57
IMT Insurance Company	$389	$67
Shelter	$414	$69
Iowa Farm Bureau	$482	$82
Farmers Mutual of Nebraska	$643	$108
Progressive	$1069	$180
USAA	$1334	$223
Auto-Owners	$2378	$405
Allstate	$2391	$398
Nationwide	$2631	$447
Farm Bureau	$3465	$577
State Farm	$5579	$948
American Family	$1798	$300

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Car Insurance Rates with An Accident in Spencer

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Spencer, NE, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Spencer

The cheapest car insurance companies after an at-fault accident in Spencer include American National P&C and Farmers, offering $142 and $229, respectively. American Family is an expensive provider with an average six-month premium of $1260.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$142	$24
Farmers	$229	$38
Auto-Owners Insurance Co	$235	$40
North Star Mutual	$334	$57
Iowa Farm Bureau	$383	$63
North Star Mutual Insurance	$445	$76
American National	$605	$101
Farmers Mutual of Nebraska	$612	$103
Auto-Owners	$710	$120
USAA	$710	$120
State Farm	$754	$127
Progressive	$1013	$171
Allstate	$2292	$386
Farm Bureau	$2959	$503
Nationwide	$3045	$508
American Family	$1260	$210

Spencer Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Spencer NE. For example, the car insurance in Spencer after a DUI increases to $994 for a six month policy. While the rate increases by $197 for a six-month policy in the case of a speeding ticket.

Spencer auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1057	$176
One Med/PIP claim	$1057	$180
Not-at-fault accident	$1149	$191
Driving without lights	$1174	$200
Failure to show documents	$1174	$196
Driving with expired registration	$1186	$202
Failure to wear a seat belt	$1186	$198
Two Med/PIP claims	$1192	$203
Cell phone violation	$1198	$200
One comp claim	$1198	$204
Texting while driving	$1198	$200
Failure to yield	$1217	$207
Child safety restraint	$1223	$204
Driving too slowly	$1223	$208
Speeding in school zone	$1236	$206
Failure to stop at a red light	$1242	$211
Illegal turn	$1254	$209
Passing school bus	$1254	$213
Speeding 6 - 10 MPH over limit	$1254	$209
Following too closely	$1260	$214
Improper passing	$1273	$212
Speeding 11 - 15 MPH over limit	$1285	$218
Speeding 16 - 20 MPH over limit	$1303	$217
Wrong way/wrong lane	$1328	$226
Speeding 21 - 25 MPH over limit	$1341	$224
Operating a vehicle without permission	$1408	$239
In 65 MPH zone	$1427	$238
Two comp claims	$1439	$244
Open container	$1477	$246
At-fault accident - less than $1000	$1513	$257
At-fault accident - $1000-$2000	$1649	$275
At-fault accident - greater than $2000	$1649	$281
Reckless driving	$1872	$312
Driving with a suspended license	$1933	$329
Refusal to submit to a chemical test	$1996	$333
DUI	$2051	$348
Leaving scene of an accident/hit and run	$2082	$347
Racing	$2088	$355

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Spencer after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Spencer.

The cheapest car insurance premiums in Spencer are offered by American National P&C at $160 for a six-month policy. However, it can be as expensive as $1050 with companies like American Family.

Spencer car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$160	$27
Farmers	$376	$62
IMT Insurance Company	$464	$79
Auto-Owners Insurance Co	$500	$83
Iowa Farm Bureau	$506	$86
Shelter	$563	$94
American National	$649	$110
Progressive	$803	$135
Farmers Mutual of Nebraska	$964	$162
USAA	$1260	$212
State Farm	$1285	$216
Auto-Owners	$1316	$222
Farm Bureau	$1334	$225
Allstate	$1921	$323
Nationwide	$4170	$709
American Family	$1050	$179

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Spencer are offered by American National P&C at $124. However, it can be as expensive as $1162 with companies like American Family for a similar six-month premium.

Cheapest Car Insurance in Spencer after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$124	$21
Auto-Owners Insurance Co	$265	$45
IMT Insurance Company	$309	$53
Iowa Farm Bureau	$315	$52
Farmers Mutual of Nebraska	$500	$84
State Farm	$704	$119
Auto-Owners	$803	$136
Progressive	$945	$159
USAA	$970	$165
Allstate	$1705	$284
Farm Bureau	$2230	$380
Nationwide	$2515	$419
American Family	$1162	$198

Car Insurance Price Trends in Spencer, Nebraska

Car insurance rates in Spencer have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Spencer rose by $194 in December compared to $171 of November. In other words, there has been an increase by $23 when you compare December and November.

The average cost of liability insurance in the Spencer rose to $40 in December, compared to $38 in November. This represents an increase of $2 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Spencer?

The car insurance in Spencer is $17 per month, which is lower than the national average.

What is the cheapest car insurance in Spencer?

The cheapest car insurance in Spencer is $47 per month for full coverage.

How much is car insurance in Spencer for teenagers?

Car insurance for teenagers costs $118 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Spencer?

The average cost of car insurance is $934 for a six-month policy. It will cost around $163 per month to insure your car in Spencer.

Is car insurance expensive in Spencer?

Car insurance can be expensive in Spencer if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Spencer can be affordable.

What is the best car insurance in Spencer, NE?

The best car insurance company in Spencer NE is American National P&C, offering $278 for a six-month policy.