The average insurance premium for used cars in the state of Nebraska is $ 1384 per annum. Omaha, the largest city of the state has an average insurance premium of $ 1242 per annum. The data analysis below will compare different used car models and their insurance averages in Omaha city.
Please note that the used car models belong to the year range of 2005 to 2012.
Comparing the insurance average of three cars manufactured by Honda – the Accord, the Civic and the CR-V, the Honda CR-V has the highest insurance average ($ 1246) followed by Honda Civic ($ 1133).
But the median prices of both the models have a vast difference. The Honda CR-V can be purchased at a median price of $ 20725 whereas the median price of the Honda Civic is $12999. The Honda Accord has the lowest insurance average of all the eight car models ($ 1085).
|Model||Insurance average ($)||Median price ($)||Insurance percentage|
Toyota’s models–the Camry and the Corolla are old models which are revamped every few years. Toyota Camry has the highest insurance average of all of the eight car models ($1365) but the median price of the model is relatively less ($ 17372). The Camry’s insurance average exceeds the insurance average of Omaha city.
Compared to the Camry, the Corolla has a lower insurance average ($ 1161) and lower median price ($ 14499).
The Nissan Altima, which has been in production since the early 1990s has an insurance average of $ 1181 but has the lowest median price compared to the above mentioned cars ($11495).
The table below gives us the information about car models with the lowest median prices in Omaha.
|Model||Median price ($)|
Despite having the second lowest insurance average of $ 1129, Chevrolet Silverado has the highest median price of all the cars mentioned in the analysis ($ 28995) followed by Ford F-Series ($ 28950).