The words “bargain” and “insurance” really don’t belong together, specifically when shopping around for the lowest insurance rates for Uber drivers. To save some money, let’s familiarize you with some of the factors that can significantly affect car insurance premiums, and come up with some ways to reduce the cost of the next policy you buy.
The make and model of vehicle that needs insurance is probably the biggest factor when shopping for cheap insurance for Uber drivers. Vehicles with higher performance characteristics, a lack of safety features, or a history of substantial liability claims will cost much more to insure than safer, lower-performance models. The information below estimates insurance costs for a number of the most affordable automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $826 |
| Honda Accord EX-L 4-Dr Sedan | $895 |
| Toyota Prius | $914 |
| Honda CR-V EX-L 2WD | $957 |
| Ford Edge Limited 2WD | $964 |
| Honda Odyssey EX W/Rear Entertainment | $957 |
| Nissan Altima 2.5 4-Dr Sedan | $975 |
| Chevrolet Malibu Hybrid | $980 |
| Chevrolet Equinox LT AWD | $975 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $994 |
| Ford F-150 XLT Crew Cab 2WD | $1,012 |
| Dodge Grand Caravan SE | $1,017 |
| Jeep Grand Cherokee SRT-8 4WD | $1,047 |
| Chevrolet Impala LS | $1,049 |
| Toyota RAV4 4WD | $1,069 |
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can revise auto insurance rates greatly.
Based upon these rates, we can presume that makes and models like the Ford Escape, Honda Accord, Toyota Prius, and Honda CR-V should be some of the cheapest vehicles to insure for Uber vehicles.
Trying to find cheap insurance is not easy, and figuring out which companies quote the cheapest car insurance rates for Uber drivers requires additional perseverance. Every insurance provider uses their own formula for determining prices, so we need to take a look at the car insurance companies that tend to be cheaper in California.
Keep in mind that Irvine car insurance rates are determined by lots of factors that can increase the price you pay for coverage. Simply having a birthday, buying another vehicle, or getting into an accident can produce rate changes that can now make some companies cheaper in comparison to the competition.
Cheap Insurance Rates for Your Uber Vehicle
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Wawanesa | $1,146 |
| 3 | Century National | $1,178 |
| 4 | CSAA | $1,198 |
| 5 | Nationwide | $1,250 |
| 6 | 21st Century | $1,325 |
| 7 | Grange | $1,433 |
| 8 | Allstate | $1,497 |
| 9 | Mercury | $1,503 |
| 10 | Progressive | $1,558 |
| 11 | GEICO | $1,559 |
| 12 | Allied | $1,588 |
| 13 | The Hartford | $1,591 |
| 14 | MetLife | $1,654 |
| 15 | State Farm | $1,699 |
| 16 | Esurance | $1,739 |
| 17 | Unitrin | $1,750 |
| 18 | Travelers | $1,842 |
| 19 | Bristol West | $1,849 |
| 20 | Farmers | $2,026 |
| Quote Your Rates Go | ||
USAA quotes some of the cheapest car insurance rates in Irvine at around $1,121 per year. This is $530 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide would also be considered some of the cheaper Irvine, CA car insurance companies.
As the example above demonstrates, if you currently have a policy with Wawanesa and switched to USAA, you might achieve yearly savings of in the neighborhood of $25. Insureds with Century National could save as much as $57 a year, and CSAA policyholders might reduce prices by as much as $77 a year.
To find cheaper insurance rates for your vehicle, click here to start a quote or visit several of the following companies.
Be aware that those rates are averages for all insureds and vehicles and and are not calculated with a specific location for Uber drivers. So the car insurance company that fits your needs best may not even be in the top 24 companies shown above. That’s why you need to compare as many prices as possible using your own specific driver information and vehicle.
One of the many factors that determine car insurance rates is the neighborhood you call home in Irvine. More densely populated places tend to have higher auto insurance costs, whereas less populated areas have the benefit of cheaper auto insurance prices.
The following table lists the highest-priced areas in California for Uber drivers to buy an auto insurance policy in. Irvine is listed at #21 costing $1,343 for the average policy, which is around $112 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Los Angeles | $2,104 |
| 2 | Glendale | $2,058 |
| 3 | San Francisco | $1,745 |
| 4 | Oakland | $1,704 |
| 5 | Sacramento | $1,652 |
| 6 | San Bernardino | $1,628 |
| 7 | Fontana | $1,581 |
| 8 | Santa Clarita | $1,580 |
| 9 | Long Beach | $1,578 |
| 10 | Garden Grove | $1,570 |
| 11 | Stockton | $1,556 |
| 12 | Moreno Valley | $1,551 |
| 13 | Modesto | $1,532 |
| 14 | Riverside | $1,527 |
| 15 | Fresno | $1,517 |
| 16 | Santa Ana | $1,497 |
| 17 | Anaheim | $1,488 |
| 18 | Huntington Beach | $1,416 |
| 19 | San Jose | $1,395 |
| 20 | Fremont | $1,389 |
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Prices are estimated as the specific zip code location can increase or decrease coverage rates substantially.
Types of discounts on Irvine insurance rates
Auto insurance companies that provide policies for Uber drivers may also offer discounts that can lower rates by 30% or more if you meet specific criteria. Popular car insurance companies and the discounts they provide can be found below.
- State Farm offers premium reductions for accident-free, Drive Safe & Save, multiple policy, anti-theft, and defensive driving training.
- Liberty Mutual discounts include new vehicle discount, safety features, multi-car, newly married, and exclusive group savings.
- American Family offers discounts including multi-vehicle, air bags, bundled insurance, TimeAway discount, defensive driver, and good student.
- Progressive policyholders can earn discounts including online signing, continuous coverage, good student, multi-vehicle, multi-policy, and online quote discount.
- Farmers Insurance may include discounts for pay in full, electronic funds transfer, teen driver, early shopping, and bundle discounts.
- Auto-Owners Insurance may offer discounts for paid in full, anti-theft, multi-policy, teen driver, air bags, mature driver, and group or association.
- SAFECO has savings for anti-theft, bundle discounts, teen safety rewards, homeowner, and safe driver.
The chart below shows the comparison of insurance costs with and without discounts applied. The price estimates are based on a male driver, a clean driving record, no claims, California state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, multiple vehicle, vehicle safety, homeowner, defensive driving course, and multiple policy discounts applied. When these discounts are applied, the average amount saved each year on car insurance for Uber drivers is 28% or $698.
The information below shows how choosing a deductible can influence insurance premiums when getting quotes for cheap insurance for Uber drivers. The price estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
The chart above illustrates that a 30-year-old driver could pocket $488 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $736 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could roll back prices as much as $1,432 or even more by selecting a higher deductible. When raising deductibles, it will be important to have plenty of savings on hand to be able to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Impact of speeding/accidents on Irvine car insurance rates
The ideal way to snag the best car insurance premiums in Irvine for Uber vehicles is to drive safely and avoid accidents and keep your driving record clean. The diagram below demonstrates how citations and at-fault claims can increase car insurance rates for different age groups of insureds. The premiums are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are applied.
The chart shows that the average cost of car insurance in California per year with no accidents and a clean driving record is $2,467. Receive one speeding ticket and the average cost increases to $2,787, an increase of $320 each year. Then add two accidents along with the one speeding ticket and the annual cost of car insurance for Uber drivers jumps again to an average of $5,801. That’s an increase of $3,334, or $278 per month, just for not driving carefully!
How to find low-cost auto insurance for Uber drivers
It is possible to find better rates, and here are some of the better money-saving solutions that can help you buy cheaper coverage.
- At-fault accidents will increase rates
- Violations like speeding or DUI increase rates
- Older vehicles may not need full coverage
- Raise deductibles
- Avoid filing small claims
- Shop around for cheaper rates regularly
The last idea is certainly vital, as was noted in the prior information. Insurance rates in Irvine can be adjusted at any time, so don’t hesitate to switch companies if a cheaper price is available. Staying with the same car insurance company is fine, but we do not recommend it if it’s costing you money that could be used for better things. In less than five minutes you could compare rates to find cheaper auto insurance for Uber drivers.
If you have coverage questions and would like to have a professional recommendation when comparing insurance rates for Uber drivers, the insurance agencies listed below can most likely aid you in deciding which insurance coverage you need. To find an agent close to where you live, click the button link following the list or click here to compare price quotes.
- Farmers Insurance – Charmaine Lim
20 Pacifica #1450 – Irvine, CA 92618 – (949) 387-9999 - Farmers Insurance: James Lohse
4850 Barranca Pkwy #202 – Irvine, CA 92604 – (949) 559-0175 - Ryan Hoherd, AFLAC Insurance Agent: Orange County, Long Beach, Riverside County
2770 S Harbor Blvd – Santa Ana, CA 92704 – (562) 212-3290