You have probably watched the captivating commercials from insurers like The General, State Farm, and Allstate that say if you switch you’ll get enormous savings. So you just need to choose any of them, right?
It’s just not that easy, however, as there are a lot of unknown factors like if you are married or single, how high your deductibles should be, the neighborhood you live in, and when you were born, that all help calculate your car insurance rates. This article delves into the best ways to avoid paying too much and will hopefully give you a good start to your coverage search.
The vehicle that needs insurance is one of the largest factors when comparing quotes for the best cheap insurance for Uber drivers. Vehicles with lower acceleration and performance, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.
The list below ranks insurance premiums for the more affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,390|
|Ford Escape XLT 4WD||$1,422|
|Toyota Tacoma 4WD||$1,558|
|Ford Edge Limited 2WD||$1,614|
|Chevrolet Malibu Hybrid||$1,645|
|Toyota RAV4 Limited 2WD||$1,651|
|Ford Explorer Limited AWD||$1,677|
|Toyota Camry SE||$1,736|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,745|
|Nissan Rogue S 2WD||$1,765|
|Chevrolet Equinox LTZ AWD||$1,768|
|Dodge Grand Caravan CV||$1,770|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$1,797|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,800|
|Honda Odyssey EX||$1,813|
|Ford F-150 FX4 Super Cab 4WD||$1,837|
|Honda Accord LX-S 2-Dr Coupe||$1,855|
|Jeep Grand Cherokee Laredo 2WD||$1,864|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,887|
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in specific garaging location which can raise or lower premium rates considerably.
Looking at the numbers, we can infer that vehicles like the Honda CR-V, Ford Escape, Toyota Tacoma, Ford Edge, and Chevrolet Malibu will be some of the less-costly vehicles to insure for Uber vehicles.
Finding out which companies quote the most affordable auto insurance rates for Uber drivers will involve a tad more effort in order to find the best policy. Every insurance company used slightly different criteria to set their prices, so let’s rank the lowest cost auto insurance companies in Mesa, AZ.
It’s a good idea to be aware that Mesa auto insurance rates are determined by lots of factors which can substantially change the price of your policy. Simply having a birthday, becoming a homeowner, or having an accident may cause policy rate changes that may make certain companies affordable when they were higher priced.
Find the Best Cheap Insurance for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|12||Farm Bureau Mutual||$1,297|
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The Hartford quotes some of the most affordable car insurance rates in Mesa at around $845 per year. This is $583 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers also are some of the most economical Mesa, AZ car insurance companies.
In the above example, if you have coverage with USAA and switched to The Hartford, you might realize yearly savings of roughly $268. Policyholders with Travelers could save as much as $274 a year, and GEICO policyholders might see rate reductions of $297 a year.
To see if your current coverage is too expensive, click here to begin a quote or quote prices from the following companies.
These prices are averaged for all ages of drivers and types of vehicles and are not factoring in an exact location for Uber drivers. So the insurer that can offer you the best price may not even be in the list above. That helps illustrate why you need to get quotes using your own personal information and vehicle type.
For Uber vehicles, one of the largest things that help determine the cost of insurance is where you choose to live. Areas with increased crime or more people tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.
The following table rates the highest-priced places in Arizona for Uber drivers to buy an auto insurance policy in. Mesa shows up at #5 costing $1,147 for the average insurance policy, which is around $96 monthly.
|4||San Tan Valley||$1,150|
|25||Lake Havasu City||$852|
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Price information shown is approximated as specific Mesa zip code can impact prices substantially.
Cost of full coverage in Mesa
Paying a lower price for auto insurance should be important to the majority of drivers, and an effective way to reduce the cost of insurance for Uber drivers is to buy only liability coverage. The diagram below compares premium costs with full coverage and liability only. The information is based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no additional discounts are factored in.
As an average for all age groups, physical damage coverage on your policy costs an additional $2,345 per year over having just liability coverage. That is a significant amount which raises the question if paying for full coverage is a waste of money. There is no definitive guideline of when to exclude comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s assume your vehicle’s book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 a year for full coverage, then it might be time to consider dropping full coverage.
The illustration below demonstrates how deductible levels can affect insurance premiums when quoting cheap insurance for Uber drivers. The prices are based on a single male driver, comp and collision included, and no other discounts are factored in.
The chart above illustrates that a 40-year-old driver could reduce rates by $342 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $518 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could potentially save $1,138 each year just by using higher deductibles.
If you do decide to increase your deductibles, it is a good idea to have enough spare savings to enable you to cover the extra out-of-pocket expense associated with higher deductibles.
What aren’t you shopping around?
Mesa, AZ auto insurance rates are impacted by many factors which can substantially change the cost of a policy. Simply having a birthday, getting divorced, or getting a few speeding tickets may generate price changes that can cause some rates to be cheaper in comparison to the competition. Not only that, but companies file new rates as often as every three months to adjust for gains or losses. Higher than usual claims may result in more expensive prices, while a profitable period can result in cheaper Mesa car insurance rates.
For example, the chart below shows which company has the cheapest car insurance in Mesa, AZ for a 40-year-old male driver with a clean driving record, no accidents, and good financial standing. When comparing rates based on his current risk profile, The Hartford might quote the most affordable car insurance rates in Mesa at $1,089 per year. This is $339 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers are also on the list of the cheapest Mesa, AZ auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison a chargeable claim, slightly worse credit, and a speeding citation. Since each auto insurance company uses their own formula for establishing rates, getting updated rate quotes will most likely result in a completely different list of the cheapest car insurance companies in Mesa as shown below.
Progressive now has the best insurance rate in Mesa with Ameriprise Group, CSAA, Allied, and Farm Bureau Mutual now rounding out the top five. This example illustrates why Arizona drivers need to compare lots of rates to get the lowest car insurance rates for Uber drivers. Insurance prices are influenced by many different factors and change frequently, so the most economical company three years ago may now be an over-priced policy.
If you have coverage questions and would like to get some professional advice when shopping for the best coverage for Uber drivers, the professional agents shown below can probably provide answers to your questions and help you determine which auto insurance policy fits you best. To locate a Mesa auto insurance agent closest to you, click the button after the list or click here to compare prices now.
Ayala Insurance Service, LLC
830 W Southern Ave #10 – Mesa, AZ 85210 – (480) 844-1555
Roger Downey – State Farm Insurance Agent
2220 S Country Club Dr #100 – Mesa, AZ 85210 – (480) 892-6079
State Farm : Mike Wilson
1046 E McKellips Rd – Mesa, AZ 85203 – (480) 926-0388
Wong Insurance Agency LLC dba GlobalGreen Insurance Agency of Mesa
66 S Dobson Rd # 131 – Mesa, AZ 85202 – (602) 758-1672