Finding cost effective auto insurance is hard enough, and figuring out which company quotes the cheapest car insurance rates for Uber drivers will require even more diligence.
Each auto insurance company has their own guidelines for filing rates in each state, so we’ll take a look at the car insurance companies with the overall best prices in Chandler, AZ. We do need to point out that Arizona car insurance rates are based on many factors which can substantially change the price of coverage. Turning one year older, increasing deductibles, or having an accident can trigger rate changes that may make certain companies cheaper than competitors.
Cheapest Insurance Rates for Your Uber Vehicle
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $836 |
| 2 | Safeco | $923 |
| 3 | Auto-Owners | $924 |
| 4 | Travelers | $1,086 |
| 5 | Progressive | $1,118 |
| 6 | USAA | $1,124 |
| 7 | GEICO | $1,131 |
| 8 | Ameriprise Group | $1,208 |
| 9 | CSAA | $1,225 |
| 10 | Allied | $1,245 |
| 11 | Safe Auto | $1,284 |
| 12 | Farm Bureau Mutual | $1,297 |
| 13 | Unitrin | $1,357 |
| 14 | State Farm | $1,364 |
| 15 | Farmers | $1,378 |
| 16 | Titan | $1,461 |
| 17 | American Family | $1,478 |
| 18 | Amica | $1,487 |
| 19 | California Casualty | $1,552 |
| 20 | MetLife | $1,567 |
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The Hartford quotes some of the most affordable car insurance rates in Chandler at around $836 a year. Safeco, Auto-Owners, Travelers, and Progressive would also be considered some of the best Chandler, AZ car insurance companies.
In this example, if you are a policyholder with Auto-Owners and switched to The Hartford, you may realize annual savings of in the neighborhood of $88. Arizona drivers with Travelers might save as much as $250 a year, and Progressive insureds might reduce prices by as much as $282 a year.
Remember that these premium estimates are averages for all drivers and vehicles in Arizona and do not factor in an exact zip code location for Uber drivers. So the car insurance company that is best suited for you may not even be in the top 28 companies shown above. That helps illustrate why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
The vehicle model that needs insurance is a significant factor when quoting affordable car insurance for Uber drivers. Vehicles with lower acceleration and performance, excellent safety ratings, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models.
The data below estimates coverage costs for the most affordable vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,504 |
| Ford Escape XLT 2WD | $1,557 |
| Ford Edge SEL 2WD | $1,599 |
| Toyota RAV4 Sport 4WD | $1,631 |
| Chevrolet Equinox LS 2WD | $1,639 |
| Toyota Camry LE | $1,631 |
| Dodge Grand Caravan Hero | $1,637 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,660 |
| Ford Explorer Eddie Bauer 4WD | $1,667 |
| Toyota Prius | $1,673 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,676 |
| Ford F-150 FX2 Super Cab 2WD | $1,684 |
| Toyota Corolla LE | $1,721 |
| Jeep Grand Cherokee Limited 4WD | $1,750 |
| Ford Fusion S 4-Dr Sedan | $1,782 |
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium costs do not factor in specific location information which can decrease or increase premiums significantly.
Looking at the numbers, we can presume that makes and models like the Honda CR-V, Ford Escape, Ford Edge, and Toyota RAV4 are most likely to be the cheaper vehicles to insure for Uber vehicles.
Does full coverage make sense?
Saving money when shopping for car insurance is important to most drivers, and one of the fastest ways to buy cheap insurance for Uber drivers is to not buy comprehensive and collision coverage. The illustration below illustrates the difference between insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The price estimates are based on no claims or driving citations, $250 deductibles, single marital status, and no discounts are applied to the premium.
Averaged out for all age groups, comprehensive and collision coverage on your policy costs an additional $2,107 per year over liability only. That is a significant amount which raises the question if you should buy full coverage. There isn’t a written rule to exclude physical damage coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
Accidents and violations increase rates
A great way to enjoy low car insurance rates for Uber vehicles is to be a careful driver and avoid accidents and traffic citations. The illustration below shows how speeding tickets and at-fault claims drive up insurance prices for each different age category. Data assumes a married female driver, full coverage, $500 deductibles, and no discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in Chandler per year with no accidents or violations is $1,475. Add in two speeding tickets and the average cost surges to $2,091, an increase of $616 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of car insurance for Uber drivers increases to an average of $4,486. That’s an increase of $3,011, or $251 per month, just for not driving responsibly!
Discount Chandler auto insurance rates
Insurers that sell policies for Uber drivers may provide special discounts that can reduce rates by 30% or more if you meet the requirements. Large car insurance companies and their offered discounts include:
- Progressive policyholders can earn discounts including homeowner, multi-policy, multi-vehicle, good student, continuous coverage, online quote discount, and online signing.
- The Hartford has savings for vehicle fuel type, driver training, good student, bundle, defensive driver, air bag, and anti-theft.
- Mercury Insurance discounts include location of vehicle, good driver, multi-car, professional/association, anti-theft, age of vehicle, and annual mileage.
- GEICO has discounts for military active duty, multi-policy, defensive driver, seat belt use, good student, emergency military deployment, and federal employee.
- AAA may include discounts for good student, good driver, AAA membership discount, education and occupation, anti-theft, and pay-in-full.
- State Farm may offer discounts for multiple autos, good driver, defensive driving training, good student, student away at school, anti-theft, and multiple policy.
The diagram below visualizes the comparison of insurance prices with and without discounts applied. The premiums are based on a male driver, no tickets, no at-fault accidents, Arizona state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with safe-driver, defensive driving course, marriage, claim-free, multiple vehicle, and accident-free discounts applied. In this example, theamount saved on car insurance for Uber drivers is 28% or $477.
Why you should be shopping around
Chandler, AZ car insurance rates are based on many factors which can substantially decrease or increase the price you have to pay. Simply having a birthday, increasing liability limits, or getting a few speeding tickets may generate price changes that can now make some companies more affordable than the competition. Additionally, auto insurance companies change the rates they charge in Arizona as needed to reflect underwriting profits or losses. Heavy losses can result in additional premium costs, while better underwriting can produce more affordable Chandler car insurance rates.
To illustrate this example, the chart below shows a variety of companies that have the cheapest car insurance in Chandler, AZ for a 45-year-old female driver with no violations or accidents, and good financial standing. Based on her personal profile, The Hartford may offer the cheapest car insurance rates in Chandler at $1,105 each year. This is $323 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA round out the rest of the cheapest Chandler, AZ auto insurance companies.
Let’s now give the driver from the first set of rates a chargeable claim, less-than-perfect credit, and a traffic citation. Since each company has a unique approach for determining rates, comparing prices may result in a new list of companies as shown below.
Progressive now has the cheapest price in Chandler with Ameriprise Group, CSAA, Allied, and Auto-Owners also having competitive pricing. This example proves why Chandler drivers need to compare many different companies when trying to get the most economical insurance quotes for Uber drivers.
Insurance rates can be altered by many things and change substantially, so the cheapest company two years ago may now cost much more than other companies.