The type of vehicle needing coverage is one of the largest considerations when shopping for cheap auto insurance for Lyft drivers. Vehicles with lots of horsepower, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than safer models.
The table below ranks coverage prices for some of the most cost-effective automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Explorer XLT 4WD||$1,544|
|Honda Accord LX-P 4-Dr Sedan||$1,557|
|Ford Escape XLT 4WD||$1,596|
|Honda CR-V EX-L 2WD||$1,602|
|Ford Edge SEL AWD||$1,599|
|Chevrolet Silverado LS Regular Cab 2WD||$1,626|
|Toyota Tacoma Double Cab 4WD||$1,660|
|Hyundai Elantra SE Touring Station Wagon||$1,681|
|Honda Odyssey LX||$1,710|
|Chevrolet Impala LS||$1,747|
|Nissan Altima 2.5 4-Dr Sedan||$1,782|
|Toyota RAV4 2WD||$1,788|
|Toyota Camry LE||$1,834|
|Ford Focus SEL 4-Dr Sedan||$1,845|
|Dodge Grand Caravan Crew||$1,877|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,882|
|Dodge Ram Crew Cab Laramie 2WD||$1,895|
|Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD||$1,900|
|Honda Civic DX 2-Dr Coupe||$1,908|
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Data 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 multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price estimates do not factor in specific location which can decrease or increase prices greatly.
Based upon the table data, you can expect models like the Ford Explorer, Honda Accord, Ford Escape, Honda CR-V, and Ford Edge are going to be the cheaper vehicles to insure for Lyft vehicles.
One of the more important things that help determine the amount you pay for auto insurance is your zip code in Chandler. Areas with a lot of weather claims or more people tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.
The illustration below shows the most costly cities in Arizona for Lyft drivers to buy car insurance in. Chandler makes the list at #8 with an annual premium of $1,126 for car insurance, which is around $94 monthly.
|Rank||City||Average Per Year|
|3||San Tan Valley||$1,185|
|25||Lake Havasu City||$852|
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Table data uses comparative as the specific Chandler residence address can impact coverage rates noticeably.
Determining which company offers the cheapest insurance rates for Lyft drivers involves more work in order to find the lowest price. Each insurance company uses their own formula to set policy rates, so let’s take a look at the most competitive insurance companies in Chandler, AZ.
Find the Cheapest Car Insurance for Your Lyft Vehicle
|Rank||Company||Cost Per Year|
|12||Farm Bureau Mutual||$1,285|
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The Hartford has some of the best car insurance rates in Chandler at around $836 a year. Safeco, Auto-Owners, USAA, and Progressive also qualify as some of the cheaper Chandler, AZ auto insurance companies.
As depicted above, if you are currently insured with Safeco and switched to The Hartford, you may see a yearly savings of upwards of $69. Drivers with Auto-Owners could save as much as $79 a year, and USAA customers might reduce rates by $277 a year.
To see if your current coverage is too expensive, click here or quote prices from the following companies.
It’s important to note that these policy rates are averages across all types of insureds and vehicles and do not factor in a vehicle location for Lyft drivers. So the company that can offer you the best rate may not even be in the list above. That point stresses why you need to compare rates from multiple companies using your own personal information and vehicle type.
Impact of careless driving on insurance rates
In a perfect world, the ideal way to enjoy low insurance prices for Lyft vehicles is to drive carefully and avoid accidents and traffic citations. The chart below demonstrates how speeding tickets and accident claims impact insurance premiums for different age groups. The premiums are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of auto insurance in Arizona per year with no accidents and a clean driving record is $1,500. Factor in one speeding ticket and the average cost rises to $1,700, an increase of $199 each year. Now add two accidents along with the one speeding ticket and the annual cost of insurance for Lyft drivers goes up to an average of $3,419. That’s an increase of $1,919, or $160 per month, just for not driving carefully!
The chart below illustrates how your choice of deductibles can influence insurance prices when getting quotes for cheap insurance for Lyft drivers. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could save $276 a year by switching from a $100 deductible to a $500 deductible, or save $418 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, have the ability to save as much as $834 or even more just by choosing higher deductibles. When increasing deductibles, it will be required to have additional savings on hand to offset the extra out-of-pocket expense that is associated with using high deductibles.
Discount Chandler car insurance rates
Car insurance companies that offer quotes for Lyft drivers may also offer special discounts that may potentially lower prices by 35% or more if you meet eligibility requirements. A few of the larger companies and some of the premium reductions they offer can be read below.
- American Family policyholders can earn discounts including early bird, good driver, mySafetyValet, good student, and TimeAway discount.
- Farm Bureau discounts include renewal discount, multi-vehicle, multi-policy, 55 and retired, safe driver, and driver training.
- State Farm includes discounts for student away at school, Drive Safe & Save, Steer Clear safe driver discount, multiple policy, accident-free, and defensive driving training.
- Travelers offers discounts including driver training, new car, IntelliDrive, home ownership, early quote, and good student.
- The Hartford may offer discounts for bundle, anti-theft, vehicle fuel type, driver training, good student, defensive driver, and air bag.
- GEICO has discounts for daytime running lights, air bags, federal employee, anti-lock brakes, and multi-policy.
- Progressive may include discounts for continuous coverage, online signing, good student, homeowner, and multi-vehicle.
The example below visualizes the comparison of insurance rates with and without discounts applied to the policy rates. The prices are based on a male driver, a clean driving record, no claims, Arizona state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with homeowner, marriage, vehicle safety, defensive driving course, anti-theft, and multiple vehicle discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on insurance for Lyft drivers is 28% or $642.
How to find cheaper car insurance for Lyft drivers
The list below summarizes some of the recommended money-saving suggestions that can help you find low-cost coverage.
- Buying home and auto insurance together can earn discounts
- Avoid price increases by not filing claims
- Good credit can mean cheaper rates
- Raise comprehensive and collision coverage deductibles
- Drive attentively and avoid accidents
- Save money by observing traffic laws and speed limits
- Comparison shop at least once a year
The last suggestion is very critical, as we stressed in the article above. Prices change frequently, so drivers shouldn’t be reluctant to switch to a new company if a better deal can be had. Staying with the same car insurance company is fine, but it’s not a great idea if it’s costing you thousands of dollars over the life of your policy. Now is a great time to compare prices and find cheaper insurance for Lyft drivers in Chandler.
If you have coverage questions and would like to have professional advice when buying car insurance for Lyft drivers, the insurance agencies listed below are a good start to help you decide which is the best policy. To find an agent close to where you live, click the link at the bottom.
State Farm: Tara Poaletti
300 N Gila Springs Blvd #150 – Chandler, AZ 85226 – (480) 659-5263
1200 N Arizona Ave #3 – Chandler, AZ 85225 – (480) 782-9202
State Farm: Grady Hansen
1807 E Queen Creek Rd #1 – Chandler, AZ 85286 – (480) 883-7997