Cheap Car Insurance for Uber Drivers in Alabama

The vehicle model that is being insured is one of the biggest factors that determines whether or not you can buy cheap auto insurance for Uber drivers in Alabama. Vehicles with economical engines, excellent safety ratings, or a track record of few liability claims will cost significantly less to insure than high performance models.

The next table presents car insurance rates for a handful of the most cost-effective automobiles to buy insurance for.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in vehicle location which can impact price quotes significantly.

Looking at the data, we can conclude that makes and models like the Honda Accord, Ford Escape, and Hyundai Elantra are going to be a few of the less-costly vehicles to insure for Uber vehicles.

For Uber vehicles, one of the big criteria that aid in calculating auto insurance rates is where you keep your vehicle. Cities that have higher claim levels or more people like Birmingham, Bessemer, and Phenix City likely pay more, whereas areas with less people or fewer weather incidents benefit from lower coverage costs.

The next table rates the most expensive places in Alabama for Uber drivers in which to buy car insurance.

Price information shown is estimated as the vehicle garaging location can change premiums significantly.

Full coverage versus liability only rates

Finding cheap auto insurance for Uber drivers in Alabama is probably important to most drivers, and one of the best ways to save on the cost of insurance is to buy liability only. The illustration below illustrates the difference between premium costs with full phyical damage coverage and with liability coverage only. Data assumes no violations or accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.

If the expense is averaged for all age categories, comp and collision coverage costs $1,741 per year over and above liability only. Many of you may wonder if buying full coverage is a good investment. There is no set rule of when to stop paying for full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

Types of discounts on Alabama insurance rates

Auto insurance companies that offer cheap auto insurance for Uber drivers in Alabama may have special discounts that can lower rates by 30% or more if you meet specific eligibility requirements. A few of the larger companies and the discounts they provide can be read below.

The chart below illustrates the comparison of auto insurance rates with and without discounts being applied to the rates. The rate quotes are based on a male driver, no claims or violations, Alabama state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, passive restraint, safe-driver, vehicle safety, accident-free, and homeowner discounts applied. When these discounts are applied, the the average yearly reduction on insurance for Uber drivers is % or $.

State Farm, Progressive, Allstate, or Geico: Who is best?

When comparing car insurance for Uber vehicles, the companies that insure more vehicles than anyone else are State Farm, Progressive, Allstate, and Geico. If you put them all together, they insure about half of all policies written. Each company has different features and discounts that may influence which company you choose. The next table shows price and claims rank as well as some different options shoppers can expect to find with each one.