How Much are Auto Insurance Quotes for Uber Drivers in Ohio?

You have seen the ads from car insurance companies like The General, Progressive, and Nationwide that make promises of big savings, so drivers should just select the one with the best jingle, right?

It’s just not that simple, as there are a ton of unknown factors such as if you just need liability coverage, your age, and if you have maintained coverage continuously, that help determine the price you have to pay. This article should teach you a little about some of these topics and will hopefully give you a good start in finding the cheapest car insurance.

Figuring out which company quotes the lowest-priced auto insurance rates for Uber drivers may require a little more sweat than just quoting one company’s rates. Each insurance company uses their own formula to set premium rates, so let’s look at the rankings for the lowest cost auto insurance companies in Ohio.

Cheapest Insurance Rates for Your Uber Vehicle

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Utica National generally has some of the cheapest car insurance rates in Ohio at around $635 a year. Erie, Allied, Frankenmuth, and Travelers also rank well as some of the lowest-priced Ohio car insurance companies.

As the example above demonstrates, if you currently have coverage with Frankenmuth and switched to Erie, you could earn a yearly savings of upwards of $19. Customers with Travelers may save as much as $44 a year, and USAA insureds might see rate reductions of $50 a year.

These premiums are averaged for all drivers and vehicles and do not take into consideration a price decrease for Uber drivers. So the insurer that has the cheapest price for you may not even be shown in the list above. That underscores the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

For Ohio drivers, one of the things that determine the price you pay for insurance is your address. Areas with a lot of weather claims or more people like Youngstown, Toledo, and Cleveland Heights are more likely to have higher rates, whereas areas with less people or fewer weather incidents generally benefit from lower auto insurance rates.

The information below rates the more expensive cities in Ohio for Uber drivers to purchase car insurance in.

Rates are approximated as specific location information can alter rates greatly.

The vehicle you are trying to insure is probably the biggest factor when shopping around for cheap insurance for Uber drivers in Ohio. Vehicles with lots of horsepower, poor crash test ratings, or high incidents of liability claims will cost much more to insure than more economical and safe models.

The data below shows insurance rates for a selection of the cheapest automobiles to insure in Ohio.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Prices do not factor in specific location which can decrease or increase coverage rates greatly.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in specific location information which can affect premiums substantially.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Information does not factor in zip code location which can lower or raise prices significantly.

Do you need full coverage?

Finding cheap insurance for Uber drivers in Ohio is probably important to the majority of vehicle owners, and an effective way to reduce the cost of insurance is to buy only liability coverage. The illustration below illustrates the comparison of annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no violations or accidents, $500 deductibles, single status, and no additional discounts are factored in.

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If the expense is averaged for all age categories, comp and collision coverage costs $1,458 per year over and above liability only. A very common question is when is the right time to remove full coverage. There isn’t a steadfast formula to stop buying physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

There are some conditions where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.

How accidents and violations affect rates in Ohio

The common sense way to snag the cheapest auto insurance prices in Ohio for Uber vehicles is to drive attentively and maintain a clean driving record. The illustration below shows how speeding tickets and at-fault accidents influence insurance prices for each different age category. The information is based on a married female driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 1443,1605,2067],[‘Age 30’, 1015,1177,1641],[‘Age 40’, 1001,1165,1629],[‘Age 50’, 881,1041,1505],[‘Age 60’, 839,1001,1465],[‘Age 70’, 897,1063,1525]]);var options = {title: ‘Effect of Violations and Accidents on Ohio Car Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Ohio’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data above shows the average cost of an auto insurance policy in Ohio per year with no violations or accidents is $1,013. Add in one speeding ticket and the average cost increases to $1,175, an increase of $163 each year. Then add in one accident along with the one speeding ticket and the annual cost of auto insurance for Uber drivers increases to an average of $1,639. That’s an increase of $626, or $52 per month, just for not driving safely!

Cheapest car insurance: State Farm, Geico, Allstate, or Progressive

If you’re looking for the cheapest auto insurance for Uber vehicles in Ohio, the most popular companies are State Farm, Geico, Allstate, and Progressive. All of them offer liability and physical damage protection, but each on has slightly different coverage options that shoppers can choose from. The following table breaks down ratings and policy coverage options that are available.