Cheapest Car Insurance Quotes for Lyft Drivers in Wisconsin

You have seen the ads from auto insurance companies like Liberty Mutual, Allstate, and Progressive that promise enormous savings, so you just need to choose the one with the most memorable commercial, right?

It’s not that easy, however, as there are many unknowns such as the number of years of driving experience you have, the annual mileage you drive, the amount of physical damage deductibles, and if your driving record shows any at-fault accidents, that help determine the price you have to pay. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to avoid paying too much and will give you a solid foundation to find cheaper car insurance.

The vehicle you are seeking coverage for is a significant factor when shopping for the cheapest auto insurance for Lyft drivers. Vehicles with reasonable performance levels, modern passenger safety features, or a track record of few liability claims will cost substantially less to insure than higher performance models.

The data below illustrates coverage costs for a handful of the most economical automobiles to insure in Wisconsin.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in garaging location in Wisconsin which can increase or decrease auto insurance rates significantly.

Based upon the table data, you can expect vehicles like the Honda Accord, Chevrolet Traverse, Ford F-150, and Ford Escape will definitely be some of the cheapest vehicles to insure for Lyft vehicles.

When shopping for the cheapest auto insurance for Lyft vehicles, one of the many things that is looked at to determine the price of your policy is where your home is located in Wisconsin. Urban areas that are densely populated like Wauwatosa, Racine, and West Allis will most likely have higher rates, whereas areas that tend to be more rural benefit from lower rates.

The next table ranks the priciest cities in Wisconsin for Lyft drivers to buy an auto insurance policy in.

Rate quotes are approximated as the specific Wisconsin residence address can change insurance rates greatly.

Finding out which company quotes the most affordable auto insurance rates for Lyft drivers calls for more time in order to find a policy that fits your budget. Every insurance provider has a unique formula for establishing rates, so we’ll go over the most affordable auto insurance companies in Wisconsin.

It’s important to know that Wisconsin auto insurance rates are impacted by many factors which can substantially decrease or increase the policy premium. Simply turning a year older, increasing deductibles, or getting a DUI can trigger changes in premium resulting in some companies being cheaper than others.

Cheap Insurance Rates for Your Lyft Vehicle

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USAA may offer some of the most affordable car insurance rates in Wisconsin at around $580 each year. Partners Mutual, Erie, Rockford Mutual, and Nationwide also qualify as some of the best Wisconsin car insurance companies.

As illustrated above, if you currently buy coverage from Nationwide and switched to Partners Mutual, you might see a yearly price reduction of roughly $142. Drivers with Western National might save as much as $143 a year, and Pekin Insurance policyholders might cut rates by $149 a year.

To get a fast rate comparison, click here to start your custom quote or visit any of the low-priced companies below.

Remember that these estimates are averaged for all drivers and vehicles and and are not calculated with a price discount for Lyft drivers. So the auto insurance company that has the cheapest price for you may not even be included in the list above. That emphasizes why you need to compare prices as often as possible using your own specific driver and vehicle information.

The chart below shows how different deductible levels can influence premium costs when searching for cheap insurance for Lyft drivers. The price estimates are based on a married male driver, comp and collision included, and no discounts are applied to the premium.

As shown above, a 40-year-old driver could lower their policy premium by $192 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $290 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old example, could drop their prices $640 every year just by using higher deductibles. If you do make the decision to raise your deductibles, it is important to have spare funds to be able to cover the extra out-of-pocket expense associated with higher deductibles.

How to get discounts on Wisconsin insurance rates

Insurers that offer the cheapest car insurance for Lyft drivers in Wisconsin may also provide discounts that can reduce rates by 40% or more if you meet eligibility requirements. Popular auto insurance companies and a summarized list of policyholder discounts are outlined below.

• GEICO offers premium reductions for membership and employees, military active duty, seat belt use, defensive driver, good student, anti-theft, and daytime running lights.
• MetLife offers discounts including multi-policy, accident-free, good student, good driver, defensive driver, and claim-free.
• Progressive includes discounts for online signing, multi-policy, good student, online quote discount, homeowner, and continuous coverage.
• Travelers has discounts for good student, driver training, hybrid/electric vehicle, student away at school, early quote, and new car.
• SAFECO may offer discounts for accident prevention training, multi-car, anti-lock brakes, anti-theft, safe driver, teen safe driver, and bundle discounts.
• AAA has savings for multi-policy, good student, anti-theft, multi-car, pay-in-full, good driver, and education and occupation.

The information below illustrates the difference between car insurance rates with and without discounts applied to the policy rates. The data is based on a male driver, no claims or violations, Wisconsin state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, anti-theft, accident-free, multiple policy, claim-free, and passive restraint discounts applied. When taking advantage of discounts, the the amount saved on auto insurance for Lyft drivers is 28% or $449.

Company comparison: State Farm vs Progressive vs Allstate vs Geico

When comparing car insurance for Lyft vehicles in Wisconsin, four good companies to start with are State Farm, Progressive, Allstate, and Geico. If you combine them together, they insure almost 50% of all policies written. They all have the same basic coverages, but each one has unique options and discounts that policyholders can choose from. The following table illustrates ratings for price and service, as well as some optional coverages shoppers can find with each company.