Cheap Car Insurance Quotes for Lyft Drivers in Arizona

When writing about car insurance, the words “affordable” or “cheap” really shouldn’t be used as a descriptor for car insurance rates. It’s a simple fact that cheap car insurance for Lyft drivers just does not exist. But fear not, because we will tell you how you can get car insurance that is easier on your budget.

For Lyft vehicles, one of the largest factors that is looked at to help calculate the amount you pay for auto insurance is where your home is located in Arizona. Urban areas that are densely populated like Phoenix, Avondale, and Buckeye tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap auto insurance for Lyft drivers in Arizona.

The table below sorts the highest-priced places in Arizona for Lyft drivers to purchase auto insurance in.

Premium amounts are estimated as the specific area where the vehicle is garaged can increase or decrease insurance rates significantly.

Establishing which company offers the most affordable insurance rates for Lyft drivers will take a tad more effort in order to find the best policy.

Each company used slightly different criteria for filing rates in each state, so let’s rank the insurance companies that tend to be cheaper in Arizona.

Cheapest Insurance Rates for Your Lyft Vehicle

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The Hartford normally has some of the cheapest car insurance rates in Arizona at around $820 each year. Auto-Owners, Safeco, USAA, and Travelers would also make the list of some of the lowest-priced Arizona insurance companies.

In the above example, if you are a customer of USAA and switched to The Hartford, you might achieve yearly savings of approxmiately $271. Customers with Travelers might save as much as $299 a year, and GEICO insureds might reduce prices by as much as $311 a year.

To find out how your current rates compare, click here to start a quote or click several companies below for low rates.

Remember that these policy rates are averages for all ages of drivers and types of vehicles and and are not figured with a price discount for Lyft drivers. So the insurer that has the cheapest rates for you may not even be included in the rate chart shown above. That helps illustrate why you need to get rate quotes using your own specific driver and vehicle information.

Picking a good quality insurance provider can be rather challenging considering how many companies there are to choose from in Arizona. The ranking information shown below can help you select which car insurance providers you want to consider when comparing rate quotes. The ratings below only include large, nationwide insurance companies, so companies without a large exposure are not taken into consideration for this list.

Difference between full coverage and liability only rates

Finding cheap auto insurance for Lyft drivers in Arizona is probably important to most people, and a great way to buy cheap insurance is to not insure for full coverage. The information 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 a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied.

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As an average, physical damage insurance costs an additional $2,305 per year over liability only. Many people question when is the right time to remove full coverage. There is no definitive rule to delete physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s say your vehicle’s book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after paying your policy deductible. If you are paying more than $200 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

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

When it comes to buying car insurance, the most popular companies are State Farm, Progressive, Geico, and Allstate. The data below breaks down ratings for price, service, and claims, in additional to some of the optional coverages offered by each one.

Who has the cheapest insurance quotes for Lyft vehicles?

Drivers have a lot of different ways to buy insurance in Arizona, but the three most common methods are through a non-exclusive or independent agent, a captive (or exclusive) agency such as Allstate or Liberty Mutual, or direct either online or via phone.

They all have the same end result, but they differ slightly in how they give price quotes.

Independent insurance agencies have contracts with many companies and can compare rates with all of them. Agents of this type have the option to give you a larger rate selection, which may give you the best shot at cutting your rates. If cheaper coverage is found, you can get a different policy without having to get a different agent.

A captive or exclusive agent is usually just provide rates from a single insurance company such as Allstate or State Farm agents. This type of agents cannot quote prices from more than just one company, which does not give you the best rate comparison.

The third way to buy insurance is direct which means you skip local agents and buy from a direct company like Geico or Esurance. This option may be the best choice people who do not need advice for risk management and have an above average understanding of what coverages, limits, and deductibles they need.

Which method is best to find cheap auto insurance for Lyft drivers in Arizona? We’d like to tell you buying from a direct company yields the cheapest rates since there is no need to pay agent commissions, but that does not always hold true. We’d also like to say an independent agency is the best way since they can provide multiple quotes, but again, that’s not accurate. For the right applicant, exclusive agents have price quotes that cannot be beaten by either independent or direct companies.

Because it’s impossible to say who has the best insurance rates, really the best method to ensure you are not overpaying is to obtain price quotes and compare them. In a perfect world, youll get rate quotes from all three in order to have enough rates to compare. For a list of companies with some of the cheapest Arizona insurance rates, click here to view.