How Much are Car Insurance Quotes for Lyft Drivers in Missouri?

The words “affordable” and “insurance” really should not be used together, specifically when you are shopping around for the lowest insurance prices for Lyft drivers. To save some money, let’s familiarize you with a few of the factors that help determine car insurance prices, and see if we can help you cut the cost of your next policy.

The vehicle model that is being insured is probably the biggest factor in finding low-cost car insurance for Lyft drivers. Vehicles with high performance engines, a lack of modern safety features, or a track record of large liability claims will cost much more to insure than safer models.

The list below ranks auto insurance costs for the cheaper vehicles to buy coverage for.

Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Table data does not factor in zip code location which can increase or decrease coverage prices considerably.

Based upon the table data, we can expect makes and models like the Hyundai Elantra, Honda Accord, Ford Escape, Ford Explorer, and Honda Odyssey are a few of the cheaper vehicles to insure for Lyft vehicles.

Trying to find affordable insurance is not easy, and finding out which companies quote the cheapest car insurance rates for Lyft drivers takes a bit more work. Each company has a unique approach to determine rates, so let’s begin by examining the car insurance companies with the most affordable rates in Missouri.

It’s important that readers know that Missouri car insurance rates are impacted by many things that can increase the price of coverage. Getting older, having a claim, or getting a DUI may prompt premium changes resulting in some rates now being affordable when they were higher priced.

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USAA quotes some of the cheapest car insurance rates in Missouri at around $662 a year. The Hartford, Electric, Allied, and Auto-Owners also make the cut as some of the cheaper Missouri car insurance companies.

In the above example, if you buy coverage from Allied and switched to The Hartford, you could see savings of approxmiately $90. Customers with Auto-Owners could save as much as $252 a year, and Travelers customers might realize rate reductions of up to $253 a year.

Understand that those estimates are averages for all types of drivers and the different vehicles they drive and are not factoring in a price decrease for Lyft drivers. So the car insurance company that is best suited for you may not even be included in the above list. That point stresses why you need to quote rates from as many companies as possible using your own driver data and vehicle information.

Reckless driving habits raise Missouri car insurance rates

The common sense way to score cheap car insurance premiums in Missouri for Lyft vehicles is to drive carefully and avoid accidents and keep your driving record clean. The chart below demonstrates how speeding tickets and at-fault fender-benders can raise yearly insurance costs for different age categories. The information is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.

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The data above shows the average cost of auto insurance in Missouri per year with no violations or accidents is $1,310. Get two speeding tickets and the average cost hikes up to $1,811, an increase of $501 each year. Now include two accidents along with the two speeding tickets and the yearly cost of car insurance for Lyft drivers increases to an average of $3,581. That’s an increase of $2,271, or $189 per month, just for not driving safely!

The chart below demonstrates how deductibles can influence yearly insurance costs when quoting cheap insurance for Lyft drivers. Data assumes a married male driver, comp and collision included, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3043,2775,2479,2201],[‘Age 30’, 1583,1441,1283,1129],[‘Age 40’, 1519,1389,1243,1101],[‘Age 50’, 1393,1273,1141,1015],[‘Age 60’, 1371,1253,1123,999],[‘Age 70’, 1579,1451,1311,1179]]);var options = {title: ‘Effect of Higher Deductibles on Auto Insurance Cost in Missouri’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 30-year-old driver could save $276 a year by switching from a $100 deductible up to a $500 deductible, or save $418 by choosing a $1,000 deductible. Young drivers, like the 20-year-old, can cut as much as $842 or more by using a higher deductible. When choosing a higher deductible, it is necessary to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

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

When comparing auto insurance for Lyft vehicles in Missouri, four companies to consider are State Farm, Progressive, Geico, and Allstate. They all have your normal coverages like liability, comprehensive, and collision, but each one offers slightly different options that you can choose from. The table below compares price and claims rank as well as some different options you can expect with each one.