Who Has Cheap Auto Insurance for Uber Drivers in West Virginia?

One of the key considerations that is used to help calculate the policy price is your address in West Virginia. Areas with a lot of weather claims or more people like Elkins, Bluefield, and Pea Ridge tend to pay higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from having to pay less for coverage.

The next table ranks the most expensive areas in West Virginia for Uber drivers to buy an auto insurance policy in.

Prices are estimated as the garaging address in West Virginia can raise or lower rates greatly.

Figuring out which insurers offer the best auto insurance rates for Uber drivers requires a tad more effort in order to find the lowest price quote.

Each insurer has their own process for determining rates, so let’s take a look at the auto insurance companies that tend to have lower prices in West Virginia. It’s important that you understand West Virginia auto insurance rates are calculated based on many things which can substantially change the price you have to pay. Simply improving your credit, buying a home, or getting caught speeding may cause policy rate changes resulting in some companies being affordable when they were higher priced.

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Erie quotes some of the lowest car insurance rates in West Virginia at around $940 each year. The Hartford, State Auto, Westfield, and USAA would also make the list of some of the most economical West Virginia insurance companies.

As the example above demonstrates, if you currently have a policy with USAA and switched to The Hartford, you might see an annual premium reduction of roughly $269. West Virginia drivers with Progressive could save as much as $461 a year, and Nationwide policyholders might reduce prices by as much as $518 a year.

Bear in mind that those policy rates are averaged for all ages of drivers and types of vehicles and are not factoring in a rate decrease for Uber drivers. So the insurer that is best for you may not even be included in the above rate chart. That is why you need to compare prices as often as possible using your own individual information.

The safety and performance level of the vehicle requiring coverage is one of the largest factors when comparing cheap auto insurance for Uber drivers in West Virginia. Vehicles with economical engines, a plethora of safety features, or a track record of few liability claims will cost substantially less to insure than high performance models.

The next tables estimates coverage premiums for the most affordable vehicles to buy insurance for.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Table data does not factor in garaging location in West Virginia which can decrease or increase auto insurance rates substantially.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Prices do not factor in your specific West Virginia location which can alter coverage prices noticeably.

Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can increase or decrease coverage prices noticeably.

The example below shows how different deductible levels can change insurance rates when trying to find cheap insurance for Uber drivers. The costs are based on a married male driver, full coverage, and no other discounts are factored in.

The chart above illustrates that a 50-year-old driver could save $346 a year by changing from a $100 deductible to a $500 deductible, or save $522 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 category, could possibly save as much as $1,162 or more by using a higher deductible. If you do make the decision to raise your deductibles, it’s a good idea to have additional funds squirreled away to offset the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Full coverage versus liability only rates

Finding cheap auto insurance for Uber drivers in West Virginia should be important to most vehicle owners, and an easy way to reduce the cost of insurance is to only pay for liability coverage. The illustration below shows the comparison of insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an extra $2,055 per year more than just buying liability insurance. That is a significant amount which raises the question if paying for full coverage is worth it. There is no set rule of when to stop paying for full coverage, but there is a general guideline. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $9,000 after paying your policy deductible. If it’s costing you more than $900 a year for full coverage, then you may need to consider dropping full coverage.

Geico, Allstate, State Farm, and Progressive: Who is cheapest?

When it comes to buying auto insurance for Uber vehicles, the top insurers to get price quotes from are Geico, Allstate, State Farm, and Progressive. All four can cover your vehicle for liability and physical damage, but each one has a unique set of features, discounts, and options that add value to each policy. The following table points out ratings and policy coverage options shoppers can expect to find with each one.