It’s impossible to miss the catchy advertisements from insurers like Liberty Mutual and Progressive that make claims of dirt cheap rates. So you just need to choose one randomly, right?
It’s just not that simple, as there are a whole bunch of unknown aspects like your credit rating, where you live in Indiana, the deductible level you need, and if your vehicle is for work or personal use, that help determine the price you have to pay. In this article, we will teach you about some of these factors and should give you a good start to your coverage search.
Figuring out which company offers the cheapest car insurance rates for Uber drivers involves more work in order to find a policy that fits your budget. Each insurer has a different process to establish rates, so to begin we’ll rank the most affordable car insurance companies in Indiana.
It’s a good idea to know that Indiana car insurance rates are influenced by many factors which can substantially decrease or increase your annual premium. Turning one year older, marrying your spouse, or having a fender bender can trigger rate changes that can cause some rates to be cheaper than others.
Compare Cheap Insurance Quotes for Your Uber Vehicle
Rank | Company | Cost Per Year |
---|---|---|
1 | Travelers | $596 |
2 | USAA | $667 |
3 | Cincinnati Insurance | $678 |
4 | Erie | $705 |
5 | Indiana Farmers Mutual | $841 |
6 | Western Reserve | $864 |
7 | The Hartford | $889 |
8 | Auto-Owners | $906 |
9 | Utica National | $956 |
10 | Motorists Mutual | $956 |
11 | State Farm | $957 |
12 | Nationwide | $968 |
13 | Safeco | $973 |
14 | Hastings Mutual | $983 |
15 | Farmers | $1,033 |
16 | Westfield | $1,072 |
17 | State Auto | $1,087 |
18 | GEICO | $1,100 |
19 | Wolverine Mutual | $1,105 |
20 | Progressive | $1,106 |
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Travelers normally has some of the lowest car insurance rates in Indiana at around $596 per year. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also rank well as some of the most economical Indiana car insurance companies.
As shown in the table above, if you are insured with Erie and switched to USAA, you may see yearly savings of upwards of $38. Policyholders with Indiana Farmers Mutual may save as much as $174 a year, and Western Reserve policyholders might lower prices by $197 a year.
These premium estimates are averages for all ages of drivers and types of vehicles and and are not calculated with a price decrease for Uber drivers. So the company that fits your needs best may not even be included in the list above. That affirms the importance of why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
The make and model of vehicle to be insured is one of the biggest factors when comparing low-cost coverage for Uber drivers. Vehicles with high performance engines, poor safety features, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models.
The next list estimates insurance costs for the most cost-effective automobiles to insure.
Vehicle Insured | Estimated Cost for Full Coverage |
---|---|
Ford Escape XLT 2WD | $526 |
Honda CR-V EX-L 2WD | $613 |
Toyota RAV4 Sport 4WD | $622 |
Chevrolet Equinox LT AWD | $629 |
Volkswagen Jetta SE 2.5 Station Wagon | $628 |
Ford F-150 XLT Crew Cab 4WD | $637 |
Chevrolet Traverse LT 2WD | $640 |
Ford Edge Sport AWD | $659 |
Honda Odyssey EX-L W/Rear Entertainment | $668 |
Kia Forte LX 4-Dr Sedan | $664 |
Honda Accord EX-L 4-Dr Sedan | $670 |
Jeep Wrangler Sahara 4WD 2-Dr | $664 |
Hyundai Elantra SE Touring Station Wagon | $671 |
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can increase or decrease insurance rates greatly.
Looking at the data, we can expect cars like the Ford Escape, Honda CR-V, Toyota RAV4, Chevrolet Equinox, and Volkswagen Jetta are most likely going to be the most affordable vehicles to insure for Uber vehicles.
Buying coverage from the highest-rated auto insurance provider can be rather challenging considering how many different insurance companies sell coverage in Indiana. The rank data shown next may help you decide which companies to look at when comparing insurance rates for Uber drivers.
The ratings below only include insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure are not factored into this list. If you would like to check rates from these and other competitive companies, simply click here.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
American Family | 88 | 92 | 83 | 88% | A | 89.4 |
Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
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Data Source: Insure.com Best Car Insurance Companies
If you are shopping around for auto insurance for Uber vehicles in Indiana, the first places to look would be Progressive, Allstate, Geico, and State Farm. Combined they insure over 45% of the entire U.S. auto insurance market. Each company has slightly different coverages and options that you can choose from. The data below compares and contrasts ratings for price and service, as well as some optional coverages that are available from each company.
Progressive | Allstate | Geico | State Farm | |
---|---|---|---|---|
Price Overall | 3rd | 4th | 1st | 2nd |
Claims Handling | 4th | 1st | 3rd | 2nd |
Discounts Available | 4th | 1st | 2nd | 3rd |
Overall Satisfaction | 3rd | 2nd | 1st | 4th |
Recommend by customers | 88% | 86% | 87% | 88% |
A.M. Best financial rating | A+ | A+ | A++ | A++ |
Accident forgiveness | Yes | Yes | Yes | No |
Coverage for Uber and Lyft drivers | Yes | Yes | Yes | Yes |
Roadside assistance | Yes | Yes | Yes | Yes |
New car replacement | No | Yes | No | No |
Usage-based insurance | Yes | Yes | No | Yes |
Mechnical breakdown | Yes | No | Yes | No |
Where to buy | Online or from independent agents | Allstate-only agents | Can buy online or use a Geico agent | Can only buy from State Farm agents |
Number of agents | 30,000+ | 11,000+ | 150+ | 18,000+ |
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The list below details some of the recommended penny-pinching suggestions that can help drivers quote the cheapest auto insurance.
The last item on the list is extraordinarily necessary, as we pointed out in this write-up. Prices change frequently, so don’t be afraid to switch companies if you find a cheaper price.
Having a favorite company is great, but it’s not recommended if that inflexibility results in costing you a small fortune year after year. If you have a few minutes, now is a great time to compare rates to find cheaper insurance for Uber drivers.