Finding dependable, low-cost insurance is difficult, and determining which companies quote the most affordable auto insurance rates for Uber drivers calls for even more shopping around. Each auto insurer uses a different method to determine rates, so first we will examine the auto insurance companies that tend to be cheaper in Texas.
It’s important to know that Laredo auto insurance rates are based on many factors that will increase or decrease the price you pay for coverage. This price variability is why Laredo drivers need to perform a complete rate comparison when trying to find the cheapest insurance rates for Uber drivers. Auto insurance prices are determined by many things and can change substantially, so the cheapest company the last time you shopped your coverage around may now be costing you a lot of money.
Cheap Insurance Rates for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers normally has some of the cheapest car insurance rates in Laredo at around $1,052 per year. This is $852 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the most economical Laredo, TX insurance companies.
As the rates illustrate above, if you are insured with Germania Mutual and switched to USAA, you might see savings of around $177. Customers with Esurance could save as much as $262 a year, and California Casualty policyholders might lower prices by up to $279 a year.
To find the cheapest rates for your vehicle, click here to get a free quote or visit any of the low-priced companies below.
Bear in mind that those prices are averaged across all types of insureds and vehicles and and are not figured with an exact location for Uber drivers. So the car insurance company that can offer you the best rate may not even be in the list above. That illustrates why you need to compare as many prices as possible using your own specific driver information and vehicle.
One of the more important considerations that are looked at to determine car insurance rates is your zip code. Areas with more people or higher crime rates likely pay more, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.
The table below rates the most expensive places in Texas for Uber drivers in which to buy car insurance. Laredo is ranked #4 with an annual cost of $1,851 on average, which is approximately $154 per month.
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Prices are comparative as specific Laredo zip code can affect premium rates greatly.
The car, truck, or SUV you are seeking coverage for is one of the largest considerations that determines whether or not you find cheap insurance for Uber drivers. Vehicles with reasonable performance levels, excellent safety ratings, or low incidents of liability claims will cost substantially less to insure than high performance models.
The list below showcases auto insurance costs for a selection of the most affordable vehicles to insure in Texas.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,116|
|Ford Escape XLS 4WD||$1,126|
|Honda Accord LX-P 4-Dr Sedan||$1,116|
|Honda CR-V EX-L 2WD||$1,176|
|Ford Edge SE AWD||$1,185|
|Toyota Tacoma 2WD||$1,191|
|Nissan Altima 2.5 4-Dr Sedan||$1,210|
|Dodge Grand Caravan Hero||$1,220|
|Chevrolet Impala LT||$1,210|
|Ford F-150 STX Regular Cab 2WD||$1,247|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,250|
|Toyota Camry XLE||$1,272|
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Information does not factor in specific location information which can influence rates substantially.
Looking at the rates, you can conclude that models like the Hyundai Elantra, Ford Escape, and Honda Accord will definitely be the most economical vehicles to insure for Uber vehicles.
Get discounts on Laredo auto insurance
Insurers that offer coverage for Uber drivers may additionally offer special discounts that can reduce rates by as much as 35% if you meet certain criteria. Companies and some of the premium reductions they offer include:
- GEICO policyholders can earn discounts including five-year accident-free, daytime running lights, defensive driver, air bags, emergency military deployment, driver training, and good student.
- Travelers has savings for good student, save driver, driver training, multi-policy, and early quote.
- Farm Bureau offers premium reductions for multi-policy, renewal discount, good student, driver training, and safe driver.
- Liberty Mutual offers discounts for newly retired, new move discount, teen driver discount, new vehicle discount, and multi-policy.
- American Family discounts include multi-vehicle, air bags, Steer into Savings, good student, defensive driver, early bird, and accident-free.
- Progressive may offer discounts for good student, continuous coverage, multi-policy, online signing, online quote discount, and homeowner.
The chart below shows the comparison of yearly insurance costs with and without discounts applied to the policy premium. Data assumes a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with passive restraint, accident-free, vehicle safety, defensive driving course, marriage, and safe-driver discounts applied. When discounts are applied, theamount saved on auto insurance for Uber drivers is 28% or $599.
Careless Laredo drivers pay higher rates
The recommended way to get the most affordable auto insurance prices in Texas for Uber vehicles is to drive safely and not have accidents or get tickets. The chart below shows how speeding tickets and at-fault claims can influence auto insurance costs for different categories of driver ages. The premiums assume a single female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of a car insurance policy in Texas per year with no accidents and a clean driving record is $1,867. Factor in one speeding ticket and the average cost surges to $2,115, an increase of $249 each year. Now throw in one accident along with the one speeding ticket and the yearly cost of auto insurance for Uber drivers jumps again to an average of $2,813. That’s an increase of $946, or $79 per month, just for not driving responsibly!
The Laredo auto insurance agencies shown below can answer your questions and help you decide which coverage fits your budget, since some drivers wish to have the advice of a professional agent when comparing insurance rates for Uber drivers. It can be challenging to find the cheapest car insurance policy, so getting professional guidance from a licensed agent can give comfort knowing your coverage gives you enough coverage when you need it.
To locate an agency near you, click the button following the list.
Insurance and Financial Services At Champions LLC
6019 McPherson Rd Ste 6 – Laredo, TX 78041 – (956) 717-5770
FalconSure Insurance Agency
7718 McPherson Rd #3 – Laredo, TX 78045 – (956) 794-9700
Farmers Insurance – Edgar Gonzalez
2702 Jaime Zapata Memorial Hwy #1 – Laredo, TX 78043 – (956) 284-0111
5901 McPherson Rd – Laredo, TX 78041 – (956) 723-0688
How to find the cheapest auto insurance for Uber drivers
Lowering your rates is not difficult, and here are some money-saving ideas that can help you locate lower-cost car insurance.
- Increase physical damage deductibles
- Violations and traffic tickets increase rates
- Having at-fault accidents will increase rates
- Higher credit scores can equal lower rates
- Frequent claims may make car insurance unaffordable
- Bundle home and auto and save
- Shop around for lower rates once a year
That last tip is incredibly crucial, as was affirmed in this article. Prices change constantly, so don’t be hesitant to change insurance companies if you can find a cheaper rate.
Having a favorite company is great, but is isn’t recommended if that dedication is costing a considerable chunk of change every month. Take a few minutes and shop around to find cheaper insurance for Uber drivers in Laredo.