The type of vehicle driven is a large factor when shopping for cheap insurance for Uber drivers. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models. The information below showcases car insurance premiums for some of the most affordable automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,058 |
| Ford F-150 XL Super Cab 2WD | $1,162 |
| Honda CR-V EX-L 2WD | $1,188 |
| Hyundai Elantra GLS Touring Station Wagon | $1,197 |
| Dodge Grand Caravan Crew | $1,280 |
| Ford Explorer Eddie Bauer 4WD | $1,287 |
| Chevrolet Impala LTZ | $1,325 |
| Toyota Prius | $1,327 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,345 |
| Chevrolet Silverado LTZ Crew Cab 4WD | $1,348 |
| Ford Edge SEL AWD | $1,355 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,348 |
| Ford Focus SE 4-Dr Sedan | $1,383 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,406 |
| Chevrolet Equinox LS AWD | $1,413 |
| Toyota RAV4 Limited 2WD | $1,422 |
| Honda Accord EX-L 2-Dr Coupe | $1,436 |
| Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD | $1,438 |
| Toyota Tacoma Double Cab 4WD | $1,445 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,450 |
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium costs do not factor in your specific Omaha, NE location which can alter prices greatly.
Based upon the rates shown, you can see that vehicles like the Ford Escape, Ford F-150, Honda CR-V, and Hyundai Elantra are most likely to be a few of the cheapest vehicles to insure for Uber vehicles.
One of the more important considerations that determine the cost of insurance is where your car is garaged. Larger areas will most likely pay more, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.
The table below sorts the most costly cities in Nebraska for Uber drivers to purchase car insurance in. Omaha makes the list at #13 costing $1,220 for the average policyholder, which is about $102 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Scottsbluff | $1,374 |
| 2 | Gering | $1,343 |
| 3 | McCook | $1,331 |
| 4 | Lexington | $1,303 |
| 5 | Alliance | $1,300 |
| 6 | South Sioux City | $1,251 |
| 7 | North Platte | $1,250 |
| 8 | Kearney | $1,236 |
| 9 | Beatrice | $1,235 |
| 10 | Crete | $1,234 |
| 11 | Nebraska City | $1,224 |
| 12 | Blair | $1,224 |
| 13 | Omaha | $1,220 |
| 14 | Hastings | $1,182 |
| 15 | Seward | $1,179 |
| 16 | Bellevue | $1,179 |
| 17 | Fremont | $1,166 |
| 18 | York | $1,156 |
| 19 | Columbus | $1,150 |
| 20 | Norfolk | $1,147 |
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Rates are approximated as the specific zip code location can lower or raise prices significantly.
Finding good, low-cost car insurance is hard enough, and determining which company offers the best car insurance rates for Uber drivers will involve even more rate comparisons.
Each company has a different formula to set their prices, so we need to take a look at the most affordable car insurance companies in Omaha, NE.
Best Auto Insurance Prices for Your Uber Vehicle
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $812 |
| 2 | The Hartford | $847 |
| 3 | Allied | $921 |
| 4 | Auto-Owners | $923 |
| 5 | Farmers Mutual of Nebraska | $979 |
| 6 | Farm Bureau Mutual | $980 |
| 7 | Nationwide | $1,007 |
| 8 | State Farm | $1,075 |
| 9 | General Casualty | $1,081 |
| 10 | American National | $1,098 |
| 11 | USAA | $1,150 |
| 12 | MetLife | $1,280 |
| 13 | American Family | $1,296 |
| 14 | California Casualty | $1,296 |
| 15 | GEICO | $1,308 |
| 16 | Iowa Mutual | $1,334 |
| 17 | EMC | $1,354 |
| 18 | Progressive | $1,445 |
| 19 | Farmers | $1,586 |
| 20 | North Star | $1,642 |
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Safeco may have some of the best car insurance rates in Omaha at around $812 a year. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska also rank well as some of the lowest-priced Omaha, NE car insurance companies.
In the above example, if you currently have coverage with The Hartford and switched to Safeco, you might realize an annual savings of in the neighborhood of $35. Drivers with Allied might save as much as $109 a year, and Auto-Owners policyholders might see rate reductions of $111 a year.
These policy prices are averaged across all insureds and vehicles and and are not figured with a specific zip code for Uber drivers. So the insurer that can offer you the best rate may not even be in the list above. That helps illustrate why you need to compare as many prices as possible using your own specific driver information and vehicle.
Get discounts on Omaha car insurance
Insurance providers that provide coverage for Uber drivers may have special discounts that could reduce prices by as much as 30% if you meet certain criteria. A list of companies and some of the premium reductions they offer include:
- GEICO includes discounts for defensive driver, air bags, good student, emergency military deployment, and driver training.
- SAFECO discounts include bundle discounts, anti-theft, anti-lock brakes, drive less, teen safety rewards, teen safe driver, and multi-car.
- State Farm policyholders can earn discounts including Drive Safe & Save, defensive driving training, accident-free, good driver, and driver’s education.
- MetLife may offer discounts for good student, good driver, claim-free, accident-free, and multi-policy.
- 21st Century offers premium reductions for student driver, early bird, 55 and older, anti-lock brakes, and driver training.
- Progressive has discounts for homeowner, good student, continuous coverage, multi-vehicle, and online signing.
The illustration below visualizes the comparison of insurance rates with and without policy discounts. The premium estimates are based on a male driver, no claims or driving citations, Nebraska state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with multiple policy, homeowner, multiple vehicle, safe-driver, passive restraint, and accident-free discounts applied. When these discounts are applied, theamount saved on car insurance for Uber drivers is 28% or $475.
Difference between full coverage and liability only rates
Reducing the cost of car insurance is important to the majority of vehicle owners, and one of the quickest ways to buy cheaper insurance for Uber drivers is to not insure for full coverage. The information below illustrates the difference between car insurance rates with liability coverage only compared to full coverage. The data assumes no claims or driving citations, $250 deductibles, single status, and no additional discounts are factored in.
Averaged for all age groups, full coverage costs $1,579 per year more than carrying just liability coverage. At some point, almost every driver questions if it’s worth it to buy full coverage. There is no clear-cut formula of when to phase out comp and collision coverage, but there is a general convention. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
Who has the cheapest Omaha car insurance?
Omaha car insurance rates are based on many factors that control the price you have to pay for coverage. Simply getting older, moving to a new city, or getting caught speeding may generate price changes that may make certain companies much cheaper than others.
Not only may things change on your end, but car insurance companies file new rates without warning as an adjustment for underwriting gains or losses. Heavy losses may cause more expensive prices, while a profitable period can cause more affordable Omaha car insurance rates.
To illustrate this example, the bar chart below shows which companies have the cheapest car insurance in Omaha, NE for a 40-year-old female driver with a good driving record, no prior claims, and a decent credit rating. If we compare prices based on her current situation, Safeco may offer the most affordable car insurance rates in Omaha at $914 each year. This is $402 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska are the rest of the cheapest Omaha, NE auto insurance companies.
In this example, we will give the driver in the first chart a couple of claims, less-than-perfect credit, and an imperfect driving record. Since each company has a proprietary method to set policy rates, comparing quotes will most likely result in a significantly different list of the cheapest car insurance companies in Omaha as shown below.
Nationwide now has the best insurance rate in Omaha with State Farm, American National, General Casualty, and USAA now being in the top five. This example illustrates why it is critical to do a thorough rate comparison when trying to find the best car insurance rates for Uber drivers.
Auto insurance prices are made up of many different factors and change substantially, so the cheapest company the last time you shopped your coverage around may now be one of the more expensive options.