The make and model of vehicle to be insured is probably the largest consideration when comparing the best auto insurance for Uber drivers. Vehicles with limited top-end speed, a great safety record, or a low likelihood of liability claims will cost less to insure than fast, unsafe models. The table below shows coverage rates for a selection of the cheaper automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,224 |
| Chevrolet Impala LS | $1,236 |
| Honda Odyssey EX | $1,241 |
| Honda Civic DX 4-Dr Sedan | $1,236 |
| Honda CR-V LX 2WD | $1,306 |
| Toyota Corolla XLE | $1,325 |
| Ford Fusion Sport 4-Dr Sedan | $1,351 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,360 |
| Ford Explorer Eddie Bauer 2WD | $1,372 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $1,378 |
| Hyundai Sonata Limited 4-Dr Sedan | $1,445 |
| Chevrolet Equinox LT 2WD | $1,447 |
| Toyota RAV4 Limited 2WD | $1,453 |
| Toyota Prius | $1,452 |
| Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD | $1,466 |
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in Virginia Beach, VA location which can increase or decrease premium rates greatly.
Looking at the data, we can conclude that models like the Ford Escape, Chevrolet Impala, Honda Odyssey, and Honda Civic are likely to be a few of the most affordable vehicles to insure for Uber vehicles.
Shopping around for cost effective auto insurance is not the easiest thing to accomplish, and figuring out which company offers the most affordable auto insurance rates for Uber drivers calls for a little more work.
Each auto insurer uses a slightly different approach for determining rates in each state, so let’s rank the auto insurance companies with the overall cheapest rates in Virginia Beach, VA. It’s important to understand that Virginia auto insurance rates are based on many factors that will increase or decrease your annual premium. This price variation is why it is critical to do a thorough rate comparison when trying to find the most economical auto insurance quotes for Uber drivers. Auto insurance prices can be altered by many different factors and change frequently, so the cheapest option when you last compared rates may now be one of the more expensive options.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $673 |
| 2 | USAA | $716 |
| 3 | Penn National | $726 |
| 4 | Utica National | $758 |
| 5 | Cincinnati Insurance | $763 |
| 6 | The Hartford | $777 |
| 7 | Auto-Owners | $781 |
| 8 | Erie | $788 |
| 9 | Virginia Farm Bureau | $834 |
| 10 | Donegal Mutual | $852 |
| 11 | Nationwide | $963 |
| 12 | GEICO | $996 |
| 13 | ALFA | $1,018 |
| 14 | Allied | $1,022 |
| 15 | National Grange Mutual | $1,060 |
| 16 | Chubb | $1,101 |
| 17 | State Farm | $1,132 |
| 18 | Electric | $1,180 |
| 19 | Amica | $1,229 |
| 20 | California Casualty | $1,251 |
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Travelers may offer some of the lowest car insurance rates in Virginia Beach at around $673 each year. This is $485 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Utica National, and Cincinnati Insurance are also some of the cheaper Virginia Beach, VA auto insurance companies.
As the example above demonstrates, if you are insured with USAA and switched to Travelers, you may realize an annual premium reduction of roughly $43. Virginia drivers with Penn National may save as much as $53 a year, and Utica National customers might see rate reductions of $85 a year.
To find out how your current rates compare, click here to start your custom quote or visit any of the low-priced companies below.
It’s important to note that these estimates are averages for all drivers and vehicles and are not factoring in a specific zip code for Uber drivers. So the company that can offer you the lowest price may not even be in the list above. That point stresses why you need to get rate quotes from many companies using your own specific driver and vehicle information.
For Uber vehicles, one of the more important criteria that are looked at to determine insurance cost is where your car is garaged in Virginia Beach. Regions with more people or even just more weather-related claims likely pay more, whereas areas with less congestion receive better rates.
The following table lists the highest-priced areas in Virginia for Uber drivers to purchase auto insurance in. Virginia Beach makes the list at #20 with a yearly cost of $910 for the average insurance policy, which is around $76 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Burke | $1,068 |
| 2 | Alexandria | $1,047 |
| 3 | Dale City | $1,038 |
| 4 | Centreville | $1,037 |
| 5 | Lake Ridge | $1,012 |
| 6 | Richmond | $1,005 |
| 7 | Arlington | $1,003 |
| 8 | Norfolk | $1,000 |
| 9 | McLean | $995 |
| 10 | Reston | $963 |
| 11 | Hampton | $943 |
| 12 | Portsmouth | $943 |
| 13 | Danville | $940 |
| 14 | Tuckahoe | $939 |
| 15 | Newport News | $930 |
| 16 | Charlottesville | $922 |
| 17 | Leesburg | $922 |
| 18 | Ashburn | $920 |
| 19 | Suffolk | $910 |
| 20 | Virginia Beach | $910 |
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Rate information is estimated as the garaging address in Virginia Beach can raise or lower prices greatly.
Do you need full coverage?
Paying a lower price for auto insurance is probably important to the majority of people, and one of the best ways to pay lower rates for insurance for Uber drivers is to not pay for full coverage. The information below shows the difference between insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no claims or driving citations, $100 deductibles, marital status is single, and no other discounts are factored in.
If we average the cost for all age groups, comprehensive and collision coverage on your policy costs $2,017 per year more than buying just liability insurance. Many drivers will wonder if buying full coverage is worth the expense. There isn’t a written rule for eliminating physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your vehicle’s book value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $3,000 after the deductible is paid. If you are paying more than $300 a year for physical damage coverage, then it may be the right time to buy liability only.
Finding the highest-rated car insurance company can be challenging considering how many choices there are in Virginia Beach. The ranking information in the next section may help you analyze which coverage providers to look at when trying find the best insurance for Uber drivers.
These rankings are only comprised of large, nationwide insurance companies, so companies that may only write in Virginia are not included in the list. To compare prices from these and other competitive companies, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
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Data Source: Insure.com Best Car Insurance Companies
Here’s why you should compare rates often
Virginia auto insurance rates are calculated based on many things that can increase your annual premium. Getting older, moving across town, or getting caught speeding can produce rate changes resulting in some rates now being cheaper than competitors.
And not only may your rating factors change, but insurers amend pricing every year or even multiple times each year to adjust for heavy claims or excess profits. Higher than normal claim frequency or severity may cause more expensive prices, while profitable underwriting may produce lower-cost Virginia Beach car insurance rates.
The data below shows rates for the cheapest car insurance in Virginia Beach, VA for a 45-year-old female driver with a good driving record, no prior claims, and a decent credit rating. When comparing rates based on her current risk factors, Travelers has the lowest car insurance rates in Virginia Beach at $797 per year. This is $361 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and The Hartford are the rest of the best Virginia Beach, VA auto insurance companies.
In the next rate comparison, we’ll give the driver from above a claim, poor credit, and a traffic citation. Since every insurance provider has their own unique process for setting prices, analyzing rate quotes will most likely result in a different set of the cheapest Virginia Beach car insurance companies as shown below.
Utica National now has the lowest price in Virginia Beach with Auto-Owners, Virginia Farm Bureau, Donegal Mutual, and Nationwide also being competitive. This example illustrates why drivers need to spend some time comparing rates to get affordable insurance quotes for Uber drivers.
Insurance rates can be altered by many different factors and can decrease or increase without notice, so the best company the last time you checked may now be quite expensive.
Tips to find more affordable car insurance for Uber drivers
Below you’ll find some of the recommended money-saving suggestions that can help Virginia drivers locate cheaper coverage.
- Avoid filing small claims
- Increase your deductibles
- Save money by insuring older vehicles for liability only
- Maintain a clean driving record
- Drive attentively and avoid accidents
- Shop around for lower rates once a year
The last item on the list is highly necessary, as was affirmed in this piece. Insurance rates in Virginia Beach change constantly, so drivers shouldn’t be reluctant to buy a different policy if a better rate can be found.
Staying with the same car insurance company is fine, but is isn’t recommended if that loyalty results in overpaying a lot of money every month. Take a couple minutes and compare rates to find cheaper auto insurance for Uber drivers.