The car, truck, or SUV driven is one of the largest considerations that determines whether or not you can buy the most economical auto insurance for Uber drivers. Vehicles with high performance features, poor crash test ratings, or high incidents of liability claims will cost substantially more to insure than more economical and safe models. The information below illustrates car insurance rates for a number of the cheapest automobiles to buy insurance for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $2,874 |
| Honda Accord LX 4-Dr Sedan | $2,883 |
| Ford Escape XLS 4WD | $3,142 |
| Jeep Wrangler Sport 4WD 2-Dr | $3,245 |
| Honda Odyssey EX W/Rear Entertainment | $3,337 |
| Chevrolet Malibu Hybrid | $3,402 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $3,466 |
| Volkswagen Jetta S 2.5 Station Wagon | $3,512 |
| Ford Explorer XLT 4WD | $3,520 |
| Hyundai Elantra Blue 4-Dr Sedan | $3,530 |
| Ford Edge Limited AWD | $3,585 |
| Toyota Camry SE | $3,595 |
| Toyota Prius | $3,596 |
| Chevrolet Silverado LT Regular Cab | $3,646 |
| Chevrolet Equinox LTZ AWD | $3,650 |
| Ford F-150 XL Crew Cab 2WD | $3,658 |
| Ford F-350 XL Crew Cab Cabela Package 2WD | $3,715 |
| GMC Sierra SL Extended Cab 2WD | $3,726 |
| Toyota RAV4 Sport 2WD | $3,837 |
| Dodge Grand Caravan SXT | $3,921 |
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rates do not factor in vehicle garaging location which can increase or decrease coverage prices greatly.
Looking at the data, we can tell that models like the Honda CR-V, Honda Accord, Ford Escape, Jeep Wrangler, and Honda Odyssey will be some of the most budget-friendly vehicles to insure for Uber vehicles.
One of the many considerations that are used to help calculate the price you pay for insurance is where you keep your car. More populated areas tend to have more expensive auto insurance rates, whereas areas that tend to be more rural have the luxury of lower rates.
The information below rates the most expensive areas in Florida for Uber drivers to buy car insurance in. Miami ranks #2 with a yearly cost of $3,241 for the average insured, which is around $270 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami | $3,241 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,953 |
| 5 | West Palm Beach | $2,705 |
| 6 | Tampa | $2,636 |
| 7 | Hollywood | $2,604 |
| 8 | Miramar | $2,603 |
| 9 | Pompano Beach | $2,595 |
| 10 | Coral Springs | $2,549 |
| 11 | Davie | $2,548 |
| 12 | Fort Lauderdale | $2,500 |
| 13 | Pembroke Pines | $2,481 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,238 |
| 17 | Orlando | $2,069 |
| 18 | Spring Hill | $2,060 |
| 19 | Port St. Lucie | $1,994 |
| 20 | Jacksonville | $1,960 |
| 21 | Lakeland | $1,901 |
| 22 | Cape Coral | $1,841 |
| 23 | Tallahassee | $1,784 |
| 24 | Palm Bay | $1,733 |
| 25 | Gainesville | $1,680 |
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Prices are approximated as specific Miami zip code can affect prices substantially.
Types of discounts on Miami car insurance
Auto insurance companies that sell policies for Uber drivers may provide price discounts that could lower prices by as much as 40% or more if you are eligible to receive them. A list of car insurance companies and some of the discounts are:
- GEICO has discounts for military active duty, driver training, defensive driver, seat belt use, multi-vehicle, and five-year accident-free.
- SAFECO offers discounts including bundle discounts, teen safety rewards, safe driver, anti-lock brakes, and accident prevention training.
- State Farm may have discounts that include good driver, student away at school, multiple policy, Drive Safe & Save, multiple autos, and passive restraint.
- MetLife offers premium reductions for good student, accident-free, claim-free, defensive driver, good driver, multi-policy
- 21st Century has savings for student driver, automatic seat belts, good student, early bird, driver training, teen driver, and defensive driver.
- Progressive includes discounts for multi-vehicle, online signing, continuous coverage, online quote discount, multi-policy, homeowner, and good student.
The illustration below shows the difference between insurance costs with and without policy discounts. The price estimates are based on a female driver, no accidents or driving violations, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, accident-free, multiple vehicle, defensive driving course, multiple policy, and claim-free discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for Uber drivers is 28% or $785.
The illustration below shows how different deductible levels can increase or decrease insurance costs when quoting cheap insurance for Uber drivers. The rates are based on a married female driver, comp and collision included, and no discounts are applied.
The data above shows that a 30-year-old driver could lower their policy premium by $332 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $500 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could shave as much as $708 every year just by using higher deductibles. If you do decide to increase your deductibles, it will be important to have additional funds squirreled away to be able to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How to find more affordable car insurance for Uber drivers
Lowering your rates is not difficult, and here are some of the better thrifty solutions that can help Florida drivers find cheap auto insurance.
- Staying accident-free helps keep rates low
- Do not insure for full coverage
- Do not get traffic citations
- Increase deductibles to save money
- Discounts for being claim-free can be substantial
- Compare rates regularly to ensure the best deal
That final tip is extraordinarily crucial, as was emphasized in this piece. Prices charged by auto insurers in Miami can change considerably in a year, so don’t be afraid to change to a new company if a cheaper price is available.
Staying with the same company for years is fine, but it isn’t a good idea if that inflexibility results in costing you lots of money. Take a couple minutes and compare prices and find cheaper car insurance for Uber drivers.
The agents below are a good start to help you determine which coverage fits your budget, since some drivers have questions and prefer to have a little guidance when comparing insurance rates for Uber vehicles. It can be complicated to find the best policy yourself, so getting advice from a licensed agent can give satisfaction knowing your policy gives you sufficient coverage for your assets.
To locate a Miami insurance agent close to you, click the button link following the list.
- Cari Insurance Agency Inc.
12890 NW 7th Ave – Miami, FL 33168 – (305) 685-0305 - Estrella Insurance #110
1201 SW 8th St – Miami, FL 33135 – (305) 859-8558 - Leading Insurance Agency
1733 SW 22nd St – Miami, FL 33145 – (305) 857-0075 - Exclusive Insurance Agency Inc.
7175 SW 8th St #203 – Miami, FL 33144 – (305) 263-4855