The words “cheap” and “insurance” really don’t belong together, especially when you are looking for the lowest insurance prices for Uber drivers. Because it’s so expensive, let’s lead off by showing you some of the factors the can have a considerable influence on auto insurance prices, and find out if you can take a little off the next policy you buy.
For Uber vehicles, one of the more important factors that are looked at to determine auto insurance rates is where your car is garaged in Anchorage. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas areas that tend to be more rural benefit from having to pay less for coverage.
The information below lists the highest-priced places in Alaska for Uber drivers in which to buy car insurance. Anchorage comes in at #1 with the yearly price of $1,295 for the average insured, which is approximately $108 each month.
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Rate information is approximated as the vehicle garaging location can impact premiums substantially.
The make and model of vehicle to be insured is probably the biggest factor when trying to find low-priced insurance for Uber drivers. Vehicles with average performance, a great safety record, or a low likelihood of liability claims will cost significantly less to insure than higher performance models.
The table below outlines car insurance premiums for a number of the most economical automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,453|
|Honda CR-V EX 2WD||$1,629|
|Chevrolet Impala LT||$1,677|
|Jeep Grand Cherokee Laredo 4WD||$1,683|
|Honda Accord LX-P 4-Dr Sedan||$1,739|
|Toyota Corolla LE||$1,767|
|Hyundai Elantra GLS 4-Dr Sedan||$1,777|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,799|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,806|
|Ford Explorer XLT 2WD||$1,826|
|Dodge Ram Quad Cab SLT 4WD||$1,834|
|Ford Edge Limited 2WD||$1,888|
|Ford Focus SE 2-Dr Coupe||$1,891|
|Ford F-250 XLT Super Cab 2WD||$1,923|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,961|
|GMC Sierra 2500HD SLE Extended Cab 2WD||$2,010|
|Chevrolet Silverado 2500HD LT Extended Cab Diesel 2WD||$2,042|
|Toyota RAV4 Sport 2WD||$2,061|
|Toyota Camry LE||$2,066|
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in specific Anchorage, AK garaging location which can impact price quotes substantially.
Based upon these rates, we can infer that cars like the Ford Escape, Honda CR-V, Chevrolet Impala, and Jeep Grand Cherokee will be the most economical vehicles to insure for Uber vehicles.
Get discounts on Anchorage car insurance rates
Insurers that offer quotes for Uber drivers may additionally offer premium discounts that may potentially lower prices by 40% or more if you meet certain criteria. A list of car insurance companies and some of the premium reductions they offer are included below.
- GEICO may include discounts for emergency military deployment, seat belt use, multi-vehicle, federal employee, driver training, membership and employees, and air bags.
- SAFECO has discounts for anti-theft, safe driver, teen safety rewards, anti-lock brakes, multi-car, bundle discounts, and accident prevention training.
- State Farm includes discounts for driver’s education, anti-theft, defensive driving training, good driver, and student away at school.
- MetLife may offer discounts for good student, multi-policy, accident-free, claim-free, defensive driver, and good driver.
- 21st Century offers premium reductions for driver training, theft prevention, 55 and older, defensive driver, early bird, homeowners, and anti-lock brakes.
- Progressive offers discounts for multi-policy, multi-vehicle, good student, homeowner, online signing, continuous coverage, and online quote discount.
The information below visualizes the comparison of insurance costs with and without some available policy discounts. The premiums assume a male driver, no tickets, no at-fault accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with vehicle safety, claim-free, multiple vehicle, accident-free, homeowner, and defensive driving course discounts applied. When discounts are factored in, theamount saved on car insurance for Uber drivers is 28% or $485.
The diagram below demonstrates how choosing different deductibles can impact insurance rates when quoting cheap insurance for Uber drivers. The data assumes a married male driver, comp and collision included, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their policy premium by $188 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $286 by selecting a $1,000 deductible. Younger drivers, like the Age 20 category, could reduce their rates as much as $630 or even more by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it is necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense associated with higher deductibles.
The auto insurance agents in Anchorage shown below can probably aid you in deciding which policy is best, since lots of people like to have some advice when shopping for cheaper insurance for Uber vehicles. It can be difficult to find the best policy yourself, and a licensed agent can give comfort knowing you have sufficient coverage at claim time. To locate an agency using an interactive map, click the button below the list.
- Aurora Insurance Services – A Horace Mann Company
4450 Cordova St #120 – Anchorage, AK 99503 – (907) 563-5300
- Alaskan General Insurance
1400 W Benson Blvd # 500 – Anchorage, AK 99503 – (907) 297-4500
- Randall Moss Insurance
2960 C St #200 – Anchorage, AK 99503 – (907) 562-6224
- Alaska Service Agency
6901 Debarr Road #201 – Anchorage, AK 99504 – (907) 337-2311
How to find the cheapest insurance for Uber drivers
Lowering your rates is not difficult, and here are a few thrifty suggestions that can help Alaska drivers find cheaper coverage.
- Avoid accidents and claims
- Increase your deductibles
- Assess whether full coverage is needed
- Keep your driving record clean
- Drive a car with a high safety rating
- Higher credit scores can equal lower rates
- Shop around for cheaper prices
That last idea is extraordinarily critical, as was noted in this write-up. Insurance rates vary considerably, so don’t hesitate to buy a policy from a new company if you can save money. We understand brand loyalty, but it’s not a good idea if it’s costing you lots of hard earned cash every month. Spend a few minutes and compare rates and find cheaper car insurance for Uber drivers in Anchorage.