The words "bargain" and "insurance" really shouldn't be used together, in particular when shopping around for the lowest insurance rates for Uber drivers. Because it's so expensive, let's teach you some of the things that help determine insurance premiums, and find a few ways to reduce the price of your next policy.
Finding dependable, affordable car insurance is tough enough, and deciding which insurers offer the cheapest auto insurance rates for Uber drivers will involve even more rate comparisons. Every car insurance company has a different process for determining prices, so we'll take a look at the auto insurance companies that tend to be cheaper in Santa Ana.
It's a good idea to be aware that Santa Ana auto insurance rates are impacted by many things which can significantly increase or decrease the cost of your policy. Simply having another birthday, buying a different vehicle, or getting a reckless driving citation can produce rate changes resulting in some rates now being cheaper than competitors.
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USAA may have some of the lowest car insurance rates in Santa Ana at around $1,155 a year. Wawanesa, CSAA, Century National, and Nationwide also make the cut as some of the lowest-priced Santa Ana, CA car insurance companies.
As the example above demonstrates, if you currently have coverage with Century National and switched to Wawanesa, you might realize a yearly savings of around $57. Drivers with Nationwide may save as much as $69 a year, and 21st Century customers might reduce rates by $222 a year.
It's important to note that these rates are averaged for all types of insureds and vehicles and do not take into consideration a specific zip code for Uber drivers. So the auto insurance company that is best for you may not even be in the top 24 companies shown above. That emphasizes why you need to get rate quotes using your own driver and vehicle profiles.
One of the more important considerations that are looked at to help calculate auto insurance rates is where you live in Santa Ana. Areas with increased crime or more people tend to have higher auto insurance costs, whereas areas with less congestion have the luxury of lower rates.
The information below sorts the most costly cities in California for Uber drivers to buy car insurance in. Santa Ana is ranked at #15 with a yearly premium of $1,497 for car insurance, which is approximately $125 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,058 |
| 3 | Sacramento | $1,720 |
| 4 | San Francisco | $1,711 |
| 5 | Oakland | $1,687 |
| 6 | San Bernardino | $1,628 |
| 7 | Long Beach | $1,626 |
| 8 | Fontana | $1,566 |
| 9 | Stockton | $1,556 |
| 10 | Garden Grove | $1,554 |
| 11 | Santa Clarita | $1,548 |
| 12 | Riverside | $1,542 |
| 13 | Moreno Valley | $1,506 |
| 14 | Modesto | $1,502 |
| 15 | Santa Ana | $1,497 |
| 16 | Anaheim | $1,474 |
| 17 | Fresno | $1,472 |
| 18 | Huntington Beach | $1,416 |
| 19 | Bakersfield | $1,394 |
| 20 | San Jose | $1,381 |
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Rate information is approximated as specific Santa Ana garaging address can increase or decrease premiums considerably.
The vehicle model driven is probably the biggest factor when comparison shopping for cheap car insurance for Uber drivers. Vehicles with lots of horsepower, poor safety ratings, or high incidents of liability claims will cost much more to insure than safer models.
The information below ranks insurance costs for a selection of the most economical vehicles to insure in California.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 4WD | $1,095 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,102 |
| Dodge Grand Caravan SE | $1,131 |
| Honda CR-V EX 2WD | $1,136 |
| Honda Civic DX 4-Dr Sedan | $1,172 |
| Toyota Camry LE | $1,195 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,217 |
| Ford Explorer XLT AWD | $1,233 |
| Toyota Prius | $1,258 |
| Chevrolet Impala LTZ | $1,260 |
| Toyota Corolla XLE | $1,265 |
| Ford Edge Limited AWD | $1,260 |
| Ford Focus SE 4-Dr Sedan | $1,281 |
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in specific location which can change insurance rates noticeably.
Based upon these rates, you can conclude that cars like the Ford Escape, Volkswagen Jetta, Dodge Grand Caravan, and Honda CR-V are most likely to be a few of the less-costly vehicles to insure for Uber vehicles.
Liability-only versus full coverage
Saving on auto insurance is important to most people, and one of the best ways to pay less for insurance for Uber drivers is to only pay for liability coverage. The information below shows the comparison of auto insurance costs with full coverage and liability only. The data assumes no accidents or driving violations, $100 deductibles, marital status is single, and no other discounts are factored in.
If averaged out across all ages, physical damage coverage on your policy costs an extra $3,385 per year over and above liability coverage. That is a significant amount which raises the question if you should buy full coverage at all. There isn't a steadfast formula that is best for determining when to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.
Get discounts on Santa Ana insurance rates
Auto insurance companies that provide coverage for Uber drivers may have discounts that could potentially reduce rates by as much as 25% or more if you meet specific eligibility requirements. A list of companies and some of their more popular discounts are detailed below.
- State Farm policyholders can earn discounts including good student, multiple autos, Drive Safe & Save, multiple policy, and good driver.
- American Family includes discounts for bundled insurance, good driver, early bird, defensive driver, mySafetyValet, air bags, and accident-free.
- AAA has savings for good driver, anti-theft, multi-car, pay-in-full, multi-policy, and good student.
- GEICO offers premium reductions for multi-policy, federal employee, seat belt use, five-year accident-free, membership and employees, multi-vehicle, and good student.
- Mercury Insurance may include discounts for multi-policy, multi-car, anti-theft, type of vehicle, good driver, low natural disaster claims, and location of vehicle.
- Farmers Insurance has discounts for distant student, multi-car, business and professional, switch companies, homeowner, good student, and alternative fuel.
- Progressive offers discounts including continuous coverage, multi-policy, multi-vehicle, good student, and homeowner.
The example below illustrates the comparison of car insurance costs with and without discounts. The rates are based on a female driver, no claims or driving violations, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple policy, defensive driving course, passive restraint, accident-free, safe-driver, and anti-theft discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for Uber drivers is 28% or $608.
The diagram below demonstrates how choosing different deductibles can raise or lower insurance costs when researching cheap insurance for Uber drivers. The premium estimates are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could reduce rates by $400 a year by switching from a $100 deductible up to a $500 deductible, or save $604 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old category, could roll back prices as much as $888 each year just by choosing higher deductibles.
When insureds make the decision to increase the deductibles on their policy, it is important to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Low rates today, overpriced tomorrow
Santa Ana, CA auto insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. Simply having a birthday, moving across town, or having a fender bender can trigger price changes that can cause some rates to be more affordable than before. Additionally, auto insurance companies file new California car insurance rates multiple times each year in order to remain profitable. An unexpected high level of claims can cause rate increases, while lower claims may produce lower-cost Santa Ana car insurance rates.
To illustrate this point, the data below compares the cheapest car insurance in Santa Ana, CA for a 30-year-old male driver with no accidents or violations, and great credit. Based on his current rating profile, USAA has the lowest car insurance rates in Santa Ana at $1,306 a year. This is $345 less than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are the remainder of the best Santa Ana, CA auto insurance companies.
Now we will give the driver in the first chart some claims, a lower credit rating, and a blemish on his driving record. Due to the fact that every insurance company uses a different method for establishing rates, comparing insurance quotes will most likely result in a different ranking of affordable Santa Ana car insurance companies as shown below.
Grange now has the cheapest insurance rate in Santa Ana with Progressive, GEICO, Mercury, and Allied now rounding out the top five. This demonstrates why it is critical to perform an extensive rate comparison to get the most budget-friendly auto insurance rates for Uber drivers.
Insurance prices can be altered by many risk factors and change substantially, so the most affordable company the last time you shopped around may now be an over-priced policy.