The vehicle you are trying to insure is one of the biggest factors when trying to find the best cheap coverage for Uber drivers. Vehicles with economical engines, good safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models.
The information below features coverage costs for a selection of the most budget-friendly automobiles to insure in Colorado.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,347|
|Honda Odyssey LX||$1,352|
|Ford Escape Limited 2WD||$1,380|
|Ford Explorer Eddie Bauer 2WD||$1,389|
|Honda CR-V EX-L 4WD||$1,430|
|Dodge Grand Caravan Crew||$1,485|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,497|
|Honda Civic VP 4-Dr Sedan||$1,510|
|Toyota Corolla S||$1,537|
|Kia Optima LX||$1,562|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,565|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,573|
|GMC Sierra SLE Crew Cab 2WD||$1,597|
|Toyota Tacoma Double Cab 4WD||$1,606|
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Table data does not factor in your specific Aurora, CO location which can change prices greatly.
Looking at the rates, you can presume that models like the Honda Accord, Honda Odyssey, Toyota Prius, Ford Escape, and Ford Explorer will definitely be the cheapest vehicles to insure for Uber vehicles.
Comparing quotes for cost effective insurance is difficult, and deciding which insurers offer the best insurance rates for Uber drivers requires even more work. Each auto insurer has their own unique process to set their prices, so we need to take a look at the insurance companies that tend to have lower prices in Aurora, CO.
Find the Best Cheap Insurance for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|14||Colorado Farm Bureau||$1,592|
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The Hartford quotes some of the most affordable car insurance rates in Aurora at around $859 annually. Grange, USAA, Nationwide, and Travelers also make the cut as some of the cheapest Aurora, CO auto insurance companies.
As shown in the rates above, if you buy coverage from Nationwide and switched to The Hartford, you could realize a yearly savings of approximately $262. Drivers with Travelers could save as much as $324 a year, and GEICO policyholders might reduce rates by $328 a year.
To get a fast rate comparison, click here to begin a quote or visit any of the companies below.
These premiums are averaged for all types of drivers and the different vehicles they drive and do not take into consideration an exact vehicle garaging location for Uber drivers. So the car insurance company that is best suited for you may not even be in the list above. That points out the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
Comparison of full coverage and liability-only policies
Finding the cheapest insurance is probably important to most vehicle owners, and one of the quickest ways to pay lower rates for insurance for Uber drivers is to buy liability only. The illustration below illustrates the difference between car insurance rates with full physical damage coverage and with liability coverage only. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no discounts are factored in.
If we average the cost for all age groups, comp and collision coverage costs $2,013 per year over and above liability only. That is a big expense that brings up the question if full coverage is worth the money. There is no definitive rule to drop physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.
There are some conditions where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
Aurora insurance companies
Choosing the best company can be rather challenging considering how many different companies there are to choose from in Colorado. The rank data shown below could help you decide which providers to look at comparing rates with.
The rankings below are for major nationwide insurance companies, so companies that only write business in Colorado or surrounding areas are not factored into this list. To compare prices from the insurers below and more, just click here.
Top 10 Major Auto Insurance Providers in Aurora Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- Titan Insurance – A+
- The Hartford – A+
Top 10 Major Auto Insurance Providers Overall in Aurora
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
Chances are good that you’re overpaying for Aurora car insurance
Colorado insurance rates are calculated based on many things that control the cost of having a policy. Simply turning a year older, buying a home, or getting a DUI can trigger rate changes that can now make some companies cheaper than others. Not only that, but insurance companies file new rates as often as every three months to help ensure profitability. Significantly higher losses can cause higher rates, while a profitable period can cause cheaper Aurora car insurance rates.
To illustrate this point, the data below shows the companies that have the cheapest car insurance in Aurora, CO for a 35-year-old female driver with no prior claims, no tickets, and a high credit rating. Based on her personal profile, The Hartford may offer the cheapest car insurance rates in Aurora at $1,042 each year. This is $536 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers are the remainder of the top five cheapest Aurora, CO auto insurance companies.
In this next rate comparison, we will give the driver from the above example a couple of claims, bad credit, and a speeding citation. Since each insurance company has a unique approach for setting prices, getting updated rate quotes most likely will result in a substantially altered list of companies as shown below.
Auto-Owners now has the best car insurance rate in Aurora with State Farm, American Family, Grange, and Amica also being competitive. This demonstrates why it is critical to perform a complete rate comparison to find the most economical insurance quotes for Uber drivers.
Car insurance prices can be altered by many things and can change substantially, so the most economical company three years ago may now be costing you a lot of money.
If you prefer to get help from a professional when trying to find lower insurance rates for Uber drivers, the agencies below are a good start to help you decide which insurance coverage will be best for you. To find an Aurora insurance agent close to where you live, click the button after the list.
- Allstate Insurance: Mario J Morales
14241 E 4th Ave #305 – Aurora, CO 80011 – (303) 366-6800
- Scott Underwood State Farm Insurance
15322 E Alameda Pkwy #25 – Aurora, CO 80017 – (303) 745-3174
- Allstate Insurance: Norma Contreras
4272 S Chambers Rd – Aurora, CO 80014 – (303) 699-3327
How to find low-cost auto insurance for Uber drivers
Lowering your rates is not difficult, and here are many thrifty ideas that can help Aurora drivers locate more affordable auto insurance.
- Try paying for small claims out-of-pocket
- At-fault accidents will increase rates
- Higher deductibles mean lower rates
- Pay cheaper rates with good credit scores
- Buying home and auto together can help save money
- Avoid getting tickets or violations
- Shop around for cheaper prices
That last idea is highly significant, as was pointed out in the prior article. Auto insurance prices change constantly, so don’t be hesitant to switch companies if a cheaper rate is available.
Brand loyalty is great, but we do not recommend it if that devotion results in you overpaying several hundred dollars every year. In just a couple of minutes you could compare prices to find cheaper insurance for Uber drivers in Aurora.