The words "cheap" and "insurance" really shouldn't be used together, specifically when you are trying to find the best coverage prices for Uber drivers. Let's introduce you to some situations that have an effect on insurance premiums, and find out if we can help you take a little off the next policy you buy.
The type of vehicle you are seeking coverage for is one of the largest factors that determines if you can find low-cost coverage for Uber drivers. Vehicles with high performance engines, poor safety ratings, or a high likelihood of having liability claims will cost substantially more to insure than more modest models.
The information below illustrates auto insurance prices for a handful of the most budget-friendly automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,715|
|Ford Escape Limited 2WD||$1,754|
|Honda CR-V EX 2WD||$1,880|
|Ford Focus SE 4-Dr Sedan||$1,990|
|Dodge Grand Caravan Hero||$2,028|
|Chevrolet Equinox LT 2WD||$2,037|
|Toyota RAV4 4WD||$2,028|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$2,058|
|Volkswagen Jetta S 2.5 Station Wagon||$2,093|
|Ford Explorer XLT AWD||$2,099|
|Toyota Tacoma X-Runner 2WD||$2,137|
|Ford Edge Sport AWD||$2,147|
|Ford F-150 XL Crew Cab 2WD||$2,182|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$2,214|
|Chevrolet Silverado LS Extended Cab 4WD||$2,220|
|Honda Civic SI 4-Dr Sedan||$2,247|
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Information does not factor in specific zip code location which can alter rates greatly.
Looking at the rates, you can presume that vehicles like the Honda Accord, Ford Escape, Honda CR-V, Toyota Prius, and Ford Focus are going to be the most budget-friendly vehicles to insure for Uber vehicles.
Finding out which company offers the lowest-priced auto insurance rates for Uber drivers will involve more time in order to find the lowest price. Every insurance provider has their own process for determining rates, so to begin we'll rank the most affordable auto insurance companies in Newark.
We do need to point out that New Jersey auto insurance rates are calculated based on many things which can substantially decrease or increase the price you pay. Simply getting older, buying a home instead of renting, or getting a driving violation can produce rate changes that may make certain companies cheaper than competitors.
Best Cheap Insurance Rates for Your Uber Vehicle
21st Century generally has some of the lowest car insurance rates in Newark at around $1,100 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the cheapest Newark, NJ insurance companies.
As shown in the table above, if you are a customer of Penn National and switched to Travelers, you might achieve an annual savings of about $182. New Jersey drivers with Palisades could save as much as $198 a year, and California Casualty policyholders might reduce rates by $281 a year.
To compare your rates to other New Jersey insurance companies, click here to begin a quote or click through to the companies below.
It's important to note that these policy prices are averages for all drivers and vehicles and are not factoring in a specific zip code for Uber drivers. So the car insurance company that has the lowest price for you may not even be in the top 19 companies in the list above. That underscores the importance of why you need to get car insurance quotes using your own specific driver information and vehicle.
For Uber vehicles, one of the largest things that help determine car insurance rates is your address. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from lower prices.
The table below sorts the most expensive places in New Jersey for Uber drivers to buy car insurance in. Newark is ranked at #1 with a yearly cost of $2,522 for the average policyholder, which is around $210 per month.
|4||West New York||$2,456|
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Rate information is approximated as the vehicle garaging location can alter auto insurance rates considerably.
Which auto insurance company is best in New Jersey?
Picking the top car insurance provider can be rather challenging considering how many different companies there are to choose from in Newark. The company information displayed below could help you pick which coverage providers you want to consider comparing price quotes from.
The ratings below include companies with a nationwide focus, so companies that have a smaller presence are not included in this list. To compare rates and find the cheapest rates for Uber drivers, just click here.
Top 10 Major Car Insurance Companies in Newark Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- State Farm
- Farmers Insurance
Top 10 Major Car Insurance Companies in Newark Ranked by Claims Service
- Liberty Mutual
- State Farm
- 21st Century
- The Hartford
- Farmers Insurance
Types of discounts on Newark auto insurance
Insurance companies that sell policies for Uber drivers may also give you rate discounts that could potentially reduce rates by 25% or more if you are eligible to receive them. Larger auto insurance companies and some of the discounts can be found below.
- 21st Century discounts include automatic seat belts, teen driver, air bags, anti-lock brakes, homeowners, and driver training.
- Progressive offers discounts including continuous coverage, multi-policy, multi-vehicle, online signing, good student, homeowner, and online quote discount.
- State Farm has discounts for good student, Steer Clear safe driver discount, student away at school, multiple autos, accident-free, and passive restraint.
- Nationwide offers premium reductions for Farm Bureau membership, good student, accident-free, family plan, anti-theft, defensive driving, and easy pay.
- Esurance policyholders can earn discounts including homeowner, good driver, emergency road assistance, claim free, and good student.
- The Hartford has savings for bundle, anti-theft, vehicle fuel type, driver training, and defensive driver.
The chart below illustrates the comparison of premium costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no violations or claims, New Jersey state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with defensive driving course, marriage, multiple policy, safe-driver, anti-theft, and passive restraint discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for Uber drivers is 28% or $697.
Responsible drivers pay cheaper Newark auto insurance rates
The best way to snag cheap auto insurance prices in Newark for Uber vehicles is to drive safe and avoid accidents and traffic violations. The chart below shows how traffic citations and accident claims increase insurance rates for different age categories. The premiums are based on a married female driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
The chart shows that the average cost of car insurance in New Jersey per year with no accidents or violations is $1,540. Add in one speeding ticket and the average cost increases to $1,800, an increase of $260 each year. Now get one accident along with the one speeding ticket and the annual cost of auto insurance for Uber drivers increases to an average of $2,513. That's an increase of $973, or $81 per month, just for not driving responsibly!
How to find cheaper car insurance for Uber drivers
Here are many thrifty ideas that can help you find more affordable car insurance.
- Higher deductibles save money
- Pay for smaller claims out-of-pocket
- If your vehicles are older, consider dropping full coverage
- Ensure your driving record is clean
- Prevent rate increases by staying accident-free
- Compare rates regularly and switch companies to save money
That final tip is extraordinarily crucial, as was stressed in the article above. Car insurance rates adjust often, so drivers shouldn't be resistant to buy a policy from a new company if a better rate can be found.
Brand loyalty is not necessarily bad, but it's not a great idea if your bullheadedness ends up costing you money that could be going to better use. It only take a few minutes to shop around and find cheaper car insurance for Uber drivers in Newark.
If you would rather have some advice when comparing insurance rates for Uber vehicles, the professional agents shown below are a good start to provide answers to your questions and help you determine which coverage meets your needs best. To locate a Newark auto insurance agent using an interactive map, click the button at the bottom of the list or click here to compare rates now.
George H Nixon Agency
54 Grumman Ave - Newark, NJ 07112 - (973) 923-3721
Farmers Insurance - Christine Veliz
229 Bloomfield Ave - Newark, NJ 07104 - (973) 482-1975
State Farm: Greg Daniels
681 1/2 Mt Prospect Ave - Newark, NJ 07104 - (973) 484-5772
Farmers Insurance: Anthony Pugliese
217 Chestnut St - Newark, NJ 07105 - (973) 536-2060
Collection Agency BandA
744 Broad St #1903 - Newark, NJ 07102 - (862) 218-0319