One of the more important components that determine the amount you pay each year for auto insurance is your address in Buffalo. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.
The table below rates the most costly cities in New York for Uber drivers to purchase a policy in. Buffalo ranks #13 with the annual price of $1,503 for the average policyholder, which is around $125 each month.
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Annual rates are comparative as specific Buffalo garaging address can decrease or increase premiums substantially.
The type of vehicle you are seeking coverage for is one of the biggest factors when comparison shopping for the cheapest insurance for Uber drivers. Vehicles with limited top-end speed, excellent safety ratings, or a low likelihood of having liability claims will cost significantly less to insure than adrenaline junky models.
The next list illustrates insurance premiums for the cheapest vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford F-150 XL Crew Cab 2WD||$2,362|
|Honda Accord LX-P 4-Dr Sedan||$2,411|
|Honda CR-V LX 4WD||$2,421|
|Chevrolet Impala LS||$2,441|
|Ford Explorer Limited AWD||$2,539|
|Hyundai Elantra GLS Touring Station Wagon||$2,585|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$2,674|
|Nissan Rogue S 2WD||$2,671|
|Dodge Grand Caravan CV||$2,704|
|Ford Edge SEL AWD||$2,803|
|Ford Escape Limited 4WD||$2,809|
|Toyota Camry LE||$2,856|
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Price estimates do not factor in specific location information which can increase or decrease insurance rates significantly.
Looking at the numbers, you can presume that models like the Ford F-150, Honda Accord, Honda CR-V, Chevrolet Impala, and Ford Explorer will definitely be a few of the most economical vehicles to insure for Uber vehicles.
Locating cost effective insurance is hard enough, and determining which company has the lowest-priced car insurance rates for Uber drivers will involve even more work.
Each auto insurance company uses different criteria for determining prices, so let’s begin by examining the car insurance companies with the overall cheapest rates in New York. It’s a good idea to be aware that Buffalo, NY car insurance rates are based on many factors that can increase the price you pay for coverage. This price variation is why consumers need to take the time to do a thorough rate comparison when trying to get the best insurance quotes for Uber drivers. Auto insurance prices are made up of many things and can increase or decrease at any time, so the lowest-price company two years ago may now be one of the higher cost companies.
Best Insurance Companies for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|10||New York Central Mutual||$1,836|
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USAA may offer some of the most affordable car insurance rates in Buffalo at around $1,199 a year. This is $876 less than the average premium paid by New York drivers of $2,075. Erie, Progressive, Travelers, and Utica National would also be considered some of the cheaper Buffalo, NY insurance companies.
As the example above demonstrates, if you have coverage with Travelers and switched to Erie, you may realize an annual premium reduction of around $287. Insureds with Utica National may save as much as $307 a year, and MetLife customers might lower prices by up to $330 a year.
Remember that these policy rates are averages for all types of insureds and vehicles and are not factoring in a specific zip code for Uber drivers. So the auto insurance company that can offer you the lowest price may not even be in the top 20 companies shown above. That emphasizes why you need to quote rates from many companies using your own specific driver information and vehicle.
Discount Buffalo car insurance
Auto insurance companies that provide policies for Uber drivers may provide rate discounts that can lower rates by as much as 25% or more if you qualify. Companies and their possible discounts are outlined below.
- Farmers Insurance may offer discounts for youthful driver, teen driver, mature driver, multi-car, bundle discounts, distant student, and alternative fuel.
- State Farm offers discounts for multiple autos, student away at school, passive restraint, Drive Safe & Save, and driver’s education.
- Liberty Mutual policyholders can earn discounts including newly married, safety features, new vehicle discount, teen driver discount, multi-policy, and new move discount.
- MetLife has savings for accident-free, multi-policy, good driver, defensive driver, claim-free, good student
- Progressive offers premium reductions for homeowner, online signing, online quote discount, good student, multi-vehicle, and continuous coverage.
The chart below shows the comparison of auto insurance costs with and without discounts. The premiums are based on a female driver, no tickets, no at-fault accidents, New York state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with defensive driving course, safe-driver, claim-free, accident-free, multiple vehicle, and multiple policy discounts applied. When taking advantage of discounts, theaverage yearly reduction on car insurance for Uber drivers is 28% or $443.
Cautious Buffalo drivers save money
In a perfect world, the ideal way to obtain the cheapest car insurance premiums for Uber vehicles is to drive safe and avoid getting tickets or having accidents. The information below shows how traffic citations and at-fault claims can affect insurance costs for different ages of insureds. The rate quotes are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of a car insurance policy in New York per year with no accidents or violations is $1,451. Factor in two speeding tickets and the average cost surges to $2,009, an increase of $558 each year. Now add two accidents along with the two speeding tickets and the yearly cost of car insurance for Uber drivers goes up to an average of $3,900. That’s an increase of $2,449, or $204 per month, just for not being attentive to the road!
The information below demonstrates how deductibles can increase or decrease insurance costs when searching for cheap insurance for Uber drivers. Data assumes a married female driver, full physical damage coverage, and no discounts are taken into consideration.
The chart above illustrates that a 30-year-old driver could save $284 a year by increasing from a $100 deductible to a $500 deductible, or save $428 by choosing a $1,000 deductible. Younger drivers, like the Age 20 chart data, could possibly save $606 each year by choosing a higher deductible. When choosing a higher deductible, it is important to have enough spare savings to satisfy the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
If you aren’t sure which coverage to buy and prefer to have a little guidance when shopping for the best coverage for Uber vehicles, the agents below are willing to help you make a decision which insurance coverage will be best for you. To locate a Buffalo auto insurance agent in your neighborhood, click the button link following the list or click here to compare rates now.
Dan Schmidt – State Farm Insurance Agent
615 Elmwood Ave – Buffalo, NY 14222 – (716) 783-9460
Cielinski Richard Insurance Agency
2916 William St – Buffalo, NY 14227 – (716) 892-5154
Jacob Hauck Agency Inc
801 Main St – Buffalo, NY 14203 – (716) 853-3820