Locating affordable car insurance is challenging, and figuring out which companies quote the best insurance rates for Uber drivers requires more quotes for comparison. Each insurance company has a proprietary formula for establishing rates, so we’ll go over the insurance companies with the overall best prices in Las Vegas, NV.
It’s important to know that Nevada insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. This price variability is why consumers need to shop around with many companies when trying to find the most affordable insurance rates for Uber drivers. Car insurance prices are influenced by many different factors and change dramatically, so the most economical option six months ago may now not even be in the top five.
Lowest Insurance Price Quotes for Your Uber Vehicle
Travelers may have some of the lowest car insurance rates in Las Vegas at around $939 a year. Allied, Capital, Oregon Mutual, and American Family also qualify as some of the best Las Vegas, NV auto insurance companies.
In this example, if you buy coverage from Allied and switched to Travelers, you might see an annual premium reduction of in the neighborhood of $10. Insureds with Capital may save as much as $79 a year, and Oregon Mutual policyholders might reduce prices by as much as $219 a year.
To compare your rates to other Nevada insurance companies, click here to begin a quote or visit any of the companies below.
Remember that these policy prices are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for Uber drivers. So the insurer that fits you best may not even be in the top 20 companies shown above. That’s why you need to compare prices as often as possible using your own specific driver and vehicle information.
The type of vehicle to be insured is one of the biggest factors that determines the availability of the best cheap car insurance for Uber drivers. Vehicles with more horsepower, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than safer models. The table below ranks insurance rates for some of the cheapest automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $2,549 |
| Volkswagen Jetta S 2.5 Station Wagon | $2,763 |
| Toyota Tacoma 4WD | $2,857 |
| Chevrolet Impala LS | $2,955 |
| Toyota RAV4 Sport 4WD | $3,013 |
| Chevrolet Malibu Hybrid | $3,023 |
| Chevrolet Silverado LT Crew Cab 4WD | $3,231 |
| Jeep Grand Cherokee SRT-8 4WD | $3,237 |
| Toyota Prius | $3,234 |
| Kia Optima LX | $3,238 |
| Dodge Grand Caravan CV | $3,278 |
| Dodge Ram 3500 Crew Cab ST 2WD | $3,347 |
| Ford Edge Limited 2WD | $3,394 |
| Ford Focus S 4-Dr Sedan | $3,402 |
| Ford Escape Limited 4WD | $3,405 |
| Toyota Camry Hybrid | $3,456 |
| GMC Sierra 2500HD SLT Crew Cab 2WD | $3,670 |
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in Las Vegas, NV location which can raise or lower insurance rates greatly.
By looking at the data, you can see that makes and models like the Honda CR-V, Volkswagen Jetta, and Toyota Tacoma are most likely going to be the cheaper vehicles to insure for Uber vehicles.
For Uber vehicles, one of the largest things that are used to help calculate the annual cost of car insurance is where your car is garaged in Las Vegas. Areas with high crime rates or more dense population are more likely to have higher rates, whereas less populated areas tend to receive cheaper rates.
The table below shows the most expensive areas in Nevada for Uber drivers to buy auto insurance in. Las Vegas is ranked at #5 with the annual price of $1,873 for the average policyholder, which is approximately $156 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Paradise | $2,061 |
| 3 | Spring Valley | $2,040 |
| 4 | Sunrise Manor | $2,029 |
| 5 | Las Vegas | $1,873 |
| 6 | Enterprise | $1,870 |
| 7 | North Las Vegas | $1,826 |
| 8 | Henderson | $1,749 |
| 9 | Boulder City | $1,557 |
| 10 | Mesquite | $1,351 |
| 11 | Pahrump | $1,323 |
| 12 | Reno | $1,294 |
| 13 | Sun Valley | $1,292 |
| 14 | Spanish Springs | $1,266 |
| 15 | Sparks | $1,265 |
| 16 | Carson City | $1,170 |
| 17 | Fernley | $1,149 |
| 18 | Gardnerville Ranchos | $1,138 |
| 19 | Spring Creek | $1,125 |
| 20 | Elko | $1,125 |
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Table data uses comparative as zip code location can impact rates noticeably.
Careless drivers pay higher rates
The easiest method to score the best insurance premiums for Uber vehicles is to drive safely and not receive tickets or have accidents. The example below demonstrates how traffic citations and fender-benders can raise insurance premiums for each age group. The information is based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
The chart shows that the average cost of car insurance in Nevada per year with no violations or accidents is $2,368. Get written up for one speeding ticket and the average cost jumps to $2,667, an increase of $299 each year. Then add one accident along with the one speeding ticket and the yearly cost of insurance for Uber drivers jumps again to an average of $3,523. That’s an increase of $1,155, or $96 per month, just for not being attentive to the road!
How to get discounts on Las Vegas car insurance rates
Car insurance companies that sell policies for Uber drivers may also give you policy discounts that may potentially lower prices by as much as 35% if you meet specific eligibility requirements. Larger insurance companies and a partial list of their discounts are included below.
- American Family offers discounts for early bird, Steer into Savings, bundled insurance, accident-free, air bags, and good student.
- State Farm policyholders can earn discounts including student away at school, good driver, passive restraint, defensive driving training, multiple policy, and safe vehicle.
- 21st Century has savings for teen driver, anti-lock brakes, homeowners, defensive driver, early bird, automatic seat belts, and student driver.
- Travelers may include discounts for multi-policy, home ownership, payment discounts, new car, and student away at school.
- GEICO may offer discounts for anti-lock brakes, air bags, defensive driver, driver training, multi-vehicle, military active duty, and membership and employees.
The information below shows the difference between insurance premiums with and without discounts applied. The data is based on a female driver, no violations or claims, Nevada state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with defensive driving course, accident-free, passive restraint, multiple policy, marriage, and anti-theft discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for Uber drivers is 28% or $579.
The benefit of shopping around
Las Vegas insurance rates are influenced by many factors that may substantially change your annual premium. Simply getting older, adding a teenager to your policy, or having a fender bender can produce rate changes resulting in some companies being more affordable than competitors.
Not only may your risk profile change, but insurers file new Nevada auto insurance rates as needed to adjust for unexpected claims or profits. Significantly higher claims can result in rate hikes, while a profitable period can result in cheaper Las Vegas car insurance rates.
To help illustrate this point, the chart below demonstrates which company has the cheapest car insurance in Las Vegas, NV for a 30-year-old female driver with no accidents or violations, and excellent credit. If we estimate prices based on her current risk profile, Travelers has the lowest car insurance rates in Las Vegas at $1,636 a year. This is $62 more than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are also on the list of the best Las Vegas, NV auto insurance companies.
In this example, we will give the driver from above some claims, poor credit, and a speeding ticket. Since each auto insurance company has their own formula to determine rates, analyzing rate quotes may result in a substantially altered list of affordable companies as shown below.
GEICO now has the lowest price in Las Vegas, NV with Nationwide, Safeco, USAA, and Allied also being competitive. This example demonstrates why consumers need to take the time to compare rates to get the most budget-friendly car insurance rates for Uber drivers. Insurance prices can be determined by many different factors and can change without notice, so the best price when you bought your policy may now be wasting a lot of money.
Ideas to find cheaper insurance for Uber drivers
It is possible to find better rates, and here are some of the better thrifty ideas that can help you get cheaper coverage.
- Don’t waste money on full coverage for older vehicles
- Earn discounts for being claim-free
- Increase physical damage deductibles
- Keep your driving record clean
- Being accident-free can lower rates significantly
- Compare rates and switch if you can find a better deal
The last tip in the list is particularly vital, as we emphasized in the prior article. Coverage prices fluctuate constantly, so drivers shouldn’t be reluctant to switch to a new company if you find a cheaper price. Brand loyalty is great, but it isn’t a good idea if that devotion results in you overpaying money that could be used for better things. Now is a great time to compare rates and find cheaper car insurance for Uber drivers in Las Vegas.