For Uber vehicles, one of the big things that aid in calculating the amount you pay each year for auto insurance is where you keep your car in Boston. Larger areas tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper car insurance.
The next table ranks the most expensive areas in Massachusetts for Uber drivers in which to purchase auto insurance. Boston is listed at #7 with the annual price of $1,805 for the average policy, which is around $150 per month.
|Rank||City||Premium Per Year|
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Rate information is approximated as zip code location can influence insurance rates significantly.
The car, truck, or SUV driven is one of the biggest factors when comparing quotes for economical coverage for Uber drivers. Vehicles with limited top-end speed, a great safety record, or a track record of few liability claims will cost much less to insure than fast, unsafe models. The information below ranks car insurance rates for a handful of the more affordable automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,500|
|Honda CR-V EX-L 4WD||$1,639|
|Toyota Camry LE||$1,731|
|Chevrolet Equinox LS AWD||$1,736|
|Dodge Grand Caravan SXT||$1,764|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,769|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,794|
|Honda Odyssey LX||$1,816|
|Hyundai Elantra SE 4-Dr Sedan||$1,824|
|Jeep Grand Cherokee Limited 2WD||$1,857|
|Ford Fusion SE 4-Dr Sedan||$1,866|
|Ford F-150 STX Regular Cab 4WD||$1,860|
|Toyota RAV4 Sport 4WD||$1,900|
|Chevrolet Silverado LS Extended Cab 4WD||$1,909|
|Ford Explorer Limited 2WD||$1,936|
|Kia Optima EX||$1,982|
|Chevrolet Malibu LT||$1,996|
|Ford Focus SEL 4-Dr Sedan||$1,999|
|Toyota Corolla LE||$2,004|
|Ford Edge Sport 2WD||$2,011|
|Chevrolet Impala LTZ||$2,004|
|Dodge Ram 2500 Crew Cab ST 4WD||$2,015|
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in zip code location which can alter premium rates greatly.
Based upon the rates shown, you can conclude that models like the Ford Escape, Honda CR-V, Toyota Camry, and Chevrolet Equinox are a few of the most budget-friendly vehicles to insure for Uber vehicles.
Finding reliable, low-priced insurance is not the easiest thing to do, and determining which companies offer the lowest-priced auto insurance rates for Uber drivers involves even more shopping around. Every insurance provider uses a slightly different approach for establishing rates, so first we will examine the most affordable auto insurance companies in Boston, MA.
It’s a good idea to know that Boston auto insurance rates are based on many factors which can substantially decrease or increase the price you have to pay for coverage. This price fluctuation is why it is important to compare as many rates as possible when trying to find the cheapest auto insurance quotes for Uber drivers. Car insurance prices are influenced by many different factors and can change substantially, so the cheapest rate the last time you compared rates may now cost much more than other companies.
Lowest Insurance Price Quotes for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$807|
|8||Norfolk and Dedham||$1,046|
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State Farm normally has some of the cheapest car insurance rates in Boston at around $741 annually. This is $494 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, Commerce Group, GEICO, and OneBeacon are also some of the best Boston, MA insurance companies.
As depicted above, if you are currently insured with Commerce Group and switched to State Farm, you might realize an annual premium reduction of in the vicinity of $134. Drivers with GEICO might save as much as $135 a year, and OneBeacon insureds might lower prices by up to $135 a year.
Bear in mind that those premiums are averages for all types of insureds and vehicles and are not factoring in an exact location for Uber drivers. So the company that is best suited for you may not even be in the top 21 companies in the list above. That underscores the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
The diagram below illustrates how your deductible choice can influence yearly insurance costs when getting quotes for cheap insurance for Uber drivers. The data is based on a single male driver, full coverage, and no discounts are factored in.
The chart above illustrates that a 40-year-old driver could reduce rates by $372 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $560 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, can save as much as $1,240 or even more by selecting a higher deductible. When raising deductibles, it is necessary to have enough in a savings account to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Get discounts on Boston insurance rates
Insurers that provide coverage for Uber drivers may additionally offer rate discounts that could potentially reduce rates by as much as 35% if you are eligible. A list of companies and some of the premium reductions they offer can be read below.
- Farmers Insurance offers discounts including pay in full, electronic funds transfer, multi-car, youthful driver, and homeowner.
- Esurance may offer discounts for online shopper, emergency road assistance, defensive driver, homeowner, safety device, and claim free.
- State Farm may have discounts that include multiple autos, multiple policy, accident-free, safe vehicle, and anti-theft.
- GEICO offers discounts for multi-vehicle, good student, air bags, defensive driver, military active duty, and anti-theft.
- Allstate includes discounts for defensive driver, early signing, passive restraint, anti-lock brakes, FullPay discount, and premier plus.
The illustration below shows the comparison of yearly insurance costs with and without discounts applied to the premium. The rate quotes are based on a male driver, no violations or claims, Massachusetts state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with accident-free, claim-free, anti-theft, passive restraint, safe-driver, and defensive driving course discounts applied. When discounts are applied, the average savings per year on auto insurance for Uber drivers is 28% or $435.
Why are you paying too much for car insurance?
Massachusetts auto insurance rates are based on many factors that will increase or decrease the policy premium. Turning one year older, adding a teenager to your policy, or getting caught speeding may cause policy rate changes that may make certain companies affordable when they were higher priced. Not only may your risk profile change, but insurers file new Massachusetts car insurance rates every year in order to offset underwriting gains or losses. Heavier than normal losses may result in higher priced premiums, while profitable underwriting can produce cheaper Boston car insurance rates.
As an example, the chart below shows rates for the cheapest car insurance in Boston, MA for a 35-year-old male driver with a clear driving record, no claims, and a good credit history. If we look at prices based on his current risk profile, State Farm may offer the lowest car insurance rates in Boston at $980 per year. This is $255 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, OneBeacon, GEICO, and Commerce Group also make the list of the cheapest Boston, MA auto insurance companies.
The chart below compares rates after we give the driver from the above example a claim or two, bad credit, and a blemish on his driving record. Due to the fact that every auto insurer has their own formula to determine rates, analyzing rate quotes may now show a different list of affordable companies as shown below.
Arbella now has the cheapest price in Boston with USAA, Norfolk and Dedham, Amica, and National Grange Mutual completing the list. This example proves why it is important to perform a complete rate comparison when trying to find the cheapest auto insurance rates for Uber drivers. Rates are calculated by many different factors and change substantially, so the cheapest company when you last compared rates may now be priced much higher than other options.
Tips to find cheaper car insurance for Uber drivers
It is possible to find better rates, and here are some penny-pinching solutions that can help Boston drivers find lower-cost coverage.
- Pay lower rates with good credit
- The safer your car, the less it costs to insure
- On older vehicles, drop full coverage
- Increase deductibles to save money
- Maintain a safe distance and avoid accidents
- Do not get tickets or violations
- Keep rates low by shopping around frequently
That last tip is very significant, as we emphasized in this article. Prices charged by auto insurers adjust frequently, so don’t be hesitant to buy a different policy if a better deal can be had.
Having a favorite company is great, but is isn’t recommended if that loyalty ends up costing a small fortune year after year. Spend a few minutes and compare prices to find cheaper insurance for Uber drivers in Boston.
If you prefer to have some advice when shopping for cheaper insurance for Uber drivers, the agencies below are willing to help you decide which auto insurance policy would work best for you. To find a Boston insurance agent using an interactive map, click the button at the bottom of the list or click here to compare price quotes now.
- H. Levenbaum Insurance Agency
1534 Dorchester Ave – Dorchester, MA 02122 – (617) 825-3900
- Baltic Insurance Agency
597 E Broadway – South Boston, MA 02127 – (617) 268-6030
- K D Hicks Insurance
4 Copley Pl #120 – Boston, MA 02116 – (617) 442-1300
- Regus insurance Agency, LLC
287 Newbury St – Boston, MA 02115 – (617) 902-0011
- Boyd Insurance Agency
296 Bennington St – Boston, MA 02128 – (617) 567-5710