Who Has Affordable Car Insurance Quotes for Lyft Drivers in Austin?

See How Much You Could Save

The vehicle that is being insured is one of the largest factors in finding the best cheap insurance for Lyft drivers. Vehicles with high performance engines, a lack of safety features, or a track record of large liability claims will cost much more to insure than more economical and safe models. The information below presents coverage premiums for the more affordable vehicles to buy insurance for.

Cheapest Vehicles to Insure in Austin, TX
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 4WD $970
Chevrolet Silverado LS Regular Cab 4WD $972
Jeep Wrangler Sport Islander Package 4WD 2-Dr $981
Ford Escape XLS 4WD $1,000
Hyundai Elantra SE Touring Station Wagon $1,057
Ford F-150 FX2 2WD $1,070
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,075
Toyota Prius $1,080
Honda Odyssey LX $1,102
GMC Sierra 2500HD SLE Regular Cab 4WD $1,125
Ford Explorer Eddie Bauer 2WD $1,129
Dodge Ram Quad Cab TRX4 Off Road 2WD $1,144
Chevrolet Equinox LS 2WD $1,150
Chevrolet Malibu LS $1,158
Nissan Altima 2.5 4-Dr Sedan $1,150
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can influence coverage prices greatly.

By looking at the data, you can figure that makes and models like the Honda CR-V, Chevrolet Silverado, and Jeep Wrangler are the cheaper vehicles to insure for Lyft vehicles.

Comparing rates for affordable car insurance is not the easiest thing to do, and determining which companies offer the lowest-priced insurance rates for Lyft drivers will involve even more rate comparisons. Every auto insurer uses a little different formula for determining rates in each state, so we'll take a look at the insurance companies that tend to have lower prices in Austin, TX.

It's important that you understand Austin insurance rates are calculated based on many things that will increase or decrease the price you pay for coverage. Things like getting older, buying a safer car, or getting a reckless driving citation may generate price changes that may make certain companies cheaper than competitors.

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Cheapest Texas car insurance ranked by price
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,128
3 Texas Farm Bureau $1,247
4 Germania Mutual $1,294
5 Esurance $1,365
6 California Casualty $1,424
7 State Farm $1,465
8 Mercury $1,476
9 Nationwide $1,585
10 Safe Auto $1,613
11 Progressive $1,698
12 Allstate $1,701
13 Amica $1,775
14 Home State $2,092
15 GEICO $2,135
16 MetLife $2,183
17 Encompass $2,232
18 Unitrin $2,264
19 21st Century $2,469
20 Titan $2,594
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Travelers may have some of the lowest car insurance rates in Austin at around $1,021 annually. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the cheaper Austin, TX auto insurance companies.

As shown in the rates above, if you have coverage with Germania Mutual and switched to Travelers, you could see an annual premium reduction of approximately $273. Insureds with Esurance might save as much as $344 a year, and California Casualty insureds might cut rates by $403 a year.

It's important to note that these policy prices are averaged for all drivers and vehicles in Texas and are not factoring in an exact location for Lyft drivers. So the insurer that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to get quotes using your own driver data and vehicle information.

Picking a highly-rated company is hard considering how many choices there are in Texas. The company information in the next section can help you analyze which car insurance companies you want to consider comparing rates from.

These ratings are for companies who write in the majority of U.S. states, so smaller companies are not included in this list. If you'd like to compare prices from these and other competitive companies, click this link.

Top Insurance Companies for Lyft Drivers in Texas
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Reckless driving habits raise Austin insurance rates

In a perfect world, the ideal way to obtain good insurance premiums for Lyft vehicles is to be a good driver and avoid traffic citations and accidents. The information below highlights how speeding tickets and at-fault accidents raise yearly insurance costs for each age group. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.

In the example above, the average cost of car insurance in Austin per year with no accidents and a clean driving record is $2,181. Get written up for one speeding ticket and the average cost increases to $2,456, an increase of $275 each year. Then add one accident along with the one speeding ticket and the 12-month cost of insurance for Lyft drivers goes up to an average of $3,232. That's an increase of $1,051, or $88 per month, just for not driving carefully!

The example below illustrates how choosing a deductible can raise or lower insurance prices when trying to find cheap insurance for Lyft drivers. The data is based on a married male driver, full coverage, and no discounts are factored in.

In the chart above, a 30-year-old driver could lower rates by $294 a year by increasing from a $100 deductible up to a $500 deductible, or save $446 by selecting a $1,000 deductible. Young drivers, like the Age 20 category, could lower their rates $884 or more by selecting a higher deductible. If you do decide to increase your deductibles, it will be necessary to have additional funds squirreled away to satisfy the extra out-of-pocket expense that is associated with using high deductibles.

How to find cheaper car insurance for Lyft drivers

Lowering your rates is not difficult, and here are a few thrifty suggestions that can help you quote cheap coverage.

That last tip is especially valuable, as we emphasized in this write-up. Insurance rates in Austin vary greatly, so don't hesitate to switch companies if a cheaper rate is available. We understand brand loyalty, but we do not recommend it if your bullheadedness ends up costing you money that could be used for better things. It takes less than five minutes to compare prices to find cheaper car insurance for Lyft drivers.