Who Has the Cheapest Austin Auto Insurance Rates for Uber Drivers?

For Uber vehicles, one of the big considerations that help determine the price you pay for insurance is where you call home. Cities with more crime and/or more people tend to pay slightly more, whereas areas that tend to be more rural benefit from having to pay less for coverage.

The next table rates the priciest cities in Texas for Uber drivers in which to buy car insurance. Austin comes in at #15 with the yearly price of $1,676 for the average insurance policy, which is around $140 each month.

How much does car insurance cost in Austin, TX?
Rank City Annual Premium
1 McAllen $1,936
2 Amarillo $1,858
3 Houston $1,853
4 Brownsville $1,851
5 Laredo $1,851
6 Dallas $1,837
7 Garland $1,796
8 Irving $1,789
9 Beaumont $1,772
10 Mesquite $1,753
11 Grand Prairie $1,740
12 Pasadena $1,740
13 San Antonio $1,739
14 Lubbock $1,682
15 Austin $1,676
16 Fort Worth $1,670
17 Arlington $1,642
18 McKinney $1,609
19 Carrollton $1,598
20 Corpus Christi $1,588
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Premium costs are comparative as the specific garaging location can influence premium rates significantly.

Figuring out which companies have the cheapest insurance rates for Uber drivers will involve a little more effort than just comparing a company or two. Every auto insurer uses their own method to set policy rates, so let’s take a look at the most competitive insurance companies in Austin.

Best Auto Insurance Prices for Your Uber Vehicle

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Cheapest auto insurance in Texas ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,084
3 Texas Farm Bureau $1,247
4 Germania Mutual $1,256
5 California Casualty $1,396
6 Esurance $1,421
7 Mercury $1,461
8 State Farm $1,495
9 Nationwide $1,585
10 Safe Auto $1,597
11 Allstate $1,650
12 Progressive $1,715
13 Amica $1,723
14 GEICO $2,072
15 Home State $2,155
16 MetLife $2,183
17 Encompass $2,232
18 Unitrin $2,333
19 21st Century $2,396
20 Titan $2,672
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Travelers may offer some of the best car insurance rates in Austin at around $1,041 per year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the more affordable Austin, TX insurance companies.

In this example, if you buy coverage from Germania Mutual and switched to Travelers, you might realize yearly savings of upwards of $215. Drivers with California Casualty may save as much as $355 a year, and Esurance customers might see rate reductions of $380 a year.

Bear in mind that those premiums are averages across all types of insureds and vehicles and and are not calculated with an exact location for Uber drivers. So the company that fits your age and vehicle best may not even be in the top 23 companies in the list above. That point stresses why you need to get car insurance quotes using your own driver and vehicle profiles.

The type of vehicle needing coverage is one of the largest factors when comparing quotes for the most affordable auto insurance for Uber drivers. Vehicles with high performance, poor safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models.

The next table illustrates coverage prices for a handful of the most budget-friendly vehicles to buy coverage for.

Cheapest Vehicles to Insure in Austin, TX
Vehicle Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $951
Ford Focus SE 4-Dr Sedan $1,102
Honda CR-V EX-L 2WD $1,113
Toyota RAV4 Limited 4WD $1,124
Dodge Grand Caravan SXT $1,146
Toyota Camry SE $1,184
Ford Escape Limited 2WD $1,195
Toyota Prius $1,204
Chevrolet Equinox LTZ AWD $1,206
Ford Fusion SE 4-Dr Sedan $1,212
Jeep Grand Cherokee SRT-8 4WD $1,206
Jeep Wrangler Unlimited Rubicon 4WD 4-Dr $1,243
Honda Accord EX-L 4-Dr Sedan $1,268
Honda Odyssey LX $1,279
GMC Sierra SLT Crew Cab 4WD $1,283
Chevrolet Silverado 2500HD LT Crew Cab Diesel 4WD $1,288
Chevrolet Malibu LS $1,288
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in zip code location which can impact coverage rates considerably.

Based upon the table data, you can assume that models like the Hyundai Elantra, Ford Focus, Honda CR-V, Toyota RAV4, and Dodge Grand Caravan will definitely be some of the most budget-friendly vehicles to insure for Uber vehicles.

Get discounts on Austin insurance

Cheaper Austin, TX insurance for Uber vehiclesInsurance companies that offer coverage for Uber drivers may also provide rate discounts that could potentially reduce rates by as much as 40% or more if you meet certain criteria. Larger insurance companies and their offered discounts are included below.

The diagram below compares auto insurance rates with and without discounts applied to the premium. The costs are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, homeowner, multiple policy, claim-free, vehicle safety, and defensive driving course discounts applied. When these discounts are applied, theaverage yearly reduction on insurance for Uber drivers is 28% or $756.

Buying coverage from a high-quality company is hard considering how many choices there are in Texas. The company ratings in the lists below could help you select which insurers you want to consider purchasing coverage from.

The rankings below include companies that insure vehicles across America, so smaller companies will not be included in this list. If you’d like to compare prices from these top-rated insurers and more, follow this link.

Top 10 Major Auto Insurance Providers Overall in Austin

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Major Auto Insurance Providers in Austin Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Full coverage rates vs. liability-only

Reducing premiums for insurance is important to the majority of people, and one of the easiest ways to find cheap insurance for Uber drivers is to only pay for liability coverage. The example below shows the comparison of car insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on no accidents or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.

Averaged out for all age groups, full coverage costs $2,393 per year over and above liability only. That is a big expense that brings up the question if full coverage is worth the money. There is no clear-cut formula for eliminating comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your vehicle’s claim settlement value is $10,500 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $9,500 after the deductible is paid. If you are paying in excess of $950 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

The Austin, TX, insurance agents below can help you make a decision which insurance coverage will be best for you, since many people would rather have some professional guidance when shopping around for cheaper insurance for Uber vehicles. It can be time-consuming to find the cheapest rate yourself, so using a licensed agent can give peace of mind knowing you have sufficient coverage for your assets. To locate an Austin insurance agent in your neighborhood, click the button at the bottom or click here to compare price quotes now.

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