The words “economical” and “auto insurance” really should not be used together, especially when you are shopping around for the best coverage prices for Uber drivers. To save some money, let’s go over some things that impact insurance rates, and figure out some ways to cut the cost of your next policy.
Finding reliable, cheap insurance is tough enough, and deciding which insurers offer the most affordable car insurance rates for Uber drivers will involve even more work. Every insurance provider has their own unique process for determining prices, so let’s begin by examining the most budget-friendly car insurance companies in New Orleans, LA.
Find the Cheapest Car Insurance for Your Uber Vehicle
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,578 |
| 2 | MetLife | $1,836 |
| 3 | GEICO | $1,945 |
| 4 | Progressive | $2,005 |
| 5 | Safeway | $2,198 |
| 6 | Southern Farm Bureau | $2,248 |
| 7 | California Casualty | $2,315 |
| 8 | State Farm | $2,383 |
| 9 | Safe Auto | $2,575 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,234 |
| 12 | Liberty Mutual | $3,645 |
| Compare Rates Now Go | ||
USAA may have some of the most affordable car insurance rates in New Orleans at around $1,578 a year. MetLife, GEICO, Progressive, and Safeway are also some of the more affordable New Orleans, LA insurance companies.
As shown in the table above, if you currently have coverage with MetLife and switched to USAA, you might realize a yearly savings of around $258. Insureds with GEICO could save as much as $367 a year, and Progressive insureds might reduce rates by $427 a year.
If you want to see how much you could save, click here to start your free quote or quote rates from the companies below.
Bear in mind that those rates are averaged across all types of drivers and the different vehicles they drive and and are not figured with a specific location for Uber drivers. So the insurer that has the cheapest price for you may not even be in the top 12 companies shown above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
For Uber vehicles, one of the largest criteria that are used to help calculate insurance cost is where you choose to live in New Orleans. More populated areas will most likely pay more, whereas more rural areas get the luxury of paying less.
The information below ranks the most costly cities in Louisiana for Uber drivers to buy an auto insurance policy in. New Orleans shows up at #1 having an annual price of $2,914 for the average policyholder, which is approximately $243 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | New Orleans | $2,914 |
| 2 | Harvey | $2,589 |
| 3 | Marrero | $2,569 |
| 4 | Terrytown | $2,455 |
| 5 | Central | $2,223 |
| 6 | Kenner | $2,181 |
| 7 | Prairieville | $2,169 |
| 8 | Metairie | $2,166 |
| 9 | Baton Rouge | $2,143 |
| 10 | Shenandoah | $2,118 |
| 11 | Hammond | $2,107 |
| 12 | Alexandria | $2,054 |
| 13 | Lafayette | $1,995 |
| 14 | Monroe | $1,989 |
| 15 | Sulphur | $1,974 |
| 16 | Lake Charles | $1,974 |
| 17 | Laplace | $1,971 |
| 18 | Slidell | $1,919 |
| 19 | New Iberia | $1,852 |
| 20 | Shreveport | $1,838 |
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Prices are approximated as the garaging address in New Orleans can influence insurance rates greatly.
The make and model of vehicle needing coverage is a significant factor that determines the availability of cheaper insurance for Uber drivers. Vehicles with economical engines, a plethora of safety features, or a positive history of liability claims will cost significantly less to insure than adrenaline junky models. The information below showcases insurance prices for the most economical vehicles to insure in Louisiana.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $2,226 |
| Jeep Wrangler Sport 4WD 2-Dr | $2,310 |
| Dodge Grand Caravan SE | $2,500 |
| Ford Explorer XLT 2WD | $2,507 |
| Ford Edge SEL AWD | $2,585 |
| Chevrolet Silverado LT Extended Cab 4WD | $2,636 |
| Toyota RAV4 Limited 4WD | $2,646 |
| Chevrolet Malibu LS | $2,636 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $2,686 |
| Honda Civic LX 4-Dr Sedan | $2,724 |
| Hyundai Elantra GLS Touring Station Wagon | $2,730 |
| Ford Escape Limited 2WD | $2,795 |
| Jeep Grand Cherokee Limited 4WD | $2,825 |
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Estimates do not factor in vehicle garaging location which can impact price quotes considerably.
Looking at the numbers, you can see that models like the Honda CR-V, Jeep Wrangler, Dodge Grand Caravan, Ford Explorer, and Ford Edge will definitely be some of the most budget-friendly vehicles to insure for Uber vehicles.
Louisiana car insurance companies
Picking a good quality auto insurance company can be difficult considering how many different companies sell coverage in New Orleans. The company ratings in the next section can help you decide which car insurance companies to look at when comparing rates.
The ratings below include companies that insure vehicles nationwide, so companies that have a smaller presence are not taken into consideration for these rankings. To compare rates from the insurers below and more, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| 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 |
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Car insurance rates are higher with tickets and accidents
The easiest method to find good car insurance premiums in Louisiana for Uber vehicles is to be a cautious driver and not have accidents or get tickets. The example below demonstrates how traffic citations and at-fault claims influence insurance premiums for different insured age categories. The price estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
In the chart above, the average cost of auto insurance in New Orleans per year with no accidents and a clean driving record is $2,433. Receive one speeding ticket and the average cost increases to $2,740, an increase of $307 each year. Now add in two accidents along with the one speeding ticket and the 12-month cost of car insurance for Uber drivers jumps again to an average of $5,406. That’s an increase of $2,973, or $248 per month, just for not being more responsible behind the wheel!
Your low-price policy may be costing you money
Louisiana car insurance rates are calculated based on many things that may substantially change the price you have to pay for coverage. Turning one year older, buying another vehicle, or getting a speeding ticket can cause premium changes that may make certain companies more affordable than competitors.
Also, insurance companies modify rates every year or even multiple times each year in order to be able to pay unexpected claims. An extended period of higher than normal claims may result in higher prices, while a lower level of claims can cause lower-priced New Orleans car insurance rates.
For instance, the data below shows rates for the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with a good driving record, no prior claims, and great credit. When quoting prices based on his current risk profile, USAA may have the lowest car insurance rates in New Orleans at $2,754 per year. This is $340 more than the average policy premium paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway are also on the list of the top five cheapest New Orleans, LA auto insurance companies.
In this example, we will give the driver in the first chart a chargeable claim, a lower credit rating, and a few blemishes on his driving record. Since every car insurance company has a proprietary method to determining premium rates, analyzing rates may now result in a substantially altered list of the cheapest New Orleans car insurance companies as shown below.
Southern Farm Bureau now has the cheapest rate in New Orleans with State Farm, USAA, Safe Auto, and Progressive now rounding out the top five. This example shows why it is so important to take the time to shop around to get the best car insurance quotes for Uber drivers.
Rates are influenced by many factors and change dramatically, so the cheapest company six months ago may now be quite expensive.
Tips for finding cheaper insurance for Uber drivers
It is possible to find better rates, and here are some of the recommended money-saving ideas that can help you find lower-cost car insurance.
- Buy your auto and home insurance from the same company and save
- Do not get into accidents that are your fault
- Try to not file small claims
- Drive safely
- Buy vehicles with five-star safety ratings
- Shop around for cheaper rates regularly
That last tip is notably vital, as we pointed out in the article above. Prices charged by companies in New Orleans fluctuate considerably, so don’t be afraid to buy from a different company if a cheaper price is available.
Staying with the same car insurance company is fine, but is isn’t recommended if that inflexibility results in costing you potentially thousands of dollars a year. In just a couple of minutes you could compare prices to find cheaper insurance for Uber drivers.