How Much is Car Insurance for Uber Drivers in Chula Vista?

I’m sure you’ve seen the catchy advertisements from car insurance companies like Progressive and GEICO that say if you switch you’ll get huge savings, so drivers just need to pick the company with the cutest commercial, right?

Unfortunately, it’s just not that easy, as there are a ton of unknown aspects such as whether you are male or female, if you own a home, your date of birth, and the crash test ratings of your vehicle, that all impact the cost of your policy. The content below covers the best ways to find cheap auto insurance and educate you enough to have a good start to your coverage search.

The type of vehicle needing coverage is probably the most important factor when comparing quotes for the most economical coverage for Uber drivers. Vehicles with lower acceleration and performance, a great safety record, or low incidents of liability claims will cost substantially less to insure than fast, unsafe models. The information below ranks auto insurance rates for a number of the most cost-effective automobiles to buy coverage for.

Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rates do not factor in your specific Chula Vista, CA location which can revise auto insurance rates significantly.

Looking at the numbers, we can assume that models like the Honda Accord, Dodge Grand Caravan, Ford Escape, and Honda CR-V are most likely to be the less-costly vehicles to insure for Uber vehicles.

For Uber vehicles, one of the largest criteria that are looked at to help calculate the annual cost of car insurance is your zip code. Areas with more people or more claims are more likely to pay higher prices, whereas less populated areas tend to receive cheaper rates.

The following table rates the most expensive areas in California for Uber drivers to buy auto insurance in. Chula Vista is listed at #24 having an annual price of $1,350 for the average policyholder, which is approximately $113 each month.

Rate quotes are comparative as zip code location can modify premiums considerably.

Finding out which companies offer the best auto insurance rates for Uber drivers will require a little more sweat than just quoting one company’s rates. Each company has a unique approach for setting prices, so we’ll go over the auto insurance companies that tend to have lower prices in Chula Vista.

Cheapest Insurance Rates for Your Uber Vehicle

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USAA quotes some of the best car insurance rates in Chula Vista at around $1,143 per year. Wawanesa, CSAA, Century National, and Nationwide would also make the list of some of the cheaper Chula Vista, CA car insurance companies.

In the rate table above, if you buy coverage from Century National and switched to Wawanesa, you might achieve savings of in the neighborhood of $57. Drivers with Nationwide may save as much as $106 a year, and 21st Century customers might see rate reductions of $222 a year.

Remember that these policy rates are averages for all ages of drivers and types of vehicles and and are not calculated with a specific zip code for Uber drivers. So the insurer that can offer you the best price may not even be in the top 24 companies shown above. That points out the importance of why you need to get quotes using your own individual information.

Should you buy full coverage?

Lowering the price of auto insurance is important to the majority of drivers, and one of the fastest ways to find cheap insurance for Uber drivers is to only pay for liability coverage. The chart below visualizes the comparison of auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or violations, $1,000 deductibles, drivers are single, and no discounts are applied.

As an overall average, physical damage coverage costs $1,849 per year more than insuring for liability only. Many drivers may wonder if paying for full coverage is a waste of money. There is no definitive rule to stop buying comp and collision coverage, but there is a general guideline. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain 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 consider dropping full coverage.

The illustration below highlights how deductible choice can impact insurance costs when researching cheap insurance for Uber drivers. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

A 30-year-old driver could lower their policy premium by $410 a year by increasing from a $100 deductible to a $500 deductible, or save $616 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 category, could shave $1,190 or even more just by choosing larger deductibles.

When increasing deductibles, it’s a good idea to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Ratings for California auto insurance companies

Choosing the highest-rated insurance company can be rather challenging considering how many companies there are to choose from in Chula Vista. The information in the next section can help you choose which providers you want to consider when looking for cheaper rates. These ratings are only comprised of large, nationwide insurance companies, so companies that focus mainly on California business are not factored into this list.

Top 10 Major Car Insurance Companies in Chula Vista Ranked by A.M. Best Rating

1. USAA – A++
2. Travelers – A++
3. State Farm – A++
4. GEICO – A++
5. Esurance – A+
6. Nationwide – A+
7. Allstate – A+
8. Mercury Insurance – A+
9. Progressive – A+
10. Titan Insurance – A+

Top 10 Major Car Insurance Companies in Chula Vista Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. AAA of Southern California
5. Titan Insurance
6. The General
7. AAA Insurance
8. State Farm
9. Mercury Insurance
10. Nationwide

Why you should be shopping around

Chula Vista auto insurance rates are impacted by many factors which can substantially decrease or increase the cost of your policy. Simply turning a year older, having a teen driver, or getting into an accident can produce rate changes resulting in some rates now being cheaper than before.

And not only may your rating factors change, but companies modify pricing multiple times each year to reflect underwriting profits or losses. Higher than normal claims can cause higher rates, while lower claim expenses can result in lower-cost Chula Vista car insurance rates.

To illustrate this example, the graph below shows the company with the cheapest car insurance in Chula Vista, CA for a 35-year-old female driver with no prior accidents, a clean driving record, and a high credit rating. If we estimate rates based on her current rating profile, USAA offers the cheapest car insurance rates in Chula Vista at $1,115 per year. This is $536 less than the average rate paid by California drivers of $1,651. CSAA, Wawanesa, Century National, and Nationwide are the rest of the most affordable Chula Vista, CA auto insurance companies.

Now let’s give the driver in the first chart some claims, a lower credit rating, and a traffic citation. Since each insurance company has a proprietary method for establishing rates, comparing rates may result in a substantially altered list of the cheapest Chula Vista car insurance companies as shown below.

Grange now has the lowest car insurance rate in Chula Vista, CA with Mercury, GEICO, Allstate, and Allied completing the list. This demonstrates why it is critical to compare many different companies when trying to get cheap insurance rates for Uber drivers. Auto insurance prices consist of many factors and change substantially, so the cheapest option the last time you shopped your coverage around may now be one of the more expensive options.