Finding decent, low-priced insurance is not easy, and deciding which company quotes the best auto insurance rates for Uber drivers in Colorado will involve even more rate comparisons. Each insurance company uses a different method for determining rates in each state, so let's take a look at the auto insurance companies that tend to have lower prices in Colorado.
Keep in mind that Colorado auto insurance rates are impacted by many factors that will increase or decrease the policy premium. Events like turning one year older, adding a teenager to your policy, or getting a ticket for running a stop sign may prompt premium changes that can cause some rates to be cheaper in comparison to the competition.
Best Auto Insurance Prices for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|14||Colorado Farm Bureau||$1,624|
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The Hartford normally has some of the lowest car insurance rates in Colorado at around $850 a year. This is $728 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also are some of the best Colorado auto insurance companies.
As shown in the table above, if you currently have a policy with Grange and switched to The Hartford, you might achieve yearly savings of in the vicinity of $137. Insureds with USAA might save as much as $189 a year, and Nationwide policyholders might cut rates by $259 a year.
To get a fast rate comparison, click here or feel free to get quotes from the companies below.
These premium estimates are averaged across all drivers and vehicles in Colorado and and are not figured with a price decrease for Uber drivers. So the auto insurance company that has the lowest price for you may not even be in the list above. That is why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
One of the many things that are looked at to help calculate the amount you pay for auto insurance is where you call home in Colorado. Areas with high crime rates or more dense population like Pueblo, Aurora, and Commerce City tend to pay slightly more, whereas less populated areas have the luxury of cheap car insurance rates.
The following table ranks the most expensive cities in Colorado for Uber drivers to purchase auto insurance in.
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Annual rates are estimated as specific Colorado zip code can decrease or increase premiums noticeably.
Careless driving habits raise Colorado auto insurance rates
In a perfect world, the best way to earn the most affordable auto insurance rates in Colorado for Uber vehicles is to pay attention while driving and avoid accidents and traffic violations. The information below demonstrates how traffic citations and fender-benders can drive up annual premium costs for different age groups of insureds. The premium estimates are based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
The chart shows that the average cost of car insurance in Colorado per year with no accidents and a clean driving record is $1,131. Factor in one speeding ticket and the average cost rises to $1,322, an increase of $191 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for Uber drivers in Colorado increases to an average of $3,103. That's an increase of $1,972, or $164 per month, just for being a little careless behind the wheel!
Ending up with the highest-rated auto insurance company can be challenging considering how many companies there are in Colorado. The company rank data in the lists below could help you pick which car insurance companies to look at buying from.
The rankings below include the largest auto insurers in America, so companies that have a smaller presence are not taken into consideration for these rankings. To compare rates from many more Colorado auto insurance companies, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Full coverage rates compared to liability-only
Saving money when shopping for auto insurance is the goal of most vehicle owners, and an easy way to pay lower rates for insurance for Uber drivers in Colorado is to buy only liability coverage. The example below illustrates the difference between insurance costs with and without physical damage coverage. The premium estimates are based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no discounts are applied.
On average, physical damage coverage costs an additional $2,209 per year over having just liability coverage. Many people question when is the right time to remove full coverage. There is no exact formula for dropping comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
Tips for buying the cheapest insurance for Uber drivers in Colorado
The list below details some of the better thrifty solutions that can help you locate lower-cost auto insurance.
- Do not pay for comprehensive and collision coverage on older vehicles
- Having at-fault accidents will increase rates
- Clean up your credit
- Raise deductibles
- Be a safe driver
- Vehicles with safetly features generally cost less to insure
- Keep rates low by comparing prices once a year
That last piece of advice is notably significant, as we emphasized in this write-up. Insurance prices can be modified anytime, so don't be afraid to buy a different policy if a lower price can be found.
Many consumers stick with the same company and that's fine, but it's not a great idea if that stubbornness costs you major coinage every year. Take a couple minutes and compare prices and find cheaper car insurance for Uber drivers.