Cheap Car Insurance for Uber Drivers in North Carolina

When we talk about auto insurance, the words cheap or affordable should never appear anywhere in the article to describe car insurance rates. Excuse the oxymoron, but cheap car insurance for Uber drivers is pretty hard to find. Don’t let that get you down, though, because we are going to show you how you can quote coverage that won’t break the bank.

The make and model of vehicle requiring insurance is a significant factor when shopping around for cheap auto insurance for Uber drivers. Vehicles with high performance, a lack of safety features, or a high likelihood of having liability claims will cost substantially more to insure than more economical and safe models.

The list below outlines auto insurance costs for a selection of the most budget-friendly automobiles to insure in North Carolina.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Table data does not factor in vehicle garaging location which can change coverage rates considerably.

By looking at the data, we can presume that makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Toyota Highlander, and Honda Accord are most likely to be the more affordable vehicles to insure for Uber vehicles.

When shopping for car insurance for Uber vehicles, one of the many considerations that is looked at to help calculate insurance cost is where you live in North Carolina. Regions with larger populations or more claims like Fayetteville, Charlotte, and Wilmington likely pay more, whereas areas with less congestion benefit from lower coverage costs.

The illustration below lists the most costly cities in North Carolina for Uber drivers in which to buy car insurance.

Information shown are comparative as the specific zip code location can affect coverage rates noticeably.

Comparing quotes for affordable insurance is not easy, and finding out which company offers the lowest-priced auto insurance rates for Uber drivers takes even more perseverance. Every auto insurer has a proprietary formula for setting prices, so we’ll go over the auto insurance companies with the most affordable rates in North Carolina.

It’s important to understand that North Carolina auto insurance rates are influenced by many factors which can substantially change the cost of a policy. Simply improving your credit score, becoming a homeowner, or getting a driving violation can produce rate changes that can make some companies more expensive than competitors.

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Utica National has some of the most affordable car insurance rates in North Carolina at around $655 each year. Progressive, GEICO, Liberty Mutual, and NC Farm Bureau also are some of the lowest-priced North Carolina car insurance companies.

As shown in the rates above, if you buy coverage from Progressive and switched to Utica National, you could realize a yearly price reduction of about $3. Drivers with GEICO may save as much as $65 a year, and Liberty Mutual insureds might lower prices by $73 a year.

Bear in mind that those policy rates are averaged for all insureds and vehicles and and are not calculated with a rate decrease for Uber drivers. So the car insurance company that has the lowest price for you may not even be shown in the list of companies above. That is why you need to compare rates from multiple companies using your own specific driver and vehicle information.

Impact of careless driving on North Carolina auto insurance rates

The common sense way to snag the most affordable auto insurance prices in North Carolina for Uber vehicles is to be a careful driver and avoid accidents and traffic violations. The information below demonstrates how traffic citations and at-fault claims can increase car insurance costs for different age groups. The rate quotes are based on a married male driver, full coverage, $500 deductibles, and no additional discounts are factored in.

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The data charted above shows the average cost of an auto insurance policy in North Carolina per year with no accidents and a clean driving record is $1,009. Get written up for two speeding tickets and the average cost increases to $1,384, an increase of $375 each year. Now include one accident along with the two speeding tickets and the yearly cost of auto insurance for Uber drivers goes up to an average of $1,762. That’s an increase of $753, or $63 per month, just for a couple of infractions!

Find cheap car insurance for Uber drivers in North Carolina

The list below shows some penny-pinching solutions that can help drivers buy low-cost coverage.

• Do not get into accidents
• Buy a vehicle with excellent safety ratings
• Good credit can help you save money
• Don’t have frequent claims
• Tickets and violations raise rates
• Compare rates regularly and switch companies to save money

That last piece of advice is especially necessary, as was pointed out in this piece. Coverage rates adjust often, so don’t hesitate to buy from a different company if a more affordable price is available.

Brand loyalty is great, but it’s not recommended if that loyalty results in overpaying potentially thousands of dollars a year. In less than five minutes you could shop around to find cheaper auto insurance for Uber drivers.

Who has the cheapest insurance quotes for Uber vehicles?

Drivers have a lot of different ways to comparison shop for auto insurance in North Carolina, but the most popular ways are using an exlusive agent such as Auto-Owners or State Farm, an independent insurance agent, or from a direct company like Geico or Progressive.

They all have the same end result, but shoppers should understand the differences in how they function.

Independent agents write for multiple companies and can do rate comparisons with each one. Agents of this type are not required to write business for one company and can give you more rate choices, which may provide you with more bang for your buck. If you want to switch companies, they simply switch companies in-house and you do not have to find a new agent.

An exclusive agent is contracted to a single insurance company, two popular examples being Liberty Mutual and Allstate agents. Exclusive agents normally do not have the ability to quote prices from more than a single company, so if rates are high, they cannot give you alternative choices.

If you buy direct, you do not use local agents and buy from a direct company like Esurance. Shopping direct may be preferred by consumers who do not need complex risk management and have an above average understanding of how their policy works.

So which of those three methods works best for finding cheap car insurance for Uber drivers in North Carolina? Most drivers assume that buying from a direct car insurance company results in the cheapest price because there is no agent involved, but that generally is not the case. An argument could also be made that using an independent agent can save the most money since they have access to many companies, but again, that’s not accurate. In many cases, exclusive agencies have really good rates that independents and direct companies can’t touch.

Because it’s impossible to say who has the best auto insurance rates, really the best method to find out which one is cheapest is to do a thorough rate comparison. Make the effort to get price quotes all three ways to give yourself enough choices. We compiled a list of companies with some of the cheapest online rates that you can click here to view.