Who Has the Cheapest Car Insurance for Lyft Drivers in Ohio?

Determining which company has the most affordable auto insurance rates for Lyft drivers involves more time in order to find coverage that fits your buget. Each company uses a little different formula to determine rates, so let’s take a look at the auto insurance companies that tend to be cheaper in Ohio.

Best Auto Insurance Prices for Your Lyft Vehicle

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Utica National quotes some of the lowest car insurance rates in Ohio at around $647 a year. Allied, Erie, Frankenmuth, and Travelers also make the cut as some of the cheapest Ohio insurance companies.

As shown in the rates above, if you are currently insured with Allied and switched to Utica National, you may see yearly savings of approxmiately $22. Customers with Erie might save as much as $40 a year, and Frankenmuth policyholders might realize rate reductions of up to $40 a year.

Understand that those premium estimates are averaged for all types of drivers and the different vehicles they drive and and are not figured with a rate decrease for Lyft drivers. So the car insurance company that can offer the best rates for your situation may not even be shown in the company chart above. That underscores the importance of why you need to get car insurance quotes using your own specific driver information and vehicle.

We all like different vehicles, and the type of vehicle driven is one of the biggest factors when trying to find the cheapest auto insurance for Lyft drivers in Ohio. Vehicles with higher performance, a lack of modern safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer models.

The next lists estimates car insurance rates for a selection of the cheaper vehicles to buy insurance for.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rates do not factor in specific location which can alter insurance rates significantly.

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Prices do not factor in specific garaging location which can alter premiums significantly.

Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Information does not factor in garaging location in Ohio which can change premium rates noticeably.

When buying auto insurance for Lyft vehicles, one of the key factors used to determine the price you pay for insurance is your zip code. Areas with more people or even just a higher incidence of claims like Toledo, Youngstown, and Cincinnati likely pay more, whereas areas with less traffic congestion and claims have the enjoyment of a little cheaper coverage.

The next table sorts the more expensive cities in Ohio for Lyft drivers in which to purchase auto insurance.

Prices are comparative as specific Ohio zip code can impact price quotes significantly.

The example below shows how different deductible levels can influence annual premium costs when getting quotes for cheap insurance for Lyft drivers. The rate quotes are based on a single male driver, comp and collision included, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3063,2785,2485,2203],[‘Age 30’, 1579,1451,1303,1159],[‘Age 40’, 1569,1433,1275,1129],[‘Age 50’, 1427,1303,1167,1035],[‘Age 60’, 1379,1263,1131,1003],[‘Age 70’, 1673,1537,1389,1251]]);var options = {title: ‘Impact of Deductibles on Car Insurance Prices in Ohio’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 30-year-old driver could lower their policy premium by $294 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $440 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could reduce their rates up to $860 or more by selecting a higher deductible.

When insureds make the decision to increase the deductibles on their policy, it is essential to have plenty of savings on hand to be able to cover the extra out-of-pocket expense that is associated with using high deductibles.

Get discounts on Ohio car insurance

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-lyft-drivers-oh.jpg" alt="Cheaper Ohio auto insurance for Lyft vehicles”/>Insurers that offer the cheapest auto insurance for Lyft drivers in Ohio may provide discounts that can reduce rates by as much as 35% or more if you are eligible to receive them. A list of companies and their offered discounts are included below.

The illustration below shows the difference between auto insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or driving citations, Ohio state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with anti-theft, vehicle safety, defensive driving course, claim-free, safe-driver, and homeowner discounts applied. When these discounts are applied to the policy premium, the average savings per year on auto insurance for Lyft drivers is 15% or $307.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2237,1613],[‘Age 30’, 1167,851],[‘Age 40’, 1155,843],[‘Age 50’, 1049,765],[‘Age 60’, 1013,739],[‘Age 70’, 1229,889]]);var options = {title: ‘Insurance Premium Comparison for Lyft Drivers’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

How to get the cheapest auto insurance for Lyft drivers in Ohio

The list below details some penny-pinching suggestions that can help Ohio drivers find lower-cost car insurance.

• Full coverage may not be needed on older vehicles
• Do not get into accidents
• Higher physical damage deductibles lower rates
• Violations and traffic tickets increase rates
• Good credit scores may lower your rates
• Drive safe vehicles
• Look for cheaper rates once a year by shopping around

The last item on the list is remarkably significant, as was emphasized in this piece. Coverage prices in Ohio can be changed at any time, so you should be ready to switch carriers if you can save money.

Many drivers prefer to stick with one company, but it’s not a great idea if that loyalty ends up costing lots of hard earned cash every month. In just a couple of minutes you could shop around to find cheaper car insurance for Lyft drivers.

Who has the cheapest insurance quotes for Lyft vehicles?

There are a variety of different ways to buy auto insurance in Ohio, but the most common methods are using an exclusive insurance agent such as Liberty Mutual or Allstate, a non-exclusive or independent agent, or direct either online or via phone. You can use whichever you prefer, but each is different in how they provide rate quotes.

Independent insurance agencies write business for many companies and can provide price quotes from each one. Agents of this type have the freedom to compare multiple rates, which can help you get the best shot at cutting your rates. If a cheaper rate is found, your agent can switch companies and you don’t have to switch agencies.

An exclusive agent is only able to quote rates with one insurance company such as Liberty Mutual and Allstate agents. These agents usually cannot provide prices from multiple companies, so if rates are high, they cannot give you alternative choices.

Consumers who buy auto insurance direct bypass the middleman (the agent) and instead buy buying direct from a company like Geico or Progressive. This option can be a good choice for people who do not need high amounts of coverage and have an above average understanding of how auto insurance works and possible exclusions.

Which method works best to buy the cheapest auto insurance for Lyft drivers in Ohio? We’d like to say shopping direct yields the cheapest rates because there is no agent taking a commission, but that is generally not the case. And we’d like to say buying from an independent agent saves the most money because you have more choices, but that assumption is also not accurate. In some circumstances, the exclusive agents have very competitive rates that independents and direct companies can’t touch.

Because there is so much variation in auto insurance prices, the guaranteed way to buy the cheapest policy is to get rate quotes and compare. It takes a little work, but we recommend you get quotes from all three to give yourself the best selection. For a list of companies offering online discounts in Ohio, click here to view.