Who Has the Cheapest Auto Insurance Quotes for Uber Drivers in Cincinnati?

Determining which companies have the cheapest car insurance rates for Uber drivers calls for a little more effort than just getting one or two price quotes. Every insurance provider has their own unique process to establish rates, so let’s look at the rankings for the most affordable car insurance companies in Cincinnati.

It’s important to understand that Ohio car insurance rates are impacted by many factors that can increase the price you have to pay. Turning one year older, moving across town, or getting a reckless driving citation can produce rate changes resulting in some rates now being cheaper than before.

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Rankings for the cheapest Ohio auto insurance companies
Rank Company Cost Per Year
1 Utica National $628
2 Erie $667
3 Frankenmuth $680
4 Allied $690
5 Travelers $726
6 USAA $733
7 Merchants Insurance Group $778
8 Cincinnati Insurance $779
9 General Casualty $813
10 Motorists Mutual $824
11 Grange Mutual $836
12 Central Mutual $840
13 Hastings Mutual $866
14 State Farm $885
15 Atlantic States $904
16 Westfield $918
17 Progressive $962
18 Auto-Owners $968
19 Western Reserve $970
20 Nationwide $988
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Utica National generally has some of the best car insurance rates in Cincinnati at around $628 per year. This is $412 less than the average price paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers would also make the list of some of the more affordable Cincinnati, OH auto insurance companies.

As shown above, if you currently have coverage with Frankenmuth and switched to Utica National, you may see yearly savings of roughly $52. Policyholders with Allied may save as much as $62 a year, and Travelers insureds might reduce prices by as much as $98 a year.

These estimates are averages for all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for Uber drivers. So the car insurance company that is best for you may not even be in the top 33 companies shown above. That affirms the importance of why you need to get car insurance quotes using your own driver data and vehicle information.

The vehicle requiring insurance is a significant factor when comparing cheap coverage for Uber drivers. Vehicles with high performance engines, a lack of advanced safety features, or a track record of large liability claims will cost substantially more to insure than safer models.

The next table showcases auto insurance premiums for a handful of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Cincinnati, OH
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,213
Honda Accord LX-P 4-Dr Sedan $1,370
Ford Escape XLT 2WD $1,380
Honda Odyssey EX $1,407
Ford Edge SE AWD $1,416
Ford Focus S 4-Dr Sedan $1,407
Volkswagen Jetta SE 2.5 Station Wagon $1,422
Jeep Wrangler Sport 4WD 2-Dr $1,429
Ford F-150 STX Super Cab 2WD $1,454
Toyota Prius $1,474
Honda Civic EX 4-Dr Sedan $1,484
Hyundai Elantra GLS 4-Dr Sedan $1,511
Nissan Altima 3.5 SR 4-Dr Sedan $1,538
Dodge Grand Caravan SE $1,543
Toyota RAV4 Limited 4WD $1,571
Chevrolet Impala LT $1,580
Jeep Grand Cherokee Laredo 2WD $1,618
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in garaging location in Cincinnati, OH which can alter coverage prices substantially.

Based upon the rates shown, you can assume that cars like the Honda CR-V, Honda Accord, Ford Escape, and Honda Odyssey will be some of the most affordable vehicles to insure for Uber vehicles.

The illustration below shows how choosing a deductible can influence insurance rates when getting quotes for cheap insurance for Uber drivers. The premium estimates are based on a married female driver, comp and collision included, and no discounts are taken into consideration.

In the chart above, a 40-year-old driver could lower their car insurance rates by $156 a year by increasing from a $100 deductible to a $500 deductible, or save $234 by choosing a $1,000 deductible. Even younger insureds, such as the Age 20 example, could shave $384 or even more just by using higher deductibles. When choosing a higher deductible, it will be necessary to have additional funds squirreled away to enable you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Cost comparison with and without full coverage

Reducing premiums for car insurance is the goal of the majority of vehicle owners, and an effective way to pay lower rates for insurance for Uber drivers is to not insure for full coverage. The information below compares auto insurance costs when comparing full coverage to liability only. The data assumes no violations or claims, $500 deductibles, single status, and no discounts are applied.

Averaged for all ages 20 through 70, full coverage costs $1,077 per year over and above liability coverage. Many drivers may wonder if it’s worth it to buy full coverage. There is no exact formula of when to stop paying for physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let’s say your vehicle’s settlement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $10,000 after paying your policy deductible. If you are currently paying more than $1,000 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

Why you should compare rates

Cincinnati, OH car insurance rates are determined by lots of factors that may substantially change the price of your policy. Simply getting older, buying another vehicle, or getting a few speeding tickets can produce rate changes that can now make some companies affordable when they were higher priced.

In addition, insurers change their prices every year in order to offset underwriting gains or losses. An extended period of higher than normal claims can cause more expensive premiums, while a lower level of claims may produce lower-priced Cincinnati car insurance rates.

The chart below analyzes the cheapest car insurance in Cincinnati, OH for a 45-year-old female driver with no accidents, a clean driving record, and great credit. When quoting prices based on her personal profile, Utica National offers the lowest car insurance rates in Cincinnati at $811 each year. This is $229 less than the average premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also make the list of the cheapest Cincinnati, OH auto insurance companies.

In this next rate comparison, we will give the driver from the first set of rates a claim, poor credit, and a few traffic violations. Due to the fact that every auto insurer has a proprietary formula to establish rates, analyzing rate quotes most likely will result in a slightly different list of the cheapest car insurance companies in Cincinnati as shown below.

Cincinnati Insurance now has the cheapest price in Cincinnati, OH with Merchants Insurance Group, Grange Mutual, Motorists Mutual, and General Casualty also being competitive. This illustrates why it is critical to spend some time comparing rates to get the lowest car insurance rates for Uber drivers.

Car insurance prices can be altered by many factors and change substantially, so the most economical option three years ago may now be one of the higher cost companies.