Figuring out which companies have the most affordable insurance rates for Uber drivers will involve a tad more effort than just getting one or two price quotes. Each company has a proprietary method to determine rates, so we’ll go over the most budget-friendly insurance companies in Kansas City.
Keep in mind that Kansas City, MO insurance rates are influenced by many factors which can significantly increase or decrease the policy price. Improving your credit rating, having a claim, or getting a few speeding tickets can cause premium changes that can cause some rates to be more affordable than before.
Best Insurance Companies for Your Uber Vehicle
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $662 |
| 2 | The Hartford | $785 |
| 3 | Allied | $867 |
| 4 | Electric | $875 |
| 5 | Travelers | $998 |
| 6 | MO Farm Bureau | $1,032 |
| 7 | Auto-Owners | $1,037 |
| 8 | Nationwide | $1,098 |
| 9 | Farmers | $1,105 |
| 10 | Cameron Mutual | $1,154 |
| 11 | American Family | $1,241 |
| 12 | State Farm | $1,258 |
| 13 | Progressive | $1,368 |
| 14 | Safeco | $1,384 |
| 15 | GEICO | $1,406 |
| 16 | MetLife | $1,415 |
| 17 | Safe Auto | $1,419 |
| 18 | Shelter | $1,419 |
| 19 | California Casualty | $1,469 |
| 20 | Auto Club | $1,518 |
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USAA normally has some of the best car insurance rates in Kansas City at around $662 annually. This is $600 less than the average premium paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Travelers also qualify as some of the more affordable Kansas City, MO auto insurance companies.
As illustrated above, if you have coverage with Electric and switched to The Hartford, you could see yearly savings of about $90. Customers with Travelers could save as much as $213 a year, and MO Farm Bureau insureds might cut rates by $247 a year.
To see if you’re overpaying, click here or click through to the companies below.
It’s important to note that these rates are averages across all ages of drivers and types of vehicles and and are not calculated with an exact location for Uber drivers. So the auto insurance company that fits your needs best may not even be in the top 23 companies in the list above. That illustrates why you need to quote rates from many companies using your own personal information and vehicle type.
The vehicle you are trying to insure is one of the biggest factors when comparison shopping for the cheapest auto insurance for Uber drivers. Vehicles with more horsepower, poor safety ratings, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models. The table below ranks car insurance premiums for some of the most economical automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Odyssey LX | $1,294 |
| Honda CR-V EX 2WD | $1,330 |
| Toyota RAV4 Limited 2WD | $1,394 |
| Nissan Altima 2.5 4-Dr Sedan | $1,404 |
| Ford Escape Limited 4WD | $1,401 |
| Ford Edge SE 2WD | $1,411 |
| Ford F-150 FX4 4WD | $1,421 |
| Dodge Grand Caravan CV | $1,443 |
| Toyota Prius | $1,472 |
| Ford Focus SE 4-Dr Sedan | $1,494 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,497 |
| Volkswagen Jetta 2.0T Station Wagon | $1,516 |
| Chevrolet Malibu LS | $1,526 |
| Toyota Tacoma 2WD | $1,536 |
| Chevrolet Impala LS | $1,546 |
| Jeep Wrangler Unlimited Rubicon 4WD 4-Dr | $1,538 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $1,548 |
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can decrease or increase coverage prices substantially.
Looking at the rates, we can assume that cars like the Honda Odyssey, Honda CR-V, and Toyota RAV4 are likely to be a few of the less-costly vehicles to insure for Uber vehicles.
Violations and accidents raise rates
In a perfect world, the ideal way to receive the best insurance rates for Uber vehicles is to drive safely and maintain a clean driving record. The diagram below shows how speeding tickets and at-fault collisions increase auto insurance costs for different age groups. The data is based on a married female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of car insurance in Kansas City per year with no accidents or violations is $973. Get written up for two speeding tickets and the average cost hikes up to $1,375, an increase of $402 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of insurance for Uber drivers increases to an average of $2,945. That’s an increase of $1,972, or $164 per month, just for being a careless driver!
Discounts on Kansas City insurance
Insurers that offer quotes for Uber drivers may also provide rate discounts that could reduce prices by as much as 35% if you qualify. A list of insurance companies and their possible discounts can be found below.
- American Family offers discounts including air bags, mySafetyValet, defensive driver, Steer into Savings, TimeAway discount, and good student.
- Nationwide has savings for accident-free, good student, defensive driving, multi-policy, anti-theft, easy pay, and business or organization.
- MetLife offers discounts for claim-free, good student, multi-policy, defensive driver, accident-free, and good driver.
- 21st Century may include discounts for air bags, theft prevention, anti-lock brakes, 55 and older, homeowners, and automatic seat belts.
- Farmers Insurance offers premium reductions for electronic funds transfer, distant student, alternative fuel, business and professional, pay in full, and teen driver.
- Allstate discounts include good student, eSmart discount, premier plus, early signing, defensive driver, and new car.
The example below compares annual premium costs with and without discounts applied to the premium. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, Missouri state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with claim-free, vehicle safety, multiple vehicle, multiple policy, safe-driver, and homeowner discounts applied. With discounts applied, the average amount saved each year on insurance for Uber drivers is 28% or $468.
Low rates today, overpriced tomorrow
Kansas City, MO insurance rates are impacted by many things that can increase the cost of your policy. Getting older, buying a home instead of renting, or having a fender bender may generate price changes resulting in some companies being more affordable than before.
In addition, auto insurance companies amend premium rates as often as every quarter in order to maintain liquidity for claims. Larger than normal claims may cause rate hikes, while lower claim levels may result in lower-cost Kansas City car insurance rates.
As an example, the chart below shows which company has the cheapest car insurance in Kansas City, MO for a 35-year-old female driver with no accidents, a clean driving record, and a decent credit rating. If we estimate prices based on her current risk factors, USAA may have the cheapest car insurance rates in Kansas City at $817 a year. This is $445 less than the average price paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Auto-Owners are the remaining cheapest Kansas City, MO auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example some claims, bad credit, and a blemish on her driving record. Since every car insurance company has a proprietary method for determining rates, comparing prices could now result in a different set of companies as shown below.
MO Farm Bureau now has the lowest price on auto insurance in Kansas City, MO with The Hartford, Nationwide, Farmers, and Cameron Mutual also being competitive. This example shows why it is so important to do a thorough rate comparison to find the most affordable car insurance quotes for Uber drivers.
Rates are made up of many different factors and change substantially, so the best price two years ago may now be priced much higher than other options.
Tips for finding cheaper insurance for Uber drivers
Below you’ll find a few penny-pinching ideas that can help Kansas City drivers locate lower-cost auto insurance.
- Speeding tickets and other violations increase rates
- Get cheaper liability coverage by choosing a safer vehicle
- Avoid accidents and claims
- Drop full coverage on older vehicles
- Increase deductibles to save money
- Clean up your credit
- Shop your coverage around for the best deal
That last tip is certainly important, as we stressed in this article. Insurance prices go up and down frequently, so drivers shouldn’t hesitate to switch carriers if a cheaper price is available.
Having brand loyalty is commendable, but it’s not a good idea if that loyalty ends up costing several hundred dollars every year. In just a couple of minutes you could shop around to find cheaper insurance for Uber drivers in Kansas City.
If you aren’t sure which coverage to buy and prefer to have some advice when shopping around for cheaper insurance for Uber vehicles, the insurance agencies listed below can most likely help you make a decision which car insurance company is the best fit.
To find an auto insurance agency using an interactive map, click the link after the list or click here to compare price quotes now.
Safeway Insurance Agency
3600 Broadway Suite 110 – Kansas City, MO 64111 – (816) 931-1222
McLaughlin Insurance Agency
406 W 34th St #802 – Kansas City, MO 64111 – (816) 931-3341
American Family Insurance – Jeff Woody
1300 NW Vivion Rd – Kansas City, MO 64118 – (816) 459-8010