Who Has Affordable Oakland Car Insurance Rates for Uber Drivers?

The words “cheap” and “insurance” probably shouldn’t be used together, specifically when trying to find the best price on coverage for Uber drivers. Because of the high cost, let’s lead off by showing you some of the factors that determine auto insurance rates, and see how we can help you reduce the cost of your next policy.

The make and model of vehicle that is being insured is a significant factor that determines the availability of economical auto insurance for Uber drivers. Vehicles with limited top-end speed, advanced safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models.

The data below ranks car insurance costs for some of the more affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Oakland, CA
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,292
Dodge Grand Caravan CV $1,297
Toyota RAV4 Limited 4WD $1,368
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,394
Ford F-150 XLT Crew Cab 4WD $1,403
Ford Edge SE 2WD $1,410
Hyundai Elantra Blue 4-Dr Sedan $1,416
Ford Escape Limited 4WD $1,412
Honda Accord EX-L 4-Dr Sedan $1,417
Toyota Prius $1,447
Chevrolet Impala LS $1,457
Chevrolet Malibu LTZ $1,465
Ford F-250 XL 2WD $1,474
Volkswagen Jetta SEL 4-Dr Sedan $1,465
Ford F-350 XL Crew Cab King Ranch 2WD $1,494
Honda Odyssey EX $1,502
Ford Explorer Limited AWD $1,523
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can change premium rates considerably.

Looking at the rates, makes and models like the Honda CR-V, Dodge Grand Caravan, Toyota RAV4, and Toyota Tacoma are most likely to be the most affordable vehicles to insure for Uber vehicles.

Finding out which company offers the cheapest auto insurance rates for Uber drivers may require a tad more effort in order to find the best price. Every car insurance company uses their own formula to set policy rates, so we’ll take a look at the most affordable auto insurance companies in Oakland, CA.

It’s important to understand that Oakland auto insurance rates are influenced by many factors that control the price of coverage. Simply having a birthday, buying a different home, or getting caught speeding may prompt premium changes resulting in some companies being more affordable than competitors.

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Cheapest California auto insurance companies
Rank Company Cost Per Year
1 USAA $1,143
2 Wawanesa $1,192
3 Century National $1,214
4 Nationwide $1,226
5 CSAA $1,234
6 21st Century $1,325
7 Grange $1,447
8 Progressive $1,496
9 Allstate $1,497
10 Allied $1,541
11 Mercury $1,548
12 GEICO $1,575
13 The Hartford $1,639
14 MetLife $1,654
15 State Farm $1,682
16 Unitrin $1,699
17 Esurance $1,756
18 Bristol West $1,831
19 Travelers $1,860
20 Farmers $2,026
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USAA has some of the lowest car insurance rates in Oakland at around $1,143 each year. Wawanesa, Century National, Nationwide, and CSAA would also be considered some of the cheapest Oakland, CA auto insurance companies.

As illustrated above, if you are insured with CSAA and switched to Wawanesa, you could earn an annual savings of around $42. Customers with 21st Century could save as much as $133 a year, and Grange customers might see rate reductions of $255 a year.

To find out how much you can save, click here to get a free quote or quote prices from the following companies.

These prices are averages across all types of insureds and vehicles and do not factor in an exact location for Uber drivers. So the auto insurance company that fits your needs best may not even be in the list above. That affirms the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.

The illustration below highlights how deductible choice can impact yearly insurance costs when searching for cheap insurance for Uber drivers. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

As shown above, a 40-year-old driver could save $350 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $530 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could save as much as $888 annually just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be important to have enough spare savings to enable you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Liability only or full coverage

Reducing the cost of auto insurance is the goal of most vehicle owners, and one great way to lower the cost of insurance for Uber drivers is to buy only liability coverage. The chart below visualizes the comparison of insurance costs when comparing full coverage to liability only. The prices are based on no claims or violations, $500 deductibles, single marital status, and no discounts are applied.

Averaged for all age groups, comp and collision coverage costs an extra $2,075 per year more than just insuring for liability. That brings up the question when is it a good idea to stop buying full coverage. There isn’t a steadfast formula to eliminate full coverage, but there is a general convention. If the yearly cost of full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s replacement cost is $11,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $10,500 after paying your policy deductible. If you are currently paying more than $1,050 a year to have full coverage, then it may be the right time to buy liability only.

Careless drivers pay higher rates

A great way to find cheap auto insurance rates in Oakland for Uber vehicles is to drive safely and maintain a clean driving record. The example below demonstrates how speeding tickets and at-fault accidents drive up annual premium costs for different insured age categories. Data assumes a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of a car insurance policy in Oakland per year with a clean driving record and no accidents is $2,314. Get written up for two speeding tickets and the average cost surges to $3,067, an increase of $754 each year. Now add one accident along with the two speeding tickets and the 12-month cost of auto insurance for Uber drivers jumps again to an average of $3,817. That’s an increase of $1,504, or $125 per month, just for being a less-than-perfect driver!