The words “cheap” and “auto insurance” really don’t belong together, especially when you are shopping around for the lowest insurance rates for Lyft drivers. To save some money, let’s go over some things that have an effect on car insurance rates, and see if we can help you take the bite out of the next policy you buy.
For Lyft vehicles, one of the more important considerations that help determine the amount you pay for auto insurance is where you call home in Arlington. More densely populated places tend to have higher rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The illustration below rates the most expensive areas in Texas for Lyft drivers to buy auto insurance in. Arlington is ranked #17 with the yearly price of $1,658 for car insurance, which is approximately $138 each month.
|Rank||City||Average Per Year|
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Annual rates are approximated as the specific geographic location can change auto insurance rates substantially.
The car, truck, or SUV you are buying coverage for is probably the biggest factor in finding the most economical auto insurance for Lyft drivers. Vehicles with high performance engines, a lack of advanced safety features, or a track record of large liability claims will cost more to insure than safer, lower-performance models.
The next list estimates auto insurance premiums for a selection of the most economical automobiles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$1,070|
|Ford Edge SEL 2WD||$1,214|
|Chevrolet Impala LT||$1,239|
|Volkswagen Jetta LE 4-Dr Sedan||$1,245|
|Toyota Tacoma Double Cab 4WD||$1,239|
|Ford Explorer Eddie Bauer 4WD||$1,262|
|Ford Escape Limited 4WD||$1,297|
|Hyundai Elantra SE 4-Dr Sedan||$1,302|
|Jeep Grand Cherokee Limited 2WD||$1,325|
|Chevrolet Equinox LTZ 2WD||$1,333|
|Nissan Rogue S 2WD||$1,330|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,348|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,358|
|Ford Focus S 4-Dr Sedan||$1,388|
|Honda Accord LX-S 2-Dr Coupe||$1,392|
|Toyota Camry Hybrid||$1,415|
|Chevrolet Malibu LS||$1,424|
|Toyota RAV4 Limited 2WD||$1,415|
|Kia Optima EX||$1,421|
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can affect auto insurance rates substantially.
Based on these rates, we can presume that makes and models like the Honda CR-V, Toyota Prius, Ford Edge, and Chevrolet Impala should be a few of the more affordable vehicles to insure for Lyft vehicles.
Get discount Arlington insurance rates
Insurance providers that provide coverage for Lyft drivers may provide special discounts that could lower prices by as much as 35% or more if you meet specific criteria. A list of companies and their possible discounts include:
- GEICO has savings for federal employee, anti-lock brakes, multi-policy, daytime running lights, five-year accident-free, seat belt use, and military active duty.
- MetLife has discounts for multi-policy, good student, accident-free, claim-free, and defensive driver.
- Progressive offers premium reductions for online signing, online quote discount, multi-policy, multi-vehicle, good student, continuous coverage, and homeowner.
- Travelers policyholders can earn discounts including save driver, multi-policy, student away at school, IntelliDrive, continuous insurance, new car, and home ownership.
- SAFECO includes discounts for anti-lock brakes, teen safe driver, safe driver, multi-car, and homeowner.
- AAA may include discounts for multi-car, education and occupation, good driver, multi-policy, good student, pay-in-full, and AAA membership discount.
The chart below visualizes the comparison of premium costs with and without policy discounts. The prices are based on a female driver, no accidents, no driving violations, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with passive restraint, accident-free, marriage, vehicle safety, multiple vehicle, and multiple policy discounts applied. When drivers take advantage of discounts, the average savings per year on auto insurance for Lyft drivers is 28% or $717.
Picking the top auto insurance provider is hard considering how many different insurance companies sell coverage in Texas. The company rank data in the next section may help you pick which car insurance companies you want to consider to insure your vehicles.
These rankings only include companies with a national presence, so companies without a large exposure are not included in this list. To compare rates from many more Texas auto insurance companies, click here.
Top 10 Major Auto Insurance Providers Overall in Arlington
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
How to find cheaper car insurance for Lyft drivers
The list below shows many money-saving suggestions that can help drivers quote cheap car insurance.
- Increase your credit score
- Buy a vehicle with excellent safety ratings
- Buying your home and auto policies from the same company can earn a discount
- Drive attentively and avoid accidents
- Full coverage is expensive so only insure older vehicles for liability only
- Shop your coverage around for the best deal
That last idea is particularly critical, as we hit on in this article. Prices in Arlington adjust frequently, so don’t be tentative to change insurance companies if a better deal can be had.
Many drivers tend to have loyalty to a certain company, but we do not recommend it if that loyalty ends up costing thousands of dollars over several years. In less than five minutes you could shop around and find cheaper car insurance for Lyft drivers.
If you aren’t clear which coverage you need and would like to get some professional input when shopping around for cheaper insurance for Lyft vehicles, the agents below are willing to aid you in deciding which car insurance policy is best. To find an Arlington insurance agent nearest to you, click the button link following the list or click here to compare rates now.
- Trang Le Insurance Agency
2397 S Collins St – Arlington, TX 76014 – (817) 779-4849
- Farmers Insurance – Philip Szurek
2614 W Arkansas Ln – Arlington, TX 76016 – (817) 303-3880
- All Texas Insurance Inc
5721 Interstate 20 W # 110, Arlington, TX 76018 – Arlington, TX 76017 – (214) 330-0033