The vehicle requiring insurance is probably the largest consideration in finding the best cheap auto insurance for Lyft drivers. Vehicles with higher performance, poor passenger safety features, or a history of substantial liability claims will cost quite a bit more to insure than more modest models.
The next table features coverage costs for a number of the most economical vehicles to insure in California.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$879|
|Honda Accord EX 4-Dr Sedan||$888|
|Chevrolet Silverado LS Regular Cab 4WD||$966|
|Ford Escape XLS 2WD||$1,006|
|Honda Odyssey EX||$1,021|
|Chevrolet Malibu Hybrid||$1,041|
|Toyota Camry LE||$1,046|
|Toyota RAV4 2WD||$1,041|
|GMC Sierra SLE Regular Cab 2WD||$1,051|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,060|
|Toyota Corolla XLE||$1,094|
|Jeep Grand Cherokee Limited 2WD||$1,113|
|Ford Fusion SE 4-Dr Sedan||$1,119|
|Chevrolet Equinox LTZ AWD||$1,113|
|Nissan Altima Hybrid 4-Dr Sedan||$1,123|
|Start Your Quote Go|
Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rates do not factor in garaging location in San Diego, CA which can influence coverage rates greatly.
By looking at the data, cars like the Honda CR-V, Honda Accord, Chevrolet Silverado, Ford Escape, and Honda Odyssey are the most affordable vehicles to insure for Lyft vehicles.
For Lyft vehicles, one of the more important considerations that determine auto insurance rates is where you keep your vehicle. Areas with more people or more claims tend to pay slightly more, whereas areas with less congestion receive better rates.
The next table shows the most expensive cities in California for Lyft drivers to buy an auto insurance policy in. San Diego is ranked #20 with a yearly premium of $1,381 for the average policy, which is around $115 per month.
|Start a Quote Go|
Prices are approximated as vehicle location can lower or raise premium rates significantly.
Careless San Diego drivers pay higher rates
The easiest method to get the cheapest insurance premiums in San Diego for Lyft vehicles is to drive cautiously and not have accidents or get tickets. The information below illustrates how traffic citations and at-fault accidents increase premium costs for different age categories. The data assumes a married male driver, comp and collision included, $500 deductibles, and no discounts are applied.
The data above shows the average cost of car insurance in California per year with no accidents or violations is $2,355. Add in two speeding tickets and the average cost hikes up to $3,250, an increase of $895 each year. Then include two accidents along with the two speeding tickets and the annual cost of insurance for Lyft drivers increases to an average of $6,769. That’s an increase of $4,414, or $368 per month, just for not being attentive to the road!
Types of discounts on San Diego insurance rates
Insurance companies that offer coverage for Lyft drivers may provide discounts that could lower prices by 40% or more if you meet specific criteria. The best insurance companies and a summarized list of policyholder discounts are outlined below.
- American Family includes discounts for defensive driver, TimeAway discount, air bags, accident-free, Steer into Savings, and good student.
- Farm Bureau may include discounts for driver training, renewal discount, 55 and retired, youthful driver, multi-policy, multi-vehicle, and safe driver.
- State Farm discounts include student away at school, good driver, multiple policy, anti-theft, passive restraint, and Steer Clear safe driver discount.
- Travelers has savings for home ownership, continuous insurance, new car, multi-policy, and save driver.
- The Hartford offers discounts including vehicle fuel type, air bag, anti-theft, bundle, good student, defensive driver, and driver training.
- GEICO offers premium reductions for air bags, five-year accident-free, federal employee, good student, multi-vehicle, and defensive driver.
- Progressive may have discounts that include multi-vehicle, continuous coverage, multi-policy, online quote discount, and good student.
The information below compares premium costs with and without policy discounts. The rates are based on a male driver, a clean driving record, no at-fault accidents, California state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, anti-theft, defensive driving course, safe-driver, marriage, and multiple policy discounts applied. When these discounts are applied, theaverage amount saved on insurance for Lyft drivers is 28% or $698.
Shop around and save
San Diego insurance rates are influenced by many factors which can substantially change the price of coverage. Improving your credit score, buying a different vehicle, or getting a driving violation can trigger changes in premium resulting in some rates now being affordable when they were higher priced. Not only may your risk profile change, but insurers modify rates every year as an adjustment for underwriting gains or losses. Higher than normal claim frequency or severity can cause more expensive premiums, while lower claims may result in lower-cost San Diego car insurance rates.
For instance, the graph below shows the companies that have the cheapest car insurance in San Diego, CA for a 30-year-old female driver with no violations or accidents, and a good credit history. When comparing rates based on her current rating profile, USAA has the lowest car insurance rates in San Diego at $1,180 annually. This is $471 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide round out the rest of the most affordable San Diego, CA auto insurance companies.
In this next rate comparison, we will give the driver from the first example a couple of claims, poor credit, and a speeding ticket. Since every car insurance company has a different formula to set their prices, comparing quotes may now show a substantially altered list of affordable San Diego car insurance companies as shown below.
Grange now has the cheapest auto insurance in San Diego, CA with Progressive, Allstate, Allied, and Mercury completing the list. This demonstrates why California drivers need to perform an extensive rate comparison to get the most economical car insurance quotes for Lyft drivers.
Insurance rates are influenced by many risk factors and can decrease or increase without notice, so the best option the last time you compared rates may now be quite expensive.
How to find more affordable auto insurance for Lyft drivers
It is possible to find better rates, and here are some of the recommended thrifty ideas that can help San Diego drivers find low-cost auto insurance.
- Improve your credit
- Pay for small claims rather than turning them in to your insurance company
- You will pay more if you get tickets or have at-fault accidents
- Accidents can significantly increase rates
- Bundle home and auto and earn a discount
- Increase your policy deductibles
- Comparison shop frequently
The last tip in the list is particularly important, as we stressed in the article above. Auto insurance prices change frequently, so don’t be afraid to buy a policy from a new company if you can save money.
Many consumers stick with the same company and that’s fine, but it’s not a great idea if that faithfulness ends up costing you a small fortune year after year. It only take a few minutes to compare prices to find cheaper insurance for Lyft drivers in San Diego.
If you like to have a little guidance when shopping around for cheaper insurance for Lyft vehicles, the professional agents shown below can aid you in deciding which auto insurance policy would work best for you. To locate an agency near you, click the button following the list or click here to compare prices now.
State Farm: Wendy Phillips
3838 Camino Del Rio N #103 – San Diego, CA 92108 – (619) 563-0380
Springbrook Insurance Agency
10650 Treena St #105 – San Diego, CA 92131 – (858) 391-3001 ext. 105
Anchor General Insurance Agency-Texas
10256 Meanley Dr – San Diego, CA 92131 – (858) 527-3600