How Much are Charlotte Auto Insurance Rates for Uber Drivers?

It would sure make life easier if we could simply give you the name of the one North Carolina auto insurance company that has the rock bottom lowest rates in North Carolina. It’s not that simple, unfortunately, as there are a whole bunch of unknown factors like the safety ratings of your vehicle, the likelihood of vehicle theft where you live, whether you are female or male, and your age, that all have an effect on the price. If you keep reading, we will teach you about some of these things and educate you enough to have a solid foundation to find cheaper car insurance.

One of the many components that help determine the price you pay for insurance is your address. Regions with larger populations or more claims tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.

The illustration below shows the highest-priced places in North Carolina for Uber drivers to purchase a policy in. Charlotte is listed at #3 with an annual rate of $808 for the average insured, which is about $67 each month.

Prices are approximated as the garaging address in Charlotte can revise auto insurance rates significantly.

Finding reliable, affordable car insurance is hard enough, and figuring out which company has the cheapest insurance rates for Uber drivers will require even more shopping around. Every auto insurer has a different process for filing rates in each state, so let’s rank the most competitive insurance companies in Charlotte.

It’s a good idea to know that North Carolina insurance rates are impacted by many things that may substantially change the price you pay. This is why it is so important to perform an extensive rate comparison to find the most economical insurance quotes for Uber drivers. Auto insurance prices are calculated by many factors and can increase or decrease at any time, so the cheapest rate the last time you shopped your coverage around may now be priced much higher than other options.

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Progressive offers some of the best car insurance rates in Charlotte at around $639 annually. This is $233 less than the average premium paid by North Carolina drivers of $872. Utica National, GEICO, Penn National, and Liberty Mutual would also make the list of some of the most economical Charlotte, NC insurance companies.

As depicted above, if you have coverage with Penn National and switched to Utica National, you might realize savings of approximately $70. Policyholders with Liberty Mutual could save as much as $73 a year, and NC Farm Bureau insureds might lower prices by up to $82 a year.

If you want to find out if you’re overpaying, click here to get a free quote or quote rates from the companies below.

It’s important to note that these premiums are averages across all ages of drivers and types of vehicles and are not factoring in an exact vehicle garaging location for Uber drivers. So the car insurance company that is most affordable for your situation may not even be in the top 20 companies in the list above. That is why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The car, truck, or SUV you are seeking coverage for is probably the most important factor when comparing quotes for cheap insurance for Uber drivers. Vehicles with higher performance, a lack of advanced safety features, or a history of substantial liability claims will cost substantially more to insure than more modest models.

The information below features insurance rates for the cheapest automobiles to insure in North Carolina.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Table data does not factor in specific location which can increase or decrease premium rates greatly.

Based upon these rates, you can infer that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, Toyota Camry, and Ford Explorer are a few of the more affordable vehicles to insure for Uber vehicles.

What is the best insurance company in North Carolina?

Choosing a high-quality car insurance company can be rather challenging considering how many companies sell insurance in Charlotte. The ranking information shown below may help you analyze which providers you want to consider when looking for cheaper rates.

These rankings are for the companies with a significant amount of written premium nationwide, so companies that have a smaller presence are not factored into this list. To check rates from the insurers below and more, follow this link.

Top 10 Large Car Insurance Companies in Charlotte Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Top 10 Large Car Insurance Companies Overall in Charlotte

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

The diagram below shows how choosing a deductible can change premium costs when researching cheap insurance for Uber drivers. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

In the chart above, a 30-year-old driver could reduce rates by $236 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $356 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 category, can cut as much as $504 every year just by choosing higher deductibles. If you do decide to increase your deductibles, it is necessary to have plenty of savings on hand to offset the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

How violations and accidents impact rates

The recommended way to get the best insurance premiums in North Carolina for Uber vehicles is to be a careful driver and avoid accidents and keep your driving record clean. The chart below demonstrates how citations and fender-benders can drive up car insurance rates for different age groups. Data assumes a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

In the previous chart, the average cost of auto insurance per year with a clean driving record and no accidents is $1,181. Add in two speeding tickets and the average cost swells to $1,557, an increase of $376 each year. Then include one accident along with the two speeding tickets and the annual cost of insurance for Uber drivers goes up to an average of $1,934. That’s an increase of $754, or $63 per month, just for not keeping your driving record clean!

If you would rather have some professional guidance when trying to find lower insurance rates for Uber vehicles, the agencies below can most likely help you make a decision which coverages you need. To find a Charlotte insurance agent nearest to you, click the button after the list.

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