How Much is Car Insurance for Uber Drivers in Lincoln?

The make and model of vehicle requiring coverage is probably the largest consideration that determines whether or not you find the cheapest car insurance for Uber drivers. Vehicles with lots of horsepower, poor passenger safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The table below ranks auto insurance prices for some of the most economical vehicles to insure.

Cheapest Vehicles to Insure in Lincoln, NE
Vehicle Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $788
Honda CR-V LX 4WD $888
Toyota RAV4 Sport 2WD $934
Ford Escape Limited 4WD $936
Dodge Grand Caravan SXT $950
Toyota Prius $956
Chevrolet Impala LTZ $984
Jeep Grand Cherokee Limited 4WD $1,000
Chevrolet Equinox LTZ AWD $1,006
Jeep Wrangler Rubicon 4WD 2-Dr $1,002
Ford Explorer XLT AWD $1,010
Ford F-150 XLT Crew Cab 2WD $1,002
Volkswagen Jetta 2.0T Station Wagon $1,012
Dodge Ram Quad Cab SLT 4WD $1,016
Honda Odyssey EX $1,028
Ford Edge SEL 2WD $1,036
Honda Civic SI 4-Dr Sedan $1,034
Toyota Tacoma Double Cab 4WD $1,052
Ford Focus SEL 4-Dr Sedan $1,056
Nissan Altima 2.5 S 2-Dr Coupe $1,066
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in garaging location in Lincoln, NE which can revise auto insurance rates significantly.

Based upon these rates, we can presume that makes and models like the Hyundai Elantra, Honda CR-V, Toyota RAV4, and Ford Escape will be the more affordable vehicles to insure for Uber vehicles.

One of the many components that are used to help calculate the price you pay for insurance is where you live. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.

The information below sorts the highest-priced areas in Nebraska for Uber drivers to buy auto insurance in. Lincoln is listed at #24 with a yearly premium of $1,073 for the average policyholder, which is around $89 per month.

How much does auto insurance cost in Lincoln?
Rank City Annual Rate
1 Scottsbluff $1,360
2 Alliance $1,354
3 Gering $1,343
4 South Sioux City $1,303
5 North Platte $1,288
6 McCook $1,279
7 Lexington $1,277
8 Crete $1,234
9 Nebraska City $1,224
10 Beatrice $1,222
11 Omaha $1,220
12 York $1,191
13 Seward $1,191
14 Blair $1,188
15 Kearney $1,188
16 Columbus $1,185
17 Bellevue $1,179
18 Fremont $1,177
19 La Vista $1,162
20 Hastings $1,158
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Premium amounts are comparative as the specific Lincoln residence address can lower or raise prices noticeably.

Deciphering which company quotes the best car insurance rates for Uber drivers will involve a little more sweat than just comparing rates from one or two companies. Each auto insurer has their own unique process for determining prices, so we will examine the most affordable car insurance companies in Lincoln.

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Rankings for the cheapest Nebraska auto insurance companies
Rank Company Cost Per Year
1 Safeco $788
2 The Hartford $839
3 Auto-Owners $923
4 Allied $949
5 Farmers Mutual of Nebraska $979
6 Farm Bureau Mutual $990
7 Nationwide $1,027
8 State Farm $1,065
9 American National $1,098
10 USAA $1,116
11 General Casualty $1,125
12 California Casualty $1,257
13 American Family $1,284
14 MetLife $1,293
15 Iowa Mutual $1,295
16 GEICO $1,308
17 EMC $1,354
18 Progressive $1,402
19 Farmers $1,586
20 North Star $1,710
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Safeco normally has some of the most affordable car insurance rates in Lincoln at around $788 per year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are also some of the cheaper Lincoln, NE insurance companies.

In this example, if you currently have coverage with The Hartford and switched to Safeco, you may see a yearly price reduction of upwards of $51. Customers with Auto-Owners may save as much as $135 a year, and Allied insureds might lower prices by up to $161 a year.

It’s important to note that these estimates are averaged for all ages of drivers and types of vehicles and and are not calculated with an exact zip code location for Uber drivers. So the insurer that can offer you the lowest price may not even be in the top 24 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

Lincoln car insurance companies ranked

Insuring your vehicle with a highly-rated insurer is hard considering how many companies provide coverage in Lincoln. The company ratings in the next section could help you decide which car insurance companies to look at to insure your vehicles.

The ratings below are for large insurance companies, so companies that have a smaller presence are not included in this list. To check prices from these and other top-rated companies, click here.

Top 10 Major Car Insurance Companies in Lincoln Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Progressive – A+
  9. Allstate – A+
  10. The General – A-

Top 10 Major Car Insurance Companies in Lincoln Ranked by Customer Service

  1. State Farm
  2. Nationwide
  3. Safeco Insurance
  4. American Family
  5. Travelers
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. The Hartford
  10. Farmers Insurance

Difference between liability only and full coverage rates

Reducing premiums for car insurance is important to most drivers, and one great way to pay less for insurance for Uber drivers is to not pay for full coverage. The illustration below shows the difference between insurance premiums with and without full coverage. The rate quotes are based on no violations or claims, $250 deductibles, single marital status, and no discounts are applied.

Averaged out for all age groups, physical damage coverage costs $1,579 per year over and above liability coverage. That is a significant amount which raises the question when is it safe to stop buying full coverage. There is no set guideline for dropping physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s say your vehicle’s settlement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $10,000 after the deductible is paid. If you are currently paying more than $1,000 a year for your policy with full coverage, then you might consider buying liability only.

How to find low-cost insurance for Uber drivers

Below you’ll find a few money-saving ideas that can help Lincoln drivers get low-cost car insurance.

The last idea is particularly critical, as we noted in the prior article. Auto insurance prices change constantly, so you should be ready to buy a policy from a new company if a cheaper rate is available.

Being loyal to a particular company is commendable, but it’s not recommended if that loyalty ends up costing hundreds every year. It takes less than five minutes to shop around to find cheaper insurance for Uber drivers in Lincoln.