For Uber vehicles, one of the more important things that are looked at to determine car insurance rates is your address. More densely populated places likely pay more, whereas areas with less congestion benefit from lower prices.
The following table lists the priciest cities in Wisconsin for Uber drivers to purchase car insurance in. Milwaukee shows up at #1 with an annual rate of $1,396 for car insurance, which is around $116 per month.
|22||Fond du Lac||$956|
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Rate information is comparative as the specific geographic location can influence coverage prices substantially.
Finding out which insurers offer the best insurance rates for Uber drivers may require more work in order to find the most economical policy.
Each auto insurance company has a different formula for setting rates, so let’s take a look at the most budget-friendly insurance companies in Milwaukee. We do need to point out that Wisconsin insurance rates are based on many factors which can substantially change the cost of having a policy. Improving your credit rating, buying a home instead of renting, or getting a ticket for careless driving can trigger rate changes resulting in some rates now being affordable when they were higher priced.
Cheapest Insurance Rates for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|6||Rural Mutual Insurance||$749|
|11||West Bend Mutual||$890|
|15||Auto Club Group||$977|
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USAA may offer some of the lowest car insurance rates in Milwaukee at around $604 a year. This is $557 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Rockford Mutual also are some of the most economical Milwaukee, WI car insurance companies.
In the above rates, if you are a policyholder with Rockford Mutual and switched to Partners Mutual, you could earn an annual premium reduction of upwards of $132. Policyholders with Rural Mutual Insurance may save as much as $135 a year, and Nationwide customers might see rate reductions of $138 a year.
To see how much you can save, click here to start your custom quote or click through to the companies below.
These estimates are averaged across all drivers and vehicles in Wisconsin and are not factoring in a specific vehicle garaging location for Uber drivers. So the auto insurance company that fits your needs best may not even be in the top 30 companies shown above. That affirms the importance of why you need to get quotes using your own personal information and vehicle type.
The vehicle model needing coverage is one of the primary factors that determines if you can find the cheapest coverage for Uber drivers. Vehicles with limited top-end speed, an excellent safety record, or a low likelihood of having liability claims will cost less to insure than fast, unsafe models. The data below ranks car insurance costs for a handful of the most affordable vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,781|
|Honda Accord EX-L 4-Dr Sedan||$1,929|
|Ford F-150 STX Regular Cab 4WD||$1,999|
|GMC Sierra SLE Crew Cab 2WD||$2,108|
|Chevrolet Equinox LS 2WD||$2,114|
|Toyota RAV4 Limited 4WD||$2,108|
|Honda Civic LX-S 4-Dr Sedan||$2,178|
|Hyundai Elantra GLS 4-Dr Sedan||$2,217|
|Toyota Corolla S||$2,223|
|Ford Escape Limited 2WD||$2,235|
|Chevrolet Silverado LTZ Extended Cab 4WD||$2,257|
|Ford Fusion Sport 4-Dr Sedan||$2,265|
|Jeep Grand Cherokee Limited 2WD||$2,257|
|Volkswagen Jetta SEL 4-Dr Sedan||$2,266|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$2,299|
|Nissan Rogue SL AWD||$2,369|
|Toyota Tacoma Double Cab 4WD||$2,411|
|Dodge Ram Quad Cab Sport 4WD||$2,450|
|Dodge Ram 2500 Crew Cab Laramie 4WD||$2,459|
|Dodge Ram 3500 Mega Cab SLT 2WD||$2,450|
|Ford F-250 King Ranch Crew Cab 2WD||$2,520|
|Honda Odyssey EX W/Rear Entertainment||$2,532|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease coverage rates considerably.
By looking at the data, you can presume that cars like the Honda CR-V, Honda Accord, Toyota Prius, Ford F-150, and GMC Sierra are most likely going to be some of the most affordable vehicles to insure for Uber vehicles.
How to find a good Milwaukee insurance company
Selecting the best company can be rather challenging considering how many companies there are to choose from in Milwaukee. The information shown below may help you choose which auto insurers to look at when trying find the best insurance for Uber drivers.
The ratings below are only made up of the largest companies in America, so smaller regional companies are not included in the list. To check rates from many more Wisconsin auto insurance companies, follow this link.
Top 10 Large Auto Insurance Providers in Milwaukee Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Insurance rates are higher with tickets and accidents
The ideal way to receive low insurance premiums for Uber vehicles is to be a good driver and avoid accidents and traffic violations. The example below demonstrates how traffic citations and accident claims increase insurance costs for different insured age categories. The rates are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of auto insurance per year with no accidents or violations is $974. Get written up for one speeding ticket and the average cost surges to $1,099, an increase of $125 each year. Now include one accident along with the one speeding ticket and the 12-month cost of insurance for Uber drivers increases to an average of $1,441. That’s an increase of $466, or $39 per month, just for not driving safely!
Cost of full coverage in Milwaukee
Paying a lower price for insurance is probably important to most people, and an effective way to pay less for insurance for Uber drivers is to only buy liability insurance. The example below shows the difference between insurance prices with liability coverage only compared to full coverage. The rate quotes are based on no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.
If averaged for all ages, physical damage coverage costs an additional $1,092 per year over liability only. That is a large expense and it proposes the question if paying for full coverage is worth it. There is no definitive guideline that is best for determining when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.