Who Has Affordable San Antonio Auto Insurance for Lyft Drivers?

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Wouldn't it be nice if we could instantly tell you the one company that has the best insurance prices for Lyft drivers? It's not that simple, unfortunately, as there are a whole bunch of unknown elements such as if you are a homeowner or renter, if you want full coverage included, the area where you live, and your financial stability. The information below covers the causes of high insurance rates and will hopefully give the reader a good start in finding the cheapest insurance in San Antonio.

The vehicle model to be insured is one of the primary factors when comparison shopping for the best auto insurance for Lyft drivers. Vehicles with average performance, modern passenger safety features, or a track record of few liability claims will cost less to insure than higher performance models.

The information below estimates insurance costs for some of the most economical vehicles to buy insurance for.

Cheapest Vehicles to Insure in San Antonio, TX
Vehicle Insured Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $1,077
Honda Odyssey EX $1,092
Chevrolet Impala LS $1,101
Honda CR-V EX 4WD $1,101
Ford Escape Limited 2WD $1,111
GMC Sierra SL Extended Cab 2WD $1,114
Chevrolet Equinox LS 2WD $1,123
Toyota Tacoma Double Cab 4WD $1,134
Dodge Ram 3500 Crew Cab Laramie 2WD $1,143
Hyundai Elantra Blue 4-Dr Sedan $1,150
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,154
Ford Edge Limited AWD $1,172
Toyota Camry XLE $1,182
Jeep Grand Cherokee Limited 2WD $1,191
Ford Focus SE 4-Dr Sedan $1,251
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in San Antonio, TX location which can lower or raise price quotes considerably.

Looking at the rates, vehicles like the Honda Accord, Honda Odyssey, Chevrolet Impala, Honda CR-V, and Ford Escape will be a few of the most affordable vehicles to insure for Lyft vehicles.

Buying low-cost car insurance is challenging, and determining which insurers offer the cheapest car insurance rates for Lyft drivers may require a little more work. Each insurer has a different process to determine rates, so we'll take a look at the most competitive car insurance companies in San Antonio, TX.

It's important that readers know that Texas car insurance rates are determined by lots of factors that control the cost of a policy. Simply having another birthday, buying higher coverage limits, or getting a ticket for running a stop sign may generate price changes that can cause some rates to be higher-priced than before.

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Cheapest auto insurance in Texas ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,095
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,294
5 Esurance $1,365
6 California Casualty $1,424
7 State Farm $1,450
8 Mercury $1,476
9 Nationwide $1,538
10 Safe Auto $1,613
11 Allstate $1,667
12 Progressive $1,698
13 Amica $1,723
14 Home State $2,092
15 GEICO $2,135
16 MetLife $2,161
17 Unitrin $2,241
18 Encompass $2,324
19 21st Century $2,421
20 Titan $2,594
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Travelers may have some of the lowest car insurance rates in San Antonio at around $1,041 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheapest San Antonio, TX auto insurance companies.

As illustrated above, if you buy coverage from Texas Farm Bureau and switched to Travelers, you could see yearly savings of roughly $194. Texas drivers with Germania Mutual might save as much as $253 a year, and Esurance policyholders might lower prices by $324 a year.

It's important to note that these policy rates are averaged for all types of drivers and the different vehicles they drive and are not factoring in an exact location for Lyft drivers. So the insurer that fits your needs best may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.

For Lyft vehicles, one of the more important things that determine the annual cost of car insurance is where you live in San Antonio. Areas with more people or even just a higher incidence of claims tend to have higher rates, whereas more rural areas have the luxury of lower rates.

The illustration below shows the most expensive areas in Texas for Lyft drivers to buy an auto insurance policy in. San Antonio shows up at #13 costing $1,722 on average, which is approximately $144 per month.

How much is car insurance in San Antonio?
Rank City Premium Per Year
1 McAllen $1,996
2 Brownsville $1,908
3 Houston $1,891
4 Laredo $1,889
5 Amarillo $1,858
6 Dallas $1,837
7 Garland $1,796
8 Pasadena $1,794
9 Irving $1,789
10 Beaumont $1,772
11 Mesquite $1,753
12 Grand Prairie $1,740
13 San Antonio $1,722
14 Lubbock $1,716
15 Austin $1,676
16 Carrollton $1,664
17 Arlington $1,642
18 Fort Worth $1,621
19 McKinney $1,609
20 Waco $1,584
21 Plano $1,576
22 Corpus Christi $1,572
23 El Paso $1,568
24 Abilene $1,561
25 Killeen $1,533
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Premium amounts are estimated as the specific area where the vehicle is garaged can modify auto insurance rates greatly.

The information below illustrates how choosing a deductible can change annual premium costs when getting quotes for cheap insurance for Lyft drivers. The information is based on a single male driver, comp and collision included, and no policy discounts are applied.

In the chart above, a 50-year-old driver could lower their policy premium by $314 a year by increasing from a $100 deductible up to a $500 deductible, or save $472 by selecting a $1,000 deductible. Young drivers, like the Age 20 category, could possibly save up to $1,026 annually by using higher deductibles when buying full coverage.

When choosing a higher deductible, it is important to have plenty of savings on hand to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Insuring your vehicle with the right insurance company is difficult considering how many choices there are in Texas. The company information below can help you analyze which coverage providers to look at when trying find the best insurance for Lyft drivers.

These ratings are only made up of the largest companies in the United States, so companies with more of a regional focus are not included in the list. To check prices from these top-rated insurers and more, click this link.

Top Car Insurance Companies for Lyft Drivers in San Antonio, TX
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Difference between liability only and full coverage rates

Saving on car insurance is the goal of most drivers, and a good way to buy cheaper insurance for Lyft drivers is to not pay for full coverage. The chart below visualizes the comparison of yearly insurance costs with full coverage and liability only. The price estimates are based on no claims or driving violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

If we average the cost for all age groups, physical damage insurance costs $2,131 per year more than insuring for liability only. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no definitive formula to stop paying for physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.