You have seen the captivating commercials from insurers like The General and Nationwide that promise the cheapest price, so you should just select the one with the best jingle, right?

It's not that easy, however, as there are a whole slew of unknowns like if you are currently insured, how well you maintain your credit, the neighborhood you live in, and what deductibles to use for physical damage coverage. We will touch on the different ways to avoid overpaying and also should give you a good beginning to your quest for cheaper car insurance for your Uber vehicle.

The make and model of vehicle requiring insurance is one of the largest factors when looking for the most economical auto insurance for Uber drivers. Vehicles with higher performance, a lack of advanced safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer, lower-performance models.

The list below features coverage premiums for a handful of the more affordable vehicles to buy coverage for.

Cheapest Vehicles to Insure for Uber Drivers in Indiana
Vehicle Insured Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $554
Ford Escape XLT 2WD $563
Honda CR-V EX-L 2WD $623
Honda Accord LX-P 4-Dr Sedan $627
Ford Explorer Eddie Bauer AWD $669
Toyota Prius $694
Toyota Corolla S $703
Ford Fusion SE 4-Dr Sedan $706
Ford Focus SE 4-Dr Sedan $711
GMC Sierra 3500HD SLE Regular Cab 2WD $717
Chevrolet Silverado 3500HD LT Crew Cab 2WD $724
Jeep Grand Cherokee Laredo 2WD $721
Volkswagen Jetta LE 4-Dr Sedan $729
Chevrolet Equinox LT AWD $721
Honda Civic EX-L 4-Dr Sedan $729
Jeep Wrangler Unlimited Sport 4WD 4-Dr $739
Dodge Grand Caravan Hero $741
Toyota RAV4 Limited 4WD $750
Toyota Tacoma Double Cab 4WD $741
Ford F-150 SVT Raptor Super Cab 4WD $758
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rates do not factor in specific location information which can impact coverage prices greatly.

Based upon these rates, we can infer that models like the Hyundai Elantra, Ford Escape, Honda CR-V, and Honda Accord are likely to be the most budget-friendly vehicles to insure for Uber vehicles.

One of the many factors that are looked at to determine the amount you pay each year for auto insurance is where your car is garaged. More densely populated places like Gary, Portage, and Indianapolis tend to have higher rates, whereas more rural areas tend to receive cheaper rates.

The table below sorts the highest-priced places in Indiana for Uber drivers to buy an auto insurance policy in.

How much is auto insurance in Indiana?
Rank City Average Per Year
1 Gary $1,347
2 Hammond $1,288
3 Portage $1,137
4 Merrillville $1,106
5 Indianapolis $1,092
6 Lawrence $1,088
7 Evansville $1,087
8 Terre Haute $1,067
9 Jeffersonville $1,038
10 New Albany $1,028
11 Anderson $1,011
12 Kokomo $1,011
13 Fort Wayne $985
14 Columbus $984
15 Fishers $983
16 Bloomington $968
17 Elkhart $965
18 Richmond $964
19 Noblesville $958
20 Muncie $955
21 South Bend $947
22 Carmel $947
23 Mishawaka $945
24 Greenwood $941
25 Lafayette $917
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Premium costs are approximated as the specific area where the vehicle is garaged can lower or raise insurance rates greatly.

Cautious Indiana drivers save money

The common sense way to snag good insurance prices in Indiana for Uber vehicles is to be an attentive driver and maintain a clean driving record. The example below demonstrates how citations and at-fault claims can increase insurance premiums for each age group. The premiums are based on a single female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

The chart shows that the average cost of auto insurance per year with no accidents or violations is $1,686. Get written up for one speeding ticket and the average cost increases to $1,910, an increase of $225 each year. Now get two accidents along with the one speeding ticket and the annual cost of insurance for Uber drivers in Indiana jumps again to an average of $3,953. That's an increase of $2,268, or $189 per month, just for not driving safely!

Choosing the right car insurance provider can be a challenge considering how many companies are available to choose from in Indiana. The ranking data in the lists below may help you pick which auto insurers you want to consider when shopping around.

These rankings are only made up of the largest companies in America, so smaller companies that only insure vehicles in Indiana are not factored into these rankings. To compare rates from many more Indiana auto insurance companies, click this link.

Top 10 Major Auto Insurance Companies in Indiana Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

The diagram below demonstrates how deductible levels can impact premium costs when quoting cheap insurance for Uber drivers in Indiana. The price estimates are based on a married male driver, full coverage, and no discounts are factored in.

In the chart above, a 30-year-old driver could lower their policy premium by $290 a year by changing from a $100 deductible to a $500 deductible, or save $438 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, could lower their rates up to $890 every year just by choosing higher deductibles.

When raising deductibles, it is necessary to have additional funds in a savings account to offset the extra out-of-pocket expense, which deters some people from using high deductibles.

How to find low-cost auto insurance for Uber drivers in Indiana

Below you'll find many thrifty suggestions that can help drivers get cheaper coverage.

The final tip is highly significant, as we discussed in this write-up. Coverage rates change constantly, so don't be hesitant to switch carriers if you can find a cheaper rate. Many drivers have brand loyalty and that's fine, but it isn't a good idea if that faithfulness ends up costing you lots of hard earned cash every month. If you have a few minutes, now is a great time to shop around and find cheaper auto insurance for Uber drivers.