For Lyft vehicles, one of the big considerations that determine the price you pay for insurance is where your residence is in San Francisco. More populated areas are more likely to have higher rates, whereas more rural areas benefit from lower rates.
The illustration below sorts the most costly cities in California for Lyft drivers to purchase car insurance in. San Francisco shows up at #3 with a yearly premium of $1,745 for the average insurance policy, which is approximately $145 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,121 |
| 3 | San Francisco | $1,745 |
| 4 | Oakland | $1,687 |
| 5 | Sacramento | $1,669 |
| 6 | San Bernardino | $1,580 |
| 7 | Long Beach | $1,578 |
| 8 | Stockton | $1,556 |
| 9 | Santa Clarita | $1,533 |
| 10 | Modesto | $1,532 |
| 11 | Riverside | $1,527 |
| 12 | Garden Grove | $1,524 |
| 13 | Fontana | $1,519 |
| 14 | Fresno | $1,517 |
| 15 | Santa Ana | $1,497 |
| 16 | Moreno Valley | $1,491 |
| 17 | Anaheim | $1,430 |
| 18 | San Jose | $1,423 |
| 19 | Fremont | $1,403 |
| 20 | Huntington Beach | $1,402 |
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Annual rates are approximated as vehicle location can raise or lower premiums considerably.
The make and model of vehicle requiring insurance is one of the largest considerations that determines whether or not you find low-priced car insurance for Lyft drivers. Vehicles with reasonable performance levels, good crash test ratings, or a track record of few liability claims will cost quite a bit less to insure than high performance models. The next table estimates insurance rates for a selection of the most cost-effective automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,338 |
| Ford Explorer XLT 4WD | $1,500 |
| Honda CR-V EX 4WD | $1,555 |
| Toyota Tacoma Double Cab 4WD | $1,586 |
| Toyota RAV4 Limited 4WD | $1,594 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,594 |
| Honda Odyssey LX | $1,610 |
| Toyota Prius | $1,628 |
| Ford Focus SEL 4-Dr Sedan | $1,643 |
| Toyota Corolla XRS | $1,703 |
| Ford F-150 Lariat King Ranch 2WD | $1,710 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $1,716 |
| Chevrolet Equinox LT AWD | $1,737 |
| Honda Civic GX 4-Dr Sedan | $1,756 |
| Dodge Grand Caravan SXT | $1,771 |
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Information does not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates considerably.
Looking at the rates, we can conclude that models like the Ford Escape, Ford Explorer, Honda CR-V, and Toyota Tacoma are going to be some of the most budget-friendly vehicles to insure for Lyft vehicles.
Establishing which company quotes the cheapest car insurance rates for Lyft drivers will take a little more sweat in order to find coverage that fits your budget.
Each auto insurance company has a proprietary formula for determining prices, so let’s look at the rankings for the most affordable car insurance companies in San Francisco.
Find Cheaper Auto Insurance for Your Lyft Vehicle
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Wawanesa | $1,181 |
| 3 | CSAA | $1,186 |
| 4 | Century National | $1,214 |
| 5 | Nationwide | $1,226 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,477 |
| 8 | Progressive | $1,512 |
| 9 | Mercury | $1,533 |
| 10 | Allstate | $1,543 |
| 11 | Allied | $1,556 |
| 12 | GEICO | $1,559 |
| 13 | The Hartford | $1,575 |
| 14 | MetLife | $1,654 |
| 15 | Unitrin | $1,682 |
| 16 | State Farm | $1,750 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,795 |
| 19 | Travelers | $1,842 |
| 20 | Farmers | $2,026 |
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USAA offers some of the cheapest car insurance rates in San Francisco at around $1,109 a year. This is $542 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also rank well as some of the lowest-priced San Francisco, CA insurance companies.
In the above rates, if you are currently insured with Nationwide and switched to Wawanesa, you could realize a yearly savings of in the vicinity of $45. Insureds with 21st Century may save as much as $198 a year, and Grange insureds might lower prices by up to $296 a year.
If you want to find out if you’re overpaying, click here to start your free quote or quote prices from the following companies.
Remember that these premium estimates are averages across all ages of drivers and types of vehicles and do not take into consideration an exact vehicle garaging location for Lyft drivers. So the auto insurance company that fits your situation best may not even be in the top 24 companies shown above. That points out the importance of why you need to get quotes using your own driver data and vehicle information.
Careless San Francisco drivers pay higher rates
The best way to find low car insurance premiums in California for Lyft vehicles is to drive attentively and avoid at-fault accidents and violations. The example below shows how speeding tickets and at-fault collisions can impact auto insurance rates for each different age category. The rate quotes are based on a married female driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of auto insurance in San Francisco per year with a clean driving record and no accidents is $2,650. Factor in two speeding tickets and the average cost hikes up to $3,786, an increase of $1,136 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance for Lyft drivers goes up to an average of $7,786. That’s an increase of $5,136, or $428 per month, just for not being a responsible driver!
Discounts on San Francisco auto insurance
Auto insurance companies that provide policies for Lyft drivers may also offer rate discounts that could lower prices by as much as 35% if you are eligible to receive them. A few of the larger companies and a selection of discounts can be read below.
- GEICO offers premium reductions for federal employee, emergency military deployment, membership and employees, anti-lock brakes, and multi-policy.
- MetLife has savings for good student, claim-free, good driver, defensive driver, multi-policy, and accident-free.
- State Farm includes discounts for multiple autos, good driver, student away at school, driver’s education, Drive Safe & Save, and good student.
- Progressive offers discounts for good student, homeowner, multi-vehicle, online signing, multi-policy, continuous coverage, and online quote discount.
- Mercury Insurance offers discounts including age of vehicle, accident-free, good driver, low natural disaster claims, location of vehicle, and professional/association.
- 21st Century may offer discounts for theft prevention, good student, anti-lock brakes, defensive driver, 55 and older, homeowners, and early bird.
- Allstate has discounts for resident student, good payer, anti-theft, premier plus, and early signing.
The illustration below shows the difference between annual premium costs with and without some available policy discounts. The premiums are based on a female driver, no violations or accidents, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with multiple policy, multiple vehicle, anti-theft, defensive driving course, vehicle safety, and passive restraint discounts applied. In this example, theamount saved on car insurance for Lyft drivers is 28% or $738.
The example below demonstrates how choosing different deductibles can impact insurance costs when researching cheap insurance for Lyft drivers. The prices are based on a single female driver, full physical damage coverage, and no discounts are applied.
A 30-year-old driver could cut expenses by $560 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $842 by changing to a $1,000 deductible. Younger drivers, like the Age 20 category, could potentially save up to $1,246 or even more by choosing a higher deductible. When increasing deductibles, it is necessary to have spare funds to offset the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.