What Auto Insurance is Cheapest for Lyft Drivers in Kansas City?

The words “low-cost” and “auto insurance” really shouldn’t be used in the same sentence, in particular when you are searching for the best price on coverage for Lyft drivers. Because of the high cost, let’s lead off by showing you some of the things that have an impact on car insurance premiums, and come up with some ways to slash the price of your next policy.

Finding out which insurers offer the lowest-priced car insurance rates for Lyft drivers will involve a little more work than just comparing rates from one or two companies. Each auto insurance company uses their own calculation for determining rates, so let’s examine the most competitive car insurance companies in Kansas City, MO.

We do need to point out that Kansas City, MO car insurance rates are calculated based on many things that will increase or decrease the cost of having a policy. Simply getting older, buying another vehicle, or getting caught speeding can cause premium changes that may make certain companies more affordable than competitors.

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Rankings for the cheapest Missouri auto insurance companies
Rank Company Cost Per Year
1 USAA $662
2 The Hartford $809
3 Allied $841
4 Electric $867
5 Auto-Owners $997
6 MO Farm Bureau $1,021
7 Travelers $1,038
8 Nationwide $1,131
9 Farmers $1,139
10 Cameron Mutual $1,166
11 State Farm $1,234
12 American Family $1,291
13 Safe Auto $1,377
14 Progressive $1,410
15 Safeco $1,426
16 GEICO $1,448
17 MetLife $1,458
18 Shelter $1,462
19 California Casualty $1,469
20 Encompass $1,516
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USAA may have some of the most affordable car insurance rates in Kansas City at around $662 a year. The Hartford, Allied, Electric, and Auto-Owners would also make the list of some of the cheapest Kansas City, MO car insurance companies.

In the rate table above, if you have coverage with Electric and switched to USAA, you may see yearly savings of in the vicinity of $205. Customers with Auto-Owners might save as much as $335 a year, and MO Farm Bureau insureds might see rate reductions of $359 a year.

To compare your rates to other Missouri insurance companies, click here or quote prices from the following companies.

Bear in mind that those premiums 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 company that can offer you the best rate may not even be in the top 23 companies in the list above. That point stresses why you need to get auto insurance quotes using your own personal information and vehicle type.

The vehicle model that is being insured is a significant factor when trying to find the lowest-priced coverage for Lyft drivers. Vehicles with average performance, a great safety record, or a positive history of liability claims will cost much less to insure than higher performance models.

The table below showcases insurance rates for the more affordable vehicles to buy insurance for.

Cheapest Vehicles to Insure in Kansas City, MO
Make and Model Estimated Cost for Full Coverage
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,412
Toyota Prius $1,419
Ford F-150 XL Super Cab 4WD $1,440
Honda Odyssey EX W/Rear Entertainment $1,489
Chevrolet Silverado LS Regular Cab 2WD $1,520
Ford Escape XLS 4WD $1,576
Honda CR-V EX-L 4WD $1,615
Jeep Grand Cherokee SRT-8 4WD $1,628
Nissan Rogue SL AWD $1,705
Honda Accord LX-S 2-Dr Coupe $1,715
Hyundai Sonata SE 4-Dr Sedan $1,705
Ford Edge SEL AWD $1,710
Toyota Camry Hybrid $1,736
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Information does not factor in specific garaging location which can change prices substantially.

Based upon these rates, we can infer that models like the Jeep Wrangler, Toyota Prius, Ford F-150, Honda Odyssey, and Chevrolet Silverado are most likely going to be a few of the cheaper vehicles to insure for Lyft vehicles.

One of the many considerations that are looked at to help calculate the amount you pay for auto insurance is where you normally keep your vehicle. Larger areas are more likely to have higher rates, whereas more rural areas have the luxury of cheap car insurance rates.

The next table ranks the most costly cities in Missouri for Lyft drivers in which to buy car insurance. Kansas City shows up at #4 having an annual price of $1,283 for the average insured, which is approximately $107 each month.

How much does car insurance cost in Kansas City, MO?
Rank City Annual Rate
1 Florissant $1,459
2 Saint Louis $1,444
3 University City $1,394
4 Kansas City $1,283
5 Raytown $1,264
6 Wildwood $1,251
7 Mehlville $1,235
8 Kirkwood $1,235
9 Independence $1,227
10 Chesterfield $1,220
11 Ballwin $1,196
12 Lee’s Summit $1,170
13 Joplin $1,160
14 Saint Joseph $1,156
15 Liberty $1,153
16 Saint Charles $1,140
17 Blue Springs $1,138
18 O’Fallon $1,123
19 Wentzville $1,112
20 Columbia $1,089
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Information shown are estimated as the vehicle garaging location can change premium rates considerably.

How to get discounts on Kansas City auto insurance rates

Save on car insurance for Lyft vehicles in Kansas CityCar insurance companies that offer coverage for Lyft drivers could also offer policy discounts that could potentially reduce rates by 35% or more if you are eligible. Larger car insurance companies and a selection of discounts are shown below.

The chart below illustrates the comparison of insurance prices with and without some available policy discounts. The data assumes a male driver, a clean driving record, no claims, Missouri state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, accident-free, anti-theft, vehicle safety, and multiple policy discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on car insurance for Lyft drivers is 28% or $312.

The diagram below demonstrates how deductibles can affect insurance premiums when quoting cheap insurance for Lyft drivers. The premiums are based on a single male driver, comp and collision included, and no discounts are applied.

A 30-year-old driver could lower their policy premium by $342 a year by increasing from a $100 deductible up to a $500 deductible, or save $518 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old category, could drop their prices up to $1,008 every year by choosing larger deductibles on their policy. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have spare funds to satisfy the extra out-of-pocket expense, which is the main drawback of higher deductibles.

The importance of shopping around

Kansas City, MO car insurance rates are calculated based on many things which can substantially change the price you have to pay. Getting older, increasing liability limits, or getting into an accident can trigger price changes resulting in some companies being cheaper than before.

In addition to those changes, auto insurance companies change their prices every year to adjust for unexpected claims or profits. Higher than usual claims can result in rate hikes, while a lower level of claims can produce lower-cost Kansas City car insurance rates.

For instance, the data below shows the companies that have the cheapest car insurance in Kansas City, MO for a 45-year-old male driver with a good driving record, no prior claims, and solid credit. If we look at prices based on his current risk profile, USAA might quote the best car insurance rates in Kansas City at $834 annually. This is $428 less than the average price paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Auto-Owners are the remaining most affordable Kansas City, MO auto insurance companies.

Now we will give the driver from the first example a claim or two, less-than-perfect credit, and a traffic citation. Because every insurance company has a unique formula to set premium rates, comparing rates may now show a slightly different list of the cheapest car insurance companies in Kansas City as shown below.

MO Farm Bureau now has the best auto insurance rate in Kansas City, MO with Nationwide, The Hartford, Farmers, and Cameron Mutual completing the list. This shows why it is important to perform an extensive rate comparison when trying to find the lowest auto insurance rates for Lyft drivers. Insurance rates can be determined by many factors and change frequently, so the most economical company the last time you compared rates may now be wasting a lot of money.