Compare Self-Employed Worker Car Insurance Rates in 2024 (Top 10 Companies)
Compare best companies for self-employed worker car insurance rates like State Farm, Progressive, and Allstate. Discover why these companies excel in providing tailored coverage, competitive rates, and exceptional service for individuals navigating the demands of self-employment.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Feb 13, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 13, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Compare the top-rated companies offering car insurance for self-employed workers with State Farm, Progressive, and Allstate. Explore how these insurers stand out by providing personalized coverage options, competitive rates, and exceptional customer service tailored to meet the unique demands.
Insurance agents know that there are certain personality traits and job-related factors that will influence how well we perform behind the wheel, and they rate us accordingly. In a recent survey that ranked 60 common job classifications, self-employed individuals paid some of the highest rates in the country.
Company | Rank | See Pros/Cons | Self-Employed Worker Discount | Multi-Policy Discount | Best for |
---|---|---|---|---|---|
#1 | State Farm | Up to 10% | Up to 15% | Personalized Service | |
#2 | Progressive | Up to 12% | Up to 12% | Bundle Discounts | |
#3 | Allstate | Up to 8% | Up to 14% | Customer Service | |
#4 | Geico | Up to 7% | Up to 10% | Online Convenience | |
#5 | Farmers | Up to 9% | Up to 15% | Business-Use Coverage | |
#6 | Liberty Mutual | Up to 10% | Up to 18% | Multi-Policy Discounts | |
#7 | Travelers | Up to 11% | Up to 16% | Safe-Driving Discounts | |
#8 | American Family | Up to 6% | Up to 13% | Customizable Policies | |
#9 | Esurance | Up to 8% | Up to 14% | Quick Claims | |
#10 | AAA | Up to 10% | Up to 15% | Roadside Assistance |
Enter your ZIP code in the FREE box above to start searching for the best car insurance rates from providers in your area.
#1 – State Farm: Drive With Confidence
State Farm stands out as the optimal choice for self-employed workers, offering personalized service, competitive rates, and a 10% self-employed worker discount.
Melanie Musson Published Insurance Expert
Pros
- Personalized service: State Farm offers a personalized approach to cater to individual needs.
- Discounts: Up to 10% discount for self-employed workers and up to 15% for multi-policy holders.
- Reputation: Known for reliability and a strong financial standing.
Cons
- Pricing: Rates may be higher compared to some competitors.
- Limited online features: Online services and features might be less extensive.
Read more: State Farm Car Insurance Review
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
#2 – Progressive: Unleash Savings
Pros
- Bundle discounts: Progressive offers significant discounts for bundling policies.
- Online convenience: Geared towards online users, providing a seamless digital experience.
- Innovative tools: Utilizes technology for tracking and discounts based on driving behavior.
Cons
- Customer service: Some customers report lower satisfaction with customer service.
- Limited personalization: Policies may be less tailored to individual needs.
Read more: Progressive Car Insurance Review
#3 – Allstate: Navigate Safely
Pros
- Customer service: High ratings for customer service.
- Customizable policies: Offers a variety of customizable policy options.
- Discounts: Up to 14% discount for multi-policy holders.
Cons
- Cost: Premiums may be relatively higher for certain profiles.
- Limited online features: Online platform features may be less advanced.
Read more: Allstate Car Insurance Review
#4 – Geico: Effortless Coverage
Pros
- Online convenience: Geico is known for its user-friendly online platform.
- Quick claims: Streamlined claims process for faster settlements.
- Competitive rates: Often provides competitive rates.
Cons
- Discounts: Limited discounts compared to some competitors.
- Customer service: Some customers report mixed experiences with customer service.
Read more: Geico Car Insurance Review
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
#5 – Farmers: Business-Ready Protection
Pros
- Business-use coverage: Specialized coverage options for business use.
- Discounts: Up to 15% multi-policy discount.
- Customer service: Generally positive customer service ratings.
Cons
- Cost: Premiums may be higher compared to some competitors.
- Online features: Online platform features may be less advanced.
Read more: Farmers Car Insurance Review
#6 – Liberty Mutual: Insure With Confidence
Pros
- Multi-policy discounts: Offers significant discounts (up to 18%) for bundling policies.
- Financial stability: Liberty Mutual is financially strong and established.
- Customer service: Positive reviews for customer service.
Cons
- Pricing: Premiums may be higher compared to some competitors.
- Discount limitations: Discounts may have specific limitations and eligibility criteria.
Read more: Liberty Mutual Car Insurance Review
#7 – Travelers: Drive Smart
Pros
- Safe-driving discounts: Offers up to 16% discounts for safe driving habits.
- Financial stability: Strong financial standing.
- Coverage options: Diverse coverage options available.
Cons
- Pricing: Premiums may be relatively higher for certain profiles.
- Limited online features: Online features may be less advanced.
Read more: Travelers Car Insurance Review
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
#8 – American Family: Tailored Protection
Pros
- Customizable policies: Offers customizable policy options.
- Discounts: Up to 13% discount for multi-policy holders.
- Coverage options: Provides a variety of coverage options.
Cons
- Cost: Premiums may be relatively higher for certain profiles.
- Limited discounts: Limited discount options for certain profiles.
Read more: American Family Car Insurance Review
#9 – Esurance: Swift Security
Pros
- Quick claims: Streamlined claims process for faster settlements.
- Online convenience: User-friendly online platform.
- Discounts: Up to 14% discount for multi-policy holders.
Cons
- Customer service: Some customers report mixed experiences with customer service.
- Limited discounts: Limited discount options compared to some competitors.
#10 – AAA: On the Road Support
Pros
- Roadside assistance: Offers roadside assistance benefits.
- Multi-policy discounts: Up to 15% discount for bundling policies.
- Financial stability: AAA is a well-established and financially strong organization.
Cons
- Cost: Premiums may be higher compared to some competitors.
- Discount limitations: Discounts may have specific limitations and eligibility criteria.
Read more: AAA Car Insurance Review
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Stress, Stress, and More Stress
It is no secret that excessive stress can cause a lot of problems in a person’s life. Normally we think of heart attacks, nervous breakdowns, and family issues, but stress can even impact how safe a person is behind the wheel. Out of 60 classifications ranked from cheapest to most expensive, self-employment car insurance rates came in at number 48, with annual premiums of approximately $1,218.
Insurance Company | Full Coverage | Minimum Coverage |
---|---|---|
State Farm | $86 | $33 |
Progressive | $105 | $39 |
Allstate | $160 | $61 |
Geico | $80 | $30 |
Farmers | $139 | $44 |
Liberty Mutual | $174 | $68 |
Travelers | $99 | $37 |
American Family | $117 | $44 |
Esurance | $114 | $46 |
AAA | $86 | $32 |
When considering car insurance options for self-employed workers, it is essential to examine the coverage rates provided by various insurance companies. The coverage rates presented in the table highlight the average monthly premiums for both full coverage and minimum coverage policies.
Notably, State Farm and AAA stand out with the lowest rates for both types of coverage, offering full coverage at $86 and $32, respectively, and minimum coverage at $33 and $32, respectively. Geico also provides competitive rates, offering full coverage at $80 and minimum coverage at $30.
On the other end of the spectrum, Liberty Mutual tends to have higher rates, with $174 for full coverage and $68 for minimum coverage. It is evident that there is a considerable range in coverage rates among the listed insurance companies, providing self-employed individuals with the flexibility to choose a plan that aligns with their budget and coverage preferences.
An individual who has tons of things on the mind and is highly anxious about getting work done is also someone who may not necessarily pay full attention to driving, and that person is more prone to having an accident.
If you know people who are self-employed, you know they have a tendency to be very stressed out.
Financial Stress
When you apply for a new policy, the company you applied with checks your credit rating as part of the quote process. This may put some self-employed individuals at a disadvantage because their credit rating can be artificially affected by their business successes or failures.
In other words, a business owner’s personal finances may be completely in order, having all his bills current and having never missed a payment. Yet if his business suffered a couple of loans that resulted in a few late payments, that would reflect poorly on his credit rating.
Furthermore, insurance companies are smart enough to know that when a company is facing financial stress, owners are not at their best performance. Financial worries coupled with the everyday routine of keeping customers happy can make a very potent situation behind the wheel. Another thing the car insurance companies know is that financial stress is the most difficult part of being a small business owner.
Dual Use of Vehicles
It goes without saying that many small business owners and self-employed contractors use their vehicles for both personal and business use.
This type of scenario is a catch-22 for both the insurance company and the self-employed individual.
If insuring the vehicle for the business, the customer feels as though he’s paying too much; if it’s insured as a personal vehicle, the insurance provider believes it’s taking too high a risk for too little return.
Finding a happy medium between the two is generally difficult to accomplish. In almost every case, a dual-use vehicle will be classified as a business vehicle for insurance purposes. This classification naturally drives insurance rates up.
If business owners cannot afford to keep separate personal and business vehicles, they will end up paying pretty high rates on the single vehicle they do own. Furthermore, for those whose business vehicle is a large van or truck, the expense goes even higher.
Read more:
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Case Studies: Self-Employed Stories of Tailored Coverage, Bundle Triumphs, and Service Excellence
Case Study 1: State Farm – Personalized Service Triumphs
John, a self-employed consultant, sought car insurance that understood his unique needs. State Farm’s reputation for personalized service caught his attention. Balancing personal and business use, John needed coverage that aligned with his high-mileage lifestyle and provided peace of mind.
State Farm’s dedicated agent worked closely with John, tailoring a policy that covered his business needs and offered a 10% self-employed worker discount. The agent’s personalized service made all the difference. John now enjoys comprehensive coverage, seamless customer service, and a 15% multi-policy discount, showcasing how State Farm’s personalized approach met his distinct requirements.
Case Study 2: Progressive – Bundling for Maximum Savings
Emily, a self-employed artist, wanted cost-effective coverage without compromising on protection. Progressive’s bundle discounts piqued her interest. Navigating a high-stress creative industry, Emily needed insurance that offered both flexibility and savings.
Progressive’s user-friendly platform allowed Emily to bundle her car insurance with other policies, securing a 12% discount. The streamlined process and competitive rates aligned perfectly with her needs. Emily now benefits from comprehensive coverage, artistic freedom, and substantial savings, showcasing how Progressive’s bundle discounts cater to self-employed individuals.
Case Study 3: Allstate – Customer Service Excellence
Sarah, a self-employed photographer, prioritized excellent customer service in her insurance provider. Allstate’s renowned reputation for customer service caught her attention. Dealing with high-stress events and equipment transport, Sarah needed a reliable insurance partner with a strong customer service track record.
Allstate’s responsive customer service team addressed Sarah’s concerns promptly. The agent offered a policy with an 8% self-employed worker discount and a 14% multi-policy discount. Sarah now experiences peace of mind during her photography assignments, appreciating Allstate’s commitment to excellent customer service and tailored coverage.
High Mileage
The last thing to consider is the fact that unless their work is specifically designed to be done at home, they will ultimately spend a lot of time on the road driving between customers and suppliers. Simple math dictates that the more miles an individual drives, the greater his chances of an accident or violation. This means naturally higher rates for self-employed individuals who drive frequently.
You can find affordable car insurance rates, even if you’re self-employed, by entering your ZIP code in the FREE box below NOW!
Frequently Asked Questions
What are the average self-employed worker car insurance rates?
The average self-employed worker car insurance rates are approximately $101.50 per month, ranking as the 48th most expensive out of 60 job classifications.
Why do self-employed individuals pay higher car insurance rates?
Insurance companies consider factors such as stress levels, financial stress, dual use of vehicles, and high mileage when determining car insurance rates for self-employed individuals.
How does stress affect car insurance rates for self-employed workers?
Excessive stress can impact a person’s driving ability and increase the likelihood of accidents. Insurance companies take this into account when setting rates.
How does financial stress affect car insurance rates for self-employed workers?
Self-employed individuals may face financial stress due to their business, which can impact their credit rating. Insurance companies consider credit ratings when determining rates.
How does dual use of vehicles affect car insurance rates for self-employed workers?
Many self-employed individuals use their vehicles for both personal and business purposes. Insuring a dual-use vehicle can be challenging, leading to higher insurance rates.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.