If you are already familiar with business car insurance, and you simply want to compare the best companies or get a quote, heres a rundown of our top recommendations. Before we dive into a list of the best car insurance options, it is worth noting that not every auto insurance company has your best interests in mind, whether they are offering car insurance quotes or they are following up after an accident. While a single provider may jump out to you right now, you will want to obtain auto insurance quotes from multiple companies so that you can find the best car insurance for you. Along with the company you choose, factors that influence your rates, such as your age, car make and model, and driving history, are why it is important to compare quotes to make sure that you are getting the best auto insurance coverage for you at a great rate.
Your rates may be affected by the state in which you live and the car you drive, and by your driving record and credit score. While car insurance prices are mostly determined by personal factors such as age, driving history, address, credit score, and the make and model of car you drive, some companies are more reliably affordable than others. Companies that have lower prices and lots of opportunities for auto insurance discounts receive better ratings. From there, if you want to get the best bang for your buck, you should compare rates between those insurers to see whether some are offering you rates that are far more affordable than others.
Some companies will provide you the best value, while others might offer slightly higher rates, but they will provide excellent customer service, or they will provide out-of-the-box coverage options that you will not find from other carriers. When you’re sure that you’re only getting quotes from good insurance companies, you may save money by buying your policy with the company that offers the best, lowest-priced rate. One of the best ways to reduce insurance premiums is by qualifying for every available discount. For example, an insurance company might offer multiple discounts for vehicle safety features, so drivers who have lots of safety tech can receive comparably cheaper rates.
In addition, Geico offers several ways to save, including its Good Driver Discount (up to 26% off), its Good Student Discount (up to 15% off), and its Multi-Vehicle Discount (up to 25% off). Progressive was the first car insurance provider to offer safe driver discounts, making the company a good choice for individuals with good driving records looking for a cheaper auto insurance option. While State Farm does offer discounts available for driving well or being car-free, many people will be happy to learn that the company keeps rates lower, on average, even after a crash*, making it one of the best auto insurance companies for drivers working on improving their driving record or habits.
State Farm also offers numerous discounts, including two programs: One for good driving, the other for younger drivers. We chose State Farm as one of the best auto insurers in the country, partly due to its use-based, safe-driving discounts that it offers young drivers. Hartford is the most expensive insurer among the best auto insurance companies on Bankrates list, Hartford also offers an Advantage program, which allows drivers to lock their annual premiums in for the entire year, and receive benefits such as cover for household services that may not be available after a crash, such as a snow-removal service provider.
Geico Auto Insurance offers some of the most competitive rates in the market, and is one of the best car insurance options available nationwide. GEICO Geico’s smart advertising has ensured it remains one of the best-known car insurance options in the U.S., but its customers know the company for the excellent service and support that it offers, as well as some of its cheaper insurance prices. Geico offers reliable service, a broad range of coverage options, and cheapest auto insurance rates, according to our rates estimates.
Geico is also regularly listed as one of the lowest-rated providers for auto insurance coverage (and big premiums are big expenses), no doubt contributing to satisfaction. Our rates estimates also indicate that good drivers are paying around $1,397 a year for comprehensive insurance from Progressive, putting Progressive right behind Geico and State Farm in terms of affordability.
To get a better sense of what you would pay in each state, NerdWallet broke down the rates for full coverage for 35-year-old drivers with good credit who have had no recent accidents, DWIs, or moving violations. We paid particular attention to the claims satisfaction ratings of each company, which are based on J.D.
We also took into consideration AM’s excellent financial strength ratings and claims volumes, which are reported to the National Association of Insurance Commissioners (NAIC). We evaluated these companies by the amount of direct premiums written in the past year, their A.M. Best ratings, their market shares, and the aggregated market share for individual private passenger automobile insurance nationwide. We searched for each of these companies and their relevant subsidiaries on NAICs database to obtain their aggregate claims numbers in the private passenger car insurance category.
Because MoneyGeek believes that all drivers can find affordable auto insurance with good customer service by shopping around, we also included a guide on how to shop around to find the best auto insurance for you, regardless of your situation. Every driver has a unique set of preferences that they must take into account when choosing the best auto insurance provider, but factors like what kind of vehicle you drive, how old the driver is that you are covering, whether discounts are available, a company’s financial health, and customer service ratings all play a role in your decision-making.
One company consistently offers the lowest insurance costs and best customer service overall to military members, veterans, and families of members of the armed services. USAA offers flexible insurance to ride-share drivers across most states, and the company is well-rated for customer service and overall satisfaction. We chose USAA as our top general carrier for delivery drivers insurance, because it is one of the industry’s top-rated carriers.