Because MoneyGeek believes that all drivers can find cheap auto insurance with good customer service when they shop around, we also included our guide on how to shop around to find the best auto insurance deal 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 companys financial health, and customer service ratings all play a role in your decision-making. Before we dive into the best auto 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 car insurance prices are mostly determined by personal factors such as your age, driving history, address, credit score, and the make and model of car you drive, there are companies out there that are more reliably affordable than others. With many insurance companies offering similar levels of customer service and types of coverage, rates definitely need to factor into your decision.
When you are sure that you are getting quotes from only good insurance companies, you may save some money by buying from a company that offers the best, lowest rates. Some companies provide better value, while others might quote you a little higher but provide excellent customer service, or unconventional coverage options that you will not find from other carriers. Because there are so many variables in play, the best way to find cheap auto insurance is by comparing rates across multiple companies, which is what The Zebra helps with.
Geico offers reliable service, a broad range of coverage options, and, according to our rates estimates, the lowest car insurance rates. Geico has received an A++ (superior) rating from AM Best, meaning that Geico has the financial support to cover customers insurance claims. Our rates estimates indicate drivers paid an average of around $1,350 a year for comprehensive insurance with Geico. Our rate estimates also find that good drivers pay about $1,397 per year for full coverage with Progressive, putting Progressive right behind Geico and State Farm in terms of affordability.
At $200 per year lower than the group average, car insurance from GEICO and Nationwide generally costs an outstanding-credit driver $1,000 a year–about $83 per month. While a driver with credit scores of 670-739 will still pay $200-plus more than a driver at the highest credit tier, there is room to lower insurance costs by choosing GEICO or Nationwide as a car insurance provider. Progressive was the first car insurer to offer a Safe Driver Discount, making the company an excellent choice for individuals with good driving records looking for the lowest-cost auto insurance options.
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. We chose State Farm as one of the best auto insurance companies in the country partly due to usage-based, safe-driving discounts that State Farm offers young drivers. As the nations largest auto insurer, State Farm is no stranger to claims satisfaction: The company boasts a perfect A++ rating from AM Best.
From AM Best, USAA received its highest possible grade, Superior, which indicates financial stability and thus makes it one of the top car insurance companies available today. If you are eligible for an USAA insurance policy, it is one of the best options available. Hartford is the most expensive insurer of the top auto insurers in Bankrates list, and The Hartford also offers the Advantage program, which allows drivers to lock their annual premiums for one whole 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. Allstate offers an array of auto insurance discounts that, depending on your circumstances, can easily make it the most affordable car insurance policy coverage option for many motorists.
GEICO Geicos smart advertising has ensured it remains one of the best-known auto insurance options in the U.S., but its customers know the company for the excellent services and support that it offers, as well as some of the lowest rates in the insurance industry. Geico is also regularly listed as among the lowest-priced providers of auto insurance (and big premiums are big expenses), which no doubt helps with the satisfaction. In addition, the insurance company offers plenty of ways to save, including good drivers discounts (up to 26% off), a good student discount (up to 15% off), and multi-vehicle discounts (up to 25% off). Liberty Mutual offers competitive rates and discounts, with several of them being tailored specifically for younger drivers.
In this case, and if you are looking to still save, you should consider shopping around for insurers that typically offer lower rates for younger drivers. Another thing to consider is that while AAA offers a wide variety of discounts, you must be a member of AAA, which requires paying a annual fee, in order to qualify for coverage and other benefits. The type of vehicle you drive, as you are probably going to want more insurance coverage for higher-value vehicles.
When shopping for car insurance, you need a few basics about yourself, your car, and other drivers listed in the policy. While the location where someone lives and parks their cars overnight, as well as miles driven, are determined exogenously by auto insurance considerations, car type and drivers driving records are critical in setting rates. How to Compare Auto Insurance Rates and Find a Cheap Policy Along with the type and amount of coverage one chooses, auto insurance rates are mostly determined by a variety of individual factors, including ones driving record, age, credit history, the car, and the risk level in ones neighborhood.