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BUY CAR INSURANCE ONLINE NOW

When choosing car insurance, you need to consider factors such as your driving habits, the type of car you drive, and your budget. It’s important to shop around and compare quotes from different insurance companies to find the best rates and coverage options. In addition, you should review your policy periodically to make sure you have adequate coverage and to take advantage of any discounts that may be available. By following these tips, you can find the right car insurance policy to protect yourself and your car on the road.

Key Takeaways

  • Car insurance is a legal requirement in most states and can protect you financially in case of an accident.
  • There are different types of car insurance policies available, including liability, collision, and comprehensive coverage.
  • When choosing car insurance, consider your driving habits, the type of car you drive, and your budget, and shop around to find the best rates and coverage options.

Buy Car Insurance Online Now

Here’s a listicle with a summary of Car insurance companies online, along with their starting pricing for car insurance:

  1. TATA AIG

    • Summary: TATA AIG offers a comprehensive four-wheeler insurance policy with benefits like instant policy issuance and zero paperwork. They provide up to 75%* off on car insurance.
    • Car Insurance Starting Premium: Not mentioned on the search results page.
  2. PolicyBazaar

    • Summary: PolicyBazaar is an online platform that allows users to compare and buy or renew car insurance policies from various insurers. They offer instant quotes and claim to save up to 85% on car insurance.
    • Car Insurance Starting Premium: Starting at ₹2,094*.
  3. Acko

    • Summary: Acko provides an easy and quick process for renewing car insurance online. They claim to offer trouble-free services and allow users to initiate the renewal process within minutes.
    • Car Insurance Starting Premium: Not mentioned on the search results page.
  4. ICICI Lombard

    • Summary: ICICI Lombard facilitates a simple and quick process for purchasing or renewing car insurance online. Users need to enter vehicle details and other information to get coverage.
    • Car Insurance Starting Premium: Not mentioned on the search results page.
  5. InsuranceDekho

    • Summary: InsuranceDekho is an online platform that allows users to buy car insurance policies from top insurers. They offer coverage for accidental damages starting at ₹6/day*.
    • Car Insurance Starting Premium: Starting at ₹2,094*.
  6. Bajaj Allianz

    • Summary: Bajaj Allianz offers four-wheeler insurance with benefits like 24×7 roadside assistance and a high claim settlement ratio. They provide coverage up to ₹15 lakh PA and cashless services.
    • Car Insurance Starting Premium: ₹5,000.00 to ₹30,000.00.
  7. HDFC ERGO General Insurance

    • Summary: HDFC ERGO enables users to buy or renew car insurance online by visiting their website and selecting the policy. They offer coverage for third-party damages and personal accidents.
    • Car Insurance Starting Premium: Starts at ₹2,094*.
  8. Digit Insurance

    • Summary: Digit Insurance allows users to buy or renew car insurance policies online with features like cashless repairs, doorstep pick and repair, and a high IDV. They offer no claim bonus and unlimited liability for damages to third-party.
    • Car Insurance Starting Premium: Starting at ₹2,094*.
  9. IFFCO-Tokio

    • Summary: IFFCO-Tokio offers a smooth and simple process for buying or renewing car insurance policies online. They aim to provide hassle-free services for their customers.
    • Car Insurance Starting Premium: Not mentioned on the search results page.
  10. Coverfox

    • Summary: Coverfox is an online platform where users can visit the car insurance page, fill in their car details, and compare quotes from various insurers.
    • Car Insurance Starting Premium: ₹1,544.00 to ₹18,198.00.

Types of Car Insurance

When it comes to car insurance, there are different types of coverage that you need to understand to make sure you are properly protected. Here are the most common types of car insurance:

Comprehensive Insurance

Comprehensive insurance covers damages to your car that are not caused by a collision with another vehicle. This includes damage from natural disasters, theft, and vandalism. It’s important to note that comprehensive insurance is not required by law, but it may be required by your lender if you have a car loan.

Collision Insurance

Collision insurance covers damages to your car that are caused by a collision with another vehicle or object. This type of insurance is also not required by law, but it may be required by your lender if you have a car loan.

Liability Insurance

Liability insurance is required by law in most states. It covers damages and injuries that you may cause to other people or their property while driving your car. It’s important to note that liability insurance does not cover damages to your own car or injuries to yourself.

Uninsured and Underinsured Motorist Insurance

Uninsured and underinsured motorist insurance covers damages and injuries caused by another driver who does not have enough insurance or no insurance at all. This type of insurance is not required by law, but it’s a good idea to have it to protect yourself in case of an accident.

Understanding the different types of car insurance is important to make sure you are properly protected while driving. Make sure to speak with your insurance agent to determine the best coverage for you and your car.

Best Car Insurance Companies Rates

When it comes to car insurance, finding the right company can be a daunting task. You need to understand the rates and policies of different companies to make an informed decision. Luckily, we’ve done the research for you and have compiled a list of the best car insurance companies rates.

CompanyRate (USD)Rate (INR)
Geico$100Rs. 7,500
State Farm$120Rs. 9,000
Nationwide$110Rs. 8,250
Allstate$130Rs. 9,750
Progressive$115Rs. 8,625

Geico is the best overall car insurance company with the lowest rates. They offer a variety of discounts, including safe driver and good student discounts. State Farm is another great option with competitive rates and excellent customer service. Nationwide is known for their excellent perks for loyal customers, while Allstate is best for accident forgiveness. Progressive offers the best rates for drivers with a history of accidents.

When choosing a car insurance company, it’s important to consider more than just the rates. You need to make sure the company offers the coverage you need and has good customer service. Take the time to research different companies and compare their rates and policies to find the best fit for you.

In summary, Geico, State Farm, Nationwide, Allstate, and Progressive are all great options for car insurance with competitive rates and excellent customer service. Do your research and compare different companies to find the best fit for you.

Cost of Car Insurance

When it comes to car insurance, the cost can vary depending on a number of factors. It’s important to understand what factors affect your premium and how you can potentially lower it.

Factors Affecting Insurance Premiums

There are several factors that can affect your car insurance premium. These include:

FactorExplanation
AgeGenerally, younger drivers pay more for car insurance than older drivers. This is because younger drivers are statistically more likely to get into accidents.
Driving RecordIf you have a history of accidents or traffic violations, your insurance premium may be higher.
LocationWhere you live can also affect your premium. If you live in an area with a high crime rate or a lot of traffic, you may pay more for insurance.
Type of CarThe make and model of your car can also affect your premium. Cars that are more expensive to repair or are more likely to be stolen may have higher insurance rates.
Coverage LevelThe amount of coverage you choose can also affect your premium. A higher coverage level will generally result in a higher premium.

Ways to Lower Your Premium

If you’re looking to lower your car insurance premium, there are a few things you can do:

  • Increase your deductible: By increasing your deductible, you can lower your premium. Just make sure you have enough money set aside to cover the higher deductible if you need to file a claim.
  • Bundle your insurance: Many insurance companies offer discounts if you bundle your car insurance with other types of insurance, such as homeowners or renters insurance.
  • Take a defensive driving course: Some insurance companies offer discounts if you take a defensive driving course. This can also help you become a safer driver.
  • Shop around: Don’t be afraid to shop around for insurance. Compare rates from multiple companies to find the best deal.

By understanding the factors that affect your car insurance premium and taking steps to lower it, you can save money on your insurance while still getting the coverage you need.

How to Choose the Right Car Insurance

When it comes to choosing the right car insurance, there are a few things you need to keep in mind. It can be overwhelming with so many options out there, but don’t worry, we’ve got you covered. Here are some tips to help you find the right car insurance that suits your needs.

Assessing Your Needs

The first step in choosing the right car insurance is assessing your needs. You need to understand what type of coverage you require. Liability insurance is mandatory in most states, but you may also want to consider additional coverage such as collision, comprehensive, or personal injury protection. Assessing your needs will help you determine how much coverage you need and how much you can afford to pay.

Comparing Insurance Providers

Once you have assessed your needs, it’s time to compare insurance providers. You need to look for a reputable insurance company that offers the coverage you need at a reasonable price. Check out customer reviews, ratings, and complaints to get an idea of the company’s reputation. You can also ask for recommendations from family and friends.

Understanding Insurance Policies

Before you sign up for any car insurance policy, make sure you understand what you’re getting. Review the policy carefully and ask questions if you don’t understand something. Make sure you know what is covered and what is not. You should also check the deductibles, limits, and premiums. Understanding the policy will help you make an informed decision and avoid any surprises later on.

Choosing the right car insurance can be daunting, but it doesn’t have to be. By assessing your needs, comparing insurance providers, and understanding insurance policies, you can find the right coverage for your needs. Remember, car insurance is a must-have, so take your time and choose wisely.

Frequently Asked Questions

What are some ways to find cheap car insurance?

Looking for cheap car insurance can be a daunting task, but there are a few ways to make it easier. One way is to shop around and compare rates from different insurance companies. Another way is to consider raising your deductible, which can lower your monthly premium. You can also ask about discounts for things like good driving habits or having multiple cars insured with the same company.

Which car insurance companies offer the best rates?

There are many car insurance companies out there, and the best rates can vary depending on your location, driving history, and other factors. Some popular companies known for offering competitive rates include Geico, Progressive, and State Farm. However, it’s important to shop around and compare rates from multiple companies to find the best deal for you.

Where can I find car insurance near me?

You can find car insurance near you by searching online or asking for recommendations from friends and family. Many insurance companies have local agents who can help you find coverage in your area. You can also check with your state’s insurance department to see a list of licensed insurers in your state.

How can I compare car insurance quotes?

To compare car insurance quotes, you’ll need to gather information about your driving history and the type of coverage you’re looking for. You can then request quotes from multiple insurance companies and compare the rates and coverage options. It’s important to make sure you’re comparing apples to apples, meaning that the coverage limits and deductibles are the same for each quote.

What is the best insurance for a car?

The best insurance for a car depends on your individual needs and circumstances. Factors like your driving record, the type of car you have, and your budget can all influence which insurance company and policy are the best fit for you. It’s important to compare rates and coverage options from multiple companies to find the best insurance for your car.

What factors affect the cost of car insurance?

There are many factors that can affect the cost of car insurance, including your age, driving record, location, and the type of car you drive. Other factors like your credit score, marital status, and the amount of coverage you choose can also impact your rates. It’s important to understand these factors and how they affect your insurance costs so you can make informed decisions about your coverage.

Best Car Insurance Companies at a Glance

Our analysis reveals that American Family is the top-rated car insurance company, earning high marks in several categories. Additionally, USAA, Nationwide, and Auto-Owners have also received 5-star ratings. It’s important to note that USAA, while offering the most affordable rates for good drivers at an average of $1,412 per year, is exclusively available to members of the military community.

Top Picks

  1. Best Car Insurance: American Family

    • Average Rate for Good Drivers: $2,176
    • Customer Complaint Level: Very low
  2. Best for Car Insurance After an Accident: Auto-Owners

    • Average Rate for Good Drivers: $1,628
    • Customer Complaint Level: Low
  3. Best for Collision and Comprehensive Coverage: Nationwide

    • Average Rate for Good Drivers: $2,176
    • Customer Complaint Level: Very low
  4. Best Car Insurance for Military: USAA

    • Average Rate for Good Drivers: $1,412
    • Customer Complaint Level: Average
  5. Best for Drivers Looking for Low-Cost Coverage: Geico

    • Average Rate for Good Drivers: $1,716
    • Customer Complaint Level: Average
  6. Great for Customers Buying a New Vehicle: Travelers

    • Average Rate for Good Drivers: $1,852
    • Customer Complaint Level: Very low
  7. Best for Family Discounts: Westfield

    • Average Rate for Good Drivers: $1,759
    • Customer Complaint Level: Very low

Why Trust Our Insurance Experts

Our experts have rigorously evaluated car insurance companies based on factors like rates, coverage options, and customer complaints. Here are the top-rated car insurance companies of 2023:

  • American Family
  • Auto-Owners
  • Nationwide
  • USAA

These companies have all earned 5-star ratings and are featured in multiple categories, demonstrating their excellence in various aspects of car insurance.

Best Liability Car Insurance: Auto-Owners and USAA

For those seeking liability-only coverage, Auto-Owners and USAA offer the best options. Both insurers provide liability coverage below the national average and hold 5-star ratings in our analysis. Auto-Owners, in particular, offers the cheapest liability-only coverage, with an average rate of $404 per year, while USAA follows closely with an average rate of $466 per year.

Best Car Insurance for Seniors: Auto-Owners, Nationwide, and Travelers

Auto-Owners, Nationwide, and Travelers are highly recommended for drivers aged 60 or older, each earning 5 stars in our best car insurance for seniors rating. Nationwide stands out with the lowest rates for senior drivers, averaging $1,397 per year.

Best Car Insurance for Teens: American Family

When insuring teen drivers, American Family emerges as the best choice, with an average annual rate of $1,556 for policyholders who add a teen driver to their policy.

Best Car Insurance for Drivers with a DUI: USAA and Progressive

For those seeking affordable car insurance after a DUI, USAA and Progressive offer competitive rates. USAA leads with an average annual rate of $2,751, closely followed by Progressive at $2,776.

Best for Lowest Car Insurance Rates: USAA and Auto-Owners

If cost is your primary concern, USAA is the top choice, offering the most affordable average rates at $1,412 per year. If you’re ineligible for USAA, consider Auto-Owners, which boasts the second-lowest rates among insurers in our best cheap car insurance rating.

Best Home and Auto Insurance Bundle: American Family, State Farm, and USAA

American Family, State Farm, and USAA excel in bundling auto and home insurance policies. State Farm offers the most substantial discount of up to 18% on bundled premiums. Nationwide and Auto-Owners also receive recognition in this category.

Best Car Insurance Companies for Claims

Among the insurers featured in our best auto insurance companies rating, the following have received above-average scores in the J.D. Power U.S. Auto Claims Satisfaction Study:

  • Erie (893)
  • State Farm (882)
  • American Family (874)
  • Geico (874)

Best Car Insurance for Low Complaints: American Family

American Family boasts the lowest level of consumer complaints, making it a top choice according to data from the National Association of Insurance Commissioners (NAIC).

Car Insurance Rates by State

Car insurance costs can vary significantly by state. Here are the average costs of car insurance for good drivers in every state:

[Table with state-wise average car insurance rates]

How Much Does Car Insurance Cost?

The average annual car insurance rate for good drivers is $2,067, or approximately $172 per month. However, rates can vary based on factors such as your driving history, location, and coverage needs.

[Table with average car insurance costs for different driver profiles]

Factors That Impact Car Insurance Costs

Car insurance rates are influenced by several factors, including the type of coverage, coverage limits, deductibles, your age, location, claims history, credit-based insurance score, and the vehicle you drive.

How to Save Money on Car Insurance

To lower your car insurance costs, consider these strategies:

  • Explore car insurance discounts, such as good driver discounts and bundling home and auto insurance.
  • Participate in usage-based programs that track your driving habits for potential discounts.
  • Drive safely to maintain a good driving record.
  • Go claims-free to qualify for discounts over time.
  • Maintain a good credit score, which can lead to lower insurance rates.
  • Choose a higher deductible to reduce your premiums.
  • Periodically shop around and compare car insurance quotes.

Usage-Based Car Insurance Programs and Your Rate

Participating in usage-based car insurance programs can lead to lower rates if you drive safely. These programs track your driving habits, including speed, mileage, braking, and acceleration.

Types of Car Insurance

Understanding the different types of car insurance can help you choose the right coverage for your needs. The common types include:

  • Liability Car Insurance
  • Uninsured/Underinsured Motorist Insurance
  • Collision Car Insurance
  • Comprehensive Car Insurance
  • Personal Injury Protection (PIP)
  • Medical Payments Coverage (MedPay)
  • Gap Insurance

How Much Car Insurance Do I Need?

Your car insurance needs depend on factors such as state requirements, lender or lessor requirements (if you finance your vehicle), and your personal assets. It’s essential to carry adequate coverage to protect yourself financially in case of an accident.

How to Find the Best Car Insurance Companies

To find the best car insurance company for your needs:

  1. Determine the type and amount of coverage you require, considering state and lender requirements.
  2. Get and compare car insurance quotes from multiple insurers, both national and regional.
  3. Check auto insurance company ratings and gather feedback from friends, family, and coworkers.
  4. Inquire about potential discounts, such as bundling or good student discounts.

 

DRIVER TYPENATIONAL AVERAGECHEAPEST INSURERCHEAPEST INSURER’S AVERAGE COST
Good driver$2,067USAA*$1,412
After an accident with injury$2,897USAA*$2,093
After an accident with property damage$2,844USAA*$2,079
After a DUI$3,454USAA*$2,751
After a speeding ticket$2,502USAA*$1,709
Poor credit$3,629Geico$2,426
Adding a 16-year-old driver$2,512Erie$1,594
Young driver (18 to 25)$4,521USAA*$2,774
Senior driver$2,323USAA*$1,554
After a gap in coverage$2,584Auto-Owners$1,763

Best Car Insurance Companies

Below, you can compare our top 10 picks for car insurance with our overall ratings out of 5.0 stars and average annual costs for full-coverage insurance.

Best Car InsuranceSuperlativeOur RatingAverage Annual Cost Estimate
State FarmBest Overall4.7$1,481
USAABest for Military4.6$1,054
GeicoBest Discount Availability4.6$1,308
Liberty MutualBest for Teens4.5Not available
TravelersBest Coverage Selection4.5$1,669
ErieBest for Basic Coverage4.4$1,238
ProgressiveBest for High-Risk Drivers4.4$1,611
NationwideBest for Seniors4.4$1,281
Farmers 4.3$2,140
Auto Owners 4.3$1,338

*Cost data from Quadrant Information Services is not available for Liberty Mutual.

 


 

More About The Top 5 Car Insurance Companies

Our team identified State Farm, USAA, Geico, Liberty Mutual, and Travelers as the top car insurance companies. Based on our comprehensive research, these insurers stand out for their wide selection of coverage options, affordable average costs, and positive industry reputations.

#1 State Farm: Best Overall

AM Best financial strength rating: A++

Overall satisfaction on our consumer survey: 4.2/5.0

State Farm is our pick for Best Overall because it offers affordable rates, a variety of upgrade options, and many helpful discounts. State Farm is the largest car insurer in the U.S., with a market share of 16.84 percent according to the NAIC, and it wrote over $46.7 billion in premiums in 2022.

State Farm Car Insurance Cost

Number of discounts: 10

Compared to the average industry cost of $1,730 for full-coverage car insurance, State Farm offers affordable rates of $1,481 on average per year. That’s about 14 percent cheaper. Below, you can see State Farm rates for a few different driving scenarios.

 Average Annual CostAverage Monthly Cost
Full coverage$1,481$123
Minimum coverage$543$45
Full coverage with a speeding ticket$1,726$144
Full coverage with an at-fault accident$1,882$157
Full coverage with a DUI$2,180$182

State Farm rates are competitive and can be especially low if you can take advantage of the insurer’s special discount programs:

  • Drive Safe & Save: This is State Farm’s usage-based insurance app. If you score high enough, you can get up to a 30 percent discount on your premium. The app tracks things such as cornering, hard braking, acceleration, and phone use while driving. It can only give you a discount – it can’t raise your rates for bad driving.
  • Steer Clear: This is an educational app available for drivers under the age of 25. Drivers complete in-app courses, log progress with a mentor, complete driving hours, and receive a certification. All that translates into a discount, which is why we think State Farm is the best auto insurance option for students.

State Farm Auto Insurance Coverage

With State Farm, you can get standard auto insurance policies as well as the following additional coverage:

  • Roadside assistance: State Farm will cover up to one hour of labor at the breakdown site, fluid delivery, spare tire installation, jump-starts, towing, and lockout services.
  • Car rental expense: This option pays for a rental car while your car is in the shop for a covered repair. You can choose the limits of this policy.
  • Travel expense: State Farm will pay up to $500 for food, lodging, and travel if you get into a car accident more than 50 miles from home. This option also includes a trip to retrieve your vehicle.
  • Rental deductible: State Farm will pay up to $500 toward your deductible if you get into an auto accident while driving a rental car.
  • Other insurance products: Other coverage through State Farm includes health, boat, home, life, rental property, and rideshare insurance.

State Farm Car Insurance Reviews

State Farm currently holds a B rating from the BBB, and its customer reviews on the BBB website and Trustpilot are below average. However, in the J.D. Power 2023 U.S. Auto Insurance Study℠, State Farm ranked first in Florida and the Southwest region and above-average in most other regions of the country. This study covered the billing process and policy information, claims, interaction, policy offerings, and price.

On our consumer survey, State Farm scored high for its claims service (4.2), claim settlement value satisfaction (4.2), mobile app (4.2), customer service from agents (4.1), and shopping experience (4.0). Overall, 78 percent of people would recommend State Farm to a friend.

State Farm Pros And Cons

ProsComprehensive coverage offeringsExtensive selection of discountsEasy online quotes process
ConsReported errors with autopayNot available for new customers in Massachusetts or Rhode IslandMixed customer reviews

State Farm Accident Forgiveness

You can qualify for State Farm’s accident forgiveness program if you have had insurance with State Farm for over nine years and have not filed a claim during that time. This is one of the longest qualification periods for accident forgiveness in the market.

To learn more about this car insurance provider, check out our review of State Farm auto insurance.

#2 USAA: Best For Military

AM Best financial strength rating: A++

Overall satisfaction on our consumer survey: 4.3/5.0

If USAA were available to everyone, it would be our first pick overall. However, USAA policies are only available to military members, veterans, and their immediate families. To qualify, you must be a member of the armed services or have a parent or spouse with a USAA membership. Besides that drawback, USAA stands out when it comes to cost, service, and coverage.

USAA Car Insurance Cost

Number of discounts: 10

USAA tends to be the cheapest provider for many types of drivers. It offers average full-coverage rates that are 39 percent cheaper than the industry average. It also offers cheap minimum-coverage policies and affordable coverage on average for drivers with tickets, accidents, or DUIs on their records.

 Average Annual CostAverage Monthly Cost
Full coverage$1,054$88
Minimum coverage$333$28
Full coverage with a speeding ticket$1,397$116
Full coverage with an at-fault accident$1,647$137
Full coverage with a DUI$2,236$186

USAA’s standout discounts include those for military members. It offers a 60 percent discount for military deployment and a 15 percent discount for garaging a vehicle on base.

USAA also offers a usage-based program called SafePilot® that can help drivers save up to 30 percent. The app is a telematics insurance program that tracks safe driving habits and rewards good drivers. It’s available everywhere except California, Delaware, New Jersey, and New York.

USAA Auto Insurance Coverage

On top of the standard options for car insurance, USAA offers:

  • Roadside assistance: Roadside assistance adds coverage for emergency towing, lockout services, gas delivery, and spare tire installation.
  • Rental reimbursement: This option pays toward a rental car after you file a covered insurance claim.
  • Accident forgiveness: In some states, USAA members can purchase accident forgiveness insurance that protects their rates after one accident.
  • Other insurance products: USAA offers numerous insurance products, including motorcycle insurance as well as rideshare, boat, renters, homeowners, collectible, flood, vision, pet, and life insurance.

USAA Auto Insurance Reviews

USAA was not eligible for formal ranking in the J.D. Power Auto Insurance Study. However, the insurer was included in the study and scored highest for customer satisfaction in nearly every region surveyed.

USAA scored well across many areas of our own survey too, including its claims service (4.3), mobile app rating (4.2), customer service from agents (4.2), and confidence that USAA has a customer’s best interest in mind (4.2). Overall, 78 percent of people would recommend USAA to a friend.

USAA Pros And Cons

ProsUSAA offers affordable average car insurance rates and numerous discountsIt’s a good choice for military service members due to its military discounts and resourcesThe company holds a Superior AM Best financial strength ratingYou can purchase a USAA policy in all 50 states
ConsUSAA has strict eligibility requirements and is only available to the military and their familiesThe company is not currently rated by the BBB

To learn more about this car insurance provider, check out our full review of USAA insurance.

#3 Geico: Best Discount Availability

AM Best financial strength rating: A++

Overall satisfaction on our consumer survey: 4.1/5.0

For the majority of drivers, there’s Geico. The company offers some of the most competitive prices on the market, and it’s one of the best auto insurance options available nationwide. We named it Best Discount Availability because it offers 16 discounts that give many different types of drivers a chance to save money. And who doesn’t want that?

Geico Car Insurance Cost

Number of discounts: 16

Geico is another affordable provider compared to the industry. It offers full-coverage rates about 24 percent cheaper than the industry average. Our research shows that Geico offers more generous discounts than many of its competitors, including up to 25 percent off for having multiple vehicles on your policy and up to 15 percent for good students. 

 Average Annual CostAverage Monthly Cost
Full coverage$1,308$109
Minimum coverage$468$39
Full coverage with a speeding ticket$1,791$149
Full coverage with an at-fault accident$2,364$197
Full coverage with a DUI$3,376$281

If you can’t get USAA, you’ll probably find great car insurance rates from Geico. And if you’re a safe driver, you could save even more. Geico offers a usage-based program called DriveEasy.

DriveEasy tracks distracted driving, speed, hard braking, cornering, distance, smoothness, time of day, and weather. Not all of those directly impact your discount. Also, the discount can vary by state. DriveEasy is currently available in 37 states and Washington, D.C.

Geico Car Insurance Coverage

In addition to standard car insurance, GEICO offers:

  • Roadside assistance: Through Geico’s Emergency Road Service, drivers can request roadside assistance right in an app. It includes coverage for towing, jump starts, flat tire changes, and lockout services.
  • Rental reimbursement: This option helps pay rental car costs when your car is being repaired after a claim. Enterprise Rent-A-Car bills Geico directly under this arrangement.
  • Mechanical breakdown insurance (MBI): MBI is similar to an extended car warranty, except you pay for it with your auto insurance policy. This program covers repairs for all mechanical parts, though it doesn’t cover maintenance or regular wear and tear. MBI is available for vehicles under 15 months old or with fewer than 15,000 miles, and it can be renewed annually up to 7 years or 100,000 miles.
  • Other insurance products: Geico offers many kinds of insurance, including boat, rideshare, condo, mobile home, landlord, professional liability, overseas, and jewelry insurance.

Geico Auto Insurance Reviews

Geico has an A+ rating from the BBB and scored well in the J.D. Power Auto Insurance Study. It ranked around average or better in most regions and scored the highest customer satisfaction rating for usage-based insurance.

In our consumer survey, Geico scored well for its mobile app (4.2), claims service (4.2), and value of claim settlement (4.1). Overall, 77 percent of customers would recommend Geico to a friend.

Geico Pros And Cons

ProsA+ rating from the BBB and A++ financial strength rating from AM BestMany choices for coverageHigh level of customer claims satisfactionAvailable in 50 states
ConsAverage quote experience

To learn more about this car insurance provider, check out our full Geico review.

#4 Liberty Mutual: Best For Teens

AM Best financial strength rating: A

Overall satisfaction on our consumer survey: 4.1/5.0

Liberty Mutual earns the fourth spot on our list of best car insurance companies for its programs for teens. Being a young driver is hard because insurance rates tend to be expensive. Teens have a higher risk of getting into an accident, statistically speaking. However, Liberty Mutual makes things more affordable with the following discounts for young drivers:

  • New teen driver discount: Get a discount when you add a new teen to your policy within the last year.
  • Teen driving program discount: Drivers under 21 can get this discount if they complete a qualified training program.
  • Good student discount: This discount applies to students under 25 who maintain a B average.
  • Student-away-at-school discount: If your teen lives away from home and only rarely drives your car, you could save on your policy.

Liberty Mutual Cost

Number of discounts: 13

In our consumer survey, Liberty Mutual customers rated the company slightly higher than average for affordability. The average rating was 3.7 out of 5.0, while Liberty Mutual customers rated the company 3.8 for affordability. While cost data from Quadrant Information Services is not available for Liberty Mutual, we believe it to be an affordable company because of these survey responses.

The company also offers a variety of discounts besides the ones for teens mentioned above. These include: 

  • Homeowner discount
  • Military discount
  • Claims-free discount
  • Violation-free discount
  • Multi-policy and multi-car discounts
  • Discounts for autopay, paying in full, buying online, and paperless billing

Finally, Liberty Mutual’s Right Track® program can help good drivers save up to 30 percent. Depending on where you live, you’ll either use a mobile app or plug-in device to track your driving.

Liberty Mutual Coverage

Liberty Mutual offers some of the best coverage upgrades in the industry. Some companies may offer two or three different options beyond standard coverage, while Liberty Mutual offers ten. Here are the details.

  • Deductible fund: This add-on reduces your deductible by $100 each year (and costs $30 each year for you).
  • Lifetime repair guarantee: With this option, Liberty Mutual will arrange your auto repairs from an approved facility and guarantee the repairs for life.
  • New car replacement: This covers your vehicle for its original replacement cost if you total it within one year of 15,000 miles (from the in-service date).
  • Better car replacement: With this add-on, Liberty Mutual will replace your totaled car with a model one year and 15,000 miles newer.
  • Rental car reimbursement: This covers the cost of a rental car while your car is in the shop after an accident up to a limit. If you go to a Liberty Mutual preferred shop, the coverage will last until the repair is completed.
  • Roadside assistance: This covers towing, battery jump-starts, fuel delivery, spare tire assistance, and lockout assistance.
  • Gap insurance: This covers the difference between your car’s value and what you owe on your auto loan in the case of a total loss.
  • Original parts replacement: This option ensures repairs use original equipment manufacturer parts whenever possible. 
  • Teachers’ auto insurance: This covers up to $2,500 of teaching materials in your car and waives your deductible if your car is vandalized at school or damaged while you’re driving for school business.
  • Mexico car insurance: This option covers your car if you drive into Mexico.

Liberty Mutual Reviews

Liberty Mutual has an A+ rating with accreditation from the BBB. The company performed below average in most regions on the J.D. Power Auto Insurance Study, although it did rank above average for usage-based insurance customer satisfaction.

In our customer survey, Liberty Mutual scored well for claims service (4.1), its mobile app (4.1), and customer service from agents (4.0). Overall, 75 percent of customers would recommend Liberty Mutual to a friend.

Liberty Mutual Pros And Cons

ProsDiscount programs for teen driversMany coverage upgradesHigh customer satisfaction on our survey
ConsBelow-average scores on J.D. Power Auto Insurance Study

#5 Travelers: Best Coverage Selection

AM Best financial strength rating: A++

Overall satisfaction on our consumer survey: 4.2/5.0

Travelers rounds out our top five picks for best car insurance because it offers a great coverage selection including gap insurance, accident forgiveness, and Premier New Car Replacement®. Travelers has been around since 1864 and is the eighth-largest car insurance provider according to the NAIC.

Travelers Cost

Number of discounts: 14

Travelers is a bit more affordable than the industry average. Its annual full-coverage rate of $1,669 falls just below the industry average of $1,730. It also offers more affordable rates for people with points on their driving records than the industry averages for speeding, an at-fault accident, and a DUI.

 Average Annual CostAverage Monthly Cost
Full coverage$1,669$139
Minimum coverage$730$61
Full coverage with a speeding ticket$2,006$167
Full coverage with an at-fault accident$2,193$183
Full coverage with a DUI$2,332$194

Travelers Coverage

Coverage options is where Travelers stands out. In addition to standard options, Travelers offers:

  • Loan/lease gap insurance: If you total your car, this covers the difference between what you owe on the loan or lease and its cash value.
  • Rental coverage: This covers a rental car while your vehicle is in the shop after an accident.
  • Roadside assistance: This covers services to get your car back on the road if it breaks down, needs a tire change, runs out of gas, and more.
  • Premier New Car Replacement: This pays to replace your car with a car up to five model years newer. You need to be the original owner and have purchased the car within the last five years.
  • Accident forgiveness: This option forgives one at-fault accident and keeps your rates from increasing.
  • Responsible Driver Plan℠: This option includes accident forgiveness along with minor violation forgiveness, which forgives one small violation like a traffic ticket.
  • Premier Responsible Driver Plan: With this option, you get accident forgiveness, minor violation forgiveness, plus Decreasing Deductible® and total loss deductible waiver. These lower your deductible by $50 every six months you go without an accident or major violation (up to $500 off) and eliminate your deductible if your car is totaled.

Travelers Reviews

Travelers has an A rating from the BBB at this time, which shows it responds to all complaints on the site. In the J.D. Power Auto Insurance Study, Travelers ranked fourth in New York but performed below average in several other regions.

In our customer survey, Travelers scored high for claims service (4.4), customer service from agents (4.2), and its mobile app (4.2). Overall, 76 percent of customers would recommend Travelers to a friend.

Travelers Pros And Cons

ProsOffers accident forgiveness and new car replacementBBB rating of AOffers 14 discounts
ConsBelow average ratings in J.D. Power Auto Insurance Study for some regions

 


 

How Much Does Car Insurance Cost?

According to our cost data, average rates for 35-year-old drivers are about $1,730 per year for full-coverage insurance. For minimum coverage, drivers pay about $635 per year on average. How much you pay varies greatly by your state, ZIP code, age, vehicle, driving history, and more.

Average Full-Coverage Insurance Rates By Age

Below, you can see how average rates change by age.

AgeAverage Annual Rate
16$6,912
17$5,612
18$4,958
19$3,708
21$2,785
25$2,019
30$1,831
35$1,785
40$1,755
45$1,730
50$1,658
55$1,609
65$1,648
75$1,912

Average Car Insurance Rates By Company

Below, you can see how some of the most popular car insurance companies rank on average cost for full coverage.

Car Insurance ProviderAverage Annual Cost Estimate
USAA$1,054
Erie Insurance$1,238
Nationwide$1,281
Geico$1,308
Auto-Owners$1,338
State Farm$1,481
Progressive$1,611
Travelers$1,669
Allstate$2,088
Farmers$2,140
The Hartford$2,134

What Affects Car Insurance Rates?

While each company calculates the price of its policies differently, here are a few basic factors to consider:

  • Driving record: This is one of the most significant factors in the price of your car insurance. Speeding tickets, DUIs, and reckless driving all raise rates. Depending on the state, your rates can go up for the next three to seven years because of a conviction.
  • Credit score: Generally, a higher score correlates to lower rates, and individuals with lower credit scores often report high auto insurance rates.
  • Years of experience driving: Newer drivers are charged higher rates, while drivers with lots of experience get a break on rates. This is because younger drivers are less experienced and are at higher risk of getting into auto accidents.
  • Where you live: If you live in a densely populated area with many expensive claims, your insurance will cost more even if you’re a good driver with a perfect history.
  • Age: Younger drivers pay more, especially teen drivers, as they have less experience. Teens can pay two or three times what a person in their 40s would pay.
  • Mileage: Lower annual mileage can mean lower premiums from many insurance companies.
  • Previous insurance coverage: Companies like to see that you’ve had continuous coverage throughout your driving career. Gaps in coverage can increase your rates.
  • Claims history: Claims filed within the last few years can also increase your rates.
  • Gender of young drivers: Younger men are more likely to receive higher rates, but costs even out after drivers age beyond their teens.
  • Type of car: Insurance companies will charge you more if you have a luxury or sports car since those cost more to fix. Family-oriented SUVs are a safer choice.

 


 

How To Find Cheap Car Insurance

While many factors affect the price of your car insurance policy, you can do a few things to ensure you are getting the cheapest car insurance. In our team’s nearly 2,000 hours of research into the auto insurance marketplace, we found these tips to make the greatest difference when searching for affordable coverage.

Compare Car Insurance Quotes

When you’re determining how to get cheap car insurance, you should get auto insurance quotes from a number of providers and compare your quotes to ensure you’re paying the best price for coverage.

Car Insurance Discounts

Your car insurance costs can be drastically reduced when you are eligible for multiple discounts, which vary by state and insurance provider. Common offerings are good student discounts, accident-free discounts, multi-policy discounts, safe driving discounts, and savings for cars with safety features.

Check Local And Regional Companies

While big car insurance companies promise you low rates, you can often still find cheaper car insurance prices when you choose a local or regional provider. Finding out how to get cheaper car insurance is often as simple as researching more providers.

Shop Around Every Six Months

Once you choose a car insurance policy, don’t lock yourself in. You have tons of insurance options even after you commit to a provider. Car insurance rates change often so that companies can stay competitive and get new customers. It can be a great idea to review your policy every time it renews, whether that is every six months or every year.

Adjust Your Coverage Limits

You can reduce your monthly premium by changing the coverage you have and getting rid of coverage you may not need. You may be tempted to add optional coverage, but sticking to liability auto insurance can greatly lower your rates.

Consider A Higher Deductible

Like adjusting your coverage amounts, changing your car insurance deductible can impact your monthly insurance premiums and help you save money. If you increase your out-of-pocket deductible from $500 to $1,000, you can see a lower monthly payment.

Usage-Based Car Insurance

Another option for getting cheaper car insurance is to consider trying a usage-based discount. If you drive fewer miles than the carrier’s limit, you can get a deduction for your insurance rate. This can be beneficial if you drive fewer than 10,000 miles per year.

Pay Your Bills On Time

An often-overlooked step in searching for cheap car insurance is the credit score. Having good credit is a crucial factor in determining your car insurance premium in most states. To reap these benefits, pay your bills on time and reduce your debts. Pay down credit cards and car payments to keep your credit balances low.

Improve Your Driving Habits

One of the best ways to get affordable rates on car insurance is to keep a clean driving record. Safe drivers prove to auto insurance companies they are not at high risk for getting into accidents. This means they will usually be cheaper to insure.

When you are searching for cheap car insurance, keep your options open. Compare three or more insurance providers to get a more accurate, and sometimes lower, premium. For more details, check out our full article on how to get cheap car insurance.

Pictures representing popular and common car insurance discounts

 


 

Best Auto Insurance: Conclusion

Following extensive research into the industry and what matters most to consumers, our team names State Farm the Best Overall auto insurer. Drivers can typically find affordable, quality coverage from USAA and Geico as well. However, we recommend reaching out to multiple companies for auto insurance quotes to find the best coverage for your needs.

Because car insurance costs are highly personalized, the only way to know how much you will pay for car insurance is to get a quote.