The Car Insurance Companies Ratings

 

The Best Car Insurance Companies

Finding the best car insurance company for your needs involves considering coverage options, budget, and peace of mind. Our comprehensive analysis provides the insights you need to make an informed decision.

Our Best Car Insurance Companies Rating

#1: USAA

#2: Auto-Owners

#3: Nationwide

#4: State Farm

#5: Geico

#6: Allstate

#6: American Family

#8: Farmers

#9: Progressive

#9: Erie Insurance

Top Rated Car Insurance Companies

Company	Average Annual Rate
USAA	$1,335
Auto-Owners	$1,619
Nationwide	$1,621
State Farm	$2,150
Geico	$1,778

The Best Car Insurance Companies in Detail

USAA

Rating: 4.9

Average Annual Rate: $1,335

Pros:

• Available in all 50 states and Washington, D.C.
• No. 1 for customer service, claims handling, and discounts

Cons:

• Only available to military members, veterans, and their families

Savings vs Overall Average: $733

USAA tops our rating, excelling in customer service and claims handling. It is the least expensive option for various driver categories, including young adults and drivers with speeding tickets.

Auto-Owners

Rating: 4.7

Average Annual Rate: $1,619

Pros:

• No. 1 for customer loyalty
• Low rates for teen drivers and seniors

Cons:

• Only available in 26 states

Savings vs Overall Average: $449

Auto-Owners ranks second overall and first in customer loyalty. It offers competitive rates for drivers with DUIs and teenagers.

Nationwide

Rating: 4.1

Average Annual Rate: $1,621

Pros:

• High customer loyalty scores
• Rates below national average for all driver categories

Cons:

• High rates for drivers with DUIs

Savings vs Overall Average: $447

Nationwide ranks third, performing well in customer service and loyalty. It offers lower rates than the national average for various driver categories.

State Farm

Rating: 4.0

Average Annual Rate: $2,150

Pros:

• Affordable premiums for drivers with poor records
• High renewal likelihood

Cons:

• Higher rates for senior drivers

Savings vs Overall Average: -$82

State Farm ranks fourth with competitive rates for drivers with imperfect records but higher rates for seniors.

Geico

Rating: 3.9

Average Annual Rate: $1,778

Pros:

• Rates below national average
• High recommendation rate

Cons:

• No gap insurance offered

Savings vs Overall Average: $290

Geico ranks fifth with competitive rates and a high recommendation rate, though it lacks gap insurance.

Allstate

Rating: 3.8

Average Annual Rate: $3,374

Pros:

• Easy to contact customer service

Cons:

• Higher rates than national average

Savings vs Overall Average: -$1,306

Allstate ties for sixth in customer loyalty but has higher than average rates.

American Family

Rating: 3.8

Average Annual Rate: $2,170

Pros:

• High ratings for claims handling and discounts

Cons:

• Available in only 19 states

Savings vs Overall Average: -$102

American Family ties for sixth, with competitive rates in certain categories but limited availability.

Farmers

Rating: 3.7

Average Annual Rate: $3,253

Pros:

• High scores for customer loyalty

Cons:

• Higher premiums

Savings vs Overall Average: -$1,185

Farmers ranks eighth with strong customer loyalty but higher premiums.

Progressive

Rating: 3.4

Average Annual Rate: $1,848

Pros:

• Lowest rates for drivers with DUIs

Cons:

• Ranked low in renewal likelihood

Savings vs Overall Average: $220

Progressive is tied for ninth, offering competitive rates for high-risk drivers but lower customer satisfaction.

Erie

Rating: 3.4

Average Annual Rate: $1,532

Pros:

• Lowest rates for teen drivers

Cons:

• Limited to 12 states and Washington, D.C.

Savings vs Overall Average: $536

Erie, tied for ninth, offers some of the lowest premiums but is available in fewer states.

How to Find the Best Car Insurance Company for You

• Understand your state’s laws.
• Check customer reviews.
• Customize your coverage.
• Adapt to life events.
• Lender requirements.

Car Insurance Rates by State

State/City	Overall Average Rate
Alabama	$1,354
Alaska	$1,294
Arizona	$1,626
Arkansas	$1,814
California	$1,782
Colorado	$1,663
Connecticut	$1,567
Delaware	$2,231
Florida	$2,551
Georgia	$1,432
Hawaii	$1,241
Idaho	$992
Illinois	$1,266
Indiana	$1,190
Iowa	$1,215
Kansas	$1,486

Types of Car Insurance

• Collision Insurance: Covers damages from collisions.
• Comprehensive Insurance: Covers non-collision damages.
• Full Coverage Insurance: Includes liability, collision, and comprehensive.
• Gap Insurance: Covers the gap between car value and loan balance.
• Liability Insurance: Covers damages you're legally responsible for.
• Non-Owner Insurance: Covers liability when driving someone else's car.
• Uninsured Motorist Coverage: Covers accidents with uninsured drivers.

How Much Does Car Insurance Cost?

The average annual cost among top insurers is $2,068. Individual premiums vary based on several factors.

What Factors Affect the Cost of Car Insurance?

• Location
• Age and years of driving experience
• Gender
• Car make and model
• Driving record
• Coverage selection