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
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