Top Car Insurance Companies of June 2024
Overview
| Company | Our Advisor Rating | Collision Repair Grade |
|---|---|---|
| Nationwide | 5.0 | C |
| USAA | 4.8 | D+ |
| Travelers | 4.7 | C |
| Erie | 4.6 | A- |
| Progressive | 4.4 | C |
| Geico | 4.2 | C- |
| Westfield | 4.2 | B |
| Auto-Owners | 4.0 | B |
Detailed Insights
Best Overall: Nationwide
- Average Annual Cost: $1,436
- Collision Repair Grade: C
- Digital Experience: Average
Pros:
- Low rates for teens and seniors
- SmartMiles pay-per-mile program
- Accident forgiveness, gap insurance, new car replacement, and vanishing deductible options
Cons:
- Average digital experience
- Collision repair grade is average
Summary: Nationwide offers competitive rates across various driving records and ages, supplemented by a wide range of coverage options and low complaint rates.
Best for Military Members & Veterans: USAA
- Average Annual Cost: $1,364
- Collision Repair Grade: D+
- Digital Experience: Average
Pros:
- Lowest average rate for good drivers
- Accident forgiveness and new car replacement
- Rideshare insurance and low complaint levels
Cons:
- Only available to military members, veterans, and their families
- Collision repair grade is below average
Summary: USAA caters specifically to the military community with low rates and tailored coverage options, making it a top choice for eligible members.
Great for Drivers with Speeding Tickets: Travelers
- Average Annual Cost: $1,521
- Collision Repair Grade: C
- Digital Experience: Average
Pros:
- Responsible Driver Plan with accident and minor violation forgiveness
- New car replacement coverage
- Low level of complaints
Cons:
- Average digital experience
- Collision repair grade is average
Summary: Travelers is ideal for drivers with speeding tickets, offering comprehensive coverage options and competitive rates.
Best for Drivers Who Caused an Accident: Erie
- Average Annual Cost: $1,642
- Collision Repair Grade: A-
- Digital Experience: Poor
Pros:
- Excellent rates for drivers who caused accidents
- Gap insurance, new car replacement, accident forgiveness, and vanishing deductibles
- Rate Lock feature for consistent pricing
Cons:
- Poor digital experience
Summary: Erie excels in providing low rates and excellent service for drivers with accidents on their record, along with high customer satisfaction.
Best for Drivers with a DUI: Progressive
- Average Annual Cost: $1,826
- Collision Repair Grade: C
- Digital Experience: Good
Pros:
- Lowest rates for drivers with a DUI
- Accident forgiveness, gap insurance, and vanishing deductible options
- SR-22 filings available
Cons:
- Average rates for good drivers
Summary: Progressive stands out for drivers with a DUI, offering affordable rates and robust coverage options.
Great for Drivers with Poor Credit: Geico
- Average Annual Cost: $1,597
- Collision Repair Grade: C-
- Digital Experience: Very Good
Pros:
- Competitive rates for drivers with poor credit and other profiles
- Accident forgiveness, non-owner policies, and SR-22 filings
- High digital experience rating
Cons:
- Collision repair grade is below average
Summary: Geico is a solid choice for drivers with poor credit, providing competitive rates and excellent digital services.
Best for Family Discounts: Westfield
- Average Annual Cost: $1,984
- Collision Repair Grade: B
- Digital Experience: Very Poor
Pros:
- Various family discounts, including for teen and young adult drivers
- Gap insurance, new car replacement, and accident forgiveness
- Low complaint levels
Cons:
- Poor digital experience
Summary: Westfield offers numerous family discounts and solid coverage options, making it ideal for families.
Best for New Cars: Auto-Owners
- Average Annual Cost: $1,855
- Collision Repair Grade: B
- Digital Experience: Very Poor
Pros:
- Two types of new car replacement coverage and gap insurance
- Purchase price guarantee and total loss to a new automobile coverage
- Low complaint levels
Cons:
- Poor digital experience
Summary: Auto-Owners provides exceptional coverage options for new car owners, including unique replacement coverage and gap insurance.
Expert Tips for Finding the Best Car Insurance
- Shop Around Regularly: Comparing quotes frequently ensures you get the best rates and coverage.
- Ask for Discounts: Contact your insurer to explore available discounts.
- Use Multiple Resources: Utilize online quotes, local agents, and recommendations from family and neighbors.
Average Car Insurance Costs
- National Average: $2,026 annually ($169 monthly)
- Cheapest Provider for Good Drivers: USAA - $1,364 annually
Car Insurance Rates by State
- Highest: Florida - $3,865
- Lowest: Alaska - $1,913
Types of Car Insurance
- Liability Insurance: Covers damages and injuries to others if you're at fault.
- Uninsured Motorist Insurance: Covers your medical expenses if hit by an uninsured driver.
- Personal Injury Protection (PIP): Covers medical expenses, lost wages, and more, regardless of fault.
- Collision Insurance: Pays for repairs to your car after an accident.
- Comprehensive Insurance: Covers non-collision-related damages like theft or natural disasters.
- Rental Reimbursement: Pays for a rental car while yours is being repaired.
- Gap Insurance: Covers the difference between the insurance payout and the amount owed on a loan or lease.
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