Car insurance is a necessary expense for most Americans, since driving without it is illegal and public transportation options are limited outside of major US cities. Insuring a vehicle can be expensive, especially if you are a new driver or insuring a luxury car, but it can save you thousands of dollars in the event of damage or theft.
The ideal car insurance company combines good coverage with reasonable rates and excellent customer service. While cost is important when shopping for auto insurance, it shouldn’t be the only factor. You will want to choose a company that has a high customer satisfaction rating. That way, the process is smooth and hassle-free when you need to file a claim. At the same time, a good car insurance company will offer plenty of discounts to incentivize good customers.
So what is the best car insurance company? That depends on various factors. Below, Select breaks down the best car insurance companies into five main categories. (See our methodology for more information on how we chose the best car insurance companies.)
Best car insurance companies
Contents
- 1 Best car insurance companies
- 2 Best overall
- 3 Best for wide coverage
- 4 Best for customer satisfaction
- 5 Best for discounts
- 6 Best for military members and veterans
- 7 FAQs
- 8 How does car insurance work?
- 9 What are the different types of car insurance coverage?
- 10 How can I find the best price on car insurance?
- 11 Can you get a refund on car insurance?
- 12 Do car insurance companies check your credit?
- 13 How do car insurance companies pay out claims?
- 14 Bottom line
- 15 Our methodology
- 16 Is Geico cheaper than Progressive?
- 17 Which insurance company is most ethical?
- 18 Is Progressive or GEICO better?
- 19 What are the 5 key drivers?
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Best overall
Geico Auto Insurance
Cost
The best way to estimate your costs is to request a quote See the article : What is temporary car insurance?.
App available
Policy highlights
Geico coverage and services are available in all 50 states and the District of Columbia and 16 different types of discounts are available. In addition to the standard coverage options, Geico offers a variety of optional add-ons, such as emergency roadside assistance, rental car reimbursement and mechanical breakdown insurance.
Pros
Cons
Geico is the best auto insurance company for affordable coverage, offering the lowest average premiums for minimum coverage and full coverage. J.D.’s score is relatively high. It also has a strong customer satisfaction rating, an A++ rating from AM Best and an A+ rating from the Better Business Bureau (BBB). Finally, Geico has a wide variety of insurance products, including homeowners insurance and renters insurance, that make it easy to bundle coverage and save.
Average annual premium for minimum coverage: $365
Average annual premium for maximum coverage: $1,297
Best for wide coverage
Nationwide Auto Insurance
Cost
The best way to estimate your costs is to request a quote To see also : 4 simple ways you can lower your car insurance.
App available
Policy highlights
Nationwide offers personalized services with almost nationwide availability, such as On Your Side® Review, a free annual insurance valuation to ensure you have adequate protection and are taking advantage of any available discounts to you.
Pros
Cons
Nationwide offers one of the broadest auto insurance networks, with coverage available in 47 states and the District of Columbia (all states except Alaska, Louisiana and Massachusetts). This is an important distinction because conglomerates competing for your business mean lower premiums.
In terms of coverage, Nationwide offers some of the lowest average car insurance rates for maximum coverage and some of the highest rates for minimum coverage. If you can bundle your insurance products and save money on full coverage, Nationwide could be a solid choice for you.
Average annual premium for minimum coverage: $549
Average annual premium for maximum coverage: $1,383
Best for customer satisfaction
State Farm Auto Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Policy highlights
State Farm is one of the largest auto insurers based on market share and has a strong reputation for customer satisfaction. It offers 13 discounts, including ones for safe driving and young drivers.
Pros
Cons
According to the National Association of Insurance Commissioners (NAIC), State Farm is the largest auto insurance company in the US, based on market share. He enjoys the highest J.D. grade point average. Power of the companies on this list, which makes it excellent in terms of customer satisfaction.
State Farm’s total coverage premiums are some of the lowest, and the minimum coverage rates are right in the middle. State Farm has an A++ rating from AM Best, indicating better financial health. Beyond auto insurance, State Farm offers a wide variety of other insurance products, so be sure to include whatever you can in your quote. You may be able to save money on the total cost of your policy.
Average annual premium for minimum coverage: $456
Average annual premium for maximum coverage: $1,397
Best for discounts
Farmers Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Policy highlights
Farmers sells auto insurance in every state except Alaska, Delaware, Hawaii, Maine, New Hampshire, Rhode Island, Vermont, Washington, DC, and West Virginia and offers 22 discounts.
Pros
Cons
All car insurance companies offer different discounts to incentivize safe drivers, good students and customers who insure multiple vehicles. The more discounts offered, the higher your potential savings. Farmers Insurance offers 22 discounts on car insurance, the most of any company.
You can save money by enrolling in paperless billing, bundling other insurance products, paying premiums on time and other activities. Regardless of which company you insure your vehicle with, you should find out about the different discounts available. With Farmers, you’ll have more options than other companies.
Average annual premium for minimum coverage: $550
Average annual premium for maximum coverage: $1,524
Best for military members and veterans
USAA Auto Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Policy highlights
USAA auto insurance is available in all 50 states, Washington DC and some international locations. In addition to low rates and coverage options for unique circumstances, such as for active duty members, customers have access to an intuitive mobile app.
Pros
Cons
USAA stands out with high ratings on multiple factors. First, it offers the lowest average premiums. Customer satisfaction is equally important because no one wants to deal with a difficult customer service experience when filing a claim. Fortunately, USAA has the highest JD Power customer satisfaction scores, so you know you’re in “good hands.”
The only catch? It’s not available to everyone – only military members, veterans and their immediate family members are eligible for a USAA car insurance policy.
Average annual premium for minimum coverage: $354
Average annual premium for maximum coverage: $1,209
FAQs
How does car insurance work?
Car insurance covers damage, theft and bodily injury in the event of an accident. You pay a monthly (or bi-annual) premium based on the coverage and type of policy required. In the event of an accident, you can file a claim and your insurance company will pay damages based on different criteria. Filing claims can sometimes lead to higher premiums, so you’ll want to do so carefully. Car insurance companies offer lower premiums to drivers with clean records, as they are less likely to file damage claims.
What are the different types of car insurance coverage?
Car insurance has five main types of car insurance coverage that you can incorporate into your policy. Each offers varying degrees of protection in the event of loss. At the very least, you’ll need liability coverage, which protects against damage and bodily injury. Depending on the level of protection you need, you may want to add additional cover to your policy. Here’s a look at some of those options:
How can I find the best price on car insurance?
You can get the best price for car insurance by requesting a quote directly from each insurance company’s website. Some aggregators will pull quotes from multiple companies when you submit one form.
By shopping around for auto insurance, you can find a plan that works best for your budget and coverage needs. You can save money by combining other products into your policy, such as homeowners insurance and renters insurance.
Can you get a refund on car insurance?
Car insurance is generally paid on a monthly or bi-annual basis. If you have already paid your premium for the policy period and wish to cancel it, you will normally receive a partial refund for the unused portion.
Do car insurance companies check your credit?
How do car insurance companies pay out claims?
In the event of an accident, you can file a claim with your insurance company by calling the claims department. Major insurance companies have mobile apps that allow you to quickly file a claim and upload all the necessary documents in one place.
Auto insurance companies pay claims after investigating and reviewing all related documents. Be sure to consult your policy regarding any limitations on your coverage.
Bottom line
Car insurance is an unavoidable, expensive expense for most Americans, and many companies compete for your business. Understanding how premiums are priced and asking for multiple estimates can save money, while ensuring your vehicle is protected against damage and loss. Take customer satisfaction ratings into account and increase your chances of being a happy customer if you ever have to file a claim.
Our methodology
To determine the best auto insurance companies, Select analyzed dozens of US insurance companies that come with policies to meet a range of needs.
In covering and ranking the best auto insurance companies, we focused on average cost, coverage, availability, ease of use and customer satisfaction using data from the National Association of Insurance Commissioners, AM Best, J.D. ratings. Power and auto insurance premium data from Bankrate .com.
Average annual premium data is based on a 40 year old driver with a clean driving record and good credit. The driver insures a 2020 Toyota Camry, commutes five days a week and drives 12,000 miles per year, with the following total coverage limits:
After reviewing the features above, we’ve sorted our recommendations by best for covering high-value items, best overall, best for broad coverage, best for customer satisfaction, best for Discounts and best for military members and veterans.
Note that the premiums and policy structures advertised for car insurance companies are subject to fluctuation according to the company’s policies.
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Editorial Note: The opinions, analyses, reviews or recommendations expressed in this article are solely those of the Select editorial team, and have not been reviewed, approved or otherwise endorsed by a third party.
Is Geico cheaper than Progressive?
Geico is Cheaper for Good Drivers Geico’s rate for good drivers is lower than the national average and lower than Progressive’s rate, on average. Geico’s rate for drivers with a clean record is the second lowest of all the rates offered by insurers in our study, after USAA.
Is Geico cheaper than other insurance? Geico tends to have the cheapest auto insurance among the top national providers. But Progressive, USAA and Esurance can sometimes beat Geico’s low rates.
Is Geico more expensive than Progressive?
Every homeowner pays a different rate for coverage, but if you’re looking for a cheaper premium, GEICO and Progressive offer discounts. Based on our research, we found that Progressive offers more discounts than GEICO.
Is Progressive the most expensive car insurance?
| Degree | 4 |
|---|---|
| Insurer | Progressive |
| NAIC index | 0.76 |
| J.D. scored Power | 856 |
Is Geico always the cheapest?
Geico is the cheapest auto insurance company overall, with an average rate of $29 per month for minimum coverage. Geico is also the cheapest for drivers with bad credit or a recent accident.
Is Geico always the cheapest?
Geico is the cheapest auto insurance company overall, with an average rate of $29 per month for minimum coverage. Geico is also the cheapest for drivers with bad credit or a recent accident.
How are GEICO rates so low?
Geico is so cheap because it sells insurance directly to consumers and offers many discounts. Selling insurance directly to consumers cuts out the cost of middlemen and allows Geico to have far fewer local offices and agents than companies like State Farm and Allstate.
Who usually has the lowest car insurance?
State Farm and Geico are the most affordable major auto insurance companies in the country. State Farm offers an average rate of $44 per month for a minimum liability policy, 26% below the national average.
Is GEICO cheaper than GEICO?
| Company | Average Annual Rate |
|---|---|
| Geico | $1,719 |
| All over the country | $1,777 |
| The National Media | $2,227 |
Why are Geico rates so low?
Geico is so cheap because it sells insurance directly to consumers and offers many discounts. Selling insurance directly to consumers cuts out the cost of middlemen and allows Geico to have far fewer local offices and agents than companies like State Farm and Allstate.
Is GEICO actually good?
Geico is a reputable auto insurer known for affordable rates and good customer service. The company received fewer than the average number of complaints for its size in 2020, according to the NAIC, and scored 853 out of 1,000 points in the 2022 JD Power US Insurance Shopping Study.
Can you negotiate with GEICO?
You must remember that GEICO claims adjusters are adept at negotiating. Their job is to keep money in GEICO’s pockets. On the other hand, GEICO’s claims that should be settled are likely to be settled. Each side may have to give a little to reach an agreement, but that is the nature of negotiations.
Is anyone cheaper than GEICO?
Who has cheaper insurance than Geico? Geico tends to have the cheapest auto insurance among the top national providers. But Progressive, USAA and Esurance can sometimes beat Geico’s low rates. Keep in mind that your premium depends on your driving record, car, location, age and coverage.
Which insurance company is most ethical?
12 Insurance Companies Among the ‘World’s Most Ethical Companies’ for 2022
- Aflac Incorporated.
- Allianz Life Insurance Company of North America.
- California Blue Shield.
- Cambia Health Solutions.
- CareFirst BlueCross BlueShield.
- Gallagher.
- Health Care Service Corporation.
- Marsh McLennan.
Is Allstate ethical? Recognition. For the eighth consecutive year, Allstate has been named one of the World’s Most Ethical Companies by Ethisphere, a global leader in defining and promoting standards of ethical business practices.
Why is Aflac one of the most ethical companies?
Aflac purchases are made strictly on the basis of quality, fit, service, price and efficiency. Aflac treats its suppliers fairly and equitably, which means we award orders and contracts solely on merit and without favoritism.
What makes a company most ethical?
There are many theories about business ethics, and many different types can be found, but the practices of corporate social responsibility, transparency and reliability, fairness and technological practices are what stand out for business.
Is Aflac an ethical company?
About Aflac Incorporated For 16 consecutive years, Ethisphere has recognized Aflac Incorporated as one of the World’s Most Ethical Companies.
Is there an ethical insurance company?
Prudential has been named one of the World’s Most Ethical Companies, celebrating eight straight years and the company has been recognized by the Ethisphere Institute®, a global leader in defining and promoting standards of ethical business practices.
Is Aflac an ethical company?
About Aflac Incorporated For 16 consecutive years, Ethisphere has recognized Aflac Incorporated as one of the World’s Most Ethical Companies.
Is Progressive or GEICO better?
Geico tends to offer lower rates to most policyholders and has slightly higher customer satisfaction scores. Progressive, on the other hand, has great options for high-risk drivers and more widely available usage-based insurance.
Is Geico the same as Progressive? They are two of the largest auto insurance companies in the United States, but Progressive and Geico have different approaches to providing auto insurance, so which one you should choose depends on what is most important to you. Progressive works with thousands of agents while Geico does business primarily online or by phone.
Is Progressive good at paying claims?
Is Progressive good at paying claims? In the 2021 JD Power Auto Claims Satisfaction Study, Progressive scored 862 out of 1,000 points, which was lower than the industry average of 880. However, AM Best’s high financial strength score reflects the company’s ability to reliably pay claims.
Does Progressive deny claims?
Progressive May Deny Your Car Accident Claim For The Following Reasons. When you report an accident to the at-fault driver’s insurer, they may have a variety of reasons for denying your claim. These include: Assigning full or partial responsibility to you.
Does Progressive insurance have a good reputation?
Yes, Progressive is a good insurance company. Overall, WalletHub editors give Progressive a rating of 4.3/5 for its competitive rates, long list of discounts, and innovative use of technology to encourage price comparison and safe driving.
Is Progressive good with paying claims?
Progressive was rated below average for consumer satisfaction with auto insurance claims and shopping in the 2021 J.D. studies. Power. 7 out of 8 companies.
Is Geico good about paying claims?
Geico is good at paying claims compared to the average insurance company, according to the latest J.D. claims satisfaction survey. Power. Geico scored 881 out of 1,000 for their claims process, compared to the industry average of 880 out of 1,000.
What are the 5 key drivers?
Learn the importance of focusing on five key drivers – cash, profit, assets, growth and people – to earn money and sustain profitable growth. A small problem in one area can have a ripple effect throughout the company.
What are the key drivers? What is a driver key? A key driver, also known as a business driver, is a factor that can affect a company’s success or performance. Key drivers can vary by organisation. Even your direct competitors may use different key drivers to improve their performance.
What are the five key drivers?
The book outlines five key business drivers (cash, profit, assets, growth and people) that we have taught to thousands of employees in hundreds of companies over the past 14 years.
Which of the 5 business drivers is most important?
What is a key driver example?
Examples of key drivers include location, customer satisfaction, cost performance, employee engagement or turnover, and profitability. Companies should simply select a few key drivers, communicate them to staff, and monitor them.
What are the 5 key drivers?
Learn the importance of focusing on five key drivers – cash, profit, assets, growth and people – to make money and sustain profitable growth. A small problem in one area can have a ripple effect throughout the company.
Which of the 5 business drivers is most important?
What is the main driver of business?
What are Business Drivers? Business drivers are the key inputs and activities that drive the operational and financial results of a business. Common examples of business drivers are vendors, number of stores, website traffic, number and price of products sold, units of production, etc.
What are the most important drivers of a successful business?
Learn the importance of focusing on five key drivers – cash, profit, assets, growth and people – to make money and sustain profitable growth. A small problem in one area can have a ripple effect throughout the company.
Which value driver is most important?
Key value drivers include the knowledge, skills, experience, training and creative abilities employees bring to the business and the health of the company culture.
What is a key driver example?
Examples of key drivers include location, customer satisfaction, cost performance, employee engagement or turnover, and profitability. Companies should simply select a few key drivers, communicate them to staff, and monitor them.
What is a key driver of performance?
Key performance drivers (KPDs) are the day-to-day activities required to achieve the desired KPI results. If the KPDs are correctly identified, positive KPIs should, for the most part, lead to positive results in the KPDs.
What do you mean by key drivers?
A key driver, also known as a business driver, is a factor that can affect a company’s success or performance. Key drivers can vary by organisation. Even your direct competitors may use different key drivers to improve their performance.
What are the 5 key drivers?
Learn the importance of focusing on five key drivers – cash, profit, assets, growth and people – to make money and sustain profitable growth. A small problem in one area can have a ripple effect throughout the company.