A full coverage policy offers robust insurance protection, but if you're looking for even cheaper car insurance you could shop for liability-only coverage. Offering a full range of car insurance coverage plus a variety of discounts to keep rates low, GEICO is To help you figure out whether or not to switch car insurance , MoneyGeek analyzed dozens of insurance companies across hundreds of cities to see which companies offer the lowest premiums. In addition, we examined data by driver type to help determine which company may be the best fit for your needs.
For these initial recommendations, the companies represented here are available in at least 29 states. While they may not offer the cheapest car insurance rates for everyone, they will offer the best deal for many drivers. A hugely important factor car insurance companies consider when calculating your rates is where you live. Insurance is regulated by states, so different states can have very different price levels.
Companies also price differently by where you live within a state, as different cities and towns may have higher or lower risks for car accidents and theft. But companies that are cheap on average for the country as a whole might not be cheap in your state. Excluding USAA, which is only available for military families, the cheapest companies in most states are:. Use the table below to explore the cheapest companies for a full coverage policy, excluding USAA, in your state.
But drivers who are eligible for USAA and who are looking for savings should always get a quote with the insurer; it consistently has some of the most affordable rates in the country.
There are some very affordable car insurance companies that aren't available in more than 29 states but which are still quite large. For example, American Family Insurance offers quotes in 17 states, and is one of the 10 biggest auto insurers in the country. American Family Insurance was the runner-up. Both tend to be affordable options f you live in a state in which they do business. Drivers with moving violations or accidents on their driving record may discover they have higher car insurance rates than drivers with clean driving records.
Car insurance companies see these drivers as a higher risk to insure, and your rates will reflect that risk. Although all companies will raise your rates, some will raise them less than others. Drivers who have had a more serious violation, such as a DUI, may need to buy a SR insurance policy. When comparing drivers with tickets or accidents to the average driver with a clean driving record, drivers with a ticket can expect to pay Car insurance typically costs more with a ticket or accident on your record.
USAA is also a very affordable option for those who are eligible. Unlike with tickets, MoneyGeek found that State Farm is the cheapest widely available insurance company. If you have an at-fault accident, it's a good place to start when shopping for cheap insurance.
One way to keep rates low in the event of an accident is by purchasing accident forgiveness coverage with your car insurance. This option can help you avoid a rate increase in the event of an accident when you are at fault. Companies such as Allstate, Nationwide and Geico offer this option. State Farm offers affordable car insurance policies. Although GEICO isn't the cheapest option for this type of driver, it still offers some of the most affordable rates available.
And USAA remains the cheapest option if you've been in an at-fault accident and have a military background.
Car insurance is available with a range of options, but most states require all drivers to have liability insurance at a minimum. Liability insurance covers the injuries of others and their property when you are at fault in an accident. If you get liability insurance and nothing else, your car insurance policy will be cheaper than one with more coverages.
A full coverage policy includes liability insurance but adds comprehensive and collision coverage. These coverages protect you against the cost of damages to your vehicle, not just the cost of damage or injury to others. Because liability-only insurance covers the other vehicle if you are at fault in an accident, it is usually the most affordable option for coverage.
Depending on your assets, income, and ability to cover vehicle damages or injury costs, you may wish to increase your insurance. GEICO customers can use the mobile app to manage and update their car insurance coverage as needed. While not required by states, some lenders or lease companies may require you to have full coverage that includes liability, collision and comprehensive insurance. This is additional coverage that covers damage to your car, even if it is stolen or damaged due to weather.
One of the personalized factors car insurance companies consider when determining your car insurance rates is your credit score. In general, those with higher credit scores file fewer claims than those with lower credit scores. According to the National Association of Insurance Commissioners NAIC , car insurance companies may offer higher rates to drivers with lower credit scores to compensate for the elevated risk that you'll make more claims.
California, Massachusetts and Hawaii prohibit car insurance companies from using credit scores to evaluate drivers, so drivers in these states will not have to worry about how their score affects their insurance rates. Because they are inexperienced, student drivers are often seen as high-risk, which is reflected in higher car insurance rates for teen drivers. To keep these rates low, students should be added to an existing family policy rather than having a separate policy of their own.
MoneyGeek found that Allstate and State Farm offer the cheapest rates when you're adding a student driver to your policy. Allstate offers its policyholders teenSMART, a training program providing on driving skills to help reduce collision risk. You should shop around to find the best rates for a family policy with a student as rates vary from car insurance company to company.
Many car insurance companies offer special rates to current and retired military members, but only one offers policies explicitly geared to their needs: USAA. Across all driver types where quotes were available — safe drivers, drivers with tickets an accidents, drivers with poor credit — MoneyGeek found that USAA has the most affordable rates on average.
West Virginia. But state averages can tell you only so much. Even within a state, minimum-required car insurance rates can differ. Depending on your driving record, the most affordable car insurance company varies. The tables below show average auto insurance rates from the largest companies for drivers after an accident or DUI.
We found that Geico has the lowest average rate for good drivers and drivers with one at-fault accident. Progressive is cheapest, on average, for drivers with a DUI. Average annual rate after one at-fault accident. Looking for even cheaper auto insurance?
Try a smaller insurer. Drivers with one at-fault accident or a recent DUI can find the most affordable auto insurance rates with MMG and other smaller insurers. Rates vary depending on many personal factors. Be sure to compare car insurance quotes from at least three insurers to find the cheapest auto insurance for you.
Many insurers also use credit-based insurance scores to help calculate car insurance rates. This can make it harder to get cheap car insurance with poor credit in many states. A credit-based score includes the same factors as a regular credit score, such as debt and payment history, but weighs them differently.
Credit can have a shocking impact on insurance costs. Based on our analysis, the company has the lowest average rates for good drivers with poor credit.
Among the smaller companies we have data for, Hastings Mutual has the most affordable car insurance on average. Still, you should always shop around to get the cheapest car insurance rates, no matter your credit history.
Average annual rate for drivers with poor credit. This includes those with a new license, a lapse in car insurance, immigrants and visitors to the U. If you live with your family, it may be cheapest to stay on their policy until your driving history is more robust.
We looked at our highest-rated auto insurers to find the top companies that also offer cheap car insurance. Out of all these companies, Safety has the most affordable car insurance rates on average.
However, it sells auto insurance in only three states. To find affordable car insurance companies, NerdWallet compared rates among the best car insurance companies in for which we have complete pricing data.
Not all companies offer insurance in every state. USAA is often the cheapest, but it is available only to active military, veterans and their families. Here are the best car insurance companies according to our reviews, ranked by average car insurance rate per year. Texas Farm Bureau Insurance.
You may find that you have the most affordable insurance already, but that can change, so check roughly once a year. These tips could help you get lower car insurance rates:. Ask for discounts. For instance, maybe you now work from home and are driving less than when you bought your policy. Mention that and you might get a low-mileage discount.
Rethink your deductible. A higher collision and comprehensive deductible might make sense if you rarely drive or are comfortable with the financial risk. Know when to cut coverage. But if you drive an older car, you can drop comprehensive and collision coverage. Cash in on major life changes. Certain life events could translate to cheaper car insurance, so shop for quotes whenever something major changes in your life.
For instance, many companies offer a lower rate for married couples or domestic partners. Or perhaps you moved to a suburb with lower accident and crime rates. Even if you moved to a more expensive area for car insurance, shopping around can help you get cheaper coverage. Revisit quotes after your driving record improves. Shop for cheap car insurance quotes online three to five years after any accidents, tickets or moving violations.
They may be dropped from your driving record. Shopping around for car insurance quotes is the best way to find cheap auto insurance. Got a cheaper quote and saved money for my car insurance. Page last reviewed: 15 September Last checked 07 September Compare quotes.
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