Each driver has a unique set of preferences to consider when choosing the best auto insurance provider, but factors such as the type of car, the age of the drivers you insure, the availability of discounts, the financial strength of the company, and customer service scores will all be part of the decision making process. Our editors and reporters have researched dozens of auto insurance companies, considering their average premiums, rebates, financial strength and customer service ratings, to reinforce the best providers. When ranking these insurers, our team took into account staff availability, coverage, pricing, and satisfaction ratings from experts such as J.D. We ranked these companies based on the number of direct awards awarded last year, their A.M. The best valuation, market share and cumulative private auto insurance market share in the country.
While the price of auto insurance depends largely on personal factors such as age, driving history, address, credit score, and the make and model of the car you’re driving, some companies are more reliable than others. When buying auto insurance, look for a financially stable company that offers the best coverage, service, and value in your price range. When considering companies that don’t guarantee their own policies, be sure to check the ratings of the insurance companies they work with. If you think your car is a classic car, you should check with your insurance company to make sure that company classifies your car as a classic car as well.
However, auto insurance rates will ultimately depend on personal factors such as where you live, your credit score (a 770 or higher is recommended for the best deal), the type of vehicle you drive, and the age of the vehicle and regardless of your driving experience with or without an accident. While your residence and overnight parking location and mileage are determined by auto insurance considerations, the type of car and the driver’s driving experience are key in determining rates.
Whether you bundle other auto insurance policies with the same company can also affect whether you get the best deal. Because everyone has a unique risk profile, the only way to ensure you find the best auto insurance deal is to get official auto insurance quotes from multiple companies. When you are confident that you can only get a quote from a quality insurance company, you can save money by purchasing a policy from a company that gives you the best economical quote.
For example, an insurance company may offer several discounts on car safety features, so drivers with more safety technology can get a relatively lower price. Some companies offer better value for money, while some may offer you slightly higher rates but offer superior customer service or custom coverage options that you won’t find with other carriers.
Progressive was the first auto insurer to offer discounts for safe drivers, making the company a great option for people with good driving experience who are looking for the cheapest auto insurance options. While State Farm offers discounts for good driving or accident-free driving, many will be pleased to know that the company maintains lower rates on average even after an accident*, making it one of the best auto insurance companies for the drivers they work with. improve your driving experience or habits. We chose State Farm as one of the best auto insurance companies in the country, in part because of the usage and safe driving discounts State Farm offers to young drivers.
As the largest auto insurer in the U.S., State Farm is no stranger to claims—the company has an A++ rating from AM Best. State Farm has ways every driver can save money, from getting home with good grades as a student driver to combining a car policy with homeowners insurance. State Farm offers a way to offset the cost of adding teen drivers to your policy through student discount coupons and the Steer Clear program for drivers under 25, which tracks driver behavior through an app that also includes quizzes and informational videos .
Liberty Mutual also offers a unique benefit to teachers who can get free auto insurance such as collision and personal property insurance, and vandalism loss protection in some states. You can get all of NJM’s standard car coverage plus extras, including new car replacement coverage for vehicles under 15,000 miles, and pet coverage that pays veterinary fees if they are injured in a traffic accident. For West Coast and West Coast drivers, Mercury Insurance offers coverage of less than $3,000 per year for a teen driver.
Erie Insurance is offered in 12 states in the Mid-Atlantic, North Central and Southeast regions of the United States. Erie Insurance offers some of the best average rates for teen drivers. According to a study by Personal Finance Insider, Erie Insurance Erie appears to be the best insurance overall (in states where it is available) for young adults and new drivers.
Geico received an A++ (Superior) rating from AM Best, which means that Geico has the financial backing to pay for customer claims. The company offers reliable service, a wide range of coverages, and low auto insurance rates based on our rate estimates. Geico is also regularly ranked among the cheapest auto insurance providers (and a big premium is a big expense), which certainly contributes to satisfaction.
Among the top four insurers in the US, Geico stands out for having the lowest average annual rates and the most user-friendly online experience. With the exception of USAA, which is out of reach for most drivers, GEICO has been ranked the top insurance company in the state most times (12 times).
You can visit a company’s profile page to see what extra coverage they offer, what discounts they offer, and read auto insurance reviews to learn about other insurers’ experiences. Many of the discounts are the same across insurers, such as the Safedriver discount offered by just about every insurance company to people who have been proven to consistently drive well. Understanding what you can control can help you get the best insurance rate.
