10 Cheapest Car Insurance Companies (October 2022) – ValuePenguin
cheapest auto insurance company overall: state farm
state farm is the best and cheapest auto insurance company for most drivers.
state farm is the largest auto insurance company in the country and also has the cheapest quotes in 29 states if you are not eligible for usaa. Plus, the company has a huge network of local agents, which means there’s likely a state farm agent in your city who can help you compare the cheapest rates near you.
state farm also has some of the best coverage add-ons at affordable prices, like roadside assistance, rideshare insurance, and pet injury coverage. You also have many options for combining auto insurance with other types of insurance for even cheaper rates.
state farm drivers can enroll in programs like drive safe & save to turn good driving habits into affordable insurance quotes. You may also qualify for a variety of discounts, including an accident-free discount, a multi-car discount, and an anti-theft discount.
cheap car insurance rates after discounts: geico
geico has some of the cheapest auto insurance in the country, second only to state farm among the largest companies.
Depending on where you live, Geico may have cheaper quotes for you than State Farm. Geico is the cheapest company in seven states, including California and Florida.
geico stands out when it comes to potential savings through discounts. Although Geico car insurance rates are a bit more expensive than State Farm on average, you may pay less overall if you qualify for Geico’s many car insurance discounts.
geico has one of the longest lists of discounts available, and the savings you can save with each discount is greater with geico than with most companies.
for example, geico offers safe drivers a discount of up to 22%, compared to 10% on average. Having anti-theft devices installed in your car typically saves you up to 15%, but Geico promises savings of up to 23%.
cheaper companies with discounts
cheapest auto insurance company for people with poor driving records: series
erie has some of the most affordable auto insurance quotes for drivers with a ticket or accident on their driving record. And you probably won’t find a better rate if you have a DUI (driving under the influence) on your driving record. erie also minimizes auto insurance rates after a driving incident.
erie will only increase your rates by an average of 7% if you receive a ticket, while most insurers increase premiums by 22% or more. In the event of an at-fault accident, Erie will only increase your rates by 25% instead of the average 44%. and the average erie quote with dui is $188 per month, an increase of 64%. expect other companies to double your rates after a dui.
the cheapest car insurance companies after a driving incident
erie also has a strong reputation for customer service and a good set of insurance options.
eries customers who are eligible for its rate lock program can avoid premium increases that could cause rates to rise over the years. this is a unique program where customers will not see their rates increase except for three reasons: you change where you park your car, add or remove someone from your policy, or add or remove a car.
erie also offers the same auto insurance discounts as the larger national companies, including combining multiple insurance policies, having a vehicle equipped with anti-lock brakes or anti-theft equipment, or driving safely as a young or older driver.
the biggest disadvantage of erie is that it is only available in 12 states plus dc:
cheapest car insurance for teens and parents: car owners
The cheapest way to get auto insurance for a teen driver is often to stay on the parent’s policy. car owners have some of the cheapest rates for drivers under 21 on their parent’s plan.
The biggest cons are that car owners are only available in 26 states and you’ll need to contact an agent to get a quote.
the cheapest car insurance for teenagers in the parents’ policy
Car owners also consistently score well in customer service ratings. You can contact support or file a claim through your dedicated agent, mobile app, or online account. That’s especially important for young drivers who are in college and may not be able to get home to speak with their local agent in person.
cheap car insurance for safe drivers with low mileage: metromile
If you drive less than average or are generally a cautious driver, a usage-based or pay-per-mile auto insurance company like Metromile may be the most affordable insurance for you.
metromile was one of the first companies in the us. uu. to determine auto insurance quotes largely based on mileage. How long a drive is too long when buying with metromile? In general, for metromile to be a good deal, you must drive less than 10,000 miles per year.
Metromile’s biggest downside is that it’s only available in eight states: arizona, california, illinois, new jersey, oregon, pennsylvania, virginia, and washington. If you don’t live in one of those states, consider other telematics programs that offer discounts for driving less or driving more safely, such as National, Freedom Mutual, or State Farm.
Which drivers could get the cheapest quotes with metromile?
Usage-based insurance is often cheaper than standard auto insurance because its rates are largely based on the frequency and quality of your driving. is a good option for people who are generally safe drivers but can’t get cheap rates because they’re young, have bad credit, or have other risk factors that raise their insurance rates.
cheapest auto insurance for drivers with bad credit: farm bureau
cheapest auto insurance companies with bad credit
The Farm Bureau operates like AAA: Almost every state has a local chapter that offers cheap insurance policies and other benefits to members. Anyone can become a member, not just farmers, but you’ll need to pay an annual membership fee, which can range from $20 to $100 per year. Membership benefits also include discounts on automobiles, farm equipment, produce, health care, travel, car rentals, and more.
Drivers with poor credit typically receive insurance quotes that are 99% higher on average compared to drivers with excellent credit. Improving your credit score is a great way to get big savings on your insurance policy.
Inexpensive military auto insurance quotes: usaa
cheapest liability insurance quotes
usaa covers drivers in all 50 states and washington, d.c., but only active military, veterans and their families may be eligible. However, as the fifth largest auto insurance company in the country, it serves nearly as many drivers as other big names like Progressive and Allstate.
usaa stands out for more than just cheap auto insurance quotes – it also has one of the best customer service reputations in the industry. the company ranks first in j.d. power auto insurance claims satisfaction study each year. usaa also has a low complaint rate from the national association of insurance commissioners (naic), which means customers don’t have many complaints about support or claims.