6 Top Cheapest Car Insurance Companies (April 2022)
Cheapest Car Insurance Companies is a site that provides information on the best and cheapest car insurance companies. The site offers comparisons of different insurers, as well as tips on how to get the most affordable policy. Cheapest Car Insurance Companies is a valuable re for anyone looking to save money on their car insurance premiums.
The site is easy to navigate and provides a wealth of information on the various companies. In addition, Cheapest Car Insurance Companies offers a handy calculator that can help you determine which policy is right for you. Whether you’re looking for the cheapest company or the one that offers the best coverage, Cheapest Car Insurance Companies is worth a visit.
Cheapest car insurance company overall: State Farm
State Farm is the cheapest car insurance company overall, according to our analysis. In addition to offering some of the most competitive rates in the market, State Farm also has a long list of discounts and features that can save you money on your premium. For example, the company offers a safe driver discount for drivers who have no accidents or violations on their record.
State Farm
State Farm also offers a variety of other discounts, including a discount for good students, a discount for taking defensive driving courses, and more. In addition, State Farm offers many different coverage options, so you can tailor your policy to your specific needs. If you’re looking for the cheapest car insurance company overall, State Farm is a great option.
Car insurance is a necessary evil for most drivers. No one wants to pay for it, but it’s required in order to protect yourself financially in the event of an accident. State Farm is the largest car insurance company in the country, and they offer some of the cheapest rates available. Additionally, they have a massive network of local agents, so there’s likely one near you who can help you compare rates. Ultimately, car insurance is a necessary expense, but State Farm can help make it more affordable.
Car insurance company
There are many factors to consider when choosing a car insurance company, such as cost, coverage, and customer service. State Farm is the best and cheapest car insurance company for most drivers, considering that USAA has eligibility restrictions, and Farm Bureau and Auto-Owners are disproportionately expensive when you add more coverage. State Farm offers a variety of coverage options at a competitive price, making it the best choice for most drivers. Thanks to its affordable rates and comprehensive coverage, State Farm is the best car insurance company for most drivers.
State Farm is the best and cheapest car insurance company for most drivers, considering that USAA has eligibility restrictions, and Farm Bureau and Auto-Owners are disproportionately expensive when you add more coverage. State Farm is the largest auto insurance company in the country and has the cheapest widely available rates in 29 states.
Additionally, the company boasts an enormous network of local agents, meaning there’s likely a State Farm agent in your city who can help you compare rates. You can also get a quote online in minutes from State Farm’s website. Overall, State Farm offers the best combination of price, coverage options, and customer service for most drivers.
Cheapest for minimum liability
| 1 | USAA | $98 |
| 2 | State Farm | $109 |
| 3 | Erie | $115 |
| 4 | Farm Bureau | $131 |
| 5 | Auto-Owners | $132 |
Cheapest for full coverage
| 1 | USAA | $98 |
| 2 | State Farm | $109 |
| 3 | Erie | $115 |
| 4 | Farm Bureau | $131 |
| 5 | Auto-Owners | $132 |
Cheapest for minimum liability
| 1 | USAA | $36 |
| 2 | Farm Bureau | $39 |
| 3 | Auto-Owners | $40 |
| 4 | Erie | $42 |
| 5 | State Farm | $44 |
State Farm is one of the leading providers of car insurance in the United States. The company offers a wide range of policy options, including pet coverage, rideshare insurance and roadside assistance.
Customers also have plenty of options to bundle and even further lower their rates. For example, drivers with State Farm can enroll in programs such as Drive Safe & Save to turn good driving habits into lower rates. T
hey can also qualify for a range of discounts, including an accident-free discount, multicar discount and anti-theft discount. As a result, State Farm is an excellent option for drivers who are looking for affordable car insurance.
Cheapest car insurance rates after discounts: Geico
Geico is one of the biggest car insurance companies in the US, and it’s also one of the cheapest. In fact, Geico’s rates are second only to State Farm’s among the biggest insurers. However, Geico may be the cheaper option for you depending on where you live.
The company is the cheapest option in seven states, including California and Florida. Additionally, Geico offers a wide range of discounts that could help you save even more on your premiums.
For example, the company offers discounts for good drivers, members of certain professional organizations, and customers who have multiple policies with Geico. So if you’re looking for cheap car insurance, it’s definitely worth getting a quote from Geico.
Geico has one of the longest lists of discounts available, and how much you can save with each discount is more than most companies. For example, Geico offers safe drivers a discount of up to 22%, compared to the average of 10%.
Having anti-theft devices installed in your car typically saves you up to 15%, but Geico promises savings up to 23%. You can also get a discount for being a good student, completing an approved driver’s education course, or taking steps to reduce your driving risks (like signing up for telematics).
In addition, Geico offers discounts for insuring multiple vehicles, switching from another insurer, and maintaining continuous coverage. These are just a few of the many ways that you can save with Geico.
| Farmers | 21 |
| Geico | 20 |
| Allstate | 20 |
| Travelers | 16 |
| American Family | 16 |
| Liberty Mutual | 14 |
| Progressive | 12 |
| USAA | 12 |
| State Farm | 11 |
| Nationwide | 10 |
Cheapest auto insurance company for a bad driving record: Erie
Erie has long been known for its low car insurance rates, and this is especially true for drivers who have a ticket or accident on their driving record. In fact, you probably won’t find a better rate anywhere else if you have a DUI on your record.
Erie also has a reputation for increasing rates the least after a driving incident. This makes it an ideal choice for drivers who are looking to save money on their car insurance.
While Erie’s rates may not be the absolute lowest, they are certainly competitive and offer a good value for the money. If you are looking for a reliable and affordable car insurance policy, Erie should definitely be at the top of your list.
Erie Insurance Group is one of the few auto insurers that doesn’t penalize its customers for having an accident. If you’re at fault in an accident, Erie will raise your rates by only 25%. That’s well below the industry average of 44%. And if you get a ticket, Erie will raise your rates by only 7%. That’s also well below the industry average.
DUI is another story. If you’re convicted of DUI, Erie will raise your rates by 64%. That’s still below the industry average, but it’s not as competitive as some other insurers.
Allstate, for example, will only increase your rates by 35% after a DUI conviction. So if you’re looking for an insurer that won’t penalize you for having an
Cheapest car insurance companies after a driving incident
| State Farm | $1,313 | $1,463 | $1,633 | $3,590 |
| Erie | $1,379 | $1,469 | $1,721 | $2,257 |
| Auto-Owners | $1,579 | $1,680 | $1,983 | $3,202 |
| Farm Bureau | $1,576 | $1,774 | $2,110 | $2,813 |
| American Family | $1,755 | $2,055 | $2,706 | $2,832 |
Erie also has a strong customer service reputation and a good set of insurance options.
Erie customers who are eligible for its Rate Lock program can avoid premium hikes that could cause rates to creep up over the years. This is a unique program where customers won’t see their rates increase except for three reasons: you move to a different area or change where you park your car, add or remove someone from your policy, or add or remove a car.
That means your rates won’t go up even if you happen to get a ticket or file a claim.
Erie also offers the same car insurance discounts that larger national insurers provide, including bundling multiple insurance policies, having a vehicle equipped with anti-lock brakes or anti-theft equipment or driving safely as a young or senior driver.
The biggest downside to Erie is that it’s only available in 12 states plus DC:
- District of Columbia
- Illinois
- Indiana
- Kentucky
- Maryland
- New York
- North Carolina
- Ohio
- Pennsylvania
- Tennessee
- Virginia
- West Virginia
- Wisconsin
Cheapest car insurance for safe and low-mileage drivers: Metromile
If you drive less than average or are generally a safe driver, a usage-based or pay-per-mile auto insurance company such as Metromile may be the cheapest insurance for you.
Metromile was one of the first companies in the U.S. to determine premiums largely based on mileage. How much driving is too much when shopping with Metromile? Generally, for Metromile to be a good deal, drivers should drive fewer than 10,000 miles per year.
Usage-based insurance is often cheaper than standard car insurance because your rates are largely based on how often and how well you drive. It’s a good option for people who are generally safe drivers but can’t find cheap rates elsewhere because they’re young, have poor credit, live in a congested city or have other risk factors that raise their insurance rates.
That means Metromile is a cheap company for people who are retired or work from home, students who live on campus and young drivers with a clean driving record.
The biggest downside to Metromile 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 less driving or safer driving, like Nationwide, Liberty Mutual or State Farm.
Cheapest car insurance for drivers with poor credit: Farm Bureau
Overall, Farm Bureau is the cheapest auto insurance company for drivers with poor credit, averaging $1,278 per year.
Farm Bureau’s average rate is $32 per year cheaper than the next closest widely available competitor, Geico. The company’s rates are 12% cheaper than average.
| Farm Bureau | $1,278 | $699 | 83% |
| Geico | $1,310 | $766 | 71% |
| Nationwide | $1,349 | $886 | 52% |
| American Family | $1,354 | $741 | 83% |
| Erie | $1,423 | $526 | 171% |
Farm Bureau operates like AAA: nearly every state has a local chapter that offers car 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 car purchases, farm equipment, produce, healthcare, travel, rental cars 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.
Cheapest car insurance company for military members: USAA
USAA is the cheapest company on average by quite a wide margin for drivers who qualify, beating State Farm’s rates by $100 per year on average.
| USAA | $432 |
| Farm Bureau | $472 |
| State Farm | $532 |
| Average of all insurers | $717 |
USAA operates in all 50 states and Washington, D.C., but only active military members, veterans and their families may be eligible. However, as the fifth-largest auto insurance company in the country, it serves almost as many drivers as other big names like Progressive and Allstate.
USAA stands out for more than just affordable rates: It also has one of the best customer service reputations in the industry. The company takes the top spots in J.D. Power’s Auto Insurance Claims Satisfaction Study every year. USAA also has a low complaint index from the National Association of Insurance Commissioners (NAIC), which means customers don’t have many complaints about their service or claims.
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