Cheapest Auto Insurance Companies in 2024 (Best Providers for Affordability)
The cheapest auto insurance companies, such as USAA, Geico, and Erie, offer rates as low as $45 per month. Geico has great rates for safe drivers, while State Farm is a good option for those who might be seen as higher risk. Nationwide has low rates and good coverage for bad credit.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Aug 30, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 30, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Min. Coverage
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Min. Coverage
A.M. Best Rating
Complaint Level
Pros & Cons
If you’re on the hunt for the cheapest auto insurance companies, check out big names like USAA, Geico, and Erie, where rates can start as low as $45 a month.
Geico is perfect for safe drivers with great discounts, while State Farm has good deals for high-risk drivers. And if your credit isn’t great, Nationwide has some solid options at competitive prices.
Our Top 10 Picks: Cheapest Auto Insurance Companies
Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
---|---|---|---|---|---|
#1 | 10% | A++ | Exceptional Service | USAA | |
#2 | 25% | A++ | Competitive Rates | Geico | |
#3 | 10% | B | Strong Coverage | Erie | |
#4 | 20% | A+ | Local Agents | State Farm | |
#5 | 12% | A+ | Flexible Options | Progressive | |
#6 | 20% | A | Comprehensive Policies | American Family | |
#7 | 20% | A | Customizable Plans | Farmers | |
#8 | 8% | A++ | Extensive Discounts | Travelers | |
#9 | 25% | A+ | Robust Coverage | Allstate | |
#10 | 25% | A | Reliable Claims | Liberty Mutual |
Although USAA and Geico typically have the most cheap car insurance quotes, the company with the best rates for you depends on your unique situation. Explore your auto insurance options by entering your ZIP code into our free comparison tool above today.
- Cheapest car insurance company depends on your age, gender, and driving habits
- USAA is the overall cheapest auto insurance company
- Regional insurers may offer cheaper rates in your state
#1 – USAA: Top Overall Pick
Pros
- Lowest Military Rates: Offers the cheapest auto insurance at $45 per month, specifically for military members seeking affordable coverage. Gain insights in our detailed USAA auto insurance review.
- Budget-Friendly Safe Driving: SafePilot program provides up to 30% off already low-cost premiums, making it one of the cheapest auto insurance options for safe drivers.
- Affordable Deployment Coverage: Includes special low-cost auto insurance perks for service members during overseas assignments, maintaining cheap rates.
Cons
- Potential Savings Loss: SafePilot program may increase auto insurance rates for detected infractions, potentially offsetting initial low costs.
- Fewer Budget Support Options: Limited local agents may make it challenging for some to maximize their auto insurance savings.
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#2 – Geico: Best for Competitive Rates
Pros
- Affordable Clean Record Rates: Offers $50 monthly auto insurance premiums for drivers with spotless histories seeking low-cost coverage. Have a look at our full Geico auto insurance review for more information.
- Nationwide Low Rates: Accessible cheap auto insurance throughout the US, ensuring consistent affordable coverage during relocations.
- Budget-Friendly Teen Coverage: Charges $250 less per month than competitors for young drivers, offering some of the cheapest teen auto insurance.
Cons
- Post-Claim Rate Jumps: Tends to implement substantial increases to auto insurance rates following accidents, potentially losing its affordable edge.
- No Cheap Mileage Perks: Lacks specific auto insurance discounts for infrequent drivers, potentially making it less affordable for this group.
#3 – Erie: Best for Strong Coverage
Pros
- Stable Cheap Premiums: Unique Rate Lock feature maintains low rates even after filing a claim, ensuring long-term affordable auto insurance coverage. Check out our comprehensive Erie auto insurance review.
- Included Low-Cost Protection: Offers accident forgiveness in standard policies at no extra cost, enhancing the value of its affordable auto insurance coverage.
- Affordable Deductible Benefits: $100 annual collision auto insurance deductible decrease for claim-free years further enhances the cheapness of policies.
Cons
- Outdated Budget Tools: Online and mobile resources for managing cheap auto insurance policies may lag behind more tech-savvy affordable competitors.
- Low-Cost Obscurity: Lower brand recognition may impact trust in Erie’s auto insurance rates for some potential policyholders.
#4 – State Farm: Best for Local Agents
Pros
- Affordable Local Support: Vast network of agents helps customers maximize savings on cheap auto insurance policies. See further details in our in-depth State Farm auto insurance review.
- Low-Cost Student Options: Substantial savings through Steer Clear program make it one of the cheapest auto insurance for young academic drivers.
- Budget-Friendly Claim Handling: Implements smaller rate hikes after claims compared to many auto insurance competitors, maintaining affordability.
Cons
- Missing Budget Gap Cover: Absence of cheap gap auto insurance option may deter some financed vehicle owners seeking comprehensive affordable coverage.
- Pricier Poor Credit Options: Less competitive cheap rates for those with poor credit compared to some low-cost auto insurance companies.
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#5 – Progressive: Best for Flexible Options
Pros
- Significant Low-Cost Tracking Discounts: Snapshot program offers average savings of $145 on already cheap auto insurance for safe drivers. Look into the specifics in our Progressive auto insurance review.
- Affordable Policy Bundles: Up to 12% savings when combining cheap auto with other low-cost coverages like home or renters insurance.
- Budget-Friendly Pet Coverage: Includes cheap pet injury protection in affordable collision policies at no extra charge.
Cons
- Complex Discount System: Intricate requirements may make it challenging to maximize potential savings on cheap auto insurance.
- Risky Low-Cost Tracking: Snapshot participation could increase cheap auto insurance rates for less-than-ideal driving habits, offsetting initial affordable pricing.
#6 – American Family: Best for Comprehensive Policies
Pros
- Low-Cost New Driver Options: Substantial savings through Teen Safe Driver program, making it one of the cheapest auto insurance for newly licensed individuals.
- Cheap Loyalty Benefits: Earn $100 off deductible annually for safe driving, enhancing the affordability of auto insurance coverage over time. Read through our detailed American Family auto insurance review.
- Budget-friendly Accident Protection: Offers forgiveness to eligible policyholders after their first at-fault incident, maintaining cheap auto insurance rates.
Cons
- Varied Cheap Experiences: Average or below-average satisfaction ratings in some areas suggest inconsistencies in cheap auto insurance policy handling.
- Fewer Advertised Savings: Limited publicly advertised discount opportunities compared to some major cheap auto insurance competitors.
#7 – Farmers: Best for Customizable Plans
Pros
- Affordable Telematics Option: Signal app offers up to 15% off cheap auto insurance rates for demonstrating safe driving behaviors. Examine the insights in our Farmers auto insurance review.
- Budget-Friendly Gig Coverage: Specialized cheap rideshare auto insurance is available for Uber or Lyft drivers seeking affordable protection.
- Customizable Policies: Various add-ons allow tailoring cheap auto insurance to balance coverage and affordability.
Cons
- Confusing Affordable Tiers: Three-level cheap auto insurance coverage structure (Standard, Enhanced, Premier) may complicate finding the most affordable option.
- Restricted Cheap Perks: Certain affordable auto insurance opportunities, like alternative fuel vehicle discounts, not universally available.
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#8 – Travelers: Best for Extensive Discounts
Pros
- Short-Term Cheap Evaluation: IntelliDrive program bases cheap auto insurance discounts on 90-day driving performance. Browse our full Travelers auto insurance review for additional information.
- Extended Cheap Replacement: New car replacement coverage on affordable auto insurance policies extends to vehicles up to five years old.
- Cheap Group Options: Partnerships with employers and organizations for potential savings on already affordable auto insurance.
Cons
- Challenging Cheap Claims: Some auto insurance policyholders report difficulties navigating the reimbursement system for low-cost policies.
- Limited Cheap Support: Smaller network of in-person representatives compared to some major affordable auto insurance competitors.
#9 – Allstate: Best for Robust Coverage
Pros
- Substantial Cheap Driving Rewards: Drivewise program offers up to 40% off affordable auto insurance rates for demonstrated good habits. Read more in Allstate milewise review page.
- Budget-Friendly Car Protection: Affordable auto insurance replacement coverage available for vehicles less than two model years old.
- Low-Cost Satisfaction Promise: Offers credit in most states if customers are unhappy with cheap policy claims experience.
Cons
- Expensive Full Cheap Coverage: Comprehensive and collision auto insurance options often pricier than other cheap auto insurance competitors.
- Diminishing Affordable Value: Initial cheap auto insurance discounts may not offset higher base rates for all drivers over time.
#10 – Liberty Mutual: Best for Reliable Claims
Pros
- Budget-Friendly New Car Perks: New car replacement auto insurance coverage ensures affordable full reimbursement for totaled cars less than a year old. Browse our full Liberty Mutual auto insurance review for additional information.
- Low-Cost Rental Coverage: Offers cheap rental car auto insurance coverage with the option to upgrade for luxury vehicles, enhancing affordable policy value.
- Economical Multi-Policy Options: Bundling cheap auto insurance with home or renters policies can lead to significant discounts, further lowering overall insurance costs.
Cons
- Potential Cheap Rate Volatility: Some customers report unexpected increases to their auto insurance premiums, potentially negating initial cheap policy benefits.
- Complex Affordable Discounts: The variety of savings options may make it challenging for customers to ensure they’re getting the cheapest possible auto insurance rates.
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Where to Buy Cheap Auto Insurance for Your Situation
If you’re a good driver, the cheapest car insurance is probably Geico auto insurance. You’ll get better quotes from State Farm auto insurance if you have an accident or DUI on your record, and Nationwide car insurance is cheaper for drivers with bad credit.
The cheapest auto insurance company for you depends on where you live, the coverage you need, and your driving record.
Tim Bain LICENSED INSURANCE AGENT
Not sure which is the right company for you? Finding the right auto insurance company comes down to knowing what kind of driver you are and the policy you need. Insurers consider different variables when determining your rates, and you’re less likely to be surprised by your insurance quotes when you know how you look to a provider.
Take a closer look at each company and read our insurance company reviews below to learn about coverage options and how to get the cheapest rates on auto insurance.
Read More: Best Auto Insurance Companies in 2023
Geico offers the cheapest car insurance rates out of all the popular companies. Coverage is available nationwide, and good drivers with no accidents or claims will get the best rates. Learn more about Geico by visiting our Geico auto insurance review.
Auto Insurance Monthly Rates by Provider & Coverage Level
Insurance Company Minimum Coverage Full Coverage
Allstate $70 $150
American Family $62 $135
Erie $55 $125
Farmers $65 $140
Geico $50 $110
Liberty Mutual $75 $160
Progressive $60 $130
State Farm $58 $120
Travelers $68 $145
USAA $45 $100
Despite having the lowest auto insurance quotes, Geico raises rates higher after a claim than other companies. For example, Geico charges $50 more per month for car insurance rates after an accident versus drivers who only pay $20 more with State Farm. Still, Geico’s rates are cheaper than other competitors, including Progressive and Allstate.
Drivers With the Cheapest Car Insurance Quotes
Drivers who haven’t gotten into an accident, filed a claim, or received any other traffic violation over the past three years get the cheapest insurance rates. You’ll pay even lower rates if you can maintain a clean driving record for five years or more.
Of course, auto insurance for teenage drivers costs the most due to inexperience. Without a driving history, insurance companies consider teen drivers high-risk and charge them more per month.
Auto insurance rates don’t go down until you turn 25, and drivers in their 40s and 50s have the cheapest auto insurance.
Even without a spotless record, you can still find affordable insurance quotes. For example, drivers who work from home or have short commutes can qualify for low-mileage auto insurance discount or save money with a pay-per-mile auto insurance policy. You can also reduce coverage to liability-only on older vehicles to lower rates.
Below, we’ve compared auto insurance rates by age, driving record, and policy type to find the cheapest car insurance companies for any driver. Keep reading to see which is the most affordable insurer based on your coverage needs and driving habits.
Read More: Does auto insurance go down after the first year?
Cheapest Auto Insurance for Good Drivers: Geico
Geico rewards drivers who remain accident and claim-free with the lowest average rates. It also has competitive liability-only and full coverage policies for teens, senior drivers, and those with poor credit if they maintain a clean driving record.
Good drivers can also earn 25% off with Geico DriveEasy, a usage-based insurance (UBI) program that rewards safe driving habits with discounts. However, rates can increase if you speed or drive more at night. So consider when and how you drive before signing up for DriveEasy or any other UBI discount.
Cheapest Auto Insurance by Age
Nothing impacts your auto insurance rates more than your age. Teen drivers pay the highest rates regardless of their insurance company. Insurance prices start to drop after 25 but increase again after 70.
Full Coverage Auto Insurance Monthly Rates by Age & Gender
Insurance Company | Age: 17 Female | Age: 17 Male | Age: 25 Female | Age: 25 Male | Age: 35 Female | Age: 35 Male | Age: 60 Female | Age: 60 Male |
---|---|---|---|---|---|---|---|---|
Allstate | $519 | $448 | $177 | $168 | $160 | $162 | $152 | $153 |
American Family | $390 | $288 | $129 | $109 | $110 | $109 | $104 | $103 |
Farmers | $603 | $573 | $160 | $154 | $133 | $134 | $126 | $127 |
Geico | $254 | $220 | $87 | $90 | $80 | $80 | $76 | $76 |
Liberty Mutual | $633 | $528 | $198 | $173 | $172 | $170 | $163 | $161 |
Nationwide | $387 | $303 | $139 | $127 | $115 | $113 | $109 | $107 |
Progressive | $662 | $591 | $136 | $131 | $195 | $112 | $100 | $106 |
Travelers | $729 | $523 | $106 | $98 | $97 | $96 | $92 | $87 |
U.S. Average | $496 | $411 | $137 | $127 | $118 | $118 | $112 | $109 |
An 18-year-old driver pays hundreds more per month than a 40- or 50-year-old. However, State Farm and Geico each charge teens an average of $250 less per month than their competitors.
Teen drivers are unique since they earn better rates when added to a parent’s or roommate’s existing policy and are eligible for good student and driver’s education discounts in most states. However, teens might require additional coverage, especially if they drive for work, which can drive up rates.
If you’re a young driver or are adding one to a policy, shop around and compare multiple quotes based on the coverage you need.
Cheapest Auto Insurance for Military Members: USAA
Active and retired military members are eligible for discounts based on their service and certain association memberships. For example, USAA offers exclusive savings on auto insurance and other types of property coverage to U.S. military servicemen and women.
You must be active duty, a veteran, or an immediate family member to qualify for USAA auto insurance. Still, its rates are among the cheapest in the nation. If you are a military member, check out our USAA auto insurance review for more information.
USAA is cheaper than Geico and offers full coverage rates at half the national average cost. Eligible drivers can also sign up for USAA SafePilot and earn a bigger discount than with Geico — up to 30% for safe driving habits.
Unfortunately, just like Geico DriveEasy, SafePilot will raise your rates for speeding and distracted driving. It also increases rates after an accident or DUI, so it may not be the cheapest company for high-risk drivers, even as a military member.
Cheapest Auto Insurance for High-Risk Drivers: State Farm
State Farm and Geico are neck-and-neck when it comes to offering the cheapest auto insurance rates. However, State Farm offers the best rates to drivers with accidents, tickets, and DUIs.
Full Coverage Auto Insurance Monthly Rates by Driving Record
Insurance Company | Clean Record | One Accident | One Ticket | One DUI |
---|---|---|---|---|
Allstate | $303 | $237 | $166 | $195 |
American Family | $177 | $166 | $116 | $131 |
Farmers | $191 | $198 | $140 | $176 |
Geico | $213 | $132 | $82 | $107 |
Liberty Mutual | $325 | $236 | $177 | $217 |
Nationwide | $252 | $165 | $120 | $145 |
Progressive | $146 | $190 | $109 | $143 |
State Farm | $124 | $107 | $91 | $102 |
Travelers | $230 | $157 | $107 | $148 |
Average | $218 | $176 | $123 | $152 |
A closer comparison shows that State Farm won’t raise your rates nearly as high after a claim or traffic violation. For example, rates only go up by $10 after a speeding ticket, while Geico raises rates by $20 a month and Liberty Mutual by $40.
Let’s look at how State Farm compares to the competition after an accident or a DUI.
Cheapest Auto Insurance With Poor Credit: Nationwide
Average monthly auto insurance quotes may be more expensive than Geico or State Farm, but Nationwide won’t punish drivers with poor credit scores with steep rate increases. It raises rates by less than 50% between poor and good credit scores, while other insurers hike rates by 70%-80%.
Full Coverage Auto Insurance Monthly Rates by Credit Score
Insurance Company | Poor Credit | Fair Credit | Good Credit |
---|---|---|---|
Geico | $148 | $100 | $82 |
Nationwide | $165 | $132 | $120 |
Travelers | $194 | $127 | $107 |
State Farm | $200 | $117 | $90 |
American Family | $203 | $136 | $116 |
Progressive | $206 | $137 | $109 |
Farmers | $269 | $161 | $139 |
Allstate | $296 | $196 | $166 |
Liberty Mutual | $357 | $226 | $176 |
Average | $226 | $148 | $123 |
Nationwide adds about $45 to your monthly bill if you have poor credit, still $60 less per month than the national average. Compared to Geico, which increases rates by 71%, or American Family raising rates by 83%, you can save a lot of money with Nationwide. If you have bad credit, check out our Nationwide car insurance review for more information.
Drivers with bad credit can also sign up for Nationwide SmartRide and save 10% by using UBI.
Unlike USAA SafePilot and Geico DriveEasy, SmartRide doesn’t increase rates for speeding, using your phone, or driving at night. Safe drivers with poor credit scores can save an average of 21% on their annual rates.
Cheapest Auto Insurance With Discounts: Geico
Geico has 16 car insurance discounts for drivers. Most automatically apply to your policy, but you may have to ask for others, such as military or federal employee discounts.
Some companies may offer more discounts than Geico. You’ll notice that Geico doesn’t offer popular ones like low-mileage or paid-in-full. However, it’s the cheapest auto insurance company with discounts because it offers lower rates than many other national insurers.
Geico offers uncommonly high discounts for anti-theft systems (23%), safe driving (22%), and new vehicles (15%). Active military members can also earn additional discounts for emergency deployment (25%).
The only discount not listed above is the air bag discount, which saves drivers up to 23% annually by having driver-side and passenger-side air bags.
Cheapest Pay-Per-Mile Auto Insurance: Metromile
Metromile was one of the first companies to make pay-per-mile car insurance competitive, and it continues to offer the best rates to low-mileage drivers.
The company uses the Metromile Pulse, a wireless telematics device that connects to your vehicle and tracks your daily mileage. It doesn’t track driving habits or use them to determine your rates, but it provides a GPS tracking system when you can’t find your vehicle.
If Metromile is available in your state, you pay a monthly rate of $29 plus six cents per mile driven.
However, Metromile is only available in eight states: Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington. Further, there are daily mile limits that vary by state. For example, New Jersey caps mileage at 150 miles per day, and California caps it at 250. Going over these limits can raise your rates.
Pay-per-mile coverage isn’t for everyone. Only drivers on the road less than 8,000 miles annually benefit from this insurance type. However, despite its limited availability, Metromile is the cheapest choice for drivers eligible for pay-per-mile coverage. Check out our Metromile auto insurance review for more information.
Cheapest Auto Insurance by State
Now that you know the cheapest car insurance companies, you can start comparing quotes where you live. Local insurance laws determine the minimum auto insurance required by state, which impacts the average auto insurance rates in each state listed below.
Full Coverage Auto Insurance Monthly Rates by State
State | Rates |
---|---|
Alaska | $103 |
Alabama | $105 |
Arkansas | $116 |
Arizona | $112 |
California | $140 |
Colorado | $115 |
Connecticut | $123 |
District of Columbia | $129 |
Delaware | $156 |
Florida | $142 |
Georgia | $132 |
Hawaii | $83 |
Iowa | $86 |
Idaho | $77 |
Illinois | $92 |
Indiana | $92 |
Kansas | $111 |
Kentucky | $145 |
Louisiana | $173 |
Massachusetts | $101 |
Maryland | $129 |
Maine | $80 |
Michigan | $238 |
Minnesota | $124 |
Missouri | $102 |
Mississippi | $105 |
Montana | $107 |
North Carolina | $86 |
North Dakota | $124 |
Nebraska | $104 |
New Hampshire | $86 |
New Jersey | $138 |
New Mexico | $105 |
Nevada | $114 |
New York | $138 |
Ohio | $82 |
Oklahoma | $118 |
Oregon | $102 |
Pennsylvania | $112 |
Rhode Island | $143 |
South Carolina | $117 |
South Dakota | $109 |
Tennessee | $102 |
Texas | $133 |
Utah | $96 |
Virginia | $81 |
Vermont | $93 |
Washington | $80 |
Wisconsin | $94 |
West Virginia | $116 |
Wyoming | $104 |
Your rates will vary based on age, gender, and driving record. For example, male drivers may pay a little more than what’s listed above and women a little less, so compare quotes from multiple companies to see which offers the best price.
It’s important to compare at least three auto insurance companies near you to determine what coverage is available and at what price. Your state insurance laws determine your minimum coverage, how much insurance companies can charge, and what kind of policies they can offer.
Certain insurance coverages offered by the above companies may be unavailable in your state. If unique coverage options such as UBI or pay-per-mile insurance decide where you shop, take advantage of our free comparison tool above to see what’s available with companies near you.
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Other Factors That Affect Auto Insurance Rates
You’ve seen how many factors affect your car insurance rates — insurance companies consider age and gender the biggest risk indicators, with teen males paying the most for coverage. The next largest risks are driving record, credit score, and ZIP code.
Here are a few other things to watch out for that can make you appear riskier to insurance companies:
- Vehicle Make and Model: Sports and luxury vehicles have higher average insurance quotes because they cost more to repair after a claim.
- Claims History: Even minor claims that don’t involve collisions can raise your rates by 20%-40%.
- Commute: More time on the road leads to an increased likelihood of an accident. Long work commutes cost you a low-mileage discount and raise your average rates.
Awareness of all the elements impacting your quotes can make shopping for auto insurance less stressful. Even if you don’t qualify for the lowest average rates, knowing what to expect gives you the tools to negotiate for the cheapest auto insurance in your unique situation.
How to Buy Cheap Auto Insurance Near You
If you’re looking for a cheap car insurance company, consider your driving record and how much coverage you need. There are quite a few other variables that impact how much an insurance company charges, but you can follow the tips below to reduce your average rates:
- Get Various Auto Insurance Discounts: Geico offers the biggest discounts, but the list is limited. You may qualify for lower rates with other companies by asking for the four main discount types: driver safety discounts, vehicle safety discounts, policy discounts, and lifestyle discounts.
- Purchase a Cheaper Car: The cheapest cars to insure are the Ford F-150 and Honda CR-V, but other vehicles with high-safety ratings and advanced anti-theft systems will get you the lowest rates.
- Reduce Coverage: Don’t carry full coverage insurance if you don’t need it. Buying liability-only insurance for an older vehicle you own will lower your average monthly rates.
- Compare Auto Insurance Quotes Online: You’ll get the best rates on auto insurance if you compare at least three different companies. The more quotes you compare online, the more accurate your average will be when you buy your policy.
Generally, the cheapest auto insurance companies for full coverage are Geico and State Farm. However, drivers in some states will find better rates with regional companies like Erie and Farm Bureau Mutual.
State Farm offers cheap high-risk auto insurance depending on your driving and claims history, but teens will get lower quotes from Erie. Nationwide is less likely to raise your rates as high as some other insurers if you have poor credit.
However, auto insurance rates vary by driver, and some of these cheap insurance companies may not be available where you live. If you need affordable auto insurance today, use our free comparison tool below and get insurance quotes from the cheapest car insurance companies in your neighborhood.
Read More: Farm Bureau Auto Insurance Review: Should you buy?
Frequently Asked Questions
What is auto insurance?
Auto insurance is a type of financial protection that covers you against losses that may occur due to accidents or damages involving your vehicle. It typically includes coverage for property damage, medical expenses, and liability for injuries or damages caused to others. Read our full article titled “What is auto insurance?”
Why should you buy auto insurance?
Purchasing auto insurance is mandatory in most regions, and it provides essential financial protection against potential liabilities resulting from accidents. Without insurance, you would need to cover the costs of damages or injuries out of pocket, which can be extremely expensive.
If you’re just looking for coverage to drive legally, enter your ZIP code below to compare cheap auto insurance quotes near you.
How can I buy cheap auto insurance?
To buy affordable auto insurance, you should compare quotes from multiple insurance companies to find the best rates. It’s important to consider factors such as your driving record, the type of coverage you need, and any discounts you may qualify for to secure low rates.
What factors affect auto insurance rates?
Several factors can influence auto insurance rates, including your age, driving history, credit score, location, and the type of vehicle you drive. Insurance providers assess these factors to determine the risk level and the corresponding premium amount.
How to find cheap auto insurance?
To find cheap auto insurance, start by shopping around and comparing quotes from different insurers. Consider opting for higher deductibles, maintaining a clean driving record, and taking advantage of available discounts. Additionally, some insurers offer lower rates for customers who bundle policies or drive fewer miles.
Read More: How much does auto insurance cost?
What company has the cheapest auto insurance?
The company with the cheapest auto insurance varies depending on your personal circumstances, such as your location, driving record, and credit score. Generally, companies like Geico, State Farm, and USAA are known for offering competitive rates. However, it is advisable to compare multiple insurers to find the most affordable option for you.
What is the cheapest car insurance for?
Companies like USAA, Geico, and Erie are often highlighted as the cheapest car insurance providers. These companies offer low rates for various types of drivers, including safe drivers, high-risk drivers, and those with poor credit scores. To find the cheapest option, consider comparing personalized quotes.
What is the best affordable auto insurance?
The best affordable auto insurance is one that offers the necessary coverage at a competitive price while meeting your specific needs. Geico and State Farm are often cited as providers with both low rates and strong customer service. The ideal choice depends on your individual requirements and the discounts you qualify for.
How can I get cheap car insurance quotes?
To get cheap car insurance quotes, start by using online comparison tools that allow you to input your details and receive quotes from multiple insurers. Make sure to provide accurate information to get the most accurate quotes. Consider applying for discounts, such as those for safe driving, bundling insurance policies, or low-mileage driving, to lower your premiums further.
What are the top 10 cheapest car insurance companies?
The top 10 cheapest car insurance companies often include names like USAA, Geico, State Farm, Progressive, and Erie, among others. These companies typically offer competitive rates and a variety of coverage options. It’s important to compare quotes from each to find the best deal for your specific situation.
Uncover affordable auto insurance rates from the top providers by entering your ZIP code below.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.