The Cheapest Car Insurance Companies (May 2022)
The Cheapest Car Insurance Companies (May 2022)

The Cheapest Car Insurance Companies (May 2022)

Cheapest car insurance company overall: State Farm

State FarmGet a Quote

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state farm is the largest car indemnity caller in the state, with the cheapest wide available rates in 29 states. additionally, the company boasts an enormous net of local agents, meaning there ‘s likely a State Farm agent in your city who can help you compare rates .
state farm is the best and cheapest car insurance caller for most drivers, considering that USAA has eligibility restrictions, and Farm Bureau and Auto-Owners are disproportionately expensive when you add more coverage .

Cheapest for full coverage

Cheapest for minimum liability

Rank

Company

Monthly rate

1 USAA $98
2 State Farm $109
3 Erie $115
4 Farm Bureau $131
5 Auto-Owners $132

Cheapest for full coverage

Rank

Company

Monthly rate

1 USAA $98
2 State Farm $109
3 Erie $115
4 Farm Bureau $131
5 Auto-Owners $132

Cheapest for minimum liability

Rank

Company

Monthly rate

1 USAA $36
2 Farm Bureau $39
3 Auto-Owners $40
4 Erie $42
5 State Farm $44

country farm besides scores high marks for policy options. It offers pet coverage, rideshare insurance and roadside aid. Customers besides have enough of options to bundle and even further lower their rates .
Drivers with State Farm can enroll in programs such as Drive Safe & Save to turn dear driving habits into lower rates. They can besides qualify for a range of discounts, including an accident-free discount, multicar dismiss and anti-theft discount.

Cheapest car insurance rates after discounts: Geico

GeicoGet a Quote

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Geico has some of the cheapest car indemnity in the state, second only to State Farm among the biggest companies .
Geico may have cheaper rates for you than State Farm depending on where you live, as the cheapest company in seven states, including California and Florida .
Geico stands out when it comes to electric potential savings through discounts. Though State Farm has slightly cheaper rates on average, you may pay less overall if you qualify for Geico ‘s many car indemnity discounts .
Geico has one of the longest lists of discounts available, and how much you can save with each deduction is more than most companies .
For example, Geico offers dependable drivers a discount of up to 22 %, compared to the average of 10 %. Having anti-theft devices installed in your cable car typically saves you up to 15 %, but Geico promises savings up to 23 % .

Company

Number of car insurance discounts

Farmers 21
Geico 20
Allstate 20
Travelers 16
American Family 16
Liberty Mutual 14
Progressive 12
USAA 12
State Farm 11
Nationwide 10
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Cheapest auto insurance company for a bad driving record: Erie

ErieGet a Quote

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Erie has some of the cheapest car insurance rates for drivers with a ticket or accident on their driving record. And you probably wo n’t find a better rate if you have a DUI ( driving under the influence ) on your drive record. Erie besides increases rates the least after a drive incident .
Erie will lone raise your rates by an average of 7 % if you get a ticket, while most insurers increase premiums by 22 % or more. For an at-fault accident, Erie will alone raise your rates by 25 % rather of the average 44 %. And Erie ‘s average quotation with a DUI is $ 2,257 per year, an addition of 64 %. Expect other companies to double your rates after a DUI .

Cheapest car insurance companies after a driving incident

Company

Clean record

Ticket

Accident

DUI

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

Show All Rows Erie besides has a strong customer serve reputation and a thoroughly set of policy options .
Erie customers who are eligible for its Rate Lock plan can avoid premium hikes that could cause rates to creep up over the years. This is a alone program where customers wo n’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 person from your policy, or add or remove a car .
That means your rates wo n’t go up flush if you happen to get a ticket or file a claim .
Erie besides offers the lapp car insurance discounts that larger national insurers provide, including bundling multiple indemnity 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 entirely 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

MetromileGet a Quote

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If you drive less than average or are broadly a safe driver, a usage-based or pay-per-mile car insurance company such as Metromile may be the cheapest policy for you .
Metromile was one of the first companies in the U.S. to determine premiums largely based on mileage. How much drive is besides much when shopping with Metromile ? Generally, for Metromile to be a good distribute, drivers should drive fewer than 10,000 miles per year .
Usage-based insurance is much cheaper than standard car indemnity because your rates are largely based on how frequently and how well you drive. It ‘s a beneficial option for people who are by and large safe drivers but ca n’t find brassy rates elsewhere because they ‘re unseasoned, have poor credit, live in a clog city or have other risk factors that raise their insurance rates .
That means Metromile is a cheap company for people who are retired or exercise from home, students who live on campus and young drivers with a clean drive criminal record .
The biggest downside to Metromile is that it ‘s entirely available in eight states : Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington. If you do n’t live in one of those states, consider early telematics programs that offer discounts for less drive or dependable drive, like Nationwide, Liberty Mutual or State Farm .

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Cheapest car insurance for drivers with poor credit: Farm Bureau

Farm BureauGet a Quote

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overall, Farm Bureau is the cheapest car insurance ship’s company for drivers with poor credit, averaging $ 1,278 per class .
farm Bureau ‘s average rate is $ 32 per year cheaper than the following close widely available rival, Geico. The company ‘s rates are 12 % cheaper than average .

Company

Poor credit

Very good credit

Rate hike

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%

Show All Rows farm Bureau operates like AAA : about every submit has a local anesthetic chapter that offers car policy policies and early benefits to members. Anyone can become a extremity, not barely farmers, but you ‘ll need to pay an annual membership fee, which can range from $ 20 to $ 100 per class. Membership benefits besides 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 accredit. Improving your credit seduce is a great way to get adult savings on your policy policy.

Cheapest car insurance company for military members: USAA

USAAGet a Quote

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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 .

Insurer

Average annual rate

USAA $432
Farm Bureau $472
State Farm $532
Average of all insurers $717

USAA operates in all 50 states and Washington, D.C., but lone active military members, veterans and their families may be eligible. however, as the fifth-largest car policy ship’s company in the country, it serves about as many drivers as early boastful names like Progressive and Allstate .
USAA stands out for more than good low-cost rates : It besides has one of the best customer military service reputations in the industry. The company takes the top spots in J.D. Power ‘s Auto Insurance Claims Satisfaction Study every year. USAA besides has a abject complaint index from the National Association of Insurance Commissioners ( NAIC ), which means customers do n’t have many complaints about their service or claims .

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