Cheap Car Insurance Companies in USA:
State Farm and USAA are the most affordable and easily manage major and Cheap Car insurance companies in the country. State Farm offers an average rate of $44 per month for a minimum liability policy, which is 26% below the national average. USAA amount an average of $36 per month, although only active-duty military members, veterans or their families can qualify for this.
Among the companies that have less nationwide impact, Farm Bureau Insurance at $39 a month and Auto-Owners at $40 a month are among the cheapest. Erie is at third number at $42 a month.
Smaller auto insurance companies sometimes provide lower rates because they have competition with much larger companies. Some also provide more local knowledge or a personal touch because they are based in your state or community.
Also read the: What does Renters Insurance cover and how it works?
What is the cheap car insurance for you?
To find the cheap car insurance for you, start by getting quotes from insurance companies with the cheapest rates. Depending on a variety of factors—location, driving history, credit score, and more—some companies may have cheaper deals for certain drivers than others.
If you’re looking for the cheapest companies that also offer the best balance of available rates, strong customer service and coverage options, compare the best Cheap Car Insurance companies.
Overall Cheap Car Insurance Company: State farm
State Farm is the top cheap Car insurance company for most of the drivers.
State Farm is the largest auto insurance company in the country and also has the cheapest deals in 29 states if you don’t qualify for USAA. In addition, the company boasts 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 in your area.
State Farm also take high marks for policy options. It offers pet cover, carpool insurance and roadside assistance. Customers also have plenty of options to bundle and lower their rates even more.
State Farm drivers can sign up for programs like Drive Safe & Save and turn good driving habits into affordable deals. You may also qualify for a number of discounts including no-accident discount, multicar discount and anti-theft discount.
Cheap Car Insurance Rates After Discounts: Geico
Geico has cheapCar insurance in the country, second only to State Farm between the largest companies.
Depending on where you have residence, Geico may have cheaper deals/offers for you than State Farm. Geico is the low-cost carrier in seven states, including Florida and California.
Geico excels when it comes to potential savings through rebates. While Geico car insurance rates are little more expensive than State Farm on average, you can pay few overall if you want to qualify for Geico’s many cars insurance discounts.
Geico has one of the longest lists of rebates available, and how much you can save with each rebate is higher at Geico than most companies.
For example, Geico offers safe drivers a discount of up to 22%, compared to an average of 10%. Installing an anti-theft device in your car can usually save you up to 15%, but Geico promises savings of up to 23%.
Cheap Car insurance company for bad driving record: Erie
Erie has some of the affordable car insurance quotes for drivers with a ticket or accident in their driving record. And you likely won’t find a better rate if you have a DUI (driving under the influence) on your driving record. Erie is also the least likely to raise auto insurance rates after a car accident.
Erie will increase your rates by an average of 7% if you get a ticket, while most insurers will increase premiums by 22% or more. In an at-fault accident, Erie will only increase your rates by 25% instead of the average 44%. And Erie’s average DUI offer is $188 per month, a 64% increase. Anticipate other companies to increase your rates after a DUI.
Erie also has a good reputation for customer service and a good set of insurance options.
Erie customers who qualify 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’ rates will not increase except for three reasons: you move to another area or change where you park your car, you add or remove anybody from your policy, or you add or remove a car as well.
This means your car insurance costs won’t go up even if you accidentally get ticketed or file a claim.
Erie also offers the same auto insurance discounts as larger national companies, including combining multiple policies, equipping your vehicle with anti-lock brakes or anti-theft devices, or driving safely as a young or older driver.