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Our car insurance analysis — based on millions of quotes collected across the country — backs that up. Read on to find out the cheapest companies in the country, in your state and for certain types of drivers. Beyond the data, the best advice we can give drivers looking for their best car insurance rates is to shop around. No single insurer will be the cheapest for every driver, but our research will give you a good foundation to start your search.
Although USAA is easily the cheapest option among major insurers, only active military members, veterans or their families will qualify for a policy. These insurers don't have the same name recognition as some of the companies you may recognize from national television campaigns, but could help you find savings if you're looking for the cheapest rate. State Farm is the largest auto insurance company in the country, providing policies nationwide and rates that beat the average in 48 states excluding Massachusetts and Rhode Island and D.
Additionally, this company boasts an enormous network of local agents, meaning there is likely a State Farm agent in your city who can help you with a policy. Geico is the second largest auto insurance company in the country and operates in all 50 states and D. Geico also has one of the auto insurance market's best quote tools, so it's easy to get an instant rate online and comparison shop. USAA is actually the cheapest of these three insurers and, like Geico, operates in all 50 states and D.
We list USAA last of these three insurers as only active military members, veterans and their families will be eligible. But as the fifth largest auto insurance company in the country, it's serving almost as many customers as other big names like Progressive and Allstate. In the table below, you can see how the average six-month rates for 13 of the biggest auto insurers in the country compared based on online quotes we obtained for a sample year-old driver. Insurers with an asterisk offered quotes in at least 20 states. Read on to see our recommendations for the cheapest insurers for particular driver profiles and states.
How we determined the cheapest insurers : We collected quotes from 51 insurance companies across hundreds of ZIP codes or more in every state.
Major insurers are noted with an asterisk, with major being defined as those who offered quotes in at least 20 states. Quotes were for a sample driver and policy as described in our methodology.
A variety of factors can affect your car insurance rates, including your location, age, driving history, vehicle, financial profile and, maybe most importantly, elected coverage. Our rates above were for a sample year-old driver with a clean driving history. Below, we show what the five biggest insurers charge when we alter the sample driver's age, driving record and coverage limits. All rates are for a six-month policy with full coverage, rather than minimum coverage, unless noted otherwise.
The price of car insurance can vary greatly between states. One company may be expensive in Utah but inexpensive in New York. Although State Farm did not rank as our cheapest car insurance company overall, it was the cheapest widely available and accessible insurermeaning it operates in more than 40 states and there are no eligibility requirements.
USAA was often the cheapest option in any given state, but its eligibility requirements make it restrictive. If you are eligible, you should get a quote with USAA as it is available across the country. In some states, a small, local company or affiliate could even offer you the best price. Here, we've provided a list of the cheapest insurers in each state — on average — based on our research.
Click on your state to see a deeper analysis on the least expensive car insurance in your area. We identified the auto insurance companies with the cheapest rates, but depending on a variety of factors — location, driving history, financial profile and more — some insurers may be cheaper for certain types of drivers than others. These are our recommendations for the cheapest companies on average, which will guide you if you're just looking to get the lowest price.
Shoppers looking for the best balance of affordability, strong customer service and features can read our recommendations for the best auto insurance companies. Given that USAA has eligibility restrictions and Farm Bureau Insurance is disproportionately expensive when you add more coverages, we rate Erie as the cheapest insurance company. And it's reliable to boot, given its strong customer service reputation. Erie's main downside is that it's only available in 12 states and D.
Whether you're looking for a car insurance policy that only meets your state requirements or a more extensive full-coverage policy, Erie was one of the most affordable non-USAA options for our sample driver. A full coverage policy includes both collision and comprehensive insurance, protecting you against damage to your car, not just the legal liability of hurting or injuring other drivers.
Erie also scored high marks for policy options: It offers pet coverage, free accident forgiveness, free vanishing deductibles and roide assistance, giving its customers a degree of flexibility not found even among the largest insurers. 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.
Additionally, despite its smaller size, Erie offers the same types of discounts that larger national insurers provide. These include premium reductions for having multiple policies, a vehicle equipped with anti-lock brakes or anti-theft equipment, as well as savings for young and senior drivers. If you're not eligible for USAA and some of these smaller insurance companies are not offered in your state, we recommend State Farm as the cheapest overall insurance company and a great place to start your comparison shopping.
We found State Farm raises car insurance rates the least after a driver is in a recent at-fault accident, compared to the many auto insurance companies we surveyed. How insurance rates increase after an accident for a six-month full coverage policy. Rates in this table are for a full coverage policy, which includes comprehensive and collision insurance. This is to indicate how rates may change if you have more than just state-mandated liability insurance. But car insurance rates are highly variable, and the fact that State Farm penalizes drivers the least indicates that it is a good starting point for shoppers with an accident history looking for cheap insurance.
If you're a service member, a veteran or a family member of one, then you could be eligible for USAA auto insurance. In fact, USAA is the cheapest company by quite a wide margin. USAA stands out for more than just its affordability: It also has one of the best customer service reputations in the industry. Both those figures topped all qualifying insurers in the survey.
For more information, read about USAA's insurance offerings. If you find yourself away from the wheel more times than not, a pay-per-mile auto insurance company such as Metromile may be the best company to go with. Metromile was one of the first companies in the U. How much driving is too much when shopping with Metromile? Generally, for Metromile to be a good deal, drivers should only drive fewer than 7, miles per year. This was the third-lowest percentage increase among our sample insurers.
Rates are for our deated sample driver shopping for a full coverage policy. Taking the first step — knowing how much car insurance you need — is important for finding appropriately cheap car insurance because:. Determining how much auto insurance you need comes down to understanding your current economic circumstances, how the different types of coverage work together and your state requirements. The following table gives a quick summary of the types of auto insurance coverage, whether you need them and how much you should have.
How much coverage limits you should buy will depend on your economic situation. For example, high-net-worth individuals should get liability limits approximating their net worth, which will probably exceed the state-required minimums. about how much coverage you need for each part of a car insurance policy.
Once you know how much coverage to buy, it's time to compare car insurance companies. Even when you opt for the exact same coverage levels with two different insurers, one company could be much cheaper for you than another based on how it calculates its rates. It's easier than ever to compare insurance quotes using online quote tools.
But you may want to talk to an insurance agent to ensure you get the most accurate quote possible. By talking to an agent, you can see if you qualify for discounts that may not be applied in the online quote tool process. Car insurance discounts are generally broken into four :. Compare Quotes Now. Once you know how much coverage you need, the best way to find cheap car insurance is to compare quotes from multiple companies.
This can be done online, as most companies have quote tools that can be used to get car insurance rates. Additionally, if you prefer to work with an actual person when looking for car insurance, you could talk to an independent insurance agent who can help you compare rates from multiple companies. The findings indicate that young drivers may not always be aware of the financial upside of shopping between insurance companies, a fact that could eventually hurt insurance companies should policyholders realize cheaper rates may be available elsewhere.
In fact, all age groups looking for cheaper car insurance could benefit from comparing quotes. We collected quotes for thousands of ZIP codes in the U. Our sample driver was a single year-old man who drove a Honda Civic EX and had a clean driving record.
The only parameter that changed was the ZIP code where he lived in the U. These rates are for this specific driver profile and your may vary. The amount of coverage we opted for gave our driver a bit more than what is required of state minimums:. ValuePenguin's analysis used insurance rate data from Quadrant Information Services.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different. ValuePenguin calculated the average amount drivers overpay for car insurance by calculating the difference between:.
These figures were then averaged across all 50 states and Washington, D. This average was multiplied by the Federal Highway Administration's latest figure for the of registered automobiles in the country to find the aggregate amount drivers overpay for insurance. To get an insurance quote over the phone, call: Agents available 24 hours a day, 7 days a week! Table of contents The cheapest car insurance companies The cheapest car insurance companies by state What is the cheapest car insurance for you? How to get the right amount of cheap car insurance. Find Insurers. Get a Quote. Click on a company name to read our full review.
How rates with the cheapest insurers might change depending on your driver profile A variety of factors can affect your car insurance rates, including your location, age, driving history, vehicle, financial profile and, maybe most importantly, elected coverage. What is full coverage? Very young drivers and those with an accident history are charged much more than older drivers and those who have a clean record.
Those who opt for a minimum coverage policy can get considerable savings on their premiums, though they risk not being fully covered in the event of a major accident. What is the cheapest car insurance company for you? The cheapest car insurance companies Erie: Cheapest overall company State Farm: Cheapest company after getting into an accident USAA: Cheapest company for military families Metromile: Cheapest company for low-mileage drivers Geico: Cheapest company for those with a poor credit history. Cheapest car insurance company overall: Erie. Cheapest companies for a minimum coverage policy Rank.
Tennessee Virginia West Virginia Wisconsin. Cheapest auto insurance company after an accident: State Farm. How insurance rates increase after an accident for a six-month full coverage policy Rank.Best price auto insurance quotes
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