Comparing rates is the best way to get the cheapest car insurance. Start with free quotes for your area.
Of the nine major auto insurance providers in our annual study, USAA, Geico, and State Farm consistently have the lowest annual rates for the driver groups we examined. This includes premiums for good drivers as well as for those who may have had a speeding ticket. These insurers also may be money-savers for teenage and senior drivers.
Keep in mind that shopping around and comparing quotes from different insurance companies is the best way to find the cheapest car insurance for you.
What Is the Cheapest Car Insurance Company?
For motorists with a clean driving record, USAA has some of the lowest rates in our car insurance study. It earns top ratings from its customers, and it has the lowest annual rates for drivers with a clean record and those shopping for minimum coverage. USAA also has the lowest car insurance premiums for motorists with a speeding ticket or an accident on their driving record.
Coverage from USAA is only available to members of the military community who qualify, however.
Geico offers cheaper car insurance than most of the providers in our study, USAA excepted. It is also one of the best car insurance companies in our ratings, with great reviews from policyholders. Our study found that Geico has the lowest rates for drivers with a clean record, drivers with poor credit, and teen drivers.
State Farm is an excellent choice if you need affordable car insurance, but have a less-than-perfect driving record. Our study found that State Farm has the lowest average cost of car insurance after a DUI. Its rates are also among the most affordable if you have a speeding ticket or an accident on your record.
The rates in our study are based on new customers shopping for insurance and can help you get an idea of how much you may pay for auto insurance with a new insurer. Keep in mind that car insurance rates are highly individualized. Your actual rate will depend on several factors, including where you live, the car you drive and your credit scores. Insurers also rely on your driving record, and some infractions, like a speeding ticket, a DUI or an at-fault accident, may increase your rates or make it harder to purchase a policy.
Cheap Car Insurance for Good Drivers: Geico
Good drivers who aren’t eligible for a USAA policy are likely to find the cheapest car insurance rates with Geico.
Geico’s annual rate of $1,148 is $295 less than the national average, a savings of more than 20%. Our latest customer survey data also indicates that most Geico policyholders are satisfied with their customer service experience and are likely to recommend the insurer to other people shopping for car insurance.
Accidents, speeding tickets, and other traffic violations can lead to higher rates, regardless of which insurer you choose. Keeping your driving record clean can help you secure the lowest rates and good-driver discounts.
Cheap Car Insurance for Teen Drivers: Geico
Our data indicates that Geico has the cheapest car insurance rates for most teen drivers, regardless of gender. Members of the military community may want to consider USAA instead, as it is slightly less expensive.
