10 Cheapest Auto Insurance Companies
State Farm is the cheapest auto insurance company in the nation, with liability-only coverage at $41 per month. Geico also has the cheapest quotes, averaging $52 per month, while USAA has the most affordable liability-only coverage at $31 per month. However, only military personnel, veterans, or their family members are eligible for USAA.
How do I get the cheapest auto insurance ?
- State Farm is the cheapest auto insurance company for most drivers.
- State Homestead is the biggest accident coverage organization in the country. It also has the cheapest premiums in 25 states if you cannot get USAA.
- You must purchase insurance through a local agent.
- However, State Farm’s wide coverage means that there is likely an agent nearby who can help you compare the cheapest rates near you.
Cheapest Domestic Insurance Companies
- Insurance Company
- Liability Only
- Full Coverage
- State Farm $99 $41
- Geico $52 $140
- Progressive $63 $156
- Nationwide $69 $164
- USAA $31 $91
Just current and previous military staff and their families are qualified for USAA inclusion.
Does State Farm sacrifice good support for lower rates?
State Farm makes the claims process after an accident fast and easy. The company has earned high scores in J.D. Power’s Claims Satisfaction Survey. State Farm also has fewer complaints than similar companies, according to the National Association of Insurance Commissioners (NAIC).
Safe drivers can turn good driving habits into affordable Cheapest auto insurance by enrolling in State Farm’s Drive Safe & Save program. They can also save with accident-free, bundled, and anti-theft device discounts.
State Farm offers all the coverage options you would expect from a major insurance company. This includes liability insurance, personal injury coverage, comprehensive coverage, and collision coverage.
There is also pet coverage, rideshare insurance, and roadside assistance. However, it lacks popular coverage options such as new car replacement and gap insurance.
Cheapest Liability-Only Auto Insurance Auto Owners
Drivers looking for the absolute cheapest auto insurance can find the cheapest rates at Auto-Owners, with Auto-Owners’ minimum coverage averaging $36 per month. This is 38% less than the national average. Get A Quote Now
Cheapest Auto Insurance Quotes for Liability Only
- Company Name
- Monthly Cost
- Auto-Owners $36
- Erie $39
- State Farm $41
- Farm Bureau $43
- Geico $52
- American Family $53
- National Average $58
However, minimum coverage auto insurance is not the best option for most drivers. It does not pay for car repairs after an accident. Furthermore, minimum coverage is usually not enough to cover a major accident. For this reason, full coverage is a good choice for most drivers, especially those who drive newer vehicles or commute to work every day.
Auto-Owners’ full-coverage auto insurance is also affordable, averaging $120 per month.
Drivers are also generally satisfied with Auto-Owners’ service; according to the NAIC, the company receives 33% fewer complaints than similar companies.
The biggest drawback to Auto Owners is that it is only available in 26 states. Drivers who cannot obtain auto insurance from Auto Owners should consider State Farm.
Lowest discounted Cheapest auto insurance rates American Family
American Family (AmFam) has the cheapest auto insurance in the U.S. AmFam’s minimum coverage policy costs about $53 per month and full coverage is $140 per month.
In terms of potential savings from discounts, American Family stands out; AmFam’s auto insurance rates are slightly higher than State Farm and Geico. However, with many auto insurance discounts, you may pay less overall.
Cheapest Auto Insurance Companies with the Most Discounts
- Company Name
- Discount Amount
- American Family 18
- Zico 16
- Liberty Mutual 13
- Travelers 12
- Allstate 11
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AmFam helps young drivers save on Cheapest auto insurance premiums by offering discounts to bright students and safe teen drivers. AmFam can also save you money on your premiums when you
Bundling home and auto insurance
- Purchase multiple Cheapest auto insurance policies with AmFam.
- Get a quote 7 days before your old policy expires.
- Switch from a competitor to American Family.
- Install certain safety devices in your car, such as airbags.
- Take a defensive driving course.
- Avoid accidents, tickets, and claims
- Drive less than 7,500 miles per year
- enroll in KnowYourDrive telematics and develop safe driving habits
- Cover your equilibrium or make programmed installments.
Cheap Car Insurance for New Drivers Allstate
For new drivers looking for personal Cheapest auto insurance, Allstate has the cheapest premiums. Allstate has a monthly liability premium of only $85 for drivers under the age of 25 and with no driving experience.
However, Allstate is not the cheapest option for teen drivers who want to share insurance with their parents. Usually, the cheapest way for new drivers to get insurance is to share it with a family member.
Cheap liability-only premiums for new drivers
- Under 25 years old
- Over 25 years old
- Company Name
- Monthly Fee
- Allstate $100
- State Farm $129
- Geico $131
- Nationwide $280
- Farmers $375
- USAA* $116
USAA is available only to military personnel, veterans and their families.
In addition to cheaper rates, Allstate offers many discounts for new drivers. Automatic payment discounts, paperless discounts, and smart student discounts may save money.
However, drivers are less satisfied with the service they receive from Allstate after an accident; in a J.D. Power claims satisfaction survey, the company scored below average. This means that Allstate may take longer to recover after an accident.
Cheap auto insurance for bad driving history Erie
Erie has the most affordable auto insurance quotes for drivers with tickets, accidents, and DUIs. For example, a driver with one speeding ticket pays about $112 per month for full coverage in Erie. This is 39% less than the national average.
Erie also has the lowest increase in auto insurance premiums after a driving accident.
If you get a ticket, Erie raises it by an average of only 11%, while most companies raise it by 23% or more. In the case of at-fault accidents, Erie raises rates only 27% instead of 49% on average. Also, Erie’s average quote for a DUI is $169 per month for full coverage, a 67% increase. Other companies raise their rates by an average of 83% after DUI. Get A Quote Now
Cheapest Auto Insurance Quotes After DUI
- Insurance Company
- Ticket
- Accident
- DUI
- State Farm $110 $125 $277
- Erie $112 $128 $169
- Auto Owners $130 $154 $243
- Farm Bureau $148 $177 $252
- American Family $168 $214 $229
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Monthly Quotes for Full Coverage Insurance
Customers who enroll in Erie’s Rate Lock program will not pay higher premiums when they receive a citation or have an insurance claim. Under this unique program, auto insurance premiums will only increase if you move, change policyholders, or change vehicles covered.
Erie also offers the same auto insurance discounts as large national companies, including bundling multiple policies, owning a vehicle equipped with anti-lock brakes or anti-theft devices, and driving safely as a young or senior driver. Erie also has a reputation for excellent customer service.
Erie’s biggest drawback is that it is only available in 12 states and Washington, D.C.
Cheap insurance for safe, low-mileage drivers: Nationwide
If you drive less than average or are generally a safe driver, Nationwide may have the cheapest insurance quote for you. The company offers both usage-based and pay-per-mile auto insurance plans to save drivers money on their auto insurance.
Nationwide offers cheaper auto insurance options for telecommuters, retirees, students living on campus, or young drivers with clean driving records.
Nationwide’s Safe Driving Program SmartMiles vs. SmartRide
SmartMiles can save up to 30% on auto insurance premiums for drivers with low mileage. Safe drivers can save up to 40% by tracking their driving with the SmartRide app.
Those who drive less than 12,000 miles per year can get cheaper auto insurance through Nationwide’s pay-per-mile program, SmartMiles.SmartMiles uses a device connected to the car to track the number of miles driven per month.Nationwide charges a set amount per mile driven and a monthly base rate.
Nationwide also offers SmartRide, a usage-based program. Usage-based insurance is often cheaper than regular auto insurance because rates are based on your driving habits. This includes the frequency and extent of your driving. It’s a good option for people who generally drive safely but can’t find cheaper rates because they are young, have poor credit, or live in a busy city.
The biggest drawback to Nationwide is that these programs are not available to everyone; SmartMiles is available in 40 states and Washington, D.C. SmartRide is more widely available, but drivers in New York and California cannot get the 40% discount. New York and California drivers cannot get the 40% discount.
Cheapest Quote for Less Creditworthy Drivers: Geico
Geico has the least expensive collision protection quotes for drivers with terrible credit. At $212 per month, Geico’s full coverage policy is 16% cheaper than the national average for drivers with bad credit.
Cheapest Full Coverage Insurance for Bad Credit Drivers
- Company
- Monthly Fee
- Geico $212
- Farm Bureau $217
- Erie $232
- American Family $233
- Nationwide $236
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Drivers with bad credit typically pay 70% more for auto insurance than drivers with good credit. Further developing your FICO rating is an incredible method for getting less expensive collision protection quotes.
Geico also offers a number of discounts that can help lower your rates. These include usage-based discounts, safe driving discounts, and discounts for bundling home and auto insurance.
Cheapest Auto Insurance for Military Personnel USAA
USAA is accessible in each of the 50 states and Washington, D.C. As the nation’s fifth-largest auto insurer, it serves nearly as many drivers as other major players like Progressive and Allstate.
However, only military personnel, veterans, and their families are eligible to use USAA.
Cheaper companies that only offer liability insurance
- Insurance Company
- Monthly Cost
- USAA $31
- Auto Owners $36
- Erie $39
- State Farm $41
- Farm Bureau $43
- National Average $58
What makes USAA stand out is not just its low auto insurance rates; USAA also has one of the best customer service reputations in the industry.
In J.D. Power’s Auto Insurance Claims Satisfaction Study, USAA has taken the top spot year after year. This means that drivers can expect USAA to get them back on the road quickly after an accident. USAA also has a low complaint index from the NAIC, meaning fewer complaints about support and claims.
What is the cheapest auto insurance near me?
Auto-Owners and Erie are the cheapest auto insurance companies, with liability-only premiums under $40 per month. Farm Bureau quotes are also cheaper at $43 per month and are available in more states than Auto-Owners and Erie.
Cheapest Auto Insurance by State
State Farm is the cheapest insurer widely available in 25 states.
USAA is almost always the cheapest auto insurance company in any state, but because of eligibility requirements, most people are not eligible.
Cheapest Auto Insurance Near You
In some states, a small local company may have the cheapest auto insurance. For example, Erie is the cheapest insurance in North Carolina, Ohio, Pennsylvania, and Washington, D.C. Local companies may have lower rates and more personalized service, while national companies often have better online features and bundling options. Get A Quote Now
- State
- Cheapest Company
- Monthly Fee
- Alabama State Farm $38
- Alaska Geico $27
- Arizona Travelers $39
- Arkansas State Farm $25
- California Geico $31
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- Monthly quotes for minimum coverage
What types of drivers qualify for cheap auto insurance?
A variety of factors affect auto insurance quotes, including location, age, driving history, vehicle, credit score, and coverage. Having a lot of driving experience and no violations or accidents can help lower the cost of auto insurance.
Drivers who choose minimum coverage can get cheap auto insurance quotes, although there is a risk of not being fully covered after a major accident.
Cheapest Rates by Age and Coverage
Full coverage quotes by driver
- Driver
- Monthly Rates
- No record $148
- One ticket $183
- Low credit driver $254
- Teen Driver $458
How to Find Affordable Auto Insurance
Taking the first step – knowing how much auto insurance you need – is important to finding the right cheap auto insurance. You would rather not overpay for superfluous inclusion.However, you do want to buy enough coverage to meet your state’s requirements and cover your risks. In addition, different insurance companies may recommend different levels of coverage by default, making comparison shopping easier.
How much auto insurance you need depends on your budget, state requirements, and the type of coverage you need.
Bodily injury liability
Do you need. All states except Florida, New Hampshire, and Virginia require it.
How much should you purchase? As much as you can afford so that your injuries are covered after a major accident.
Property Damage Liability.
Do I need it? Expected in all states aside from New Hampshire and Virginia.
How much do I need? As much as you can afford so that repairs after a major accident are covered.
Uninsured/Underinsured Motorist Coverage
Do you need it?UIM is expected in 22 states and Washington, D.C.
How much do you need? An amount equal to the limits for bodily injury and property damage.
Personal Injury Protection (PIP) or Medical Insurance
Do I need it?
Should I purchase it? Recommended if you do not have health insurance or have a high deductible.
Collision and comprehensive insurance
Needed? Full inclusion is required in the event that you have a vehicle credit or rent.
Should I purchase? Recommended to purchase if your car is worth $5,000 or more.
How to Use Discounts to Lower Your Auto Insurance
Once you know the amount of coverage you should purchase, the next step is to compare auto insurance companies. Even if you choose the exact same coverage, some companies offer lower auto insurance rates than others. Depending on how each company calculates rates for different drivers, one company may be much cheaper than another.
With online quote tools, comparing cheap auto insurance is easier than ever. However, you may want to talk to an insurance agent too to get the most accurate quote possible.
By talking to an agent, you can check for discounts that are not added to the online quote. This may change which company has the most affordable auto insurance for you.
Auto insurance discounts generally fall into four categories
Driver Safety Discounts: Driver Safety Discounts: Rates are lower if you have a safe driving record or have taken a defensive driving course.
Driver Discounts: Driver discounts: Discounts are based on you or your behavior, such as good grades in school or being of an age that qualifies you for a senior citizen discount.
Policy Discounts: Discounts based on the insurance policy you select. The most popular option is a bundle of home and auto insurance, where you can save by purchasing both policies from the same company.
Safe Car Discount: Discounts may be available for cars with safety features such as anti-theft technology or automatic braking.
Insurance Icons
Possibility of cheaper auto insurance.
Once you know the amount of coverage you need, the best way to find cheap auto insurance is to compare quotes from multiple companies.
Compare quotes now.
Drivers looking for minimum coverage insurance may be overpaying by an average of $384 per year. That means Americans are overpaying nearly $41 billion a year for car insurance.
You can get cheaper auto insurance by comparing rates online. If you prefer to work with a real person when looking for auto insurance, you can talk to an independent insurance agent. You can compare quotes from multiple insurance companies at the same time to find the most affordable auto insurance rates.
Frequently Asked Questions
Where is the cheapest auto insurance?
State Farm’s liability-only auto insurance premium is the lowest of any domestic insurance company at $41 per month. The cheapest local insurance company is Auto Owners at $36/month.
What is the cheapest online auto insurance?
Geico, Progressive, USAA, and State Farm are the cheapest insurance companies to get quotes and buy insurance online. Buying auto insurance online is often cheaper than going to an agent. You may even get a discount when you buy online.
How can I save on auto insurance?
The most ideal way to save money on collision protection is to look at statements from various organizations. Consider all factors in the quotes, including coverage, deductibles, and discounts. Don’t just get quotes from the big national companies; local companies like Erie, Farm Bureau, and Auto-Owners may have some of the cheapest rates if you live in the states they serve.
What is the cheapest auto insurance?
State minimum liability coverage is the cheapest auto insurance. Liability-only coverage averages $90 per month less than full-coverage insurance. Switching to liability-only coverage may save you money if your car is not worth much and you do not have a car loan or lease.
Is Getting the Cheapest Auto Insurance a Good Idea?
It depends on what you are willing to give up in exchange for the cheapest premium. For example, consider how much extra you would have to pay out of pocket after a costly accident if you raise your deductible or lower your coverage. Or, if you choose a company that is known for taking a long time to process claims, think about how long you can afford to be without a car or pay for a rental car while you wait for your repair check to come in the mail.
What credit score do I need to have to get the cheapest auto insurance?
Generally, you can get the cheapest auto insurance rates if you have a credit score of 700 or higher. However, not all states allow auto insurance companies to quote based on credit-based insurance scores.
When does auto insurance for young drivers get cheaper?
On average, young drivers pay three times more for auto insurance; teenage drivers’ auto insurance premiums drop as they gain driving experience, dropping significantly at ages 21 and 25.
Research Methodology: How the Information Was Obtained
Quotes were collected from 36 insurance companies in thousands of zip codes across the United States. Rates are for a 30-year-old single male with good credit who drives a 2015 Honda Civic EX and has no driving history issues. Your estimate may vary.
Minimum coverage estimates are based on the minimum coverage required in each state. Full coverage quotes are based on policies with higher liability limits in addition to comprehensive and collision coverage:
Coverage
Limits
Substantial Injury Obligation $50,000 per individual, $100,000 per mishap Bodily Injury Liability $25,000 per accident. Uninsured or Underinsured Motorist Coverage BI $50,000 per person, $100,000 per accident
Personal Injury Coverage Minimum, if required by state
New driver rates are based on Texas residents with no driving experience and a good credit score. The estimate includes $30,000 per person and $60,000 per accident for bodily injury liability and $25,000 per accident for property damage liability, which is the minimum required in Texas.
ValuePenguin’s analysis used premium rate data from Quadrant Information Services. These premiums are published by insurance companies and are for comparison purposes only. They may differ from your own estimates.
ValuePenguin calculated the difference between the average premium for minimum coverage at all insurers in each state and the average premium at the cheapest insurer in that state to determine the average amount drivers are overpaying for auto insurance.
These figures were then averaged across the 50 states and Washington, D.C., to obtain a national average. This average was then multiplied by the most recent vehicle registration figures from the Federal Highway Administration to arrive at the total amount that drivers are overpaying for insurance.
Do I need it?
Should I purchase it? Recommended if you do not have health insurance or have a high deductible.
Collision and Comprehensive Insurance
Needed? Full inclusion is required on the off chance that you have a vehicle credit or rent.
Should you purchase? Recommended to purchase if the value of the car is over $5,000.
How to lower your auto insurance rate with discounts
Once you know the amount of coverage you should purchase, the next step is to compare auto insurance companies.
Even if you choose the exact same coverage, some companies offer lower auto insurance rates than others. Depending on how each company calculates rates for different drivers, one company may be much cheaper than another.
With online quote tools, comparing cheap auto insurance is easier than ever. However, to get the most accurate quote possible, it is recommended that you also consult with an insurance agent.
By talking to an agent, you can check for discounts that are not added to the online quote. This may change which company has the most affordable auto insurance for you. Auto insurance discounts generally fall into four categories
Driver Safety Discounts: Driver Safety Discounts: You will receive lower rates if you have a safe driving record or have taken a defensive driving course.
Driver Discounts: Driver discounts: Discounts are based on you or your behavior, such as good grades in school or being of an age that qualifies you for a senior citizen discount.
Policy Discounts: Discounts based on the policy you select. The most popular option is a bundle of home and auto insurance, where you can save by purchasing both policies from the same company.
Safety auto discounts: Discounts may be available for vehicles equipped with safety features such as anti-theft technology or automatic braking.
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Possibility of cheaper auto insurance.
Once you know how much coverage you need, the best way to find cheap auto insurance is to compare quotes from multiple companies. See Original Site