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The cheapest all-risk auto insurance starts at an average of $88 per month, and the cheapest all-risk auto insurance includes USA, Nationwide and Geico.
Which Car Insurance Company Is The Cheapest
We’ve compared the best car insurance companies at Guides Auto to find the most affordable option for drivers. In this article, we look at which companies offer the cheapest comprehensive car insurance and introduce our top picks.
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The Help team is dedicated to providing reliable information to help you make the best decision about your car insurance. Because consumers rely on us to provide objective and accurate information, we’ve created a comprehensive rating system to compile our rankings of the best auto insurance companies. We’ve gathered data from dozens of auto insurance providers to rank the companies based on a variety of rating factors. After 800 hours of research, the end result is a combined ranking for each provider, with the insurance company with the highest score at the top of the list.
Based on our rate estimates, USAA offers the cheapest full car insurance at an average rate of $88 per month for a 35-year-old with a good driving record. But USAA only applies to military members, veterans and their children. Looking at mass-market providers, Nationwide is the cheapest option with an average monthly fee of $107.
Next, we’ll take a look at the cheapest auto insurance companies by state, driver’s age, and driving history.
Your location is one of the biggest factors affecting your auto insurance premium. This section shows the cheapest suppliers based on our estimates for 35-year-old drivers in each state.
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While companies like Geico and USAA offer cheap auto insurance on average, the cheapest companies vary by state. Area providers like Country Financial and Farm Bureau Insurance also have great prices, so we encourage you to compare all your options.
*This table does not include USAA. While often the cheapest provider in many states, it’s only available to military members, veterans, and their children.
Age is another big factor in how much you pay for full car insurance. Younger drivers have higher rates of accidents and violations, so they pay more for car insurance. Our averages show that Geico is generally the cheapest supplier for drivers of all ages.
Your driving record has a big impact on the rate you pay. Depending on your state, you can increase your auto insurance rates for three to five years after an accident or violation.
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Based on our average rates, State Farm, Nationwide, and Geico are generally the most affordable for drivers who are involved in an accident or at fault. However, this is not always the case. Let’s look at the average interest rates in different scenarios.
The average annual interest rate is $1,656. Our average here applies to speeding between 16 and 20 mph over the speed limit, and we found that speeding tickets of this type add up to an average of $583 per year.
Putting up stop signs puts people at risk and will definitely increase your insurance rates. Our estimates show that drivers pay an average of $550 more per year for these types of violations. Nationwide is the cheapest mass-market provider on our list, with an average annual fee of $1,650.
Having a DUI on file can improve your insurance rates. Our estimates show drivers pay an average of $1,547 more per year to have a DUI documented. That’s about 89 percent higher than the average rate for drivers with a clean record. If DUIs stay on your insurance record for three years, you’ll pay about $4,641 more during that time.
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Our averages show that State Farm is generally the most cost-effective provider if you have a DUI record. American Family, Progressive, and Travelers are also affordable.
According to our average, a negligent accident can increase your rate by about 55%. State Farm is the cheapest national provider in this case, with an average annual fee of $1,882.
At-fault accidents and speeding tickets with similar driving histories will further increase your auto insurance rates. Our averages show that drivers who record with both badges pay an average of 86% more in auto insurance each year. In this case, State Farm was the cheapest mass-market provider at an average of $2,077 per year.
Having two at-fault accidents on your record makes you a driver with a higher insurance risk. Our estimates show that drivers with two accidents pay more than twice as much as drivers with no records on average, costing an average of $2,031 more per year.
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In this case, it’s best to choose State Farm, USAA, American Family, or Nationwide, as these are the four major low-cost providers for drivers with two accident records.
If you’ve been in three accidents, you may have a hard time finding affordable car insurance. State Farm, a large insurance company, usually offers the cheapest rates for these drivers, averaging around $2,341 per year, but it’s still expensive. On average, drivers with three at-fault accidents on their most recent insurance records pay $3,706 more per year for auto insurance than drivers with no driving records.
After considering average cost estimates for different types of drivers, our top picks for the cheapest all-risk auto insurance are Nationwide, State Farm, Geico, USAA, and American Family.
Nationwide is our top pick for the cheapest all-risk auto insurance. According to our data, the company’s average rates for top drivers are about 26% lower than the national average. Nationwide is also one of the cheapest companies for people with speeding tickets and minor infractions.
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The company has an A+ rating and certification from the Better Business Bureau (BBB), which shows that it responds quickly to complaints.
Benefits Spend-based SmartRide and mileage-based SmartMiles programs offer 11-item discounts A+ rating and BBB credit with an overall satisfaction score of 4.1 out of 5.0 in our auto insurance customer survey.
Our review team reached out to Nationwide for comment on their review but did not hear back.
We give State Farm a 9.3 out of 10.0 and call it our Editors’ Choice after comparing auto insurance companies for cost, coverage, reputation, availability, and customer experience. State Farm has the perfect combination of affordability, great customer service, and coverage options.
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Students can save with State Farm’s favorable student discount and usage-based Steer Clear® program for young drivers. The company has an A+ rating from the BBB.
Benefits offers several discount coverage options for different types of drivers. The average full coverage rate is about 14% lower than the national average. Rated 4.2 out of 5.0 in our auto insurance customer survey
Our review team reached out to State Farm for comment on its review but did not hear back.
Geico is another well-known provider of cheap auto insurance. Our data shows that Geico is the cheapest option in many states, offering an average rate about 24% lower than the market average.
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In our survey of nearly 7,000 auto insurance customers, about 16% purchased Geico insurance. These customers rated Geico an overall satisfaction rating of 4.1 out of 5.0 and a rating of 4.2 for alleged service. Geico also has an A+ rating from the BBB.
16 auto insurance deals from the pros. DriveEasy’s usage-based program offers low rates for people with minor infractions, with an overall satisfaction rating of 4.1 out of 5.0 in our auto insurance consumer survey.
Our review team contacted Geico about its scores in the J.D. study. Authorized to comment, but did not receive a reply.
No list of the cheapest all-risk auto insurance companies is complete without USAA, which offers the lowest premiums for qualified drivers. Our estimates show that USAA full coverage averages about $1,054 per year, which is 39% less than the national average.
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USAA also has strong customer service ratings, earning a top score of 909 out of 1,000 in the J.D. Power 2021 USA Auto Claims Satisfaction Study℠.
Benefits of Inexpensive Full Coverage Auto Insurance Rates Discounts on Military Installations and Garages One Vehicle Offers Usage-Based Basic Insurance Plan SafePilot® Rated 4.3 out of 5.0 for Overall Satisfaction in our Auto Insurance Consumer Survey.
Our averages show American Family Insurance is another provider that generally offers cheap all-risk auto insurance. Its average interest rate is about 11% lower than the national average. It’s also one of the cheapest full-coverage auto insurance options for drivers with a DUI or multiple accident history.
American Family has an A rating from the BBB and the highest overall satisfaction score in our auto insurance consumer survey, scoring 4.5 out of 5.0.
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The benefits of cheap full-coverage auto insurance for many drivers 18-item discounts BBB A rating 4.2 out of 5.0 for affordability in our auto insurance consumer survey
Our review team reached out to American Family Insurance for comment
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