Budget-Friendly Protection: Comparing the Cheapest Car Insurance Companies

        

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Just because you need car insurance doesn't mean you have to pay dearly to get it. There are many ways to find the cheapest car insurance so you can protect your vehicle and your wallet at the same time.

Of course, you don't want to go too cheap, as you could end up with a company with poor customer service or an inability to honor claims. We researched dozens of the best car insurance providers to find the ones that offer a reliable car at an affordable price Insurance. Our top five recommendations for cheap car insurance based on price are USAA Erie Geico Progressive and Root Auto.

Since prices are based on your driver profile vehicle and location, the best way to shop is to compare auto insurance quotes from multiple providers. Click below to compare free auto insurance quotes from leading companies.

Here are our top recommendations for auto insurance based on cost. The following providers stand out from the competition as the cheapest auto insurance providers not only because of the discounts they offer, but also because of their customer service and solid industry reputation.

Cheap Car Insurance Company Cost Rating Average Annual Cost* Best for… 1. USAA 9.5 $990 Military Families 2. Erie Insurance 9.0 $1183 Basic Insurance 3. Geico 8.5 $1356 Most Drivers 4. Progressive 8.5 $1346 High Risk Drivers 5. State Farm 8.0 $1312 Student*National Average Fee Company based on our analysis of rate estimates for a 35-year-old driver with a good credit rating and a good driving record.

Best for military families: USAA

If you're a veteran or member of a military family, you'll likely find the cheapest car insurance through USAA. If you fit the bill, you should consider comparing offers from this company when shopping around.

USAA offers auto insurance discounts for military installations, safe driving, student low mileage multi-vehicle insurance, and more. Here are some other things we love about USAA:

A++ AM top financial strength rating, indicating an insurer's superior ability to pay customer claims

High Ratings from J.D. Power Survey Indicate Smooth Claims Process, Simple Purchasing Process, and High Overall Customer Satisfaction

A 'B' Better Business Bureau (BBB) ??rating demonstrates USAA has good business practices and is committed to resolving customer complaints

Accident Forgiveness Guaranteed Asset Protection (GAP) Car Replacement Assistance (CRA) and Usage Based Insurance Options

Best for basic coverage: Erie Insurance

Erie Insurance is available in 11 eastern states -- Illinois, Indiana, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin -- as well as Washington, D.C. In addition to being one of the cheapest car insurance options the company is known for Customer service and consistently performing well in industry surveys. For example, in the J.D. Power 2020 U.S. Auto Insurance Satisfaction Survey, Erie ranked in the top three in the North Mid-Atlantic and Southeast regions.

Erie Insurance is best for drivers with a good driving record and a good credit score. Car insurance can be very affordable if you meet these requirements. Notable discounts include 20% off new drivers and up to 25% off multiple policies. Here are more reasons why we recommend Erie:

A+ AM Best financial rating

A+ BBB rating

Accident forgiveness options for non-standard vehicle coverage and pet injury coverage

Best for most drivers: Geico

Because USAA has eligibility requirements and Erie Insurance is regional, most drivers should consider Geico when looking for the cheapest auto insurance. The company is the second largest provider of auto insurance in the United States and has been in business for more than 80 years. Geico is a good choice Whether you want a minimum of comprehensive coverage or a custom plan.

Drivers in all 50 states can get cheap auto insurance from Geico, although drivers with a history of accidents may find better rates from other companies. Great Geico discounts include a 25% discount on multiple car insurance and a 15% student discount. here are some things we Like Geico:

* A++ AM Best financial rating

* Highest rating among three regions in J.D. Power Satisfaction Study

* A+ BBB rating

* Mechanical failure insurance and usage-based insurance options

* Highly rated mobile app

Best for high-risk drivers: Progressive

Progressive, the third-largest auto insurer in the U.S., insures millions of vehicles each year and is one of the most affordable coverage options. Not every company offers friendly rates for high-risk drivers, but Progressive does. Drivers without much experience or experience You can often find cheaper auto insurance with a DWI or DUI on record compared to competing plans.

Progressive has many discount opportunities, including teen driver discounts, multi-vehicle discounts that can save you up to 12%, and full payment discounts. Here are a few other things we like about this auto insurance provider:

* A+ AM Best financial rating

* A+ BBB rating

* Option for custom parts to cover loan/lease proceeds and usage based insurance

Best for students: State Farm

State Farm is another great option when looking for the cheapest car insurance. In particular, we've found State Farm to be one of the most affordable options for students. The company offers some of the biggest student discounts in the industry (up to 25%). Young drivers can also take advantage of State Farm's Steer Clear® program improves their driving skills and earns even more discounts.

Since its founding in 1922, State Farm has grown to become the largest insurance provider in the United States. State Farm earned more than $40 billion in premiums in 2020, according to the National Association of Insurance Commissioners. At this level, State Farm can offer a variety of insurance options to Satisfy most drivers. Here are some more highlights from State Farm:

The cheapest car insurance will vary depending on a number of factors, including your age, driving history, and the type of car you drive. Insurance companies use different methods to calculate premiums, so it's a good idea to shop around and compare quotes from multiple companies to get the best price. Here are a few tips to help you find the cheapest car insurance:

1. Look for discounts: Many insurance companies offer discounts for things like having multiple cars on a policy, being a good student, and having a safe driving record.

2. Consider a higher deductible: If you're willing to pay a higher deductible in the event of a claim, you may be able to get a lower premium.

3. Shop around: Don't just accept the first quote you get - take the time to compare rates from multiple companies to find the best deal.

4. Consider your coverage needs: While it's important to have enough coverage to protect yourself in the event of an accident, you don't want to pay for coverage you don't need. Be sure to review your policy and remove any unnecessary coverage.

5. Maintain a good credit score: Insurance companies often use credit scores to help determine premiums, so maintaining a good credit score can help you get a lower rate.

Remember, the cheapest car insurance may not always be the best option. It's important to find a policy that meets your coverage needs at a price you can afford.