It is clear that, like many other properties (such as houses, condominiums, heavy machinery, boats and motorcycles), cars are items that must be insured if you want to significantly reduce costs in the event of accidents or mechanical breakdowns. For this reason, this article offers a list of the best auto insurance companies in the United States in this year 2021.
Taking into account vital characteristics such as costs, scores on specialised sites in critical reviews, direct opinions from users, accessibility to their portals web. A study made by the portal that gives advice on cars www.usnews.com with the help of Quadrant website specialised in analysis of the insurance industries. Here is the list of the best auto insurers in the US.
This agency, whose initials come from the English United Services Automobile Association, founded in 1922 in the city of San Antonio, Texas. At first, it was organised by a group of 25 members of the army (William Garrison being its first president), directing its attention to military personnel (something that, moreover, is strongly rooted to this day).
In general, the reviews provided by websites specialized in product and service reviews are very positive, approaching in most cases the maximum score of 5 stars.
It is characterised by offering one of the lowest costs of monetary contribution for the insurance payment, which is set at around 894.95 USD, which puts it at an advantage over the other insurance companies mentioned in this list such as Geico, Travelers and State Farm, among others.
The main disadvantage is that the possibilities of accessing the contract in the case of people outside the nation’s military environment is limited.
This company, also old, was founded in 1936 in the state of Texas by Leo and Lilian Goodwin The name comes, in turn, from the acronym in English Government Employees Insurance Corporation. As in the previous case, since its inception this company has promoted services for federal employees and members of families with military affiliation, who enjoy more accessible budgets than the rest of the population.
After reviewing a number of specialised review websites, the rave reviews approach, on average, 4/5 stars. These mainly highlight the quality and promptness of attention, the solidity of the company and the low costs in relation to direct competition. The average annual maintenance cost is $1,063.10, being more expensive than USAA.
Geico also offers insurance services to other properties, including condominiums, boats, motorcycles and houses, among other assets. Accessibility to the company’s data is wide thanks to the presence of a telephone application available to all audiences.
In this regard, it is possible to request personalized quotes and consultations at said address, in addition to having a special calculator to determine certain coverage costs according to specific situations.
Allstate founded in 1931 by Robert E. Wood, which initially offered its services to small car owners. According to general reviews, this company achieves a 4/5 star rating, mainly praising the quality of the company’s human resources, always attentive to answering questions immediately and in record time.
On the other hand, despite the fact that the moderate costs of the contract are higher than the aforementioned companies, most users have limited that they would contract the services again at the time of their renewal.
In relation to costs, taking into account the ten companies mentioned in this list. All state is the one that establishes the most budget for the contracting of services. Being set at around 1,777.66 USD per year, on average.
As mentioned in the previous case, this company also has insurance services for houses, motorcycles, machinery, income and health. Its web page, which is extremely intuitive with the aim of easily navigating the portal, allows obtaining information about costs according to specific conditions in the contract, as well as providing useful information about discounts and company policies.
4. State Farm
This company also has a long way to go, founded in 1922 by a retired farmer ( George Jacob Mecherle ) who decided to dedicate himself to the world of insurance when his career in the field began to decline. Its name, of course, is related to the other passion of its founder.
This insurance company enjoys great popularity in the nation, being one of those that reported the fastest growth speed throughout its history, mainly in the middle of the century.
The general reviews give it, as in the two previous cases, a score of 4/5 stars in most of the specialized review sites on the internet. Around 60% of users reported being completely satisfied with the service offered, and a small percentage (19%) commented that they simply, “satisfied”.
It may not have the excellent customer service mentioned by Allstate, but its strong institution and more affordable prices make it a favorable option for many people. In fact, the average and standard contract price is around $1,260.12.
State farm has its own website in Spanish for all Spanish speakers within the United States, including insurance services for health and housing cases, options that can be used in conjunction with contracting auto services.
Farmers founded in 1928 by two partners, John C. Tyler and Thomas E. Leavy, also targeting their services for farmers in different rural areas, something common for the time. The company subsequently grew, forming its headquarters in Los Angeles.
Auto insurance services include a wide variety of options in case of accidents, a distinctive feature of this company. It includes liability coverage, collision coverage, comprehensive, and other types related to personal injury and loss.
Like the previous options, it is also possible to extend the services towards the home and the rent. Being feasible in some cases to apply specific discounts if an insurance contract for the family car also requested. Plus, the average cost is about $1,538.21, slightly cheaper than Allstate.
The specialized reviews highlight the human quality of its staff. Who are excellently qualified thanks to the attention offered during specialized consultations.
On its website, you can find a large amount of information regarding costs and contracting services. As well as being able to access the company’s blog where a large number of useful articles related to car accidents and general inconveniences are available.
Progressive has extensive experience in the area, being founded in 1937 by Joseph Lewis and Jack Green. Two lawyers who sought, like the creators of other companies, to extend services to more people in the nation.
The scores offered by users on various specialized websites rate the company. On average, 3.89 / 5 stars, slightly lower than the rest of the companies mentioned in this list.
Around 60% of users have been completely satisfied with the service. Despite the fact that not all recommend hiring other members of their family and social circle.
The average cost of hiring auto insurance services is 1308 USD. Being in the group of the most expensive on this list. It also draws attention, as reflected on its website. The possibility of contracting mixed services of auto with home and rents. In addition to providing life insurance, motorcycles, mobile homes, various condominiums and even boats.
It remembered that some costs may vary depending on the person’s area of residence. Although these data can be consulted on the same portal.
7. American Family
The businessman Herman Wittwer was in charge of founding the American Family in 1927. Also taking into account the situation of Wisconsin farmers. Who were at a disadvantage in terms of insurance for their properties. It is currently included in the Fortune 500 list, which includes several of the largest companies in the world.
Despite this, it has an overall score of 3.68 / 5 on average, after reviewing specialized websites in the area. The highlight according to users is the speed with which the company solves specific problems. Something that is especially appreciated in emergency situations.
The cost to hire is around $1,325.99 (on average), ranking among the most expensive on this list (below Allstate, Farmers, and Nationwide, which will be mentioned later). It also includes services that cover houses and other vehicles, such as motorcycles and boats.
Its website has a section specially dedicated to the most frequent questions and answers (FAQs) consulted by users. Including valuable information on contact, prices and characteristics of the contract.
Founded in Ohio in 1925, it was also created to solve the problems of farmers in rural communities. Gradually expanding to become one of the largest companies in the area within the United States.
It has an average score of 3.92 / 5 stars on review websites, highlighting the ease of communication with staff. Although fewer people said the conflict resolution process was quick, putting Nationwide at a disadvantage compared to others. companies.
As discussed above, the cost of the contract is high at approximately $1,529.58, ranking only behind Farmers and Allstate on the list.
Its website has the distinction of including contract promotions, including at first glance the possibility of acquiring a free Amazon Echo Auto account with the direct contracting of a service with Nationwide. It also includes services for the home, cars, motorcycles, snow equipment, boats, and some machinery.
The best thing about this company includes its solidity and track record in the market. Although many people may find its cost excessive when compared to the competition. Many of which also have excellent reviews and with somewhat lower costs.
At the bottom of this list is Travelers, one of the longest-running insurance companies to be found (founded in 1897). It has more than 30,000 employees, with a strong international presence.
Despite being in the last position, it has a score on various specialised review sites of 4.03 / 5 stars. It stands out mainly for the direct satisfaction reported by its users. With a considerable majority commenting that they would hire the services again at the time of contract renewal. In addition to recommending it to their family and friends.
Traveler main benefit may be its low cost, as at $1,260.12. It ranks behind USAA and Geico as the cheapest insurance companies on this list. Of course, the favorable comments from this company probably have to do with this fact.
Its website is also characterised by being very intuitive, directly offering the possibility of finding a specialised service agent just by entering the type of property to be insured and the zip code.
Similarly, the portal offers detailed information on the types of contract and the specific conditions. That said company covers in case of accidents or problems in general.
10. Freeway Insurance
Founded in 1987, FreewayInsurance.com has prided themselves on fantastic car insurance at absolutely affordable prices. Their team has grown to over 2,000 employees with all levels of car insurance, ranging from basic to full comprehensive insurance policies.
Freeway Insurance is the largest privately-held car insurance provider in the US thus they can compete with other top tier insurance companies and provided discounted rates.
9 Best Cheapest car insurance companies
It is the cheapest auto insurance company in America and offers the lowest auto insurance rates in the country, according to our analysis. This insurer has a representative low rate of only $885 per year, which is almost $300 less than the next cheapest insurance company in our study. USAA has the lowest studio premiums for nearly every driver profile we analyzed. And even when it wasn’t the cheapest, it wasn’t much more expensive than its cheaper rival.
It is the second cheapest auto insurance company, with a study rate of $1,168 a year. That’s a bit more expensive than the representative USAA rate. But it’s still around 17% cheaper than the national average in our analysis. Geico offers some of the lowest study fees for almost all driver profiles except the one with a DUI. This insurance company really stands out from its competitors when we look at our 25-year-old driver profiles. Geico’s representative rates for these profiles are hundreds of dollars cheaper than those offered by almost all other insurers.
It is the third cheapest auto insurance company in our study. With a representative annual rate of $1,234, State Farm is cheaper than the national average. Based on our analysis, this insurer is a great option for representative profiles with less than stellar driving records. State Farm survey rates are well below the national average for profiles with a speeding ticket or accident. This insurer was the cheapest of all for the profile with a DUI.
This is the fourth cheapest auto insurance company in our ranking of the cheapest insurers. However, it is still a surprising distance from State Farm and Geico, with a representative premium of $1,267 per year. Across the range of our driver profiles, regardless of age, gender, credit score, or driving history, travelers had survey rates that were slightly below average.
This is the fifth cheapest auto insurance company. Its representative rate is still slightly below the average for all companies, with a study premium of $1,373. The same is true for most of our driver profiles, with Progressive’s rates close to or just below average. Progressive is a great option for the DUI driver profile, with a much lower than average study rate. However, it is among the most expensive for the profile with accident.
This is the sixth cheapest auto insurance company, with a study premium of $1,391. This is the last auto insurance company with a representative rate lower than the national average. Like Progressive, American Family stayed around the average among the nine insurers for most of our driver profiles. But drifted toward the cheaper end for profiles with poor driving records.
It is the seventh cheapest auto insurance company. Their $1,682-a-year tuition fee is roughly 20% higher than the representative American Family premium. It’s also a couple hundred dollars more expensive than the national average. Farmer study fees are consistently expensive for all of our driver profiles (although they are never the most expensive).
It is the eighth cheapest auto insurance company, and its annual study rate of $1,864 is about $200 more expensive than the representative Farmers rate, and more than $400 higher than the national average. More damning: Nationwide is more than twice as expensive as USAA. This auto insurance company is particularly expensive for our 25-year-old driver profile.,Aas well as those with a bad driving record. For the DUI profile, Nationwide has a study fee of more than $4,000 per year, or nearly $350 per month.
It is the most expensive auto insurance company in our study, albeit by a hair. This company’s $1,880 tuition fee only costs about $1 more per month than Nationwide’s. Still, Allstate ultimately takes the dubious crown as the most expensive auto insurer in our analysis. With rates especially high for our 35- and 60-year-old driver profiles. Allstate also heavily penalizes profiles of drivers with poor or poor credit.
It is important to note that our data may not include all the states in which each of these companies operates. Survey rates for Allstate, Geico, and State Farm based on data reported in all 50 states and the District of Columbia. While USAA based on data from 48 states, Progressive on data from 47 states. Nationwide on data from 43, Farmers in data from 31. Travellers with data from 24 and American Family with data from 19.
How much does car insurance cost?
According to our study, the national average representative rate. Among the nine largest auto insurance companies in the country is $1,416. That said, it is not possible to say exactly how much it will cost you, as insurers set rates using a wide range of custom data.
To show how much auto insurance rates can fluctuate. We’ll look at how age or gender can affect premiums in our study. The 25-year-old male driver profile had the highest average study rate. At $1,669, closely followed by the 25-year-old female profile, who averaged $1,593. The lowest representative premium we found was for the 60-year-old female profile ($1,229), and then the 60-year-old male profile ($1,267). Rates for 35-year-old profiles were around $1,370 for men and women.
Your driving history influences your auto insurance rates. In our study, profiles of drivers with a clean driving record have a simple average representative rate of $1,416 per year in auto insurance premiums. Profiles of drivers with a speeding ticket average $1,724 and profiles of drivers with an accident have a study rate of $2,028 based on the data and simple averages used in our study. The profiles of drivers with a DUI conviction in our study had the highest representative rates of all, $2,464. Or an additional $1,000 per year over the profile with a clean record.
How Credit Score Effect Car Insurance?
You may not realize this. But your credit score plays a big role in determining how much you pay for car insurance. Our reference driver profile with a good credit score had an average rate of $1,401 per year among all the insurers in our study. With a fair credit rating, our driver profile saw an increase of approximately 19% annually. That is a study fee of $1,666. The profile of a driver with a poor credit score further affected. The average representative premium for this profile of $2,353 a year is 71% (or almost $1,000) higher than the study rate for the profile with good credit.
The type of auto insurance coverage you choose will also affect your rates. The profiles of drivers with basic auto insurance coverage had study rates of $1,341 per year on average. While the profiles of drivers with medium coverage had study rates of $1,416. The profiles of drivers with high coverage had study rates of $1,491 on average. While it may be tempting to save some money on your auto insurance premiums by opting for lower coverage. Not having enough coverage for your situation can be a costly mistake if you have to file a claim. The study rates for high and low coverage in our example show. That more protection only costs about $12.50 more per month.