Not only do the top auto insurance providers on the market provide excellent protection at reasonable costs. Additionally, they offer exceptional customer service, technology that is simple to use, and an easy claims process.
It can be intimidating to select the right auto insurance provider for you. Because of this, the Home Media reviews team has done the research for you and ranked the best 10 auto insurance providers. In this post, we'll go into detail about the five top vehicle insurance companies and examine each one's reputation, accessibility, coverage options, discounts, and customer experience.
Ten businesses stood out among the competitors as the top vehicle insurance providers after we conducted a detailed analysis of the auto insurance market. Our staff ranked these insurers after taking into account factors including state accessibility, coverage depth, cost, and customer satisfaction ratings from organizations like J.D. Power.
Additionally, we considered the National Association of Insurance Commissioners' stated complaint volume and AM Best's ratings for financial strength (NAIC). A 10-point scale was used to rate each insurer. Below, we'll examine our top five selections for the best vehicle insurance providers in more detail.
Car Insurance Company | Overall Rating | Our Award |
|---|---|---|
#1 USAA | 9.5 | Low Rates for Military |
#2 Geico | 9.2 | Editor’s Choice |
#3 State Farm | 9.2 | Most Popular Provider |
#4 Progressive | 9.2 | Low Rates for High-Risk Drivers |
#5 Travelers | 9.1 | Most Coverage Options |
#6 Erie Insurance | 9.0 | |
#7 Liberty Mutual | 8.8 | |
#8 Auto-Owners Insurance | 8.8 | |
#9 Farmers Insurance | 8.7 | |
#10 Nationwide | 8.6 |
Picks for the Best Automobile Insurance
USAA, Geico, State Farm, Progressive, and Travelers are our top five choices for the best auto insurance.
#1 Low Rates for Military with USAA
Cost on average: $
12 discounts total.
37 states have SafePilotTM usage-based insurance.
Our top pick for the finest auto insurance in the country is USAA. It consistently ranks as one of the finest suppliers in terms of client happiness and value according to J.D. Power auto insurance assessments. The business is highly renowned for its excellent client reviews and reasonably priced coverage options, which include accident forgiveness. But not everyone is eligible, and there are severe guidelines for eligibility.
Only service personnel, veterans, and their families are eligible to get USAA motor insurance, which severely limits who can do so. One of your greatest possibilities is a USAA insurance coverage, if you are qualified. USAA provides the following extra coverage options in addition to the conventional forms of auto insurance:
* Towing service
* reimbursement for a rental automobile
* Forgiveness of mistakes
* glass protection
* guaranteed protection of assets (GAP insurance)
* replacement vehicle assistance (CRA)
* ridesharing protection
AM Best rated USAA's financial strength as A++, and the Better Business Bureau gave it an A+ rating (BBB). According to the NAIC, the market share of the auto insurance was 6.01 percent in 2021. Despite not being the biggest auto insurer, USAA has respectable financial stability. The business wrote premiums for private passenger auto insurance totaling $15.73 billion in 2021.
Policyholders are nonetheless pleased with USAA's customer service despite the company's limited physical presence. With the exception of California, USAA received the highest score in the J.D. Power 2022 U.S. Auto Insurance StudySM, but it is not rated because of its eligibility requirements. And the largest percentage of any provider, over 65 percent of the 107 respondents with coverage through USAA indicated they were extremely satisfied with USAA insurance in our January 2022 car insurance poll.
Additionally, USAA is renowned for its affordability. In comparison to the other providers we looked into, it provides the lowest vehicle insurance on average. According to our rate projections, good drivers with USAA pay an average of $1,054 annually for full coverage auto insurance. The company also provides savings for a variety of factors, such as numerous policies (like bundling house and auto insurance) and safety features like airbags.
In our USAA insurance review, you can read more about the provider.
#2 Geico: Editor’s Choice
Average price: $
16 discounts total.
Insurance based on usage: Drive Simple in 28 states
If USAA insurance is not an option for you, Geico should be your first pick. According to our rate estimations, the organization provides dependable service, a large selection of coverage, and affordable auto insurance rates.
Geico provides practical add-ons in addition to the regular coverage options, including:
* roadside assistance in an emergency
* reimbursement for a rental automobile
* insurance for mechanical failure (MBI)
* ridesharing protection
AM Best gave Geico an A++ (Superior) rating, indicating that it has the resources to cover consumers' insurance claims. Compared to a smaller, regional firm, a larger vehicle insurance like Geico has more stable finances.
Geico is known for its excellent customer service. With the exception of the Mid-Atlantic, Southwest, and Texas, Geico outperformed the national average in every region studied by the J.D. Power Auto Insurance Study. Customers' satisfaction with claims, billing, price, policy, and other topics was assessed for the study. Additionally, of the 1,000 responses to our insurance survey conducted in January 2022, approximately 12% chose Geico as their insurance carrier.
Geico offers some of the most reasonable premiums we've ever seen. According to our rate projections, Geico's full coverage auto insurance costs drivers on average $1,308 a year. For 35-year-olds with good credit and driving records, these rate projections are valid. According to our calculations, Geico is among the three most affordable national suppliers.
Additionally, the insurer provides a number of methods to save money, such as a multi-vehicle discount, a good student discount, and a good driver discount (up to a combined 26 percent off) (up to 25 percent off).
In our evaluation of Geico insurance, we provide more information about the business.
#3 State Farm: Most Popular Provider
Average price: $
13 discounts total.
Drive Safe & SaveTM is a usage-based insurance program (not available in California, Massachusetts and Rhode Island)
Another excellent option when looking for the finest car insurance available is State Farm. 13 percent of the 1,000 people we surveyed for our insurance study in January 2022 said they had purchased State Farm insurance coverage, making the insurer the most well-liked provider overall.
In addition to the typical types of coverage, State Farm provides:
* coverage for emergency road services
* coverage for car rentals and travel costs
* driver coverage for ridesharing
According to our cost projections, safe drivers spend an average of $1,481 per year for full coverage insurance via State Farm. This places State Farm as one of the least expensive national service providers.
State Farm, the largest auto insurer in the nation, has a reputation for satisfying claims; AM Best has given them an A++ rating. State Farm has 15.93% of the market share for auto insurance in 2021, according to the NAIC. Additionally, State Farm received less complaints in 2020 than the industry standard, despite conflicting customer feedback on the BBB.
We selected State Farm as one of the finest auto insurance providers in the US, in part due to the usage-based and safe driving incentives it provides to new drivers. Two discount programs are accessible via mobile apps:
* Drive Safe & Save: State Farm uses the Drive Safe & Save smartphone app to monitor and reward safe driving behaviors. Drivers can save up to 30% on their rates by cutting out on risky driving habits like rapid acceleration, harsh braking, and speeding. Massachusetts, Rhode Island, and California do not provide this program.
* With Steer Clear®, teen and first-time drivers can receive mentoring, driving instruction, certification in the program, and course training to promote safe driving practices. Drivers who complete the program successfully receive a discount on their annual price for auto insurance.
Additionally, State Farm offers savings for good grades, defensive driving, safe driving behavior, car safety features, and successful completion of a driving course. There is no military discount provided by the business.
In our State Farm insurance review, you can read more about the company. #4 Progressive: Low Rates for High-Risk Drivers
Average price: $
13 discounts total.
Utilization-based coverage: Snapshot® (not available in California or North Carolina)
Progressive can be the best option for you if you are under 21, an older driver, or have been charged with DUI or DWI. Aside from USAA, we discovered that Progressive frequently offers high-risk drivers' insurance at the lowest possible nationwide rates. Additionally, according to our rate estimates, safe drivers spend an average of $1,611 year with Progressive for full coverage insurance, placing the company only below State Farm and Geico in terms of affordability.
In addition to the conventional forms of auto insurance, Progressive provides:
Towing service
* reimbursement for a rental automobile
* Loan/Lease Repayment
* Value of customized equipment and parts
* cab service coverage
Despite having a mixed reputation for customer service, Progressive performed better than average in roughly half of the regions studied by the J.D. Power Auto Insurance Study. Seventy-four percent of Progressive policyholders reported being happy with their coverage in our 2022 auto insurance survey. Additionally, Progressive has excellent financial stability, earning an A+ rating from AM Best. According to the NAIC, the company also wrote more than $35 billion in premiums in 2021.
Progressive was contacted by our team for comment regarding its poor review ratings, but we did not hear back.
Progressive has solutions to assist you cut your rates in addition to discounts on auto insurance. Progressive's Snapshot® program promotes safe driving behavior with premium discounts using a mobile app that monitors and records your driving behaviors. According to Progressive, drivers who utilize Snapshot typically save $146 on their insurance. However, North Carolina and California do not provide this program.
The Name Your Price® tool should be investigated by drivers who are interested in Progressive policy. Depending on your budget for auto insurance, the insurer will tailor a range of coverage alternatives.
Our review of Progressive insurance has more information.
#5 Travelers: Most Coverage Options
Average price: $
12 discounts total.
Utilization-based coverage: IntelliDrive® (available in 40 states)
For drivers who seek additional coverage alternatives, Travelers can be a suitable vehicle insurance option. The insurer provides the following coverage options in addition to traditional insurance:
* Gap insurance for auto loans and leases
* Car rental insurance
* Towing service
* substitute new vehicle
* Forgiveness of mistakes
* cab service coverage
* Known as non-owner insurance
* supplemental insurance
Due to its sound financial standing and capacity to settle insurance claims, Travelers has received an AM Best grade of A++. However, opinions on the insurer's customer service are divided. With the exception of New York, Travelers scored below the segment average in the J.D. Power Auto Insurance Study.
Inquiries regarding Travelers' unfavorable review scores were not answered when our team contacted the company.
According to our analysis, a full coverage policy from Travelers costs an average of $1,669 per year, which is slightly less than the national average. The vehicle insurer provides a variety of discounts, including savings for homeowners, deserving students, and safe drivers.
Read our thorough Travelers insurance review to learn more.
What Kinds of Auto Insurance Are There?
Six common types of auto insurance are provided by the majority of insurers. Some types of auto insurance plans must be purchased in accordance with your state's minimum standards. But generally speaking, getting more insurance than what the law requires is a smart thing.
Liability auto insurance: If you cause an accident and are found to be at fault, bodily injury liability insurance (BI) will protect other motorists and passengers, and property damage liability insurance (PD) will protect other vehicles or other property.
Collision insurance: Regardless of who is at blame, collision coverage safeguards your car.
Insurance that covers everything: Comprehensive coverage covers damage to your car brought on by weather, theft, or vandalism.
Insurance that covers everything: Comprehensive coverage covers damage to your car brought on by weather, theft, or vandalism.
Medical payments (MedPay): MedPay pays for all subsequent medical costs for you and your passengers as a result of an accident.
Personal injury protection (PIP): Regardless of fault, PIP pays for your medical expenses, lost wages, and death payments for you and your passengers.
Underinsured/uninsured motorist coverage (UIM/UM): If you are involved in an automobile collision with a driver who has insufficient insurance or no insurance at all, this sort of policy will protect you.
In our January 2022 automobile insurance survey, we discovered that 67% of the 1,000 participants bought full coverage insurance, which combines liability, collision, and comprehensive coverage.
How much does automobile insurance run?
Our rate projections show that full coverage insurance costs between $1,000 and $2,500 year on average for 35-year-old drivers with acceptable credit and a clean driving record. The cost of car insurance is influenced by a variety of variables, including your age, region, credit score, driving history, and vehicle type.
Following are ten widely used insurance companies' typical monthly and annual expenses, calculated using our full coverage rate projections:
| Car Insurance Provider | Average Monthly Cost Estimate | Full Coverage Cost Estimate | |||
|---|---|---|---|---|---|
| USAA | $88 | $1,054 | |||
| Erie Insurance | $103 | $1,238 | |||
| Nationwide | $107 | $1,280 | |||
| Geico | $109 | $1,308 | |||
| Auto-Owners | $111 | $1,337 | |||
| State Farm | $123 | $1,481 | |||
| Progressive | $134 | $1,611 | |||
| Travelers | $139 | $1,669 | |||
| Allstate | $174 | $2,088 | |||
| Farmers | $178 | $2,140 |
How Car Insurance Prices Vary Based on Driving Profile
A variety of factors influence how much you pay for car insurance coverage, which is why each car insurance company tailors quotes to each individual driver. For example, having an at-fault accident can add approximately $912 to your annual rate on average, whereas having poor credit or a DUI can add approximately $1,456.
Cost of Car Insurance by State
Your car insurance quote may be higher or lower depending on where you live, in addition to your driving profile. According to our estimates, Michigan, New York, and Louisiana have the highest rates for car insurance, while Ohio, Wisconsin, and Maine have the lowest.
What Factors Influence Car Insurance Prices?
The cost of car insurance is influenced by a number of factors, some of which are within a driver's control and others that are not. Understanding what you have control over can help you get the best insurance rate.
The following are the most common factors that influence car insurance costs:
Drivers in larger, more urban areas frequently face higher auto insurance rates. Insurers account for the increased likelihood of a collision in cities due to increased traffic and vehicle per capita.
Drivers under the age of 25 and elderly drivers typically face higher insurance premiums because they are considered higher risk. New drivers, regardless of age, will pay more for auto insurance.
Driving record: A car insurance policy will cost more if you have an at-fault accident, moving violations, or a DUI/DWI on your record.
Credit score: A high credit score indicates to insurers that a driver is dependable and financially responsible, and thus their auto insurance policy will be less expensive. A low credit score can cause your rates to rise (except in California, Hawaii, Massachusetts and Michigan).
Vehicle type: Drivers who own expensive sports cars frequently pay more for the best car insurance because repairs are more expensive after an accident.
A lower deductible results in a higher premium.
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