In this day and age, it’s no secret that car insurance is a necessary evil. We all need it to protect ourselves financially in the event of an accident, but that doesn’t make it any less of a pain to pay for. The good news is, there are plenty of car insurance companies out there vying for your business.
The bad news is, not all of them are created equal. Some are much more expensive than others, and some don’t even come close to covering what you need. So, how do you know which car insurance company is right for you? In this blog post, we will explore the cheapest car insurance companies so that you can make an informed decision about your coverage.
Geico
Geico is the second-largest auto insurer in the United States. According to Forbes, Geico is also the cheapest car insurance company, with an estimated average annual premium of $1,168. This is significantly lower than the industry average of $1,430.
There are a few reasons why Geico is so cheap. First, Geico has a very efficient business model. The company uses direct marketing and technology to sell its products and services, which reduces costs. Second, Geico has a strong focus on low-risk drivers. This allows the company to offer lower premiums to its customers. Finally, Geico has a good reputation for customer service, which helps keep claims and expenses low.
State Farm
State Farm is the largest car insurance company in the United States. With over 18% of the market share, State Farm is near twice the size of its nearest competitor, Allstate.
Founded in 1922 by G.J. Mecherle, State Farm has been a mutual company since its beginning. That means that instead of having shareholders, policyholders are members who own the company. State Farm is headquartered in Bloomington, Illinois.
State Farm offers a wide variety of insurance products, including auto, homeowners, life, health, and commercial insurance. They also have a bank and offer banking products such as checking accounts, savings accounts, and mortgages.
In recent years, State Farm has been known for its large advertising budget and catchy slogans like “Like a good neighbor, State Farm is there.”
Progressive
If you’re looking for cheap car insurance, you should definitely consider Progressive. They offer some of the lowest rates in the industry, and they have a number of discounts that can save you even more money.
Progressive is one of the largest car insurance companies in the United States, so you can be sure that they have the financial stability to pay out claims. They’re also known for their excellent customer service, so you can be confident that you’ll be taken care of if you have to file a claim.
There are a few things to keep in mind when shopping for car insurance, and Progressive is no exception. Make sure you get quotes from multiple companies so that you can compare rates, and be sure to read the fine print before signing up for a policy.
All in all, Progressive is a great choice for cheap car insurance, and they offer a wide range of coverage options to fit your needs.
Allstate
There are a lot of factors to consider when shopping for car insurance. But if you’re looking for the cheapest option, Allstate is a good place to start.
For starters, Allstate offers a variety of discounts that can save you money. For example, if you have a clean driving record, you could save up to 20% on your premium. And if you’re a safe driver who uses defensive driving techniques, you could save even more.
In addition to offering discounts, Allstate also has some of the lowest rates around. Their basic liability policy starts at just $29 per month, and their comprehensive coverage starts at $67 per month. That’s significantly cheaper than the average price of car insurance in the United States, which is $79 per month.
Of course, the price isn’t everything. You’ll also want to make sure that you’re getting good value for your money. But from what we can see, Allstate offers a great combination of low rates and valuable discounts.
USAA
If you’re looking for the cheapest car insurance, you’ll want to take a close look at USAA. This company offers some of the most competitive rates in the industry, and they have a long history of providing excellent service to their policyholders.
USAA has been serving the military community for over 90 years, and they have a deep understanding of the unique needs of this group. They offer a variety of discounts to members of the military and their families, and they’re always looking for ways to save their customers money.
In addition to their great rates, USAA also offers a number of other perks that make them worth considering when you’re shopping for car insurance. They have a strong reputation for customer service, and they offer a wide range of coverage options that can be tailored to your specific needs.
If you’re looking for the cheapest car insurance possible, USAA is definitely worth considering. Their rates are highly competitive, and they offer a number of benefits that make them an attractive option for many drivers.
How to get the best car insurance rates
There are a few things you can do to get the best car insurance rates. First, shop around and compare rates from different companies. Second, ask for discounts. Many companies offer discounts for things like having a good driving record, being a homeowner, or taking a defensive driving course. Third, consider raising your deductible.
