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car indemnity provides a fiscal base hit web and can help protect your finances from losses ascribable to accidents. Auto insurance coverage is critical to your overall fiscal health, so finding the proper company for your needs is an authoritative job. To help you in your search, Bankrate analyzed average quoted premiums, obtained from Quadrant Information Services, for hundreds of indemnity companies. We besides reviewed available coverage options, discounts, digital resources and third-party customer satisfaction and fiscal persuasiveness ratings in our pursuit to find the best car insurance companies. How Bankrate evaluated the top car policy companies : Our policy column team keeps pace with the car insurance market to ensure we choose carriers based on factors that matter most to consumers, as informed by our team of policy experts. Our research could help you find the best car policy options for your alone circumstances. Shopping around is one of the most impactful strategies to find the best cable car indemnity company for your needs and budget, specially as rates rise to keep footstep with inflation, supply chain issues and changing driving habits .
How to compare the best car insurance companies
When reviewing multiple car policy companies, using an apples-to-apples comparison can be helpful. Knowing how to find companies that could meet your needs and how to compare those companies can be an important skill to have. While an average annual premium calculate may be a good initial index of how a ship’s company will stack up against others, it doesn ’ t provide the full fib. Quotes should ideally include the lapp coverage levels and types, with the like personal details and vehicle information given to each ship’s company. Depending on your preferences, you may besides want to review trust third-party ratings for an extra judgment of a ship’s company ’ second performance, such as J.D. Power customer gratification ratings, the National Association of Insurance Commissioners ( NAIC ) consumer charge index and fiscal forte grades from multiple citation rate agencies. This data can be found on-line, or an insurance agent can help you obtain this type of information about the car insurers you are matter to in .
How Bankrate picked the best auto insurance companies for 2022
To provide an easy-to-use shopping and comparison tool for consumers, we calculated a Bankrate Score out of 5.0 entire points. The higher a ship’s company ’ south Bankrate Score, the more competitively that company ranked in each scoring category. Our picks highlight car insurers that :
- Generate a 4.0 or higher Bankrate Score
- Earn a J.D. Power claims satisfaction score within 20 points of the industry average or higher in the 2021 U.S. Claims satisfaction Study
- Carry an “Excellent” or “Superior” financial strength rating from AM Best
- Have a strong digital presence with a consumer-friendly mobile app or digital policy management features
- Are deemed by Bankrate to be the best in a particular market category
-
- Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population concentration in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean repel record, good credit and the stick to full moon coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimal coverage that meets each express ’ mho requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a workweek and drive 12,000 miles annually.
These are sample distribution rates and should merely be used for comparative purposes .J.D. Power scores
J.D. Power is a global market research company that has decades of experience within the automotive, fiscal and health industries, among others. It conducts annual surveys on customer satisfaction across these sectors to help provide penetration into the qualities that matter most between consumers and businesses. Its car insurance studies take into account customer satisfaction across several categories that impact consumers, including customer serve, claims work, policy offerings and premiums, which make its scores a useful qualitative tool in assessing car insurers .
- Bankrate Scores primarily reflect a burden rank of industry-standard ratings for fiscal strength and customer have in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is significant for drivers to be confident their fiscal protective covering covers the likeliest risks, is priced competitively and is provided by a financially heavy company with a history of convinced customer back and claims-paying ability. In our evaluation, third-party ratings from J.D. Power, AM Best, Standard & Poor ’ south, National Association of Insurance Commissioners and Moodys had a meaning impact on the companies ’ Bankrate Scores.
Our top picks for “ best for ” reflect a combination of Bankrate Scores and handiness to drivers around the state, in addition to the specific qualities associated with each company.
*Scores reflect the company ’ second performance in states available .
- Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population concentration in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean repel record, good credit and the stick to full moon coverage limits :
Compare car insurance companies in May 2022
Summary: best car insurance companies
| Company | Average annual full coverage premium | Who it’s best for | Bankrate Score |
|---|---|---|---|
| USAA | $1,209 | Best overall car insurance company | 5.0/5.0 |
| Clearcover* | N/A | Best for digital presence | 5.0/5.0 |
| Geico | $1,297 | Best for driving incidents | 4.7/5.0 |
| State Farm | $1,397 | Best overall car insurance company | 4.7/5.0 |
| Travelers | $1,447 | Best for personalized coverage | 4.7/5.0 |
| Erie | $1,321 | Best for robust coverage | 4.6/5.0 |
| Auto-Owners | $1,305 | Best for discounts | 4.5/5.0 |
| Amica | $1,495 | Best for claims satisfaction | 4.5/5.0 |
| Nationwide | $1,383 | Best for coverage on a budget | 4.4/5.0 |
| Progressive | $1,561 | Best for digital policy management | 4.4/5.0 |
| Allstate | $2,438 | Best for high-value cars | 4.0/5.0 |
*Overall standing affected by restrict data handiness
USAA
Best car insurance company overall
5.0 Bankrate Score
J.D. Power: 909/1,000
AM Best: A++
AVERAGE ANNUAL PREMIUM
$1,209 for full coverage
Get a personalized quote
- Why this company made our list: With the highest Bankrate Score of the auto insurers Bankrate analyzed, USAA easily makes our list of best insurance companies for nationwide availability and top tier customer service. Although only available only to current or former military members and their eligible families, USAA is a top scorer in J.D. Power customer satisfaction surveys, has impeccable financial strength as rated by AM Best, S&P and Moody’s, and still manages to provide some of the lowest-priced auto insurance quotes in the industry.
- Why USAA is best overall for car insurance: USAA earns top marks from all major third-party rating agencies for customer service and financial strength. Coupled with having the lowest average full coverage premium on our list, customers are privy to multiple coverage options, rewards and discounts, including unique circumstances like deployment for active-duty members. While not all drivers may qualify for coverage from USAA, the company is a standout for millions of military families across the country.
Perks
- Excellent customer service scores and financial strength ratings
- Low average rates
- Military-focused coverage options
Drawbacks
- Only available to active-duty military, veterans and immediate family members
- Fewer specialty coverage options than other carriers
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| USAA | $1,209 | $354 | Read full USAA Insurance review |
| State Farm | $1,397 | $456 | Read full State Farm Insurance review |
| Amica | $1,495 | $444 | Read full Amica Insurance review |
Best car insurance company overall
5.0 Bankrate score
J.D. Power: 909/1,000
AM Best: A++
- Why this company made our list: With the highest Bankrate Score of the auto insurers Bankrate analyzed, USAA easily makes our list of best insurance companies for nationwide availability and top tier customer service. Although only available only to current or former military members and their eligible families, USAA is a top scorer in J.D. Power customer satisfaction surveys, has impeccable financial strength as rated by AM Best, S&P and Moody’s, and still manages to provide some of the lowest-priced auto insurance quotes in the industry.
- Why USAA is best overall for car insurance: USAA earns top marks from all major third-party rating agencies for customer service and financial strength. Coupled with having the lowest average full coverage premium on our list, customers are privy to multiple coverage options, rewards and discounts, including unique circumstances like deployment for active-duty members. While not all drivers may qualify for coverage from USAA, the company is a standout for millions of military families across the country.
Perks
- Excellent customer service scores and financial strength ratings
- Low average rates
- Military-focused coverage options
Drawbacks
- Only available to active-duty military, veterans and immediate family members
- Fewer specialty coverage options than other carriers
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| USAA | $1,209 | $354 | Read full USAA Insurance review |
| State Farm | $1,397 | $456 | Read full State Farm Insurance review |
| Amica | $1,495 | $444 | Read full Amica Insurance review |
View rate
Clearcover
Best car insurance company for digital presence
5.0 Bankrate Score
J.D. Power: Not Rated
AM Best: A-
AVERAGE ANNUAL PREMIUM
$N/A for entire coverage
Get a personalize quote
- Why this company made our list: Clearcover’s technology-driven car insurance is reinventing the insurance landscape, making it a clear contender for any driver seeking the best modern auto insurance experience compared to other car insurance companies. The insurtech company’s digital approach allows it to sell highly affordable policies.
- Why Clearcover is best for digital presence: Although only currently available to drivers in 20 states, Clearcover is disrupting the auto insurance market by putting technology in the spotlight. The carrier uses artificial intelligence-based digital tools to its advantage, revamping how car insurance is quoted, purchased and serviced. Clearcover’s highly-rated mobile app puts control over managing policies directly in users’ hands. The streamlined approach enables Clearcover to pay most auto claims in less than a week, with some even being eligible for same-day processing.
Perks
- Cutting-edge technology
- Fast insurance quotes and expedient claims processing
Drawbacks
- Only available in 20 states
- Limited data regarding customer satisfaction
Policyholders seeking a technology-driven insurance experience
Best car insurance company for digital presence
5.0 Bankrate score
J.D. Power: Not Rated
AM Best: A-
- Why this company made our list: Clearcover’s technology-driven car insurance is reinventing the insurance landscape, making it a clear contender for any driver seeking the best modern auto insurance experience compared to other car insurance companies. The insurtech company’s digital approach allows it to sell highly affordable policies.
- Why Clearcover is best for digital presence: Although only currently available to drivers in 120states, Clearcover is disrupting the auto insurance market by putting technology in the spotlight. The carrier uses artificial intelligence-based digital tools to its advantage, revamping how car insurance is quoted, purchased and serviced. Clearcover’s highly-rated mobile app puts control over managing policies directly in users’ hands. The streamlined approach enables Clearcover to pay most auto claims in less than a week, with some even being eligible for same-day processing.
Perks
- Cutting-edge technology
- Fast insurance quotes and expedient claims processing
Drawbacks
- Only available in 20 states
- Limited data regarding customer satisfaction
Policyholders seeking a technology-driven insurance feel
View rate
Geico
Best car insurance company for driving incidents
4.7 Bankrate Score
J.D. Power: 871/1,000
AM Best: A++
AVERAGE ANNUAL PREMIUM
$1,297 for entire coverage
Get a personalized quotation mark
- Why this company made our list: Geico’s long history as a trusted, household-name auto insurer is reflected in its high Bankrate Score and is one of the reasons we included it as a top company. Coverage is available for virtually every type of driver, making its car insurance coverage accessible even for consumers with blemished driving histories.
- Why Geico is best for driving incidents: Geico is one of the few top auto insurance companies that will write policies for drivers even after high-risk incidents, such as DUI convictions. While high-risk policies are generally more expensive, a high-risk driver may also have a harder time finding coverage, especially from major car insurance companies. Geico is an easily-accessible option for most people.
Perks
- Typically available to high-risk drivers
- Highly rated digital app and mobile tools
- An array of discounts
Drawbacks
- Customer service scores vary by region
- Fewer coverage options
- Fewer in-person local agents compared to other car insurance companies
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Geico | $1,297 | $365 | Read full Geico Insurance review |
| Travelers | $1,447 | $477 | Read full Travelers Insurance review |
| Safe Auto | $2,457 | $670 | Read full Safe Auto Insurance review |
Best car insurance company for driving incidents
4.7 Bankrate sexual conquest
J.D. Power: 871/1,000
AM Best: A++
- Why this company made our list: Geico’s long history as a trusted, household-name auto insurer is reflected in its high Bankrate Score and is one of the reasons we included it as a top company. Coverage is available for virtually every type of driver, making its car insurance coverage accessible even for consumers with blemished driving histories.
- Why Geico is best for driving incidents: Geico is one of the few top auto insurance companies that will write policies for drivers even after high-risk incidents, such as DUI convictions. While high-risk policies are generally more expensive, a high-risk driver may also have a harder time finding coverage, especially from major car insurance companies. Geico is an easily-accessible option for most people.
Perks
- Typically available to high-risk drivers
- Highly rated digital app and mobile tools
- An array of discounts
Drawbacks
- Customer service scores vary by region
- Fewer coverage options
- Fewer in-person local agents compared to other car insurance companies
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Geico | $1,297 | $365 | Read full Geico Insurance review |
| Travelers | $1,447 | $477 | Read full Travelers Insurance review |
| Safe Auto | $2,457 | $670 | Read full Safe Auto Insurance review |
View rate
State Farm
Best car insurance company overall
4.7 Bankrate Score
J.D. Power: 892/1,000
AM Best: A++
AVERAGE ANNUAL PREMIUM
$1,397 for full coverage
Get a personalize quote
- Why this company made our list: As the largest national auto insurer based on market share, State Farm’s reach and reputation highlight the carrier as one of the best auto insurance companies for drivers in most states. Its extensive local agent network showcases its customer-first approach to providing a variety of personal and commercial insurance products to consumers.
- Why State Farm is best overall for car insurance: State Farm company boasts over 19,000 licensed insurance professionals, available in communities across the U.S., who can offer guidance to those who value expert insight when discussing their policy. Digital management options allow for an on-the-go approach, including a highly-rated mobile app where you can file auto claims and contact your agent.
Perks
- Large network of local agents
- Excellent financial strength
Drawbacks
- May not be available to high-risk drivers
- Higher-than-average compliant index score with the National Association of Insurance Commissioners (NAIC)
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| State Farm | $1,397 | $456 | Read full State Farm Insurance review |
| Allstate | $2,438 | $558 | Read full Allstate Insurance review |
| Geico | $1,297 | $365 | Read full Geico Insurance review |
Best car insurance company overall
4.7 Bankrate score
J.D. Power: 892/1,000
AM Best: A++
- Why this company made our list: As the largest national auto insurer based on market share, State Farm’s reach and reputation highlight the carrier as one of the best auto insurance companies for drivers in most states. Its extensive local agent network showcases its customer-first approach to providing a variety of personal and commercial insurance products to consumers.
- Why State Farm is best overall for car insurance: State Farm company boasts over 19,000 licensed insurance professionals, available in communities across the U.S., who can offer guidance to those who value expert insight when discussing their policy. Digital management options allow for an on-the-go approach, including a highly-rated mobile app where you can file auto claims and contact your agent.
Perks
- Large network of local agents
- Excellent financial strength
Drawbacks
- May not be available to high-risk drivers
- Higher-than-average compliant index score with the National Association of Insurance Commissioners (NAIC)
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| State Farm | $1,397 | $456 | Read full State Farm Insurance review |
| Allstate | $2,438 | $558 | Read full Allstate Insurance review |
| Geico | $1,297 | $365 | Read full Geico Insurance review |
View rate
Travelers
Best car insurance company for personalized coverage
4.7 Bankrate Score
J.D. Power: 871/1,000
AM Best: A++
AVERAGE ANNUAL PREMIUM
$1,447 for broad coverage
Get a personalize quote
- Why this company made our list: Travelers is a trusted insurer with over 150 years in the auto insurance industry. Its strong independent agent network, numerous endorsement options, robust savings opportunities and proven financial track record make it a worthwhile option for drivers nationwide.
- Why Travelers is best for personalized coverage: Travelers’ average full coverage car insurance rates come in a bit higher than the national average, but that could be because the carrier offers so many ways to customize your coverage to your specific needs. Options like new car replacement, accident forgiveness, rideshare coverage and gap coverage will add more premium to your policy but will also give you financial protection for a broader range of incidents. Travelers’ claims satisfaction is not as highly ranked by customers compared to other companies Bankrate analyzed, which may be worth considering before you purchase a policy.
Perks
- Independent agents available
- Competitive discounts
- Numerous policy options
Drawbacks
- Lower than average claims satisfaction score
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Travelers | $1,447 | $477 | Read full Travelers Insurance review |
| Farmers | $1,524 | $550 | Read full Farmers Insurance review |
| Nationwide | $1,383 | $549 | Read full Nationwide Insurance review |
Best car insurance company for personalized coverage
4.7 Bankrate grudge
J.D. Power: 871/1,000
AM Best: A++
- Why this company made our list: Travelers is a trusted insurer with over 150 years in the auto insurance industry. Its strong independent agent network, numerous endorsement options, robust savings opportunities and proven financial track record make it a worthwhile option for drivers nationwide.
- Why Travelers is best for personalized coverage: Travelers’ average full coverage car insurance rates come in a bit higher than the national average, but that could be because the carrier offers so many ways to customize your coverage to your specific needs. Options like new car replacement, accident forgiveness, rideshare coverage and gap coverage will add more premium to your policy but will also give you financial protection for a broader range of incidents. Travelers’ claims satisfaction is not as highly ranked by customers compared to other companies Bankrate analyzed, which may be worth considering before you purchase a policy.
Perks
- Independent agents available
- Competitive discounts
- Numerous policy options
Drawbacks
- Lower than average claims satisfaction score
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Travelers | $1,447 | $477 | Read full Travelers Insurance review |
| Farmers | $1,524 | $550 | Read full Farmers Insurance review |
| Nationwide | $1,383 | $549 | Read full Nationwide Insurance review |
View rate
Erie
Best car insurance company for robust coverage
4.6 Bankrate Score
J.D. Power: 901/1,000
AM Best: A+
AVERAGE ANNUAL PREMIUM
$1,321 for full coverage
Get a individualized quote
- Why this company made our list: We included Erie on our list of the best auto insurance companies because this regional insurer is generous with optional coverage types in its policies and scores competitively across all third-party agencies reviewed in our research. Erie also offers discount advantages and competitive rates for young drivers who normally see the highest rates of all driver age groups. Erie’s high Bankrate Score contributes to its position on our list of best auto insurance companies for 2022, although coverage is not available nationally.
- Why Erie is best for robust coverage: Erie automatically includes several coverage types and features in its full coverage policies that many competitors only offer as optional add-ons. Drivers can benefit from included rideshare insurance, accident forgiveness and Erie’s Rate Lock feature, which could help keep your premiums consistent over time. While only available in 12 states, the company provides robust coverage and a strong claims experience for drivers in its service areas.
Perks
- Rate Lock feature could help keep premiums steady
- Highly-rated customer service
Drawbacks
- Coverage only available in 12 states
- Below-average ranking for customer experience with digital insurance shopping
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Erie | $1,321 | $476 | Read full Erie Insurance review |
| Auto-Owners | $1,305 | $325 | Read full Auto-Owners Insurance review |
| Cincinnati | $1,590 | $470 | Read full Cincinnati Insurance review |
Best car insurance company for robust coverage
4.6 Bankrate score
J.D. Power: 901/1,000
AM Best: A+
- Why this company made our list: We included Erie on our list of the best auto insurance companies because this regional insurer is generous with optional coverage types in its policies and scores competitively across all third-party agencies reviewed in our research. Erie also offers discount advantages and competitive rates for young drivers who normally see the highest rates of all driver age groups. Erie’s high Bankrate Score contributes to its position on our list of best auto insurance companies for 2022, although coverage is not available nationally.
- Why Erie is best for robust coverage: Erie automatically includes several coverage types and features in its full coverage policies that many competitors only offer as optional add-ons. Drivers can benefit from included rideshare insurance, accident forgiveness and Erie’s Rate Lock feature, which could help keep your premiums consistent over time. While only available in 12 states, the company provides robust coverage and a strong claims experience for drivers in its service areas.
Perks
- Rate Lock feature could help keep premiums steady
- Highly-rated customer service
Drawbacks
- Coverage only available in 12 states
- Below-average ranking for customer experience with digital insurance shopping
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Erie | $1,321 | $476 | Read full Erie Insurance review |
| Auto-Owners | $1,305 | $325 | Read full Auto-Owners Insurance review |
| Cincinnati | $1,590 | $470 | Read full Cincinnati Insurance review |
View rate
Auto-Owners
Best car insurance company for discounts
4.5 Bankrate Score
J.D. Power: 878/1,000
AM Best: A++
AVERAGE ANNUAL PREMIUM
$1,305 for full coverage
Get a personalize quotation
- Why this company made our list: Auto-Owners is another carrier with a strong reputation for providing excellent auto coverage and earned the second-highest J.D. Power claims satisfaction rates of any company on our list of best auto insurance companies. Its wide range of coverage and discount options are available to drivers in 26 states.
- Why Auto-Owners is best for discounts: Auto-Owners offers an impressive menu of 12 discounts, which many drivers are likely eligible to receive. Drivers could save by getting a quote ahead of their current policy’s expiration, or by opting for paperless billing and payment options. The company provides three types of student discounts, making it a great option for parents of teens or young drivers who have their own policy to consider.
Perks
- High claims satisfaction among customers
- Low average premium
- Wide range of coverage options
Drawbacks
- Only available in 26 states
- No online quoting
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Auto-Owners | $1,305 | $325 | Read full Auto-Owners Insurance review |
| Nationwide | $1,383 | $549 | Read full Nationwide Insurance review |
| Secura | $1,009 | $256 | Read full Secura Insurance review |
Best car insurance company for discounts
4.5 Bankrate sexual conquest
J.D. Power: 878/1,000
AM Best: A++
- Why this company made our list: Auto-Owners is another carrier with a strong reputation for providing excellent auto coverage and earned the second-highest J.D. Power claims satisfaction rates of any company on our list of best auto insurance companies. Its wide range of coverage and discount options are available to drivers in 26 states.
- Why Auto-Owners is best for discounts: Auto-Owners offers an impressive menu of 12 discounts, which many drivers are likely eligible to receive. Drivers could save by getting a quote ahead of their current policy’s expiration, or by opting for paperless billing and payment options. The company provides three types of student discounts, making it a great option for parents of teens or young drivers who have their own policy to consider.
Perks
- High claims satisfaction among customers
- Low average premium
- Wide range of coverage options
Drawbacks
- Only available in 26 states
- No online quoting
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Auto-Owners | $1,305 | $325 | Read full Auto-Owners Insurance review |
| Nationwide | $1,383 | $549 | Read full Nationwide Insurance review |
| Secura | $1,009 | $256 | Read full Secura Insurance review |
View rate
Amica
Best car insurance company for claims satisfaction
4.4 Bankrate Score
J.D. Power: 895/1,000
AM Best: A+
AVERAGE ANNUAL PREMIUM
$1,495 for fully coverage
Get a personalized quote
- Why this company made our list: Amica’s standout claims service and customer-centric business model make it a standout choice, based on Bankrate’s analysis, for drivers seeking the best auto insurance company.
- Why Amica is best for claims satisfaction: Amica ranks as the second-highest scoring carrier for claims satisfaction out of the top auto insurers surveyed by J.D. Power, earning 32 points above the industry average. The company’s online claim center allows customers to easily report a claim, upload supporting documents and track the claim’s process with a few simple clicks. Its customer representatives are available to support policyholders 24/7.
Perks
- Highly-rated customer service
- Unique optional dividend policies are available
- Low average rates
Drawbacks
- No ridesharing coverage option is available
- Not available in Hawaii
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Amica | $1,495 | $444 | Read full Amica Insurance review |
| Chubb | $2,328 | $662 | Read full Chubb Insurance review |
| PURE Insurance | $4,247 | $838 | Read full PURE Insurance review |
Best car insurance company for claims satisfaction
4.4 Bankrate score
J.D. Power: 895/1,000
AM Best: A+
- Why this company made our list: Amica’s standout claims service and customer-centric business model make it a standout choice, based on Bankrate’s analysis, for drivers seeking the best auto insurance company.
- Why Amica is best for claims satisfaction: Amica ranks as the second-highest scoring carrier for claims satisfaction out of the top auto insurers surveyed by J.D. Power, earning 32 points above the industry average. The company’s online claim center allows customers to easily report a claim, upload supporting documents and track the claim’s process with a few simple clicks. Its customer representatives are available to support policyholders 24/7.
Perks
- Highly-rated customer service
- Unique optional dividend policies are available
- Low average rates
Drawbacks
- No ridesharing coverage option is available
- Not available in Hawaii
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Amica | $1,495 | $444 | Read full Amica Insurance review |
| Chubb | $2,328 | $662 | Read full Chubb Insurance review |
| PURE Insurance | $4,247 | $838 | Read full PURE Insurance review |
View rate
Nationwide
Best car insurance company for coverage on a budget
4.4 Bankrate Score
J.D. Power: 876/1,000
AM Best: A+
AVERAGE ANNUAL PREMIUM
$1,383 for full coverage
Get a personalize quotation mark
- Why this company made our list: Nationwide’s options to tailor coverage based on personal needs in addition to its low average premium solidify it as a top auto insurance company for 2022, based on Bankrate’s research. With near-nationwide availability and a website full of useful insurance information, customers are likely to find the answers they need to customize a Nationwide policy to their exact needs.
- Why Nationwide is best for coverage on a budget: Nationwide’s average annual premium is the second-lowest on our list, only below USAA. However, Nationwide doesn’t restrict coverage to military-affiliated policyholders, so it could be an option for cheap rates if you don’t qualify for USAA. Additionally, the carrier’s SmartRide and SmartMiles telematics programs can help you either earn a discount based on your safe driving habits or provide a flexible premium based on your vehicle usage, respectively. Optional coverage is not as plentiful as some other auto insurers on our list, but personalized options offer valuable control over your financial protection.
Perks
- Two usage-based driving programs could offer highly personalized rates
- Available in most states
Drawbacks
- Customer service scores vary by region
- Few add-ons available
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Nationwide | $1,383 | $549 | Read full Nationwide Insurance review |
| Allstate | $2,438 | $558 | Read full Allstate Insurance review |
| Travelers | $1,447 | $477 | Read full Travelers Insurance review |
Best car insurance company for coverage on a budget
4.4 Bankrate score
J.D. Power: 876/1,000
AM Best: A+
- Why this company made our list: Nationwide’s options to tailor coverage based on personal needs in addition to its low average premium solidify it as a top auto insurance company for 2022, based on Bankrate’s research. With near-nationwide availability and a website full of useful insurance information, customers are likely to find the answers they need to customize a Nationwide policy to their exact needs.
- Why this company made our list: Nationwide’s options to tailor coverage based on personal needs in addition to its low average premium solidify it as a top auto insurance company for 2022, based on Bankrate’s research. With near-nationwide availability and a website full of useful insurance information, customers are likely to find the answers they need to customize a Nationwide policy to their exact needs.
- Why Nationwide is best for coverage on a budget: Nationwide’s average annual premium is the second-lowest on our list, only below USAA. However, Nationwide doesn’t restrict coverage to military-affiliated policyholders, so it could be an option for cheap rates if you don’t qualify for USAA. Additionally, the carrier’s SmartRide and SmartMiles telematics programs can help you either earn a discount based on your safe driving habits or provide a flexible premium based on your vehicle usage, respectively. Optional coverage is not as plentiful as some other auto insurers on our list, but personalized options offer valuable control over your financial protection.
Perks
- Two usage-based driving programs could offer highly personalized rates
- Available in most states
Drawbacks
- Customer service scores vary by region
- Few add-ons available
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Nationwide | $1,383 | $549 | Read full Nationwide Insurance review |
| Allstate | $2,438 | $558 | Read full Allstate Insurance review |
| Travelers | $1,447 | $477 | Read full Travelers Insurance review |
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Progressive
Best car insurance company for digital policy management
4.4 Bankrate Score
J.D. Power: 862/1,000
AM Best: A+
AVERAGE ANNUAL PREMIUM
$1,561 for entire coverage
Get a personalize quote
- Why this company made our list: Progressive’s handy rate tools and positive customer satisfaction help secure it as one of our best car insurance selections. Consumers can find options to save based on their own budget and driving habits with a Progressive policy anywhere in the U.S., backed by a financially strong company that earns high ratings from third-party agencies.
- Why Progressive is best for digital policy management: Progressive provides several ways for drivers to save time and money by managing their policy online, such as its Snapshot app, which is a telematics program that monitors driving and offers discounts for safe driving. Even when first deciding what is the right policy for you, you can use its online Name Your Price tool to personalize your buying experience and review coverage options based on your budget. The Progressive mobile app offers instant access to review coverage, ID cards, bill payment and claims submissions.
Perks
- Strong digital tools
- Unique points-based rewards program
- Two usage-based driving programs could help customize rates
Drawbacks
- Higher-than-average rates
- Customer satisfaction scores vary by region
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Progressive | $1,561 | $542 | Read full Progressive Insurance review |
| Geico | $1,297 | $365 | Read full Geico Insurance review |
| The General | $1,944 | $1,033 | Read full The General Insurance review |
Best car insurance company for digital policy management
4.4 Bankrate grudge
J.D. Power: 862/1,000
AM Best: A+
- Why this company made our list: Progressive’s handy rate tools and positive customer satisfaction help secure it as one of our best car insurance selections. Consumers can find options to save based on their own budget and driving habits with a Progressive policy anywhere in the U.S., backed by a financially strong company that earns high ratings from third-party agencies.
- Why Progressive is best for digital policy management: Progressive provides several ways for drivers to save time and money by managing their policy online, such as its Snapshot app, which is a telematics program that monitors driving and offers discounts for safe driving. Even when first deciding what is the right policy for you, you can use its online Name Your Price tool to personalize your buying experience and review coverage options based on your budget. The Progressive mobile app offers instant access to review coverage, ID cards, bill payment and claims submissions.
Perks
- Strong digital tools
- Unique points-based rewards program
- Two usage-based driving programs could help customize rates
Drawbacks
- Higher-than-average rates
- Customer satisfaction scores vary by region
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Progressive | $1,561 | $542 | Read full Progressive Insurance review |
| Geico | $1,297 | $365 | Read full Geico Insurance review |
| The General | $1,944 | $1,033 | Read full The General Insurance review |
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Allstate
Best car insurance company for high-value cars
4.0 Bankrate Score
J.D. Power: 870/1,000
AM Best: A+
AVERAGE ANNUAL PREMIUM
$2,438 for broad coverage
Get a personalize quote
- Why this company made our list:As the fourth-largest insurer based on market share, Allstate has a long list of valuable coverage options that make it a standout option for many drivers, but especially for those with unique vehicles. Allstate’s rewards program adds additional benefits, allowing drivers to earn points toward hotels, gift cards and other great perks.
- Why Allstate is best for high-value cars: Allstate is one of the few insurers that offer coverage for custom equipment. The company’s full coverage policies have a higher average cost compared to other carriers on Bankrate’s list, but drivers who have invested money into modifying their vehicles with the best sound equipment likely need more extensive coverage, which Allstate provides. Classic and antique car collectors can opt for Allstate’s classic car insurance so the vehicle’s higher intrinsic value is accounted for in case of costly damage.
Perks
- Classic or custom car coverage
- Unique points-based rewards program
- Two usage-based driving programs could help customize rates
Drawbacks
- Higher-than-average rates
- Customer satisfaction scores vary by region
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Allstate | $2,438 | $558 | Read full Allstate Insurance review |
| State Farm | $1,397 | $456 | Read full State Farm Insurance review |
| Geico | $1,297 | $365 | Read full Geico Insurance review |
Best car insurance company for high-value cars
4.0 Bankrate score
J.D. Power: 870/1,000
AM Best: A+
- Why this company made our list:As the fourth-largest insurer based on market share, Allstate has a long list of valuable coverage options that make it a standout option for many drivers, but especially for those with unique vehicles. Allstate’s rewards program adds additional benefits, allowing drivers to earn points toward hotels, gift cards and other great perks.
- Why Allstate is best for high-value cars: Allstate is one of the few insurers that offer coverage for custom equipment. The company’s full coverage policies have a higher average cost compared to other carriers on Bankrate’s list, but drivers who have invested money into modifying their vehicles with the best sound equipment likely need more extensive coverage, which Allstate provides. Classic and antique car collectors can opt for Allstate’s classic car insurance so the vehicle’s higher intrinsic value is accounted for in case of costly damage.
Perks
- Classic or custom car coverage
- Unique points-based rewards program
- Two usage-based driving programs could help customize rates
Drawbacks
- Higher-than-average rates
- Customer satisfaction scores vary by region
| Car insurance company | Average annual full coverage premium | Average annual minimum coverage premium | Learn more |
|---|---|---|---|
| Allstate | $2,438 | $558 | Read full Allstate Insurance review |
| State Farm | $1,397 | $456 | Read full State Farm Insurance review |
| Geico | $1,297 | $365 | Read full Geico Insurance review |
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How much does car insurance usually cost?
When answering the common question “ how much is cable car policy, ” it ’ s important to know that rates are highly dependent on the personal rating factors and vehicle information drivers provide when submitting for a quotation. nationally, full coverage policies average $ 1,771 per year. “ Full coverage ” refers to a policy that includes liability, collision coverage and comprehensive examination coverage. Minimum coverage, which refers to a state ’ mho minimum requirements, costs an average of $ 545 per class. In addition to the coverage types and levels you choose, other factors will significantly influence your final indemnity monetary value. Insurers basal car indemnity rates on a perceived level of risk, which means that the following factors ( and more ) can impact your premium :
- Driving record: If you have a history of accidents, tickets or DUI convictions, you’ll likely pay more for coverage.
- Age and driving experience: Younger drivers tend to have less experience on the road, which means accidents are more likely and rates are usually higher than average. Hawaii and Massachusetts ban the use of age as a rating factor.
- State and city: Different states have different insurance laws, different accident statistics and different costs of living. Even your city and ZIP code (in most states) can influence how much you pay.
- Coverage types and levels: Choosing fewer coverage types and lower limits will generally mean a lower premium, but it also means less financial protection and higher out-of-pocket costs if you have an accident.
- Vehicle make and model: Each make and model of vehicle has unique features which impact the likelihood of accidents, the severity of accidents and the cost to repair the vehicle itself. Because of this, each vehicle will cost a different amount to insure.
- Credit-based insurance score: In most states, your credit tier is used to determine how likely you are to file a claim. Drivers with lower credit scores generally pay higher premiums.
- Insurance lapse history: Because most states require drivers to have at least minimum levels of coverage, lapses in insurance can result in higher premiums when you take out a policy again.
How much is car insurance with driving incidents?
The table below shows the average rate for drivers with several different scenarios. Compared to the national average pace, you can see that different factors affect premiums differently .
| Drivers with… | Average annual full coverage premium | A lapse in coverage | $1,949 |
|---|---|
| One speeding ticket | $2,138 |
| One at-fault accident | $2,521 |
| One DUI conviction | $3,421 |
| Poor credit | $3,002 |
Why location matters when choosing car insurance
car insurance rates are based on respective factors, and your city, state and ZIP code are among the most impactful. If you recently moved, it may be a good idea to compare companies to ensure that your car policy provider is still the best fit for your needs. This is particularly true if you have moved across department of state lines, as car policy is not standardized across the country. Adding a comprehensive review of your car insurance coverage as part of your moving checklist is a good way to remember this significant footfall. To view Bankrate ’ second picks for the best cable car insurance in your state, select it from the table below. 
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What you need to know about car insurance
What is car insurance and how does it work?
car indemnity is a form of fiscal protection that covers a variety of fomite incidents that could affect you, your vehicle, or others and their vehicle.While most states require a specific minimal amount or type of coverage to be purchased, industry experts typically recommend having more robust fiscal security to protect your finances in the event of a costly loss. Auto policies will cover certain incidents of injury, damage or liability. Coverage limits can be set to satisfy your preferable horizontal surface of fiscal protection, though not all coverage types will apply in all states or for all policies. In addition, deductibles are specific to sealed coverage types. Because a higher deductible means you are will to pay more if you file a claim, selecting a higher deductible can lower your premium monetary value. More than a twelve evaluation variables alone to each driver go into determining how much you pay for car policy. As each carrier uses unlike fink factors and weights when underwriting policies, comparing quotes from multiple insurers is often substantive in finding the most low-cost rate. While your exact level of coverage will depend on the policy you choose, filing a claim could potentially offer you a payout for loss caused by an uninsured motorist, weather event, occurrence of larceny or vandalism, or a battalion of other damaging events. similarly, if you are involved in an accident with another driver and they are at fault, their car indemnity could help cover your aesculapian expenses and property damage ( depending upon the express ) .
What are the different types of car insurance coverage?
Most car insurance companies offer alike types of coverage, although variations do exist, particularly with endorsements, or “ add-ons. ” Some companies might offer opening coverage as an choice, for exemplar, while another caller doesn ’ thymine. Below are the types of car indemnity coverage that most companies offer : Almost always required by law
In most states, drivers are legally required to carry at least sealed minimum limits of these coverage types :
- Bodily injury liability coverage pays for the injuries that you cause to others in an at-fault accident.
- Property damage liability coverage pays for the damage you cause to another’s vehicle or other property (like a fence, pole or building) in an at-fault accident.
Sometimes required by law
- Uninsured and underinsured motorist coverage pay for injury and damage caused by a driver who either lacks sufficient coverage or lacks any coverage at all. The Insurance Research Council’s latest study indicated one in eight U.S. drivers was uninsured in 2019.
- Personal injury protection (PIP), also known as no-fault insurance and offered only in certain states, pays for medical expenses you and your passengers incur following an accident, regardless of fault. It also accounts for non-medical expenses incurred as a result of an accident, such as lost wages or the cost of childcare. PIP is typically required in no-fault states.
- Medical payments coverage is similar to PIP insurance coverage but includes only payments for medical expenses. It is required in some states and optional in others.
Required if you have a loan or lease
If you finance or lease your car, your fiscal institution will probably require that you have a “ full coverage ” policy, which includes the postdate coverage types and adds coverage for damage to your vehicle :
- Collision coverage pays for damages to your vehicle caused by a collision. If you collide with another car, a tree, a pole, a building or a pedestrian, your collision coverage is the part of the policy that will pay for the damage to your vehicle.
- Comprehensive coverage pays for damage to your car caused by non-collision losses like theft, vandalism and storm damage. Comprehensive also pays for damages caused by hitting an animal and cracked windshields. According to the Triple-I, approximately 80% of drivers carry this optional coverage.
however, there are more types of car indemnity coverage available to you that may be worth discussing with your insurance company. additionally, each state has its own cable car insurance laws and each driver has a alone site. Talking with a accredited agent can help you determine the best coverage types and limits for your needs .
What are the different types of car insurance discounts?
finally, most major car insurers offer the follow car insurance discounts that might help you lower your premium :
- Multi-policy, sometimes called multi-line or bundling, could earn you a discount on each policy you insure with the same company. This discount is common for insuring both a home and auto policy but is also sometimes offered for having other policies as well, like renters insurance, pet insurance or life insurance..
- Multi-car discount could save you money if you insure more than one vehicle on the same policy.
- Claims-free is commonly offered if you do not have any losses on your driving record for three to five years.
- Good student discount is usually available for full-time students under the age of 25 who have a certain grade point average or letter-grade average.
- Telematics programs are becoming more common with many car insurance companies. These usage-based insurance programs track your driving patterns with a mobile app or plug-in device. The safer you drive, the more you might save.
Keep in mind that insurance regulations vary by state. This means that some coverage types and discounts may not be available where you live .
Frequently asked questions
-
- Yes, car insurance is required. Drivers must carry at least the want minimum measure of car indemnity in all states except New Hampshire and Virginia. Each state sets its own cable car policy laws, which means minimal limits vary by state. however, it ’ south worth noting that while minimum limits are all you need to drive legally, you will need to add comprehensive and collision coverage if you have a loanword or lease on your vehicle. additionally, most policy agents recommend that you purchase higher indebtedness limits for more fiscal protection. State minimal limits tend to be quite gloomy and give you very little coverage .
- generally, the more accidents you have on your record, the higher your agio will be.Car insurance companies often use a comprehensive Loss Underwriting Exchange ( C.L.U.E. ) report and motor vehicle reputation ( MVR ) to help determine rates. These reports include information regarding your anterior accidents, traffic violations, license condition, claims history and other pertinent details of your driving history. however, many carriers offer accident forgiveness as an endorsement. If you are involved in an accident, your car insurance company may “ forgive ” your incident alternatively of increasing your rates. Accident forgiveness doesn ’ thymine transportation to other carriers, so that accident will probable affect your rates if you switch companies .
- According to our research, Auto-Owners, USAA and Geico are among the cheapest car indemnity companies in 2022. however, rates vary based on a number of underlying rate metrics, so the cheapest company for you may not be included on this tilt. One of the best ways to find the lowest bounty is to shop around and compare quotes.
- Having the best car insurance coverage can be an authoritative component of establishing fiscal peace of mind for you and your family. While state requirements vary, it is about constantly a safe bet to have an appropriate grade of coverage to protect your money and assets. John Colletti, adjunct clientele professor at north Central College, recommends beginning the job of learning the significant function car indemnity plays in providing fiscal auspices arsenic early as you can drive. “ As families discuss a child ’ s registration to driver education class, include a speak explaining monetary considerations and important terms to improve fiscal literacy, ” Collettti says. He explains that doing indeed can help unseasoned drivers grasp the concept of fomite ownership and other important topics that impact your fiscal health .
- The flat of car policy coverage you choose to purchase is highly personal and based on respective factors. Your overall fiscal health, your horizontal surface of gamble tolerance, the types and amounts of the assets you need to protect, and your driving metrics like your accident history and the type of car you drive can all impact your decisiveness. One of the best ways to know how much coverage is right for you is to work with a accredited indemnity agentive role as you are getting quotes .
