10 Best Car Insurance Companies of 2022
The best auto insurance companies are Geico, Progressive, and USAA, based on average premiums, customer reviews, and WalletHub Editor ratings. The best auto insurance companies provide affordable coverage, a variety of insurance types, and plenty of discounts.
best car insurance companies
- geico
- progressive
- united states
- surance
- travellers
- the hartford
- mercury
- aaah
- state farm
- mutual freedom
- average annual premium: $506
- wallehub editor rating: 4.5 out of 5
- best business office rating: a+
- average annual premium: $649
- wallehub editor rating: 4.3 out of 5
- best business office rating: a+
- average annual premium: $633
- wallehub editor rating: 3.3 out of 5
- best business office rating: b+
- average annual premium: $719
- wallehub editor rating: 3.3 out of 5
- best business office rating: a-
- average annual premium: $691
- wallehub editor rating: 3.8 out of 5
- best business office rating: a+
- average annual premium: $863
- wallehub editor rating: 3.1 out of 5
- best business office rating: a+
- average annual premium: $675
- wallehub editor rating: 2.8 out of 5
- best business office rating: a+
- average annual premium: $795
- wallehub editor rating: 3.2 out of 5
- best business office rating: a+
- average annual premium: $919
- wallehub editor rating: 3.4 out of 5
- best business office rating: a+
- average annual premium: $879
- wallehub editor rating: 3.3 out of 5
- best business office rating: a+
- $15,000 bodily injury liability coverage per person
- $30,000 bodily injury liability coverage per accident
- $5,000 in property damage liability coverage
10 best car insurance companies
The best auto insurance company is Geico because of its competitive premiums and wide variety of coverage options and discounts, including safe driver and vehicle safety discounts. In addition to auto insurance, Geico also sells a variety of other types of insurance, including boat, condo, and renters coverage.
progressive is one of the best auto insurance companies, due to its consistently low prices. Policyholders can also easily file a claim with the company, as it offers the option to file online or through the mobile app, as well as a 24/7 claims support phone line. Ways to save on progressive auto insurance include multi-policy, multi-car, and instant discounts.
usaa is an affordable auto insurance company, though it’s only available to military service members, veterans, and their families. In addition to the standard car insurance coverage types, USAA also offers classic car and rideshare insurance. Just be aware that USAA has lower customer service ratings than some of its competitors, given complaints about slow communication and unsatisfactory claims settlements.
esurance provides affordable insurance coverage for drivers who are comfortable buying a policy from a company with no local agents. Esurance auto policies are available in 43 states, including California, Florida and Texas. however, esurance’s low prices come with some downsides. For example, Esurance has about three times as many customer complaints as its average competitor.
Travellers is a good auto insurance company overall, given the variety of coverage options and discounts it offers. For example, policyholders can save to insure a hybrid vehicle, drive safely, and take a driver’s education class. In addition to auto insurance, Travelers also offers insurance policies for homeowners, renters, and landlords, among others.
The Hartford is best known for its discounted premiums for AARP members, though non-AARP members can also purchase policies from the company. Any policyholder can save by taking advantage of Hartford’s discounts, including paid-in-full and defensive driver discounts. In addition to auto insurance, Hartford also writes homeowners, boat and umbrella policies, among others.
mercury’s premiums are competitive, but the company’s policies are only available in 11 states, including california, florida and texas. mercury policy add-ons include rental reimbursement, mechanical protection and emergency roadside service. If you’re looking to bundle multiple policies, you can also purchase home, renters or condo coverage from Mercury.
aaa offers low prices and a variety of discounts, making it a good option for budget-conscious drivers. however, customers must be AAA members to purchase auto insurance from the company. AAA membership dues vary by regional club, but often range from $38 to $171 per year. In addition to standard car insurance offerings, some regional clubs offer gap insurance coverage, accident forgiveness, and rental reimbursement.
state farm is the largest auto insurance company in the country, making it a good option for drivers who want to be insured by a major company. State Farm also offers several different types of insurance, which means customers can save through multi-policy discounts. In addition, drivers with specific needs can purchase State Farm sports car or classic car insurance, as well as rideshare insurance in some states.
liberty mutual offers affordable auto insurance coverage for drivers in all states, plus optional policy add-ons like car rental reimbursement, commercial auto insurance, and classic auto insurance. Drivers can also save on their Liberty Mutual auto policy by taking advantage of multi-car, early-buyer, and good student discounts, among others. Other types of Liberty Mutual insurance include coverage for homeowners, businesses, and motorcycles.
comparison of the best car insurance companies
tips to get the best car insurance
1. shop around to find the best deal.
Insurance companies calculate premiums based on a variety of factors, such as age, ZIP code, and driving history. As a result, it’s a good idea to get quotes from at least three insurers to help you find the best auto insurance for your individual needs. then be sure to shop around the next time you need to renew your policy. this way, you can ensure you continue to get the best deal.
2. don’t ignore regional companies.
Major insurance companies like State Farm, Geico, and Progressive dominate the market, but don’t forget about smaller auto insurance companies near you. local and regional insurers may also offer competitive prices. Regional carriers can also be a good option for drivers who prefer to interact with an agent rather than manage their policy online. You can click on your state name below to find a list of trusted insurers in your state, including companies of all sizes.
3. remember to look for discounts.
Some auto insurance discounts are applied automatically when you get a quote, but don’t forget to look for more ways to save. For example, you may be able to save on your premium by taking a defensive driving class or enrolling in your insurer’s usage-based program.
4. consider factors other than price.
It’s important to find an affordable auto insurance policy, but price isn’t the only thing that matters. Before you buy a policy, you should also evaluate the company’s customer service record. For example, you can see how the company is ranked with the best business bureau or j.d. power, a market research company. User ratings on wallethub also reflect customer satisfaction, while wallethub editor ratings make it easy to see how a business stacks up against the competition.
Learn more about getting auto insurance.
learn more about the best auto insurance companies by state
video: best car insurance companies
methodology
The best auto insurance companies were determined using each company’s average annual premium, wallethub editor rating, and wallethub user rating. premiums were given twice the weight of the other two factors and used as a tiebreaker when necessary.
annual premiums represent an average of quotes for 30 california zip codes. quotes represent coverage for a 45-year-old single man who drives 15,000 miles a year and has a clean driving record in addition to good credit. premiums are for the following coverage limits:
ask the experts
To help drivers find the best auto insurance, wallethub posed the following questions to a panel of experts. click the links below to find their feedback and advice.
1. Which do you think is a better indicator of a good auto insurance company: low rates or good customer reviews? 2. Do you think 24/7 live customer service should be a requirement to be among the best auto insurance companies? 3. Is it fair to say that the 10 largest auto insurance companies are the best for most drivers? 4. What advice would you give to people who are trying to choose an auto insurance company? 5. How influential do you think TV commercials are when people choose their auto insurance provider?
