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Insurance can be expensive, especially if you don’t know how to get the best price possible on your insurance policies. Don’t worry! We’ve compiled a list of the top 5 insurance companies based on customer service, price, and coverage options. You can find more information below.
Geico – Save on Car Insurance
Like every auto insurance company, Geico offers coverage for liability (in case you hurt someone or damage their property) and bodily injury (if you’re in an accident). But if you want additional protection, it offers several other coverage options.
Good drivers have an average annual rate of $1,148 with a generally low complaint level among their customers. People love Geico because they offer great rates for seniors or young drivers and offer accident forgiveness and usage-based insurance programs for those who don’t drive as much as others.
Nationwide is one of the most popular insurance companies, and it’s obvious why. Their customers are very happy with their competitive rates, extensive add-on coverages, and usage programs. Their complaint level is very low.
Their pricing varies depending on age, gender, driving record, credit history, type of vehicle driven, and if they live in a city or rural area. Prices also vary depending on whether you have other policies with them, like life insurance or home/renters insurance. The average annual rate for good drivers is $1,327. One pro of Nationwide is their accident forgiveness that can be added to their policies.
Allstate – Save on Car Insurance
You get great coverage for comprehensive and collision damage as an Allstate customer. Plus, if you have comprehensive insurance but do not have collision coverage, Allstate will cover vandalism or theft related to someone breaking into your car and smashing in all of your windows.
If you’re someone that plans, they offer a discount of around 10% if you purchase your plan at least ten days in advance.
Good drivers with Allstate pay an average of $2,047 per year, which is higher than some of the competition, but their perks are enough to still consider them. Some pros include usage-based programs, gap insurance, new car replacement coverage, disappearing deductibles, and many other add-on coverages.
USAA is a popular provider for military members, veterans, or military family members. If you qualify, you’ll be thrilled with what is available at a great rate. Average good drivers pay an annual rate of $1,000, which is one of the cheapest. Unlike other providers, they still offer low competitive rates if you’ve had an accident, ticket, or DUI.
The biggest issue people have with USAA is they don’t qualify. As mentioned, it’s only for military, veterans, and military family members. Another complaint is about their lack of gap insurance. Despite the low rates, people love it because of its accident forgiveness, rideshare coverage, and usage-based insurance programs.
State Farm, a direct insurer, has built a reputation as one of America’s largest auto insurers. State Farm provides car insurance for millions of drivers across the United States to save. With great customer service and competitive rates, it’s easy to see why it’s a popular choice. Average good drivers pay an annual rate of $1,267. Their rates are some of the best in the industry, even if you’re a young driver, had an accident, DUI, or are a senior.
Their usage-based programs have been growing in popularity, but they still lack a few other insurance options people find valuable. This includes a lack of gap insurance and accident forgiveness. It may be wise to consider these factors before committing to this company.
How to save more on Car Insurance?
A lot of insurance companies offer several ways to save on your rates. One of the best ways to save is by bundling your auto insurance with your other needs like home or renters insurance. The more you bundle, the better the discount.
Another way to save is through an affinity program that can provide an exclusive membership for car owners and their families. The savings vary but can be substantial depending on your state and how much coverage you need.
You may also qualify for discounts if you’ve had no accidents, traffic violations, speeding tickets, or DUIs in three years and if you have taken a defensive driving course within 12 months of applying for car insurance. Or, if you’re just looking to save on car insurance, consider the level of protection. If you want liability protection, shop around for prices because premiums will range from company to company. Sometimes you can save money by adjusting your deductible or coverage limits. Everyone is different in what they need in coverage and what they’re comfortable spending on premiums.
What’ll hurt your insurance rates?
Like most drivers, two things will hurt your insurance rates: tickets and accidents. If you have either, you’ll almost always pay more for car insurance than people who haven’t had any tickets or accidents in years. The solution is easy: don’t get any tickets and don’t get into any accidents. It may seem obvious, but most of us need reminders sometimes.
Other factors we can’t control that’ll cost you more include your age and where you live. Young adults usually pay the highest premiums because they drive more miles and take more risks. Older folks usually pay the lowest premiums because they tend to be safer drivers. And living in a busy city with a high crime rate could also cost you extra money. But all these factors depend on how risky it is where you live and how many miles you drive each year.
Again, it’s in your best interest to avoid these things. That way, you’ll save on car insurance down the road. While thinking about saving money on car insurance, remember that avoiding tickets and accidents is as simple as remembering not to drive aggressively or recklessly. Sometimes it just comes down to taking care of yourself.