There are thousands of car insurance companies, but only a few major players dominate the market. Bankrate's Insurance Editorial Team looked at all the available coverage options and discounts. It also assessed customer service scores and financial strength ratings. Each company was then given a Bankrate score. This score represents the company's performance in each of its scoring categories.
Geico
Geico is the best choice for those looking for low-cost car insurance. They offer very low rates and don't use insurance agents. Additionally, they offer a telematics program called DriveEasy, which analyzes your driving habits. If you drive safely and reduce your mileage, Geico will lower your rates.
Geico offers many discounts including multi-policy or multi-vehicle discounts. There are 25% savings on multiple-vehicle policies. Geico allows you to combine auto- and home insurance policies to get a larger discount.
State Farm
State Farm car insurance co is a group of mutual insurance companies that have offices all across the United States. Its corporate headquarters is located in Bloomington, Illinois. The group employs over 5,000 people. It provides insurance for car owners, families, and small businesses. The group offers a variety of coverage options to suit every budget.
State Farm car insurance rates vary depending on where you live, what age you are, and what type of coverage you need. However, there are many discounts available that drivers should consider. For instance, drivers who have been accident-free for at least five years qualify for decent discounts, while drivers who have been accident-free for a year can get moderate savings by taking a defensive driving course. Drivers can also take advantage of State Farm's Steer Clear program, which includes a course and driving practice. This program is available across the United States, except Rhode Island and California.
Progressive
Progressive has been in existence for over 75 year. It is the third-largest auto insurance provider in the country, and it is also the number one commercial car insurer. Jack Green and Joseph M. Lewis established the company in 1937. They have their headquarters in Mayfield Village. It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company also offers a variety of discounts and savings. Progressive offers the option to select the best monthly payment for customers. It will then recommend coverage that is appropriate for their budget. Snapshot, a Telematics program, also monitors driving habits and adjusts insurance rates accordingly. The average annual insurance cost reduction for this technology is $146. However, drivers should be aware that this technology can also increase their premiums if they are involved in a high-risk accident.
USAA
USAA auto insurance gives you the security and peace of mind that your vehicle is safe from theft and damage. The auto insurance company also offers roadside assistance and tire changing services. You can also get rental car reimbursement depending on your coverage. USAA says that the service will save consumers as much as 30% on auto insurance.
The application process is straightforward and can be done online, or over the phone. Although you may find it quicker to apply online, if you have any questions, contact the company and ask for assistance. The agent will ask you questions about your insurance needs and your car's information to make sure you're eligible.
Travelers
You can choose from a number of options depending on what you need. The company offers standard, premier, and new-car replacement insurance. There are also two accident forgiveness programs. The latter covers the difference of the actual cash value of the car and the remaining loan amount. It can cost more than bare-bones coverage.
Good drivers get discounts from Travelers. If you have more than one vehicle, you may be eligible for an 8% discount. Additionally, if you pay the bill on time, you may get a 3-10% discount. If you have not made any claims within the last five years, you may also be eligible for a discount.