Although there are many car insurance companies available, only a handful of major players are the most prominent. Bankrate's insurance editorial team looked at each company's coverage options, discounts and customer service scores. They also evaluated their financial strength ratings. The Bankrate editorial team then gave each company a score. This score is a number ranging from 5.0 to 5.0. It represents how well each scoring category performed.
Geico
Geico is the best choice for those looking for low-cost car insurance. They have very low rates and do not use insurance agents. Additionally, they offer a telematics program called DriveEasy, which analyzes your driving habits. Geico will lower your rates if your driving habits are safe and you reduce your mileage.
Geico offers many discounts including multi-policy or multi-vehicle discounts. Multi-vehicle policies are eligible for 25% off Geico allows you to combine auto- and home insurance policies to get a larger discount.
State Farm
State Farm is a mutual insurance company that has offices across the United States. The corporate headquarters of the company is in Bloomington, Illinois. The group employs over 5,000 people. It provides insurance for car owners, families, and small businesses. They offer many coverage options to fit every budget.
State Farm car insurance rates can vary widely depending upon the location, age, and type of coverage desired. However, there are many discounts available that drivers should consider. Drivers who have not been involved in an accident within the last five years are eligible for moderate discounts. Drivers who have been free from accidents for less than one year can take a defensive driving class to get modest savings. Drivers can also take advantage of State Farm's Steer Clear program, which includes a course and driving practice. This program is offered across the United States, except in California and Rhode Island.
Progressive
Progressive has been in existence for over 75 year. It is the nation's third largest insurance company and the most popular commercial auto insurer. The company was founded in 1937 by Jack Green and Joseph M. Lewis, and it is headquartered in Mayfield Village, Ohio. It provides insurance for many vehicle types, including cars, bikes, and trucks.
The company offers discounts and savings. With the name your price tool available on the Progressive website, customers can select the monthly payment that suits them best. It will then recommend coverage for them based on their budget. Snapshot, a telematics program, monitors drivers and adjusts insurance rates accordingly. It has been shown to decrease insurance costs by $146 on average per year. If drivers are involved in high-risk accidents, this technology could increase their premiums.
USAA
USAA Car Insurance gives you peace of heart knowing that your car will be protected from theft and damages. The auto insurance company also provides tire change and roadside assistance. It also offers a rental car reimbursement program based on your coverage level. USAA says this service saves consumers up to 30% on auto insurance.
It is easy to apply online or by phone. It may be faster to fill out the application online. But, if you're not sure, call the company for assistance. To ensure you are eligible, the agent may ask you questions about both your insurance needs as well as your car information.
Travelers
There are many options available for travelers car insurance depending on your needs. The company offers standard, premier, and new-car replacement insurance. There are also two accident forgiveness programs. This policy covers the difference in the car's actual cash value and the amount remaining on your loan. It is however more expensive than barebones insurance.
Travelers offers discounts to drivers who are good. For instance, if you have more than one car, you can receive an 8% discount. In addition, if you pay your bill on time, you can get a three to ten percent discount. A discount is also available if you haven't made any claims in the last five year.