There are thousands of car insurance companies, but only a few major players dominate the market. To narrow down the field, the insurance editorial team at Bankrate looked at the companies' coverage options, discounts, customer service scores, and financial strength ratings. Each company was then assigned a Bankrate Score. This score is a number from 5.0 that represents how well the company performed in each category.
Geico
Geico is the top choice for car insurance policies that are low cost. They don't need to use an agent and offer low rates. DriveEasy is a telematics system that analyzes and tracks your driving habits. Geico will lower rates for drivers who drive safely and use less fuel.
Geico offers multiple discounts, including multipolicy and multi-vehicle discount. Multiple-vehicle policies can be discounted up to 25% Geico offers a combination of auto and home policies that can be combined to receive a larger discount.
State Farm
State Farm car insurance co is an umbrella group of mutual insurance companies with offices throughout the United States. Its corporate headquarters is located in Bloomington, Illinois. It has over 5,000 employees. They offer car insurance to individuals as well as families and businesses. The group offers a variety of coverage options to suit every budget.
State Farm's car insurance rates will vary depending on the driver's location, their age and what kind of coverage they are looking for. However, drivers should make use of the discounts offered by the company. 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. State Farm's Steer Clear Program, which includes a course as well as driving practice, is also available to drivers. This program is available across the United States, except Rhode Island and California.
Progressive
The Progressive car insurance company has been in business for over 75 years. 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 founded the company in 1937. It is located in Mayfield Village (Ohio). It provides insurance for many vehicle types, including cars, bikes, and trucks.
The company offers discounts and savings. Progressive allows customers to choose their monthly payment using a name your cost tool. It will then recommend coverage based on their budget. Snapshot is a telematics system that monitors the driving habits of individuals and adjusts insurance rates accordingly. It has been shown to decrease insurance costs by $146 on average per year. Drivers should also be aware of the fact that this technology may increase their premiums if there is a high-risk incident.
USAA
USAA insurance covers your car against theft and damage. The auto insurance company also provides roadside assistance and tire change services. It also offers a rental car reimbursement program based on your coverage level. USAA claims this service can help consumers save up to 30% when they purchase auto insurance.
The application is very simple and can either be submitted online or by telephone. 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 have many options for travel insurance. Standard insurance, Premier New-Car Replacement, and two Accident Forgiveness Plans are available. The latter covers any difference between the actual value of your car or the amount you owe on the loan. It can cost more than bare-bones coverage.
For good drivers, Travelers offers discounts. 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. If you have not made any claims within the last five years, you may also be eligible for a discount.