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. 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 best choice for those looking for low-cost car insurance. They have very low rates and do not use insurance agents. DriveEasy also offers a telematics service called DriveEasy that analyzes your driving habits. Geico will lower your rates if your driving habits are safe and you reduce your mileage.
Geico offers several discounts, including multi-policy and multi-vehicle discounts. You can save 25% on multiple-vehicle policies. You can also combine your auto and home policies with Geico for a bigger 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. It has over 5,000 employees. They offer car insurance to individuals as well as families and businesses. They offer a wide range of coverage options for 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. Drivers who have been without an accident for five years or less are eligible for modest discounts. Drivers who have been uninjured for one year can enjoy moderate savings by enrolling in a defensive driving course. State Farm's Steer Clear Program, which includes a course as well as driving practice, is also available to drivers. This program can be used in any state, except California and Rhode Island.
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. The company was founded in 1937 by Jack Green and Joseph M. Lewis, and it is headquartered in Mayfield Village, Ohio. The company offers insurance for all types vehicles, including cars and trucks.
There are many savings and discounts offered by the company. Progressive's website offers a name-your-price tool that allows customers to choose the monthly payment which suits them best. It will then suggest coverage based upon 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. This technology can increase drivers' premiums if they are in an accident with high-risk drivers.
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. It offers rental car coverage, which is dependent on your coverage. USAA claims this service can help consumers save up to 30% when they purchase auto insurance.
It is easy to apply online or by phone. While you might find it easier to submit the application online than the phone, the company can help you if necessary. To make sure that you are eligible for insurance, the agent will need to ask questions about you and your vehicle information.
Travelers
You have many options for travel insurance. Standard insurance, premier car replacement and two accident forgiveness plans are offered by the company. This covers the difference between your actual car value and your remaining loan amount. It is however more expensive than barebones insurance.
Good drivers get discounts from Travelers. For example, if your car fleet includes more than one vehicle you will receive an 8% discount. A three to ten-percent discount is available if you pay your bills on time. You can also receive a discount if you have no claims in the past five years.