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Nearly every state in the U.S. requires drivers to carry insurance, but car insurance quotes can vary widely from provider to provider. You can shop for car insurance from multiple companies at once to compare rates and see which one offers the coverage you need. Each company has a different formula to assess your risk level, so even if one provider quotes you a high price, you may find lower rates somewhere else. In this article, we at the Home Media reviews team will discuss how to shop for car insurance and find the most affordable coverage options from the best car insurance companies.
Auto insurance rates are based on your driver profile and vehicle. You can request free car insurance quotes from an insurer to see how much an auto insurance policy would cost before signing up for coverage. Most online quotes are instant unless you shop for car insurance with a smaller provider. You just need to provide basic information about yourself, your vehicle and anyone else who drives it. When you reach out for a quote, always give accurate information. An insurance agency can cancel your plan within 30 to 90 days (depending on the state) if you leave out something significant, like a teen driver living in your household. Car insurance quotes are usually good for 30 days, so you can continue to shop around and circle back if you don’t find a better plan.
The quote you receive may break down pricing for different types of auto insurance coverage so you can decide if you want a minimum coverage or full coverage policy. The standard types of car insurance coverage include:
Liability coverage | Bodily injury liability (BI) covers other drivers and their passengers in accidents that you cause. Property damage liability (PD) covers other vehicles in accidents where you are at fault. |
Collision insurance | This insurance covers your vehicle no matter who is at fault. |
Comprehensive insurance | Your vehicle is protected from environmental factors, such as floods, fires and fallen tree branches, as well as things like theft and vandalism. |
Personal injury protection (PIP) | This covers medical expenses, lost wages and death benefits for you and your passengers, no matter who is at fault in an accident. |
Medical payments (MedPay) | Medical expenses are paid for you and your passengers with this insurance coverage. |
Underinsured/uninsured motorist insurance | This insurance coverage protects you when you are in an accident with a driver who has no or too little insurance. |
Additionally, you may be able to select extra insurance options like roadside assistance or mechanical breakdown insurance depending on the provider.
Let’s break down the process of shopping for car insurance quotes into a few steps.
No matter which way you decide to get insurance quotes, you’ll have to provide a few pieces of information. Have the following ready before you start shopping:
The next step is to decide on the level of coverage you want. Unless you live in New Hampshire, your state requires a basic level of bodily injury and property damage liability insurance coverage. This pays for damage you cause to other drivers. Your state may also require some level of medical coverage or underinsured/uninsured motorist coverage.
Getting a policy that meets your state’s minimum liability limits is the cheapest option, but it may not provide high enough limits to cover serious accidents. It also doesn’t cover your car when you cause an accident or encounter environmental damage.
To get full coverage, you’ll want to add comprehensive and collision coverage. Like liability coverage, you can choose different limits for these types of insurance. Higher limits give you more protection but also cost more. Lenders usually require you to maintain full coverage on a vehicle with an auto loan.
Once you have your information ready and know what you’re looking for, you can start shopping for insurance quotes. You can use a quote comparison tool, get quotes online from companies, call companies on the phone, visit a branch in person or work through an insurance broker. Here are some details on each of these options:
When you’re happy with the coverage and pricing you’ve found, you can purchase that policy online, over the phone or in person. You can get same-day insurance after you make the first payment, or you can schedule it to start on a future date. Be sure to overlap your new car insurance policy with your current coverage by one day to avoid any lapse in coverage.
You can get car insurance quotes at any time. We recommend shopping for car insurance quotes each time your auto policy is up for renewal or if you experience a significant life event like moving to a new location or getting married. A better price might be available with your current provider or a new provider.
Shop for car insurance to compare new rates if any of the following occur:
In our 2022 car insurance survey, 28% of respondents reported shopping for car insurance less frequently than once a year, while over 26% stated they shopped every six months.
You can use a free price comparison tool like the one below to get quotes from major insurers like Geico, Progressive and State Farm. Be prepared to enter basic information about your vehicle and situation.
Car insurance rates are based on the likelihood that a company will have to pay out claims on your behalf. The more risk you represent to the company, the more you’ll have to pay for insurance, and vice versa.
Here are the main factors that determine auto insurance quotes:
Our cost estimate data shows that the average 35-year-old driver with good credit and a good driving history pays about $1,732 per year for full coverage car insurance (liability, comprehensive and collision coverage). Because your location affects your rates, the cost of car insurance can vary widely by state.
The table below shows the top five most expensive states for full coverage car insurance.
Most Expensive Statesfor Car Insurance | Average Monthly Costof Car Insurance | Average Annual Costof Car Insurance |
Michigan | $369 | $4,430 |
New York | $337 | $4,048 |
Louisiana | $322 | $3,867 |
Florida | $244 | $2,927 |
Nevada | $196 | $2,354 |
And this table shows the five cheapest states for full car insurance coverage.
Cheapest States for Car Insurance | Average Monthly Costof Car Insurance | Average Annual Costof Car Insurance |
Ohio | $78 | $939 |
Wisconsin | $81 | $970 |
Maine | $84 | $1,013 |
Vermont | $86 | $1,029 |
Indiana | $92 | $1,106 |
Auto insurance premiums also vary widely by provider, which is why it’s important to get car insurance quotes from companies and compare rates. Below are 11 popular insurance providers with our average annual rate estimates. These estimates apply to full coverage insurance for 35-year-old drivers with good credit and good driving records.
Car Insurance Provider | Average Monthly Rate Estimate | Average Annual Rate Estimate |
USAA | $84 | $1,013 |
Erie Insurance | $93 | $1,113 |
Auto-Owners Insurance | $102 | $1,229 |
State Farm | $111 | $1,339 |
Geico | $113 | $1,352 |
Progressive | $116 | $1,397 |
Nationwide | $128 | $1,533 |
Travelers | $135 | $1,617 |
Farmers | $169 | $2,032 |
The Hartford | $180 | $2,166 |
Allstate | $202 | $2,430 |
Car insurance rates also depend on factors in your driving profile, such as speeding tickets and accidents. Here are average full coverage rate estimates for drivers who have a recent speeding ticket, DUI or at-fault accident.
Car Insurance Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
USAA | $188 | $2,258 |
Erie Insurance | $209 | $2,505 |
Progressive | $214 | $2,572 |
State Farm | $223 | $2,678 |
American Family Insurance | $230 | $2,761 |
Travelers | $240 | $2,882 |
Farm Bureau | $278 | $3,342 |
Auto-Owners Insurance | $279 | $3,348 |
Geico | $288 | $3,453 |
Farmers | $304 | $3,653 |
In every state except California, Hawaii and Massachusetts, auto insurance companies can use your credit report to set your rates. Here are the providers that tend to offer cheap car insurance for drivers with poor credit according to our rate estimates.
Car Insurance Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
USAA | $150 | $1,807 |
Geico | $173 | $2,077 |
Nationwide | $185 | $2,227 |
Progressive | $209 | $2,514 |
State Farm | $301 | $3,616 |
Allstate | $314 | $3,765 |
Being a young driver will increase your rates. Here are the cheapest average full coverage rates for 24-year-old drivers according to our estimates.
Car Insurance Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
USAA | $118 | $1,422 |
Geico | $135 | $1,627 |
State Farm | $147 | $1,765 |
Progressive | $169 | $2,029 |
Nationwide | $191 | $2,293 |
Allstate | $246 | $2,959 |
You won’t be able to control every factor that affects your car insurance quotes, but there are things you can do to get cheaper rates. You can keep car insurance rates low by improving your driving habits and credit score, looking for discounts and trying usage-based insurance.
Even if you use all of these tips, you can still end up paying too much for coverage if you only get auto insurance quotes from one provider. Without comparing options, there’s no way to know if a company is giving you the cheapest rate.
The best way to find the right coverage and price for your situation is to shop for car insurance quotes from multiple companies. Once you know what you’re looking for, you can see which company offers the types of coverage and extras you need.
Top 10 Car Insurance Companies | Overall Rating | Cost Rating |
#1 USAA | 9.5 | 10.0 |
#2 Geico | 9.2 | 9.4 |
#3 State Farm | 9.2 | 9.0 |
#4 Progressive | 9.2 | 9.3 |
#5 Travelers | 9.1 | 8.8 |
#6 Erie Insurance | 9.0 | 9.9 |
#7 Liberty Mutual | 8.8 | 8.0 |
#8 Farmers | 8.7 | 7.9 |
#9 Auto-Owners Insurance | 8.8 | 9.7 |
#10 Nationwide | 8.6 | 8.6 |
Our top picks for car insurance include USAA and Geico.
USAA stands out with some of the lowest car insurance rates in the industry. However, coverage is only available to military members, veterans and their families.
The company has been around for almost 100 years and has high ratings from experts, including an A++ financial strength rating from AM Best and an A+ from the BBB. One perk of USAA is that it provides benefits for military families, such as deployment discounts and a discount for garaging your vehicle on a military base. You can learn more about the provider in our USAA insurance review.
We named Geico our second overall pick for best car insurance for its excellent industry standing, low rates and high level of customer satisfaction. Geico has an A++ financial strength rating from AM Best and an A+ rating from the Better Business Bureau (BBB). It also performed well in the J.D. Power 2021 U.S. Auto Insurance StudySM, placing above average in California and in the Central and New England regions.
In addition to standard coverage, Geico provides roadside assistance, rental car reimbursement, classic car coverage, rideshare insurance and mechanical breakdown insurance. You can read more about the company in our detailed Geico insurance review.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account: