There are thousands upon thousands of car insurance providers, but only few companies 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. The Bankrate editorial team then gave each company a score. This score, which is a number between 0 and 5, represents how well each company did in each of the scoring categories.
Geico
Geico is a popular choice for anyone looking for low-cost auto insurance. They offer very low rates and don't use insurance agents. DriveEasy is a telematics system that analyzes and tracks your driving habits. If you drive safely and reduce your mileage, Geico will lower your rates.
Geico offers a variety of discounts, including multi-policy discounts and multi-vehicle discounts. There are 25% savings on multiple-vehicle policies. Geico also allows you to combine auto and homeowner policies for a greater 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 are located in Bloomington (Illinois). It has over 5,000 employees. They offer car insurance to individuals as well as families and businesses. They offer coverage options for all budgets.
State Farm car insurance rates can vary widely depending upon the location, age, and type of coverage desired. Drivers should still take advantage the many discounts offered by State Farm. For example, drivers who aren't involved in an accident in the past five years can qualify for substantial discounts. Defensive driving classes can also be beneficial for those who have been clean for the past year. 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 is a car insurance company that has been around for more than 75 years. It is the country's third largest auto insurance carrier and number one commercial insurer. It was founded by Jack Green, Joseph M. Lewis and is based in Mayfield Village in Ohio. It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company offers discounts and savings. Progressive offers the option to select the best monthly payment for customers. It will then recommend coverage for them based on their budget. Snapshot also has a telematics tool called Snapshot that monitors and adjusts an individual's driving habits to determine the best insurance rate. This technology has been found to reduce insurance costs by an average of $146 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 Car Insurance gives you peace of heart knowing that your car will be protected from theft and damages. The auto insurance company also offers roadside assistance and tire changing services. Based on your coverage level, it also offers rental car reimbursement. USAA claims that this service can save consumers up to 30% on their 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 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. There are two types of insurance offered by Travelers: standard, premium new-car replacement and accident forgiveness. The latter covers the difference of the actual cash value of the car and the remaining loan amount. This insurance can be more costly than barebones.
Good drivers get discounts from Travelers. If you have more than one vehicle, you may be eligible for an 8% discount. In addition, if you pay your bill on time, you can get a three to ten percent discount. You may also get a discount if there have been no claims for the past five-years.