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. They then assigned each company a Bankrate Score. This score is a number out of 5.0 and represents how well it performed in each of the individual 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 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. Save 25% on multi-vehicle policies. Geico offers a combination of auto and home policies that can be combined to receive 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. This group employs more than 5,000 people and provides car insurance for individuals, families, as well businesses. They offer coverage options for all budgets.
State Farm car coverage rates are variable depending on the area, age and type of coverage. 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 offers drivers the opportunity to take a driving course and practice. This program is offered in the United States except for Rhode Island and California.
Progressive
Progressive insurance has been in business since 1975. It is the third largest insurance carrier in the country and the number one commercial auto insurer. Jack Green and Joseph M. Lewis established the company in 1937. They have their headquarters in Mayfield Village. It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company also offers savings and discounts. Customers can choose the monthly payment that works best for them with a name your price tool on the Progressive website. 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. Drivers should also be aware of the fact that this technology may increase their premiums if there is a high-risk incident.
USAA
When you get USAA car insurance, you get the peace of mind that comes from knowing your car is protected against damage and theft. The auto insurance company also provides roadside assistance and tire change services. You can also get rental car reimbursement depending on your coverage. USAA states that this service could save you up to 30% on your auto insurance.
The application is very simple and can either be submitted online or by telephone. It may be faster to fill out the application online. But, if you're not sure, call the company for assistance. To determine if you are eligible, the agent will ask questions about your insurance requirements and information about your car.
Travelers
You have a range of options when it comes to Travelers' car insurance. There are two types of insurance offered by Travelers: standard, premium new-car replacement and accident forgiveness. 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.
Travelers offers discounts to drivers who are good. If you have more than one vehicle, you may be eligible for an 8% discount. Additionally, if you pay the bill on time, you may get a 3-10% discount. A discount is also available if you haven't made any claims in the last five year.