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 out of 5.0 and represents how well it performed in each of the individual scoring categories.
Geico
Geico is the top choice for car insurance policies that are low cost. They offer very affordable rates and don’t employ insurance agents. They also offer DriveEasy, a telematics program that analyzes your driving habits. Geico will lower rates for drivers who drive safely and use less fuel.
Geico offers many discounts including multi-policy or multi-vehicle discounts. Save 25% on multi-vehicle policies. In addition, you can combine auto and home policies with Geico to get a larger 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 can be found in Bloomington Illinois. This group employs more than 5,000 people and provides car insurance for individuals, families, as well businesses. They offer many coverage options to fit 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, 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 offers discounts for drivers who have completed a driving test and taken a course. 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 country's third largest auto insurance carrier and number one commercial insurer. Jack Green and Joseph M. Lewis founded the company in 1937. It is located in Mayfield Village (Ohio). It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company also offers savings and discounts. Progressive offers the option to select the best monthly payment for customers. It will then recommend coverage that is appropriate for their budget. Snapshot, a telematics program, monitors drivers and adjusts insurance rates accordingly. It has been shown to decrease insurance costs by $146 on average per year. If drivers are involved in high-risk accidents, this technology could increase their premiums.
USAA
USAA insurance covers your car against theft and damage. The auto insurance company also provides roadside assistance and tire change services. You can also get rental car reimbursement depending on your coverage. USAA claims that this service can save consumers up to 30% on their auto insurance.
It is easy to apply online or by phone. 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
There are many options available for travelers car insurance depending on your needs. Standard insurance, premier car replacement and two accident forgiveness plans are offered by the company. This policy covers the difference in the car's actual cash value and the amount remaining on your loan. It can cost more than bare-bones coverage.
For good drivers, Travelers offers discounts. A discount of 8% is available for those who have more than one car. 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.