Who is the cheapest car insurers

Featured Experts Explore Expert Insight. Scroll for more. State Farm. Cheapest Car Insurance Companies by State. Excluding USAA, which is only available for military families, the cheapest companies in most states are: GEICO cheapest in 23 states State Farm cheapest in seven states Erie cheapest in four states Use the table below to explore the cheapest companies for a full coverage policy, excluding USAA, in your state.

New Hampshire. New Jersey. New Mexico. New York. North Carolina. North Dakota. Rhode Island. South Carolina. South Dakota. Washington D.

West Virginia. American Family. Country Financial. Amica Mutual. State Farm State Farm offers affordable car insurance policies. Cheapest Car Insurance by Coverage Type. Cheapest Liability-Only Insurance. Cheapest Full Coverage Insurance. USAA is also an affordable option, but it is only available to military families. Cheapest Car Insurance for Students. Cheapest Car Insurance for Military Members. Can low-cost car insurance mean drivers are sacrificing quality?

What steps can drivers take to lower their car insurance costs? What is the best way for drivers to fit auto insurance expenses into their budget? Wendy Habegger Lecturer at James M. Carrie L. Melissa M. Derek Lawson Assistant Professor, Ph.

Jeffrey H. Amanda J. Michael Tsiros Patrick J. Heather M. Ramiro J. Robert H. Getting quotes from several companies can help you compare premiums, but, on average, these are the cheapest companies in each state. USAA offers cheaper average premiums for minimum coverage in many states than the company we listed, but since eligibility is limited, we have left the company off this list.

Taking that into consideration, Geico offers the cheapest average minimum coverage car insurance in more states than any other provider on our list. Insurance helps protect your finances. Although your premium is an important factor, buying minimum coverage levels could cost you more in out-of-pocket expenses if you cause an accident.

Keeping your coverage needs in mind while looking for a cheap auto insurance policy can help you protect your financial health.

Here are some ways to find the best cheap car insurance for you:. No single company offers the cheapest rates for everyone. Car insurance rates vary from one driver to another depending on factors like location, age except in Hawaii and driving record. Shopping around and comparing quotes based on your needs is usually the best way to find the most affordable car insurance for you. Many of the providers in this article offer affordable coverage for various types of drivers.

Still, you may be able to find cheaper car insurance from providers not mentioned on our list. Determining how much coverage you need involves a review of your broader financial picture.

If you are not sure how much you need, consider speaking with a licensed insurance agent or licensed financial planner. Your ability to find cheap car insurance might depend on your age. Car insurance rates typically peak and drop at certain ages.

Generally, premiums are more expensive the younger you are — especially for inexperienced teen drivers — and then begin decreasing between the ages of 25 and However, senior drivers may start to see rate increases around age 70 due to an increased likelihood of accidents and insured risk. Hawaii does not allow auto insurers to use age as a rating factor. Quoted rates are based on a year-old male and female driver with a clean driving record, good credit and the following full coverage limits:.

Our base profile drivers own a Toyota Camry, commute five days a week and drive 12, miles annually. Geico was among the cheapest providers that offer service nationwide, according to our rate estimates. Erie Insurance also had lower prices than some competitors but has limited availability.

An insurance quote is an estimate of the amount you will pay for car insurance with an insurer based on the details you provide. Your rate typically is not finalized until the insurer checks your credit score and verifies your identity and personal information.

In an effort to provide accurate and unbiased information to consumers, our expert review team collects data from dozens of auto insurance providers to formulate rankings of the best car insurance companies. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5. Read our other insurance articles:.

Updated: Nov 07, at pm ET. By : Will Moore. Best Cheap Car Insurance Providers In our study of the cheapest auto insurance companies, we found several companies that provide relatively low rates.

Erie Auto Insurance 4. Root Insurance 4. Geico Auto Insurance 4. State Farm Auto Insurance 4. Who has the cheapest auto insurance? With limited income, it is sometimes difficult to make financial decisions, including those related to car insurance. Most states have basic car insurance requirements, which is why you should never drive without insurance.

If you can't afford your current car insurance, consider reducing your premiums or switching to a cheaper car insurance provider. How can I get cheaper car insurance? How much is USAA car insurance? Is Geico really the cheapest insurance provider?

What is an insurance quote? Use insurance quotes to gauge the cost of any potential car insurance policy. Sign In or Sign Up. Affordable rates and numerous discounts. Good option for military members and young drivers. Superior financial rating from AM Best.

Everything is done through a mobile app, making for a simple quotes and claims process. Best mortgage refinance lenders. Average refinance closing costs. Average mortgage rates.

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Personal Finance. Liz Knueven and Ronda Lee. Table of Contents. Here are the best cheap car insurance companies for Best car insurance for affordable coverage overall: GEICO Runner up: Erie Insurance Best car insurance for military families: USAA Best auto insurance for drivers with bad credit: GEICO Best car insurance rates for drivers with a DUI: State Farm Best car insurance company for teen drivers: Erie Insurance Best car insurance for senior drivers: Nationwide Best car insurance for a driver with an accident on their record: Erie Insurance Best car insurance company for full coverage: Erie Insurance Best-rated car insurance based on customer satisfaction Best car insurance based on claims satisfaction Frequently asked questions.

Popular Articles. Best travel credit cards. Best cash-back credit cards. Today's year mortgage rates. Liz Knueven. Liz was a reporter at Insider, primarily covering personal-finance topics. Before joining Insider, she wrote about financial and automotive topics as a freelancer for brands like LendingTree and Credit Karma. She lives and works in Cincinnati, Ohio. Find her on Twitter at lizknueven.