THE 5 CHEAPEST CAR INSURANCE

In this guide, we’ll show you the 5 cheapest car insurance in the United States in 2021. Join us for a comprehensive review of each selected insurance company. From the basic price of premiums to possible variations due to accidents, fines, etc.

One of the best ways to get affordable car insurance is to compare similar insurance quotes. Only then can we guarantee you the lowest price.

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However, it is important to note that we should not sacrifice service to get the cheapest price. The cheapest car insurance company always offers affordable prices without sacrificing quality customer service.

Generally speaking, in order to shop for auto insurance and get a better price, you need to take two key steps:

  • Make sure you have the correct level of auto insurance. In other words, don’t apply for an insurance policy that you won’t be able to pay for in the future.
  • On the other hand, always look for quotes from various insurance companies, including our best advice. When shopping, be sure to take advantage of all available discounts.

Lastly, take the first step and understand how much auto insurance you really need. It is important to find a cheap insurance policy that suits your pockets and needs. Remember, it is important to always obtain sufficient insurance to comply with legal requirements and adequately cover your risks.

Top Auto Insurance Companies 2021

Here are the top 3 best-known companies that lead the US auto insurance market.

State farm

State Farm is the largest auto insurance company in the United States and offers insurance policies throughout the United States. Plus, their home prices exceed median prices in at least 48 states (excluding Massachusetts and Rhode Island) and Washington, DC.

On the other hand, State Farm’s minimum coverage auto insurance policy costs about $ 309 for six months. Currently, the company has a large network of local agents, which means there may be a State Farm agent in your city who can help you apply for an insurance policy.

Geko

Geico is the second largest auto insurance company in the United States, with operations in all 50 states and the District of Columbia.

Geico’s minimum insurance cost is approximately US $ 390 for a six-month period. Geico also has one of the best quote tools on the auto insurance market, making it easy to get instant rates and price comparison online.

American Aviation Association

USAA is actually the cheapest option of these three insurance companies and, like Geico, it has operations in all 50 states. Also, the insurance company’s minimum coverage auto insurance policy costs $ 223 for six months. In fact, the interest rate for this company is the lowest in the market.

However, we include USAA as the last of these three insurance companies, because only active duty military personnel, veterans, and their families are eligible. But as the fifth-largest auto insurance company in the United States, it serves nearly as many customers as other well-known companies like Progressive and Allstate.

Top 5 Cheapest Auto Insurance Companies: Overall Rating

Here are the annual auto insurance rates for five of the largest auto insurers in the United States. Please note, these rates are benchmarks only ; therefore, the company you choose to insure your car as well as the final quote can vary considerably.

Annual Price of a Basic Policy

Insurance companyAverage Annual Premium
Geico$ 380
State Farm$ 550
Progressive$ 577
Farmers$ 656
USAA*$ 419

Semiannual Price of a Basic Policy

Insurance companyAverage Monthly Premium
Geico$ 390
State Farm$ 309
Progressive$ 394
Farmers$ 553
USAA*$ 223

Important : * USAA is available only to military, veterans, and their families.

Cheapest Auto Insurance: According to Accidents and DUI

Depending on your driving history , a car insurance company can become more or less affordable. The table below shows the average auto insurance rates for profiles of drivers who have had accidents, fines, and DUI violations .

Fault Accident

Insurance companyAverage Annual Premium
Geico$ 611
State Farm$ 735
Progressive$ 936
Farmers$ 1,011
USAA*$ 633

Remember : * USAA is available only to military, veterans and their families

DUI fines

Insurance companyAverage Annual Premium
Progressive$ 712
Geico$ 911
Farmers$ 968
State Farm$ 1,028
USAA*$ 695

Although, according to the table above, Geico has the lowest average interest rate; this only applies to good drivers and drivers with breakdowns.

In this case, if you have a fine for driving under the influence of alcohol, we recommend that you investigate if progressive is your “ideal” option. Because on average it generally provides a cheaper deal (nationwide) to DUI drivers.

Now if you are looking for cheaper DUI car insurance. We recommend that you try to quote a smaller insurance company. Drivers who have recently had a negligent accident or are driving while intoxicated can find the most affordable auto insurance rates through MMG ($ 500 premium) and other lesser-known insurance companies.

Cheaper Car Insurance: For Drivers With Bad Credit

Your driving history isn’t the only factor in driving up car insurance rates. Many insurance companies also use credit-based scoring to help them calculate auto insurance rates.

So getting cheap car insurance with little credit can be a bit of a hassle. Likewise, the scores used for this type of insurance include the same factors as regular credit scores, such as debt and payment history.

Bad Credit Auto Premiums

Insurance companyDrivers with bad credit (Average Annual Rate)Additional Premium for Bad Credit (Average Annual Rate)
Geico$ 380$ 150
State Farm$ 550$ 607
Progressive$ 577$ 732
Farmers$ 656$ 203
USAA*$ 419$ 288

Important : * USAA is available only to military, veterans, and their families.

Currently, California, Hawaii, Massachusetts, Michigan, and Washington do not allow insurance companies to use credit history to determine auto insurance rates.

As you can see, credit can have a staggering effect on insurance premiums. At large insurance companies, drivers with bad credit pay at least $ 376 more each year. This is compared to good credit boosters.

So if you are looking for the most affordable car insurance rates and have poor credit, if you want to insure your car with a large company, Geico can be a good starting point. According to our analysis, the company has the lowest average interest rate for good drivers with bad credit.

Cheapest Car Insurance: According to the Driver Profile

Several factors can affect the final rate on your auto insurance. In this case, we may include the following factors: location, age, driving history, vehicle, financial situation and, perhaps most importantly, the coverage selected in your offer.

Below, we provide you with possible variants and approximate premiums for drivers of 2 different ages (18 years and 30 years), with the shortest and longest 6 months.

CompanyMinimum Coverage / Clean Record / 30 yearsMaximum Coverage / Clean Record / 30 yearsTraffic Accident / DUI / 30 yearsMaximum Coverage / Clean Record / 18 years
Geico$ 409$ 1,079$ 1,570$ 2,810
State Farm$ 356$ 869$ 1,038$ 2,560
Progressive$ 462$ 1,197$ 1,907$ 4,408
Farmers$ 695$ 1,773$ 2,680$ 4,501
USAA*$ 215$ 625$ 883$ 1,627

How to Find Cheap Auto Insurance?

Here are some tips to help you get a cheap car policy:

  1. Always Quote . Each company has its unique way of rating your policy, so the cost of the same coverage can vary between different providers.
  2. Take advantage of Discounts . Most insurers offer some discounts on auto insurance, this can help you lower your premium.
  3. Understand your Coverage Needs . Full coverage auto insurance provides more financial protection, but it is not the right type of coverage for everyone. Talk to an authorized agent if you have questions about how much insurance to buy.
  4. Consider your Deductibles . If you have full coverage, you have a comprehensive and collision deductible on your policy. Before increasing your deductible, always make sure you can pay it; this in case you file a claim for damage to your vehicle.

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