There are many car insurers, but only a few big 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 a top choice for people looking for a low cost car insurance policy. They don't need to use an agent and offer low rates. They also offer DriveEasy, a telematics program that analyzes your driving habits. Geico will offer lower rates if drivers are safer and less frequent.
Geico offers a variety of discounts, including multi-policy discounts and multi-vehicle discounts. Multiple-vehicle policies can be discounted up to 25% You can also combine your auto and home policies with Geico for a bigger discount.
State Farm
State Farm car insurance co is an umbrella group of mutual insurance companies with offices throughout the United States. Its corporate headquarters are located in Bloomington (Illinois). The company employs over 5,000 people. It offers car insurance to individuals and families as well for businesses. They offer many coverage options to fit every budget.
State Farm's car insurance rates will vary depending on the driver's location, their age and what kind of coverage they are looking for. The company offers many discounts that drivers need to take advantage of. 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, which includes a course as well as driving practice, is also available to drivers. This program can be used in any state, except California and Rhode Island.
Progressive
Progressive has been in existence for over 75 year. It is the third-largest auto insurance provider in the country, and it is also the number one commercial car insurer. The company was founded in 1937 by Jack Green and Joseph M. Lewis, and it is headquartered 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. With the name your price tool available on the Progressive website, customers can select the monthly payment that suits them best. It will then recommend coverage that is appropriate for their budget. Snapshot, a telematics program, monitors drivers and adjusts insurance rates accordingly. This technology has been shown to reduce insurance costs by an average amount of $146 per the year. However, drivers should be aware that this technology can also increase their premiums if they are involved in a high-risk accident.
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 insurer also offers roadside service and tire changes. 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.
The application process is simple and can be completed online or over the phone. You may find it faster to complete the application online, but if you aren't sure, call the company and ask a representative for help. To ensure you are eligible, the agent may ask you questions about both your insurance needs as well as your car information.
Travelers
You have many options for travel insurance. The company offers standard insurance, premier new-car replacement, and two accident forgiveness plans. This covers the difference between your actual car value and your remaining loan amount. It can cost more than bare-bones coverage.
Travelers also offers discounts for good drivers. If you have more than one vehicle, you may be eligible for an 8% discount. You can also get a discount of three to ten per cent if your bill is paid on time. You can also receive a discount if you have no claims in the past five years.