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Of the nine major auto insurance providers in our annual study, USAA, Geico, and State Farm consistently have the lowest annual rates for the driver groups we examined. This includes premiums for good drivers as well as for those who may have had a speeding ticket. These insurers also may be money-savers for teenage and senior drivers.

Keep in mind that shopping around and comparing quotes from different insurance companies is the best way to find the cheapest car insurance for you.

Cheapest Car Insurance Company for You
For Good Drivers: Geico
For Teen Drivers: Geico
For Senior Drivers: Geico
For Military Community: USAA
After a Speeding Ticket: State Farm
After an Accident: State Farm
After a DUI: State Farm
Poor Credit: Geico
Minimum Coverage: Geico
Full Coverage: Geico
Low Mileage: Geico
What Is the Cheapest Car Insurance Company for You?
The company with the cheapest car insurance premiums in our rating is USAA. In addition to having the overall lowest premiums, it also has the lowest premiums for motorists who have a speeding ticket or have been in an accident. USAA offers its car insurance policies to drivers with a connection to the U.S. military, including active service members, veterans, pre-commissioned officers, and spouses and children.

For those drivers without a connection to the military, the next cheapest car insurance company in our rating is Geico. It also has the least expensive premiums, aside from USAA, for both teen and senior drivers, motorists with a clean driving record, and those with poor credit scores.

If you’ve had a speeding ticket or been in an accident, State Farm has the lowest premiums, aside from USAA. And if you have a DUI, State Farm offers, on average, the lowest cost car insurance policies of any company in our rating.

The rates in our study are based on new customers shopping for insurance and can help you get an idea of how much you may pay for auto insurance with a new insurer. Keep in mind that car insurance rates are highly individualized. Your actual rate will depend on several factors, including where you live, the car you drive, and your credit scores. Insurers also rely on your driving record. Some infractions, like a speeding ticket, a DUI, or an at-fault accident, may increase your rates or make it harder to purchase a policy.

National Average Rates for a Year-long Car Insurance Policy

Cheap Car Insurance for Good Drivers: Geico
Good drivers who aren’t eligible for a USAA policy are likely to find the cheapest car insurance rates with Geico.

Cheapest for Good Drivers

Geico

$1,148

National average rate for year-long policy

$294

Savings compared to national average

Geico’s annual rate of $1,148 is $294 less than the national average, a savings of more than 20%. Our latest customer survey data also indicates that most Geico policyholders are satisfied with their customer service experience and are likely to recommend the insurer to other people shopping for car insurance.

Accidents, speeding tickets, and other traffic violations can lead to higher rates, regardless of which insurer you choose. Keeping your driving record clean can help you secure the lowest rates and good-driver discounts.

Annual Rates for Good Drivers
Company

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Cheap Car Insurance for Teen Drivers: Geico
Our data indicates that Geico has the cheapest car insurance rates for most teen drivers, regardless of gender. Members of the military community may want to consider USAA instead, as it is slightly less expensive.

The average national rates for teen drivers range from $4,860 to $5,503, but Geico policyholders may be able to save up to 35%. Geico’s average rate for 17-year-old female drivers is $3,166 a year, or $1,694 less than the national average. Its average rate for male drivers in that same age bracket is $3,555, which beats the national average by $1,948.

Cheap Car Insurance for Senior Drivers: Geico
Male and female 60-year-olds have the lowest rates of all age groups in our study, and their annual premiums are typically lower than the national average. Seniors looking for the cheapest insurance should consider Geico, which has the overall lowest rates in our study.

On average, drivers in this group pay between $1,245 and $1,282 a year for auto insurance, depending on their gender. Geico’s rates are around 18% lower, ranging from $1,049 to $1,085 a year. It’s worth noting that USAA’s rates for 60-year-old drivers are significantly lower than both the national average and Geico’s rates. As such, individuals who are eligible may want to consider USAA car insurance first.

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Cheap Car Insurance for Military Community: USAA
Several auto insurers offer discounts for military members and their families, but if you are a member of the military community, consider USAA.

USAA consistently offers some of the lowest rates in our study. With USAA, a good driver can expect rates that are 31% lower than the national average. USAA also has the lowest rates for several subcategories we reviewed, including teen drivers, senior drivers, drivers with a speeding ticket or accident on their record, and drivers seeking minimum coverage.

If you’re considering USAA, keep in mind that its insurance products are limited to active and veteran military members and their families.

Cheapest for Military Community

USAA

$1,000

National Average for Military Community

$442

Savings compared to national average

Cheap Car Insurance After a Speeding Ticket: State Farm
Car insurance generally gets more expensive after a speeding violation, but it’s possible to minimize that increase with State Farm.

Cheapest After a Speeding Ticket

[object Object] $1,409

National average rate after a speeding ticket

$358

Savings compared to national average

Drivers caught speeding and given a ticket may see their car insurance rates increase. Insurers in our study raised their premium rates by an average of 23% for drivers who received one speeding ticket. But State Farm was well below that, raising its rates 11% on average – the smallest increase in our study. Drivers with State Farm insurance who receive a single speeding ticket can expect an annual insurance rate, on average, of $1,409. With the national average $1,767, that’s a $358 difference.

Most car insurers will raise your rate for at least three years after a speeding ticket, so it may be worth it to shop around to find a suitable alternative insurer that offers a cheaper annual premium.

Annual Rates for Drivers After a Speeding Ticket
Company

National average rate with poor credit

$714

Savings compared to national average

Poor credit can increase rates nearly as much as (and sometimes more than) a DUI. Every insurer in our study increases premiums for poor credit, but drivers still may be able to save with Geico. Its rates for drivers with poor credit are 28% lower than the national average and the cheapest in our study.

The average rate for drivers with a poor credit score is $2,524 per year, but Geico’s average rate is only $1,810 per year. That’s an annual savings of $714. It’s also worth noting Nationwide’s rates are $1,837, only 1% higher than Geico’s, making it another competitively priced option for drivers with bad credit.

Note that insurers do not consider credit score when factoring rates in California, Hawaii, and Massachusetts. As a result, data from those states was omitted from this part of our analysis.

The Cheapest Auto Insurance in Your State
According to our study, the national average representative car insurance rate is $1,442 per year. That amount is based on data from nine of the largest car insurance companies in the country. That being said, several factors determine a driver’s auto insurance premium, so the data in our study may not be indicative of the rate you pay.

Of the nine companies in our study, USAA, Geico, State Farm, Nationwide, Travelers, and American Family have average rates that are cheaper than the overall national average. Progressive, Farmers, and Allstate have average rates that are more expensive than the overall national average.

We did a thorough analysis of car insurance rates for drivers across the country to find the cheapest insurers in each state. The rates shown here are a simple average taken from representative driver profiles, so your rates will differ. It’s important to note that our data may not include all of the states that each company operates in, and that your insurance premiums can vary by state. Even within the same state, you might find that rates change in different ZIP codes.

Mã giảm giá từ 30 đến 70% Shopee tháng 12/2022
Mã giảm giá từ 30 đến 70% Lazada tháng 12/2022