There are many companies offering car insurance, but there are only a few that 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. The Bankrate editorial team then gave each company a score. This score is a number from 5.0 that represents how well the company performed in each category.
Geico
Geico is the top choice for car insurance policies that are low cost. They offer very low rates and don't use insurance agents. DriveEasy offers a telematics platform called DriveEasy which analyzes driving habits. Geico will reduce your rates if you drive safely and decrease your mileage.
Geico offers several discounts, including multi-policy and multi-vehicle discounts. Save 25% on multi-vehicle policies. 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 is located in Bloomington, Illinois. The company employs over 5,000 people. It offers car insurance to individuals and families as well for businesses. They have a range of coverage options that will suit any 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 are accident-free for five years or more can receive decent discounts. Defensive driving courses can offer moderate savings for drivers who have been in an accident for less than a year. State Farm's Steer Clear Program, which includes a course as well as driving practice, is also available to drivers. This program is offered across the United States, except in California and Rhode Island.
Progressive
Progressive has been in existence for over 75 year. It is the third largest insurance carrier in the country and the number one commercial auto insurer. Jack Green and Joseph M. Lewis established the company in 1937. They have their headquarters in Mayfield Village. It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company offers discounts and savings. Progressive's website offers a name-your-price tool that allows customers to choose the monthly payment which suits them best. It will then suggest coverage based upon their budget. They also have a telematics program called Snapshot, which monitors a person's driving habits and adjusts insurance rates accordingly. This technology has been found to reduce insurance costs by an average of $146 per year. Drivers should also be aware of the fact that this technology may increase their premiums if there is a high-risk incident.
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. Based on your coverage level, it also offers rental car reimbursement. USAA says this service saves consumers up to 30% on auto insurance.
The application process is simple and can be completed online or over the phone. While you might find it easier to submit the application online than the phone, the company can help you if necessary. To determine if you are eligible, the agent will ask questions about your insurance requirements and information about your car.
Travelers
You have a range of options when it comes to Travelers' car insurance. Standard insurance, Premier New-Car Replacement, and two Accident Forgiveness Plans are available. The latter covers any difference between the actual value of your car or the amount you owe on the loan. However, it can be more expensive than bare-bones insurance.
Travelers also offers discounts for good drivers. For example, if your car fleet includes more than one vehicle you will receive an 8% discount. Additionally, if you pay the bill on time, you may get a 3-10% discount. If you have not filed any claims in five years, you can get a discount.