There are thousands of car insurance companies, but only a few major players dominate the market. Bankrate's insurance editorial staff looked at the financial strength ratings, coverage options, discounts, customer services scores, and financial strength ratings to narrow down the field. Each company was then given a Bankrate score. This score represents the company's performance in each of its scoring categories.
Geico
Geico is a great choice for those who are looking for affordable car insurance. They have very low rates and do not use insurance agents. DriveEasy offers a telematics platform called DriveEasy which analyzes driving habits. Geico will offer lower rates if drivers are safer and less frequent.
Geico offers multiple discounts, including multipolicy and multi-vehicle discount. Save 25% on multi-vehicle policies. In addition, you can combine auto and home policies with Geico to get a larger discount.
State Farm
State Farm car insurance is a cooperative of mutual insurers that has branches throughout the United States. The headquarters of State Farm is located in Bloomington. 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 car insurance rates can vary widely depending upon the location, age, and type of coverage desired. However, there are many discounts available that drivers should consider. For instance, drivers who have been accident-free for at least five years qualify for decent discounts, while drivers who have been accident-free for a year can get moderate savings by taking a defensive driving course. State Farm offers a Steer Clear program that includes both a driving lesson and a course. This program is available across the United States, except Rhode Island and California.
Progressive
Progressive is a car insurance company that has been around for more than 75 years. It is the third-largest insurance company in the United States and the largest commercial auto insurer. The company was founded in 1937 by Jack Green and Joseph M. Lewis, and it is headquartered in Mayfield Village, Ohio. It provides insurance for many vehicle types, including cars, bikes, and trucks.
The company also offers savings and discounts. Customers can choose the monthly payment that works best for them with a name your price tool on the Progressive website. It will then recommend coverage based on their budget. Snapshot is a telematics system that monitors the driving habits of individuals 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
USAA Car Insurance gives you peace of heart knowing that your car will be protected from theft and damages. The auto insurance company also offers roadside assistance and tire changing services. You can also get rental car reimbursement depending on your coverage. USAA states that this service could save you up to 30% on your auto insurance.
The application process is straightforward and can be done 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 can choose from a number of options depending on what you need. The company offers standard, premier, and new-car replacement insurance. There are also two accident forgiveness programs. This policy covers the difference in the car's actual cash value and the amount remaining on your loan. However, it can be more expensive than bare-bones insurance.
Travelers also offers discounts for good drivers. A discount of 8% is available for those who have more than one car. In addition, if you pay your bill on time, you can get a three to ten percent discount. You may also get a discount if there have been no claims for the past five-years.