There are thousands upon thousands of car insurance providers, but only few companies dominate the market. Bankrate's Insurance Editorial Team looked at all the available coverage options and discounts. It also assessed customer service scores and financial strength ratings. The Bankrate editorial team then gave each company a score. This score represents the company's performance in each of its scoring categories.
Geico
Geico is a top choice for people looking for a low cost car insurance policy. They offer very low rates and don't use insurance agents. DriveEasy is a telematics system that analyzes and tracks your 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. 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 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. The group offers a variety of coverage options to suit every budget.
Rates for State Farm car insurance vary widely depending on the region, the age of the driver, and the type of coverage the driver is looking for. However, there are many discounts available that drivers should consider. 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. Drivers can also take advantage of State Farm's Steer Clear program, which includes a course and driving practice. This program is available across the United States, except Rhode Island and California.
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. Jack Green and Joseph M. Lewis established the company in 1937. They have their headquarters in Mayfield Village. It provides insurance for all types of vehicles including cars, trucks, and motorcycles.
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 recommend coverage for them based on their budget. Snapshot also has a telematics tool called Snapshot that monitors and adjusts an individual's driving habits to determine the best insurance rate. The average annual insurance cost reduction for this technology is $146. But, drivers need to be aware that the technology can also increase their insurance premiums if involved in a high risk accident.
USAA
USAA insurance covers your car against theft and damage. The auto insurance company also provides tire change and roadside assistance. 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. While you might find it easier to submit the application online than the phone, the company can help you if necessary. 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. Standard insurance, premier car replacement and two accident forgiveness plans are offered by the company. The latter covers the difference between the actual cash value of your car and the remaining amount of your loan. This insurance can be more costly than barebones.
For good drivers, Travelers offers discounts. You can get an 8% discount if you own more than one vehicle. If you pay your bill in time, you will get a three- to ten percent discount. If you have not filed any claims in five years, you can get a discount.