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 the best choice for those looking for low-cost car insurance. They have very low rates and do not use insurance agents. Additionally, they offer a telematics program called DriveEasy, which analyzes your driving habits. Geico will lower rates for drivers who drive safely and use less fuel.
Geico offers several discounts, including multi-policy and multi-vehicle discounts. Save 25% on multi-vehicle policies. Geico allows you to combine auto- and home insurance policies to get a larger discount.
State Farm
State Farm Car Insurance Co is a collection of mutual insurance firms that have branches all over the United States. Its corporate headquarters can be found in Bloomington Illinois. It has over 5,000 employees. They offer car insurance to individuals as well as families and 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. However, the company offers many discounts that drivers should take advantage of. 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 offered in the United States except for Rhode Island and California.
Progressive
Progressive insurance has been in business since 1975. It is the third-largest auto insurance provider in the country, and it is also the number one commercial car insurer. It was founded by Jack Green, Joseph M. Lewis and is based in Mayfield Village in Ohio. It provides insurance for many vehicle types, including cars, bikes, 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. Snapshot, a telematics program, monitors drivers and adjusts insurance rates accordingly. This technology has been found to reduce insurance costs by an average of $146 per 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 insurance company also offers roadside assistance and tire changing services. Based on your coverage level, it also offers rental car reimbursement. USAA claims that this service can save consumers up to 30% on their auto insurance.
The application process can be done online or over the telephone. It may be faster to fill out the application online. But, if you're not sure, call the company for assistance. To ensure you are eligible, the agent may ask you questions about both your insurance needs as well as your car information.
Travelers
There are many options available for travelers car insurance depending on your needs. 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. This insurance can be more costly than barebones.
Travelers offers discounts to drivers who are good. A discount of 8% is available for those who have more than one car. You can also get a discount of three to ten per cent if your bill is paid on time. You may also get a discount if there have been no claims for the past five-years.