There are many companies offering car insurance, but there are only a few that 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. They then assigned each company a Bankrate Score. This score, which is a number between 0 and 5, represents how well each company did in each of the scoring categories.
Geico
Geico is a great choice for those who are looking for affordable car insurance. They offer very affordable rates and don’t employ insurance agents. DriveEasy is a telematics system that analyzes and tracks your driving habits. Geico will offer lower rates if drivers are safer and less frequent.
Geico offers many discounts including multi-policy or 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. The corporate headquarters of the company is in Bloomington, Illinois. 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.
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. The company offers many discounts that drivers need to take advantage of. 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. State Farm offers a Steer Clear program that includes both a driving lesson and a course. This program can be used in any state, except California and Rhode Island.
Progressive
Progressive Car Insurance Company has been in operation for over 75years. 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 started the company in 1937. The company is based out of Mayfield Village, Ohio. It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company also offers savings and discounts. Progressive offers the option to select the best monthly payment for customers. The system will then recommend coverage according to their budget. Snapshot, a telematics program, monitors drivers and adjusts insurance rates accordingly. This technology has been proven to lower insurance costs by an average $146 per year. If drivers are involved in high-risk accidents, this technology could increase their premiums.
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 provides roadside assistance and tire change services. You can also get rental car reimbursement depending on your coverage. USAA says that the service will save consumers as much as 30% on auto insurance.
The application process can be done online or over the telephone. Although you may find it quicker to apply online, if you have any questions, contact the company and ask for assistance. An agent will ask about your insurance needs, and the details of your car to determine whether you're eligible.
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 the difference between the actual cash value of your car and the remaining amount of your loan. However, it is more expensive than bare bones insurance.
For good drivers, Travelers offers discounts. For example, if your car fleet includes more than one vehicle you will receive an 8% discount. In addition, if you pay your bill on time, you can get a three to ten percent discount. If you have not filed any claims in five years, you can get a discount.