There are many companies offering car insurance, but there are only a few that dominate the market. Bankrate's editorial team examined the coverage options, discounts, customer service scores and financial strength ratings of each company to narrow down the field. Each company was then assigned a Bankrate Score. This score is a number ranging from 5.0 to 5.0. It represents how well each scoring category performed.
Geico
Geico is a popular choice for anyone looking for low-cost auto insurance. They don't need to use an agent and offer low rates. 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 multiple discounts, including multipolicy and multi-vehicle discount. You can save 25% on multiple-vehicle policies. Geico allows you to combine auto- and home insurance policies to get a larger discount.
State Farm
State Farm is a mutual insurance company that has offices across 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 a wide range of coverage options for every budget.
State Farm car insurance rates vary depending on where you live, what age you are, and what type of coverage you need. 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's Steer Clear program offers drivers the opportunity to take a driving course and practice. This program is available in all 50 states, with the exception of California and Rhode Island.
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 started the company in 1937. The company is based out of Mayfield Village, Ohio. The company offers insurance for all types vehicles, including cars and trucks.
You can also enjoy a range of savings and discounts from the company. With the name your price tool available on the Progressive website, customers can select the monthly payment that suits them best. It will then recommend coverage for them based on 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
USAA insurance covers your car against theft and damage. 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 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 determine if you are eligible, the agent will ask questions about your insurance requirements and information about your car.
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. The latter covers any difference between the actual value of your car or the amount you owe on the loan. This insurance can be more costly than barebones.
Travelers offers discounts to drivers who are good. For example, if your car fleet includes more than one vehicle you will receive an 8% discount. 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.