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. Each company received a Bankrate Scope. This score is a number out of 5.0 and represents how well it performed in each of the individual scoring categories.
Geico
Geico is the best choice for those looking for low-cost car insurance. They offer very affordable rates and don’t employ insurance agents. DriveEasy also offers a telematics service called DriveEasy that analyzes your driving habits. Geico will reduce your rates if you drive safely and decrease your mileage.
Geico offers many discounts including multi-policy or multi-vehicle discounts. There are 25% savings on multiple-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 a group of mutual insurance companies that have offices all across the United States. Its corporate headquarters can be found in Bloomington Illinois. This group employs more than 5,000 people and provides car insurance for individuals, families, as well businesses. They offer coverage options for all budgets.
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. The company offers many discounts that drivers need to take advantage of. Drivers who have not been involved in an accident within the last five years are eligible for moderate discounts. Drivers who have been free from accidents for less than one year can take a defensive driving class to get modest savings. Drivers can also take advantage of State Farm's Steer Clear program, which includes a course and driving practice. This program can be used in any state, except California and Rhode Island.
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. Jack Green and Joseph M. Lewis established the company in 1937. They have their headquarters in Mayfield Village. It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company offers discounts and savings. 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 based on their budget. They also have a telematics program called Snapshot, which monitors a person's driving habits and adjusts insurance rates accordingly. This technology has been shown to reduce insurance costs by an average amount of $146 per the 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 provides tire change and roadside assistance. You can also get rental car reimbursement depending on your coverage. USAA says this service saves consumers up to 30% on auto insurance.
It is easy to apply online or by phone. While you might find it easier to submit the application online than the phone, the company can help you if necessary. To make sure that you are eligible for insurance, the agent will need to ask questions about you and your vehicle 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. This covers the difference between your actual car value and your remaining loan amount. However, it is more expensive than bare bones insurance.
Travelers offers discounts to drivers who are good. A discount of 8% is available for those who have more than one car. If you pay your bill in time, you will get a three- to ten percent discount. You may also get a discount if there have been no claims for the past five-years.