The lowest annual rates for the driver categories we looked at are routinely offered by USAA, Geico, and State Farm out of the nine main auto insurance companies in our yearly survey. This covers both good-driver premiums and those who might have received a speeding ticket. Teenage and elderly drivers may also be able to save money with these insurers.
Remember that the best approach to obtain the most affordable auto insurance for you is to shop around and compare quotes from several insurance providers.
Best Car Insurance Company for Good Drivers at the Lowest Price: Geico
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- Geico for Teen Driver
- Geico for Senior Drivers
- USAA for the military community
- Following a speeding ticket City Farm
- Following a Mishap: State Farm
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- Following a DUI: State Farm
- Negative credit: Geico
- Geico, as minimum coverage
- Full Protection: Geico
- Geico's low mileage
Which Car Insurance Company Offers the Best Prices for You?
In our ranking, USAA has the lowest monthly vehicle insurance costs. It not only has the lowest prices overall, but it also has the lowest premiums for drivers who have received a speeding citation or been in an accident. Drivers having a military affiliation, such as active service members, veterans, pre-commissioned officers, wives, and children, are eligible for USAA's auto insurance plans.
The second lowest auto insurance provider in our ranking for drivers without a military affiliation is Geico. Aside from USAA, it also offers the most affordable premiums for young and experienced drivers, those with good driving records, and those with low credit scores.
Aside from USAA, State Farm provides the cheapest premiums if you've received a speeding ticket or been in an accident. Additionally, State Farm provides, on average, the cheapest car insurance coverage of any company in our list if you have a DUI.
Our study's rates are based on those who are brand-new to the insurance market and can give you an idea of what you might expect to pay for auto insurance from a different provider. Car insurance rates are highly personalised, so keep that in mind. Your exact rate will vary depending on a number of variables, including as your residence, the vehicle you drive, and your credit ratings. Your driving history is also important to insurers. Some offences, such as a speeding ticket, a DUI, or an accident where you were at fault, may raise your rates or make it more difficult to get a policy.
Geico: Cheap Car Insurance for Safe Drivers
Geico is likely to offer the most affordable auto insurance rates for safe drivers who aren't qualified for a USAA coverage.
Compared to the national average, Geico's yearly premium of $1,148 is $295 less affordable, saving customers more than 20%. The majority of Geico policyholders, according to our most recent customer survey data, are happy with their customer service encounter and are likely to suggest the company to others looking for auto insurance.
Regardless of the insurance you select, accidents, speeding tickets, and other driving infractions might result in higher rates. Maintaining a spotless driving record will assist you in obtaining the best prices and safe-driver incentives.
Geico: Cheap Car Insurance for Young Drivers
Regardless of gender, our data show that Geico offers the most affordable car insurance rates for teen drivers. The military community might want to think about USAA instead because it is a little less expensive.
Teen driver insurance premiums typically cost between $4,860 and $5,503 nationwide, but Geico policyholders may be able to save up to 35%. The average annual premium offered by Geico for female drivers aged 17 is $3,166, which is $1,694 less than the national average. Its average rate—which is $1,948 higher than the national average—for male drivers in the same age range is $3,555.
Geico offers affordable car insurance for older drivers.
Of all the age categories in our analysis, 60-year-olds had the lowest rates, and their annual premiums are typically lower than the national average. Geico, which has the overall lowest prices in our survey, should be taken into consideration by seniors seeking for the cheapest insurance.
Depending on their gender, drivers in this group spend between $1,245 and $1,282 annually for auto insurance. The annual premiums for Geico range from $1,049 to $1,085 and are around 18% less expensive. It's important to note that USAA's rates for drivers 60 and older are considerably less expensive than the national average and Geico's rates. Therefore, those that qualify might want to start by thinking about USAA vehicle insurance.
USAA offers military personnel affordable auto insurance
If you are a part of the military community, USAA should be given consideration. A number of auto insurers provide discounts to military personnel and their families.
In our investigation, USAA frequently gives some of the lowest prices. A safe driver can anticipate USAA premiums that are 31% less expensive than the national average. In addition, USAA offers the most affordable rates for a number of the subcategories we looked at, including those for young drivers, older drivers, those with a history of speeding tickets or accidents, and those looking for the bare minimum of coverage.
If you're thinking about joining USAA, bear in mind that only active-duty and retired military personnel and their families are eligible for its insurance products.
State Farm: Cheap Car Insurance After a Speeding Ticket
The greatest approach to acquire low vehicle insurance rates is to stay out of traffic tickets for speeding, but if it's too late for that, try State Farm.
Drivers may see increased premiums following a speeding ticket. According to our statistics, insurance companies raise premiums by an average of 23% for drivers who receive a single speeding ticket. State Farm had the smallest rate rise of all the carriers in our survey, increasing their rates by just 11% on average. The typical State Farm rate for motorists with a speeding ticket is $1,409. Comparing that to the $1,767 national average, you may save $358.
State Farm: Cheap Car Insurance After an Accident
For drivers with an accident on their record, the national average rate is $2,041. That is 29% more expensive than the typical cost for drivers with perfect records. State Farm has the lowest rate in our survey after USAA, and overall, State Farm is ranked No. 2 on our list of the best car insurance companies for 2022. Its annual fee of $1,516 is 26% lower than the average, resulting in a $525 discount.
Low-cost Auto Insurance Following a DUI: State Farm
A DUI will typically result in a hefty rate hike for drivers. Auto insurance may be easier to afford with a State Farm policy.
According to our data, the average yearly rate for drivers with clean records is $2,320, which is a typical rise of nearly 61%. After a DUI, State Farm does raise rates, but only by 35%. Drivers who choose State Farm often save about $610 year on their auto insurance, paying $1,711 on average.
In this particular category, USAA didn't come out on top. Its premiums are more expensive than those provided by American Family Insurance and State Farm.
Geico offers the cheapest car insurance for people with bad credit.
Rates can rise almost as much as (and occasionally more than) a DUI. Every insurer in our survey raises rates for customers with bad credit, yet Geico may still offer savings to drivers. Its rates for drivers with bad credit are the lowest in our survey and are 28% less expensive than the national average.
The average annual rate for drivers with bad credit is $2,524; meanwhile, Geico's average annual rate is only $1,810. That equates to a $714 yearly savings. It's also important to note that Nationwide offers rates for drivers with terrible credit that are $1,837, which is only 1% more expensive than Geico's.
It should be noted that in Massachusetts, California, and Hawaii, insurers do not factor in credit score when determining prices. Data from those states was therefore excluded from this section of our research.
The State with the Cheapest Auto Insurance
Our research shows that the average annual representative vehicle insurance rate in the country is $1,442. Based on information from nine of the biggest auto insurance providers in the nation, that sum was calculated. Nevertheless, since a number of variables affect a driver's vehicle insurance premium, the results of our study might not be representative of the price you end up paying.
USAA, Geico, State Farm, Nationwide, Travelers, and American Family are among the nine firms in our survey whose average rates are less expensive than the general national average. Average rates from Progressive, Farmers, and Allstate are more expensive than the general national average.
To identify the most affordable insurers in each state, we performed a thorough examination of auto insurance prices for motorists across the US. Your rates will vary because the rates displayed here are a basic average derived from representative driver profiles. It's crucial to keep in mind that your insurance premiums may vary by state and that our data may not include all of the states in which each carrier conducts business. You might discover that pricing vary in different ZIP codes even within the same state.
Geico: Low-Cost Auto Insurance with Minimum Coverage
Geico is the least priced option if you're seeking for affordable auto insurance that complies with state minimal requirements.
Most consumers will save money with Geico, according to our survey. Geico's low-coverage policies typically cost $1,064 year, which is $308 less than the $1,372 national average. Additionally, Geico does well in our rankings and subrankings for the Best Car Insurance Company.
Drivers who qualify for USAA membership may want to take into account its minimum coverage vehicle insurance despite Geico's inexpensive rates. In our investigation, only USAA's minimum coverage is available for less than $1,000 a year.
Geico offers affordable full coverage auto insurance.
According to our data, Geico is the most affordable company if you want comprehensive insurance coverage.
The typical annual premium for high coverage with Geico is $1,238. This represents a $280 annual savings over the national average and a total annual save of about 18%. Drivers in the military community should take into account USAA if they are eligible for membership because its prices are still the most affordable overall, as is the case in many other subcategories we evaluated.
Geico offers the most affordable car insurance for low-mileage drivers.
Change to a low-mileage plan if you drive less than 6,000 miles annually to potentially save money. The most affordable insurance for infrequent drivers is provided by Geico.
For someone who travels less than 6,000 miles annually, Geico's average premium for low-mileage auto insurance is $1,086. Compared to the national average, that is a yearly savings difference of about $400, or nearly 27%. Drivers in the military community should take into consideration USAA if they are qualified for membership because its rates are still the cheapest overall - roughly $150 less than Geico's - as is the case in many other subcategories we evaluated.
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