Cheapest Car Insurance Companies (2024)
Cheapest Car Insurance Companies (2024)
The cheapest car insurance rates start at $38 per month, and the most affordable companies with nationwide availability are USAA, Travelers, and Geico.
Discover if you are overpaying for car insurance below.
Written by Daniel Robinson
Edited by RaShawn Mitchner
Reviewed by Mark Friedlander, Insurance Information Institute
In This Guide:
- Cheapest Car Insurance Rates
- Cheapest Car Insurance by State
- Cheapest Car Insurance By Coverage
- Cheapest Car Insurance by Driver Profile
- How To Get The Cheapest Car Insurance Rates
- Risks of Getting Cheap Car Insurance
- Cheapest Auto Insurance: The Bottom Line
- Cheap Car Insurance: FAQ
Top 10 Cheapest Car Insurance Companies in the U.S.
USAA
- Minimum Coverage: $39/month
- Full Coverage: $145/month
Central Insurance
- Minimum Coverage: $36/month
- Full Coverage: $156/month
Travelers
- Minimum Coverage: $58/month
- Full Coverage: $141/month
Auto-Owners
- Minimum Coverage: $42/month
- Full Coverage: $158/month
Country Financial
- Minimum Coverage: $48/month
- Full Coverage: $163/month
Erie Insurance
- Minimum Coverage: $55/month
- Full Coverage: $158/month
Geico
- Minimum Coverage: $52/month
- Full Coverage: $166/month
Nationwide
- Minimum Coverage: $73/month
- Full Coverage: $172/month
Progressive
- Minimum Coverage: $72/month
- Full Coverage: $194/month
State Farm
- Minimum Coverage: $72/month
- Full Coverage: $212/month
Cheapest Car Insurance Rates
To help you find which provider is the most affordable for you, we’ve summarized the lowest-cost companies by coverage and driving profile:
| Cheap Car Insurance Category | Cheapest Car Insurance Company (Among National Insurers) | Cheapest Monthly Car Insurance Rate |
|---|---|---|
| Minimum Liability | Geico | $52 |
| Full Coverage | Travelers | $141 |
| After a Speeding Ticket | Travelers | $68 |
| After an Accident | Travelers | $74 |
| After a DUI | Travelers | $81 |
| Poor Credit | Geico | $81 |
| Young Drivers | Travelers | $204 |
| Senior Drivers | Geico | $106 |
| Military Members | USAA | $38 |
Cheapest Car Insurance by State
The table below showcases the cheapest car insurance rates overall in each state, regardless of the coverage level chosen. You can also search your state to find more information about cheap insurers in your area to compare.
| State | Cheapest Car Insurance Company | Average Annual Car Insurance Cost |
|---|---|---|
| Alabama | Travelers | $916 |
| Alaska | Geico | $1,037 |
| Arizona | Geico | $992 |
| Arkansas | USAA | $772 |
| California | Geico | $1,406 |
| Colorado | American National | $893 |
| Connecticut | Geico | $1,084 |
| Delaware | Travelers | $1,062 |
| Florida | Geico | $1,368 |
| Georgia | Central Insurance | $1,204 |
All costs provided are based on averages of both full and minimum coverage quotes within each state for a 35-year-old driver with good credit and no driving violations.
How To Get The Cheapest Car Insurance Rates
Finding the cheapest auto insurance premiums can seem daunting, but it’s easier than you might think. Here are some simple methods that can help you save:
- Shop Around: Compare quotes from multiple companies.
- Consider Your Coverage Needs: Adjust your coverage to fit your needs, but ensure you don’t underinsure.
- Look for Discounts: Many insurers offer discounts for things like good driving records, multiple policies, and safety features.
- Maintain a Good Credit Score: Insurance companies often use credit information to determine rates.
- Review Your Policy Regularly: Life changes can impact your insurance needs and costs.
Risks of Getting Cheap Car Insurance
Opting for the cheapest car insurance can save money, but it may come with risks. Here’s what to consider:
- Coverage Limitations: Lower premiums often mean less coverage, which might not be sufficient in case of serious accidents.
- Higher Deductibles: Cheaper policies may require higher out-of-pocket costs before insurance kicks in.
- Poor Customer Service: Some low-cost insurers may cut corners on customer service, which can be crucial when filing a claim.
Cheapest Auto Insurance: The Bottom Line
Our top 10 choices for cheap auto insurance companies are USAA, Central Insurance, Travelers, Auto-Owners, Country Financial, Erie Insurance, Geico, Nationwide, Progressive, and State Farm. The best option for you will vary based on your specific driver profile, location, and vehicle, so it’s essential to compare quotes from multiple companies.
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