There are thousands of car insurance companies, but only a few major players 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 was then given 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 popular choice for anyone looking for low-cost auto insurance. They have very low rates and do not use insurance agents. Additionally, they offer a telematics program called DriveEasy, which analyzes your driving habits. Geico will lower rates for drivers who drive safely and use less fuel.
Geico offers many discounts, including multipolicy and multivehicle discounts. Multi-vehicle policies are eligible for 25% off Geico offers a combination of auto and home policies that can be combined to receive a larger discount.
State Farm
State Farm Car Insurance Co is a collection of mutual insurance firms that have branches all over the United States. The headquarters of State Farm is located in Bloomington. 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.
State Farm car coverage rates are variable depending on the area, age and type of coverage. However, the company offers many discounts that drivers should take advantage of. For example, drivers who aren't involved in an accident in the past five years can qualify for substantial discounts. Defensive driving classes can also be beneficial for those who have been clean for the past year. State Farm's Steer Clear offers discounts for drivers who have completed a driving test and taken a course. This program is available across the United States, except Rhode Island and California.
Progressive
Progressive Car Insurance Company has been in operation for over 75years. It is the nation's third largest insurance company and the most popular commercial auto insurer. It was founded by Jack Green, Joseph M. Lewis and is based in Mayfield Village in Ohio. It provides insurance for many vehicle types, including cars, bikes, and trucks.
The company also offers a variety of discounts and savings. Customers can choose the monthly payment that works best for them with a name your price tool on the Progressive website. It will then recommend coverage based on their budget. Snapshot, a telematics program, monitors drivers and adjusts insurance rates accordingly. This technology has been shown to reduce insurance costs by an average amount of $146 per the year. But, drivers need to be aware that the technology can also increase their insurance premiums if involved in a high risk accident.
USAA
USAA insurance covers your car against theft and damage. The auto insurance company also offers tire changing and roadside assistance. It also offers a rental car reimbursement program based on your coverage level. USAA claims this service can help consumers save up to 30% when they purchase auto insurance.
The application is very simple and can either be submitted online or by telephone. Although you may find it quicker to apply online, if you have any questions, contact the company and ask for assistance. To determine if you are eligible, the agent will ask questions about your insurance requirements and information about your car.
Travelers
You have a range of options when it comes to Travelers' car insurance. The company offers standard insurance, premier new-car replacement, and two accident forgiveness plans. 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.
Travelers also offers discounts for good drivers. A discount of 8% is available for those who have more than one car. Additionally, if you pay the bill on time, you may get a 3-10% discount. You may also get a discount if there have been no claims for the past five-years.