Best Personal Accident Insurance in 2024 (Compare the Top 10 Companies)
Allstate, Geico, and Farmers provide the best personal accident insurance, offering rates beginning at just $42 per month. These insurers provide affordable and comprehensive coverage, making them ideal for individuals looking for discounts and dependable protection tailored to their driving needs.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: May 28, 2024
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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: May 28, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Full Coverage for Personal Accident Insurance
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Pros & Cons
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Full Coverage for Personal Accident Insurance
A.M. Best Rating
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19,116 reviews
2,903 reviewsCompany Facts
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2,903 reviews
Allstate is a front-runner for the best personal accident insurance, offering competitive rates that begin as low as $42 per month for comprehensive coverage.
Together with Geico and Farmers, they provide affordable rates and comprehensive coverage options tailored to meet your specific driving needs.
Our Top 10 Company Picks: Best Personal Accident Insurance
Company Rank Good Driver Discount A.M. Best Best For Jump to Pros/Cons
#1 25% A+ Forgiveness Program Allstate
#2 17% A++ Extensive Network Geico
#3 15% A++ Coverage Option Farmers
#4 21% A+ Vanishing Deductible Progressive
#5 26% B Claims Assistance State Farm
#6 18% A Personalized Options Liberty Mutual
#7 23% A++ Competitive Rates Travelers
#8 14% A Loyalty Discounts American Family
#9 16% A++ Multi-policy Discount USAA
#10 12% A+ Comprehensive Coverage Nationwide
- Allstate provides competitive rates starting at $42 per month
- Safe driving and defensive vehicles can lower costs with top insurance plans
- Customized options and discounts ensure optimal personal accident insurance
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#1 – Allstate: Top Overall Pick
Pros
- Comprehensive Coverage Options: Allstate offers a wide range of coverage options including accident forgiveness, new car replacement, and rental reimbursement.
- Strong Financial Stability: Allstate holds high ratings from financial rating agencies like A.M. Best, indicating strong financial stability.
- Discount Opportunities: They offer numerous discounts, such as safe driver discounts, multi-policy discounts, and anti-theft device discounts.
Cons
- Higher Premiums: Allstate’s premiums tend to be higher compared to other insurance providers. Consult our Allstate car insurance review for guidance.
- Mixed Customer Service Reviews: Customer service experiences can vary, with some customers reporting dissatisfaction with claim handling.
#2 – Geico: Best for Extensive Network
Pros
- Affordable Rates: Geico is known for offering some of the most competitive and affordable rates in the industry.
- Extensive Online Tools: Geico provides excellent online tools for policy management, including a highly-rated mobile app.
- Diverse Discount Options: They offer a wide range of discounts, such as for good drivers, military personnel, and federal employees.
Cons
- Limited Local Agents: Geico primarily operates online and via phone, which might not be ideal for those who prefer in-person service.
- Mixed Reviews on Claims Process: Our Geico insurance review highlights some customers have reported issues with the claims process, citing delays and communication problems.
#3 – Farmers: Best for Coverage Option
Pros
- Variety of Coverage Options: Farmers, as highlighted in our Farmers car insurance review offers a wide variety of coverage options including rideshare insurance and specialty policies.
- Customizable Policies: They allow for highly customizable policies to fit individual needs.
- Strong Agent Network: Farmers has a strong network of local agents providing personalized service.
Cons
- Higher-than-Average Rates: Farmers often has higher premiums compared to some competitors.
- Limited Online Resources: Their online tools and mobile app are not as advanced as those offered by some competitors.
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#4 – Progressive: Best for Vanishing Deductible
Pros
- Competitive Pricing: Progressive is known for competitive pricing and offering discounts for bundling policies.
- Innovative Tools: They offer innovative tools like the Name Your Price tool, which helps customize policies based on budget.
- Snapshot Program: Their Snapshot program can lower premiums for safe drivers based on driving habits.
Cons
- Customer Service Issues: There are reports of inconsistent customer service experiences. Read more through our Progressive car insurance review.
- Frequent Rate Changes: Some customers have experienced frequent changes in their premium rates.
#5 – State Farm: Best for Claims Assistance
Pros
- Strong Customer Service: State Farm is well-known for excellent customer service and a vast network of agents.
- Robust Mobile App: They have a highly functional mobile app for managing policies and filing claims.
- Extensive Coverage Options: Offers a wide range of coverage options and add-ons, such as rideshare insurance and roadside assistance.
Cons
- Higher Premiums: State Farm’s premiums can be higher than those of other major insurers. Refer to our State Farm car insurance review.
- Limited Discounts: Fewer discounts compared to some other major insurance providers.
#6 – Liberty Mutual: Best for Personalized Options
Pros
- Customizable Policies: Liberty Mutual offers highly customizable policies to meet individual needs. For more information, refer to our Liberty Mutual car insurance review.
- Various Discounts: They provide numerous discounts, including for safe drivers, homeowners, and early shoppers.
- Coverage Options: Wide range of coverage options including accident forgiveness and new car replacement.
Cons
- Average Customer Satisfaction: Customer satisfaction ratings are average, with some complaints about claim handling.
- Higher Rates for High-Risk Drivers: Rates can be higher for drivers with less-than-perfect driving records.
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#7 – Travelers: Best for Competitive Rates
Pros
- Competitive Rates: Travelers is known for offering competitive rates, especially for safe drivers.
- Broad Coverage Options: Our Travelers car insurance review highlights that they provide a broad range of coverage options, including gap insurance and accident forgiveness.
- Good Financial Strength: Travelers has strong financial ratings, indicating stability.
Cons
- Mixed Customer Service Reviews: Customer service reviews are mixed, with some complaints about responsiveness.
- Fewer Discounts: Travelers offers fewer discount opportunities compared to some competitors.
#8 – American Family: Best for Loyalty Discounts
Pros
- Loyalty Discounts: They offer substantial discounts for long-term customers and multi-policy holders.
- Strong Customer Service: American Family is known for strong customer service and a good network of agents.
- Flexible Coverage Options: They provide flexible coverage options tailored to individual needs.
Cons
- Limited Availability: Coverage options and discounts may vary significantly by state. Read more through our American Family car insurance review.
- Higher Premiums: Premiums can be higher compared to some national competitors.
#9 – USAA: Best for Multi-Policy Discount
Pros
- Superior Customer Satisfaction: USAA consistently ranks high in customer satisfaction surveys.
- Competitive Rates for Military Members: They offer highly competitive rates for military members and their families.
- Comprehensive Coverage Options: Offers a wide range of coverage options, including for deployed military personnel.
Cons
- Limited Eligibility: USAA is only available to military members, veterans, and their families. Read more through our USAA car insurance review.
- Limited Physical Locations: Fewer physical locations compared to other major insurers, relying heavily on online and phone service.
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#10 – Nationwide: Best for Comprehensive Coverage
Pros
- Wide Range of Coverage Options: Nationwide offers a comprehensive range of coverage options including vanishing deductible and accident forgiveness.
- Strong Financial Stability: Nationwide has strong financial ratings, indicating reliability, as highlighted in our Nationwide insurance review.
- Good Discount Programs: Offers a variety of discount programs for things like safe driving, multi-policy, and smart student.
Cons
- Average Customer Service: Customer service reviews are average, with some complaints about claims processing.
- Higher Premiums: Premiums can be on the higher side compared to other major insurers.
Best Accident Insurance Companies
Several accident insurance companies offer policies to protect yourself, your family, and your finances in the event of an accident while also ensuring you meet your state’s minimum insurance requirements.
Top accident insurance companies include:
- Combined Insurance Company of America: Leading supplier of supplemental accident, disability, health, and life insurance products.
- Assurity: Offers a $250,000 death benefit and $1,250/month disability income payment for $41/month.
- Gerber: Provides $50,000 benefits for 17 cents a day, with no medical exam required.
- American Fidelity: Offers 25+ benefits covering you on or off the job.
- Mutual of Omaha: Up to $1,000,000 in coverage, including for dangerous occupations, with family coverage plans.
- Lloyd’s of London: World-famous for life insurance, rated A (excellent) by A.M. Best.
- Prudential: Highly rated (A+ by A.M. Best), offering reliable coverage.
- Sun Life: Offers benefits between $10,000 and $1 million, with some portability options.
- TruStage: Available through credit unions, with no health questionnaire or medical exam required.
- AIG/Corebridge: Provides direct purchase options with coverage starting the same day.
Accident insurance can help cover high deductibles or copays on your health insurance with a one-time payment for medical costs, ensuring you are financially protected while meeting your state’s minimum insurance requirements.
Best Car Insurance Companies With Accident Forgiveness
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Hospital Indemnity Plan
Accidental Death and Dismemberment Insurance
Accident insurance, also known as AD&D insurance, pays you if you’re injured or killed in a covered accident. Your policy provides a benefit for injuries sustained, with the insurance provider paying you directly or your beneficiaries in case of death.
This cash benefit, typically paid monthly, can be used for various purposes like medical bills, travel expenses, childcare, or education costs. Additionally, military members may qualify for car insurance discounts for military, further enhancing their financial security. Enter your ZIP code now to start.
Alternatives to the Best AD&D Insurance
Standard life insurance pays out upon death from any cause, unless excluded. AD&D insurance only covers fatal or serious accidental injuries, excluding deaths from illness, surgery, or natural causes. For broader coverage, get term life insurance.
If you already have life insurance, consider adding a personal accident policy for extra protection against accidents. Additionally, if you own a food truck in Texas, make sure you have the necessary insurance for a food truck in Texas to protect your business.
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Case Studies: Best Accident Insurance Companies
Introducing a series of case studies showcasing the importance of comprehensive accident insurance.
- Case Study 1 – SecureCare Accident Insurance by VitalShield: John, a professional athlete, injured his knee during a basketball game. VitalShield’s SecureCare Accident Insurance covered his medical expenses, including surgery and rehabilitation, and provided a lump sum payout for financial support during recovery.
- Case Study 2 – AccidentGuard Plus by TrustShield Insurance: Sarah, a business executive, was in a severe car accident, resulting in fractures and hospitalization. TrustShield Insurance’s AccidentGuard Plus covered her medical expenses and provided a daily cash benefit for lost income during recovery, easing financial strain for her and her family.
- Case Study 3 – AcciPro Plus by SecureLife Insurance: Tom, a construction worker, fell from a ladder, injuring his back. SecureLife Insurance’s AcciPro Plus covered his medical expenses and provided disability income, allowing him to meet financial obligations during recovery.
- Case Study 4 – Accidental Protection Plan by ShieldAssure: Emily, an adventure enthusiast, was injured during extreme sports. ShieldAssure’s Accidental Protection Plan covered her medical expenses and provided a lump sum payout for ongoing care, offering peace of mind during her recovery. When choosing accident insurance, shop around for multiple quotes to find the best coverage.
Frequently Asked Questions
What is personal accident insurance?
Personal accident insurance (PAI) typically provides you with a cash benefit that you can use to cover any expense, such as groceries, medical expenses, or even your mortgage. A good way to guarantee that you and your family will have the money you require in the event of an injury is to purchase individual accident insurance.
This implies that your family will still have access to funds to cover unforeseen out-of-pocket expenses even if you are forced to miss work due to an injury.
Why should I consider an accident insurance policy?
You might be able to receive benefits from an accident insurance policy if a pre-existing condition disqualifies you from disability insurance. Unpaid bills and high deductibles for health insurance can impact your family, home, and way of life. Enter your ZIP code now to begin.
What are the best accident insurance companies?
What is car accident forgiveness?
Some auto insurance plans have an accident forgiveness provision that stops a policyholder’s premium from rising following a single, at-fault accident that occurs within a predetermined time frame. Drivers may be able to pay for accident forgiveness or get it through careful driving and corporate loyalty, depending on the insurer.
Should I be pardoned for my car accident?
Accident forgiveness should be purchased if offered at no additional charge or if the improved piece of mind justifies the expense, particularly if your coverage includes any high-risk drivers. Numerous insurers provide accident forgiveness auto insurance, which often stops your rate from rising every three years due to one accident for which you were at fault. Enter your ZIP code to begin.
How can you be forgiven after a car accident?
After a car accident, can you receive accident forgiveness?
You cannot add accident forgiveness coverage to obtain the benefit after the fact. Accident forgiveness cannot be used retroactively after an accident since it must be purchased or earned beforehand.
How much time does car accident forgiveness take to reset?
With most insurance carriers, accident forgiveness resets after three to five years. While accident forgiveness insurance that drivers can purchase often reset after three years, loyalty-based accident forgiveness, which is free, typically requires drivers to go five years without at-fault incidents to get an accident forgiven.
Timeframes differ depending on the insurance company and the varying tiers of accident forgiveness stipulations that must be met in the interim. Enter your ZIP code now to begin.
What are the main advantages of Allstate, Geico, and Farmers for personal accident insurance in terms of coverage and pricing?
How can accident forgiveness benefit policyholders, and which insurance companies mentioned offer this feature?
These insurers, along with others like State Farm, Progressive, Liberty Mutual, and Travelers, offer accident forgiveness, ensuring policyholders stability and peace of mind after the first at-fault accident.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
