Car Insurance Company Comparison: Head-to-Head Company Comparison [2024]
Geico and Progressive top our list with rates under $100/mo. Compare insurance quotes quickly with our easy-to-read car insurance company comparison chart. See at a glance which insurers offer the cheapest rates as well as how the biggest car insurance companies are ranked. Read now to get the lowest rates.
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Zach Fagiano
Insurance & Finance Analyst
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Insurance & Finance Analyst
UPDATED: May 13, 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.
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 13, 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.
On This Page
- Use our car insurance company comparison tool above to get free car insurance quotes online
- Comparing car insurance companies online will help you get the lowest price on coverage
- Geico, Progressive, and State Farm have the cheapest car insurance rates in most states
Shopping for insurance? Start here with our easy-to-read car insurance company comparison chart showing the best auto insurance companies and their market shares. The side-by-side comparison of statistics demonstrates each company’s status as a top car insurer in the United States. But there’s more to it than that.
Car Insurance Comparison Chart
| Company Name | Year Founded | A.M. Best Ratings | Market Share |
|---|---|---|---|
| Allstate | 1931 | A+ | 9% |
| American Family | 1927 | A | 2% |
| Farmers | 1928 | A | 4% |
| Geico | 1936 | A++ | 13% |
| Liberty Mutual | 1912 | A | 5% |
| Nationwide | 1925 | A+ | 3% |
| Progressive | 1937 | A+ | 11% |
| State Farm | 1922 | A++ | 17% |
| Travelers | 1853 | A++ | 2% |
| USAA | 1922 | A++ | 6% |
Read through our guide to learn more about car insurance comparisons and how you can use the tools in our guide to help you save money on car insurance.
Car Insurance Company Comparison: The Top 10 Companies
The top 10 best car insurance companies are:
- Allstate car insurance
- American Family car insurance
- Farmers car insurance
- Geico car insurance
- Liberty Mutual car insurance
- Nationwide car insurance
- Progressive car insurance
- State Farm car insurance
- Travelers car insurance
- USAA car insurance
The average annual rates are different from state to state. Each state has its own unique coverage limits, population density, and risks. Car insurance companies will issue different rates based on these factors.
Read more: What are the top 10 car insurance companies in the US?
Geico Insurance Agency
Geico provides insurance in all 50 states, and the company has been around for more than 70 years. Geico ranks very high in the categories of response and repair, benefits and discounts, policy flexibility, customer service, and claims timeliness.
Geico offers several discounts to its policyholders, including good driver, good student, anti-theft device, multiple-vehicle, multiple-line, loyalty, and advanced safety features car insurance discounts.
Geico is one of the most affordable insurance companies because it operates through a non-agent model, which reduces overhead costs.
Read more:
- Compare Group Car Insurance: Rates, Discounts, & Requirements
- Geico car insurance review
- Geico DriveEasy App review.
Progressive Car Insurance
Progressive has been a leader in the industry for more than 70 years. The company consistently receives top marks for its response, repair, and timeliness for customer service and claims.
Progressive policyholders can receive discounts such as good student, corporate affiliate, loyalty, advanced safety features, low-mileage, multiple-vehicle, anti-theft device, full payment, and automatic payment discounts.
Progressive stands out because of its concierge level of claims service and its immediate response vehicles, which report to the scene of an accident to help you with your claim.
Visit our Progressive car insurance review for more information about the company.
Esurance Car Insurance
Esurance does not have the 70 years of experience that some other car insurance companies have. However, the company has quickly made a name for itself in the industry since it was launched in December 1994.
Aside from its hassle-free policy-purchasing process and expedited claims processing, the company is known for its environmental initiatives.
Esurance consciously limits its paper consumption and takes steps to mitigate the effects of carbon dioxide pollution.
Learn how to get an Esurance car insurance quote here.
Nationwide Car Insurance
Nationwide started out offering car insurance to Ohio farmers and ranchers in 1926, and has since grown to offer insurance nationwide to drivers of all professions.
The company receives top marks for customer service and claims timeliness. Also, it stands out for its 100 percent guarantee on repairs for the life of the policyholder’s car.
Policyholders can take advantage of many Nationwide car insurance discounts, including anti-theft devices, advanced safety features, loyalty, good driver, good student, multiple-line, multiple-vehicle, and corporate affiliate discounts.
State Farm Car Insurance
State Farm is another insurance company that started out by offering car insurance to a limited pool of farmer policyholders in 1922.
The company expanded its offerings to policyholders of all sorts and has become a large and reputable company.
The company consistently receives good marks in response and repair, customer service and claims timeliness, policy flexibility, benefits, and discounts.
Visit our State Farm car insurance review for more information about the company.
Liberty Mutual Car Insurance
Liberty Mutual began as a workers’ compensation insurance company in 1912 before branching out to offer car insurance in 1914.
The company is well known for its policy features, including cracked windshield repair and Total Liberty Care Facilities, which quickly take care of repairs.
While Liberty Mutual receives high marks for its policy offerings, its customer service is lacking.
Visit our Liberty Mutual car insurance review for more information about the company.
Allstate Car Insurance
Allstate was founded in 1931 and was the first car insurance company to offer policies by direct mail. The company also provided policies through the Sears catalog.
Allstate auto insurance rates well among companies for its policy flexibility. The company’s timeliness for customer service and claims misses the mark sometimes.
Allstate stands out among insurance providers by offering deductible discounts for each year that the policyholder goes without accidents. There are a lot of benefits to choosing Allstate car insurance.
Visit our Allstate car insurance review for more information about the company.
USAA Car Insurance
United Services Automobile Association (USAA) started out in 1922 by offering car insurance to U.S. Army officers. At the time, this group had difficulty finding car insurance because they were viewed as high risk.
Today, USAA offers insurance policies to all Armed Forces members and those who served in the U.S. Armed Forces honorably.
The policies are also available to the immediate families of military personnel. USAA stands out because of its extensive discounts and benefits. Read the list of USAA discounts to find out which ones you would qualify for.
Visit our USAA car insurance review for more information about the company.
Farmers Car Insurance
Farmers Insurance was founded in 1928 to offer lower insurance premiums to farmers and ranchers. The company has since expanded its customer base. It has become the third-most-popular provider of private passenger car insurance in the United States.
Today, the company is known for its accident-free good driver car insurance discount, customized policies, and the Farmers fast quote service.
Visit our Farmers car insurance review for more information about the company.
AAA Car Insurance
The American Automobile Association (AAA) is a top-rated not-for-profit organization that offers a wide range of services, including car insurance. (For more information, read our “Non-Profit Car Insurance Companies“).
The insurance is not comprehensive, but it does provide insurance savings by providing members with services such as towing and roadside assistance on its primary car insurance policies.
Aside from the excellent roadside assistance and AAA-approved automobile repair facilities, membership offers many additional benefits such as discounts for travel and retail. For a better understanding of how AAA works, read our AAA car insurance review.
There are many reputable car insurance companies and policies to choose from. The only way to find the auto insurance policy that’s best for you is to do some price shopping.
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Car Insurance Company Comparison: Premium Rates
We’ve conducted some research and found sample auto insurance rates from the nation’s top insurance companies.
Average Annual Car Insurance Rates of the Top Ten Car Insurance Companies
| Company | Average Annual Car Insurance Rates |
|---|---|
| USAA | $2,537 |
| Geico | $3,214 |
| State Farm | $3,260 |
| American Family | $3,443 |
| Nationwide | $3,450 |
| Progressive | $4,036 |
| Farmers | $4,194 |
| Travelers | $4,435 |
| Allstate | $4,888 |
| Liberty Mutual | $6,073 |
USAA has the cheapest car insurance rates. However, only military service members and their immediate families are eligible to receive USAA insurance policies. If you’re looking for car insurance discounts for military members, USAA might be the best option for you.
The two other cheapest car insurance companies are Geico and State Farm.
Read More:
- Best Accident Insurance Companies
- Compare Federal Employee Car Insurance Rates
- How are car insurance companies the same?
- Progressive vs. AAA Car Insurance Comparison
- Progressive vs. Farmers Car Insurance Comparison
- State Farm vs. AAA car insurance comparison
Average Car Insurance Rates by State
As mentioned above, the state in which you live can affect your rates. Check out the chart below to see average car insurance rates by state.
Average Monthly Car Insurance Rates by State
| State | Average Monthly Car Insurance Rates |
|---|---|
| Alabama | $56.50 |
| Alaska | $80.17 |
| Arizona | $77.17 |
| Arkansas | $57.75 |
| California | $70.42 |
| Colorado | $68.92 |
| Connecticut | $82.58 |
| Delaware | $85.67 |
| Florida | $88.58 |
| Georgia | $65.33 |
| Hawaii | $70.25 |
| Idaho | $48.58 |
| Illinois | $61.92 |
| Indiana | $54.75 |
| Iowa | $46.25 |
| Kansas | $49.17 |
| Kentucky | $62.50 |
| Louisiana | $89.67 |
| Maine | $53.67 |
| Maryland | $78.75 |
| Massachusetts | $92.75 |
| Michigan | $77.58 |
| Minnesota | $65.92 |
| Mississippi | $62.08 |
| Missouri | $57.08 |
| Montana | $57.08 |
| Nebraska | $51.75 |
| Nevada | $81.92 |
| New Hampshire | $66.00 |
| New Jersey | $98.67 |
| New Mexico | $60.58 |
| New York | $93.50 |
| North Carolina | $50.17 |
| North Dakota | $46.17 |
| Ohio | $55.75 |
| Oklahoma | $56.50 |
| Oregon | $61.42 |
| Pennsylvania | $70.75 |
| Rhode Island | $88.25 |
| South Carolina | $62.75 |
| South Dakota | $47.08 |
| Tennessee | $54.92 |
| Texas | $70.42 |
| Utah | $58.83 |
| Vermont | $58.25 |
| Virginia | $58.17 |
| Washington | $70.00 |
| Washington D.C. | $98.50 |
| Wisconsin | $51.25 |
| Wyoming | $53.25 |
As you can see, you will pay much more if you live in one of the states with the highest car insurance rates.
Read More:
- Compare North Dakota Car Insurance Rates
- Compare New Hampshire Car Insurance Rates
- Compare Washington DC Car Insurance Rates
- Compare Vermont Car Insurance Rates
- How do you find competitive car insurance rates?
- Compare Alaska Car Insurance Rates
How Car Insurance Companies Determine Rates
Insurance costs may vary a bit from company to company. Ultimately your premium will be based on information provided by you about your vehicle and your driving history.
For example, those looking for car insurance when they’ve had a DUI could pay thousands more annually than those with a clean driving record. Even if you have one accident on your record, it could cause your rates to increase exponentially.
Suppose you don’t have a clean driving record and/or you drive a fast luxury vehicle. In that case, you can spend hours trying to find a low insurance rate without success. Visit the Insurance Information Institute for more details on how policy rates are determined.
Other factors that can affect your auto insurance premiums include your age, credit score, your marital status, and location.
For example, teen drivers can expect to pay much more in rates for teen car insurance than their adult counterparts. Male drivers usually pay more, as do drivers with a poor credit history. However, many states have made it illegal for car insurance companies to factor gender into their rates, and the same goes for credit-based insurance scores.
Rates for married couples tend to be lower than rates for drivers who are single or divorced individuals. Rates for drivers who own their own homes are lower than they are for renters, on average.
Although policy price may be a significant factor in choosing an insurance company, other things are important to compare as well. You may decide that paying a bit more for a policy with a higher-quality company is worth it.
Find out how much car insurance is worth in your area with our FREE online quote tool. Enter your ZIP code to start comparing car insurance companies in your area.
High-Risk Car Insurance Rates
One group of drivers that may have to do a more thorough search is those who need high-risk car insurance.
Suppose you’re going through the usual channels to find an insurance policy. You have a terrible driving record and/or have had your license suspended. In that case, there’s a good chance that many insurance companies will choose not to insure you.
Because having car insurance is required for most drivers, you will eventually find a policy, but you may have to get creative. Some insurance companies cater specifically to drivers that are considered high-risk.
The best way to find and compare these companies is to do a general search online for high-risk car insurance.
When you’re comparing insurance policies for high-risk drivers, prepare to see very high rates. The only way these companies can offer you a policy is by asking you to pay a much higher premium so that their risk is diminished.
If these high-risk or non-standard companies choose not to insure you, contact your state insurance department to see what your state government offers.
Car Insurance Company Comparison: Reputation
Three of the most reputable car insurance companies in the United States are Geico, Nationwide, and Liberty Mutual. Compare car insurance companies’ quotes to reduce your bill by up to 20 percent.
- Geico provides insurance in all 50 states, and the company has been around for more than 70 years.
- Nationwide started offering car insurance to Ohio farmers and ranchers in 1926, and has since grown to offer insurance nationwide to drivers of all professions.
- Liberty Mutual began as a workers’ compensation insurance company in 1912.
When looking for car insurance, it’s best to shop around for the best rates and coverage. You can request price quotes from several companies using an online insurance quote comparison website.
Going with the absolute cheapest car insurance quote isn’t always the best idea. You also want to make sure that the car insurance company is reputable.
Here are 10 of the most reputable insurance companies based on customer ratings and data from the Insurance Information Institute. Companies are listed in no particular order.
What to Consider When Comparing Car Insurance Companies
If you find a car insurance policy that fits your needs and budget, contact the company you’re interested in.
Ask the agent relevant questions related to products and services.
- Who are the company’s top clients?
- How long has it been in business?
- Does it offer online support?
- Are claims handled on time?
Check the company’s industry ratings and financial strength, customer service, billing and payment options, technical help, email support, and rates. Let’s take a look at a video that will shed some further light on factors that impact car insurance rates.
There are many reasons why you should compare car insurance. Purchasing insurance for all vehicles in your household is important and required in most states.
- Compare the prices, financial stability, and reputation of any potential providers.
- Most companies offer similar discounts, but some do not offer any.
- High-risk drivers will probably have to do more research to obtain a good deal on insurance.
- Take your time when comparing companies to make sure you get the best deal possible.
Car insurance discounts offered by most major insurers include safe driver discounts, the military discount, good student discounts, and multi-policy discounts.
The multiple policy discount is usually available to those who choose to bundle their auto coverage with other types of insurance, such as life insurance or homeowners/renters insurance.
Make sure to factor in discounts when you’re looking for which company has the cheaper rates.
Many insurance providers compete to have your business, which is why it can be tough to choose a provider.
Not all car insurance companies are created equal, and not all of them provide the same products.
For you to end up with a quality company that will fulfill all of your insurance needs, you should take the time and energy to look more closely at a few and compare key points. By reviewing your options and comparable insurance quotes, you’ll find rates that may be meet your needs.
How to Find Car Insurance Company Customer Ratings
You can find customer rankings of car insurance companies in a variety of different places:
- Your first stop should be your state’s Department of Insurance. An insurance company’s rating in one state can be very different from its rating in another state. Focus on ratings for your state and then check neighboring states if the results are too close for you to decide based on this information.
- J.D. Power and Associates is an excellent source for finding insurance company ratings. The information that J.D. Power provides is entirely based on consumer ratings and nothing more.
- In addition to these professional ranking sources, you can look for websites that offer reviews and rankings, like Consumer Reports. Choose independent sites that aren’t affiliated with any car insurance companies.
- You can also find forums and such that don’t necessarily rank insurance companies but simply discuss customers’ personal experiences and give those with questions a place to ask them without getting the company line that they would receive if they called an insurance company directly.
When you use the Department of Insurance to look up a company, you’ll see a rating based on complaints. These complaints will usually be listed per 1,000 customers. For example, you might see 20 complaints per 1,000 customers.
When using these sites, keep in mind that irate customers are more likely to leave comments online than satisfied customers.
You can find rankings based on any aspect that you find essential, such as cost, claims processing speed, customer service, and customer satisfaction ratings.
J. D. Power conducts an annual claims study and ranks companies based on those results.
Remember, when you visit an opinion-based site, such as a forum, the users are often compelled to write because they are passionate about the subject. This does not always lead to the most objective information.
How to Find Car Insurance Company Financial Strength Ratings
Another way insurance companies are ranked is by their financial stability. This ranking is not based on how well a company does with customer service issues or how quickly it pays a claim or any other factors.
Instead, this type of ranking is based solely on an insurance company’s ability to pay insurance claims.
Organizations like A.M. Best and Standard & Poor’s focus on this aspect.
In addition to ranking a company based on its ability to pay claims, these organizations will also offer a projection of future stability based on past and current performance.
These organizations are not funded by insurance companies. They will give an honest assessment of a company’s financial ability to pay.
You can access the information from either of these organizations online. However, you will have to search for the insurance company you want to research as neither organization offers a ranked list.
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How to Compare Car Insurance Rates
Getting the best insurance should start with an auto insurance quote. If you start by getting a quote, your research will go more smoothly. You can find free car insurance quotes online.
For example, Progressive gets excellent consumer ratings, but it may not necessarily have the cheapest car insurance available.
You will want to choose a high-ranking company, but you don’t want to pay a fortune for your coverage.
You will also need to think about what types of coverage you want on your auto policy. Most states have minimum requirements for auto insurance, usually consisting of liability car insurance coverage (bodily injury liability coverage and property damage liability coverage).
Your state may also require personal injury protection or uninsured/underinsured motorist coverage.
Liability insurance only pays for another party’s damages after an at-fault accident. To have your own damages covered, you will need to add collision insurance coverage to your auto insurance policy. Comprehensive car insurance coverage pays for damages that were not caused by an accident, such as damage from weather, natural disaster, or vandalism.
A policy with liability, collision, and comprehensive coverage is called a full coverage car insurance policy.
There are many additional coverage options you can add as well, such as roadside assistance, gap insurance, accident forgiveness, rideshare insurance, medical payments coverage, and more.
Read more: Best Car Insurance Comparison Websites
Car Insurance Company Comparison: The Bottom Line
Find the best car insurance for you by visiting third-party review sites, looking at financial ratings, and searching for comparable car insurance quotes from multiple companies.
- There is no single best car insurance company; the right company for you will depend on personal factors.
- Finding the best car insurance company for you requires research.
- Customer service and financial stability are important factors when choosing a provider.
Everyone has their own preferences, which are unlikely to change without good reason. It’s not uncommon for an individual driver to stick with the same car insurance company throughout their life, especially if they’ve never had any difficulties with them.
Determining which car insurance companies are the best requires a serious evaluation of your needs and desires. For example, every insurance provider licensed to do business in your state will provide the minimum car insurance required by each state at a price comparable to its competitors.
Read more:
- Liberty Mutual vs. USAA Car Insurance Comparison
- Amica vs. AAA Car Insurance Comparison
- American Family vs. Safe Auto Car Insurance Comparison
- Amica vs. Nationwide Car Insurance Comparison
- Amica vs. Progressive Car Insurance Comparison
- Amica vs. The Hartford Car Insurance Comparison
- Compare Best Car Insurance Companies for Families
- Esurance vs. Liberty Mutual Car Insurance Comparison
- Esurance vs. Geico vs. Progressive Car Insurance Comparison
- Geico vs. Allstate Car Insurance Comparison
- Geico vs. Liberty Mutual Car Insurance Comparison
- Geico vs. The General Car Insurance Comparison
- Geico vs. AAA Car Insurance Comparison
- Progressive vs. Travelers Car Insurance Comparison
- Progressive vs. USAA Car Insurance Comparison
- State Farm vs. Liberty Mutual Car Insurance Comparison
- Allstate vs. State Farm Car Insurance Comparison
Frequently Asked Questions
What is a car insurance company comparison?
A car insurance company comparison is an evaluation of different insurance providers, comparing them based on various factors such as coverage options, pricing, customer service, financial stability, and more. It helps consumers make an informed decision when choosing an insurance company for their car.
What factors should I consider when comparing car insurance companies?
When comparing car insurance companies, you should consider the following factors:
- Coverage options and limits
- Pricing and affordability
- Customer reviews and reputation
- Financial stability and claims processing
- Discounts and additional benefits
- Ease of filing claims and customer service quality
How can I compare car insurance companies?
To compare car insurance companies, you can follow these steps:
- Research and make a list of potential insurance providers.
- Visit their websites or contact them to gather information on their coverage options, pricing, and discounts.
- Read customer reviews and ratings to gauge their reputation and customer service quality.
- Check their financial stability and claims handling process.
- Consider any specific needs or preferences you have for coverage, such as additional benefits or policy customization.
- Narrow down your options and compare the remaining companies based on the factors that are most important to you.
Is there an app to compare car insurance rates?
Yes, you can use our free car insurance company comparison tool above to get quotes and compare rates from multiple local companies in your area.
What are the pros of comparing car insurance companies?
Pros:
- Informed decision-making: Comparing car insurance companies allows you to make an educated choice based on your specific needs and preferences.
- Cost savings: By comparing different providers, you can find competitive pricing and potentially save money on premiums.
- Better coverage options: You can discover insurance companies that offer additional coverage options or benefits that align with your requirements.
- Improved customer service: Researching and comparing companies can help you choose an insurer known for excellent customer service and claims handling.
What are the cons of comparing car insurance companies?
Cons:
- Time-consuming: Comparing car insurance companies can be a time-consuming process, requiring research and gathering information from multiple sources.
- Overwhelm: With numerous insurance companies available, it can be overwhelming to navigate through the various options and determine which one is the best fit.
- Limited information: Some insurance companies may not disclose all details upfront, making it challenging to have a comprehensive comparison.
- Subjectivity: Individual preferences and needs may vary, so what works well for one person may not be suitable for another.
How are car insurance companies ranked?
Several organizations rank and rate insurance companies, and all of that data should be considered when making your car insurance choice.
Customer ratings will tell you how a company treats its customers. Financial strength ratings concern the stability of the company and its ability to pay claims.
A financially secure company, for example, doesn’t necessarily have the best customer service.
What is the best-rated car insurance company?
Amica Mutual has been rated as the best company overall.
Who has the most reasonable car insurance rates?
Geico and State Farm have the cheapest car insurance rates in most states.
Can I get a lower rate on my car insurance?
Yes, a car insurance company comparison allows you to see multiple rates at once so you can get the lowest price possible.
Which insurance company is best?
While State Farm is the most popular provider in the country, the best car insurance company for you will offer the policy coverage options you need at a price that fits your budget. Compare car insurance companies online to find the best fit.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Zach Fagiano
Insurance & Finance Analyst
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Insurance & Finance Analyst
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.