Cheapest Car Insurance: Top 10 Offers of November 2022

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Reviewed by Randolph Vialva, MBA
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USAA

USAA

Best for military-focused coverage

5.0 stars - votes

Geico

Geico

Best for a variety of accounts

4.7 stars - votes

State-Farm

State Farm

Best for Young Drivers

4.6 stars - votes

We looked at the cheapest car insurance quotes from various prominent insurance providers in search of the most affordable car insurance in 2022.

Read more: Best Homeowners Insurance

Top 10 Cheapest Car Insurance Offers of 2022

Features Of the Best Cheap Car Insurance: (USAA)

USAA offers the lowest rates for drivers with a clean driving record in our car insurance option analysis. It had excellent customer reviews and the lowest average annual prices for drivers and those looking for basic coverage.

USAA

USAA

  • $25 minimum initial investment required (waived for new users)
  • Zero monthly service charges
  • No account closure costs
Geico

Geico

  • A variety of policy savings available
  • App with the highest user rating
  • Excellent third-party evaluations
State-Farm

State Farm

  • Travel expenses coverage
  • Medical payments coverage
  • Mobile app
Progressive

Progressive

  • Loyalty Reward program
  • Progressive comparison quote tool
  • Mobile app
Farmers

Farmers

  • Multiple discount categories
  • Specialty insurance choices
  • Comprehensive and collision coverage options
Allstate

Allstate

  • Safe Driving Bonus for every 6 months you’re accident-free
  • Pay-per-mile car insurance program
  • Mobile app
Erie

Erie

  • Online Bill Pay
  • Discounts for its auto policies
  • Online Auto-glass claims
MMG

MMG

  • 24/7 claims reporting
  • Coverage available in five states
  • Several discounts available
Hastings Mutual

Hastings Mutual

  • Online claims reporting
  • Offers a wide range of coverages
  • Online claims reporting
Mutual of Enumclaw

Mutual of Enumclaw

  • Online claims method
  • Mobile app available
  • Insurance available in 6 states

Top 10 Cheap Car Insurance Offers of September 2022

USAA

Apart from its low average minimum coverage rate, USAA consistently receives high customer satisfaction ratings, even though it is not available for official ranking due to eligibility restrictions.

  • Low national average rates
  • Excellent customer service ratings
  • Scores for processing claims are excellent
  • Only military personnel are eligible

For drivers who are qualified for a membership, USAA auto insurance is a smart alternative. USAA offers the lowest average annual prices among the auto insurance providers at $875 per year, and is ranked top in our best insurance study. In addition, except for drivers with a DUI on their record, they have the lowest rates for practically every driver demographic group, so it is safe to say USAA is the cheapest Car insurance Company.

Despite the low prices and strong survey scores of the cheapest car insurance company, not all drivers are eligible for coverage. In addition, to get insurance via USAA[1], you must be a member of the organization, which is only open to current and retired military personnel and their families.

Geico

Geico, one of the largest car insurers in the United States by market share, may be able to help you save money no matter where you reside, thanks to its national availability, cheapest rates, and several discounts.

  • Low insurance premiums for the majority of drivers
  • Strict car insurance policy restrictions
  • App with a lot of positive feedback
  • Fewer local agents than other companies

Most drivers will find Geico to be a decent auto insurance company. Geico is one of the cheapest insurers in the US, coming second in our Cheapest Car Insurance Companies list. The average rate for GEICO is $102 monthly, and the company’s customer service is excellent.

State Farm

State Farm is a wonderful option for your insurance requirements, particularly if you’re looking for numerous plans.

  • Low overall average premiums
  • High customer satisfaction ratings
  • Available in 50 states as well as Washington, D.C
  • Drivers with poor credit history face higher rates

State Farm has been in business for more than a century. It is now one of the country’s auto insurance companies. Our State Farm assessment discovered that skilled drivers pay around $1,339 per year, which is roughly 23% less than the national average of $1,732.

State Farm is one of the best car insurance companies for most drivers because of its average annual prices and excellent customer service. This cheap insurer provides customer satisfaction, especially in claims handling and customer support. In addition, state Farm policyholders are more inclined to refer the firm to relatives and friends, which is good news for State Farm.

Progressive

Progressive offers a diverse range of affordable car insurance policies and optional coverage, making it a smart choice for high-risk drivers.

  • Good option for high-risk drivers
  • Process for obtaining quotations is simple
  • Availability across the United States
  • Average customer satisfaction

Progressive is one of the cheapest car insurance companies in the United States, with flexible options, including usage-based insurance and ridesharing insurance that appeal to a wide spectrum of drivers. Our Progressive insurance analysis discovered that the company’s comprehensive coverage premiums for excellent drivers are typically 19% lower than the national average. Progressive is also consistently ranked as one of the cheapest car insurance companies in the country.

Farmers

Farmers provide full coverage options and a comprehensive variety of optional extras and savings. They provide most types of insurance, as well as financial products like mutual funds and annuities, in addition to car insurance.

  • A wide range of coverage options and add-ons are available
  • Available in all 50 states
  • Several discounts available
  • In certain states, premiums can be rather costly

Farmers is the country’s seventh-largest auto insurance company. It includes the usual car insurance coverage options and a comprehensive range of optional extras and savings. They sell most types of insurance, as well as financial products like mutual funds and annuities, in addition to comprehensive insurance and liability insurance.

Allstate

Allstate is well worth a look, with a wide range of auto insurance coverage options and savings.

  • A large network of agents to provide personalized service
  • Available long array of insurance savings
  • Average customer satisfaction

Allstate provides all of the usual auto insurance coverages. In addition, Allstate offers ridesharing insurance for Uber and Lyft drivers; however, Allstate is typically more costly for persons with a profiled driving record and claims processing was found to be average. Progressive and Geico have cheaper car insurance.

The claims satisfaction guarantee from Allstate is another wonderful perk, but it isn’t really a discount. For example, suppose policyholders are dissatisfied with their claims settlement or experience for any reason, Allstate will honor its promise and provide a six-month credit on the insured’s premiums.

Erie

Erie’s Rate Lock program helps to maintain a consistent cheap auto insurance cost; the firm recommends that your price only vary if you make policy changes, such as adding or deleting a driver or vehicle.

  • Multiple support choices
  • Straightforward website
  • Several bonus services
  • No mobile app

Through its Support Center, Erie provides 24/7 phone, online claims support, as well as access to a local agent. In addition, Erie has many departments that can help with different difficulties, such as windshield and vehicle glass claims, roadside assistance, and workers’ compensation claims. Meanwhile, Erie Customer Service can assist you with billing, payment, and policy issues[2].

MMG

The company works with independent insurance agents and delivers a user-friendly experience. MMG can be regarded as a cheap car insurance company in general.

  • Exceptional Claims Services
  • Enhanced Auto Replacement
  • Phenomenal Customer Reviews
  • Coverage isn’t accessible nationwide

MMG has 460 locations and over 190 independent agencies. They’ve received several awards for outstanding service and convenience. On their user-friendly website, you may record a claim, select a repair shop, make a payment, check policy information, and explore resources.

Hastings Mutual

Hastings Mutual has gained a reputation as a solid insurance provider with a good perspective for the future because of its lengthy history, insurance products offered, and financial soundness.

  • Several discounts available
  • Strong financial stability
  • Provides online claims reporting
  • No 24/7 phone claims reporting

Hastings Mutual is a well-established company with more than 130 years of expertise in the market. Individuals, companies, and farmers may get coverage, including home and auto insurance, farm owners insurance, commercial umbrella insurance, and more. Although coverage is not available nationwide, there are a variety of deals available. In addition, it has good financial stability and provides online claim reporting.

Mutual of Enumclaw

Mutual of Enumclaw is a superior option in general for customers who desire a close relationship with an insurance agent who understands them and their requirements

  • Option for towing and roadside assistance
  • Good customer service
  • No online quoting

Mutual of Enumclaw offers typical full coverage and minimum-coverage vehicle insurance prices, as well as full coverage rates by state. Mutual of Enumclaw’s insurance rates use a function of characteristics like a prior accident or speeding ticket and poor credit score.

How to Get Cheap Car Insurance

We all don’t want to pay more for car insurance than we have to, but it isn’t always clear how to save. These tips will help you figure out how to obtain the best deal.

  1. Improve your credit score

Except in a few jurisdictions, your credit score plays a considerable role in the car insurance quotes you obtain. According to insurance firms, customers’ credit scores have been linked to their likelihood of submitting claims. Compared to having high credit, having poor credit scores can boost car insurance costs by hundreds of dollars every year.

  1. Don’t think that one company is the cheapest

Some businesses spend a lot of money on advertisements to persuade you that they have the best auto insurance prices. However, no single insurer is the cheapest for everyone. The cheapest car insurance providers for one individual in one location may be the costlier alternative for a motorist in another state.

Conclusion

Finding a cheap car insurance company does not always imply the best coverage for you. It’s also crucial to have appropriate coverage if your automobile is destroyed, stolen, or worse if you get into a major accident.

Comparing auto insurance rates and looking for discounts with several providers is one of the greatest ways to obtain cheap insurance without sacrificing excellent coverage. It’s best to know how much coverage you need. Comparing cheap car insurance rates has the potential to save you hundreds of dollars every year.

Frequently Asked Questions (FAQs)

Is it legal for me to drive without car insurance?

You cannot drive without car insurance in any state[3] since there are minimum insurance requirements. Driving without automobile insurance is a criminal offense that is penalized by law. Although the legal implications vary by jurisdiction, driving without insurance can result in the loss of your license and registration, as well as fines and a jail sente

How can I get cheap car insurance?

The greatest way to save on car insurance is to compare quotes. Examine all aspects of your plan, including deductibles, driving history, discounts, and the quantity of coverage you need. Don’t limit yourself to big-name insurance; other multiple insurers may also provide low-cost car insurance solutions.

Is it always true that the cheapest insurance is the best option?

This is dependent on what you’re giving up in exchange for the insurance. Consider how much you will pay out of pocket in the event of an accident if you reduce your coverage limits or raise your deductibles to receive a lower quote.

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ABOUT THE AUTHOR

ABOUT THE REVIEWER

He is an organized and creative thinking sales management professional with experience in outside and inside sales in various markets. Working as freelancer in the Greater Boston Market, he moved to St. Louis and became an Account Executive, then a Sales Manager managing and coaching 12 sales reps covering a nationwide territory. He has developed his team with a combination of consultative selling and value before price coaching mindset which has won him a President’s Cup and many other financially rewarding awards at RICOH. His most recent role as a Continuous Improvement Manager provided insight into the importance of delivering a quality product in alignment with the value and reputation of his organization. It further enhances the aspect of selling on value as opposed to price.

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Bizreport Advisor adheres to strict editorial integrity standards avoids using tertiary references. We have strict sourcing guidelines and rely on peer-reviewed studies, academic research. To ensure the accuracy of articles in Bizreport, you can read more about the editorial process here.

  1. Ca.gov. (2016). Insurance commissioner approves new USAA insurance product to fill gap for its ridesharing drivers. [online] Available at: http://www.insurance.ca.gov/0400-news/0100-press-releases/archives/release008-16.cfm [Accessed 17 Feb. 2022].
  2. Nv.gov. (2018). Nevada Division of Insurance. [online] Available at: https://doi.nv.gov/Consumers/Automobile-Insurance/Auto-Insurance-Policy-Forms/ [Accessed 17 Feb. 2022].
  3. ‌Auto Insurance Consumer’s Guide. (n.d.). [online] Available at: https://www.scc.virginia.gov/getattachment/93774df3-1375-4978-8e58-1887da4944d3/autoguide.pdf [Accessed 17 Feb. 2022].