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. The Bankrate editorial team then gave each company a score. This score is a number from 5.0 that represents how well the company performed in each category.
Geico
Geico is a top choice for people looking for a low cost car insurance policy. They don't need to use an agent and offer low rates. DriveEasy offers a telematics platform called DriveEasy which analyzes driving habits. Geico will offer lower rates if drivers are safer and less frequent.
Geico offers multiple discounts, including multipolicy and multi-vehicle discount. Save 25% on multi-vehicle policies. In addition, you can combine auto and home policies with Geico to get 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. Its corporate headquarters can be found in Bloomington Illinois. The company employs over 5,000 people. It offers car insurance to individuals and families as well for businesses. They have a range of coverage options that will suit any budget.
State Farm's car insurance rates will vary depending on the driver's location, their age and what kind of coverage they are looking for. However, the company offers many discounts that drivers should take advantage of. Drivers who have been without an accident for five years or less are eligible for modest discounts. Drivers who have been uninjured for one year can enjoy moderate savings by enrolling in a defensive driving course. State Farm's Steer Clear program offers drivers the opportunity to take a driving course and practice. 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 country's third largest auto insurance carrier and number one commercial insurer. The company was founded in 1937 by Jack Green and Joseph M. Lewis, and it is headquartered in Mayfield Village, Ohio. It offers insurance for many different types of vehicles, including cars, motorcycles, and trucks.
The company also offers savings and discounts. Progressive allows customers to choose their monthly payment using a name your cost tool. It will then recommend coverage that is appropriate for their budget. Snapshot also has a telematics tool called Snapshot that monitors and adjusts an individual's driving habits to determine the best insurance rate. It has been shown to decrease insurance costs by $146 on average per 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 auto insurance gives you the security and peace of mind that your vehicle is safe from theft and damage. The auto insurance company also offers tire changing and roadside assistance. You can also get rental car reimbursement depending on your coverage. USAA says that the service will save consumers as much as 30% on auto insurance.
The application process is straightforward and can be done online, or over the phone. It may be faster to fill out the application online. But, if you're not sure, call the company for assistance. To ensure you are eligible, the agent may ask you questions about both your insurance needs as well as your car information.
Travelers
You have many options for travel insurance. The company offers standard, premier, and new-car replacement insurance. There are also two accident forgiveness programs. The latter covers the difference of the actual cash value of the car and the remaining loan amount. It can cost more than bare-bones coverage.
Travelers also offers discounts for good drivers. For instance, if you have more than one car, you can receive an 8% discount. Additionally, if you pay the bill on time, you may get a 3-10% discount. If you have not filed any claims in five years, you can get a discount.