The best car insurance companies are USAA, GEICO, State Farm, Progressive and Travellers. This is totally based on cost, coverage, reputation, availability and customer service. This article is made available to people looking for insurance firm, insurer, underwriter and insurance underwriter.
The choice of the best auto insurance provider for you can be quite cumbersome and also intimidating. However, in this article, we will be narrowing down the top 10 car insurance companies in the industry and provide helpful details and reviews of the five best car insurance providers.
Car Insurance Reviews
In order to serve you better, and also do great service to the general public on what and how to go about choosing a competent and reliable insurance company for your automobile. After thorough research into the auto insurance market and reviewing each company’s reputation, availability, coverage options, discounts and customer experience, about 10 companies stood out among the competition as the best and probably most reliable car insurance providers.
Top 10 Auto Insurance Companies
Let’s take a closer look at our top ten (10) best auto insurance companies here:
| Car Insurance Company | Overall Rating | Our Award |
| 1. USAA | 9.5 | Low Rates for Military |
| 2. Geico | 9.2 | Editor’s Choice |
| 3. State Farm | 9.2 | Most Popular Provider |
| 4. Progressive | 9.2 | Low Rates for High-Risk Drivers |
| 5. Travelers | 9.1 | Most Coverage Options |
| 6. Erie Insurance | 9.0 | |
| 7. Liberty Mutual | 8.8 | |
| 8. Auto-Owners Insurance | 8.8 | |
| 9. Farmers Insurance | 8.7 | |
| 10. Nationwide | 8.6 |
Best Car Insurance Companies
Conversely, our top five picks for the best car insurance are USAA, Geico, State Farm, Progressive and Travelers. Below we will provide more information and details on assessments done on each of these providers.
1. USAA: Low Rates for Military
Average cost: $
Number of discounts: 12
Usage-based insurance: SafePilotTM in 37 states
United Services Automobile Association (USAA) is undeniably a first choice for the best car insurance in the nation. It regularly stays ahead in J.D. Power auto insurance studies as one of the best providers in terms of customer satisfaction and value. They are well known for their high customer ratings and very affordable coverage options, including accident forgiveness. However, it has strict eligibility requirements and not just anyone or everyone qualifies for its coverage service.
USAA auto insurance is only made available to military members, veterans and their immediate families, which greatly restricts who can purchase coverage. If you are eligible for a USAA insurance policy, it is one of the very best options available for you. Beyond the standard types of car insurance, USAA offers the following to its customers:
- Roadside assistance
- Rental car reimbursement
- Accident forgiveness
- Glass coverage
- Guaranteed asset protection (GAP insurance)
- Car replacement assistance (CRA)
- Rideshare insurance
2. Geico:
This company received an A++ (Superior) rating from AM Best, meaning that the company has a strong financial backing to pay any insurance claims to its customers. A large auto insurer like Geico comes with more financial stability compared to the smaller and local companies.
Geico also has a very strong customer service reputation. This is according to the J.D. Power Auto Insurance Study, Geico’s performance was better than average in every region put under study except the Mid-Atlantic, Southwest and Texas. The study put in survey, customers on their satisfaction with claims, billing, price, policies and many more. In addition, our January 2022 insurance survey that polled 1,000 respondents found nearly 12% chose Geico as their auto insurance provider.
As regarding cost, Geico’s rates are some of the most affordable ever seen. Their rate estimates show that drivers pay about $1,308 per year on average for full coverage car insurance from this insurance company. These rate estimates apply to average 35-year-olds with good credits and safe driving records. Our estimates put Geico in the top three companies for affordability compared to other national auto insurance providers.
On top of that, the insurer offers its customers a number of ways to save money, which includes a good driver discount of up to 26% off, a good student discount of up to 15% off and a multi-vehicle discount that is up to 25% off.
You can learn more about the company by visiting their website
3. State Farm: Most Popular Provider
Number of discounts: 13
Usage-based insurance: Drive Safe & SaveTM (not available in California, Massachusetts and Rhode Island)
State Farm is yet another strong choice when it comes to finding the best auto insurance in the insurance industry. In January 2022 insurance survey, it was found that the insurer is the most popular provider among the 1,000 respondents surveyed, with 13% stating they purchased State Farm insurance coverage.
Beyond the standard types of coverage, State Farm offers a wide range of other services to include:
- Emergency road service coverage
- Car rental and travel expenses coverage
- Rideshare driver coverage
However, estimates show good drivers pay at an average of about $1,481 annually for full coverage insurance with State Farm. This ranks State Farm as the best among the most affordable national providers.
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4. State Farm
Average cost: $$
Number of discounts: 13
Usage-based insurance: Drive Safe & SaveTM (not available in California, Massachusetts and Rhode Island)
As one of the highly rated auto insurance service providers in the country, State Farm is another strong choice when it comes to finding the best auto insurance in the auto insurance industry. In early 2022, insurance survey found that the insurer is one of the most popular provider among the 1,000 respondents surveyed, with 13% of respondents stating they purchased State Farm insurance coverage.
However, beyond the standard types of coverage, State Farm offers the following too:
- Emergency road service coverage
- Car rental and travel expenses coverage
- Rideshare driver coverage
Cost estimates show good drivers pay an average of about $1,481 annually for full coverage insurance with State Farm. This ranks State Farm among the most affordable national service providers.
As one of the biggest car insurance company in the country, State Farm is no stranger to claims satisfaction. Therefore, it is safe to say that the company has an A++ rating from AM Best. According to the NAIC, State Farm accounted for 15.93% of the auto insurance market share in 2021. State Farm also had fewer complaints than the industry average in 2020, though customer reviews on this are mixed.
We also chose State Farm as one of the nation’s best car insurance companies in part because of the usage-based and safe driving discounts it offers to many young drivers. There are two types of discount programs available through their mobile apps.
Read below to find out which best suits you:
- Drive Safe & Save: State Farm keeps track of and rewards safe driving habits through the Drive Safe & Save mobile app. This is done by reducing driving behaviors such as quick accelerations, hard braking and speeding, and legible drivers can earn up to 30% off their premiums. This program is not available in California, Massachusetts or Rhode Island.
- Similarly,
- Steer Clear: this is a registered platform where teens and new drivers can receive course training, mentoring, driving practice and a program certification to encourage good driving habits. After successfully completing the program, drivers get a discount on their auto insurance premium.
Other State Farm auto insurance discounts include those for good grades, safe driving, defensive driving, vehicle safety features and driving course completion. The company does not offer military discounts.
4. Progressive: Low Rates for High-Risk Drivers
Average cost: $$
Number of discounts: 13
Usage-based insurance: Snapshot® (not available in California or North Carolina)
If you are under 21, are an elderly driver or have received a DUI/DWI, Progressive may be the best car insurance option for you. We found that Progressive to be one of the cheapest and most efficient national providers for high-risk drivers besides USAA. Ratings estimate also show safe drivers pay about $1,611 per year for full coverage insurance with Progressive on average, which puts it just directly behind Geico and State Farm for service affordability.
Progressive offers its customers the following and even more:
- Roadside assistance
- Rental car reimbursement
- Loan/lease payoff
- Custom parts and equipment value
- Rideshare coverage
While Progressive has a widely mixed customer service review, it score is above average in about half of the regions in the J.D. Power Auto Insurance Study. Our 2022 car insurance survey found 74% of Progressive policy-holders are more satisfied with their coverage. Progressive also offers strong financial stability, with an A+ rating from AM Best. The company also wrote more than $35 billion in premiums in 2021, according to the NAIC.
In other words, Progressive also offers auto insurance discounts as well as a few tools to help lower your rates. This so because, by using a mobile app that tracks and records your driving habits, Progressive’s Snapshot® program rewards safe driving behavior with discounts on annual premiums. On the average, drivers who use Snapshot save $146 on their policies, according to Progressive. However, this program is not available in California or North Carolina.
5. Travellers: Most Coverage Options
Average cost: $$
Number of discounts: 12
Usage-based insurance: IntelliDrive® (available in 40 states)
Travelers is a good auto insurance option for drivers who want extra coverage options. The auto insurer offers the following in addition to standard types of insurance made available by other insurers:
- Auto loan/lease gap insurance
- Rental car coverage
- Roadside assistance
- New car replacement
- Accident forgiveness
- Rideshare coverage
- Named non-owner insurance
- Umbrella insurance
Travelers has an AM Best rating of A++ for its huge financial stability and ability to pay out insurance claims in due time. The insurer’s customer service, however, has mixed reviews. According to a review, in the J.D. Power Auto Insurance Study, Travelers score below the segment average in almost every region except New York city.
There was no negative review on this company’s platform as at time of this publication. Furthermore, our research shows, Travelers insurance pricing is slightly cheaper than the national average, costing $1,669 per year on average for a full coverage policy. This auto insurer offers quite a number of exciting discounts, including savings for homeowners, good students and drivers who remain accident-free over a given period of time.