There are thousands of car insurance companies, but only a few major players dominate the market. Bankrate's insurance editorial team looked at each company's coverage options, discounts and customer service scores. They also evaluated their financial strength ratings. Each company received a Bankrate Scope. This score is a number from 5.0 that represents how well the company performed in each category.
Geico
Geico is a popular choice for anyone looking for low-cost auto insurance. They don't need to use an agent and offer low rates. DriveEasy is a telematics system that analyzes and tracks your driving habits. Geico will offer lower rates if drivers are safer and less frequent.
Geico offers multiple discounts, including multipolicy and multi-vehicle discount. You can save 25% on multiple-vehicle policies. Geico also allows you to combine auto and homeowner policies for a greater discount.
State Farm
State Farm is a mutual insurance company that has offices across the United States. The corporate headquarters of the company is 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 car insurance rates vary depending on where you live, what age you are, and what type of coverage you need. However, there are many discounts available that drivers should consider. For example, drivers who aren't involved in an accident in the past five years can qualify for substantial discounts. Defensive driving classes can also be beneficial for those who have been clean for the past year. Drivers can also take advantage of State Farm's Steer Clear program, which includes a course and driving practice. This program is offered in the United States except for Rhode Island and California.
Progressive
Progressive insurance has been in business since 1975. It is the third-largest insurance company in the United States and the largest commercial auto insurer. Jack Green and Joseph M. Lewis founded the company in 1937. It is located in Mayfield Village (Ohio). It provides insurance for many vehicle types, including cars, bikes, and trucks.
There are many savings and discounts offered by the company. Progressive allows customers to choose their monthly payment using a name your cost tool. It will then recommend coverage based on 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. The average annual insurance cost reduction for this technology is $146. If drivers are involved in high-risk accidents, this technology could increase their premiums.
USAA
USAA Car Insurance gives you peace of heart knowing that your car will be protected from theft and damages. The auto insurance company also provides roadside assistance and tire change services. You can also get rental car reimbursement depending on your coverage. USAA claims this service can help consumers save up to 30% when they purchase auto insurance.
The application process is simple and can be completed 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 determine if you are eligible, the agent will ask questions about your insurance requirements and information about your car.
Travelers
You have many options for travel insurance. Standard insurance, Premier New-Car Replacement, and two Accident Forgiveness Plans are available. The latter covers any difference between the actual value of your car or the amount you owe on the loan. However, it can be more expensive than bare-bones insurance.
Travelers offers discounts to drivers who are good. You can get an 8% discount if you own more than one vehicle. Additionally, if you pay the bill on time, you may get a 3-10% discount. You may also get a discount if there have been no claims for the past five-years.