The best car insurance companies provide clients with an all-around customer experience, from quotes and premium payments to claim settlements. There are many factors you should consider when shopping for an auto insurance company. But pricing tops the list.
Auto insurance charges are subject to different factors such as age, gender, the purchase value of a vehicle, and driving records. People with a history of DUI and those with driving records are considered high risk and therefore pay higher premiums.
You can purchase a cover in various ways, depending on your insurance company. Some companies have a personalized approach. They send an agent to guide you in picking the best policy. Others require you to request a quote and make the purchase online. Some use a mix of the two approaches to provide tailor-made purchase options.
Below is a list of the top 10 car insurance companies in the U.S. to help you choose from the best insurers.
State Farm was founded about a century ago and is based in Bloomington, Illinois. State Farm has expanded over the years and has agents in many neighborhoods currently.
The company offers several options for auto insurance. Its offerings range from collisions, liabilities, comprehensives, and uninsured and underinsured coverage. State Farm also provides an emergency road service that covers towing and mechanical labor.
State Farm extends specific discounts. The discount rates vary from the customer, state, and age bracket. Younger drivers below 25 years of age and with clean driving records are among those who can benefit from these deals.
The Government Employees Insurance Company (GEICO) is an auto insurance firm based in Chevy Chase, Maryland. It is one of the largest insurance firms in the U.S. and was founded in 1936.
GEICO takes pride in fast online services and 24-hour customer service. It has a mobile application that allows policyholders to access their ID cards, pay bills, manage their policy information, and more. The GEICO Mobile app is easy to use and has more features compared to other applications offered by its competitors.
The company offers cheap vehicle policies and amazing discounts. Some of its coverage options include collision and comprehensive coverage, liability coverage, and medical payment. There are also coverage options for uninsured and underinsured motorists.
Progressive is an innovative insurance firm in the personal auto market. It is among the largest auto insurance providers in the USA.
Progressive offers several coverage choices. These include medical payments, collisions, rental car reimbursement, personal injury protection, and gap insurance. It gives free auto insurance quotes and extends insurance discounts to its policyholders.
Its snapshot program personalizes your car insurance premiums depending on how you drive. The safer you drive, the less you pay. If you bundle up your auto insurance with home or renter’s insurance, you can land up to a 4% discount on your rates.
Allstate is an auto insurance firm based in Northfield Township, Illinois with more than 90 years of expertise. The auto insurer has several coverage options, including roadside assistance, gap insurance, liability insurance, physical damage insurance, and rideshare. It offers retirement plans as well. Allstate has operations in all states and sells its policies through independent agencies.
You can save on your insurance with Allstate through its wide range of auto insurance discounts. For example, its eSmart discount allows you to save when you go paperless by signing up for a policy online.
USAA offers its products and services to the current or former members of the US military and their close family members. It has an online community where members get support and advice on financial matters. The community prides itself on having more than 600,000 members.
USAA offers comprehensive and collision coverage, liability coverage, and personal injury protection (PIP). It calculates its policies based on vehicle type, age bracket, vehicle usage, location, and driving history.
Farmers Insurance, based in California, specializes in automobile insurance, life insurance, home insurance, and small business insurance. The firm operates in all the states through exclusive and independent agents.
Farmers Insurance has a customized equipment coverage aside from other coverage options. This policy covers vehicle upgrades and is limited to clients with full coverage.
This insurer was formerly known as the American Association of Retired Persons. The Hartford specializes in automobile, life, and homeowners insurance. It also offers mutual funds, annuities, and college savings plans.
The Hartford tailors its services to suit the senior lifestyle. Its coverage options include personal injury protection (PIP), liability, collision, and uninsured and underinsured motorist coverage. The company extends discounts to good drivers through its unique safe driver discounts package.
American Family Insurance
American Family Insurance (AmFam), based in Madison, Wisconsin, offers different types of coverage options such as auto, home, and life insurance. The company features a full policy that includes a combination of coverages such as collision, comprehensive, and liability insurance.
Other coverage options include uninsured and underinsured motorists, body and property damage liability, gap insurance, and dismemberment coverage. AmFam gives up to 28 percent discounts to insurers who bundle their auto and homeowners policies together. Its agents are always online, ready to attend to clients’ auto insurance needs.
Amica, based in Rhode Island, offers auto, home, and life coverage. Its auto coverage options include personal injury protection (PIP), property protection, and injury protection from uninsured and underinsured drivers.
Amica gives a wide range of discounts such as good student discounts, loyalty discounts, and bundling discounts. Its claims process is efficient and straightforward.
Texas Farm Bureau Insurance
Texas Farm Bureau boasts of the lowest car insurance premium rates in Texas, the only state it operates in. It offers different policies, such as personal insurance protection (PIP), uninsured coverage, liability coverage, and comprehensive coverage. The company extends terrific discounts to its clients. For instance, if you’ve branded your car windows with your Vehicle Identification Number (VIN), you are eligible for a theft aversion initiative discount. And if you’re a student with good grades, you get a discounted rate on your premiums as well.
The Bottom Line
There are hundreds of auto insurance companies in the U.S., and choosing the perfect fit for your coverage needs can be pretty difficult. However, it gets easier when you have a budget and coverage option in mind. It’s a good idea to compare the coverage options offered by different companies before settling for one. A good auto insurance company should provide you with policies that fit your budget and coverage needs.