Although there are many car insurance companies available, only a handful of major players are the most prominent. Bankrate's insurance editorial staff looked at the financial strength ratings, coverage options, discounts, customer services scores, and financial strength ratings to narrow down the field. Each company was then assigned a Bankrate Score. This score is a number out of 5.0 and represents how well it performed in each of the individual scoring categories.
Geico
Geico is a popular choice for anyone looking for low-cost auto insurance. They offer very low rates and don't use insurance agents. DriveEasy is a telematics system that analyzes and tracks your driving habits. Geico will lower your rates if your driving habits are safe and you reduce your mileage.
Geico offers a variety of discounts, including multi-policy discounts and multi-vehicle discounts. Multi-vehicle policies are eligible for 25% off Geico allows you to combine auto- and home insurance policies to get a larger discount.
State Farm
State Farm car insurance co is a group of mutual insurance companies that have offices all across the United States. Its corporate headquarters can be found in Bloomington Illinois. The group employs over 5,000 people. It provides insurance for car owners, families, and small businesses. The group offers a variety of coverage options to suit every budget.
State Farm car insurance rates vary depending on where you live, what age you are, and what type of coverage you need. The company offers many discounts that drivers need to take advantage of. Drivers who have not been involved in an accident within the last five years are eligible for moderate discounts. Drivers who have been free from accidents for less than one year can take a defensive driving class to get modest savings. State Farm's Steer Clear Program, which includes a course as well as driving practice, is also available to drivers. This program can be used in any state, except California and Rhode Island.
Progressive
The Progressive car insurance company has been in business for over 75 years. It is the third-largest auto insurance provider in the country, and it is also the number one commercial car insurer. Jack Green and Joseph M. Lewis established the company in 1937. They have their headquarters in Mayfield Village. It offers insurance on many types of vehicles, including cars as well as motorcycles and trucks.
The company also offers savings and discounts. With the name your price tool available on the Progressive website, customers can select the monthly payment that suits them best. The system will then recommend coverage according to their budget. Snapshot, a Telematics program, also monitors driving habits and adjusts insurance rates accordingly. This technology has been proven to lower insurance costs by an average $146 per year. However, drivers should be aware that this technology can also increase their premiums if they are involved in a high-risk accident.
USAA
When you get USAA car insurance, you get the peace of mind that comes from knowing your car is protected against damage and theft. The auto insurance company also provides tire change and roadside assistance. Based on your coverage level, it also offers rental car reimbursement. USAA says that the service will save consumers as much as 30% on auto insurance.
The application process can be done online or over the telephone. You may find it faster to complete the application online, but if you aren't sure, call the company and ask a representative for help. 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 is more expensive than bare bones insurance.
Good drivers get discounts from Travelers. If you have more than one vehicle, you may be eligible for an 8% discount. You can also get a discount of three to ten per cent if your bill is paid on time. You can also receive a discount if you have no claims in the past five years.