How to Find Cheap Auto insurance
How to Find Cheap Auto insurance Discover Affordable Auto Insurance: Tips & Company Recommendations Auto insurance is a must-have for every driver, but finding the most affordable options can be a challenge. This guide will help you discover the cheapest car insurance options based on different factors such as state, driving history, and credit score….
How to Find Cheap Auto insurance
Discover Affordable Auto Insurance: Tips & Company Recommendations
Auto insurance is a must-have for every driver, but finding the most affordable options can be a challenge. This guide will help you discover the cheapest car insurance options based on different factors such as state, driving history, and credit score. We’ll also provide you with a detailed table of the cheapest car insurance companies in each state. Keep reading to learn how to save money on your auto insurance without sacrificing quality coverage.
Understanding Minimum Car Insurance Requirements
Minimum car insurance requirements vary by state, but they generally include liability-only auto insurance. This type of coverage pays for property damage and medical bills of others involved in accidents caused by you. The cheapest rate we found for minimum car insurance was $9 per month or $108 per year, but rates can vary significantly depending on factors such as your state of residence and driving history.
Cheapest Car Insurance Companies for Different Driver Profiles
Based on our analysis, we have identified the cheapest car insurance companies for various driver profiles:
- Cheapest for good drivers: State Farm at $37 per month, on average
- Cheapest midsize insurance company: Auto-Owners at $28 per month, on average
- Cheapest after a speeding ticket: State Farm at $45 per month, on average
- Cheapest after an accident: State Farm at $50 per month, on average
- Cheapest after a DUI: State Farm at $68 per month, on average
- Cheapest for poor credit: Geico at $73 per month, on average
For more information on the best cheap car insurance companies, check out LikFLix’s roundup.
How We Found the Cheapest Companies
LikFLix’s editorial team analyzed minimum coverage car insurance rates from pricing analytics company Quadrant Information Services. Our analysis included 35-year-old drivers in all ZIP codes across the 50 U.S. states and Washington, D.C., with a variety of driving and credit histories. All drivers had a 2020 Toyota Camry L.
Full coverage insurance is another option, but it typically costs around $1,500 more per year on average than minimum coverage policies. This is because it includes additional coverage like uninsured/underinsured motorist protection, comprehensive, and collision insurance. If you have a car loan or lease, your lender may require you to purchase comprehensive and collision coverage.
Why You Can Trust LikFLix
Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. Our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which includes rates from every ZIP code in the country where coverage is offered, and data is available. When comparing rates for different coverage amounts, ages, and backgrounds, we change only one variable at a time so you can easily see how each factor affects pricing. Read our methodology for more information.
Cheapest Car Insurance Companies by State
Auto insurance rates vary widely from state to state, so the cheapest option will depend on your location. The table below provides a list of the cheapest car insurance companies for minimum coverage, on average, in each state and Washington, D.C.:
| State | Cheapest Company | Average Annual Rate |
|---|---|---|
| Alabama | Cincinnati Insurance | $301 |
| Alaska | State Farm | $305 |
| Arizona | Noblr | $278 |
| Arkansas | The Hanover | $243 |
| California | Geico | $207 |
| Colorado | American National | $165 |
| Connecticut | State Farm | $555 |
| Delaware | California Casualty | $586 |
| Florida | State Farm | $338 |
| Georgia | Auto-Owners | $328 |
| Hawaii | Geico | $318 |
| Idaho | American National | $108 |
| Illinois | State Farm | $304 |
| Indiana | Auto-Owners | $229 |
| Iowa | State Farm | $158 |
| Kansas | State Farm | $249 |
| Kentucky | Kentucky Farm Bureau | $421 |
| Louisiana | Southern Farm Bureau Casualty | $505 |
| Maine | Concord Group | $288 |
| Maryland | Cumberland Mutual | $478 |
| Massachusetts | Preferred Mutual | $309 |
| Michigan | Travelers | $139 |
| Minnesota | Western National | $212 |
| Mississippi | Alfa Insurance | $298 |
| Missouri | Shelter Mutual | $273 |
| Montana | State Farm | $233 |
| Nebraska | Farm Bureau Financial Services | $261 |
| Nevada | Travelers | $335 |
| New Hampshire | Concord Group | $305 |
| New Jersey | Palisades | $545 |
| New Mexico | State Farm | $348 |
| New York | Preferred Mutual | $412 |
| North Carolina | Nationwide | $287 |
| North Dakota | Nodak Mutual | $201 |
| Ohio | Western Reserve | $235 |
| Oklahoma | Shelter Mutual | $405 |
| Oregon | Country Financial | $271 |
| Pennsylvania | Erie Insurance | $317 |
| Rhode Island | Amica | $398 |
| South Carolina | Auto-Owners | $367 |
| South Dakota | Western National | $175 |
| Tennessee | Farm Bureau Insurance | $297 |
| Texas | Fred Loya | $413 |
| Utah | Bear River Mutual | $225 |
| Vermont | Union Mutual | $245 |
| Virginia | Virginia Farm Bureau | $267 |
| Washington | Pemco | $302 |
| West Virginia | Erie Insurance | $299 |
| Wisconsin | Acuity | $226 |
| Wyoming | Mountain West Farm Bureau | $243 |
Please note that these numbers are approximate and can vary depending on factors such as your driving record, vehicle type, and coverage needs. Always compare quotes from multiple providers to find the best rates for your specific situation.
Car insurance rates vary significantly across states and even within cities. In this comprehensive guide, we will explore the cheapest car insurance options in various states and major cities in the US. By comparing quotes from multiple insurance providers, you can ensure that you find the most affordable coverage for your specific needs.
State-by-State Comparison of Cheapest Car Insurance Companies
We have compiled a list of the cheapest car insurance providers in each state to help you make informed decisions. Keep in mind that these figures are approximate and may vary depending on factors like your driving history, vehicle type, and coverage requirements. It is essential to compare quotes from different providers to find the best rates tailored to your situation.
| State | Cheapest Company | |
|---|---|---|
| Central Insurance | $193 | |
| Oklahoma | State Farm | $278 |
| Oregon | State Farm | $436 |
| Pennsylvania | State Farm | $276 |
| Rhode Island | Travelers | $501 |
| South Carolina | American National | $186 |
| South Dakota | State Farm | $184 |
| Tennessee | Auto-Owners | $225 |
| Texas | State Farm | $396 |
| Utah | QBE | $368 |
| Vermont | Union Mutual | $171 |
| Virginia | Erie | $320 |
| Washington | Pemco | $193 |
| Washington DC | Chubb | $319 |
| West Virginia | Westfield | $319 |
| Wisconsin | Integrity | $173 |
| Wyoming | American National | $145 |
City-by-City Comparison of Cheapest Car Insurance Companies
Even within a state, car insurance rates for minimum coverage can differ significantly. LikFLix analyzed rates for some of the largest cities in the US to help you find the cheapest car insurance options in your area. The table above is a list of major cities where you can compare insurance rates.
Finding Affordable Car Insurance for New Drivers
New drivers often face challenges when searching for cheap car insurance, as insurance providers consider those without a recent driving history to be riskier to insure. This group includes individuals with a new license, drivers with a lapse in car insurance, immigrants, and visitors to the US.
To get the cheapest car insurance, you’ll want to shop around and compare policies from a variety of companies each year. If you live with your family, it may be cheapest to stay on their policy until your driving history is more robust.
How to Get Cheap Car Insurance
If you’re looking to save money with the cheapest possible car insurance, it’s essential to compare quotes from multiple insurers. You can use NerdWallet’s car insurance comparison tool to easily shop for cheap auto insurance online. You may find that you already have the most affordable insurance, but prices can change, so check roughly once a year.
Here are some tips that could help you get cheap auto insurance rates:
Ask for discounts: There could be savings from car insurance discounts you’re not taking advantage of. For instance, maybe you now work from home and are driving less frequently than when you bought your policy. Mention that and you might get a low-mileage discount.
Rethink your deductible: A higher collision and comprehensive deductible might make sense if you rarely drive or are comfortable with the financial risk. Raising your deductible means you’d owe more out of pocket if you had to file a comprehensive or collision claim. But it’s a surefire way to get cheaper car insurance.
Know when to cut coverage: Don’t strip away coverage just for the sake of cheap auto insurance. But if you drive an older car, you can probably drop comprehensive and collision coverage. These coverage types pay out only up to your car’s current value, minus the deductible.
Cash in on major life changes: Certain life events could translate to cheaper car insurance, so shop for quotes whenever something major changes in your life. For instance, many companies offer a lower rate for married couples or domestic partners. Or perhaps you moved to a suburb with lower accident and crime rates. Even if you moved to a more expensive area for car insurance, shopping around can help you get cheaper coverage.
Revisit quotes after your driving record improves: Shop for cheap car insurance quotes online three to five years after any accidents, tickets, or moving violations. They may have dropped off your driving record.
The type of car you drive also affects how much you pay for auto insurance. Check out NerdWallet’s analysis of the cheapest cars to insure to see if your vehicle made the list.
Frequently Asked Questions
How do you get cheap car insurance?
Shopping around for car insurance quotes is the best way to find cheap auto insurance. Having good credit and a clean driving record can also keep your rates low. And be sure to ask about discounts you might be missing from your policy.
At what age does car insurance get cheaper?
Teens and young drivers have some of the highest car insurance rates, on average. As you gain experience, rates decrease. According to a separate NerdWallet analysis for young drivers, rates drop significantly around age 25. Generally, rates continue to drop throughout adulthood, and then start to rise again at age 70, with a more dramatic increase around age 75.
Who has the cheapest car insurance?
Out of the nation’s largest insurance companies, State Farm has the cheapest car insurance, at an average of $37 per month, according to NerdWallet’s analysis of minimum coverage rates for good drivers. Travelers came in second place, with an average rate of $47 per month, while Geico came in third, at $50 per month.
But rates vary widely from one person to another based on factors like gender, the car you drive, and your location.
