When searching for affordable car insurance, it’s important to consider various factors, such as coverage options, discounts, and overall customer satisfaction. To help you make an informed choice, we’ve compiled a list of the top 10 cheapest car insurance companies for December 2024. Whether you’re looking for full coverage or minimum protection, these companies provide competitive rates that cater to a wide range of drivers.
Geico: Best for Full Coverage
Geico Auto Insurance
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Price: The best way to determine prices is to request a quote.
App available: Yes
Policy highlights:
Geico offers auto coverage in all 50 states and the District of Columbia. With 16 discounts and various optional add-ons, like emergency roadside assistance, rental car reimbursement, and mechanical breakdown insurance, Geico stands out in the affordable car insurance market.
Pros:
- Low average rates, especially for full coverage
- Can buy and manage policies online
- Available nationwide
Cons:
- No gap insurance or rideshare insurance
- Fewer branches for in-person services
- Pay-per-mile car insurance not available
Who’s this for?
Geico is ideal for drivers with a clean record or even those with speeding tickets, accidents, or bad credit. It’s available in all 50 states, making it a reliable choice for cheap full coverage car insurance.
Average premiums:
- Minimum coverage: $465 per year
- Full coverage: $1,782 per year
Auto-Owners: Best After a Ticket or Accident
Auto-Owners Insurance
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Cost: Request a quote to estimate your costs.
App available: Yes
Policy highlights:
Auto-Owners offers affordable premiums and high customer satisfaction. With 12 different discount types and various insurance policies beyond auto, it provides great value for drivers who have had accidents or tickets.
Pros:
- At-fault accident forgiveness available
- High customer satisfaction scores from J.D. Power
- Low complaint index
Cons:
- Available in 26 states only
- Quotes must be obtained through an agent
- Claims must be filed through an agent
Who’s this for?
Auto-Owners is perfect for high-risk drivers with speeding tickets or accidents. If you’ve had an accident or ticket, Auto-Owners offers some of the lowest rates in this category.
Average premiums:
- Minimum coverage: $455 per year
- Full coverage: $1,756 per year
Travelers: Best After a DUI
Travelers Auto Insurance
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Cost: Request a quote for more details.
App available: Yes
Policy highlights:
Travelers is affordable and ranks as the sixth-largest insurer in the U.S. by market share. They offer discounts for bundling, hybrid or electric cars, and good student discounts.
Pros:
- One of the largest auto insurance companies in the United States
- Offers various discounts
- Low rates compared to other companies
Cons:
- Not available in all states
- Below average customer satisfaction
Who’s this for?
After a DUI conviction, your premiums can skyrocket, but Travelers offers some of the lowest rates for drivers in this category. Travelers also issues SR-22 certificates for license reinstatement.
Average premiums:
- Minimum coverage: $545 per year
- Full coverage: $2,001 per year
Nationwide: Best for Seniors
Nationwide Auto Insurance
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Cost: Request a quote to see the rates.
App available: Yes
Policy highlights:
Nationwide offers personalized services such as free annual reviews to ensure you’re properly covered and are taking advantage of available discounts. It’s a top choice for seniors looking for affordable insurance rates.
Pros:
- Available in 46 states
- Low average full coverage premiums
- Free annual insurance evaluation
Cons:
- High premiums for minimum coverage
- Not available in all states
Who’s this for?
Nationwide is ideal for seniors looking for affordable rates, especially those aged 55 and older. A fee is charged for completing a defensive driving course.
Average premiums:
- Minimum coverage: $688 per year
- Full coverage: $1,904 per year
State Farm: Best for Families with Teen Drivers
State Farm Auto Insurance
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Cost: Request a quote for accurate pricing.
App available: Yes
Policy highlights:
State Farm is known for its excellent customer satisfaction and offers a variety of discounts, including those for good students, safe driving, and bundling policies. It’s one of the best options for families with teen drivers.
Pros:
- High customer satisfaction
- Affordable rates for teen drivers
- Offers rideshare insurance
Cons:
- No gap insurance
- Accident forgiveness requires a long clean driving record
Who’s this for?
State Farm is great for families, particularly those with teen drivers. They offer budget-friendly rates for young drivers and a Steer Clear® program to encourage safe driving.
Average premiums:
- Minimum coverage: $874 per year
- Full coverage: $2,743 per year
Amica: Best for Homeowners
Amica Auto Insurance
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Cost: Get a quote for more details.
App available: Yes
Policy highlights:
Amica offers a variety of coverage options, including new car replacement and accident forgiveness. Homeowners can benefit from a bundling discount, making it a great option for those who also need home insurance.
Pros:
- High customer satisfaction ratings
- Bundling home and auto can save up to 30%
- Dividend options for some drivers
Cons:
- Higher-than-average rates for some driver types
- Policies often switch from 12-month to 6-month terms
Who’s this for?
Amica is best for homeowners who want to bundle home and auto insurance, receiving discounts of up to 30%. Even if you don’t bundle, you may still qualify for discounts simply by being a homeowner.
Average premiums:
- Minimum coverage: $738 per year
- Full coverage: $2,925 per year
USAA: Best for Military Members and Veterans
USAA Auto Insurance
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Cost: Request a quote to determine your premiums.
App available: Yes
Policy highlights:
USAA provides auto insurance exclusively to service members, veterans, and their families. Known for its low rates and customer satisfaction, USAA offers valuable discounts for military families.
Pros:
- Cheapest insurer for liability-only coverage
- Stellar customer satisfaction
- Discounts for military personnel and families
Cons:
- Limited to military families
- No brick-and-mortar offices
Who’s this for?
USAA is perfect for military families, offering some of the lowest premiums available, with special discounts for deployment or vehicle storage on base.
Average premiums:
- Minimum coverage: $565 per year
- Full coverage: $1,929 per year
More on the Top 10 Cheapest Car Insurance Companies
| Company | States Available | J.D. Power Rating | NAIC Complaint Index |
|---|---|---|---|
| Geico | All 50 states + D.C. | Below average | Fewer than expected |
| Auto-Owners | 26 states | Below average | Fewer than expected |
| Travelers | Most states | Below average | Greater than expected |
| Nationwide | Most states | Above average | Fewer than expected |
| State Farm | All states except MA and RI | Above average | Fewer than expected |
| Amica | Most states | Above average | Fewer than expected |
| USAA | All 50 states | Above average | Fewer than expected |
This list highlights the top 10 cheapest car insurance companies in 2024. Whether you need full coverage or are looking for a basic liability policy, these top 10 cheapest car insurance companies offer competitive rates for various needs.
top 10 cheapest car insurance companies: Average Cost of Car Insurance
Premiums can vary depending on your location, driving record, and other factors. Here’s a breakdown of the average cost for full and minimum coverage insurance by state.
- Full Coverage: This typically includes liability, collision, and comprehensive coverage, offering the most protection for your vehicle.
- Minimum Coverage: This usually covers only the required liability limits, which can be much cheaper but offers less protection in case of an accident.
From one state to another, the typical costs can vary significantly. For instance, drivers in Michigan often face higher premiums due to the state’s no-fault insurance laws, while states like Iowa or Maine typically
Azzam Ameen is a seasoned journalist based in Colombo, Sri Lanka, known for covering critical national and international events with accuracy and insight. With years of experience reporting on political developments, social issues, and global affairs, Azzam brings a unique perspective to complex topics like car insurance and financial decision-making. His work is rooted in providing in-depth analysis, factual reporting, and actionable advice that resonates with readers. Follow Azzam on Facebook, Twitter, Instagram, and TikTok to stay connected and informed.