Car insurance is a necessity for anyone who owns a car in the United States. It protects you financially in the event of an accident or damage to your vehicle. However, car insurance can also be a significant expense, especially for those on a tight budget.
If you're looking for cheap car insurance in the USA, you'll be happy to know that there are several options available to you. In this article, we'll discuss which companies have cheap car insurance and how you can find the best rates.
GEICO
GEICO, or the Government Employees Insurance Company, is a popular choice for cheap car insurance. The company was founded in 1936 and is now a subsidiary of Berkshire Hathaway. GEICO is known for its low rates and convenience, as you can get a quote and purchase a policy online or over the phone.
One of the reasons GEICO is able to offer such low rates is that it doesn't have physical offices. This allows the company to save on overhead costs and pass those savings on to customers. GEICO also offers a variety of discounts, such as for multiple vehicles, good students, and military personnel.
Progressive
Progressive is another well-known company that offers cheap car insurance. The company was founded in 1937 and is now one of the largest auto insurance providers in the United States. Progressive is known for its innovative approach to insurance, including its usage-based insurance program, Snapshot.
With Snapshot, Progressive customers can save on their insurance premiums by allowing the company to track their driving habits. The program uses a device that plugs into your car's diagnostic port to track factors such as how much you drive, how hard you brake, and what time of day you drive. If you're a safe driver, you could potentially save up to 30% on your insurance with Snapshot.
State Farm
State Farm is another reputable company that offers cheap car insurance. It is the largest provider of car insurance in the United States and has been in business since 1922. State Farm is known for its customer service, with 24/7 assistance available online or over the phone.
State Farm offers a variety of discounts to help customers save on their car insurance, including for good students, multiple cars, and safety features on your vehicle. The company also has a program called Drive Safe & Save, which uses a device or app to track your driving habits and offers personalized premium discounts based on your performance.
Allstate
Allstate is another large insurance company that offers cheap car insurance. The company was founded in 1931 and is now one of the largest providers of car insurance in the United States. Allstate is known for its wide variety of insurance products and its excellent customer service.
Allstate offers a variety of discounts to help customers save on their car insurance, including for multiple vehicles, good students, and safety features on your vehicle. The company also has a program called Drivewise, which uses a device or app to track your driving habits and offer personalized premium discounts based on your performance.
USAA
USAA, or the United Services Automobile Association, is a financial services company that offers cheap car insurance to active and retired military personnel and their families. USAA was founded in 1922 and is known for its excellent customer service and a wide variety of financial products.
While USAA is only available to military members and their families, it is worth considering if you are eligible. The company has a reputation for offering some of the lowest rates in the industry and has a variety of discounts available to help customers save on their car insurance.
Finding the Best Rates
Now that you know which companies offer cheap car insurance, you may be wondering how to find the best rates. Here are some tips to help you get the most affordable car insurance possible:
Shop Around
It's important to compare quotes from multiple companies to ensure you're getting the best deal. Keep in mind that the cheapest option may not always be the best, as it may not offer the coverage you need.
Consider Raising Your Deductible
Your deductible is the amount you pay out of pocket before your insurance company covers the rest of the cost. Raising your deductible can lower your premiums, but it's important to make sure you can afford to pay the deductible in the event of an accident.
Take Advantage of Discounts
Many insurance companies offer discounts for things like multiple vehicles, good students, and safety features on your car. Be sure to ask about any discounts that may be available to you.
Don't Skimp On Coverage
It may be tempting to go with the bare minimum coverage to save money, but this can be a risky move. Make sure you have enough coverage to protect yourself financially in the event of an accident or damage to your vehicle.
Bundle Your Policies
If you have multiple insurance policies, such as home and car insurance, consider bundling them with the same company. Many companies offer discounts for bundling policies.
Summary
In summary, there are several companies that offer cheap car insurance in the USA. GEICO, Progressive, State Farm, Allstate, and USAA are all reputable options to consider. To get the best rates, be sure to shop around, consider raising your deductible, take advantage of discounts, and don't skimp on coverage. Don't forget to also consider bundling your policies to save even more.
If you're ready to start shopping for car insurance, click on the offers below to compare quotes and find the best deal for you.
Updated February 14, 2023