Sunday, April 14, 2024
Sunday, April 14, 2024
HomeNewsGuide to Finding the Best Car Insurance in 2023

Guide to Finding the Best Car Insurance in 2023

We evaluated the best auto insurers to find the best car insurance companies based on best average rates for a variety of vehcile drivers, coverage best features available, levels of complaints about campany and their collision claims process. Satisfaction with car insurance companies now days is high right now, according to a recent report of many sources and Advisor survey. But many car owners are still thinking of about switching the campanies.


The Best Car Insurance Companies of 2023

  1. American Family – Best for Low Level of Complaints
  2. Auto-Owners – Best Cost for Drivers Who Have Caused an Accident
  3. Nationwide – Good for Usage-based or Mileage-based Insurance
  4. USAA – Best for Military Members & Veterans
  5. Geico – Best Overall Car Insurance Rates
  6. Travelers – Best Price for Gap Insurance
  7. Westfield – Best Family Discounts
  8. Erie – Best Grade from Collision Repair Professionals
  9. Progressive – Best Price for Drivers With a DUI
  10. State Farm – Best Renewal Discount

American Family
American Family has a robust lineup of optional car insurance coverage types and a very low level of complaints made against the company. This helps them stand out even with only average car insurance rates.

Rating: 5.0
Average annual cost for good drivers: $2,176
Average annual cost for drivers with a speeding ticket: $2,536
Complaint level: Very Low
ProsCons
  • American Family has a very low level of complaints made to state insurance departments about auto insurance.
  • Costs are decent for drivers with a DUI.
  • Will file SR-22s when needed.
  • Offers accident forgiveness and vanishing deductible.
  • New car owners can buy gap insurance from American Family.
  • Offers a usage-based insurance program (KnowYourDrive) for good drivers who want to reduce their auto insurance costs based on driving habits.
  • Offers nonowners car insurance coverage.
  • Lyft and Uber drivers can get rideshare insurance with American Family.
  • Has only average car insurance costs for good drivers (those with a clean driving record).
  • Costs for adding a teen driver to a parent’s policy are only so-so.
  • Young drivers’ and senior drivers’ auto insurance costs are mediocre.
  • American Family is only available in 19 states and not nationwide.

Auto-Owners Insurance
Auto-Owners Insurance shines with its optional coverage options, its claims process, low level of complaints and competitive pricing.

Rating: 5.0
Average annual cost for good drivers: $1,628
Average annual cost for drivers with a speeding ticket: $2,250
Complaint level: Very Low
ProsCons
  • Superb car insurance costs for drivers who have caused an accident. (USAA is a bit cheaper but eligibility is restricted to military families and veterans.)
  • Offers accident forgiveness and a diminishing deductible.
  • Gives a pretty good discount of 14%, on average, for paying in full for an auto insurance policy.
  • Gap insurance and new car replacement coverage are available.
  • Good drivers can try out Auto-Owners’ usage-based insurance program (TrueRide) to possibly lower their car insurance costs.
  • Received a high grade from collision experts on its claim process.
  • There are cheaper car insurance offerings out there if you have a DUI or poor credit.
  • Costs for adding on a teen driver are only so-so.
  • Drivers in need of SR-22 filings will have to look elsewhere.

Nationwide
Nationwide offers decent car insurance costs for some types of drivers and many helpful add-on coverages. The level of complaints against it for auto insurance is very low, making it a company to check out if you’re shopping for auto insurance. Notably, Nationwide offers both a usage-based insurance program and a pay-per-mile option for drivers who want to potentially lower their costs based on actual driving.

Rating: 5.0
Average annual cost for good drivers: $2,041
Average annual cost for drivers with a speeding ticket: $2,439
Complaint level: Very Low
ProsCons
  • Offers usage-based insurance program (SmartRide) for good drivers who want to lower their car insurance costs based on driving habits.
  • Also offers a pay-per-mile insurance program (SmartMiles) for low-mileage drivers who want to save.
  • Fairly good insurance rates when adding a teen driver to a policy, which is typically very expensive for parents.
  • Relatively affordable premiums for drivers with poor credit.
  • Offers accident forgiveness, new car replacement and vanishing deductible options to add to a policy.
  • High auto insurance costs for drivers who caused an accident with injuries.
  • Car insurance rates for drivers with a DUI is higher than other top competitors.
  • Rideshare insurance coverage is not offered.

USAA
USAA has pretty affordable car insurance costs for motorists with many types of driving records. It’s worth checking out USAA if you qualify. You must be a military member, veteran or military family member to be eligible for USAA auto insurance.

Rating: 5.0
Average annual cost for good drivers: $1,412
Average annual cost for drivers with a speeding ticket: $1,709
Complaint level: Average
ProsCons
  • Low costs for not only good drivers but also ones with an accident, ticket or DUI on their records.
  • Also offers good rates for seniors and young drivers, two age groups that can be expensive to insure.
  • Offers accident forgiveness and new car replacement.
  • Offers a rideshare insurance coverage option.
  • Has a usage-based insurance program (SafePilot) good drivers can use to potentially lower their car insurance costs.
  • Not everyone is eligible for coverage.
  • Only offers policies to veterans and active members of the military, plus their immediate families.
  • USAA’s average bundling discount for auto and home insurance is fairly low at only 6%.
  • There are cheaper car insurance options if you’re adding a teen to a policy.
  • Does not offer gap insurance.

Geico
Geico has very competitive car insurance costs for many types of drivers, which makes it worth a look if you want cheap auto insurance.

Rating: 4.5
Average annual cost for good drivers: $1,716
Average annual cost for drivers with a speeding ticket: $2,098
Complaint level: Average
ProsCons
  • Great auto insurance rates for good drivers and also folks who have a speeding ticket, poor credit or were caught driving without insurance.
  • Also offers great rates for seniors and young drivers, who can be very expensive to insure.
  • Offers accident forgiveness.
  • Offers a usage-based insurance program (DriveEasy) for good drivers who want to try to reduce their auto insurance costs based on driving habits.
  • Geico’s car insurance prices for drivers with a DUI are only so-so.
  • You’ll have to look elsewhere if you want coverage features such as new car replacement, a vanishing deductible or rideshare insurance.
  • Geico’s average discount for bundling auto and home insurance is rather low at 8%.

Travelers
Travelers has decent rates overall for many types of drivers. The company also has many optional offerings that can give you better insurance protection, making it a good choice to look at when comparison shopping.

Rating: 4.5
Average annual cost for good drivers: $1,852
Average annual cost for drivers with a speeding ticket: $2,481
Complaint level: Very Low
ProsCons
  • Great price for loan/lease gap insurance at around $39 per year.
  • Offers accident forgiveness and also minor violation forgiveness.
  • Offers a usage-based insurance program (IntelliDrive), which could get safe drivers a discount.
  • Has a very low level of complaints made about it to state insurance departments.
  • Auto insurance costs are on the high side for adding a teen driver to a policy.
  • Average cost for senior drivers is high.
  • Offers rideshare insurance, but only in a couple of states.
  • Travelers’ bundling discount for buying both auto and home insurance is on the low end at only 10%.

Westfield
Westfield has competitive car insurance rates for many types of drivers, very low complaints and a good grade from repair professionals on its collision claims process. Shopping rates from Westfield is worth it if you live in one of the states it operates in.

Rating: 4.5
Average annual cost for good drivers: $1,759
Average annual cost for drivers with a speeding ticket: $2,001
Complaint level: Very Low
ProsCons
  • Offers fairly low cost car insurance for good drivers and also people with an accident or ticket on their records.
  • Also offers good rates for senior drivers and those with poor credit.
  • Gap insurance is available.
  • Has a very low level of complaints made about it to state insurance departments.
  • Received a good grade from collision experts for its collision claim process.
  • Offers various family discounts including a discount for teen drivers in your household and adult children obtaining their own Westfield car insurance policies.
  • Highest average auto insurance cost for drivers with a DUI among the companies we analyzed.
  • Pretty pricey to add a teen driver to your policy.
  • Doesn’t offer new car replacement or accident forgiveness.
  • Only available in 10 states, mostly in the Midwest.

Erie Insurance
Erie has good coverage offerings and a top score for its collision repair claims processes. These advantages offset Erie’s car insurance rates, which can be a mixed bag depending on your driving record.

Rating: 4.0
Average annual cost for good drivers: $2,144
Average annual cost for drivers with a speeding ticket: $2,316
Complaint level: Higher than the industry average
ProsCons
  • Offers terrific car insurance rates when adding a teen to a policy.
  • Reasonable auto insurance prices for those who have been in an accident or for drivers with a speeding ticket on their record.
  • Good for new car owners as it offers gap insurance and new car replacement coverage.
  • Has accident forgiveness and vanishing deductibles.
  • Received a high grade from collision experts on its claim process.
  • It’s easy to budget costs with Erie’s Rate Lock, which keeps your price the same year after year unless you make certain changes to your policy, such as adding or removing a car.
  • Has high average rates for drivers with bad credit.
  • Doesn’t offer a usage-based auto insurance program.
  • Is regional and only available in 12 states.
  • Has a higher-than-average level of complaints made about its auto insurance to state insurance departments. Most complaints against Erie are related to surcharges and premiums.

Progressive
Progressive has terrific pricing for drivers with a DUI and many optional car insurance coverage types to choose from. It has a low level of complaints, which helps offset costs that are only average for good drivers and high for those who have been in accidents.

Rating: 4.0
Average annual cost for good drivers: $2,157
Average annual cost for drivers with a speeding ticket: $2,793
Complaint level: Low
ProsCons
  • Great prices for drivers with a DUI on their records. (USAA is a tad cheaper but eligibility is restricted to military families and veterans.)
  • New car owners can buy gap insurance.
  • Offers accident forgiveness and a vanishing deductible.
  • Offers nonowner car insurance and SR-22 filings.
  • Only so-so auto insurance prices for good drivers, those speeding tickets and those with poor credit.
  • High car insurance costs for drivers who have been in an accident or had a gap in insurance coverage.
  • Senior drivers and young drivers may see high rates with Progressive.
  • Doesn’t offer new car replacement.
  • Good drivers can try out Progressive’s usage-based program (Snapshot) to potentially receive a decent discount. But your rates could go up if your driving score with the program is low. Progressive says rates go up for 20% of drivers who use Snapshot.

State Farm
State Farm’s somewhat competitive car insurance costs and low complaint level make it worth checking out.

Rating: 4.0
Average annual cost for good drivers: $1,959
Average annual cost for drivers with a speeding ticket: $2,311
Complaint level: Low
ProsCons
  • Pretty good renewal discount of 14% on average if you stay with State Farm for at least three consecutive years.
  • Competitive car insurance rates for drivers with speeding tickets on their records.
  • Good average price for adding a teen driver to a parent’s policy.
  • Will file SR-22 forms for those who must have them.
  • Offers a usage-based insurance program (Drive Safe & Save) for drivers willing to be monitored to try to get a discount based on driving habits.
  • A low level of complaints filed with state insurance departments about car insurance.
  • Highest average rates for drivers with poor credit among the companies we analyzed.
  • Mediocre auto insurance costs for good drivers and those with an accident or DUI on their record.
  • Doesn’t offer gap insurance.
  • You’ll have to look elsewhere if you want coverage options such as accident forgiveness, new car replacement or a vanishing deductible.

Summary: Car Insurance Company Ratings

Summary: Car Insurance Company Ratings

What is Car Insurance?

Car insurance is a type of insurance that covers your car and pays for any damages that may occur in the event of an accident or other mishap. It’s important to have car insurance as it can help protect you financially in the event of an accident. Car insurance is also required by law in most states, so it’s important to have it if you plan on driving.

Benefits of Car Insurance

There are many benefits to having car insurance. First and foremost, it’s important for financial protection. Car insurance can help cover the cost of repairs, medical bills, and other expenses that may arise in the event of an accident. It can also help protect you from any legal issues that may arise. Additionally, car insurance can help lower your car payment and can even provide discounts on other types of insurance.

Average Yearly Costs for Liability, Comprehensive and Collision Insurance

Car Insurance

Cheapest Auto Insurance Companies by State

State Cheapest company for good drivers Average annual cost for a good driver
Alabama Travelers $1,176
Alaska State Farm $1,699
Arizona Root $876
Arkansas Nationwide $1,357
California Wawanesa $1,470
Colorado Colorado Farm Bureau $1,531
Connecticut Travelers $1,399
Delaware Travelers $1,525
Florida Geico $2,771
Georgia Auto-Owners $1,439
Hawaii State Farm $1,207
Idaho American National $422
Illinois Mercury $1,388
Indiana Pekin Insurance $808
Iowa Hastings Mutual $604
Kansas Geico $1,022
Kentucky Auto-Owners $1,406
Louisiana Geico $2,484
Maine Concord Group $852
Maryland Travelers $1,930
Massachusetts State Farm $1,283
Michigan Secura Insurance $988
Minnesota American Family $1,597
Mississippi Direct General $1,002
Missouri State Farm $1,699
Montana Progressive $1,234
Nebraska Geico $898
Nevada Geico $1,776
New Hampshire MMG Insurance $828
New Jersey NJM $1,370
New Mexico Nationwide $1,370
New York NYCM Insurance $2,986
North Carolina North Carolina Farm Bureau $930
North Dakota Nodak Mutual $748
Ohio Hastings Mutual $512
Oklahoma Oklahoma Farmers Union $1,686
Oregon QBE $922
Pennsylvania Travelers $1,916
Rhode Island State Farm $1,233
South Carolina Travelers $1,472
South Dakota Allied $1,148
Tennessee Penn National Insurance $1,048
Texas Geico $1,861
Utah Geico $1,230
Vermont Geico $660
Virginia Penn National Insurance $944
Washington Pemco $1,129
West Virginia Nationwide $1,196
Wisconsin Secura Insurance $1,006
Wyoming American National $546

Most affordable states for car insurance

Ranking State Percentage of household income going toward car insurance
1 Hawaii 0.95%
2 New Hampshire 0.99%
3 North Dakota 1.00%
4 Maine 1.10%
5 Vermont 1.10%

Least affordable states for car insurance

Ranking State Percentage of household income going toward car insurance
1 Louisiana 3.01%
2 Florida 2.42%
3 Michigan 2.33%
4 Georgia 2.20%
5 Mississippi 2.20%

Types of Car Insurance

There are several different types of car insurance available. Liability insurance covers the cost of damages you cause to another person’s property. Collision insurance covers the cost of repairs to your car if it’s damaged in an accident. Comprehensive insurance covers damages caused by natural disasters, theft, and vandalism. Uninsured/Underinsured motorist coverage covers any damages you may incur if you’re involved in an accident with an uninsured or underinsured driver.

Factors that Can Influence Your Car Insurance Rates

Several factors can influence your car insurance rates. The type of car you drive, your age, your driving record, and where you live can all influence your rates. Additionally, the amount of coverage you choose and your deductible can also impact your rates. It’s important to consider all these factors when shopping for car insurance to ensure you get the best rate.

Tips for Choosing the Best Car Insurance

When choosing car insurance, it’s important to consider your needs and budget. Start by deciding how much coverage you need and what type of coverage is right for you. Then, get quotes from several different providers to compare rates. Be sure to read the fine print to understand the terms and conditions of each policy. Finally, make sure the company you choose is reliable and has good customer service.

How to Compare Car Insurance Quotes

Comparing car insurance quotes is an important part of finding the best car insurance. Start by getting quotes from several different companies. Be sure to compare the same coverage levels, deductibles, and other factors to ensure an apples-to-apples comparison. Once you’ve narrowed down your list, read reviews and ratings from past customers to make sure the company is reliable.

Once you’ve narrowed down your list of car insurance companies, it’s important to do some research to find the best one. Check the company’s financial ratings to make sure they’re stable and reputable. Additionally, read reviews and ratings from past customers to get a better idea of the company’s customer service and claims process.

How to Get the Best Deals on Car Insurance

Getting the best deals on car insurance doesn’t have to be difficult. Start by raising your deductible, which can often lower your monthly premium. Additionally, look for discounts such as multi-car, good driver, and safe driver discounts. You can also bundle car insurance with other types of insurance, such as home or life insurance, to get a better rate.

Common Car Insurance Discounts

There are several common car insurance discounts that you may be eligible for. Good driver discounts are available for drivers with a clean driving record. Multi-car discounts are available for households with multiple cars. Safe driver discounts are available for drivers who take defensive driving courses or install safety devices in their cars. Additionally, some companies offer discounts for low-mileage drivers or members of certain organizations.

What to Do After You Find the Best Car Insurance

Once you’ve found the best car insurance for your needs, it’s important to make sure you have the right coverage. Be sure to read your policy carefully and make sure you understand the terms and conditions. Additionally, make sure you keep your policy updated to reflect any changes in your situation, such as a new car or moving to a different state.
Finding the best car insurance in 2023 doesn’t have to be difficult.

By understanding the different types of car insurance, comparing car insurance quotes, and taking advantage of discounts, you can find the right insurance for your needs. Armed with the information in this guide, you’ll be ready to find the best car insurance in 2023.
CTA: Ready to find the best car insurance for your needs? Start by comparing car insurance quotes today!

Complaints Against Auto Insurance Companies

Complaints Against Auto Insurance Companies

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular