There are thousands upon thousands of car insurance providers, but only few companies dominate the market. Bankrate's editorial team examined the coverage options, discounts, customer service scores and financial strength ratings of each company to narrow down the field. They then assigned each company a Bankrate Score. This score is a number ranging from 5.0 to 5.0. It represents how well each scoring category performed.
Geico
Geico is a great choice for those who are looking for affordable car insurance. They offer very affordable rates and don’t employ 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 several discounts, including multi-policy and multi-vehicle discounts. Save 25% on multi-vehicle policies. Geico offers a combination of auto and home policies that can be combined to receive 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. The corporate headquarters of the company is in Bloomington, Illinois. This group employs more than 5,000 people and provides car insurance for individuals, families, as well businesses. The group offers a variety of coverage options to suit every budget.
State Farm car coverage rates are variable depending on the area, age and type of coverage. However, the company offers many discounts that drivers should take advantage of. For example, drivers who aren't involved in an accident in the past five years can qualify for substantial discounts. Defensive driving classes can also be beneficial for those who have been clean for the past year. State Farm offers a Steer Clear program that includes both a driving lesson and a course. This program is available in all 50 states, with the exception of California and Rhode Island.
Progressive
Progressive insurance has been in business since 1975. It is the third-largest auto insurance provider in the country, and it is also the number one commercial car insurer. The company was founded in 1937 by Jack Green and Joseph M. Lewis, and it is headquartered in Mayfield Village, Ohio. It provides insurance for many vehicle types, including cars, bikes, and trucks.
The company also offers a variety of discounts and savings. Progressive's website offers a name-your-price tool that allows customers to choose the monthly payment which suits them best. It will then recommend coverage based on their budget. They also have a telematics program called Snapshot, which monitors a person's driving habits and adjusts insurance rates accordingly. This technology has been shown to reduce insurance costs by an average amount of $146 per the year. If drivers are involved in high-risk accidents, this technology could increase their premiums.
USAA
USAA Car Insurance gives you peace of heart knowing that your car will be protected from theft and damages. The auto insurance company also offers tire changing and roadside assistance. It offers rental car coverage, which is dependent on your coverage. USAA claims that this service can save consumers up to 30% on their auto insurance.
The application process is simple and can be completed online or over the phone. Online applications are faster than offline ones. However, if in doubt, you can call the company to speak with a representative. The agent will ask you questions about your insurance needs and your car's information to make sure you're eligible.
Travelers
Travelers car insurance offers a variety of options, depending on your needs. Standard insurance, Premier New-Car Replacement, and two Accident Forgiveness Plans are available. The latter covers the difference of the actual cash value of the car and the remaining loan amount. However, it is more expensive than bare bones insurance.
Travelers offers discounts to drivers who are good. For example, if your car fleet includes more than one vehicle you will receive an 8% discount. You can also get a discount of three to ten per cent if your bill is paid on time. You may also get a discount if there have been no claims for the past five-years.