If you are looking for cheap car insurance, then it is important to compare car insurance rates among multiple insurers.
According to Forbes Advisor’s analysis, USAA, Auto-Owners, Westfield, Geico, and Travelers are the overall cheapest car insurance companies nationwide.
5 Cheap Car Insurance in the USA
1- USAA Car Insurance is best for the military, veterans, and their families.
2- Geico Car Insurance is also cheap but it is not suitable for people outside of the military. This insurance provides low rates even for poor credit drivers.
3- Auto-Owners is a good alternative and overall third-cheapest auto insurance.
Cheapest Car Insurance Companies of 2023
1. USAA
USAA provides very affordable car insurance costs for good drivers and also drivers with spotty driving records. The average annual cost for good drivers is $1,412 and the Monthly cost is $118.
Pros:
1- This Insurance is best for good drivers and also good for drivers with speeding tickets, accidents, or Dui on their records
2- It provides good prices for drivers with poor credit.
3- Also it provides good rates for seniors and young drivers.
Cons:
1- This Insurance is limited only to Veterans and active members of the military plus their immediate families.
2- If you’re adding a teen to a policy then this insurance is not a good option
3- However level of auto insurance complaints of USAA is at the industry average. You can find other cheap car insurance with lower levels of complaints.
2. Auto-Owners Insurance
This insurance is the best option for drivers who have caused an accident that resulted in property damage or an injury to someone else. and the Average annual cost for good drivers is $1,628 and the Monthly cost is $136.
Pros:
1- This insurance is best for drivers with an accident history.
2- Provides very competitive rates for drivers who have received a speeding ticket.
3- Auto-Owners Insurance provides a pretty good discount of 14% for paying the full amount.
Cons:
1- If you have DUI or poor credits, there are other cheaper alternatives available
3. Westfield
You should go with Westfield which provides good and cheap car insurance for you if it is available in your state. It has a very low level of complaints and good repair professionals. The average annual cost for good drivers is $1,759 and the Monthly cost is $147.
Pros:
1- Westfield Insurance is good for people with accidents on their records
2- This insurance has a very low level of complaints
3- Offers various family discounts for teen drivers
Cons:
1- High cost for drivers with a DUI
2- Only available in 10 states
4. Geico
According to Forbes Advisor, Geico had the cheapest car insurance rates. The average annual cost for good drivers is $1,716 and the Monthly cost is $143.
Pros:
Provides Cheap auto insurance rates for good drivers and also to those who have a speeding ticket and poor credits.
Cons:
Geico’s car insurance rates are not good for drivers with a DUI conviction.
Collision repair professionals gave Geico’s collision repair process only a C- grade.
5. Travelers
Travelers have decent rates overall for many types of drivers. However, it doesn’t provide the best rates in this segment. The average annual cost for good drivers is $1,852 and the Monthly cost is $154.
Pros:
1- Provides cheap auto insurance for drivers with poor credits
2- Very low level of complaints
Cons:
1- High average rates for drivers with DUI convictions
2- The average cost for senior drivers is high
