While “cheap” is not always the “best”, many insurance companies provide great coverage without breaking the bank. The folks over at Bankrate.com did the research to find the top insurance companies that give you the best bang for your buck.
(The research and statements in this article are from Bankrate.com and are not a direct endorsement of these insurance companies by The Car Chick or Women’s Automotive Solutions, Inc.)
Best Cheap Car Insurance Companies 2019
by Cynthia Paez Bowman
According to our research, the cheapest auto insurers are USAA, Geico, Traveler’s and State Farm. If you are a member of the military or a veteran, USAA is hard to beat. If you are not a member of the military, Geico might be your cheapest option, followed by Travelers and State Farm.
To find the cheapest companies, we compared sources such as The Zebra, US News and the individual company websites. Where the numbers fluctuated, we used an average to arrive at our conclusions. We considered a medium amount of coverage. How much coverage you need will vary according to your state laws, and whether you own your car or are still making payments.
Cheapest Car Insurance Companies
- USAA came in as the cheapest car insurance company with a $966 average annual policy cost.
- GEICO followed as the second cheapest car insurance company with a $1,063 average annual policy cost.
- Travelers ranked as the third cheapest car insurance company with a $1,212 average annual policy cost.
- State Farm is the fourth cheapest car insurance company with a $1,260 average annual policy cost.
- Nationwide is the fifth cheapest car insurance company with a $1,320 average annual policy cost.
- American Family is the sixth cheapest car insurance company with a $1,326 average annual policy cost.
- Farmers is the seventh cheapest car insurance company with a $1,434 average annual policy cost.
- Progressive is the eighth cheapest car insurance company with a $1,492 average annual policy cost.
- Liberty Mutual is the ninth cheapest car insurance company with a $1,512 average annual policy cost.
- Allstate is the tenth cheapest car insurance company with a $1,778 average annual policy cost.