5 Cheapest Car Insurance Companies in the U.S. (2024)
Geico, USAA and Progressive are the cheapest car insurance companies, based on a comparison of auto insurance quotes for drivers across all 50 states. The best way to get cheap car insurance is to compare quotes from several inexpensive insurers, as you will be able to select the lowest price for the coverage you need.
Here are the five cheapest car insurance companies in the U.S. for 2024, along with some relevant details about each insurer:
- USAA:
- Average Annual Premium: $1,022
- Specialty: Primarily serves the military community.
- Note: Eligibility is limited to members of the military and their families.
- Geico:
- Average Annual Premium: $1,250
- Specialty: Offers competitive rates for good drivers, senior drivers, and those with poor credit.
- State Farm:
- Average Annual Premium: $1,279
- Specialty: Known for its spotty driving record coverage, including DUI citations, speeding tickets, and accidents.
- Travelers:
- Average Annual Premium: $1,355
- Note: Provides affordable coverage options for various driver profiles.
- American Family:
- Average Annual Premium: $1,383
- Note: Offers budget-friendly policies for everyday driving needs.
Remember that car insurance premiums are personalized and can vary significantly based on individual factors. It’s essential to compare quotes and find the best value for your specific needs.
