The Best Car Insurance Companies of 2024 in USA
Car insurance is something you need, but hope you’ll never have to use. But, if your vehicle is damaged or you cause damage to a third party’s car, you’ll be glad you chose a quality company with the right policy for you. Depending on your coverage, it can also pay for medical bills, funeral expenses, legal fees, and more.
That’s why selecting the right car insurance company goes beyond getting the cheapest premium; it’s the peace of mind that you have the best company to support you when you need it.
USAA is the No. 1 insurance company, based on our data, but it’s not available to members of the general public. For many drivers, No. 2-rated American Family may be the best car insurance company.
Nationwide:
Nationwide is tied with Geico at No. 4 in our rating, with an overall score of 4.1. The company is tied at No. 4 in the Customer Service subcategory, tied at No. 3 in the Claims Handling subcategory, and tied at No. 6 for Customer Loyalty. It finished in the top five in the categories of Most Likely to be Recommended and Most Likely to be Renewed.
- Forbes Advisor Rating: 5.0
- Average Annual Premium: $1,436
- Why We Picked It: Nationwide excels in overall performance, offering competitive rates and comprehensive coverage options.
Erie Insurance:
- Forbes Advisor Rating: 5.0
- Average Annual Premium: $1,642
- Why We Picked It: Erie stands out for collision repairs, providing excellent.
Travelers:
Travelers maintains its position from last year in our rating: No. 6, where it’s tied with four other insurers. The highest spot Travelers occupies in any of the subcategories included in our rating is a tie at No. 4 in Customer Service. It finished seventh in Claims Handling, sixth in Customer Loyalty, and last in the Most Likely to be Recommended subcategory
- Forbes Advisor Rating: 5.0
- Average Annual Premium: $1,521
- Why We Picked It: Travelers caters well to new car owners, offering competitive rates and reliable coverage.
USAA:
USAA is the No. 1 insurer in our rating of the Best Car Insurance Companies. Our results placed the company at No. 1 in many subcategories we looked at, including Customer Service, Most Likely to be Recommended, and Most Likely to Be Renewed. USAA finished second to American Family in the Claims Handling scores, and is tied with American Family in the Customer Loyalty subcategory.
- Forbes Advisor Rating: 5.0
- Average Annual Premium: $1,364
- Why We Picked It: USAA is an excellent choice for military members and veterans.
Progressive:
Progressive is No. 10 in our rating of the best car insurance companies. In the Customer Loyalty subcategory, it finished No. 10. In other subcategories it performed a bit better, but was still in the bottom half of the ratings for each. Our analysis has Progressive at No. 8 for Customer Service, No. 7 for Claims Handling, and No. 9 in Most Likely to be Recommended.
- Forbes Advisor Rating: 4.5
- Average Annual Premium: $1,826
- Why We Picked It: Progressive is a solid option for drivers with a DUI.
