Best Cheap Car Insurance Companies

 

Erie offers the best cheap car insurance

Automobile insurance can easily get expensive, especially a high level high-risk driver or have a very DUI in your record.

If you want the lowest priced auto insurance companies, you need to consider what type of coverage you're getting with the low price. Our expert analysis includes industry ratings to provide a well-rounded portrait of each and every insurance firm to help you make the best option for the family.

These represent the best cheap auto insurance companies of 2023.

Best Cheap Car Insurance Companies

• Best Overall: Erie
• Best for Discounts and Drivers Younger Than 25: Allstate
• Best with a Bad Driving Record: New Jersey Manufacturers
• Best for Safe Drivers: Auto Owners
• Best for Military Families: USAA
• 
  

Best Overall

Erie

Why We Chose It

Erie isn't only convenient and accessible, nonetheless it offers the most affordable automobile insurance rates of 2022. 

Pros and Cons

Pros

• Excellent accessibility

• Extended coverage

Cons

• Limited service area

• No online claims

Overview

Founded in 1925, Erie is usually a Fortune 500 company still based today beyond Pennsylvania. It features a limited reach with service in a mere D.C. and 12 states: District of Columbia, Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin. Combined, over 13,000 agents are offered to aid in your policy. 

With Erie, you can buy several varrieties of auto insurance:

• Comprehensive
• Collision
• Bodily injury liability
• Property damage liability
• Uninsured or underinsured motorist coverage
• Roadside assistance
• Rental-car expense coverage
• New car protection
• Motorcycle insurance
• Pet injury coverage
• Rideshare insurance
• Gap insurance

There are only nine motor insurance discounts available, however are a few of the discounts that matter most. They include signature programs like Erie Rate Lock, which protects your rate from inflation, and Erie Auto Plus, which bundles key services like increased policy limits plus a waived or diminishing deductible option. Young drivers can be helped by quite a number of youth- and student-related discounts, as the family will save when everyone signs on top of Erie for his or her insurance. Discounts honest safe music downloads produce already affordable rates even cheaper. 

When you are going to purchase, it's made easy with internet, phone, and native agent options. 

Erie holds high scores for customer support from J.D. Power, performing especially within the North Central region.

 In addition, it scores high with AM Suitable for financial strength.

BEST INSURANCE FOR DISCOUNTS AND DRIVERS YOUNGER THAN 25

Allstate

Why We Chose It

Allstate has been a long-standing source of support for young drivers, especially due to its wide-ranging coverage and high number of discounts.

Pros and Cons

Pros

• Fantastic discounts

• Expanded coverage

• Multi-faceted roadside support

Cons

• Restricted policy terms

• Poor customer satisfaction

• Roadside assistance costs extra

Overview

Established in 1931, Allstate has its headquarters in Illinois and provides services in all 50 states and D.C.

Allstate offers several types of insurance:

• Collision
• Comprehensive
• Liability
• Medical payments
• Uninsured and underinsured motorist
• Personal injury protection
• Custom equipment
• Personal umbrella 
• Rental reimbursement
• Classic car insurance
• Mexico tourist car insurance
• Gap insurance

Two types of roadside assistance are offered also, for occasional and high drivers, so there's no need to pay any longer than required in your insurance. 

Policies are available in six-month terms, which is often a dilemma for many drivers utilized to full 12-month terms. You might have multiple ways to conserve, e.g, the Drivewise program which utilizes telematics to put your auto insurance rates. A great many other discounts are around for undergraduates with high gpa's, bundling home and auto insurance, and insuring a whole new car, for example.

There're good tools that will help you navigate and then make changes for your policy. In combination with online quotes and phone to support, you've got the option for meeting a neighborhood agent who will work side-by-side along with you to make certain all your concerns are addressed.

Just watch out for the customer satisfaction: Allstate isn't going to score consistently well among J.D. Power rankings, although AM Best deems it financially sound.

BEST INSURANCE WITH A BAD DRIVING RECORD

New Jersey Manufacturers

Why We Chose It

New Jersey Manufacturers (NJM) Group may not be as big as some of its competitors, but it’s the company to choose if you prioritize safe driving.

Pros and Cons

Pros

• Financially sound

• Strong customer satisfaction

• Offers online quotes

Cons

• Limited service area

• Roadside support costs extra

• Mobile app is not for account management

Overview

As being a smaller insurer, New Jersey Manufacturers Group specializes in the rest of a specialized niche than others, with service in barely five states: Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. Still, NJM brings decades of expertise, offering many different insurance products since its establishment in 1913. 

NJM has several insurance products available:

• Liability coverage
• Medical expenses
• Underinsured and uninsured motorist coverage
• Gap insurance
• Collision
• Comprehensive
• Classic and collector car
• Motorcycle and ATV
• Boat and personal watercraft

While online quotes can be obtained, policies must be bought either over the telephone or directly through the licensed insurance agent. To help lower the price of auto insurance, you can find 12 discounts available, offering savings for sets from safe driving to being trainees or starting autopay. However, roadside assistance does come with an extra expense, rendering it much more essential to leverage NJM automobile insurance discounts wherever possible. 

Once you're an NJM client, you possibly can look ahead to highly-rated service from an organization that consistently receives high scores for service delivery from J.D. Power.1 NJM also receives superior ratings from AM Best, signifying strong financial stability and efficient claims processing as it's needed most.4 Policy management, payments, and claims processing can be conveniently done online.

BEST INSURANCE FOR SAFE DRIVERS

Auto-Owners

Why We Chose It

If you are a very safe driver, Auto-Owners could be the excellent auto insurance company for you with best rates and discounts for drivers with no or few accidents.  

Pros and Cons

Pros

• Financially strong

• Exclusive discount programs

• Multiple other discounts

Cons

• No quotes online

• Restricted customer support

• Limited area served

Overview

Established in 1916, Auto-Owners holds its headquarters in Michigan. It's a reduced operation, servicing just 26 states, but there are actually different styles auto insurance available, including boat, ATV, motorcycle, and RV insurance. You can find other kinds of insurance too, including home, life, pet, and flood, to complete your coverage.

 Auto-Owners offers several options for your auto insurance policy:

• Collision
• Comprehensive
• Liability
• Uninsured and underinsured motorist
• Medical payments
• Personal injury protection
• Additional expenses
• Gap insurance
• Rental car coverage
• Purchase Price Guarantee
• Gap coverage
• Diminished value coverage

Auto-Owners provides many strategies to pay on the insurance, offering 11 discounts. There's even the Personal Automobile Plus Package: a mix of a few of Auto-Owners'top services, like identity fraud and mobile phone protection. However, should you prefer a quote for an automobile insurance policies, you need to contact a broker directly for assistance.

Based on AM Best rankings, Auto-Owners is really a financially sound company. What's more, it receives above-average scores from J.D. Power for customer care, defining it as a safe and secure bet, together with an inexpensive one.

BEST INSURANCE FOR MILITARY FAMILIES

USAA

Why We Chose It

USAA is really a membership-based insurance firm for active-duty and veteran military members and families. There are various military-specific resources accessible to benefit from car buying to auto insurance. 

Pros and Cons

Pros

• Fantastic customer service ratings

• Expanded insurance protections

• Military-specific savings program

Cons

• USAA membership required

• No local agent network

Overview

USAA was founded in 1922 and is headquartered in San Antonio, Texas. USAA provides a full menu of insurance coverage to the military community in all 50 states.

USAA presents the following types of car insurance coverage:

• Comprehensive
• Collision
• Liability
• Uninsured and underinsured
• Gap insurance
• Roadside assistance
• Rental reimbursement
• Rideshare insurance

As well as auto insurance, USAA provides other policies including homeowners, life, property, as well as health insurance. If youbundle multiple policies with USAA, you'll save cash with added discounts. Online quotes are offered or contact a realtor to get more assistance. 

In any, USAA has 12 auto insurance discounts. This consists of reduced prices for student drivers, good students, and safe drivers. If your mother and father are USAA policyholders, you can use a legacy discount on your premium. You can also find military-specific discounts, for instance a discount after you store your truck using a military base and discounts during deployment, plus savings for low annual mileage. 

Very small businesses are able to provide the level of customer service and satisfaction that USAA offers. USAA is consistently rated the top provider for customer service from J.D. Power throughout the U.S., although it has a different customer base than most insurance businesses.

Final Verdict

The very best vehicle insurance companies offer extensive coverage, flexible policies, affordable pricing, and award-winning customer service. Dependant on our analysis, Erie is best cheap auto insurance broker as it offers policies which have been affordable, accessible, and versatile to your family's needs. However, Erie services a tiny subject of just 12 states and D.C, so you might have to check other list to discover a company that operates for you.

Guide for Choosing the Best Cheap Car Insurance Companies

Should You Purchase Cheap Car Insurance?

Auto insurance coverage is a requirement for drivers practically in most states. Should you are in an accident, the right auto insurance can look after you, despite who was at fault. You can obtain coverage for accidents with other motor vehicles, people, or objects, and despite having uninsured or underinsured driver. Without auto insurance, you could discover yourself responsible both for financial and legal penalties if you enter a major accident, which could mean paying a big expense out of your personal pocket. 

But what the results are in case you have a smaller pay up automobile insurance? Cheap automobile insurance can often be a gamble you can get a company who has terrible customer care, or worse, inadequate coverage at any given time as it's needed most. Our list of the highest quality cheap automobile insurance companies combines reliable coverage, financial strength, and first-rate customer care at reasonable prices in your family. 

How to Compare Affordable Car Insurance Companies

There are many factors to consider when comparing affordable car insurance companies.

• Coverage: Insurance agencies could vary in the policy they offer. Even though some stick to simply the regular forms like collision and comprehensive insurance, others could go the one step further with a lot more options like gap insurance and rideshare insurance. 
• Cost: Budget might be a determining factor when determining which auto insurance company is right for your needs. We've picked the most cost effective providers for the list.
• Discounts: Many insurance firms offer a number of discounts that could save you money, like savings for starting autopay, being a good driver, or becoming an advanced student.
• Quotes: Certain companies cause it to simple for any quote online; other medication is not convenient.
• Claim submittal: Should you get inside an accident, how easy can it be to submit a claim? Could you submit it on the internet, or would you like to call?
• Policy management: Some companies have better online interfaces than the others, or assist you to consult local agent to go about your policy and claims. Some need mobile apps.
• Ratings: From AM Ideal for financial stability to J.D. Power for customer support, industry ratings will let you determine what to look for from a coverage company.

Selecting a Cheap Car Insurance Company

Before you decide on any automobile insurance company, we strongly recommend bothering to surf your options. Gather and compare automobile insurance quotes from multiple providers to discover the right coverage to meet your needs at the most effective price.

Once you opt for which insurer is right for you, it's the perfect time to get your policy. Some companies will let you get a car insurance coverage online, while other people may need call or visit an agent. 

When you finally get your policy, you might gain usage of an internet based dashboard, and often another mobile app, that will let you make payments, file claims, and manage your policy.

FAQs

Can I Get Cheap Car Insurance If I’m Under 25?

While young drivers under 25 years traditionally face higher car insurance policy rates, you possibly can find affordable rates when you purchase a low cost car insurance policy company. Our list of the most effective cheap car insurance policy companies is a wonderful starting point your search.

What Are the Different Types of Cheap Car Insurance?

Traditional auto coverage include collision, comprehensive, medical payments, and uninsured motorist coverage. High coverage limits and policy additions boosts your price, you will discover many inexpensive basic policies. Make sure to question the particular styles of auto insurance coverage available much more may differ between providers.

Is Cheap Car Insurance Worth It?

You need car insurance, but it doesn’t mean you need to spend a fortune. It is very possible to find comprehensive car insurance at an affordable price, most especially when you shop and compare our picks for the excellent cheap car insurance companies. But be aware that if you are looking for a cheap policy, you will get what you pay for.

How Can I Find Cheap Car Insurance?

Before committing to 1 car insurance policy company, it's always a good option to shop around and collect multiple quotes before investing in a provider; you'll want to peruse this list of accessible discounts with every insurance carrier and ensure of what's obtainable in your state.

All on your own behalf, conserve a clean driving record in order to find methods to increase your credit score. Also, if the business offers different kinds of property insurance, consider bundling your auto and homeowners policies for more savings.

How Much Coverage Do I Need?

When a person looks into vehicle insurance, it's donrrrt forget to remember that a variety of coverage deal with many different damages. When determining the amount vehicle insurance you would like, you initially should verify what your statea required coverage include. Base your decisions where coverages and deductibles you end up picking on age and worth of your car. While such thinggs as GAP coverage and collision/comprehensive sound right for newer vehicles, they don't always provide any real good things about drivers with older, high-mileage cars.

How We Chose the Best Cheap Car Insurance Companies

All of us evaluated 25 insurers and collected thousands of information points prior to buying our top choices. We weighed eight criteria and gave an increased weight to those that have an increasingly significant have an effect on potential customers. 

The highest picks were selected according to factors such as median annual premium (weighted 30%), fairness in pricing methodology (weighted 10%), and regional availability (weighted 15%). We took into mind fridge / freezer which are vital that you buyers including complaint scores, consumer satisfaction reports from J.D. Power and Consumer Reports, and company loss ratios.

For further information about our criteria and process, our complete methodology is available.