Cheapest Car Insurance
Your state’s minimum car insurance requirements are likely to be the cheapest choice, so that’s what we focused on when we did our research. This is liability-only auto insurance in many states. It pays for damage you cause to other people’s property and their medical bills if you cause an accident. The cheapest minimum car insurance rate we could find was $9 per month, or $108 per year. But the amount you pay for car insurance will depend on a number of things, such as where you live and how safe a driver you are.
How Can I Get The Cheapest Rates On Car Insurance?
Besides discounts, taking steps to get cheaper car insurance is a great way to get the cheapest car insurance premiums you can get:
Raise your credit score.
Your insurance score is based in part on your credit score. Car insurance companies use your insurance score to determine your car insurance premium. Improving your credit score can have a positive effect on your insurance score, which can help you get a better rate on your car insurance.
Pay up front:
You can get a bigger discount if you can pay your whole premium all at once.
Consider longer terms:
Choose a one-year term with your auto insurance company instead of a six-month term so you can lock in a rate.
Make your record better:
Accidents where you were at fault and other things can make your insurance rates go up. If you clean up your driving record, you might be able to get cheaper car insurance.
Drive an older car.
Compared to a brand-new car, an older model can be cheaper to insure because it is worth less.
Take a defensive driving course.
Often, if you finish a defensive driving course, your car insurance will go down.
The Cheapest Car Insurance Companies:
Cheapest auto insurance from the largest companies:
|
Company |
Average annual rate |
Average monthly rate |
|---|---|---|
|
Geico |
$870 |
$73 |
|
Nationwide |
$912 |
$76 |
|
Travelers |
$1,053 |
$88 |
|
State Farm |
$1,163 |
$97 |
|
USAA* |
$568 |
$47 |
The cheapest midsize car insurance company:
|
Company |
Average annual rate |
Average monthly rate |
|---|---|---|
|
Auto-Owners |
$337 |
$28 |
|
Erie |
$395 |
$33 |
|
The Hartford |
$631 |
$53 |
|
Auto Club of Southern California |
$634 |
$53 |
|
National General |
$693 |
$58 |
Cheapest auto insurance for poor credit:
|
Company |
Average annual rate |
Average monthly rate |
|---|---|---|
|
State Farm |
$545 |
$45 |
|
Travelers |
$695 |
$58 |
|
Geico |
$782 |
$65 |
|
Nationwide |
$849 |
$71 |
|
USAA* |
$412 |
$34 |
How Can A New Driver Find Cheap Car Insurance?
If you just started driving, it might be hard to find cheap car insurance. Auto insurers think that drivers who haven’t driven in a while are riskier to cover. This group includes people who just got their license, people whose car insurance ran out, immigrants, and people who are just visiting the U.S.To find the cheapest car insurance, you should shop around each year and compare policies from different companies. If you live with your family, it might be cheaper for you to stay on their insurance policy until you have a better driving record.
What are some of the risks of getting cheap car insurance?
- Lack of ways to get coverage
- High out-of-pocket costs
- Bad customer service when you need them the most
- When looking for an auto insurance company, you don’t have to choose between quality and price.