It’s often said nothing in life can be certain except death and taxes. For drivers, you can add car insurance to that list. In nearly every state, laws and regulations require drivers to carry some form of auto insurance. On top of that, if you have financed your vehicle, the financing company probably requires that you carry coverage, too. Even if you’re not required to carry car insurance
Please be aware that the rates shown here are a simple average taken from representative driver profiles, so your rates may differ. Cheapest Car Insurance Companies
USAA is the cheapest car insurance company, and it offers the lowest car insurance rates in the country, according to our analysis. This insurer has a low representative rate of just $885 per year, which is nearly $300 less than the next cheapest insurance company in our study. USAA has the lowest study premiums for nearly every driver profile we analyzed, and even when it wasn’t the absolute cheapest, it wasn’t much more expensive than its cheaper rival.
State Farm is the third-cheapest car insurance company in our study. With an annual representative rate of $1,234, State Farm is cheaper than the national average. According to our analysis, this insurer is a great option for representative profiles with less-than-stellar driving records. State Farm’s study rates are well below the national average for the profiles with a speeding ticket or an accident. This insurer was the cheapest of all for the profile with a DUI.