Many discounts available
In this highly competitive industry, Erie maintains some of the lowest prices. This veteran auto insurance company from Pennsylvania is a perfect example of how to preserve your status through customer-friendly practices and constant discounts.Read full review
High degree of customer confidence
Unmatched in its reach of service with over 18,000 agents across the 50 states and featuring some of the best insurance rates, State Farm provides what other firms simply cannot. The company provides coverage to millions of people, attracting both experienced and young drivers with low costs and a wealth of different discountsRead full review
Great variety of discounts
Virtual AI assistant
Exceptional mobile app
Geico easily offers one of the best auto insurance services in the country. With a wide variety of possible discounts, lower-than-average premiums and superb platform that features a modern AI assistant, it is an easy choice for any driver looking for the trifecta of good prices, quality coverage options and financial safety.Read full review
Free online quote
Wealth of experience
The oldest auto insurance company in the country enters the third decade of the 21st century with a service that’s dedicated to personalized customer choice. With a great free online quote process to calculate your personalized policy, and with such a large variety of discounts, almost anyone can find a good deal when insuring their car with Amica.Read full review
Great variety of discounts
World-class customer support
Even with higher-than-average rates Allstate provides one of the most complete services available right now. This is a true example of a nationwide company focused on quality, whether we are talking about customer service, discounts or coverage options. If you are looking for a safe auto insurance choice, regardless of the state you live in, Allstate should be a real consideration.Read full review
It’s an understatement to say that Americans love their cars. A personal vehicle has long been considered the biggest symbol of individual freedom, which is why cars have become so ingrained in a culture built around the very same idea.
The automotive industry is now the largest manufacturing sector in the US. There are almost 300 million vehicles on the road and the number of car insurance companies is on the rise. Many of these companies provide a solid service. But only a select few offer services at the highest level, with the best prices, discounts and a high degree of customer confidence.
Our reviews are focused on key elements that impact the driver. Each review contains four crucial categories that define a great auto insurance firm.
The best auto insurance company requires a strong financial pillar in order to cover the claims of its customers. Any insurance carrier can offer you out-of-this-world discounts and pricing plans on paper. But that means nothing if they can’t deliver when you need it most. Our reviews will therefore give more favorable ratings to financially sound agencies, offering a stable choice for customers.
Auto insurance companies operate in a highly competitive market, and every provider will likely offer you a different quote on your premium. Quotes can vary based on numerous factors, such as your location, the condition of the car, driving history, credit score and others. Despite the unknowns we can still track median prices, and look at discounts that these carriers offer in order to identify the best ones. Companies with low pricing plans and customer-friendly discounts received a higher rating.
Having competitive prices and discounts is important, but providing a wide range of features is equally crucial in securing a spot among the top car insurance companies. Leading carriers provide their services on a nation-wide scale while offering plenty of options to build a policy tailored exactly to your personal needs.
While some insurers boast about the impeccable quality of their services, the true barometer of this quality remains in the hands of the customer. That is why our last rating category is reserved for customer feedback, and why we place so much impetus on businesses with good customer service.
• State Farm
Founded in Pennsylvania all the way back in 1925, Erie Insurance is one of the oldest and most-known insurance companies in the US. Almost a century after it all started, this veteran firm is still providing impeccable service and expanding to include a wide range of insurance types. But all these years later, has the company kept in touch with its roots, and does it still offer stellar car insurance services?
Erie Insurance is still among the highest rated insurance companies when it comes to financial strength. A.M. Best Rating Services gave Erie an A+ (Superior) rating. That means the company has more than enough capital to cover customer claims.
While quotes vary depending on your state or factors like your driving history, Erie Insurance has some of the lowest premiums available. Compared to the averages of other top competitors, its quotes can be lower by as much as 40%. Those offers would save you up to $100 each month. You can get a state minimum cover for around $450 with Erie, and full coverage for slightly more than $1,500, which is a couple hundred dollars lower than the next best auto insurance deal available. Erie also features a great rate lock. The problem with the company’s service is that it is limited to only 13 states. But if you reside in these parts of the country, Erie should be one of your first considerations.
Moreover, the several discounts available drive costs even lower. Drivers can reduce their premiums by bundling multiple policies together, or by buying policies for additional vehicles. You can also get one of the best car insurance deals if you pay a year’s worth of insurance upfront, or your monthly mileage is low. Finally, if your driving history shows that you are a safe driver, or you own a car with safety equipment like airbags you can negotiate a lower Erie auto insurance quote. The same goes for good students and young drivers who are still living with their parents.
Erie Insurance provides all common and affordable car insurance coverage options like liability, collision, comprehensive, uninsured/underinsured motorist and personal injury protection. The company also goes beyond the norm with a wide array of special coverage options.
For instance, if you have a good safety record with Erie Insurance, the standard policy includes the Accident Forgiveness coverage that will ensure your rates remain the same after your first at-fault accident. Standard policy also includes the Pet Injury option, which offers up to $500 for pets injured in an accident. It even has Personal Property coverage, which grants up to $350 for personal property inside an insured vehicle.
Other special types of automobile insurance coverage include Windshield Repair, which involves Erie waiving the deductible to fix it in case it does not need to be replaced. There is also Gap Coverage that pays the difference between your car’s replacement cost and what you have left on your lease or loan in the case of total loss. Another useful option for a totaled car is New/Better Car Replacement in which Erie pays the difference for you to upgrade to a newer model. Meanwhile, Roadside Assistance coverage pays for towing and other roadside assistance. If you opt for comprehensive coverage, you can also get a Rental Car/Transportation Expenses feature that will cover the costs of a rented car while your vehicle is being repaired.
Erie is one of the few companies that holds a perfect 5-star rating from J.D. Power, even winning the marketing firm’s 2018 award for the best car insurance provider in the US. However, customers rate the company lower, giving Erie a 3.3-star rating with ConsumerAffairs. This is a relatively decent score considering that its based on just 163 ratings. Customers praised the company’s cheap premiums, discounts and the quality of overall service.
Nearing its hundredth year in the auto insurance business, Erie stands as an example for all the newcomers on how to get to the top and stay there. In such a highly competitive industry, Erie Insurance managed to maintain some of the lowest prices while offering a wide range of coverage options. It is therefore more than deserving to be notably mentioned among the top 10 car insurance companies as we go into the new year.
Reasons to buy
Many discounts available
State Farm has been serving customers since 1922. Since then, it has evolved into the largest auto insurer in the US. It operates in all 50 states and provides coverage to millions of people across the country, attracting both experienced and young drivers with low costs and a wealth of different discounts. As we begin the next decade of the century, State Farm is still among the very best that the industry has to offer. But does it rate compared to everyone else?
If we were to judge solely based on financial strength and stability, State Farm would undoubtedly be the best car insurance company in the US. It holds the highest A++ rating with A.M. Best Rating Services and has over $241 billion in assets, making it a safe choice for absolutely anyone.
State Farm begins lagging behind the competition with its insurance quotes, offering slightly higher premiums. Prices will always vary depending on where you live and what your driving record is but you can expect to pay slightly more for even the most basic coverage. However, State Farm mitigates this through a variety of discount options that bring car insurance rates down substantially.
You can bundle your auto insurance with another of the company’s policies, or get lower rates through the Drive Safe & Save program that monitors your driving habits. State Farm is also among the few insurance firms that tailors several discount options to young drivers, allowing good students and those that complete a refresher course online to save more.
When it comes to coverage, a top car insurance company like State Farm unsurprisingly provides all the standard car insurance options. These include liability, collision, personal injury protection, uninsured/underinsured motorist and comprehensive coverage. But there are some optional add-ons that aren’t found among the competition. For example, State Farm offers rental car and travel expenses coverage, which is unique in that it covers meals, lodging and transportation in case your vehicle breaks down on the road. The company will pay up to $500 in travel expenses for all covered individuals.
However, this option is only available after incidents that fall under comprehensive or collision insurance.
State Farm also reaffirms its position among the top rated insurance companies by providing a rideshare insurance coverage. This is a great option for Uber and Lyft drivers that extends personal car insurance to cover clients while they are working. It must be noted that the option increases the premiums substantially, but is worth it if you are spending multiple hours each day on the road.
State Farm is the largest insurer in the US and has an impressive record when it comes to customer satisfaction. J.D. Power gives it an overall 3-star rating, but it holds a 4-star rating from customers on ConsumerAffairs – a ranking based on an impressive 2,642 reviews over the past twelve months. The quality of the company’s online car insurance platform, massive safe driving discounts and the basic coverage package are often lauded as the biggest positives.
State Farm still leads the industry. It is one of the most trusted auto insurance companies and possibly the strongest carrier available. Unmatched in its reach of service with over 18,000 agents across 50 states and featuring some of the best insurance rates, State Farm provides what other firms simply cannot.
Reasons to buy
High degree of customer confidence
The second-largest insurer in the US, Geico shows no signs of wavering after serving its customers for over eight decades. With some of the lowest premiums on offer, commitment to technological innovation and the financial backing of Warren Buffet’s Berkshire Hathaway, Geico is a clear contender for the top spot in online auto insurance.
Geico holds the highest A++ rating with A.M. Best Rating Services, and is considered among the few completely stable insurance companies in the US. This is only strengthened further by the fact that Geico is a wholly owned subsidiary of Berkshire Hathaway, and with $32 billion in assets is more than able to meet all of its financial obligations.
Geico is not only a massive, financially sound auto insurer, but also offers some of the cheapest and best auto insurance rates. Naturally, certain variables and factors will influence the quote you receive from the company. For instance, an average Geico quote may prove to be quite pricey if you already had an at-fault accident on your driving record. Other than that, it is not unusual to save a few hundred dollars each year just on basic coverage.
This is in large part made possible by the fact that the company has a really good auto insurance discount selection, with over 30 different ways to reduce your premiums. For instance, having an airbag can save you up to 25%, and the same goes for an anti-theft system or if you take out a multi-vehicle policy. Using a seat belt consistently can lower the premiums by 15% and bundling your auto insurance with another Geico policy can cut the rates down by a quarter. The company also awards good students and US military members with additional discounts, making it one of the most customer-friendly carriers available.
Geico features all the standard coverage options like liability, collision, comprehensive, personal injury protection, gap insurance and uninsured/underinsured liability coverages. It also competes with other best insurance companies by offering plenty of less-common options, most notably the Mechanical Breakdown Insurance that pays for some repairs on newer vehicles with fewer than 15,000 miles. Geico has an Accident Forgiveness coverage option that ensures your rates don’t increase after your first at-fault accident, and this option can be either purchased or earned through good driving for five years or more.
The company also provides Rental Reimbursement that covers costs for a rental until your own vehicle is repaired, and even offers Uber and Lyft drivers Ridesharing coverage to combine personal and rideshare insurance under one policy. All in all, this is definitely one of the more feature-heavy offers available.
Geico is among the top rated auto insurance providers when it comes to customer satisfaction and the number of complaints. The firm was awarded a 3-star rating overall from J.D. Power and consumers rate it even more favorably. Geico currently holds a 4-star rating on ConsumerAffairs from 3,225 reviews. Customers usually praise the company for its online quoting system, mobile app and annual savings.
We can confidently recommend Geico to anyone looking for vehicle insurance. The company offers one of the best insurance services in the country. With a wide variety of possible discounts, lower-than-average premiums and a superb platform that features a modern Geico online AI assistant, it is an easy pick for the best three auto insurers in 2020.
Reasons to buy
Great variety of discounts
Virtual AI assistant
Exceptional mobile app
Amica is the oldest name in the auto insurance business. Its operations date all the way back to 1907 in Rhode Island. During the last 113 years, it became one of the best rated auto insurance firms, expanding its operations nationwide, while being consistently praised for user-friendly practices. But have all these years somehow eroded the qualities that Amica stands for? Or is the firm more like fine wine, getting better with age?
Amica Insurance is one of the largest and more financially stable companies on the market. It has an A+ rating with A.M. Best Rating Services and is considered to be a safe choice for customers, possessing a superior ability to settle any claim.
This carrier prides itself on a highly-customizable business model, making it difficult to gauge median prices. Nevertheless, overall data shows that the company generally has some of the best car insurance rates available. You can get a free Amica auto insurance quote estimate on the website. Once you fill in all the necessary information and receive a quote, you able to adjust coverage limits and deductibles.
Even greater room for customization is found within the Amica discount selection. The company goes well above industry standards by offering discounts to drivers that have adaptive headlights, those who choose to receive bills online rather than via mail and to those that install a forward-collision system. There are also discounts for bundling policies together, for loyalty, good driving and setting up an auto pay account.
What makes Amica one of the very best rated car insurance firms is the flexibility it offers the customer. Nowhere is this more evident than when choosing a personalized coverage plan. The costs are clearly outlined based on a wide variety of options, making it very simple to create your own plan.
Other than the standard options like liability, collision, comprehensive, uninsured/underinsured motorist coverage, there are a number of rare options. Some of those include full glass coverage which can replace your windshield or any other broken glass on your vehicle. In line with the other top rated auto insurance companies in 2020, Amica also features a rental reimbursement option to pay for your car rentals while your insured automobile is being repaired. There is also the towing option and labor costs when your vehicle breaks down on the road. If you your keys are lost or stolen, you can also make use of the company’s Free Lock Replacement option.
When looking at customer satisfaction rates, Amica is on an extremely short list of car insurance companies. J.D. Power bestowed a 5-star overall rating on the company. But customer ratings on ConsumerAffairs point to a dichotomy in the figures, with the firm receiving a mere 1.5-star rating. We must note that there were only 60 Amica auto insurance reviews counted in the past year, which is almost negligible, but certainly not to be ignored.
The oldest and possibly still the best company for car insurance in the country enters the third decade of the 21st century with a service that is dedicated to personalized customer choice. The nifty free online quote process will give you direct information about your premiums, while the variety of discounts guarantee a good deal when insuring your car with Amica.
Reasons to buy
Free online quote
Wealth of experience
Allstate was founded in 1931 by World War I general George Wood, who is perhaps even better known as the creator of Sears. Based in Illinois and available across all 50 states, it is now one of the largest top 10 auto insurance companies in the US. But how well does this veteran fare in today’s innovative and competitive landscape?
From a financial standpoint, Allstate is just as strong as everyone else in 2020. This is a huge company with over $100 billion worth of assets and a long history of honoring its financial obligations to policyholders. With a superior A+ rating from A.M. Best Rating Services, it is one of the carriers with the most favorable credit outlook in the US.
Premium car insurance quotes will certainly vary depending on a number of factors including your vehicle’s age and your driving record, so it is impossible to give an exact number. Nevertheless, our data shows that Allstate is definitely a bit pricier than some of the competitors. The state minimum coverage may cost you up to $100 more than the cheapest options available, but the company does its best to offset this through a variety of discounts.
The most notable of these is definitely the discount for unmarried drivers and students under the age of 25 who maintain good grades or have completed a teenSMART driver education program. Auto insurance quote comparison data indicates that young customers can get a premium some $500 below the median average.This makes Allstate’s deal highly appealing to anyone in that age group.
Additionally, the company provides all common discount options like multiple-policy or safe driver discounts. It also has a number of less-seen options like eSmart discount for policyholders who choose to get all their bills and documents online. There is also a notable EZ pay plan discount for those that set up an autopay option for their premiums, as well as a FullPay discount for customers who pay the whole annual premium upfront.
The same high level of service extends to all available auto insurance coverage options at Allstate. The company provides a great list of common and not-so-common optional add-ons for your policy. From standard ones like liability, comprehensive and collision coverage options, to accident forgiveness, safe driving bonuses and deductible rewards for each violation-free year. Allstate will also extend auto insurance to drivers who use their cars to travel to Mexico, and offer a discount of up to 3% to customers using its Drivewise app.
This mobile app analyzes your speed and breaking behaviour and can even earn you an additional 15% price cut after your first 50 trips and every six months you drive safe afterward. If you aren’t happy with how a claim was handled, Allstate also provides a claim satisfaction guarantee that comes free with all standard policies and issues up to a six-month credit on your premium. This is one of the more customer-oriented packages available.
For a nationwide company of its size, Allstate has some of the highest auto insurance company ratings for customer satisfaction across all websites. Customers on ConsumerAffairs applauded the company’s outstanding 24/7 live support system and its great track record, awarding Allstate with an above-average 3.8 rating based on 1,411 reviews. Similarly, J.D. Power listed the company in third place when it came to customer satisfaction rates, awarding it 4 out of 5 stars.
Even with higher-than-average rates Allstate provides one of the most complete services available right now. This is a true example of a nationwide top 10 car insurance company. Whether we are talking about customer service, discounts or coverage options, the company’s core focus is quality. If you are in the market for a safe auto insurance company anywhere in the US, give Allstate a try.
Reasons to buy
Great variety of discounts
World-class customer support
Auto insurance is a contract between the policyholder and the insurance company, in which the company agrees to pay losses defined within the policy as long as the policyholder pays the agreed premium. These premiums are usually paid on a monthly basis. But if you have the funds you can also pay six to twelve months in advance, saving you money in the long run. In case your car gets damaged or stolen, your insurance providers will help cover the costs based on the coverage and limits you choose.
There are different categories of auto insurance, and each of them covers a different risk that comes with being a driver. The most-common types of coverage that you can get with your insurance are:
Bodily Injury Liability
This type of coverage applies to injuries that the policyholder or family members listed on the policy cause to other people while driving. You are covered by this auto insurance policy even when driving someone else’s car with their permission, but please note that state-required minimum limits are not always enough to pay for medical expenses. If you are in a serious accident that results in serious injuries of another person, you may get slapped with an expensive lawsuit. As such, many people opt for additional coverage.
Property Damage Liability
This covers any damage that policyholders or people driving their car with permission may cause to someone else’s property. The damage covered are usually confined to another car but this auto insurance liability coverage can also extends to other infrastructural damage.
Personal Injury Protection (PIP)
PIP covers medical expenses for injuries that the driver or any other passenger in the car sustains in an auto accident, regardless of who is at fault. It can also cover injuries that you or your family members suffer while riding in other vehicles, lost wages, the cost of replacing services normally performed by a person injured in an accident and funeral costs.
This coverage pays for the damage that the policyholder’s car suffered from a collision with another car, object like a guardrail, or even due to potholes or as a result of flipping over. Car insurance providers cover repairs to your vehicle after you pay a deductible, usually ranging from $250 to $1,000. Collision coverage will reimburse the policyholders for car repairs even if they are at fault for an accident. If the policyholder is not at fault, the insurance company may try and recover the amount it paid from the insurer of the other driver involved in the accident.
Comprehensive coverage is also known as “other than collision” coverage. It offers reimbursements for damages caused to the vehicle by something other than a collision with another car. For example, it covers falling objects like tree branches, fire, missiles, earthquakes, hail, floods, vandalism and riots or collision with animals. Top rated car insurance firms usually pair comprehensive coverage with a deductible that ranges from $100 to $300, but you can always choose to pay more in order to lower your premium.
This covers injuries and property damage to the policyholders, their family members or a designated driver if they are hit by an uninsured motorist or one lacking the necessary insurance to cover the injuries or damage caused. The policy also extends to hit-and-run accidents.
Roadside assistance is an optional coverage that helps the policyholder tow or service their car when it breaks down. The best car insurance companies typically partner with a network of businesses that get dispatched to your location in case of a vehicle malfunction. Roadside assistance generally adds things like towing, flat tire or battery service, fuel delivery and extrication to your policy.
This is also optional coverage that good car insurance carriers often provide. It provides you with a rental car for a nominal premium, and helps you stay mobile until the repairs on your vehicle are complete.
Every insurance company uses a different formula to create the quoted premium, and coverage prices not only vary from state to state, but are subject to change due to a variety of factors. It is also not unusual to get completely different offers from all the carriers you contact since competition drives the industry in a bid to lure customers with better deals and discounts. This is one of the reasons why even the best rated auto insurance companies have a considerable number of customers switching to other carriers and seeking better offers.
Factors affecting premiums:
• Driver profile
• Driving history
• Car type
• Credit history
• External conditions
In short, these are the factors that make all the difference. For instance, you may see a rise in premium because you purchased a newer or more expensive car, started insuring a teen driver, or live in a region where hurricanes have generated lots of car insurance claims. Premiums may also rise if you were involved in an accident where you were at fault, or when your credit score gets too low. It is always best to ask your insurance company to disclose the information about potential increases due to these factors, because the staff will most likely not provide you with the details on their own.
Some discounts being offered by good insurance companies are far more common than others. Before you decide on a purchase, you should be aware that if any of these discounts can prove to be helpful to you it might not be that hard to find a carrier that offers it.
Good driver discount
This is a highly common discount that becomes available to drivers who have no at-fault accidents and traffic offenses in a period of 3 to 5 years. This discount usually reduces your premium by 20 to 25%, making it a great motivator to keep driving responsibly.
Defensive driving discount
This discount becomes available to drivers who take a defensive driving course from a certified school, and is mostly targeted at senior drivers. Some states set age requirements (for instance, New Mexico prohibits discounts for drivers under 50), but this is not always the case and even younger people can make use of it sometimes. The average discount among the best auto insurance carriers hovers around 5%, but there are places where it can reach 10%.
Low mileage discount
If you are driving your car less frequently, you can get a price reduction because you are reducing the risk of accident that comes from being on the road. This option can save you a lot of cash on your insurance premium, but you cannot exceed 7500 miles per year to be eligible. The average savings across all the highest rated auto insurance firms will range anywhere from 3% to 10%, but they can increase if you stick with other regulations and rules.
Safe driver discount
This discount option is often the same as the good driver discount, but not always. It is mostly awarded to drivers who wear seatbelts or abide by speed limits. Some insurance companies do not even offer this option. Others call it different names and the requirements vary from provider to provider. For instance, certain companies will require you to have a spotless record, while others may issue the discount even if you have a traffic violation in your driving history.
Everyone knows that teen drivers and young students pay the highest auto insurance rates due to the fact that their inexperience leads to a large number of car accidents. Still, there are ways that students can get a discounted price, mostly by working hard to get good grades. You usually need to maintain a 3.0 or higher grade point average, and you can save a few hundred dollars per year. However, if your grades drop the discount can be removed.
The discount is the most common option available and allows you to bundle your insurance policies with the provider to get a lower overall car insurance quote on your premium. People mostly bundle home and auto insurance, but other popular choices are life, renters’, motorcycle and boat insurance. This is one of the biggest and best discounts on offer because the purchase of multiple policies is highly lucrative for insurance companies.
The fact that auto insurance is a legal requirement leads many to forget about its obvious benefits that wouldn’t otherwise be available. First of all, comprehensive coverage will reimburse you in full if your car gets stolen, or if you collide with an animal. It also covers flood, fire or weather damage. Finally, comprehensive insurance covers damages caused by riots, vandalism or falling objects like tree branches.
Your primary coverage will generally extend to a rental vehicle, but it is always better to call your automobile insurance provider and your credit card company to check the terms of your policy. If you cause an accident while driving a rental car, your liability insurance pays up to your policy limits for the damages to other cars or property, while collision coverage pays for any damages to the rental vehicle. If you have comprehensive coverage, non-accident related issues like vandalism and theft will also be paid for by the insurance company.
The top insurance companies will definitely reward drivers paying their auto insurance premiums upfront for a full year. Not everyone, especially the younger generation have access to funds needed for this option. However, drivers capable of paying their auto insurance in full will save a nice sum in the long run. The option to pay in full can also be useful to people with a lower credit score since they have a harder time getting accepted for a monthly plan with an insurance agency. The downside of this approach, other than having to pay thousands of dollars upfront, is the fact that it’s bad for those drivers that move from the state within that one-year period, as reimbursements on policy cancellation can take a while.
Car insurance generally has no affect on your credit score. This is because all the best insurance companies for auto coverage bill customers in advance of providing coverage. This process helps them avoid any risk. Carriers report neither positive or negative information to credit bureaus, but simply cancel the insurance policy in a period of 10 to 20 days after a missed payment.
Suspending your insurance coverage is possible and can save you some money if you are planning to go on vacation for a few months. But there is a degree of risk involved and certain requirements. Firstly, even the best auto insurance companies will not allow you to pause or stop the coverage if you are still paying off your car loan. If your car is already paid off, then you must consider the fact that suspending insurance coverage may lead to a lapse in your insurance history and higher rates in the future.
Drivers who are continuously insured get better rates than drivers with coverage gaps, so it is something that you should definitely keep in mind before making a decision. If you still wish to suspend, cancel or reduce your coverage for a period of time, make sure to check that your insurer agrees to restart the coverage on the same insured risk basis as before.