State Farm receives above-average scores in each of our subratings, including Claims Handling and Customer Loyalty, and is ranked second in our rating. It also performed well in our ranking of the cheapest auto insurance companies of 2022. Its average prices for drivers with less-than-spotless records were the lowest in our ranking for individuals who were unable to obtain an insurance from USAA.
What sort of vehicle insurance is the most affordable?
Cheapest Car Insurance Coverage – is the cheapest sort of auto insurance and the minimum level of coverage mandated by the majority of states. In addition, the majority of auto insurance quotes give quotations for full coverage for people who want a higher degree of protection.
| Car Insurance Company | Monthly Cost Estimate | Annual Cost Estimate |
|---|---|---|
| USAA | $28 | $333 |
| Auto-Owners | $29 | $349 |
| Erie | $38 | $459 |
| Geico | $39 | $468 |
| State Farm | $45 | $543 |
| Nationwide | $51 | $613 |
| Progressive | $57 | $687 |
USAA, Erie, and Nationwide have the least prices for a comprehensive auto insurance policy. Those seeking affordable vehicle insurance with complete coverage might explore the following companies:
| Car Insurance Company | Average Monthly Cost Estimate | Average Annual Cost Estimate |
|---|---|---|
| USAA | $97 | $1,168 |
| Nationwide | $108 | $1,297 |
| Erie Insurance | $111 | $1,337 |
| Geico | $113 | $1,360 |
| Auto-Owners Insurance | $124 | $1,490 |
| State Farm | $125 | $1,497 |
| Travelers | $131 | $1,574 |
| Progressive | $148 | $1,773 |
| Allstate | $193 | $2,312 |
| Farmers | $193 | $2,317 |
The lowest auto insurance rates might be significantly cheaper or higher than the national averages we’ve previously mentioned, depending on the state in which you reside. Additionally, the cheapest provider in each state differs significantly. In the sections that follow, we highlight the vehicle insurance companies who offer the cheapest minimum liability and full coverage prices in each state.
Jerry will receive the lowest costs from both conventional and non-conventional carriers.” WHY YOU CAN TRUST JERRY Our material is independently researched, produced, and fact-checked by a team of editors and agents, notwithstanding Jerry’s partnerships with more than 50 insurance firms.
Is Geico more economical than Liberty Mutual?
Geico provides the most affordable rates for young drivers. Geico has an even more competitive pricing advantage for young drivers. A motorist aged 18 pays 42% less for an insurance with Geico than with Liberty Mutual. This is an annual savings of $2,182 on average.
Geico is particularly affordable for young drivers seeking comprehensive auto insurance. A insurance from Geico costs $3,854 per year, which is $3,078 cheaper than a policy from Liberty Mutual. Nevertheless, both insurers are less expensive than the national average for 18-year-olds, which is $7,396 annually.
Insurers perceive young drivers, particularly adolescents, to pose a significant accident risk. Always check quotes from various insurers to locate the greatest insurance coverage. Young motorists might also consider adding themselves to their parents’ vehicle insurance coverage.