Cheapest Car Insurance Companies in 2022: Rates and Disscounts

What is the cheapest car insurance in the USA? Getting cheap car insurance and meeting liability requirements doesn’t have to be a difficult task. In order for you to avoid high costs for damage to third-party property, here you will find out which are the best companies with cheap insurance for cars in the American market.

While it is true that auto insurance in the United States is mandatory in most states, friendly rates can be found. Let’s see more in detail:

Cheapest Car Insurance Prices

Before showing you this list of companies with which to obtain a cheap car insurance quote, it is worth mentioning that the price of car insurance policies tends to vary from state to state.

I mean… buying a car insurance policy from the same company can be inexpensive in one state.

On the other hand, in another state, acquiring the same policy with the same insurer can have a much higher price. 

But in addition, other reasons why car insurance increases in their rates are:

  • The amount of coverage you want to get for your vehicle.
  • Your age as a driver.
  • The frequency with which you usually drive the vehicle (The more frequently you drive, the greater the probability of risk and therefore the higher the rate of the vehicle policy may be).
  • Your credit history.
  • Your driving record.
  • The price and age of your vehicle.

14 Cheapest Car Insurance Companies USA

Without further ado, let’s start with the list of car insurers in the USA that has the lowest prices:

1. StateFarm – $1,168/ Year

State Farm is without a doubt the largest cheap car insurance in the United States.

In case you doubt it…!

It can cost you an average of $1,168 for your car policy annually, having the advantage that thanks to the fact that it is found in almost every state in the United States, there are many possibilities that there is an agent of this company in the city where you reside. 

Here is a list of the states where it offers car insurance at the lowest prices :

  • Arkansas.
  • Colorado.
  • Connecticut.
  • Florida.
  • Idaho.
  • Illinois.
  • Kansas.
  • Kentucky.
  • Louisiana.
  • Minnesota.
  • Mississippi.
  • Missouri.
  • Mountain.
  • Snowfall.
  • New Jersey.
  • New Mexico.
  • Oklahoma.
  • Tennessee.
  • Texas.
  • Vermont.
  • Wisconsin.
  • Wyoming.

Advantage

  • Multiple discount options.
  • Available in almost all states.
  • Ideal for safe and young drivers.

Disadvantages

  • It has quite a few complaints.

2. GEICO – $1,099/ Year

While State Farm holds the number one spot among the largest auto insurance companies in the United States, GEICO Insurance ranks second, an insurance company with which you can pay $1,099 on average, in order to protect your vehicle for a period of one year.

This company offers cheap car insurance both over the phone, with local agents, as well as online through its website.

Here is a list of states where it is the auto insurer with the lowest prices:

  • Alaska.
  • Arizona.
  • California.
  • Delaware.
  • Florida.
  • Maine.
  • New Hampshire.
  • New York.
  • North Carolina.
  • Ohio.

If you are in any of the states mentioned above, do not hesitate to quote a fee to obtain one of their cheap car insurance.

Advantage

  • Multiple discount options.
  • Mobile app to manage your policy.

Disadvantages

  • It has no gap coverage.

3. USAA Insurance – $875/ Year

USAA is the cheapest auto insurer in the US on this list, but it focuses more on members of the military, whether they are practicing or veterans, as well as family members who may qualify.

Since the price to buy an auto insurance policy can cost $875 for up to 12 months of coverage with USAA, we can say that it is the company with the cheapest insurance price in the United States.

This company is available throughout the United States, so if you meet the requirements to qualify to buy a policy with this entity, it is recommended that you do not miss the opportunity to make your quote as soon as possible.

Advantage

  • Good rating in customer satisfaction.

Disadvantages

  • Not available to all audiences.

4. Erie – $1,191/ Year

In general, terms, when it comes to finding out which is the cheapest car insurance on the market in the United States, without eligibility restrictions as is the case with USAA, the Erie company would undoubtedly be the best option, but unfortunately, it is only available in some states.

With this company, you can find insurance for your car with an annual premium of $1,191.

Here is a list of states where it is available for you to find cheap car insurance :

  • Indiana.
  • Maryland.
  • Pennsylvania.
  • Washington D.C.

Do you usually take your pet in your car? Coverage plans offered by Erie can cover up to $500 in treatment per pet, up to a limit of $1,000.

It should be noted that Erie offers discounts ranging from 16% to 25% for multiple insurance policies. Their discounts usually vary depending on the state.

Advantage

  • A low number of complaints.

Disadvantages

  • Available in very few states.

5. Travelers – $1,250/ Year

One of the best companies where you can buy cheap car insurance in the United States is Travelers. Although it is true that it has a large price difference compared to USAA, GEICO, and State Farm, you can purchase a coverage plan for your vehicle for $1,250 a year according to a publication on the US News portal.

The best part:

When you go to buy an insurance policy with this company you can save through discounts of up to 8% that Travelers offers for purchasing a coverage plan for two or more vehicles.

But also:

You can get up to a 13% discount on your auto policy if you buy a home, condo, or other insurance with Travelers.

Not convinced yet?

Well, if you own a house or condo you could save up to 5% on the coverage plan for your vehicle if you meet their eligibility requirements.

As if that were not enough, this is one of the best providers of cheap car insurance for young people.

The reason is that if you are in high school or college and have at least a B average in your grades you may be eligible for a discount of up to 8% on your coverage plan!

In addition to the above, do not forget to present your good credit history, as this will allow you to obtain cheaper car insurance.

Advantage

  • Good rating in customer satisfaction.
  • Ideal for Texas residents.

Disadvantages

  • Rideshare coverage is available for Illinois and Colorado only.

6. Progressive – $750/ Year

With Progressive Insurance options you can find cheap car insurance plans and save more than $750 a year since their average annual premium is usually around $1,334.

If you are a client of an auto insurer with which you find yourself paying high annual rates, you no longer have to continue paying extra money.

Like Travelers and other insurance companies, you can get a discount for purchasing a bundle of auto and home insurance.

The difference?

In addition to offering auto insurance, this company also offers insurance for commercial vehicles, motorcycles, and motorhomes or travel trailers.

Progressive is one of the most versatile companies when it comes to offering insurance since regardless of whether you are 25 years old or 50 years old, you will receive a price and coverage that is appropriate for your needs based on the risk you have of colliding or having an incident with your car.

Advantage

  • Ideal for those who handle technology.
  • Cover your pet with your collision plan.

Disadvantages

  • It does not have high marks in user satisfaction.

7. American Family Insurance – $1,373/ Year

American Family is one of the best providers of cheap car insurance, allowing both old and new customers to receive premium credit relief of up to 10% between the months of July and December.

According to a US News publication, the annual rate for an auto policy with this company is $1,373.

Purchasing third-party insurance with American Family can be a good option, as it protects you against collisions no matter who was at fault.

Advantage

  • It has various discounts.

Disadvantages

  • Not top-rated by JD Power for user satisfaction.

8. Farmers – $1,451/ Year

Farmers Insurance is another one of the best options for students who want to get cheap car insurance, as they can get good grade discounts of up to 24%!

Although their average rate per year is $1,451, the parents of the students will also be able to obtain this discount, a very appreciable benefit offered by this company.

Advantage

  • It has various discounts.

Disadvantages

  • It doesn’t have the best ratings from JD Power.

9. Friends – $1,447/ Year

For those students who have to travel a fairly long distance from home to school, Amica insurance is undoubtedly one of the best options when choosing cheap car insurance.

If you take out policies for more than one car you can save up to 25% and up to 20% by purchasing a policy for your home and car.

While Amica’s annual premium is $1,447 on average, this company offers students a discount for taking driving lessons and also provides nationwide assistance in case you’ve lost your car keys.

Advantage

  • It has various discounts.
  • Good customer satisfaction.

Disadvantages

  • Not available for Hawaii.

10. Root Car Insurance – $900/ Year

By downloading the mobile app you can purchase cheap car insurance, which includes roadside assistance in each policy.

Do you want to save up to $900 per year on your auto policy? If you answered yes to this question, then Root car insurance is the option you have been looking for.

And as if that were not enough, you can get a discount of up to 10% for having good driving behavior. This good history and driving behavior are tracked through the mobile app.

Advantage

  • Ideal for drivers who need an SR-22.
  • Good customer satisfaction.

Disadvantages

  • Not available for all states.

11. N.J.M. – $1,221/ Year

New Jersey Manufacturers is a car insurer in the United States that used to ensure a very limited group of drivers, but now you can access their cheap car insurance in New Jersey, Connecticut, or Pennsylvania.

Their average annual premium is $1,221, taking into account their great discount options.

Advantage

  • Good track record in customer satisfaction.
  • A low number of complaints from its policyholders.

Disadvantages

  • Not available in all states.

12. Self-Owners – $1,277/ Year

With Auto-Owners Insurance Co enters our list of companies to acquire car insurance with the lowest rates, first because its annual premium is usually $1,277.

The second reason is that thanks to its bundles you can reduce the price of your vehicle coverage plan, not to mention that it has multiple coverage options.

Advantage

  • Many discount opportunities with your coverage bundles.
  • It does not have as many customer complaints as other auto insurance companies.

Disadvantages

  • Not available in all states.

13. Texas Farm Bureau Insurance – $1,361/ Year

Do you have a car to insure and live in Texas? Well, with Texas Farm Bureau Insurance you can buy your policy for an average annual rate of $1,361, but an important fact is that you can join the Farm Bureau for only $35 to $50 a year and thus access your cheap car insurance premiums.

Be sure to quote your coverage plan with the Texas Farm Bureau and ask about your eligibility for discounts, as it is only available to Texas residents.

Advantage

  • Discounts.
  • Low rates on their plans.

Disadvantages

  • Only available for Texas.

14. Shelter – $1,718/ Year

Shelter Insurance is headquartered in Missouri, but also typically covers drivers and other customer profiles in states such as:

  • Arkansas.
  • Colorado.
  • Illinois.
  • Indiana.
  • Iowa.
  • Kansas.
  • Kentucky.
  • Louisiana.
  • Mississippi.
  • Nebraska.
  • Snowfall.
  • Ohio.
  • Oklahoma.
  • Tennessee.

Although Shelter’s annual premium is typical $1,718, other types of coverage and discounts are available. Among your available coverage options are:

  • New vehicle replacement.
  • Income disability coverage.
  • Coverage for accidental death.
  • Gap coverage.

Advantage

  • It has various discounts.
  • It has a bill payment system and online claims.

Disadvantages

  • Not available in all states.

Cheapest Car Insurance in Florida

While GEICO tops the list of cheap car insurance in Miami, Florida: with an annual premium of $923, there are other companies that are worth quoting with to save money if you are in this state, below we show them in the following table:

BusinessYearly fee
GEICO$923
StateFarm$1,160
progressive$3,099
Allstate$4,261

8 Cheapest Life Insurance Companies 2022


Cheapest Car insurance in Texas

The Texas Farm Bureau remains in first place among car insurance in Texas with the lowest rates, since its annual premium for 20-year-old drivers who contract its Full Coverage plan is $2,084, there are still other options to choose from:

BusinessAnnual Premium for the Comprehensive Coverage Plan for Drivers Age 20 and Over
Texas Farm Bureau$2,084
GEICO$2,314
StateFarm$2,959
Houston General$3,132
Nationwide$3,149

Most FAQ

What is The Cheapest Insurance For Cars in The USA?

USAA is the company with the cheapest car insurance prices in the United States, but they are for relatives of members of the military force.

Related Articles

1 COMMENT

Comments are closed.

Related Articles

Latest Articles