December is often a good time to shop, as auto insurers set their rates for the next year; buy car insurance every six months or at least once a year. The best time to buy a car. Geico, USAA and Progressive are the cheapest car insurance companies, according to a comparison of car insurance quotes for drivers in all 50 states. The best way to get cheap car insurance is to compare the quotes of several affordable insurers, since you'll be able to select the lowest price for the coverage you need.
You can start your search with WalletHub's selections to find the cheapest car insurance overall and by category, which you can find below. How Geico compares to other popular insurers Geico offers cheap coverage by offering a variety of discounts and selling insurance directly to consumers. For more information, see the Geico review of WalletHub. Until you have a more established driving record, it may be cheaper to stay on a family member's car insurance policy at first.
Liability insurance tends to be the most affordable type of insurance because it offers the most minimal coverage. Statistically speaking, younger drivers and older people are more likely to be involved in an accident, so these groups tend to pay more for car insurance. If you're looking for affordable car insurance from a big company, Geico might be a good place to start. Because providers consider drivers without a recent driving history to be riskier to cover, it's generally more difficult for new drivers to get cheap car insurance.
While USAA's availability is limited, it ranks as the fifth largest auto insurance provider in the United States, according to the National Association of Insurance Commissioners (NAIC). While paying for your car is an exciting milestone, the law itself doesn't affect your car insurance premiums. NerdWallet analyzed the auto insurance rates of 154 auto insurance companies across the country to find the cheapest car insurance for a variety of drivers. By talking to an agent, you can see if you qualify for discounts that don't apply to the online quote process, which can help you get the most affordable car insurance.
Individual car insurance rates also vary based on factors such as your driving history, age, and location. Insurance generally includes the car, so the insurance for the car you're driving will be used in the event of an accident. ValuePenguin calculated the average amount that drivers overpay for car insurance by calculating the difference between the average cost of a minimum coverage policy at all the insurers in the sample in each state and the average cost of the cheapest insurers included in that state's sample. When it comes to the top national providers, American Family Insurance, State Farm, Geico and Liberty Mutual consistently offer some of the cheapest auto insurance.
However, since each auto insurance company has its own underwriting system, the cost of car insurance for each individual will vary from company to company.