top 7+auto insurance quotes - cheap USA car insurance 2023
Best auto insurance quotes - cheap USA car insurance 2023
The Cheapest Car Insurance - 2023
The cheapest car insurance
The cheapest option is likely to be your state's minimum auto insurance requirements, so we focused our analysis on those minimum requirements. In many states, this is a liability-only car insurance that pays for property damage and other people's medical expenses if you cause an accident.
The absolute cheapest rate we found for minimum car insurance averaged $9 per month or $108 per year. But how much you pay for auto insurance depends on what state you live in and how clean your driving record is, among other things.
Here are the cheapest car insurance companies overall, as well as the cheapest options for different types of drivers:
Cheapest car insurance company for good drivers: is State Farm for an average of $37 per month.
Lowest median insurance company: car owners at an average of $28 per month.
Cheapest auto insurance after a ticket: State Farm at an average of $45 per month.
Cheapest auto insurance after an accident: State Farm at an average of $50 per month.
Cheapest auto insurance after a DUI: State Farm averaging $68 per month.
Cheapest car insurance for bad credit: Geico for an average of $73 per month.
If you want the best of the cheapest, check out NerdWallet's roundup of the best cheap car insurance companies.
How do we find the cheapest companies?
The NerdWallet editorial team analyzed minimum auto insurance rates from pricing analysis firm Quadrant Information Services. Our analysis looked at 35-year-old drivers in all 50 U.S. state zip codes and in Washington, D.C. with a variety of driving and credit histories. All drivers had a 2020 Toyota Camry L.
Comprehensive coverage is another alternative but can cost almost $1,500 more per year on average than a minimum annual policy. That's because it includes additional coverages like uninsured/underinsured motorist protection and comprehensive collision damage waiver.
If you have an auto loan or lease, your lender will likely require that you purchase collision and collision damage waiver insurance. These types of coverage pay, among other things, if your car is stolen or damaged in an accident that you cause.
Why you can trust NerdWallet
Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analysis. You can trust the prices we display because our data analysts take rigorous steps to remove outliers and inaccuracies in pricing data, including prices for each postal code in the country where coverage is provided and where the data is available. . When we compare rates for different coverage amounts, age groups, and backgrounds, we change only one variable at a time so you can easily see how each factor affects pricing. Read our methodology.
Cheapest auto insurance company overall: State Farm
State Farm is the cheapest leading auto insurance company in the country for good drivers, according to NerdWallet's analysis of minimum coverage rates for 2023. State Farm's average annual rate was $450, or about $37 a month. The company also earned a 5-star rating from NerdWallet, and you can read our State Farm auto insurance review to find out why.
The cheapest car insurance from the biggest companies
Cheapest Intermediate Car Insurance - Car Owners
Finding cheap auto insurance doesn't mean you have to stick with the big insurance companies. Auto-Owner and Erie, smaller insurers that offer multi-state coverage, have even cheaper car insurance rates than State Farm.
Although availability may be limited, mid-sized insurers can discount the cheapest car insurance rates offered by larger companies. Also, according to a 2022 J.D. Electric Car Insurance Study often satisfied with these companies.
Cheapest car insurance for bad credit: Geico
Your mileage isn't the only factor that can increase your rates. Many insurers also use credit-based insurance values to calculate auto insurance rates. This can make it difficult to get cheap auto insurance with bad credit in many states.
A credit-based score includes the same factors as a regular credit score, such as debt and payment history, but weights them differently. California, Hawaii, Massachusetts and Michigan do not allow insurers to use credit to determine auto insurance rates.
Loans can dramatically affect the cost of car insurance. On average, drivers with bad credit can pay more than $400 more per year than drivers with good credit.
If you're looking for affordable auto insurance from a big company, Geico might be a good place to start. Based on our analysis of top insurers, the company has the lowest average rates for good drivers with bad credit, averaging $870 per year or $73 per month.
However, regardless of your credit rating, you should always look around for the best car insurance rates.
How to find cheap car insurance for new drivers
If you're a new driver, you may find it difficult to get cheap car insurance. Indeed, car insurers consider drivers without recent driving experience as riskier to insure. This group includes those with a new driver's license, drivers whose auto insurance has expired, immigrants and visitors to the United States.
To get the cheapest auto insurance, you need to research every year and compare policies from different companies. If you live with your family, it may be best to keep your policy until your driving record is stronger.
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How to get cheap car insurance
If you want to save money with the cheapest car insurance possible, it is important to compare the offers of several insurers. You can use NerdWallet's car insurance comparison tool to easily find cheap car insurance online. You may find that you already have the cheapest insurance; However, prices are subject to change, so check back once a year.
These tips can help you get cheap car insurance rates:
Ask about discounts. There may be car insurance discounts that you won't be able to take advantage of. For example, you can now work from home and drive less often than when you purchased the policy. Mention it and you could get a low mileage discount.
Review your deductible. A higher overall and comprehensive deductible may be wise if you drive infrequently or are content with financial risk. Raising your deductible means you'll have to pay more out of pocket if you were to file a full or collision claim. But it is a sure way to get cheaper car insurance.
Know when to cut the bridge. Don't be left without cheap car insurance. However, if you're driving an older car, you can probably get rid of comprehensive accidental damage insurance. These types of coverage only pay up to the current market value of your car minus the deductible.
Take advantage of significant life changes. Certain life events could lead to cheaper auto insurance, so look for deals when something serious changes in your life. For example, many companies offer a lower rate for married couples or civil partners. Or maybe you've moved to a suburb with lower accident and crime rates. Even if you've moved to an area where car insurance is more expensive, you can shop around for cheaper coverage.
Review offers once your travel history improves. Buy cheap auto insurance quotes online for three to five years after an accident, traffic, or moving violation. You may have turned in your driving record.