10 best car insurance companies of February 2022 (with costs)

We consider coverage, pricing, and customer satisfaction ratings to find the best car insurance, providers

The best car insurance companies on the market don’t just offer great coverage and affordable payments. They also have a simple claims process, easy-to-use technology  and an excellent customer service experience.

Choosing the best auto insurance provider for you can be intimidating. That’s why we at the Home Media reviews team have done the legwork for you, narrowing down the top 10 car insurance companies in the industry. In this article, we’ll review company reputation, availability, coverage options, discounts and the customer experience, going into detail on the five best car insurance providers.

In This Review:
  • The best car insurance companies on the market

The best car insurance companies on the market

After we thoroughly researched the auto insurance market, 10 companies stood out among the competition as the best car insurance providers. When ranking these insurers, our team considered state availability, breadth of coverage, pricing, and satisfaction scores from experts like J.D. Power. 

We also took into account AM Best’s financial strength ratings and complaint volume as reported by the National Association of Insurance Commissioners (NAIC). Each insurer was graded on a 10-point scale.  We’ll take a closer look at our top five picks for the best auto insurance companies below.

Car Insurance Company

Overall Rating

Our Award

#1 Geico

9.1

Editor’s Choice

#2 USAA

9.1

Low Rates for Military

#3 Progressive

9.0

Low Rates for High-Risk Drivers

#4 State Farm

8.6

Most Popular Provider

#5 Liberty Mutual

8.5

Good Programs for Young Drivers

#6 AAA

8.4

#7 The Hartford

8.4

#8 Allstate

8.2

#9 Nationwide

8.2

#10 Farmers

8.0

Our picks for the best car insurance

Our top five picks for the best car insurance companies are Geico, USAA, Progressive, State Farm, and Liberty Mutual.

#1 Geico: Editor’s Choice

Average cost: $$
Number of discounts: 16
Usage-based insurance: DriveEasy in 26 states

Geico is our first choice for the best car insurance in the nation. The company offers reputable service, a wide selection of coverage, and  cheap car insurance  rates, according to our rate estimates.

Besides the standard coverage options, Geico offers helpful add-ons such as:

  • Emergency roadside assistance
  • Rental reimbursement
  • Mechanical breakdown insurance (MBI)
  • Rideshare insurance

Geico received an  A++ (Superior) rating from AM Best , meaning the company has the financial backing to pay customers’ insurance claims. A larger auto insurer like Geico comes with more financial stability compared to a smaller, local company.

Geico also has a strong customer service reputation. According to the  J.D. Power 2021 U.S. Auto Insurance Study SM , Geico performed better than average in California and the Central and New England regions. The study surveyed customers on their satisfaction with claims, billing, price, policy, and more. Additionally, our January 2022 insurance survey which polled 1,000 respondents found nearly 12% chose Geico as their insurance provider.

Regarding cost, Geico’s rates are some of the most affordable we’ve seen.  Our rate estimates show that drivers pay about  $1,350 per year on average for full coverage car insurance from Geico. These rate estimates apply to 35-year-olds with good credit and driving records.  Our estimates put Geico in the top three companies for affordability compared to other national providers.

On top of that, the insurer offers a number of ways to save money, including a good driver discount (up to 26% off), a good student discount (up to 15% off), and a multi-vehicle discount (up to 25% off).

#2 USAA: Low Rates for Military

Average cost: $
Number of discounts: 12
Usage-based insurance: SafePilot TM in 38 states

USAA regularly tops J.D. Power auto insurance studies as one of the best car insurance companies in terms of customer satisfaction and value. The provider is well known for its high customer ratings and affordable coverage options, including accident forgiveness. However, it’s not No. 1 on our list due to its strict eligibility requirements.

USAA auto insurance is only available to military members, veterans and their families, which greatly restricts who can purchase coverage. If you are eligible for a USAA insurance policy, it’s one of the best options available. Beyond the standard  types of car insurance, USAA offers the following optional coverage:

  • Roadside assistance
  • Rental car reimbursement
  • Accident forgiveness
  • Glass coverage
  • Guaranteed asset protection (GAP  insurance )
  • Car replacement assistance (CRA)
  • Rideshare insurance

USAA received an  A++ financial strength rating from AM Best  and an  A+ from the Better Business Bureau (BBB) . The auto insurer made up  6.32%  of the market share in  2020, according to the  NAIC . Though it’s not the largest auto insurer, USAA still has reputable financial strength. In  2020, the company wrote  $15.77  billion in private passenger auto insurance premiums.

While USAA does not have many physical locations, policyholders are still impressed by the company’s customer service. USAA earned the top score in the  2021  J.D. Power Auto Insurance Study in every U.S. region, though it’s unranked due to its eligibility criteria. And in our January 2022 car insurance survey, nearly 65% of the 1,000 respondents surveyed stated they were very satisfied with USAA insurance coverage, the highest of any provider.

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USAA is known for its affordability as well. It offers the cheapest car insurance on average compared to any other provider we researched. Our rate estimates show good drivers pay about  $1,013 per year for full coverage car insurance with USAA. The company also  offers discounts based on driver safety, vehicle safety, multiple policies, and safety features such as airbags and more.

#3 Progressive: Low Rates for High-Risk Drivers

Average cost: $$
Number of discounts: 13
Usage-based insurance: Snapshot ® (not available in California or North Carolina)

If you are under 21, are an elderly driver, or have received a DUI/DWI, Progressive may be the best car insurance option for you.  We found that Progressive tends to be one of the cheapest national providers for high-risk drivers besides USAA. Our rate estimates also show safe drivers pay about  $1,397 per year for full coverage insurance with Progressive, which puts it just behind Geico and State Farm for affordability.

Aside from the standard types of car insurance coverage, Progressive offers:

  • Roadside assistance
  • Rental car reimbursement
  • Loan/lease payoff
  • Custom parts and equipment value
  • Rideshare coverage

While Progressive has mixed customer service reviews — it scored above average in half of the regions in the J.D. Power Satisfaction Study. Our 2022 car insurance survey found that 74% of Progressive policyholders are satisfied with their coverage. Further, Progressive offers strong financial stability with an  A+ rating from AM Best. The company also wrote more than  $33  billion in premiums in  2020, according to the NAIC. 

Our team reached out to Progressive for comment on its negative review scores but did not receive a response.

Progressive offers auto insurance discounts as well as a few tools to help lower your rates.  Using a mobile app that tracks and records your driving habits,  Progressive’s Snapshot ® program  rewards safe driving behavior with discounts on premiums. On average, drivers who use Snapshot save  $146  on their policies, according to Progressive. However, this program is not available in  California  or North Carolina.

Drivers interested in Progressive policies should also look into the Name Your Price ® tool. The insurer will customize a variety of coverage options based on your auto insurance budget.

#4 State Farm: Most Popular Provider

Average cost: $$
Number of discounts: 13
Usage-based insurance: Drive Safe & Save TM (not available in CA, MA, and RI)

State Farm is another strong choice when it comes to finding the best auto insurance in the industry. Our January 2022 insurance survey found the insurer is the most popular provider among the 1,000 respondents surveyed, with 13% stating they purchased State Farm insurance coverage.

Beyond the standard types of coverage, State Farm offers:

  • Emergency road service coverage
  • Car rental and travel expenses coverage
  • Rideshare driver coverage

Our cost estimates show good drivers pay about  $1,339 annually for full coverage insurance with State Farm. This ranks State Farm among the most affordable national providers.

As the biggest car insurance company in the country, State Farm is no stranger to claims satisfaction — the company has an  A++ rating from AM Best. According to the NAIC, State Farm accounted for 16.19% of the auto insurance market share in 2020. State Farm also had fewer complaints than the industry average in 2020, though customer reviews on the BBB are mixed. 

We chose State Farm as one of the nation’s best car insurance companies in part because of the usage-based and safe driving discounts it offers to young drivers. There are two discount programs available through mobile apps:

  • Drive Safe & Save: State Farm tracks and rewards safe driving habits through the Drive Safe & Save mobile app. By reducing driving behaviors such as quick accelerations, hard braking,v c, and speeding, drivers can earn up to 30% off their premiums. This program is not available in California, Massachusetts, or Rhode Island.
  • Steer Clear ® : Teens and new drivers can receive course training, mentoring, driving practice, and a program certification to encourage good driving habits. After successfully completing the program, drivers get a discount on their auto insurance premiums.

Other State Farm auto insurance discounts include those for good grades, safe driving, defensive driving, vehicle safety features, and driving course completion. The company does not offer a military discount.

#5 Liberty Mutual: Good Programs for Young Drivers

Average cost: $$
Number of discounts: 17
Usage-based insurance : RightTrack ® in 42 states

Liberty Mutual can be a good auto insurance option for families with young or teen drivers. The insurer offers competitive rates and discounts, many of which are specialized for young drivers.

There are several additional coverage options alongside the standard insurance types, including:

  • 24-hour roadside assistance
  • Rental car reimbursement
  • New car replacement
  • Better car replacement
  • Liberty Mutual Deductible Fund ®
  • Original parts replacement
  • Auto loan/lease guaranteed asset protection

Liberty Mutual has an  AM Best rating of A  for its financial stability and ability to pay out insurance claims. The insurer’s customer service, however, has mixed reviews on Trustpilot and the BBB. Some customers report issues with communication, while others review the company’s claims process positively. In our 2022 insurance survey, 73% of the respondents who reported purchasing Liberty Mutual insurance coverage were satisfied with the provider.

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Our team reached out to Liberty Mutual for a comment on these negative reviews and found that the provider says it always makes an effort to respond to customer complaints and is willing to work with customers to resolve any issues.

Liberty Mutual is often an affordable choice for policyholders with teen drivers. However, it may not be the cheapest option for other types of drivers. The auto insurer offers a number of discounts, including savings for homeowners, military, good students, and drivers who remain accident-free.

What are the types of auto insurance?

Most auto insurers offer six standard types of car insurance. Based on your state’s minimum requirements, some types of auto insurance policies are mandatory. However, it’s always a good idea to purchase full coverage rather than just the state minimum coverage.

  • Liability car insurance: Bodily injury liability insurance  (BI) covers other drivers and passengers if you are at fault in a collision, and property damage liability (PD) covers other cars or property if you are at fault in a collision.
  • Collision insurance Collision coverage protects your vehicle, regardless of who is at fault.
  • Comprehensive insurance Comprehensive coverage pays for damages to your vehicle caused by environmental factors, theft, or vandalism.
  • Medical payments (MedPay): MedPay covers any medical expenses for you and your passengers after a collision.
  • Personal injury protection (PIP): PIP covers medical bills, lost wages, and death benefits for you and your passengers, regardless of fault.
  • Underinsured/ uninsured motorist coverage  (UM/UIM):  This type of coverage protects you if you’re in a car accident with a motorist with too little coverage or no coverage at all.

Our January 2022 car insurance survey found that 67% of the 1,000 respondents polled purchased full coverage insurance, which includes a combination of liability, collision, and comprehensive coverage.

How much does car insurance cost?

Car insurance prices depend on many factors, including your age, location, credit score, driving record, and type of vehicle. According to our rate estimates, 35-year-old drivers with clean driving records and good credit pay between about  $1,000 and $2,500 per year for full coverage car insurance.

Here are 11 popular insurance providers and their average annual costs according to our rate estimates:

Car Insurance Provider

Average Annual Cost Estimate

USAA

$1,013

Erie Insurance

$1,113

Auto-Owners Insurance

$1,229

State Farm

$1,339

Geico

$1,352

Progressive

$1,397

Nationwide

$1,533

Travelers

$1,617

Farmers

$2,032

The Hartford

$2,166

Allstate

$2,430

What affects the cost of car insurance?

The cost of car insurance is influenced by a variety of factors, some of which are in a driver’s control and some of which are not.  Understanding what you’re able to control can help ensure you’re getting the best insurance rate.

Here are the most common factors that affect car insurance costs:

  • Location: Drivers in larger, more urban areas will often face higher auto insurance rates. Insurers factor in the higher likelihood of a collision due to increased traffic and vehicles per capita in cities.
  • Age: Drivers under the age of 25 and elderly drivers are typically given high insurance premiums, as these types of drivers are considered higher risk. New drivers, regardless of age, will also have higher auto insurance costs.
  • Driving history: If you have an at-fault accident, moving violations or a DUI/DWI on your record, a car insurance policy will cost more. 
  • Credit score A high credit score indicates to insurers that a driver is a reliable and financially responsible individual, so their auto insurance policy will cost less. Having a poor credit score can increase your rates (except in California, Hawaii, or Massachusetts).
  • Vehicle type: Often, drivers with pricey sports cars will pay more for the best car insurance because repairs are more expensive after an accident.
  • Deductible: A lower deductible leads to a higher overall premium cost.

How to find the best car insurance rates

Getting the most affordable car insurance rates can be tricky, especially with the number of information drivers need to know about policies. We’ve laid out five key steps below that explain how to find the best car insurance rates for your budget.

1. Get auto insurance quotes

It’s always a good idea to  compare car insurance quotes between companies. Based on your driver profile and the other factors we listed above, your auto insurance cost can vary greatly. Some insurance providers offer affordable rates to senior drivers, while others provide cheap car insurance for new or teen drivers. Before settling on a price, reach out to multiple auto insurers.  You can compare quotes online yourself or work with an independent insurance agent to compare plans.

2. Seek out discounts

Companies offer a wide range of  car insurance discounts, so look for ones that apply to your situation. For example, some providers offer better discounts for students, while others offer discounts for military and occupational affiliations. Major providers offer other insurance products such as home, renters, and life insurance, so you can often find discounts for bundling policies as well.

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3. Opt for a higher deductible

While it may seem burdensome at first, a higher deductible can significantly reduce your overall auto insurance costs. Ask your insurance provider which deductible options are available for your coverage plan, and play around with how each affects your premium. Keep in mind, though, that you will need to be able to pay your deductible in the event of a claim.

4. Keep your credit in check

Pay all bills on time and see if there are additional ways to improve your credit score. Paying your bills in full and keeping your credit balances low will also help increase your credit score.

5. Try telematics insurance

Telematics insurance  programs provide discounts based on your driving habits. If you have a short commute and practice good driving habits, you could save money with a safe driving program or a  pay-per-mile insurance program.

Which car insurance company is best for you?

The best car insurance companies can vary based on your needs and driver profile. We recommend Geico as the Editor’s Choice provider for most drivers based on its affordability, strong financial standing, and positive customer service ratings.

It’s always a good idea to compare insurers.  Get free  car insurance quotes  when you shop to find the best coverage and price for your situation.

FAQ: Best car insurance

We rate Geico as the best car insurance overall for most drivers for its combination of affordable rates, a wide selection of coverage options, and solid industry ratings. Some of Geico’s best discounts include a good driver discount and multi-vehicle discount.

Our methodology

Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.

Here are the factors our ratings take into account:

  • Cost (20% of total score) : Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
  • Coverage (20% of total score) : Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
  • Reputation (20% of total score) : Our research team considered market share, ratings from industry experts and years in business when giving this score.
  • Availability (20% of total score) : Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
  • Customer Experience (20% of total score) : This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.

By SkylarBlue

We are professionals in software, website, and blogging our website is www.aboutsarkariresults.com, and the second is www.trendvideos.online. You can contact us via email at skylarblueh7@gmail.com

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