Top 5 Cheap Car Insurance Companies

4. State Farm: One of the Most cheap auto insurance overall

State Farm car insurance provides average premiums of $2,147 throughout the country, which is significantly lower, at $719, compared to the average rates or cost offered by all insurance companies. Additionally, they offer various chances to receive discounts such as by combining coverage. The most significant savings can be obtained through their programs designed for young drivers, such as Steer Clear and discounts for good students. By offering comprehensive coverage options and low premiums, both parents and teenagers can be confident in their protection in the event of an accident.

Advantages:

• One of the largest insurance companies in US.
• Young drivers can benefit from a discount of up to 15% on their coverage.
• Good grades can result in an additional 25% savings for young drivers.
• The company enjoys high customer satisfaction ratings.
• A nationwide network of agents is available to assist customers.
• All types of insurance are accessible under one roof.

Disadvantages:

• Poor credit history may lead to higher premium costs.
• The quality of agents in the network may vary.

Unique Coverage Features:

• The Steer Clear program offers savings for policyholders under the age of 25.
• The optional car rental and travel expense coverage not only covers the cost of a rental vehicle, but also the driver’s travel expenses if an accident occurs more than 50 miles away from home.
• Rideshare insurance is also available.