Top 5 Cheap Car Insurance Companies


5. Erie Auto Insurance: Ideal for predictable yearly pricing

Erie Ideal for predictable yearly pricing

Erie Car Insurance has a national average premium of only $2,051, making it one of the most cost – effective options in the market. For those who are worried about fluctuating premium prices, Erie’s Rate Lock program offers peace of mind. Premiums will only change if the policyholder makes alterations to their policy, such as adding or removing a driver or changing the vehicle’s storage location.


  • Received high ratings on J.D. Powers Insurance Satisfaction survey.
  • Covers pet injuries with up to $500 in veterinary expenses per pet, or a total of $1,000 for multiple pets.
  • Offers a diminishing deductible option with the Auto Plus package.


  • Limited availability in only a few states.
  • Smaller size compared to other insurers, leading to fewer local agents.

Unique Coverage Features:

  • Erie’s Rate Lock guarantees that your rate will remain the same, even if you make changes to your policy, such as adding or removing a vehicle or driver, or changing your address.
  • Erie also offers free roadside assistance, a deductible that decreases each year you go claim-free, and bundle options.

In conclusion, it is difficult to definitively say which is the cheapest insurance offer in 2023 as the cost of insurance can vary depending on various factors such as location, age, driving history, type of car, etc. However, some of the cheaper insurance options based on the data are USAA, Geico, State Farm, and Erie Auto Insurance.

USAA is the cheapest option for military families, while Geico is the most cheap option after discounts. State Farm is one of the cheapest options overall, and Erie Auto Insurance is ideal for those looking for predictable yearly pricing. It’s important to keep in mind that the cheapest option for one person may not be the cheapest option for another, so it’s important to compare quotes from different car insurance companies to find the best coverage and price for your individual needs.


  • The cheapest company for one driver may not be the same for another.
  • Seek a company that offers affordable coverage tailored to your specific needs and driving profile.
  • Compare quotes from multiple car insurance companies to find the most cost-effective option.