Buying a car insurance policy can be complicated. However, you can’t afford to make a wrong choice as you will be shelling out a substantial chunk of money.
An average cost of car insurance in America is about $1502 per year, or $751 per six-month policy ($125.16 per month).
Here’s an infographic outlining the 6-month average car insurance rate by the company:
Therefore, when it comes to it buying car insurance, you need to weigh your options wisely. You should look at various policies to judge which one would be the best for you.
Ideally, you should go with the car insurance that has:
- Good business ratings
- Recommended by acquaintances
- Proven track record
- Great reviews
- Excellent discount offers
- Numerous coverage options
- Competitive pricing
So let’s look at some of the best car insurance companies.
WHAT ARE THE BEST CAR INSURANCE COMPANIES?
- Nationwide Insurance
- Geico
- Esurance Car Insurance
- Progressive Insurance
- Metlife Car Insurance
- Travelers Insurance
- Amica Mutual
- Erie Insurance
- The Hanover
- Auto Club of Southern California
- California State Automobile Association (CSAA)
- Safeco
- Liberty Mutual
- Mapfre
- Mercury Insurance
- Farmers Insurance
- NJM
- 21st Century
- Allstate
- The Hartford
- American Family Insurance
- State Farm Insurance
- Automobile Club Group
- Auto-owners’ Insurance
- Country Financial
1. Nationwide Insurance.
Nationwide Insurance is an insurance company based out of Columbus, Ohio. With an annual revenue of around $50 billion, it has more than 30,000 employees and is currently ranked 73rd on the 2019 Fortune 500 list.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Liability
This coverage compensates for the medical bills and loss of income if you cause an accident.
2. Property Damage Liability
If you cause an accident, this coverage helps you pay for damages done to another person’s vehicle or property.
3. Personal Injury Protection
Keeps you covered in case of an accident. Terms & Conditions may apply.
4. Uninsured Motorist
It helps protect you and your vehicle from uninsured drivers and hit-and-run accidents.
5. Medical Payments
Also known as med pay, it pays your or your passenger’s medical costs when involved in an accident.
Nationwide also offers vehicle coverages like:
- Collision
- Comprehensive
- Towing and labor coverage
- Rental car expense
- Gap coverage
- Full coverage
ADDITIONAL FEATURES:
Here are some other additional advantages of availing car insurance from nationwide:
1. SmartRide:
This is essentially a software to track your driving skills. It uses a range of indicators like mileage, fast acceleration, hard braking. It also tracks the time of day you drive. By pooling all this data, Nationwide can offer you a discount on your premiums, up to 40%, for safe driving. Drivers can get an initial discount just for signing up.
2. Vanishing Deductibles
It’s an optional program. It allows you to keep decreasing your deductibles by driving safely. For every year you don’t have an accident, your deductible goes down by $100, up to a maximum of $500.
3. Accident Forgiveness
A unique plan designed to help you avoid a rate increase after you or someone on your policy is involved in a crash. The plan is in force in select states, and Nationwide can forgive only one crash per policy.
PROS:
The ‘accident forgiveness’ scheme can be extended to all drivers on your policy
CONS:
As of yet, accident claims cannot be submitted through the mobile app
PRICING:
To get a personalized quote, you have to enter your Zip code. Next, you will be redirected to fill a form asking you pertinent questions related to your expectations.
After you submit the form, one of their agents will get in touch with you to relay the quote.
2. Geico.
Geico or Government Employees Insurance Company was founded in 1936 in Texas. Headquartered in Maryland, it is one of the largest most popular car insurance companies in the US and provides insurance for over 24 million automobiles.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Liability
It pays damages for bodily injury or death resulting from an accident for which you are at fault.
2. Property Damage Liability
It pays for damage to someone else’s property resulting from an accident for which you are at fault.
3. Medical Payments Coverage
It covers all the medical expenses related to car accidents.
4. Personal Injury Protection Coverage
It covers your medical treatment, lost wages, or other accident-related expenses regardless of who caused the accident.
5. Uninsured Motorist Coverage
It helps compensate you for your injuries or property damage caused by a driver without insurance.
6. Collision Coverage
It pays for damage to your car when it hits, or is hit by any other vehicle or object.
7. Comprehensive Coverage
It compensates for the cost incurred from theft, vandalism, flood, fire, or other covered losses.
ADDITIONAL FEATURES:
Geico offers some discounts to its policyholders. Some of them are:
- Car Insurance Discounts
- Military Discounts
- Student Driver Discounts
- Senior Driver Discounts
- Federal Employees Discount
- Signing up for Autopay
- Discount on Clean driving record
However, Geico does not offer any discounts on green or hybrid vehicles.
PROS:
- One of the lowest premium rates in all of the US
- Impressive Discounts available
CONS:
- Cannot use the mobile app to file information
- Cannot use the mobile app to request information
PRICING:
To get a personalized quote, get in touch with one of their agents. Usually, for an excellent credit rating (740-799), the starting average annual premium is $1120.
3. Esurance Car Insurance
Founded in 1999 and headquartered in San Francisco, California, Esurance is currently available in 43 states. With an annual revenue of over a billion dollars, it is one of the fastest-growing car insurance companies in the USA.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Liability
It compensates for all kinds of bodily injury or death resulting from a road accident.
2. Property Damage Liability
It pays for damage done to someone else’s property resulting from an accident caused by you.
3. Medical Payments Coverage
It covers all the medical expenses related to car accidents.
4. Personal Injury Protection Coverage
It pays for your medical treatment, lost wages, or other accident-related expenses regardless of who caused the accident.
5. Uninsured Motorist Coverage
It compensates you for your injuries or property damage caused by a driver without insurance.
6. Collision Coverage
It pays for damage done to your car when it hits or is hit by another vehicle or object.
7. Comprehensive Coverage
It pays for damage to your car from theft, vandalism, flood, fire, or other covered losses.
ADDITIONAL FEATURES:
It is one of the few insurance companies that offer most of its services online and through a modern-age intuitive app. Almost all the things can be done online, like making claims, payment settlement, and getting an estimate of premiums. It also relies on video calling for a more personalized experience for customers.
Here are some other key features:
1. Pay Per Mile – If you drive under 10,000 miles in a year, then under this program, you’ll have to pay-per-mile rate for up to 150 miles/day. The rest of the miles you cover will be free. This program is available in Oregon only.
2. Roadside Assistance – You receive $75 for issues such as towing, tire changes, and more.
PROS:
- They use top-notch technology to offer a personalized customer experience
- The variety of discounts they offer are impressive, like online shopper discounts and claim-free discounts
- They are a subsidiary and backed by the financial power of Allstate
CONS:
- Prices are somewhat higher than their counterparts, such as Geico
- The claims process can sometimes cause hassles and lead to some difficulty
4. Progressive Insurance.
The Progressive insurance company, founded in 1937, prides itself on its innovation and affordable insurance solutions.
After all, it was the first car insurance company in the US to introduce reduced rates for drivers with a risk-free track record. It is headquartered in Mayfield, Ohio.
TYPES OF CAR INSURANCE COVERAGE:
1. Comprehensive Coverage
It provides protection to your vehicle against instances, fire, theft, vandalism, hitting an animal, glass breakage, or weather/acts of nature. Basically, it covers all the events that are beyond your control.
2. Collision Coverage
Collision Coverage pays to repair or replace your damaged vehicle if you collide with another object or vehicle.
3. Uninsured Bodily Injury
It covers you and your passengers if you’re injured in an accident and the driver who is at fault lacks insurance.
4. Uninsured Motorist Property Damage
It pays to repair or replace your vehicle if a driver who lacks enough insurance hits you.
5. Medical Payments
It covers your injuries, funeral expenses, and other medical emergencies.
ADDITIONAL FEATURES:
- You will get an additional discount if you are a college or high school student and you have a straight B grade
- You also get to earn an extra discount for a clean driving record
- They have a program called ‘Snapshot’ that monitors your driving skills over a period of 6 months. It also monitors your average speed, the time of the day your drive, and how many times you use the car. Under this program, you get an initial discount of $25 just for signing up. Other than that, you could get a discount of up to $130, based on how you drive.
PROS:
- Apart from the usual coverage options, Progressive offers plenty of other add-ons that you can purchase, including roadside assistance, lease payoff, rental car reimbursement, and more.
- Plenty of discounts available
- Low rates along with special discounts for teen drivers (driver must be 18 years or younger).
CONS:
- Rental reimbursement is not always available on every policy
PRICING:
To get a customized quote, you would have to contact one of their agents by filling out a simple form.
5. Metlife Car Insurance.
Metlife Car Insurance is headquartered in New York City and has 90 million insurance policies all over the world in around 60 countries. Founded 150 years ago, Metlife now has an annual revenue of more than $60 billion. All this accounts for its prominence and popularity in the industry.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury
It pays for the expenses incurred in case of any bodily injury while on the road. MetLife’s car policies let you mix and match the per person, and per-incident coverage limits more than most of the car insurance companies.
2. Liability Protection
Liability Protection pays claims for both bodily injuries as well as property damage.
3. Uninsured Motorist
Pays for the damage done to your car or your body if you are involved in an accident and the other person is uninsured.
4. Medical Payments
MetLife offers this coverage in levels of 0, $500, $1000 and standard increments up to $25,000.
5. Collision Coverage
Collision coverage pays for damage to your car if it hits or gets hit by another vehicle or object. MetLife offers a diverse range of options for collision coverage as well. If a collision is included, you can get coverage starting from $100 up to $7,500.
6. Comprehensive Coverage
MetLife pays for damage to your car caused by events that are out of your control, including theft, vandalism, fire, flood, etc.
It also offers a range of additional coverage options, including:
- Rental reimbursement
- Towing
- Collision deductible waiver
- Rental car coverage
- New car replacement
- Major parts replacement
ADDITIONAL FEATURES:
It offers some excellent discounts, such as:
- A basic driver safety course can provide a 7% discount on your premium
- Every member of your household has a certain level of a clean driving record can get a 12% discount on the premium plan
- Customers with accident-free and claim-free track record can avail up to 20% discount on the premium plan
- Good student discount can result in 15% off on the premium plan
PROS:
- Unlike many insurers, MetLife offers numerous additional coverage options at no extra cost. For instance, you get an expanded coverage option when you rent a car.
- You also get the benefit of the ‘MyDirect’ program. It is a completely digital, self-service experience, which allows you to get quotes, purchase insurance and manage your policy online in some US states
- Offers impressive group discount schemes
CONS:
- Fewer saving opportunities
- ‘MyDirect’ online quoting system only works in some of the US states
PRICING:
To get a quote, get in touch with one of their agents by filling out a short form. You can also call them at 844-297-0889.
However, for a good credit rating (740-799), the average annual premium is $3495.
6. Travelers Insurance.
Travelers is one of the oldest insurance companies in the USA and has been around for more than 160 years. That said, it comes with a hefty price tag. Travelers costs much more (several hundred dollars) than average car insurance at the same level.
In certain states like Texas, Utah, and Tennessee, you may be able to sign up for the Travelers’ IntelliDrive program. It tracks your driving patterns for 90 days and allows you to earn a discount based on how you drive.
Travelers Insurance also provides a mobile app for easy accident documentation and processing of claims.
TYPES OF CAR INSURANCE COVERAGE:
1. Liability Coverage
If you cause an accident and as a result hurt someone or damaged their property, Liability Coverage will cover all the damage costs and defend you against a possible lawsuit.
2. Comprehensive Coverage
If you are a victim of theft, fire, vandalism, or an Act of God, this coverage will protect you and compensate for the damage caused.
3. Collision Coverage
It offers coverage in case your car is hit by another car or vehicle.
4. Personal Injury Protection
It covers you in case of personal injury while driving your vehicle.
5. Uninsured/Underinsured Motorist Coverage
This is used to compensate you in case an uninsured or underinsured motorist hits you.
6. Medical Payments Coverage
It pays for your personal expenses related to a car injury.
ADDITIONAL FEATURES:
One of the best things about Travelers is its discount options.
You can also get a discount if:
- You have a clean driving record
- Sign up for automatic payments
- Student discount upon maintaining a B average (for high school and college)
- You drive an electric vehicle
- You drive a green vehicle
PROS:
- Discounts available for hybrid vehicles
- Discounts available for green vehicles
CONS:
- Most of the policies are expensive
PRICING:
To get a quote, you have to get in touch with one of their agents by filling out a short form. Or you can give them a call at 1.888.646.9638
7. Amica Mutual.
Founded in 1907, this insurance company is based out of Rhode Island and offers auto, home, and life insurance.
TYPES OF CAR INSURANCE COVERAGE:
1. Property Damage Liability
2. Bodily Injury Liability
3. Personal Injury Protection
4. Uninsured/Underinsured Motorist Bodily Injury
5. Uninsured/ Underinsured Motorist Property Damage
6. Medical Payments
Amica also offers other common coverage options, such as:
- Collision Coverage
- Comprehensive Coverage
- Roadside assistance
- Glass coverage
- Rental reimbursement
ADDITIONAL FEATURES:
It offers some unique services, including:
- Free lock replacement for lost keys
- Free repair for damaged auto glass
- Free repair of the deployed airbag
- No depreciation for a complete loss of new vehicle
- Lost wage reimbursement for the court appearance
- $1,000 bail bonds
Here are the top reasons to choose Amica for car insurance:
PROS:
- Online Advisor helps find the appropriate amount of insurance coverage by instant assessment
- Online quote generator makes it easy to adjust coverage amounts to compare premiums
- Provides impressive customer service
CONS:
- Frequent up-selling might irritate you a bit
- Towing and labor coverage do not offer a range of choices.
PRICING:
To get a quote, contact one of their agents by filling out the required details or placing a call at 800 242 6422.
However, on average, our premiums start at $1174 annually for a good credit score (740-799).
8. Erie Insurance.
Erie is a publicly held insurance company, headquartered in Pennsylvania. It has over 2500 employees and provides a wide range of insurance coverage options.
TYPES OF CAR INSURANCE COVERAGE:
1. Coverage for property losses
It covers losses like broken windows caused by fire damage, vandalism, etc.
2. Roadside Service
Compensates for towing and required labor costs at the site where your car breaks down.
3. New Car Protection
If your car gets lost within 24 months of purchase, it will be replaced with a new vehicle of the latest model year.
Other coverages include:
- Better Car Protection
- Transportation Expense/Rental Car Coverage
- Additional/Replacement Autos or Trailers
- Motorcycles & other miscellaneous vehicles
- Coverage for Non-owned autos
ADDITIONAL FEATURES:
It offers numerous discount plans, such as:
- Safe-driving discount
- Car safety equipment discount
- Multi-car discount
- Multi-policy discount (usually 20%)
- Reduced usage discount
- Young drivers discount
- Annual payment plan
It also covers a lot of other issues, including:
- Auto-glass Repair
- Locksmith service
- Pet Coverage
- Roadside & Rentals bundle
- Personal item coverage
- Accident Forgiveness
PROS:
- Rate lock
- Accident forgiveness
- Vanishing deductible
- Online bill paying option
CONS:
- Doesn’t accept online claims
- Available in only 12 US states
PRICING:
Usually, premiums start at $28.99 per month. Contact one of their agents now to get a personalized quote by filling out a form on their website.
9. The Hanover.
Founded in 1852, the Hanover is one of the oldest insurance companies in the USA. It is headquartered in Massachusetts and has around 4500 employees.
TYPES OF CAR INSURANCE COVERAGE:
The Hanover provides the following insurance coverages:
- Liability coverage
- Comprehensive and collision options
- Original equipment manufacturer parts (OEM parts)
- Newer car replacement
- Deductible dividends
- Roadside assistance
- Transportation expenses
- Medical payments coverage / personal injury protection
Moreover, Hanover provides an upgraded ‘Platinum service’ that provides insurance coverages like:
- Second Chance Accident Forgiveness
- Deductible Dividends
- Pet Injury Protection
- Rental Car Coverage
- Trip Interruption
- Rental Coverage Upgrade
- Home Care Services
- Accidental Airbag Deployment
- Accidental Death Benefit
The ‘Platinum Service’ provides access to Platinum Services, including world-class Platinum claims handling, 24/7 online self-service tools, flexible payment plans, easy to read bills, and much more.
ADDITIONAL FEATURES:
It offers a wide range of discounts, including:
1. Paid in Full Discount
Available if you pay your first year’s premium in one installment.
2. Anti-Theft Discount
Available for all the vehicles that have factory or aftermarket anti-theft monitoring systems.
3. Multi-Car Discount
You need to ensure at least two vehicles with them to earn this discount.
4. Accident Prevention Courses
Requires the successful passing of a certified driving course.
5. One Bill
Allowing all insurance bills for all lines of insurance to be sent into one paper statement.
6. Good Student Discount
Available to students in high school or college with straight Bs.
7. Student Away from Home Discount
Available to students studying more than 100 miles away from their home.
8. Affinity Groups
Available to individuals who are affiliated with particular organizations or clubs.
PROS:
- A top-rated company with impressive financial strength
- A long list of options for insurance coverages
- One of the best car insurance companies for additional after-market part replacements for your vehicle
CONS:
- No rideshare coverage
- The platform could be more user-friendly
- A bit more expensive than its counterparts
PRICING:
Visit their website to get a personalized quote or call at 800-628-0250 to get a free quote.
10. Auto Club of Southern California.
One of the first automobile clubs in California, Auto Club of Southern California was founded in 1900 and is affiliated with the American Automobile Association (AAA).
Moreover, AAA is a federation of independent clubs throughout the US and Canada. You need to enter your zip code to get started and know more about the type of insurance coverage, discounts, and get a personalized quote as per your car insurance requirement.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Coverage
It pays for legal defense and costs associated with people injured during the accident.
2. Property Damage Coverage
Compensates for damage caused to another vehicle or property involved in an accident
3. Uninsured Motorist Coverage
Covers the damages caused by a negligent driver with no coverage
4. Collision Coverage
It is an optional policy that pays for the cost of repairing or replacing your vehicle after an accident.
5. Comprehensive Coverage
Covers damages resulting from events such as storms, floods, fire, vandalism, acts of God, and theft.
6. Medical Payments Coverage
Covers for the medical costs caused by accident regardless of who is at fault.
7. Personal Injury Protection
Typically covers medical expenses, loss of essential services, funeral services, and loss of income.
ADDITIONAL FEATURES:
Auto Club of Southern California also offers some other additional coverages and features, such as:
- Modified Vehicle Insurance
- Travel Expenses / Trip Interruption Coverage
- Rental Car Coverage
- Non-Owner Liability Coverage
- Loan / Lease / GAP Coverage
- Emergency Roadside Service
- Mechanical Breakdown Coverage
- Emergency roadside assistance
PROS:
- 24/7 Phone availability
- Free policy cancellation
- Locally available agents
- Free Policy Cancellation
- Emergency roadside services
- Rental car coverage
- Generous with policy discounts
CONS:
- Does not offer digital claims reporting
- No accident forgiveness
- No ride-sharing coverage
- No transport trailer coverage
PRICING:
To get a free quote, contact one of their agents by entering your zip code and then filling out a short form on their website.
11. California State Automobile Association (CSAA).
The American Automobile Association (AAA) is divided into territories throughout the United States and Canada. Each territory operates individually as a part of AAA.
In Northern California, Nevada, and Utah, this territory is known as the California State Automobile Association (CSAA).
CSAA offers numerous car insurance coverage options along with plenty of attractive discounts and features.
TYPES OF CAR INSURANCE COVERAGE:
1. Personal Injury Protection
For driver’s injury expenses after an accident, disregarding who is at fault.
2. Medical Expenses
To cover all the medical expenses after an accident.
3. Uninsured Motorist
For the medical expenses of a motorist who is uninsured or underinsured.
4. Collision Coverage
Compensates for all the damages incurred in case of a collision with an object or another vehicle while driving
5. Liability Coverage
Each state has its own laws pertaining to the minimum mandatory liability coverage.
6. Death Benefits
Pays for funeral expenses, hospital expenses, and others.
7. Rental Car Insurance
In case of comprehensive or collision coverage, or if the vehicle is out of service for over 24 hours, you will be reimbursed for rental car expenses.
8. Comprehensive Coverage
Covers damages incurred due to instances like theft, storm damage, and other situations that are not the result of a collision.
ADDITIONAL FEATURES:
There are plenty of other benefits given to customers, such as:
- Emergency roadside services
- Travel planning
- Good student discounts
- Hybrid and green vehicle discounts
- Discounts for travel and car loans
PROS:
- One of the cheapest policy providers in car insurance
- Multi-policy and multi-car discounts
- CSAA has an amazing customer-service
- Extensive customer-base of over a million clients
CONS:
- Efficiency compromised by expansion into other insurance types
- Negative reviews
- Increased premiums in recent times
- Failure to pay a high percentage of damage claims
PRICING:
Premiums can start at $29.00 per month, depending on your credit scores. To get a final quote, you would have to get in touch with their agent by filling out a form on their website.
12. Safeco.
Founded in Seattle in 1923, Safeco is one of the largest insurance companies in the US. It presently has over 7000 employees and an annual revenue of around $7 billion.
TYPES OF CAR INSURANCE COVERAGE:
1. Property Damage Liability
Compensates for any property damage that you’re responsible for as a result of a car accident.
2. Bodily Injury Liability
Pays for any bodily injury that you’re responsible for as a result of a car accident.
3. Personal Injury Protection
Compensates for lost wages, loss of ability to perform basic tasks, and funeral expenses resulting from a car accident.
4. Uninsured / Underinsured Motorist Bodily Injury
It provides coverage for injuries you sustain if the driver who caused the accident doesn’t have enough insurance to cover the damage.
5. Uninsured / Underinsured Motorist Property Damage
It provides coverage for damage to your property if the driver who caused the accident doesn’t have enough insurance to cover damages.
6. Medical Payments
Covers your medical expenses incurred due to a car accident.
Some of the other coverage options include:
- Emergency Assistance Package
- Loan and Lease Coverage
- Electronic Key and Lock Replacement
- CD and DVD Replacement
- Audio-Visual and Custom Equipment Coverage
- Pet Coverage
- Personal Property Coverage
ADDITIONAL FEATURES:
It provides a wide range of discounts, such as:
- If you avail for both home and auto insurance
- Insuring multiple cars on the same policy
- Anti-lock braking systems discount
- Anti-theft devices discount
- Safe driving discount
- Accident-prevention course discount
PROS:
- Backed by liberty mutual
- Nonstandard coverage options like ride-share insurance
- Online bill paying and claims filing
- All policies cover reimbursement for first aid administered to others after an accident
CONS:
- Low satisfaction ratings
- The website could be more user-friendly
- Not available in every state
PRICING:
To get a quote, log into our website or call 1-855-802-0117 to talk to one of their agents by clicking here. 
13. Liberty Mutual.
One of the largest global insurance companies, its headquartered in Boston and currently employs over 50,000 people in more than 900 locations. It boasts of the annual revenue of over $40 billion.
TYPES OF CAR INSURANCE COVERAGE:
1. Comprehensive Coverage
All damage caused other than collision, like theft, vandalism, acts of God, fire, etc.
2. Collision Coverage
Compensates for damage done from a collision incident.
3. Medical Payments
Covers all the medical payments incurred after a road accident.
4. Property Damage
Compensates for the property damage done when involved in an accident.
5. Personal Injury Liability
Takes care of your extended well-being after an accident
6. Bodily Injury Liability
Protects you against a possible lawsuit and pays for the injuries caused to the other person involved in the accident.
7. Uninsured Motorist
Pays for the damage or injury from an uninsured driver.
ADDITIONAL FEATURES:
It offers exciting and unique features like:
- Liberty Mutual Deductible Fund
- Accident Forgiveness
- Lifetime Repair Guarantee
- New Car Replacement
- Better Car Replacement
- Rental Car Reimbursement
- Towing & Labor (available 24 hours a day)
- Auto loan/lease gap
- Original Parts Replacement
PROS:
- Affordable car insurance premiums
- Strong customer and claims service
- Attractive features & discounts
- Excellent financial ratings
- Multiple payment options like credit cards, automatic payments, online banking, and mail payment systems
CONS:
- Accident forgiveness option is not available in states like CA or NC
- New car replacement option is not available in NC or WY
- Complaints about the claims procedures
- Difficulty in obtaining approval for car repairs
PRICING:
To get your quote, log in to their website or call at 1-800-290-6150 to speak to one of their agents.
14. Mapfre
Founded in 1972, Mapfre has headquarters in Massachusetts. It has a network of more than 4500 independent agents and brokers, and it is also a leading insurer in Spain.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Liability
Covers the cost of injuries to the body.
2. Property Damage Liability
It pays for the damage you cause to someone else’s property.
3. Medical Payments
Pays for medical and funeral expenses.
4. Collision Coverage
Covers the cost of damage done to your car due to collision with an object or another vehicle
5. Comprehensive Coverage
Covers the damages caused by events like theft, vandalism, acts of God, fire, etc.
6. Substitute Transportation
Pays for a rental car, so you are not without transportation in case your car had an accident or needs to be repaired.
7. Underinsured / Uninsured Motorist
Pays for medical expenses if someone injures you in an accident, but they have insufficient or non-existent insurance.
8. Towing and Labor
Pays for towing and labor costs up to specified limits.
9. Accident Forgiveness
Unlike many other car insurance companies, it offers accident forgiveness for new and inexperienced drivers and renewing customers
ADDITIONAL FEATURES:
It offers several discounts like:
- Anti-theft device discount
- Bundled payment discount
- Defensive driving discount
- Good student discount
- Loyalty discount
- Homeowner discount
- Military discount
- Safety device discount
In addition to these, it also offers a lot of special programs like:
- Disappearing deductible (maximum credit-earning $300)
- ‘teenSMART’ (15% discount on premiums until the age of 21)
- ‘carEZ’ (accident support by the partnership with repair shops)
PROS:
- A claim can be filed online, 24*7
- More than 4600 agents available all over the US
- Online monitoring of claims and processing of bills
- Great discount programs aimed at teenagers and students with excellent grades
- Highly acclaimed by both peers and customers
CONS:
- Policies are limited to 19 states
- Can be a little costly at times
- No dedicated claims line. Only access through customer care number
- Real-time help is rare
- Very friendly policies for people with expensive cars
PRICING:
To get a quote, select your state by clicking here. Next, you will be prompted to fill out a short form to get your final quote.
15. Mercury Insurance.
Founded in 1961, and headquartered in the heart of Los Angeles, Mercury Insurance is an acclaimed car insurance company. On top of that, it has more than 8000 agents in over 11 US states.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Liability
2. Property Damage Liability
3. Medical Payments
4. Collision Coverage
5. Comprehensive Coverage
6. Underinsured / Uninsured Motorist
ADDITIONAL FEATURES:
They offer very good discount offers like:
- Anti-theft device discount
- Bundling discount
- Loyalty discount
- Defensive driving discount
- Good student discount
- Homeowner discount
PROS:
- Sound financial backing
- Numerous discount options
- Provides excellent offers on premium with even a bad driving history
CONS:
- Very high rates
- Poor customer service
- Poor online service
PRICING:
To get a quote, contact one of their agents through their official website.
16. Farmers Insurance.
With more than 20,000 employees, Farmers Insurance is one of the largest insurance companies in the US. It is headquartered in California and is a subsidiary of Zurich Insurance Group.
TYPES OF CAR INSURANCE COVERAGE:
1. Comprehensive Coverage
For all accidents not covered under collision. For example, theft, fire, an Act of God, vandalism, etc.
2. Medical Payments
Pays for medical expenses, funeral expenses, etc.
3. Personal Injury Protection
Pays expenses for personal injury.
4. Collision Coverage
Pays expenses in case of a collision with any other vehicle or object.
5. Uninsured/Underinsured Motorist Coverage
If your car collides with a motorist who is underinsured/uninsured, then this coverage pays for all your incurred bills.
ADDITIONAL FEATURES:
This company offers special discounts on premium with respect to a variety of considerations.
- Farmers Credit card discount – no maintenance fee and comes with 3% rewards rate
- Business group discounts for special professionals, including accountants, architects, dentists, educators, engineers, firefighters, judges/lawyers, librarians, military personnel, physicians, police, pilots, and scientists
You also get numerous other discount options, such as:
- Bundle discount options
- Multi-car Discount
- Loyalty Discount
- Distant Student Discount
- Pay in Full Discount
- Transfer Discount
- Good Student Discount
PROS:
- Someone who recently purchased a vehicle gets extra benefits
- Great for drivers who are looking for coverage when driving for ride-hailing services such as Uber and Lyft
- One of the cheaper insurance options
- Lots of discount opportunities
CONS:
- Customer service is not very professional
- Many times drivers don’t qualify for discount offers
- Online claims settlement and payment can be a problem
PRICING:
On average, with an excellent credit score (740-799), the annual premium is $1459. For further information, contact one of their agents by filling out a form on their website.
17. NJM.
NJM was founded in 1913 and has headquarters in New Jersey, USA. It currently has more than 2500 employees and earns more than $2 billion in revenue.
TYPES OF CAR INSURANCE COVERAGE:
1. Personal Injury Protection
Covers the cost of medical treatment if you or other people under your policy get into an accident.
2. Body Injury Liability Coverage
Pays for claims of people who underwent damage because of you.
3. Property Damage Liability Coverage
It helps you pay for the damages caused to someone else’s property and at the same time protects you against a possible lawsuit.
4. Combined Single-Limit Liability Coverage
It compensates for both bodily injury and property damage when involved in an accident.
5. Uninsured or Underinsured Motorist Coverage
Pays for your costs if damage caused by an uninsured or under-insured motorist.
There are some optional coverages as well:
- Collision coverage
- Comprehensive coverage
- The extended medical expense coverage limit
- Roadside assistance
ADDITIONAL FEATURES:
NJM is fully committed to society and the promotion of safe driving. It has a ‘Teen Driver Safety’ program where officers visit high schools around New Jersey to talk about state driving laws. The initiative is entirely funded by NJM and is free of cost.
It also offers some great discounts on premiums:
- Home and auto bundle
- Multi-car discount.
- Good student discount
- Anti-theft device discount
- Driver training discount
- Defensive driving
- Pennsylvania mature driver improvement discount
- Dividends
PROS:
- Their agents are well-versed with the law
- Premiums can be up to 20% lower than average
- 24/7 claims processing
- The online portal to manage and process claims
- Some of the cheapest rates
- Drivers with faulty records can apply
- Teen Safe Driving program
CONS:
- No live chat option
- Limited geographic reach
- Eligibility is an issue for residents of New Jersey
- Coverage options are limited
PRICING:
The pricing varies with respect to your age, marital status, and other aspects. For a single male with a good credit score, the premiums are likely to be $1272.
18. 21st Century.
21st Century was founded in 1954 in Los Angeles, California, and is headquartered in Wilmington, Delaware. The Farmers Insurance Group owns this popular car insurance company.
TYPES OF CAR INSURANCE COVERAGE:
- Collision Coverage
- Comprehensive Coverage
- Liability Coverage
- Underinsured and Uninsured Motorist Coverage
- Medical Payments
- Bodily Injury Coverage
- Property Damage Coverage
- 24/7 Roadside Assistance
You can get an option to opt for some add-ons, such as:
- Waiver of collision deductible
- Rental reimbursement (for 24 hours while your car is being repaired)
- Additional equipment
- Customized equipment
ADDITIONAL FEATURES:
The discounts offered are highly driver-specific and does not usually apply in case of your premiums.
Some of the discounts given are:
- Discount for good students (with straight Bs)
- Superior driver (no violation in the last 5 years)
- If you opt for multi-car insurance
- Mature driver (over 55 years of age with a DMV course)
- Defensive driver
- Anti-theft device (15% off on comprehensive coverage premium)
PROS:
- Some of the lowest premiums
- 24-hour ‘HelpPoint’ and 12,500 claims representatives
CONS:
- Entirely online, no in-person interaction
- Options in a minimal number of states
- High standard down-payment
PRICING:
On average, with a good credit score, the annual premium would be around $1363. For further information, contact one of their agents.
19. Allstate.
The Allstate Corporation was founded in 1931 and currently has its headquarters in Illinois. With more than 45,000 employees, it has an annual revenue of more than $40 billion.
TYPES OF CAR INSURANCE COVERAGE:
1. Collision Coverage
2. Comprehensive Coverage
3. Liability Coverage
4. Medical Payments Coverage
5. Uninsured & Underinsured Motorist Coverage
6. Sound System Insurance
7. Roadside Coverage
8. Personal Injury Protection
9. Personal Umbrella Policy
10. Rental Reimbursement Coverage
ADDITIONAL FEATURES:
Some additional features include:
- ‘Drivewise’ (personalized feedback)
- Insurance for teen drivers
- Rideshare insurance
PROS:
- Industry leader with plenty of goodwill
- Offers auto, home, and life insurance that can be bundled together
- The online quoting system helps you choose better
- Sound system coverage in care
CONS:
- Below average ratings
- Auto insurance policies for 6 months only
- Some coverage options cannot be accessed online
PRICING:
To get a quote, contact one of their agents by clicking here.
20. The Hartford.
The Hartford is a Fortune 500 company, headquartered in Hartford, Connecticut.
Founded in 1810, it is one of the oldest insurance companies in the US. Currently, it has more than 16000 employees and over $16 billion in annual revenue.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Liability
Covers expenses for bodily injury.
2. Property Damage liability
When the insured driver causes property damage to another person.
3. Medical Payments
Covers expenses for medical payments, funeral expenses, etc.
4. Uninsured Motorist Bodily Injury
Covers the expenses of an uninsured motor vehicle rider.
5. Comprehensive Coverage
For all coverages not covered by collision, such as vandalism, theft, Act of God, etc.
6. Collision Coverage
For expenses in case of a collision.
It also provides a lot of other optional coverages, including:
- Transportation expenses
- Towing insurance
- No-fault insurance coverage
- New car replacement
- Advantage PLUS (available in some states. Facilities like first accident forgiveness and disappearing deductible)
ADDITIONAL FEATURES:
It offers great discounts on a variety of schemes:
- Bundle insurance savings
- Anti-theft device discount
- Airbags discount
- Defensive driver courses
- Vehicle fuel type discount (for green and hybrid vehicles)
- Driver training discount
- Good student discount
- Driver away at school
- Homeownership discount
- AARP member discount
PROS:
- Very user-friendly claims processing
- Very user-friendly and easy to navigate website
- Online coverage advisor tools
CONS:
- Ineligibility for online quote tool in the case of more than four cars or five drivers in the same policy
- Customer complaints are high
PRICING:
To get a quote, get in touch with one of their agents by clicking here.
21. American Family Insurance.
Known as ‘AmFam,’ American Family Insurance is a Fortune 500 company founded in 1927. Headquartered in Madison, Wisconsin, it has around 12000 employees and more than $10 billion in annual revenue.
TYPES OF CAR INSURANCE COVERAGE:
1. Bodily Injury Liability
Covers expenses for bodily injury due to the driver’s fault.
2. Property Damage Liability
When the insured driver causes property damage to another person.
3. Medical Payments
Covers expenses for medical payments, funeral expenses, etc.
4. Uninsured / Underinsured Motorist Bodily Injury
Covers the expenses of an uninsured motor vehicle rider in case of a collision, and the rider is underinsured or uninsured
5. Comprehensive Coverage
For all coverages not covered by collision. Vandalism, theft, Act of God, fire, etc.
6. Collision Coverage
For expenses in case of a collision with another vehicle.
There are other types of coverages as well, which are optional:
- Gap coverage
- Rental reimbursement
- Emergency road service
- Accidental death and dismemberment
ADDITIONAL FEATURES:
There are a lot of discounts available here:
- Multi-Vehicle
- Loyalty points
- Early-bird
- Multi-Product
- Steer into savings
There are some other specific opportunities for discounts as well, such as:
- Auto safety equipment
- Defensive driver
- Good driving
- Low mileage (less than 7500 miles per year)
- ‘KnowYourDrive’ Discount (program to learn safe driving and develop safe habits)
- Young Driver Discounts
- Good student
- Teen safe driver
- Away at school
- Young volunteer
- Billing Discounts
- Customer full pay
PROS:
- Local, personalized service available
- Offers annual, semi-annual or monthly payment options
- Can pay in person or online
- Friendly customer service available over the phone
CONS:
- Claim processing time may be high
- Claim processing may get complex
PRICING:
To get a quote, contact one of their agents by clicking here.
22. State Farm Insurance.
State Farm Insurance specializes in auto and home insurance and is one of the largest auto insurers in the USA.
Founded in 1922, it has more than 65,000 employees and over $87 billion in annual revenue.
TYPES OF CAR INSURANCE COVERAGE:
Some of the basic car insurance coverages are:
- Collision Coverage
- Comprehensive Coverage
- Liability Coverage
- Car Rental and Travel Expenses Coverage
- Uninsured / Underinsured Motor Vehicle Coverage
- Medical Payments Coverage
Some other car insurance coverages include:
- Emergency road service coverage
- Rideshare coverage
- New car protection
- First accident forgiveness
ADDITIONAL FEATURES:
With State Farm Car Insurance, you get some impressive discount options, such as:
- Anti-theft device discount
- Bundling discount
- Defensive driving discount
- Good student discount (up to 25%)
- Loyalty discount (up to 20%)
- Safety device discount (up to 40%)
PROS:
- Excellent rating
- Wide consumer-base in the US
- Huge financial backing
- A wide range of insurance options
- Available in 50 states
CONS:
- Higher prices
- Frequent Up-selling
- Live chat option is not available
PRICING:
To get a quote, contact one of their agents via the official website.
23. Automobile Club Group.
ACG is a car insurance company linked with the Automobile Association of America (AAA).
It offers full coverage to seven states and partial coverage to four additional states, including the Virgin Islands and Puerto Rico.
TYPES OF CAR INSURANCE COVERAGE:
- Collision Coverage
- Comprehensive Coverage
- Liability Coverage
- Car Rental and Travel Expenses Coverage
- Uninsured/underinsured Motor Vehicle Coverage
- Medical Payments Coverage
ADDITIONAL FEATURES:
It also offers numerous lucrative discount options, such as:
- Multi-product discount
- Group discount
- Good student discount
- Anti-theft device discount
One of the best things about ACG is its 24*7 helpline to process claims easily.
PROS:
- Large company and financial stability
- Great 24*7 customer service
- Streamlined claims process
CONS:
- Process information asymmetry in the market
- Must maintain AAA membership
PRICING:
To get a personalized quote, contact one of their agents.
24. Auto-owners’ Insurance
Founded in 1916, Auto-owners’ insurance is headquartered in Michigan. It serves more than 25 US states, has more than 5000 employees, and is worth over $6 billion in annual revenue.
TYPES OF CAR INSURANCE COVERAGE:
- Bodily Injury Liability
- Property Damage Liability
- Medical Payments
- Uninsured Motorist Bodily Injury
- Comprehensive Coverage
- Collision Coverage
You can opt for additional coverages like:
- Roadside assistance
- Additional expense
- Gap coverage
- Diminished value
- Modified vehicle coverage
- Classic car coverage
ADDITIONAL FEATURES:
It offers a lot of discounts and extra features for customers, such as:
- Multi-Policy Discount
- Payment History
- Paid in Full
- Green Discount
- Advance Quote
- Multi-Car Insurance Discount
- Teen Driver Monitoring Discount
- Deductibles
- Good Student Discount
- Student Away at School Discount (student more than 100 miles from home)
- Safety Feature Discounts
- ‘TrueRide’ (This is a discount based on your driving habits)
PROS:
- Excellent customer service
- User-friendly app
- Competitive prices
CONS:
- Online quotes unavailable
- Optional coverages are limited
PRICING:
To get a quote, locate an agent in your area by clicking here.
25. Country Financial.
Founded in 1925, Country Financial is one of the largest insurance companies in the USA. Currently, it has more than 3000 employees and an annual revenue of over $3 billion.
TYPES OF CAR INSURANCE COVERAGE:
It offers the following basic coverages:
- Bodily Injury Coverage
- Property Damage Coverage
- Uninsured Motorist Coverage
- Underinsured Motorist Coverage
- Collision Coverage
- Comprehensive Coverage
- Medical Payments Coverage
- Personal Injury Protection
There are some additional coverages on offer as well. These are optional, however:
- Modified Vehicle Insurance
- Travel Expenses coverage
- Trip Interruption Coverage
- Rental Car Coverage
- Loan coverage
- GAP Coverage
- Emergency Roadside Service
ADDITIONAL FEATURES:
Avail a wide range of discounts here. Some of them are:
- Anti-lock brakes
- Adaptive headlights
- Stability control
- Anti-theft device
- Daytime running lights
- Forward collision warning
- Homeowner discount
- Driver’s education discount
- Family plan discount
- Defensive driver discount
- Clean driving record
PROS:
- Free cancellation policy
- 24*7 availability
- Emergency roadside services
- Online claims and settlement
- Varied policy discounts
CONS:
- No accident forgiveness
- No rideshare coverage
- No vehicle equipment discounts
PRICING:
To get a quote, locate an agent in your area by filling out a form here
Wrap Up
There are a lot of things to consider while choosing the perfect car insurance company for all your needs.
Some things that you need to take into account include discounts, availability, customer service, and coverage options. While the rates of a small insurance company are likely to be more reasonable, but it may lack in other departments like customer service. For instance, all the major car insurance companies have agents that are available at all times via a simple phone call.
It is not an easy decision, but we hope this article was useful and will help you with your decision.