Are you looking for cheap insurance for your car? You’ve come to the correct spot. NerdWallet evaluated auto insurance rates across the country to identify the most affordable car insurance rates for various drivers:
- The most affordable car insurance company in general: Geico
- The cheapest insurance after accidents: Geico
- The least expensive option following the DUI: American Family
- The most affordable option for people with poor credit is Geico
If you’re looking for the best of the best look no further than NerdWallet’s list of the most affordable car insurance companies.
Since the most affordable choice is most likely to be the state’s minimum requirements for car insurance so we concentrated our research on the minimum requirements. In several states, it is called liability-only car insurance which covers damage to property and medical bills for other people caused by accidents that you cause.
The reasons to trust our recommendations Editors and writers adhere to strict guidelines in the area of editorial to ensure accuracy and fairness in our writing and data analysis. We can rely on the rates we provide because our data analysts employ strict measures to eliminate outliers and errors in pricing information, which contain rates from each ZIP code within the nation where coverage is available and data is accessible. When comparing rates for various rates, coverage levels, as well as backgrounds alter only one factor at a time, which means you’ll be able to see the effect each factor has on pricing. Read our methodology.
The cheapest car insurance company: Geico
Geico is the most affordable major auto insurance provider across the United States according to NerdWallet’s most recent study of coverage minimum rates. Geico’s annual average was $354 or 29 dollars per month. Geico also got a 4.5-star review from NerdWallet which you can look over the Geico automobile insurance reviews to find out the reasons.
Cheap auto insurance from the largest companies
| Company | Average annual rate | Average monthly rate |
| 1. Geico | $354 | $29 |
| 2. State Farm | $452 | $38 |
| 3. Progressive | $619 | $52 |
| 4. Farmers | $620 | $52 |
| 5. Allstate | $666 | $55 |
| USAA* | $356 | $30 |
Cheap auto insurance from smaller companies
Finding cheap car insurance doesn’t necessarily mean you should stay with big insurance companies. Central Insurance, MMG and Secura smaller insurers, which provide coverage across multiple states, are even more affordable insurance rates for cars than Geico.
Although availability may be limited Small and regional insurers might be able to beat the most affordable automobile insurance rates from the larger companies. They also often provide outstanding customer service.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| 1. Central Insurance | $257 | $21 |
| 2. MMG | $287 | $24 |
| 3. Secura | $319 | $27 |
| 4. Hastings Mutual | $428 | $36 |
| 5. Mutual of Enumclaw | $499 | $42 |
We picked these companies due to their affordable rates and the fact that they are available across a variety of states. However, there are cheaper auto insurance options in the area you reside. For instance, a lot of Farm Bureau insurance firms are only available in a single state however they were usually among the most affordable when we looked at our research.
How we found the cheapest companies
The editorial team at How to Apk looked at the minimum coverage rates for car insurance from the company that provides pricing analytics Quadrant Information Services. Our study looked at 40-year-old drivers across all ZIP codes in fifty U.S. states and Washington, D.C. With different driving styles and credit scores. All drivers owned a new Toyota Camry L.
Another option is full coverage, however, it could cost you over 1000 dollars more annually in comparison to the minimum annual policy. That’s because it comes with additional coverage like uninsured/underinsured motorist protection and comprehensive and collision insurance.
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Cheap car insurance by state
What is considered cheap insurance for your vehicle will differ according to where you live since rates differ between states.
For the purpose of comparison, we identified the lowest-cost car insurance provider for each state in addition to Washington, D.C.
| State | Cheapest company | Average annual rate |
|---|---|---|
| Alabama | Geico | $261 |
| Alaska | Geico | $274 |
| Arizona | Geico | $272 |
| Arkansas | Southern Farm Bureau Insurance | $261 |
| California | Geico | $374 |
| Colorado | American National | $192 |
| Connecticut | Geico | $421 |
| Delaware | Geico | $568 |
| Florida | Geico | $704 |
| Georgia | Auto-Owners | $314 |
| Hawaii | Geico | $285 |
| Idaho | American National | $135 |
| Illinois | Pekin | $234 |
| Indiana | Pekin | $195 |
| Iowa | Western National | $164 |
| Kansas | State Farm | $322 |
| Kentucky | Kentucky Farm Bureau | $389 |
| Louisiana | Geico | $443 |
| Maine | Geico | $176 |
| Maryland | Geico | $559 |
| Massachusetts | State Farm | $209 |
| Michigan | Travellers | $106 |
| Minnesota | North Star | $259 |
| Mississippi | State Farm | $337 |
| Missouri | Columbia | $289 |
| Montana | State Farm | $213 |
| Nebraska | EMC | $181 |
| Nevada | Geico | $329 |
| New Hampshire | MMG | $209 |
| New Jersey | Amica | $539 |
| New Mexico | Central Insurance | $224 |
| New York | Main Street America | $572 |
| North Carolina | Geico | $278 |
| North Dakota | Nodak | $174 |
| Ohio | Erie | $211 |
| Oklahoma | Geico | $247 |
| Oregon | State Farm | $443 |
| Pennsylvania | Geico | $181 |
| Rhode Island | State Farm | $310 |
| South Carolina | American National | $217 |
| South Dakota | Farmers Mutual of Nebraska | $172 |
| Tennessee | Grange Insurance Company | $193 |
| Texas | Geico | $377 |
| Utah | Geico | $305 |
| Vermont | Union Mutual | $182 |
| Virginia | Geico | $305 |
| Washington | Grange Insurance Association | $327 |
| Washington, D.C. | Geico | $374 |
| West Virginia | Erie | $298 |
| Wisconsin | Geico | $203 |
| Wyoming | Geico | $170 |