It’s a fact of life that unless you live in a major city, you need a car to get anywhere in the country. That means you need car insurance, and as all drivers know, policies can be alarmingly expensive. Thankfully, the team at Value Penguin has put together a list of the cheapest car insurance policies.
Every policy on this list is liability-only, which is to say, the lowest level legally available. These rate estimates depend on your state; for example, if you live in a no-fault state like Florida, it will be far more expensive. Shopping for insurance can be confusing and time-consuming, so hopefully, this guide will help make things a little easier.
Farmers
Farmers is an interesting case, as it routinely rates 14% more expensive than the average policy, but there’s a catch: some of the best available customer service and the ability to customize your policy. Farmers will run you around $99 a month for straight, no-frills, liability-only insurance.
AllState
At $93, AllState is a great option that can be significantly cheaper. With an extensive list of potential discounts, from the SafeDriver discount to Drivewise, you might be able to pay well under the average. The largest advantage AllState has is the size of its agent network so that no matter where you live, there’s going to be an agent nearby.
Amica
The $91 rate for Amica comes with a catch since that rate will not be possible for a new driver. If you’re an established driver, the sign-up and claims processes through Amica are some of the easiest in the industry. If you have traffic violations, keep looking, but if you have a clean and safe record, Amicia can be an underrated option.
Nationwide
Not only is Nationwide by your side, but so is more of your money, with an $80 average for car insurance. The deeply discounted usage option may not be available in your state, and even if it is, at a 12,000 miles a year limit, that might only work for some lifestyles. It’s worth reaching out to an agent to find out if you fall in the narrow use case that makes Nationwide one of the best options.
Travelers
Travelers is known for comprehensive umbrella policies, but if you only need car insurance, it’s still worth looking at this company. At $70, it’s affordable, but the catch is that you need to pay the bill in full every month, and as with all insurance companies, one accident will make the rate significantly higher. If you want coverage options, Travelers can be a good choice, but be aware of the downsides.
Progressive
If you have a motorcycle, Progressive is one of the best options available, even if you have a few traffic violations. At $66, Progressive’s rates, even for drivers with a DUI, are some of the most affordable. As the largest insurance company in the country, options will be available in every state, but by covering motorcycles with custom parts, there’s no better option for bikers.
Geico
Geico might be your best option if you have poor credit or even no credit. $61 for liability-only is a fantastic rate, and even then, upgrading to full coverage averages $258 a month, over 15% under the national average. Geico’s large list of potential discounts, from usage rates to safe drivers, can make it even more affordable for qualified drivers.
American Family
Suppose American Family is available in your state. In that case, it might be the best option, as the $61 average can be significantly reduced with the largest amount of discounts of any insurance company. Unlike most of the other insurance companies, American Family will offer a discount for safe teen drivers and students, making it the best option for young drivers.
State Farm
A liability-only option through State Farm will run you $50 on average, a rate no other company can compete with, thanks to its status as the largest auto insurance company in the country. The catch is that you have to find a local agent to purchase a policy, but if you live in one of the 18 states that offer the largest discounts, State Farm is, on average, the best option.
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