Majority of drivers have confusingly many choices when it comes to covering vehicles. In fact, there are over 200 of them in the US according to J.D. Power. Even the states with the least number of firms have around 100 of them selling auto policies. However, people don’t just look for any but the list of the cheapest, best, most trusted, largest, mutual, local ones and it goes on. We have been compiling them for a while and it is probably time to release the ultimate list of car insurance companies now. Have a good read and see if any of them can save you some money.
The Ultimate Most Competitive Carriers
The premium can be substantially lower when you find the most affordable quote in your area. In some places the premium for the same coverage can be as much as 8 times different between the cheapest and most expensive. You don’t want to leave it to luck for the fear of ending up with the most expensive one. Perhaps, you are on this website to find out the companies with cheapest auto insurance. It is in our domain name after all.
We have been coming across a few names being mentioned as cheaper in various studies and surveys. So, we put them together to make our list of car insurance carriers with low rates below. It is in no particular order and depending on what type of a driver you are and where you live a few of them should give you affordable rates. They are a fairly mixed bunch.
Furthermore, to do justice to our name, we have spent a bit of time to bring you an extensive list of cheap vehicle insurance companies in every state. This offers you the top three based on quotations for a typical middle-aged driver. Three may not sound extensive enough but it is a good start.
The Cheapest Automobile Insurance Firms Based on Driver Profiles
This is similar to the above in the sense that it identifies the most competitive again but this time it is based on driver types. Expectedly, they do profile applicants. Depending on risk tolerance they either encourage or discourage certain drivers by adjusting quotes accordingly. For example, not many of them are keen on high risk drivers. Therefore it becomes necessary to find the ones that are not afraid of covering high and nonstandard risks if you are either one of them and want affordable quotes. This brings us to our next line up.
High Risk Carriers
Most of them want an arm and a leg to cover a high risk driver. Certainly, some of them are worse than the others. For example, young drivers may be the highest risk category but they can usually get reasonable prices from the best or largest as well as the specialized sources. On the other hand, drivers with DUI conviction may find that a few of them would refuse or give a “piss-off” quote that has hardly any chance of being accepted.
Then, sometimes you may struggle to find affordable coverage because you are not a standard applicant. For example, you may be sharing the apartment with someone who has an international driver licence and don’t understand why they are making a big deal out of it. You may find that you need the list of non standard auto insurers in such cases and it includes high-risks.
The Best based on Customer Satisfaction
Firms like J.D. Power & Associates regularly rank financial services firms based on various factors. We have looked at one of those rankings based on Customer Satisfaction and compiled our findings under 11 distinct regions in the US. So, here is an extensive list of best automobile insurance companies wherever you live.
You can find out how each of them faired in the study. You can also read more about the methodology and what it is based on. Probably there is nothing better than customer satisfaction and therefore this is worth checking. Again, we have included only the top 3 but you can supplement it with the others.
Top 10 Auto Insurance Providers for Claim Satisfaction
What better way of ranking them than their claim payment history? It is based on responses J.D. Powers received from over 10,000 actual automobile policyholders who settled a recent claim. There is no doubt that claim satisfaction is a very import data to consider. It doesn’t mean that you are planning on making a claim but you don’t want to be messed around if you have one. After all, why would you buy a policy if you believe there is no chance of you making a claim?
You may not always get the best prices from the names with good claims records. Then, you may want to check the claim records of the ones that offered you cheap quotes. You can always check this information through the states ins. department or just ask the agent. It is not as secret as it sounds. There is actually a list of worst vehicle carriers prepared by American Association for Justice. You might want to have a quick look at it and see if you would agree with it based on what else you have heard and read.
Top 5 Car Insurance Companies with National Presence
Some people may take extra comfort from the fact that it is not just a local but it is a large national corporation. This ranks the nationally available ones using several customer satisfaction metrics. This is for people who don’t just want a big, strong and reputable company but also want it to be highly recommended by its customers.
10 Largest Vehicle Insurers in the US
They are the big 10 based on market share. In other words, these are the ones with the highest policy sales. The general logic here is that they cannot be this popular if their policies weren’t pretty good, prices affordable and come with good service and claim payment history. Actually, most of them have a pretty satisfactory claim payment record. They pay 60 – 70% of premiums collected back out to motorists with claims. In addition several of them are mutual companies if you prefer mutual.
Wikipedia has them too but it hasn’t classified which ones offer vehicle coverage. It still shows that there are plenty choices.
There are many reasons why people choose certain way. And there are people who cannot tell you why they chose theirs. They just took the first offer they got and never looked at alternatives, not then and not since. There is no guarantee that you will get it 100% right but you can only try.