Who Has the Cheapest Auto Insurance?

People always ask questions like who has the cheapest vehicle insurance rates; do you know a company that usually offers low quotes for your friends, family or colleagues? Or something like which insurer offers the most affordable prices for young drivers. We will try to answer these questions below as best as we can. Insuring an automobile may require a little bit of work but getting it right will put your mind at rest and can save you a lot of money.

What to Know about the Competitive Car Insurance Rates 

There are so many factors considered when premiums are calculated that it is difficult to say which company will offer the best quotes for a particular applicant. Age, gender, driving history, claims records, driving experience, type of vehicle driven, zip code, your education level and profession, credit history, yearly mileage and other drivers listed are only some of the factors used by companies. When you are getting 10% good student discounts from one company the other can offer you much better rates by giving 20% discounts for driving a safe car and low yearly mileage.

For example, people with bad credit records may think that a company who has the best auto insurance rates for them would be the one not basing premium calculations on credit ratings. They would look for such carriers due to this false assumption and ignore the ones that are more likely to offer good quotes. However, insurers who don’t check credit may be already very expensive to start with that they wouldn’t be able to offer competitive rates.

In the same way, you may be looking for a company who has the lowest vehicle insurance for younger drivers. Even though they may say they are specialist that doesn’t mean they will offer good rates. A traditional company you never thought would offer good rates to teenagers may be the one with the best rates for you at the end. There are so many examples to offer. A company may advertise offering 10% discounts for loyal customers. This would suggest that such company’s customers would do well by staying put. However, another company may offer them 20% discount for switching.

Furthermore, these discounts and savings may be available today and gone tomorrow. It is possible that your friends may have gotten great rates from a particular company but their circumstances would be much different than yours. You can check for companies that are known to offer low quotes for young drivers. Nonetheless, you mustn’t neglect getting several quotes from other companies including traditional insurers.

So, Who Has the Cheapest Car Insurance Rates for You?

Saying all that above, there are still valid starting points to consider depending on your background and what type of a driver you are. Generally, specialization happens for various reasons and this can be seen among automobile insurers too. Some companies are better for certain types of risks and drivers and that is why they offer the lowest prices in that area. Keep all of the points in mind when you are searching for the best deals.

Here is our list of cheap auto insurance companies who have been mentioned on various other posts on this site. This list is in no particular order. And depending on where you live and what type of a driver you are one or two of these companies should offer you affordable quotes.

State Farm Progressive Nationwide
GEICO Farmers Travelers
Farm Bureaus Liberty Mutual American Family
Auto-Owners Hartford Grange Mutual
Allstate Titan Safeco

If you fall into two different driver categories you should check with both group of insurers in those categories. Also, you should remember to get several other random quotes to see how these cheap companies are doing lately. Sometimes, companies can turn off their low rates for a short while or the cheap offers that make them competitive may expire. The secret is to keep looking until you find the lowest price for the coverage you want. Remember, it doesn’t take long before you start getting clued up about insurers and their rates. So, don’t be discouraged by one or two high premium quotes and give up too early.

Every driver would have a unique combination of circumstances like experience, credit history, age, zip code, vehicle and listed drivers that it is difficult to say which are the best car insurance companies for you. However, this website directs you to several companies that are known for being generally cheap and better for certain types of drivers, risks and concerns. For example, following the previous link will reveal the companies with the highest claim satisfaction records. So, a lot depends on how deep you dig to find the best policy that meets all your requirements.

Who Are the Cheapest Car Insurance Companies?

As mentioned above, some carriers are known to be generally competitive and yet they don’t have the best prices nationwide. Since every state has its own insurance laws we need to look at the insurers who are likely to offer the best quotes in your state. Follow the previous link to find the companies with the lowest quotes in your state. Again, remember to get a few more quotes from other carriers to increase the number of insurers in the mix to compare.

One of the common mistakes made when buying car insurance online is to assume that insurers would have about the same rates and therefore it is pointless to get many quotes. This assumption cannot be any wrong as every company is so much different from the next one. Even two of the largest auto insurance companies can give you quotes that are as much as $1,000 different from each other. 

Your personal preferences are another factor that will affect your choices. It is good to have certain preferences and there is no need to worry that they will restrict the number of choices available. Even if you want to be insured by one of the top 10 largest carriers in the country you have 10 quotes to get. As you see, the links contained in this post can be very handy to narrow your search and increase the chance of finding the one insurer who can fully satisfy your requirements.

It may appear to be complicated and time consuming to find who has the cheapest automobile insurance rates for you. You will need to spend a little time to find the best auto insurers for your circumstances. Only then you get the desired coverage with savings and be totally happy about your policy. That is why you should spare a little time and work your way through several possible carriers. Why not start by getting a few quotes right here. Our panel of insurers are known to offer the most competitive auto insurance quotes.

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