Find the best and cheapest car insurance companies ranked below.  

1. Geico  

            

Multiple studies show that Geico offers the cheapest rates nationwide.  Be sure to ask or research current discounts before getting insurance!

Geico “If you are looking for outstanding service and competitive rates, the GEICO Insurance Agency, Inc. is the right choice for you. We go the extra mile to help you save money, with customized policies through our trusted partners.”

Market Share: 10.24%

 

2. Progressive

          

Progressive comes in at number 2 on this list for cheap car insurance but it is worth nothing that based on nationwide average current quotes Geico put Progressive in a distant second.

Progressive “If something happens to your car, we guarantee your repairs with our trusted network repair shops and Progressive Service Centers—for as long as you own your car. Just drop your car off, pick up your rental and go.”

Market Share: 8.45%

 

3. State Farm

        

State Farm is in a virtual tie with Progressive in terms of price. The last half decade the two companies have consistently offered one of the lowest rates for auto insurance.

State Farm “We like to step up to the plate by handling every claim with care and precision. Our exceptional claims service has been delivering on our promises ever since we handled our first claim. Immediate, personal claims assistance is available 24 hours a day, 7 days a week, all year long.”

Market Share: 18.48%

 

4. Allstate

        

Among the top players in the assurance world Allstate falls dead last with the highest average annual quote. So why despite being the highest price company on the list would Allstate continue to thrive? Apparently they are one of the most personable and highest rated companies.

Allstate “When you choose Allstate, you not only get quality insurance coverage, but you also get the experience and knowledge of an Allstate agent. Your knowledgeable agent is there to help answer all your questions, assist you in navigating your insurance options and provide you with helpful support.”

Market Share: 9.93%

 

5. USAA

            

If your an active military member, veteran or family member chances are you are with USAA. This is because USAA actually comes in as the cheapest car insurance rate according to all studies.  Unfortunately if you haven’t served or you aren’t a family member of a service member this is not an insurance option available to you.

USAA “SAA was formed by service members for service members. Our belief that we are stronger together has kept us focused on our membership’s best interests since 1922.”

Market Share: 5.04%

 

6. Liberty Mutual Insurance Cos.

         

Much like Allstate Liberty Mutual does not concentrate on being the cheapest insurer but rather one that attempts to offer a better service for a higher premium.

Liberty “Throughout our operations around the world, we are committed to providing insurance products and services to meet the needs of individuals, families, and businesses; offering a diverse and dynamic work environment for our employees; and supporting our communities.”

Market Share: 4.97&

 

7. Nationwide Group

           

Nationwide concludes the list of the big major insurance players. It boasts to be one of the top insurers out there but its annual average rate fails to make the top of the list. Always worth quoting as many companies as you can!

Nationwide “After an accident, you want things to get back to normal fast. File your car insurance claim and choose a repair shop in our network to get a written guarantee for as long as you own your vehicle.”