The Best Car Insurance Companies in 2024

USAA

About the Company

Former military employees founded USAA. Its overall market share is 6% — a good portion, considering it caters only to a specific social group. 

Unfortunately for many of us, one of the highest-rated car insurance companies in America provides services only to present or former army members and their families. 

USSA has insurance plans for a wide range of vehicles — cars, motorcycles, ATVs, boats, motorhomes, and classic cars. The optional coverage includes roadside assistance and rental reimbursement.

Prices & Discounts

USAA has the lowest premiums in the market — roughly 25% less than the national average.

There are also many discounts available:

• Safe driver. Keeping a good driving record for five years straight will ensure you the cheapest car insurance on the market.
• Driver training. Drivers younger than 21 can get a discount if they complete a basic driving training course.
• Family discount. If your parents are USAA clients, you will have a lower premium.
• Bundle. Purchasing home or renters insurance with the one for your car will get you a 10% discount.
• Military installation discount. You can save up to 15% on the comprehensive package if your car is garaged on your base.

Other discounts worth mentioning are for new or multiple vehicles, loyal customers, annual mileage, etc.

Customer Satisfaction

USSA has a remarkably high J.D. Power rating compared to other car insurance companies — 890/1,000 points. Over 80% of the clients reported being satisfied with the claim resolving procedures in the last five years.

In addition, the company’s consumer complaints are less than the average for organizations of its size. 

Add-ons & Special Features

Enrolling in the “SafePilot” program and installing the app to monitor whether you are driving responsibly will get you a 30% discount on your next insurance policy, securing the best car insurance rates on the market. 

If you don’t cause any car accidents for five years at USAA, your car policy will not be penalized for the first at-fault accident. 

Tech Features

The modern and intuitive USAA website makes it very easy to request precise rates online. You can also manage your entire insurance plan via the company’s mobile apps — from getting car insurance quotes to renewing your coverage.

Unfortunately, this only works for USAA clients. Otherwise, when people want to make a claim, they have to call the customer service number.

Our Verdict

If you are eligible to become a USAA client, don’t waste time thinking about it. The company has some of the lowest insurance premiums and excellent customer satisfaction rates.

Amica Car Insurance

About the Company

Amica is one of the oldest auto insurance companies in the US. It was founded in 1907 in Rhode Island and since then has grown to cover all 50 states. It’s not one of the major players — with only 0.57% of the market — but it has earned a place on this list thanks to the excellent customer satisfaction rates. 

Amica offers insurance for cars, motorcycles, and boats.

Prices & Discounts

Amica car insurance isn’t the cheapest — their average premiums go a little above the national average. But it compensates by offering many discounts that make it one of the best car insurance companies. They include:

• Multiple auto. Insuring two or more cars with Amica will get you a discount of up to 25%.
• Loyalty discount. Clients who’ve spent over two years with the company get a discount that increases over time.
• Multi-line discount. Bundling your car insurance with home, life, renters, or other ones can get you up to a 15% discount.
• Claim-free discount. If you had no claims in the past three years, you are eligible for this discount.

You also get discounts for active and passive safety measures on your vehicle, online or full payments, and others. 

It is the best car insurance for college students, thanks to the long list of discounts tailored to them.

Customer Satisfaction

That is where Amica car insurance shines — it has an outstanding J.D. Power rating of 907/1,000 points. The number of complaints goes slightly above the national average, but most of them came from non-clients.

Add-ons & Special Features

Amica has a couple of intriguing add-ons: 

• Dividend policy. That’s one of the best car insurance cashback programs. Unfortunately, it’s not available in all states. It covers the same items as an ordinary policy, but it gives a refund at the end of the year. The annual amount varies from 5% to 20%.
• Rental car coverage. Amica covers the insurance of a rental, so you don’t have to buy an additional one.
• Points system. You get points for responsible driving, loyalty to the company, purchasing new policies, etc., that you can use for accident forgiveness or much else.
• Identity fraud monitoring. The list of car insurance companies that provide this service is concise. Amica monitors your personal and financial information and informs a fraud specialist if it notices anything unusual. In case you become a victim of identity theft, or you leaked information cause expenses, the company will cover up to $15,000 in losses.

Tech Features

Amica’s website is nicely laid out, and you can easily find the info you need — the best auto insurance plans for you, how to report and track claims, or available car repair shops. 

Even non-clients can make claims through the website without contacting the support agents by phone. Amica apps are available for Android and iOS with the same functionalities.

Our Verdict

Sometimes smaller companies provide better and more personalized service, and Amica is the best example. It’s not the cheapest option but ranks among the best auto insurance companies on the market.

GEICO Car Insurance

About the company

The Government Employees Insurance Company was founded in 1936, and currently, it’s the second-largest insurer in the US, owned by Warren Buffet’s company. 

It covers all 50 states and DC, and you can get a liability policy for cars, motorcycles, classic automobiles, RVs, ATVs, and boats. 

Prices & Discounts

GEICO has one of the best home and auto insurance, and its prices are slightly below the national average. The premiums depend on many factors, so it’s best to consult an online calculator to get an exact number.

The company also offers a wide array of discounts that can significantly lower the final price. Some of them are:

• Multi-vehicle discount. If you insure more than one vehicle, you will get a discount of up to 25%.
• Multi-policy discount. GEICO is among the best home insurance companies, and if you bundle up your policies, you get high-quality security and save money in the process.
• Military and emergency deployment discounts. GEICO offers military members a great variety of discounts. For example, former and active army personnel get a 15% discount and an additional 25% if they get an emergency deployment order.
• Eagle discount. This 8% discount is reserved for former and active federal employees.

As with other top car insurance companies, you can get discounts for safe driving, clean record, and active and passive car safety features, such as ABS, airbags, alarms, and daytime lights.

Customer Satisfaction

GEICO has 871/1,000 points on the J.D. Power survey — a good result for such a large company. Another customer satisfaction study rates GEICO as the best large insurer. Overall, the company has a fine reputation but a slightly high complaint rate.

Add-ons & Special Features

Rideshare. Clients who like to use Uber or Lyft can benefit from this insurance option. It perfectly fills the gap between your policy and the commercial ones provided by the rideshare companies.

GEICO’s prime time contract. While other top auto insurance companies give people over 50 a hard time renewing policies, GEICO guarantees it if a client:

• Is at least 50 years old
• Doesn’t have co-drivers under 25
• Had no incidents in the past three years
• Doesn’t use the vehicle for commercial purposes

Tech Features

GEICO has an excellent website and mobile apps. You can find quotes, file and track complaints, pay your bills, etc. 

You can also get in touch with the virtual assistant, Kate, who can answer most of your questions.

Our Verdict

GEICO is the second-largest policy provider on the market and offers low rates, a lot of discounts, and good customer support.

Nationwide

About the Company

Nationwide was founded in 1926 in Ohio as a farmer-centered insurance company. Since then, it grew to be one of the major players on the market, with over 6.6 billion in car policies. 

It operates in 46 states and holds about 4% of the total US market. In terms of financial strength — it’s 76th on the Fortune 500 list and one of the top-rated insurance companies. 

Nationwide is also considered one of the best companies to work for. 

Prices & Discounts

Nationwide clients pay about 3% less than the national average. While it might not sound like a lot, the numbers can vary significantly. 

The company offers excellent insurance plans and different discounts that can lower your premium even further.

• Bundle discount. You can save up to 20% if you purchase additional insurance plans.
• Paperless. If you complete the entire procedure online, you will be eligible for a discount.
• Plenti program. Nationwide membership will get you discounts on many major brands such as Hulu, Rite Aid, AT&T, ExxonMobil, and Enterprise Rent-A-Car. So, if you are a regular client of any of them, Nationwide would be the best cheap car insurance for your needs.
• Advance quote discount. Buying a policy within 24 hours of getting a quote gets you a 5% discount.

In addition, you can get discounts for safe driving, active and passive safety measures on your vehicle, loyalty discounts, and more.

Customer Satisfaction

Nationwide has an excellent J.D. Power rating of 876/1,000 points and above-average customer satisfaction scores.

Add-ons & Special Features

• Nationwide’s OnYourSide. A company specialist will review your insurance policy to ensure you get the best coverage for your needs. 
• Identity theft coverage. Nationwide will cover up to $10,000 in losses caused by identity theft.

Tech Features

The website and the phone apps are excellent — you can see which insurance plan is best for your car, get quotes, make claims, etc. You can even use Amazon’s assistant, Alexa, to help you out. 

Another interesting feature is the SmartRide app. It monitors the driving style and ensures responsible clients get up to 40% discount.

Our Verdict

Nationwide is a company with tradition, solid finances, and good customer ratings. If you can find a suitable plan for you, it’s definitely an excellent buy.

Progressive

About the Company

Progressive Insurance was founded in 1936 in Cleveland, and now it is the fourth-largest insurance company in the US. It operates in all 50 states — it has a 13.3% market share — and offers insurance for all vehicle types.

Prices & Discounts

The company has slightly below the average prices, and it’s one of the cheapest options for drivers with previous driving offenses. Progressive offers many discounts to lower its premiums further. Some of them are:

• Homeowners. It is the best auto insurance company for property owners, even if your home policy is not with Progressive.
• Multi-policy. Bundling your car coverage with home, renters, or any other type of insurance will get you a discount.
• Multi-car. The more cars you insure with Progressive, the larger the discount will be.
• Continuous insurance. The company rewards successive car insurance periods, regardless of the provider.
• Good and distant student discounts. Both students who study far away from home and those with good grades are eligible for price reductions.

Progressive is one of the best cheap auto insurance companies for cautious drivers. It has many discounts for a good driving record. There are also deals for buying insurance after receiving an online quote, digitally signing documents, paying in full or online, etc. Discounts can significantly reduce the initial price, and we suggest you look into them thoroughly. 

Customer Satisfaction

Progressive has a J.D. Power rating of 856/1,000 points, placing it in the 21st place in the list of auto insurance companies. It might not sound impressive, but most large companies don’t rank that well compared to smaller organizations’ personalized approach and accessibility.

Add-ons & Special Features

• Name your price. This feature suggests the best insurance options for you, based on the amount you want to spend.
• Gap Insurance. It’s recommended for people who are paying off their new cars. If their vehicles get totaled in an accident, the company will pay off the difference between the car’s worth and the remaining loan.

Tech Features

Progressive’s website and smartphone apps are intuitive and allow you to find out what is the best car insurance plan for you, get quotes, file and track claims, and more. “Snapshot” is an interesting tech feature, offering a significant discount by enrolling in the program.

The smartphone app or a plug-in device will monitor your driving patterns, and if the company deems you as a safe driver, you can get a premium deduction of up to $146. Keep in mind that irresponsible driving will actually raise your costs.

Our Verdict

Affordable prices, especially for drivers with driving offenses, a wide array of discounts, and good coverage make up for the suboptimal customer support.