You’ve come to the perfect site if you’re seeking the cheapest vehicle insurance. We looked at prices from auto insurers all over the country to locate low-cost car insurance for a wide range of drivers.
We focused our rate study on the lowest vehicle insurance, likely to be the minimum coverage necessary in your state. Many states just need liability insurance, which covers property damage and medical expenditures incurred by others due to accidents you cause.
The most recent review of basic coverage costs shows that Geico is the cheapest major vehicle insurance carrier in the US. The average annual rate for Geico was $354, or roughly $29 each month. NerdWallet gave the company a 4.5-star rating.
The cheapest annual auto insurance rates for five of the country’s largest motor insurers are listed below. For a few smaller businesses, we also supplied average rates. Only state-mandated minimum coverage is included at this pricing. A 40-year-old man with no moving offenses and credit in the good tier is a good driver profile.
These are simply averages; your best deal on car insurance may be different.
- USAA insurance only for retired personnel comes with an annual rate of $356 and a monthly rate of $30.
- Geico is on the top of the list with an annual rate of $354 and a monthly rate of $29.
- State Farm is second on the list with an annual rate of $452 and $38 per month.
- Progressive comes with an annual rate of $619 and a monthly rate of $52.
- Farmers’ insurance comes with an annual rate of $620 and a monthly rate of $52.
Full coverage is another option, although it can cost more than $1,000 more per year on average than an annual minimum policy. That’s because it includes uninsured/underinsured motorist protection and comprehensive and collision coverage.
Visit our blog section to learn more about different types of auto insurance and their rates.