Companies That Provide Cheap Car Insurance in 2022

Which Car Insurance Company Offers the Best Prices for You?

In our ranking, USAA has the lowest monthly vehicle insurance costs. It not only has the lowest prices overall, but it also has the lowest premiums for drivers who have received a speeding citation or been in an accident. Drivers having a military affiliation, such as active service members, veterans, pre-commissioned officers, wives, and children, are eligible for USAA's auto insurance plans.

The second lowest auto insurance provider in our ranking for drivers without a military affiliation is Geico. Aside from USAA, it also offers the most affordable premiums for young and experienced drivers, those with good driving records, and those with low credit scores.

Aside from USAA, State Farm provides the cheapest premiums if you've received a speeding ticket or been in an accident. Additionally, State Farm provides, on average, the cheapest car insurance coverage of any company in our list if you have a DUI.

Our study's rates are based on those who are brand-new to the insurance market and can give you an idea of what you might expect to pay for auto insurance from a different provider. Car insurance rates are highly personalized, so keep that in mind. Your exact rate will vary depending on a number of variables, including as your residence, the vehicle you drive, and your credit ratings. Your driving history is also important to insurers. Some offenses, such as a speeding ticket, a DUI, or an accident where you were at fault, may raise your rates or make it more difficult to get a policy.

Affordable Auto Insurance for Safe Drivers

Geico is likely to offer the most affordable auto insurance rates for safe drivers who aren't qualified for a USAA coverage.

Compared to the national average, Geico's yearly premium of $1,148 is $295 less affordable, saving customers more than 20%. The majority of Geico policyholders, according to our most recent customer survey data, are happy with their customer service encounter and are likely to suggest the company to others looking for auto insurance.

Regardless of the insurance you select, accidents, speeding tickets, and other driving infractions might result in higher rates. Maintaining a spotless driving record will assist you in obtaining the best prices and safe-driver incentives.

Cheap Teen Drivers' Auto Insurance

Regardless of gender, our data show that Geico offers the most affordable car insurance rates for teen drivers. The military community might want to think about USAA instead because it is a little less expensive.

COMPANY	ANNUAL RATE ($)
USAA	1,000
GEICO	1,148
NATIONWIDE	1,267
STATE FARM	1,327
AMERICAN FAMILY	1,371
TRAVELERS	1,371
State-wide Average	1,442

Teen driver insurance premiums typically cost between $4,860 and $5,503 on a national level, but Geico policyholders may be able to save up to 35%. The average annual premium offered by Geico for female drivers aged 17 is $3,166, which is $1,694 less than the national average. Its average rate—which is $1,948 higher than the national average—for male drivers in the same age range is $3,555

Cheap Teen Drivers' Auto Insurance

Teenage Male Drivers' Annual Rates
COMPANY	ANNUAL RATE ($)	Savings
USAA	$3,309	$2,194
GEICO	$3,555	$1,948
STATE FARM	$3,958	$1,545
AMERICAN FAMILY	$3,971	$1,532
TRAVELERS	$5,329	$1,74
State-wide Average	$5,503

Regardless of gender, our data show that Geico offers the most affordable car insurance rates for teen drivers. USAA might be a better option for those in the military community as it is slightly less expensive.

Teen driver insurance premiums typically cost between $4,860 and $5,503 on a national level, but Geico policyholders may be able to save up to 35%. The average annual premium offered by Geico for female drivers aged 17 is $3,166, which is $1,694 less than the national average. Its average rate—which is $1,948 higher than the national average—for male drivers in the same age range is $3,555.

Teenage Female Drivers' Annual Rates
COMPANY	ANNUAL RATE ($)	Savings
USAA	$3,055	$1,805
GEICO	$3,166	$1,694
STATE FARM	$3,233	$1,627
AMERICAN FAMILY	$3,619	$1,241
TRAVELERS	$4,333	$527
State-wide Average	$4,860

Cheap Senior Driver Auto Insurance

Senior Female Drivers' Annual Rates
COMPANY	ANNUAL RATE ($)	Savings
USAA	$853	$392
GEICO	$1,049	$196
STATE FARM	$1,080	$165
AMERICAN FAMILY	$1,120	$125
TRAVELERS	$1,165	$80
State-wide Average	$1,245

Of all the age categories in our analysis, 60-year-olds had the lowest rates, and their annual premiums are typically lower than the national average. Geico, which has the overall lowest prices in our survey, should be taken into consideration by seniors seeking for the cheapest insurance.

Depending on their gender, drivers in this group spend between $1,245 and $1,282 annually for auto insurance. The annual premiums for Geico range from $1,049 to $1,085 and are around 18% less expensive. It's important to note that USAA's prices for drivers 60 and older are considerably less expensive than the national average and Geico's rates. Therefore, those that qualify might want to start by thinking about USAA vehicle insurance.

Senior Male Drivers' Annual Rates
COMPANY	ANNUAL RATE ($)	Savings
USAA	$856	$426
GEICO	$1,085	$197
STATE FARM	$1,120	$162
AMERICAN FAMILY	$1,161	$121
TRAVELERS	$1,211	$71
State-wide Average	$1,282

Affordable Auto Insurance for the Military Community

If you are a part of the military community, USAA should be given consideration. A number of auto insurers provide discounts to military personnel and their families.

In our investigation, USAA frequently gives some of the lowest prices. A safe driver can anticipate USAA premiums that are 31% less expensive than the national average. In addition, USAA offers the most affordable rates for a number of the subcategories we looked at, including those for young drivers, older drivers, those with a history of speeding tickets or accidents, and those looking for the bare minimum of coverage.

If you're thinking about joining USAA, bear in mind that only active-duty and retired military personnel and their families are eligible for its insurance products.

After receiving a speeding ticket, cheap auto insurance

Drivers' Annual Rates Following a Speeding Ticket
COMPANY	Base Rate	Following Ticket
USAA	$1,000	$1,203
STATE FARM	$1,267	$1,409
GEICO	$1,148	$1,481
AMERICAN FAMILY	$1,371	$1,608
Nationwide	$1,327	$1,629
State-wide Average	$1,442	$1,767

Drivers may see increased premiums following a speeding ticket. According to our statistics, insurers raise rates by an average of 23% for drivers who receive a single speeding ticket. State Farm had the smallest rate rise of all the providers in our survey, increasing their rates by only an average of 11%. The typical State Farm rate for motorists with a speeding ticket is $1,409. Comparing that to the $1,767 national average, you may save $358.

The majority of insurers will raise your price for at least three years, if not longer, even though getting one speeding ticket does not guarantee higher rates for the rest of your life. You can discover the lowest prices by shopping about and comparing auto insurance quotes after receiving a speeding citation.

Cheap Car Insurance Following a Collision

Drivers' Annual Rates Following an Accident
COMPANY	Base Rate	After an incident
USAA	$1,000	$1,404
STATE FARM	$1,267	$1,516
AMERICAN FAMILY	$1,371	$1,658
GEICO	$1,148	$1,820
Travelers	$1,371	$1,932
State-wide Average	$1,442	$2,041

For drivers with an accident on their record, the national average rate is $2,041. That is a rate that is 29% higher than what drivers with clean records typically pay. State Farm has the lowest rate in our survey after USAA, and overall, State Farm is ranked No. 2 on our list of the best car insurance companies for 2022. Its annual fee of $1,516 is 26% lower than the average, saving $525 each year.

Affordable Auto Insurance After a DUI

A DUI will typically result in a hefty rate hike for drivers. With a State Farm coverage, paying for auto insurance can be easier.

After a DUI, annual rates for drivers
COMPANY	Base Rate	After DUI
STATE FARM	$1,267	$1,711
AMERICAN FAMILY	$1,371	$1,754
USAA	$1,000	$1,905
Progressive	$1,533	$1,983
Travelers	$1,371	$2,203
State-wide Average	$1,442	$2,320

Our research revealed that, when compared to rates for drivers with a spotless record, the mean yearly rate of $2,320 implies an increase of around 61 percent. After a DUI, State Farm does raise rates, but only by 35%. Drivers who choose State Farm often save about $610 year on their auto insurance, paying $1,711 on average.

In this particular category, USAA didn't come out on top. Its premiums are more expensive than those provided by American Family Insurance and State Farm.

Poor Credit Car Insurance Cost

Rates for Drivers with Bad Credit Per Year
COMPANY	Base Rate	Poor Credit
Geico	$1,148	$1,810
Nationwide	$1,327	$1,837
USAA	$1,000	$1,869
American Family	$1,371	$2,233
Travelers	$1,371	$2,434
State-wide Average	$1,442	$2,524

Rates can rise almost as much as (and occasionally more than) a DUI. Every insurer in our survey raises rates for customers with bad credit, yet Geico may still offer savings to drivers. Its rates for drivers with bad credit are the lowest in our survey and are 28 percent less expensive than the national average.

The average annual rate for drivers with bad credit is $2,524; meanwhile, Geico's average annual rate is only $1,810. That equates to a $714 yearly savings. It's also important to note that Nationwide offers rates for drivers with poor credit that are $1,837, which is only 1% more expensive than Geico's.

It should be noted that in Massachusetts, California, and Hawaii, insurers do not factor in credit score when determining prices.

The State with the Cheapest Auto Insurance

Our research shows that the average annual representative vehicle insurance rate in the country is $1,442. Based on information from nine of the biggest auto insurance providers in the nation, that sum was calculated. Nevertheless, since a number of variables affect a driver's vehicle insurance premium, the results of our study might not be representative of the price you end up paying.

USAA, Geico, State Farm, Nationwide, Travelers, and American Family are among the nine firms in our survey whose average rates are less expensive than the general national average. Average rates from Progressive, Farmers, and Allstate are more expensive than the general national average.

To identify the most affordable insurers in each state, we performed a thorough examination of auto insurance prices for motorists across the US. Your rates will vary because the rates displayed here are a basic average derived from representative driver profiles. It's crucial to keep in mind that your insurance premiums may vary by state and that our data may not include all of the states in which each carrier conducts business.

State	Cheapest Company
Alabama	Geico
Alaska	USAA
Arizona	Root
Arkansas	USAA
California	Progressive
Colorado	Geico
Connecticut	Geico
Delaware	USAA
District of Columbia	Geico
Florida	Geico
Georgia	USAA
Hawaii	Geico
Idaho	USAA
Illinois	Geico

Low-cost Auto Insurance with Minimum Protection

Geico is the least priced option if you're seeking for affordable auto insurance that complies with state minimal requirements.

Rates for Drivers with the Minimum Coverage annually
COMPANY	Annual Rate	saving
USAA	$948	$424
Geico	$1,064	$308
State Farm	$1,191	$181
Travelers	$1,290	$82
Progressive	$1,327	$45
State-wide Average	$1,372

Most consumers will save money with Geico, according to our survey. Geico's low-coverage policies typically cost $1,064 year, which is $308 less than the $1,372 national average. Additionally, Geico does well in our rankings and subrankings for the Best Car Insurance Company.

Drivers who qualify for USAA membership may want to take into account its minimum coverage vehicle insurance despite Geico's inexpensive rates. In our investigation, only USAA's minimum coverage is available for less than $1,000 a year.

Cheap Full Coverage Auto Insurance

Geico is the most affordable business, according to our data, if you want comprehensive insurance protection.

Rates for Drivers with the Minimum Coverage annually
COMPANY	Annual Rate	saving
USAA	$1,056	$462
Geico	$1,238	$280
State Farm	$1,337	$181
Nationwide	$1,348	$170
Travelers	$1,388	$130
State-wide Average	$1,518

The typical annual premium for high coverage with Geico is $1,238. This represents a yearly savings of roughly 18%, or $280 less than the national average. Drivers in the military community should take into account USAA if they are eligible for membership because its prices are still the most affordable overall, as is the case in many other subcategories we evaluated.

Auto Insurance for Low-Mileage Drivers at a Low Cost

Rates for Drivers with the Minimum Coverage annually
COMPANY	Annual Rate	saving
USAA	$935	$549
Geico	$1,086	$398
State Farm	$1,149	$335
Nationwide	$1,313	$171
Travelers	$1,316	$168
State-wide Average	$1,484

Change to a low-mileage plan if you drive less than 6,000 miles annually to potentially save money. The most affordable insurance for infrequent drivers is provided by Geico.

For someone who travels less than 6,000 miles annually, Geico's average premium for low-mileage auto insurance is $1,086. This represents a yearly savings of about $400 compared to the national average, or roughly 27% overall. Drivers in the military community should take into consideration USAA if they are qualified for membership because its rates are still the cheapest overall - roughly $150 less than Geico's - as is the case in many other subcategories we evaluated.