Table of Contents
- Cheapest Car Insurance Companies by Category
- Cheapest Car Insurance by State
- How to Get Cheap Car Insurance
- Methodology
- Ask the Experts
- Cheap Car Insurance FAQ
Cheapest Car Insurance Companies by Category
| Insurance Company |
Monthly Rate |
| Geico |
$203 per month |
| USAA |
$201 per month |
| National General |
$452 per month |
Cheapest Car Insurance Companies for Full Coverage: Geico
Full coverage refers to a policy that goes beyond the minimum state requirements and includes both
collision and
comprehensive coverage. Because full coverage protects you in more situations, it costs more than the minimum required coverage.
Learn more about the
cheapest full coverage companies.
Cheapest Car Insurance Companies After a Ticket: USAA
After a speeding ticket, most drivers will see their
insurance rates go up for 3-5 years. The extent to which premiums rise after a ticket can vary significantly by insurance company, however.
Cheapest Car Insurance Companies For Drivers with One At-Fault Accident: USAA
One
at-fault accident will increase the average driver’s car insurance premium by around 50% for 3-5 years. The penalty is more severe with some insurance companies than others, though.
Learn about what an at-fault accident is and how to deal with one.
Cheapest Car Insurance Companies After a DUI: National General
Insurers always charge drivers more for coverage after a
DUI conviction, given what such an infraction indicates about the driver’s risk profile.
Learn more about the cheapest car insurance after a DUI.
Cheapest Car Insurance Companies for Drivers with Poor Credit: National General
Less-than-good credit can lead to higher car insurance premiums, but there are two ways to avoid paying more than necessary as a result of a poor credit score. One is to work on improving your credit, which
WalletHub’s personalized advice can be a big help with. The other is to comparison shop for car insurance.
Learn about no credit check car insurance companies.
Cheapest Car Insurance Companies for Young Drivers: Geico
Since young drivers have less experience behind the wheel, insurers tend to charge them higher rates than more mature drivers. On average, most drivers will see their rates drop as they get older, with a considerable decrease once they turn 25 years old.
Learn more about the cheapest car insurance for young drivers.
Cheapest Car Insurance Companies for Older Drivers: Geico
Although mature drivers pay less for car insurance than teens, older drivers start to see their rates go up as they enter their senior years. By simply comparing quotes, older drivers can save hundreds of dollars per year.
Learn more about the best car insurance for seniors.
Cheapest Car Insurance Companies for Other Categories
Cheapest Car Insurance by State
10 Tips for How to Get Cheap Car Insurance
1. Get a car that’s cheap to cover.
Certain car models cost more to insure than others. Cars that are safer and cost less, like minivans and SUVs, are
cheaper to insure than expensive, fast sports cars.
2. Be on your best behavior.
Safe drivers with no history of accidents, tickets or arrests can look forward to cheaper rates than people who haven’t been as responsible. Convicted felons will also often have to pay more, even if their record isn’t related to driving.
3. Take advantage of discounts.
You may be able to get
discounts if you are a veteran, get paperless statements, have a good driving record, bundle policies, are a student or have an anti-theft system, to name a few.
4. Build good credit.
Your credit score will often factor into your auto insurance rates – people with no credit pay 67% more than people with excellent credit on average. Insurers know that financial responsibility often correlates with responsibility in other areas of life. People with poor credit are more likely to file an insurance claim. To boost your credit score, always pay you credit bills on time and try to use less than 30% of your available credit.
5. Look locally.
There are several big-name nationwide auto insurers with lots of satisfied customers, but you don’t necessarily have to get coverage from a company that takes clients from all across the country. Plenty of car insurance companies only cater to customers in certain regions or states. These
local insurers may provide lower rates but are often overlooked. Make sure to include them in your comparison, at least.
6. Choose a higher deductible.
An insurer may lower your monthly rates in return for a higher
deductible - the amount you personally have to pay when you make a claim. That can save you money if you never have an accident. This approach makes the most sense for people who are very infrequent drivers.
7. Select less comprehensive coverage.
There are many types of car insurance. You will usually need
liability coverage, to pay for the other person’s damages if you’re at fault in an accident. But you may not need
collision coverage (pays for your repairs) or
comprehensive coverage (pays for non-accident-related damages). Both pay out based on your car’s current value.
If your car is older and will cost more to fix than to buy a new vehicle, it may not be worth it to pay extra for
full coverage. And if your choice is between getting minimum coverage and no coverage at all, definitely get minimum coverage so you comply with the law. You can learn more from our guide on
how much insurance you need in each state.
8. Consider pay-per-mile plans.
You don’t always have to pay a set amount per month. There are also plans based on how much you drive. If you have a car but rarely use it or only drive very locally, a
pay-per-mile plan may be best for you. The insurance company will place a device in your car that tracks your mileage. It may also track things like your speed and braking, which could affect your rates positively if you’re a safe driver and negatively if not.
9. Give it some time.
If you’re a young driver, the combination of time and good behavior behind the wheel will gradually lead to car insurance savings. Car insurance premiums tend to be highest
when you’re a teenager, and you can expect to pay the cheapest car insurance rates from around
age 30 to 65.
10. Use all the tools at your disposal.
There’s more information available to car insurance shoppers now than ever before. Not only do you have comparison sites like WalletHub to help guide you to the cheapest car insurance options that also provide quality coverage, but you can benefit from both the wisdom of the masses and the capabilities of artificial intelligence. So, see what people on forums like Reddit have to say and check whether ChatGPT’s recommended approach lines up with what you were thinking of doing.
For example, if you ask the Reddit community for advice on how to find cheap car insurance, you’ll find people who recommend bundling policies, switching insurers on a regular basis, and trying usage-based insurance. Some people also recommend
budgeting better to make more room for insurance costs and exploring alternative means of transportation.
Methodology for Selecting the Cheapest Car Insurance Companies
WalletHub’s analysis of cheap car insurance companies is based on data from the state DMVs and Quadrant Information Services. Together with that data, WalletHub used the characteristics listed below to create a driver profile designed to identify the cheapest car insurance companies nationally. Given that prices and data availability vary widely across the country, WalletHub compared the cost of major car insurance companies by averaging each insurer's premiums across the three largest states.
In the table below, you can see all of the profile characteristics that were used in WalletHub’s analysis.
| Category |
All Profile Characteristics |
Good Driver Profile |
| Gender |
Male, Female |
Male |
| Age |
16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 35, 45, 55, 65 |
45 |
| Marital Status |
Single, Married |
Single |
| Teenage Driver Included on Policy |
No, Yes |
No |
| Driving Record |
Clean, One Speeding Ticket, One At-Fault Accident, One DUI, Suspended License, Open Container, Red Light Infraction, Reckless Driving, One Not At-Fault Accident |
Clean |
| Miles Driven Per Year |
7,500 Miles, 15,000 Miles, 20,000 Miles |
15,000 Miles |
| Coverage Level |
Minimum, Standard, Full |
Minimum |
| Discounts |
None, Multi-Policy, Homeowner, Student |
None |
| Credit Level |
Poor, Good |
Good |
| Filings |
None, SR22, FR44 |
None |
| Car |
Sedan, Minivan, SUV, Coupe, Truck |
Sedan |
Below are additional details regarding the terminology and specific characteristics of the variables in the above table:
- Minimum Coverage: State minimum coverage requirements.
- Standard Coverage: Coverage levels of 50k/100k/25k of liability coverage and 50k/100k/25k of uninsured motorist coverage.
- Full Coverage: Coverage levels of 100k/300k/50k of liability coverage, 100k/300k/50k of uninsured motorist coverage, and collision and comprehensive coverage with a $500 deductible.
- Sedan: 2018 Toyota Camry.
- Minivan: 2018 Dodge Grand Caravan.
- SUV: 2018 Toyota RAV4.
- Coupe: 2018 Ford Mustang.
- Truck: 2018 Ford F-150.
Where driver profiles are not specified, WalletHub used the good driver profile, using the above variables. Quote information is from Quadrant Information Services and is representative only. Individual rates will be different.
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