Owning a car is an expensive undertaking. That’s why we generated this list of 5 cheap car insurance providers to help you save money!
In addition to the actual cost of an auto, there are maintenance costs, repairs, gas, and – perhaps most expensive of all – auto insurance. For many car owners, the cost of insurance can be enough to keep them off the road.
Thankfully, there are many ways to decrease the cost of insurance. Insurance prices are set by individual companies, so it pays to shop around and find the lowest cost insurance for your particular situation. We’ve created this handy list of five cheap car insurance providers for 2023 to get you started.
Carrying the minimum amount of insurance as required by law (this varies from state to state) is one strategy to keep costs lower. Many insurance companies also offer discounts of various types, including good driving discounts and cash back or discounted rates for attending drivers’ education programs.
The cost of insurance will also vary by your geographic location, whether you use your car for business or not, the average number of miles driven, the ages of the drivers and much more.
By now, you’ve probably gotten the idea that it really does pay to shop around and find out which company will offer the best deal for cheap car insurance providers for your particular situation. Read on for our top picks.
Cheap Car Insurance Providers
Most people recognize Geico Insurance from their commercial mascot, the Geico gecko, and their claim that you can check prices online with them. What you may not know, is that Geico really does offer a number of cheap auto insurance options.
The majority of Geico’s business is conducted online, which makes it very simple to log in at any time to get a car insurance quote, make a payment or look up answers to questions about your policy. Geico is known not only for their cheap rates, but are recognized as having excellent customer support as well.
Geico’s online rate comparison tool also allows you to compare several insurance quotes besides Geico’s rate, so it can be a great place to start out when you’re looking for auto insurance.
THE GENERAL INSURANCE
The General Insurance is one of the top providers of cheap auto insurance in the United States, specializing in helping individuals find the least expensive policy to fit their needs. For this reason, they offer a wide range of options, from very high-deductible policies to special rates for individuals with less-than-stellar credit scores (which can affect your car insurance rate.) The General Insurance company makes it quite easy to take care of payments and to get a quote online.
The General is also one of the few companies who will insure individuals with driving violations (within reason), and work to find the best rates for your particular situation. You can go to the General’s site online and fill out a quote request, or call their toll-free number to talk with an agent.
The General seems to be a fan favorite when shopping around cheap car insurance providers due to their low fees.
STATE FARM INSURANCE
A recent survey by Lending Tree found that State Farm Insurance had the average cheapest price for liability-only insurance. They offer several different programs to keep costs down including good grade discounts for student drivers, multiple driver discounts, and lower rates for safe drivers. Because State Farm provides not only car insurance, but also covers home and property, you can also save money by bundling these policies together.
If you like to conduct business in person, State Farm could be a great choice, as they have numerous agent offices throughout the United States. This can be a big plus for complex situations, and in the event that you have to file a claim, or have any questions. However, if your preference is for doing business online, they have a robust system for taking care of most needs through their website or by calling their toll-free line to talk with a. customer service agent.
USAA Insurance operates in every state in the U.S. and offers, by far, the lowest average car insurance rates. However, these rates are available only to members and their children. In order to join USAA, you must be a member of the military (or have served in the past), a family of a military member, or a child of any member.
This means that if you have any active or former military members in your family (as many in the United States do) you may be eligible to apply for insurance. It’s definitely worth checking out as the rates are substantially lower than for any other insurance carrier.
USAA is consistently rated as one of the highest for excellent customer service and for being easy to work with, and are easily reachable by phone or online. In addition to cheap auto insurance, they also offer other financial resources for members, such as financial counseling and investment services.
USAA Insurance is another favorite for those who are shopping for cheap car insurance providers due to their low costs.
FARM BUREAU INSURANCE
Don’t let the name fool you; you don’t have to be a farmer to be eligible for Farm Bureau Insurance. This is a nationwide company that partners with various smaller insurance agencies in every state, and they offer consistently low car insurance rates. In fact, they are almost as low as those of USAA Insurance.
The catch is that to get insurance through them, you have to apply for membership. The annual membership cost runs anywhere from $25 to just over $100 dollars. However, since many people say that they have saved upwards of $200-400 per year, this may well be worth the small cost.
To talk to a Farm Bureau agent, you can go online and find out what insurance company the bureau partners with in your state, and contact an agent. They do offer lots of online options, as well. This little bit of extra research might save you big bucks in the end!
Conclusion On Cheap Car Insurance Providers
Remember, there is no one-size-fits-all insurance policy, so it pays to shop around the best cheap car insurance providers and to do some research on your own personal auto insurance needs.
While price, understandably, will pay a big role in your decision-making process, it’s also important to be sure that you have the coverage that you need in the event that something unforeseen should happen to you while driving.