Best Car Insurance Companies Of 2021 – As you explore your car insurance options, it is important to consider the type of experience you want to access with the car insurance company. Do you want a streamlined digital experience? Or would you prefer the touch of an in-person agent?
Additionally, consider the costs of your chosen car insurance policy. Seek out a policy that combines savings with the experience you are searching for.
Compare the Best Car Insurance Companies
Company Average Premiums Available Discounts Purchasing Options Claims Processing Other Available Products GEICO
Best Rates & Discounts $1,100 per year 16 Online, phone, local agent Online, mobile app, or phone call Homeowners, renters, flood, motorcycle, pet, jewelry, business, RV, etc. State Farm
Best Personalized Experience $1,168 per year 11 Online, phone, local agent Online, mobile app, or phone call Boat, off-road vehicle, motor home, homeowners, farm, life, motorcycle, pet, rents, etc. Amica Mutual
Best Claims Satisfaction $1,071 per year 18 Online or phone Online or phone call Homeowners, condo, renters, umbrella, marine, boat, motorcycle, life, pet, wedding, etc. USAA
Best For Military Families $875 per year 13 Online or phone Online Homeowners, travel, life, flood, motorcycle, pet, renters, RV, boat, etc. Progressive
Best For High-Risk Drivers $1,334 per year 13 Online, phone, local agent Online, mobile app, or phone call Boat, homeowners, life, flood, motorcycle, pet, renters, RV, travel, snowmobile, umbrella, etc. Erie Insurance
Best for Young Drivers $2, Online, phone, local agent Phone call Homeowners, renters, ATC, boat, motorcycle, life, etc. Frequently Asked
What Coverage Options Are Available?
With some exceptions, most car insurance companies offer the following types of coverage:
* Bodily Injury and Property Damage Liability, which pays for the other party’s medical care and property damage if you’re found at fault in an auto accident.
* Collision Coverage, which pays for damage to your own car regardless of fault.
* Comprehensive Coverage, which pays for damage to your car in the event of weather damage or theft.
* Personal Injury Protection/Medical Payments, which covers your own medical expenses regardless of fault.
* Uninsured Motorist Coverage, which pays for your own medical and car repair bills if you are in an accident with an uninsured driver.
* Guaranteed Asset Protection (GAP) Coverage, which covers the gap between what is owed on your car’s lease or loan and its current value if the accident caused a total loss.
What Coverage Do I Even Need?
Many drivers go by the minimum coverage amounts set by their state’s regulations because it seems like the most affordable option. However, it’s important to understand what precisely what is included in each policy, before selecting which coverages to add and which to leave off.
In a recent interview withDouglas Heller, an auto insurance expert and consumer advocate, he explained that, “There’s one additional type of coverage that is required—not by the government, but by your car lender. It’s called comprehensive and collision coverage. If you don’t own your car outright, say you have a loan, or are leasing your vehicle, the company financing the car, whether it’s a bank, finance company, or lease company, will require comprehensive and collision.”
What Should I Do When Comparing Car Insurance Companies?
When comparing insurance rates between multiple insurance companies, it’s important to keep several considerations in mind, including the actual coverage you’re receiving (including dollar amounts for each coverage), available discounts, the company’s financial strength rating, and the company’s customer service ratings. Make sure you understand everything about how car insurance works before making your final decision.
When choosing a car insurance company, consider your needs and prioritize your choice based on what is most important to you. While GEICO offers the lowest rates across the board, other companies like Amica offer the best claims satisfaction, Progressive offers great coverage for high-risk drivers, State Farm offers the most personalized experience, and USAA gives amazing discounts to military personnel. Best Car Insurance Companies For 2021
When determining our top car insurance choices, we evaluated each insurance company based on several categories, including: financial strength via A.M. Best, claims satisfaction ratings based on J.D. Power’s latest Claims Satisfaction Survey, and customer reviews from websites such as the Better Business Bureau, Consumer Reports, and more. We also complied comparison data from multiple consumer review websites. Our analysis is an excellent guide, but we encourage you to shop around and compare quotes before committing to a single car insurance provider.