The Best Car Insurance Companies in February
Each person who buys car insurance gets a policy that is made just for them. Insurance companies think about your age, where you live, your driving record, your credit history, and a lot of other things when they decide whether or not to cover you and how much that coverage will cost. The rates that different drivers pay for car insurance depend on how they drive.
Military people can get cheap car insurance
There are many ways for current and former military members to get discounts on their car insurance based on their service. A number of insurance companies offer discounts to people in the military or who have served in the military.
One of the companies we looked at, USAA, only sells car insurance to people in the U.S. military. It also has some of the lowest rates of the companies we looked at in a number of different categories.
USAA’s rates are almost 34% less than the national average for drivers with clean records, making them the cheapest we found. Based on our data, it’s also the cheapest choice for people with a single speeding ticket or an accident on their record. The company also has the least expensive car insurance for drivers who only want the minimum coverage.
After getting a speeding ticket, State Farm offers cheap car insurance.
The effects of a speeding ticket on car insurance rates can last for years, so it’s important to look at all of your options when you’re thinking about coverage after getting a ticket.
State Farm has the cheapest annual rates for drivers with a single speeding ticket out of all the companies we looked at for our Cheap Car Insurance Companies of 2023 ranking, except for USAA, which only serves the military.
Our research shows that State Farm’s sample rate of $1,413 is $134 more than its average annual premium for drivers with a clean driving record. This is an increase of about 10%. The company’s rates for a driver with one speeding ticket are $522 less than the average rate across the country.
After a speeding ticket, insurers often raise rates, but some increases are easier to deal with than others. You can find the best rates on premiums by shopping around.
State Farm offers cheap car insurance after an accident.
If you have been in an accident in the past, you might want to check out what State Farm has to offer as you look for the cheapest car insurance. Our research shows that the company has the lowest average annual rates for drivers with only one accident on their record. Drivers who have been in an accident only pay less with USAA.
The average annual rate for a driver with one accident at State Farm is $1,522. Compared to the average rate we found for companies across the country, that’s a $690 savings.
State Farm’s rate for drivers who have had just one accident is $243 more than its rate for drivers who have never been in an accident.
Low-Cost Auto Insurance When you get a DUI, State Farm
After a DUI, a driver’s car insurance rates are likely to go up a lot. The national average annual rate for a driver with one DUI is $2,675, which is 73% more than the rate for a driver with a clean record, which is $1,547.
State Farm, on the other hand, has the lowest rates for drivers with a DUI, even lower than USAA, which is rare. In most of the categories we looked into, USAA offers its military members the best deals.
State Farm’s average annual rate for a driver with a DUI is $1,717, which is $958 less than the average rate across the country. This is a 36% savings.
The company charges $438 more for drivers with a DUI than for drivers with a clean driving record.
Geico has cheap car insurance for people with bad credit.
Along with the type of car you drive and the number of claims you’ve made in the past, your credit-based insurance score is another thing that can affect how much you pay for auto insurance.
The Insurance Information Institute says that this score, which is based on a person’s credit history, payment history, and amount of debt, can predict how likely it is that a person will file an insurance claim. (Note that this is illegal or limited in Massachusetts, California, Hawaii, Michigan, Maryland, Oregon, and Utah. In March 2022, Washington also put in place a rule that will last for three years.)
Our research shows that Geico has the lowest average annual rate for most drivers with bad credit. USAA’s rates were the lowest among the companies we looked at, but only people in the military can get car insurance from USAA.
Other than USAA, Geico has the lowest rates for drivers with bad credit histories, with an average rate of $1,975. Its rates for drivers with bad credit are almost 32% lower than the average rate across the country.