- Advertisement -

Who has the Cheapest Car Insurance [2022]

If you are looking for a company who has the cheapest car insurance coverage required for the state you reside in, then you should read this post till the end.

I have been able to carefully analyze what boxes you have to tick when looking for cheap car insurance and some of the costs that are accrued to you due to factors like your sex, age, personal credit, driving history etc.

Since you are here looking for the best deal for your car I will be weighing each of these factors while helping you conclude on the cheapest car insurance you can go for depending on some recognized variables.

Variables such as 

  • The city you live
  • Your driving record
  • Your credit score
  • Your driving experience
  • Your age
  • Your Gender
  • Your Occupation

All these factors are important and could help in lowering your car insurance rate or increase it.

That said, let’s start with the cheapest car insurance company based on the state you are located.

Cheap Insurance Companies by states

cheap insurance companies by state

The price of car insurance varies based on the state you live in. And in the table below, I have been able to analyze the cheapest you can get based on your location.

That said, you need to understand that different states have different minimum insurance requirement rates. Quite a lot of states require specific minimum coverages such as liability insurance, and uninsured and underinsured motorist coverage. However very little requires personal injury protection and medical payment coverage.

If you are looking for who has the cheapest car insurance when it comes to the state you stay in, these are the lowest Auto Insurance per state

StateCheapest insurance companyAverage rate yearly
AlabamaGeico$261
AlaskaGeico$274
ArizonaGeico$272
ArkansasSouthern Farm Bureau Insurance$261
CaliforniaGeico$374
ColoradoAmerican National$192
ConnecticutGeico$421
DelawareGeico$568
FloridaGeico$704
GeorgiaAuto-Owners$314
HawaiiGeico$285
IdahoAmerican National$135
IllinoisPekin$234
IndianaPekin$195
IowaWestern National$164
KansasState Farm$322
KentuckyKentucky Farm Bureau$389
LouisianaGeico$443
MaineGeico$176
MarylandGeico$559
MassachusettsState Farm$209
MichiganTravelers$106
MinnesotaNorth Star$259
MississippiState Farm$337
MissouriColumbia$289
MontanaState Farm$213
NebraskaEMC$181
NevadaGeico$329
New HampshireMMG$209
New JerseyAmica$539
New MexicoCentral Insurance$224
New YorkMain Street America$572
North CarolinaGeico$278
North DakotaNodak$174
OhioErie$211
OklahomaGeico$247
OregonState Farm$443
PennsylvaniaGeico$181
Rhode IslandState Farm$310
South CarolinaAmerican National$217
South DakotaFarmers Mutual of Nebraska$172
TennesseeGrange Insurance Company$193
TexasGeico$377
UtahGeico$305
VermontUnion Mutual$182
VirginiaGeico$305
WashingtonGrange Insurance Association$327
Washington, D.C.Geico$374
West VirginiaErie$298
WisconsinGeico$203
WyomingGeico$170

Cheap Insurance Companies for Good Drivers

cheap insurance companies for good drivers

What does a good driver mean? well, it does consider a handful of variables before finally tagging you as a good driver. The variables are a clean driving record, no accidents or no-fault Accidents, and no case of traffic violations.

If all through your history of driving, you are tagged as a good driver, An Insurance company will charge you lesser since your previous experience signifies that you will least likely need insurance.

That being said, If you are looking for who has the cheapest car insurance when it comes to good driving records, below are the list of insurance companies you can check out.

NOTE: USAA is only open to army veterans and their families.

Insurance
Company
Average annual rates
for good drivers
USAA$1,141
Geico$1,182
State Farm$1,402
Erie$1,419
Travelers$1,435

Cheapest Car Insurance for Drivers with a Speeding Ticket

The more speeding tickets you have, the more insurance companies will charge you for insurance premiums since they see you as a high-risk driver. That might be a huge pain in the neck. However, that doesn’t mean you can’t get the best deal on your insurance premium.

That said, you don’t need to look too far since we at Gadgetswright have been able to curate some cheap options you can take advantage of in the table below

NOTE: USAA is for military veterans and their family

Insurance
Company
Average annual rates for drivers
with a speeding ticket
USAA$1,381
Geico$1,579
Erie$1,600
State Farm$1,607
Travelers$1,828
Average$1,947

Cheapest Car Insurance for Drivers Who Have Caused an Accident with Injury

Cheap car Insurance for Drivers Who Have Caused an Accident with Injury

Among other things, the national insurance premium average required for a car owner who has caused an accident which resulted in an injury is a bit on the high side. Compared to the mean rate, your insurance premium increases by around 46% compared to a driver with a clean record.

Unless you are a military veteran, you can’t access the USAA insurance company. However, since you are looking for who has the cheapest car insurance when it comes to Accidents with injury, below are the best option you have if you want to save cost.

Insurance
Company
Average annual rates
after accident with injuries
USAA$1,613
State Farm$1,713
Erie$1,898
Travelers$2,000
Geico$2,097
Average$2,304

Cheapest Car Insurance for Drivers with a DUI Conviction

If you’ve been convicted of driving under the influence conviction, your insurance bills are going to be hitting an all-time high since the average increase is around $1000 annually.

Since you are looking for who has the cheapest car insurance when it comes to DUI convictions so as to save more on your insurance bills

Below are some options you should try out

Insurance
Company
Average annual rates
for a driver with one DUI
State Farm$1,942
Travellers$2,150
USAA$2,195
Erie$2,358
Average$2,623

Cheapest Car Insurance for Drivers with Poor Credit Scores

The auto insurance rate for drivers with poor credit scores clocks around 82% of the average price when compared to a driver with a clean record. However, there are insurance companies you can save on if you are looking for who has the cheapest car insurance.

They are listed in the table below 

Insurance
Company
Average annual rates
for drivers with poor credit
Geico$1,679
USAA$1,910
Travelers$2,348
Average$2,876

Cheapest Car Insurance for Drivers based on their Age

Based on the age, Car insurance companies tend to charge teenagers more money for insurance premiums since they believe they have little driving experience which is deemed risky.

However, as your age progresses, the insurance premium tends to drop. It reduces to its lowest when you are in your 50s.

That said, If you are looking for who has the cheapest car insurance and you are between the ages of 16-18 you should try out Eries and Auto-Owners. But if you come from a family with military members you can make use of USAA.

Below is a table for the cheapest insurance rates for ages 16-18

Insurance
Company
Average Annual
Rate
Erie Insurance$3,410
Auto-Owners$3,533
State Farm$4,146
Geico$4,466
Nationwide$4,567

If you are looking for who has the cheapest car insurance when it comes to young adults of ages 21-24 years old their auto insurance premium you can take advantage of however it is a bit on the high side. 

The cheapest for the 21-24 years is listed in the table below

Insurance CompanyAverage Annual
Rate
USAA$1,609
Geico$1,844
Auto-Owners$2,074
Erie Insurance$2,103
Nationwide$2,147

Those that are 25-29 pay the least between (0-30) age bracket while those in their 50s pays the lowest since

Below is a table for the cheapest rates If you are looking for who has the cheapest car insurance when it comes to those within the 25-29 year age bracket

Insurance CompanyAverage Annual
Rate
USAA$1,292
Geico$1,420
Erie Insurance$1,523
Nationwide$1,556
Auto-Owners$1,590

For seniors that are looking for the cheapest insurance companies where they can save the most money. Below is a list of some companies they can take advantage of.

Insurance CompanyAverage Annual
Rate
USAA$1,057
Erie Insurance$1,219
Geico$1,227
Auto-Owners$1,247
Nationwide$1,263

The Amount of Car Insurance you Need

To some extent, you cannot affect the amount of coverage you will get due to your state laws. Each state requires some level of property damage and bodily injury damage.

If you stay in New Hampshire or Virginia. you might be required to get underinsured/uninsured motorist coverage and medical coverage while paying for your auto insurance.

However, you can decide to get collision insurance or comprehensive insurance if you want, but it is not required by any state unless you want it for extra protection

Tips to Get the Cheapest Car insurance rates

who has the cheapest car insurance

Since you have been armed with all this information on who has the cheapest car insurance, there are some tips you can take advantage of to save more on the auto insurance bill you are paying monthly.

Always check for Available car insurance discounts

This should be a smart move for you since most customers are not usually aware of these discounts. So periodically you should always inquire about any available discount when you are making your monthly insurance payment since it can go a long way in reducing the total annual cost you’ll pay.

Use any Discounted Payment Method

Some insurance companies usually offer a discount when you pay in full. Some give discounts when you make payments using their website. All these might look insignificant, but in the long run, you can save hundreds of dollars from your insurance bills when you take advantage of these discount

Improve your Driving Record

Since drivers with a clean record are offered the lower rates possible, it is a wise decision to avoid, a DUI conviction or having poor credit. You can take a safe driver course to help while you should try your best to avoid scenarios that can signify a red flag in your driving history while making sure that time goes on, the insurance company reviews your driving history as things get better so that you can get better deals.

Improve your credit scores

Drivers with a Poor driving score pay close to 80% more when compared to the average insurance premium for drivers with clean records, so it makes sense to improve your credit scores over time to get cheaper insurance deals when next your driving records are reviewed

Shop around to get the Best Deals

Another trick that can save you money is by shopping around for the best possible quotes you can get. Since you are armed with information on the cheapest auto car insurance companies, you don’t need to shop around 10, 20 or 50 insurance companies. You can simply pick out the top 5 insurance companies that are cheap and get a quote from each of them. You can never know they might be giving out some discounts you aren’t aware of.

Drive less Expensive Vehicles 

Different vehicles come with different safety ratings, crash statistics and replacement prices. The price you will be paying to insure a Toyota Camry would differ from what you will pay when insuring a Ferarri.

The Nissan is not desirable by thieves and isn’t a sports car, so it will have a lesser crash probability when compared to a Ferarri, however, if you own expensive vehicles that come with some safety components such as automatic braking etc, you should bring all these up when your vehicles are being reviewed.

Combine Home and Auto Policy

if you are looking for who has the cheapest car insurance, one way you can save money on your car insurance is by combining two or more insurance under one policy. It could mean ensuring your home or business is together with your car under one policy or bundling two or more cars together. 

This is a good way to save money since many insurance companies would give a discount when insurances are bundled together which in turn gets you one of the best rates.

So, you should ensure to shop around the top cheap insurance companies when looking to get the best deals for a combined insurance premium.

Overall Cheapest Auto Insurance Company

After going through all the cheap car insurance companies out there, we at Gadgetswright have decided to pick our top 5 choices after carefully factoring different variables generally tied to companies in America.

The list follows an ascending order, however, the first insurance company (USAA) is only available for military veterans.

  • USAA
  • Erie Insurance
  • State Farm
  • Geico
  • Progressive

Best Car Insurance for a full coverage

best car insurance

If you are looking out for the best car insurance companies for full coverage, it means you have factored in the cost and you are not necessarily looking for cheap car insurance companies.

Full coverage varies based on company policy but it ticks the boxes of the important coverage you ought to have while adding other insurance coverage such as collision and comprehensive coverage.

That being said we have carefully sourced the best car insurance for you based on the JD power ranking which factors in variables like product sensitivity, customer complaint, customer experience and satisfaction.

Below is the list of top 10 insurance companies for full coverage

  • USAA
  • The Hartford
  • Erie Insurance
  • Amica Mutual
  • Farmer
  • State Farm
  • American Family
  • GEICO
  • Allstate
  • Industry Average

Very cheap car insurance no Deposit

As nice as it sounds, not all drivers can get this deal unless you have a clean driver record based on the company policy. However, if you are looking for who has the cheapest car insurance with little to no deposit, one of the things most companies take into consideration is your credit score and a car with no accident. That said below are a list of the top three insurance companies where you can enjoy little to no deposit which is also cheap

Insurance
Company
First
Deposit
First
month cost
Monthly cost
Geico$1$62.30$61.30
Progressive$0$29.28$74.15
State Farm$0$99.32$99.32

Who has the cheapest car Insurance in Oklahoma?

For car drivers in Oklahoma, below are the top 5 lists of cheapest car Insurance in Oklahoma for minimum coverage per month, provided you have little to no driving issues.

  • State Farm  ($29)
  • Farm Bureau  ($44)
  • Progressive   ($48)
  • All State   ($54)
  • GEICO  ($60)

Who has the Cheapest Car insurance in Georgia

If you stay in Georgia, the cheapest rate you can get is from the Farm bureau if you are not a military veteran or not associated with one. However, not everyone is eligible unless you are a  Georgia Farm Bureau member. 

That said let’s delve into the top cheapest insurance companies in Georgia

  • USAA  ($46)
  • Farm Bureau ($47)
  • State Farm   ($53)
  • GEICO  ($59)
  • Progressive  ($78)
  • Allstate  ($80)

Who has the cheapest car insurance in Arkansas?

If you stay in Arkansas, and you are looking for cheap insurance coverage you can go for the minimum coverage which is quite affordable, but it leaves you at risk when an accident or personal injury exceeds your insurance cost.

That said, below is the list of the top cheapest Insurance companies in Arkansas

  • USAA ($32)
  • GEICO ($33)
  • State Farm ($33)
  • Auto-Owners ($36)
  • Farmer Bureau ($51)

Who has the cheapest car insurance in Pennsylvania?

There are quite a handful of cheap insurance companies in Pennsylvania when you go for the minimum coverage insurance plan. however, it leaves you at the risk of paying for an At-fault accident yourself and excess damages to your vehicle if it exceeds your limit.

Below is the list of the cheapest Car insurance in Pennsylvania

  • State Farm ($28)
  • Erie ($29)
  • USAA ($40)
  • Allstate ($45)
  • Nationwide ($47)
  • GEICO ($48)
  • Progressive ($52)

Who has the cheapest car insurance in Michigan?

Michigan is a bit on the high side since the mean cost of vehicles there is around $370 per month. That said below are the lists of the cheapest auto car insurance for minimum coverage in Michigan

  • Auto Owner ($107)
  • Progressive ($111)
  • Frankenmuth ($122)
  • State Farm ($189)
  • USAA ($94)

Who has the cheapest car insurance in Louisiana?

To get the cheapest rate in Louisiana, you have to go for their minimum coverage. Based on that below are the cheapest monthly rates from auto insurance companies in Louisiana

  • Farm Bureau ($46)
  • State Farm ($64)
  • GEICO ($111)
  • Progressive ($113)
  • USAA ($53)

Who has the cheapest car insurance in Florida?

Unless you have a speeding ticket on your driving record, then GEICO is the cheapest minimum coverage insurance you can go for in Florida

Below are the lists of cheap auto insurance companies in Florida with their monthly rates

  • GEICO ($34)
  • State Farm ($48)
  • Nationwide ($66)
  • Travellers ($78)
  • Farmers ($81)

Who has the cheapest car insurance in Texas?

For inhabitants of Texas, you can check through the list below to figure out the cheapest insurance company with their minimum rates

  • State Farm ($38)
  • GEICO ($50)
  • Dairyland Insurance ($65)
  • Chubb ($68)
  • Nationwide ($73)
  • USAA ($40)

Who has the cheapest car insurance in California?

For inhabitants of California, the cheapest car insurance you can get is from GEICO provided you have a clean record.

Anyway, let us look at the monthly rate for minimum coverage in California

  • GEICO ($33)
  • AAA Norcal ($38)
  • Progressive ($40)
  • Mercury ($46)
  • State Farm ($52)

Conclusion:

BY now you are armed with the answer to who has the cheapest car insurance. And which state you can find the cheapest insurance deals. That said, you should look into the different ways to reduce your insurance policy since by following the advice above. you might not be an insurance person but your car insurance is of utmost importance.

Related Posts

Leave a Comment