Comparing multiple car insurance quotes is the best way to get cheaper insurance. We’ll help you understand the importance of comparing quotes, how to compare them, and the factors that affect your premiums.
Are you looking for cheap car insurance? Then comparing multiple car insurance quotes is best method to find cheap auto insurance. We’ll guide you to understanding car insurance tips, why comparing quotes is important, how to compare them, and what factors affect your insurance premium.
Why Compare Car Insurance Quotes is so important?
Comparing car insurance quotes is important for every people who want to buy best auto insurance at cheap price. It’s the easiest way to find better deals and pay less. Competition keeps our economy running, and comparing prices lets you see all the best choices for cheaper insurance payments.
Many websites are available on internet where consumer compare car insurance quotes online. This method saves your time and money. We compared many car insurance companies for various types of drivers and rating factors that affect the cost of premium. This way, we can show, how much money you can save by using compare car insurance quotes online method.
Top 10 Car Insurance Quotes Companies (USA) 2023
Rates can be really different from one company to another because each company weighs rating factors differently. Michael DeLong says, “Car insurance companies look at stuff like how you drive, other things about you, and how much money you have to figure out what you pay.” These factors include your previous driving record, your age, marital status, credit score, ZIP code, occupation, education level, and home ownership status.
The table below compares car insurance quotes for the country’s 10 largest auto insurance companies by market share.
| Companies | Liability Coverage | Full Coverage |
| AAA | $106 | $206 |
| Allstate | $110 | $273 |
| American Family | $95 | $166 |
| Erie | $67 | $146 |
| Farmers | $151 | $295 |
| GEICO | $68 | $159 |
| Nationwide | $135 | $250 |
| Progressive | $105 | $211 |
| State Farm | $76 | $139 |
| Travelers | $124 | $250 |
As we compare then our analysis is indicated that, GEICO, State Farm, Erie, and American Family are the cheapest car insurance companies. On average, these companies charge less than $100 a per month if you’re looking for liability (basic coverage), and around $200 if you want full-coverage auto insurance.
But remember, these are averages across the whole country, and not everyone will pay the same. We’ll give you more details about the average costs for different types of people.
Read | 10 Worst Long-Term Care Insurance Companies in 2023
Cheapest Car Insurance Quotes Companies in 2023
Just because a largest insurance company talks about big savings doesn’t mean it’s the cheapest for you. When you’re comparing car insurance quotes, don’t hesitate to look at smaller companies you might not have heard of.
We compared 10 smaller car insurance companies in the table below with the cheapest average quotes, sorted by the cheapest overall average.
| Companies | Liability | Full-Coverage | Overall Average |
| Auto-Owners | $55 | $141 | $98 |
| Erie | $67 | $146 | $107 |
| State Farm | $76 | $139 | $108 |
| NJM Insurance | $81 | $137 | $109 |
| Plymouth Rock | $75 | $143 | $109 |
| GEICO | $68 | $159 | $114 |
| Grange | $65 | $174 | $120 |
| Root | $89 | $162 | $126 |
| American Family | $95 | $166 | $131 |
| Southern Farm Bureau | $100 | $178 | $139 |
If you want the basic liability insurance, then Auto-Owners, GEICO, Grange, Erie, and Plymouth Rock have the cheapest prices on average quotes. However, if you’re looking for full-coverage, the cheapest companies are NJM Insurance, State Farm, Auto-Owners, Plymouth Rock, and Erie are under your budget.
Even though Grange offers affordable prices for liability coverage, their rates for full-coverage were the second-highest. And Southern Farm Bureau had the most expensive rates for both liability and full-coverage. These is a best example to show the important of compare car insurance quotes online. This way, you can find out which company is the offer cheap car insurance in market.
How to Compare Car Insurance Quotes Online?
Comparing car insurance quotes is like shopping around for the best price. Different insurance companies offer different rates, and this can add up to big savings for you. By comparing quotes from various companies, you can find a policy that fits your needs and budget. Below following the simple steps to compare car insurance quotes online: –
Determine your Budget
Before you start comparing quotes online, it’s important to figure out your budget, what type insurance you want, and how much coverage is necessary for you. Starting this way helps you easily filter out expensive insurance providers and concentrate on the ones that offer the most affordable rates.
Gather the relevant information
Before you start, you have some basic info on hand. You’ll need details as below:
- Date of birth
- Social Security number
- Driver’s license number
- Vehicle identification number (VIN)
- Current coverage details
Use an Insurance-comparison website
There are many websites like Carinsuranceqts.com are specifically designed for comparing car insurance quotes. You can enter your information once and get multiple quotes from various companies. Also, you can compare latest rates of insurance and coverage options from different companies at the same time.
Research companies with the Best quotes
The popular car insurance companies might not always give you the best cheap rate that fits your budget. So, it’s important to do research before you decide. Some other websites are providing rating of insurance companies based on customer feedback and their experience. Below check out the popular researching sites.
- D. Power studies
- M. Best
- Moody’s
- National Association of Insurance Commissioners (NAIC) complaint index
Read Quotes Reviews
Before making a final decision to buy car insurance read reviews or ask friends and family about their experiences with the insurance companies you’re considering. Good customer service and a smooth claims process are important factors to consider.
Check for Discounts
Many insurance companies offer discounts for various reasons, such as safe driving, bundling policies, or being a student. Check if you qualify for any of these discounts, as they can significantly lower your premium.
Compare Car Insurance Rates by State (USA)
Where you live has a big impact on how much you pay for car insurance. The rates insurance premium is different in each state. This means that the laws, what type of coverage you need, and the lowest amount of insurance you can have vary from state to state. These things also change how much people usually pay for car insurance in each state.
The table below shows the overall average quote in each state in the U.S.A
| State | Liability | Full Coverage |
| Alabama | $94 | $228 |
| Alaska | $67 | $154 |
| Arizona | $138 | $273 |
| Arkansas | $97 | $242 |
| California | $133 | $278 |
| Colorado | $127 | $307 |
| Connecticut | $174 | $314 |
| Delaware | $157 | $272 |
| Florida | $281 | $408 |
| Georgia | $170 | $311 |
| Hawaii | $69 | $150 |
| Idaho | $72 | $162 |
| Illinois | $111 | $254 |
| Indiana | $75 | $173 |
| Iowa | $52 | $155 |
| Kansas | $101 | $264 |
| Kentucky | $163 | $314 |
| Louisiana | $312 | $498 |
| Maine | $55 | $126 |
| Maryland | $183 | $318 |
| Massachusetts | $148 | $276 |
| Michigan | $174 | $400 |
| Minnesota | $92 | $201 |
| Mississippi | $146 | $315 |
| Missouri | $115 | $244 |
| Montana | $76 | $224 |
| Nebraska | $77 | $198 |
| Nevada | $178 | $325 |
| New Hampshire | $71 | $157 |
| New Jersey | $247 | $409 |
| New Mexico | $94 | $220 |
| New York | $256 | $497 |
| North Carolina | $78 | $184 |
| North Dakota | $80 | $213 |
| Ohio | $81 | $172 |
| Oklahoma | $91 | $220 |
| Oregon | $185 | $292 |
| Pennsylvania | $122 | $299 |
| Rhode Island | $134 | $251 |
| South Carolina | $118 | $216 |
| South Dakota | $53 | $173 |
| Tennessee | $87 | $201 |
| Texas | $129 | $269 |
| Utah | $134 | $259 |
| Vermont | $48 | $130 |
| Virginia | $104 | $220 |
| Washington | $101 | $201 |
| Washington, D.C. | $105 | $197 |
| West Virginia | $83 | $221 |
| Wisconsin | $89 | $215 |
| Wyoming | $49 | $180 |
Vermont, Wyoming, Iowa, Maine, Hawaii, and Alaska are count in cheapest states for car insurance on average. On the other hand, New York, New Jersey, and Louisiana are under the most expensive average costs for auto insurance. The state rates are determined by factors such as accident frequency, uninsured motorists, vehicle repair costs, and claim severity, as outlined by the Insurance Research Council.
Compare Car Insurance Rates by Vehicle
The make, model, and type of your vehicle also another factor involved to the calculation of your insurance premiums. In the following table, you will find the average monthly rate estimates by vehicle body types in 2023.
| Vehicle | Body Type | Monthly Rate |
| Toyota Camry | Sedan | $179 |
| Toyota RAV4 | Crossover SUV | $146 |
| Jeep Grand Cherokee | Full-size SUV | $165 |
| Toyota Tacoma | Midsize truck | $152 |
| Ford F-150 | Full-size truck | $150 |
| Tesla Model Y | Electric SUV | $181 |
We are analyzed that the SUVs, full-size trucks, and midsize trucks have the cheapest average insurance costs, around $146 to $152 each month. For instance, insuring a Toyota RAV4 costs only about $146 monthly. But if you have a smaller Toyota Camry, the average monthly insurance cost is higher, at $179 monthly. The most expensive one to insure is the Tesla Model Y, an electric SUV, which costs around $181 per month on average.
If you can’t find your specific vehicle model or body type in the above list, don’t worry. We’ve collected insurance rates for different vehicle brands, including cars, trucks, and SUVs. This information can assist you in finding a suitable vehicle that meets both your requirements and your budget.
Compare Car Insurance Quotes by Other Factors
Car insurance rates are influenced by many factors that insurance companies consider. Here, we highlight several factors that have the most significant impact on your quotes. These include your age, driving history, marital status, and credit score.
Age
As you get older, you usually become better at driving and make smarter choices. This often means you pay less for car insurance premium. Teenagers usually have the highest insurance costs, while people who are 40 and older usually pay less for their auto insurance.
| Age | Liability | Full Coverage |
| All Ages | $129 | $302 |
| 18 years old | $297 | $676 |
| 25 years old | $109 | $266 |
| 40 years old | $97 | $232 |
| 65 years old | $97 | $221 |
Cheap car insurance for Young drivers almost have to pay the highest rate of insurance premium because they often make riskier choices while driving. This makes them more likely to get tickets and have accidents. However, if you drive safely without any issues, your insurance costs should be decrease when you turn 25.
For instance, on average, an 18-year-old pays $297 each month for liability insurance, while a 25-year-old pays around $109. Insurance costs tend to stay similar when you’re in your 40s, but they might start to rise again as you get older and face challenges with your vision or mobility that could impact, you’re driving.
Driving record
Your history of driving will also play a role in how much you pay for car insurance. Drivers who haven’t received tickets, been convicted of violations, or caused accidents usually get the cheap insurance rates. On the other hand, drivers with infractions are seen as riskier to insure, so they end up paying more for the same coverage. In the table below, you’ll find the general average quotes for car insurance for drivers with a clean record and those who have different types of infractions.
| Driving Record | Liability | Full Coverage |
| Clean record | $91 | $217 |
| Speeding ticket | $113 | $268 |
| At-fault collision | $132 | $309 |
| DUI | $179 | $413 |
Once you get a speeding ticket, your car insurance costs go up by $51 per month on an average for full coverage as compared to driver with a clean record. If you cause an accident, the increase is even higher by $92 more per month. And if you get a DUI, which is a serious violation, your insurance will go up by an average of $196 more.
Surprisingly, a really good time to look for better options and compare car insurance rates is right after you get a ticket or have an accident.
Relationship status
This is another factor that impact your car insurance rates. But I think many people don’t know about this factor also considered by insurance company. The married drivers pay less for your car insurance as compared to single drivers, check the rates as below: –
| Marital Status | Liability | Full Coverage |
| Single | $153 | $356 |
| Married | $96 | $230 |
Above comparing car insurance quotes, we analyzed that the single drivers pay $57 more per month for liability coverage than a married driver. Another hand, single driver pay for full-coverage insurance by $126 more on an average which is higher as compared to married driver.
Credit score
Your credit score matters not only to lenders and employers but also to some insurance companies. They use your credit score to figure out how much you should pay for insurance. If your credit score is good, you’ll probably pay less for car insurance. This is demonstrated in the table below.
| Credit Score | Liability | Full Coverage |
| Excellent | $91 | $212 |
| Good | $108 | $253 |
| Fair | $129 | $302 |
| Poor | $189 | $444 |
Driver with a strong credit history pay around $17 to $41 per month for insurance compared to those with excellent credit. If your credit score is poor then your monthly rates could be even higher, ranging from about $98 to $232 more.
It’s important to note that not all insurance companies consider credit rating factor when setting rates, and in some states, the use of credit for this purpose is limited or prohibited. You should check your state’s regulations to understand how credit scores are used and which insurance companies might not use them to determine rates.
Factors to Consider When Comparing Car Insurance Quotes
While the cost is a also important factor, it’s not the only thing you should think about when comparing car insurance quotes online. You also need to consider the type of coverage you’re getting and the insurance company itself before making a decision.
Coverage options
You have multiple choice in coverage options to choose from them, including the ones listed below.
Liability vs. Full coverage
Liability coverage covers injuries and damage to the other person in an accident you’re involved in. But if you opt for full coverage, you’ll pay a higher price, and in return, your own vehicle will be protected too, regardless of who caused the accident.
Additional coverage
If you want to take additional coverage as well, such as uninsured motorist coverage, medical payments coverage, and personal injury protection (PIP). These might be necessary depending on your location, as some states require you to have them.
Some more coverage that drivers might consider include:
- Roadside assistance
- Gap insurance
- Rental car reimbursement
- New car replacement
Policy limits
Policy limits refer to the maximum amount your insurance company will pay for each covered loss. For instance, if your policy has a 25/50 bodily injury liability limit, the highest the company will pay is $25,000 per person and $50,000 per injury claim. Choosing higher limits means you’ll pay higher premiums because the insurance company might need to cover more costs for each claim.
Deductibles
The deductible is the money you have to pay if you make a claim for things like comprehensive or collision damage. For example, if your car gets $5,000 in hail damage and your deductible is $500, you’ll give $500 to the repair shop, and then the insurance company covers $4,500. If you choose lower deductibles, your insurance rates will be higher because the insurance company has to pay more for each claim.
Discounts
Saving money on car insurance is simple if you make use of the discounts you qualify for. If you’re not sure about what discounts are there, just ask your insurance company. They usually don’t promote all their discounts openly. Some of the common discounts include:
- Multi-policy
- Safe driver
- Affiliation
- Multi-car
Customer Service and Claims Settlements
When you purchase car insurance, you’re also paying for customer service, particularly when dealing with claims. Before you finalize your decision on an insurance company, it’s a good idea to assess their customer service and how satisfied their customers are with the claims process because you don’t have car insurance attorney. Organizations like J.D. Power and the NAIC evaluate insurance companies using customer feedback to give them scores.
FAQs
What do I need to compare car insurance quotes online?
When you’re looking to compare car insurance quotes online, it’s helpful when you have personal information, details about your vehicle (including its VIN), and information about your current insurance policy on hand. Being ready with this information will speed up the process and make it more convenient for you.
Why are my car insurance quotes so high?
There are many reasons for high car insurance quotes, such as your age, driving history, type of vehicle y, or even the insurance company itself. Comparing different quotes online might be a way to find potential savings.
When is the best time to compare car insurance quotes?
You can compare car insurance quotes online at any time, including after getting a ticket or being involved in an accident. Depending on your insurer, when your policy renews may be the best time to compare; some insurance companies charge cancellation fees for terminating your policy before the renewal date.
How much should I be paying for car insurance?
We’ve determined that the average cost of full-coverage car insurance across the country is about $302 per month. However, the amount you’ll actually pay for insurance depends on various factors like your age, driving record, location, and the coverage options you select.
How can I lower my car insurance?
To reduce your car insurance cost, you can check out for discounts and assess your coverage. It’s also a good idea to consistently compare car insurance quotes, as this can aid you in securing the most affordable price.
Sources
- AM Best. “Company ratings.” Accessed June 20, 2023.
- Car and Driver. “The 25 Bestselling Cars, Trucks, and SUVs of 2022.” Accessed June 21, 2023.
- Insurance Research Council. “Auto Insurance Affordability: Countrywide Trends and State Comparisons.” Accessed June 20, 2023.
- J.D. Power. “Insurance Research Dates and Details.” Accessed June 20, 2023.
- Moody’s. “Property & Casualty – North America.” Accessed June 20, 2023.
- NAIC. “Consumer Insurance Search Results.” Accessed June 20, 2023.