The Best Car Insurance Company in 2023
As we all know, in today’s time, inflation is increasing day by day, which is directly affecting our pockets. Earlier, we had to pay less money to buy the thing; today, we have to pay more money to buy the same thing. The insurance sector is no exception to this, so finding a car insurance company that fits our budget is very difficult. Keeping this in mind, we have prepared a list of the best car insurance companies. This list has been prepared keeping in mind the insurance rates, available coverage features, complaints, and collision claim processes.
American Family
| COLLISION REPAIR GRADE | C+ |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $2,176 |
| COMPLAINT LEVEL | Very low |
Why We Picked It
American Family Insurance offers a long list of discounts on insurance. And there was a very low level of complaints against the company. This helps them stand out even with average car insurance rates.
Policies Available In
19 states, mostly in the Pacific Northwest and the Midwest
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ The level of complaints made to state insurance departments regarding the company’s auto insurance is very low. | ☒ Only operates in 19 states |
| ☑ American Family offers gap insurance to new-car customers. | ☒ American Family has a high rate compared to other players. |
| ☑ American Family offers nonowner car insurance coverage. | |
| ☑ For good drivers who want to lower their auto insurance premiums based on their driving behaviors, American Family also provides the Know Your Drive usage-based insurance service. |
State Farm
| COLLISION REPAIR GRADE | C- |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $1,959 |
| COMPLAINT LEVEL | Low |
Why We Picked It
State Farm’s rates are the third-lowest in the entire insurance industry, and the business did well in a number of rate-specific categories, such as the price of insurance for seniors and young drivers. It is a well-liked insurer with fewer complaints as compared to other sizable competitors because of its broad coverage and discounts for safe driving practices.
Policies Available In
State Farm auto insurance policies are available in all states except Massachusetts and Rhode Island, where it does not sell new policies. A company car insurance policy is also available in Washington, D.C.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ Highly regarded by current customers for customer service. | ☒ State Farm Doesn’t offer gap insurance. |
| ☑ The reasonable average cost of including a teen driver on a parent’s insurance. | ☒ Policies can only be purchased through a local agent. |
| ☑ Offers a usage-based insurance program | |
| ☑ The level of complaints made to state insurance departments regarding the company’s auto insurance is low. |
Auto-Owners
| COLLISION REPAIR GRADE | B+ |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $1,628 |
| COMPLAINT LEVEL | Low |
Why We Picked It
Auto-Owners Insurance has a wide range of coverage options, which can be beneficial for those who require multiple insurance policies. It also has a minimum number of customer complaints.
Policies Available In
Alabama, Arizona, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Tennessee, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Utah, Virginia, and Wisconsin.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ Excellent auto insurance rates for accident-prone drivers | ☒ Competitors are offering you cheap car insurance if you have a DUI or bad credit. |
| ☑ There are options for gap insurance and new automobile replacement coverage. | ☒ Available only in 26 states. |
| ☑ Offers a decreasing deductible and accident forgiveness. | |
| ☑ To potentially cut their auto insurance prices, good drivers can test out Auto-Owners’ usage-based insurance program (TrueRide). |
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USAA
| COLLISION REPAIR GRADE | C |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $1,412 |
| COMPLAINT LEVEL | Average |
Why We Picked It
Automobile insurance rates from USAA are fairly reasonable for drivers with a variety of driving histories. If you are eligible, USAA is worth looking into. To be qualified for USAA auto insurance, you must be a service member, veteran, or family member of a military member.
Policies Available In
USAA is available in all 50 states and Washington, D.C.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ Low cost | ☒ If you’re adding a teen to your coverage, there are possibilities for cheaper auto insurance. |
| ☑ Offers new automobile replacement and accident forgiveness. | ☒ Does not offer gap insurance. |
| ☑ The company has a usage-based insurance scheme (Safe Pilot) that prudent drivers can utilize to perhaps reduce the cost of their auto insurance. | ☒ The availability of coverage is not universal. Offers insurance only to active-duty military personnel, veterans, and their immediate families. |
| ☑ Provides a choice for ride-sharing insurance protection. |
NJM
| COLLISION REPAIR GRADE | B+ |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $1,898 |
| COMPLAINT LEVEL | Low |
Why We Picked It
NJM provides some of the most affordable typical vehicle insurance premiums. High rates of customer satisfaction as well as benefits like free pet insurance and a new automobile replacement if you purchase collision and comprehensive coverage.
Policies Available In
Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ High customer satisfaction level. | ☒ Not available in many states. |
| ☑ NJM provides some of the most affordable typical vehicle insurance premiums. | |
| ☑ There are few complaints. |
Nationwide
| COLLISION REPAIR GRADE | C |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $2,041 |
| COMPLAINT LEVEL | Very low |
Why We Picked It
For certain types of drivers, Nationwide offers affordable auto insurance rates along with a wide range of useful add-on coverage. There are very few complaints against it for auto insurance. Additionally, it offers pay-per-mile options for drivers who want to lower their rates based on actual driving as well as a usage-based insurance plan.
Policies Available In
All states and Washington, D.C., except for Alaska, Louisiana, and Hawaii.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ There is a wide range of options for customers who want to buy multiple products from one company. | ☒ Customer satisfaction with auto insurance is lower than average. |
| ☑ Nationwide offers a usage-based insurance program (Smart Ride) for good drivers who want to lower their car insurance costs based on their driving habits. | ☒ Nationwide doesn’t sell auto insurance policies in all states. |
| ☑ For low-mileage drivers who want to save money, Nationwide also has a pay-per-mile insurance scheme (Smart Miles). | ☒ Nationwide has high auto insurance premiums for drivers who injured others in an accident. |
| ☑ Affordable premiums for drivers with poor credit. |
Country Financial
| COLLISION REPAIR GRADE | B |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $2,175 |
| COMPLAINT LEVEL | Very low |
Why We Picked It
Country Financial offers a wide selection of products, such as business, boat, and motorcycle insurance. In addition, it received far fewer customer complaints for auto insurance than similar-sized companies.
Policies Available In
Alabama, Alaska, Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nevada, North Dakota, Oklahoma, Oregon, Tennessee, Washington, and Wisconsin.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ Country Financial has few customer complaints for auto insurance | ☒ It is is available in only 19 states. |
| ☑ Country Financial offers rideshare insurance in Oregon. |
Progressive
| COLLISION REPAIR GRADE | C |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $2,833 |
| COMPLAINT LEVEL | Low |
Why We Picked It
To serve the needs of the majority of individuals, Progressive provides a range of discounts and insurance options. It also receives few complaints.
Policies Available In
Progressive is available in all 50 states and Washington, D.C.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ New car owners can buy gap insurance. | ☒ High auto insurance premiums for drivers with a history of accidents or coverage gaps. |
| ☑ It is a second largest personal auto insurer in the country. | ☒ Doesn’t offer new car replacement. |
| ☑ Rideshare coverage available. |
Geico
| COLLISION REPAIR GRADE | C- |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $1,716 |
| COMPLAINT LEVEL | Average |
Why We Picked It
If you’re looking for affordable auto insurance, Geico has very reasonable rates for many different sorts of drivers.
Policies Available In
Geico car insurance is available in all 50 states and Washington, D.C.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ Offers a usage-based insurance program (DriveEasy) for good drivers who want to lower their car insurance costs based on their driving habits. | ☒ The typical savings offered by Geico for bundling home and auto insurance is only 8%. |
| ☑ Offers accident forgiveness. | |
| ☑ Offers affordable prices for senior citizens and young drivers, whose insurance can be highly expensive. |
Westfield
| COLLISION REPAIR GRADE | B |
| THE AVERAGE ANNUAL COST FOR GOOD DRIVERS | $1,759 |
| COMPLAINT LEVEL | Very low |
Why We Picked It
Westfield offers affordable auto insurance rates for a variety of drivers. Its crash claims procedure has received positive feedback from repair experts and has very few complaints.
Policies Available In
Westfield insurance is available in 10 states: Indiana, Illinois, Iowa, Kentucky, Ohio, Michigan, Minnesota, Pennsylvania, Tennessee, and West Virginia.
Pros & Cons
| 🟢Pros | 🔴Cons |
|---|---|
| ☑ Provides seniors and people with bad credit with favorable rates. | ☑ Only available in 10 states. |
| ☑ Gap insurance is available. | ☑ Average vehicle insurance premiums for DUI drivers are the highest |
| ☑ Received a favorable evaluation for its handling of collision claims from experts in the field. | |
| ☑ Offers various family discounts |
What is the Best Car Insurance Company?
The best car insurance provider for each individual may differ based on their driving history, location, and other specific criteria. Compare insurance rates before you shop for the best car insurance company. By which you will easily understand which company will be better for you.
