When it comes to car insurance, one of the most frequent questions we get is—what are the best car insurance companies? It makes sense; you pay a lot of money to insure your vehicle, and you want to be certain that who you pay is a responsible party that will cover you in the event of an accident or theft.
There are a lot of factors that go into determining who the best car insurance companies are—customer reviews, financial standing, prices and coverage.
For this question, NerdWallet did the job for us when they analyzed customer service and claims satisfaction scores from J.D. Power and Consumer Reports, and complaint data from the National Association of Insurance Commissioners.
Below is a list of their favorite 24 auto insurance companies:
| Company | ||
|---|---|---|
| Note: Not all insurers available in all states. | ||
| 1. NJM | ||
| 2. Auto-Owners Insurance | ||
| 3. Amica Mutual | ||
| 4. Erie Insurance | ||
| 5. Automobile Club Group | ||
| 6. The Hanover | ||
| 7. Auto Club of SoCal | ||
| 8. Nationwide | ||
| 9. State Farm | ||
| 10. American Family Insurance | ||
| 11. Travelers Insurance | ||
| 12. The Hartford | ||
| 13. Allstate | ||
| 14. CSAA | ||
| 15. Geico | ||
| 16. Farmers Insurance | ||
| 17. Esurance | ||
| 18. 21st Century | ||
| 19. Progressive | ||
| 20. Liberty Mutual | ||
| 21. MetLife | ||
| 22. Mercury Insurance | ||
| 23. Safeco | ||
| 24. MAPFRE | ||
Obviously it’s incredibly important to do your research and find a reputable auto insurance company that will stand by you when you need them. However, the best company on this list may not be the one that’s right for you.
The trick to finding the best car insurance firm is to shop around. This is the only way you will know if the car insurance company meets all your needs. First of all, not all insurers operate in all states, so you may not even be able to purchase a policy from everyone on this list.
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Second of all, price is an extremely important factor. Unless money is no object for you, you need to decide what your budget is for car insurance, and then choose from insurers within that price point.
You may end up choosing the 7th or 8th company on this list rather than the 1st, but you will not be breaking the bank and still getting good coverage.
Third of all, you need to find a car insurer who will offer you the coverage you need. Pretty much every company offers the same basic coverage, like liability and comprehensive options, but some offer specific ones.
Fourth, you want to find out if the company offers discounts that would make your policy more affordable. There are a multitude of discounts available, including:
- age
- good driving
- tests completed
- occupation
- good grades
- marriage
- multi car discount
- location
Fifth, you want to find out if you can bundle coverage for maximum savings. Some auto insurers will allow you to purchase life, auto and home insurance together, which can save you hundreds, if not thousands of dollars per year.
Shopping around for auto insurance is important, but doesn’t have to be a long and difficult process. Do you want to enter your information once, and get free quotes from different insurers? Now you can, simply visit: https://savemoneytricks.com/car-insurance/
