For drivers, having basic auto insurance is generally a necessity – and when you’re trying to find the right policy for your vehicle, you may wonder which insurers will offer you the ideal coverage plan. While it’s often hard to say which car insurance deals are the cheapest off the bat, especially as it can often vary wildly depending on numerous factors (from the state you’re in, to your age), there are often ways to find the right insurance company for you.
How to find a good auto insurance deal
In general, it’s not all about cost when it comes to getting a coverage plan for your vehicle. Often, it’s just as (if not more) important to have the financial backup ready and waiting in the event of an accident, whether you’re at fault or not.
Fortunately, finding the ideal policy for your needs can often be easy as finding a balance between a budget-friendly cost and the amount of coverage offered.
In most cases, individuals find that shopping around for different deals can be one of the most effective ways to find a good insurance company. Often, it’s a simple task of getting quotes (be sure to only get ones that are free and require no obligation) and comparing them, to see what insurer offers the most coverage for the right price.
How much is car insurance?
Almost every driver is likely to have a different insurance deal from others on the road, mainly because there are often so many different things for an insurance company to consider when trying to find the overall cost of an individual’s coverage plan.
In most cases, you’re likely to have a high premium of you’re a male teenager and pay considerably less if you’re a 50 year old woman. The cost is decided by how likely you are to be involved in an accident – and if you’re deemed to be more of a risk, there’s a good chance that you will have to pay higher rates.
From the crime rates in your area to the road accident statistics of your age group, there are numerous things to consider – but this doesn’t mean that it’s impossible to get a good deal on your auto insurance. To get the ideal coverage plan, finding the right insurance company can make all the difference.
What are the cheapest car insurance companies in the U.S?
While insurance rates can vary widely across the United States, there are a few companies that stand out above the rest when it comes to pricing.For those who are trying to keep to a low budget, considering one of these insurers may not be a bad idea. Some of the cheapest insurance companies in the U.S at the moment are:
- American Family (lowest average national rates at around $3,450)
- Geico (lowest average national rates at around $3,200, generally lower rates for teen drivers than other companies)
- Nationwide (lowest average national rates at around $3,450, generally offers the cheapest average rates for individuals with bad credit)
- Progressive (lowest average national rates at around $4,050, with competitive rates for certain demographic groups)
- State Farm (lowest average national rates at around $3,300)
- USAA (lowest average national rates at around $2,500, as well as some of the lowest rates for a range of demographic profiles)
Generally, it’s well worth keeping these companies in mind when trying to find a good deal on your car insurance – but these are only 5 of the many options out there, so it may not be a bad idea to shop around a little bit to get more of an idea of what’s available.
In most cases, after comparing different policies and quotes from a range of insurance companies, you’ll have a better idea of which insurer will be right for you.