Cheap Car Insurance

The cheapest car insurance companies are GEICO, which offers the cheapest minimum coverage nationwide, and Travelers, which offers the cheapest full coverage. USAA is consistently the cheapest car insurance company for military members, veterans, and their families for most policies, but availability is limited to those who qualify for membership.

Your cheapest car insurance option depends on your unique profile and coverage needs. Below, you'll find the cheapest rates broken down by policy type, age group, and driving history to help you identify which companies offer the most affordable policies for your specific situation.

GEICO has the cheapest car insurance for minimum coverage, consistently offering lower premiums than other major national competitors with rates starting at just $43 monthly. This makes GEICO the cheapest car insurance choice for most drivers seeking basic coverage. National General comes in second at $48 monthly, while State Farm, Progressive, and Travelers round out the top five cheapest liability options with monthly rates between $50 and $68.

Travelers offers the cheapest full coverage car insurance nationwide at $97 monthly, making it the top choice for drivers who want comprehensive protection without breaking the bank. GEICO comes in second for cheapest car insurance at $98 monthly, while State Farm, Progressive, and National General offer competitive rates between $105 and $112 monthly for those seeking alternative cheap full coverage options.

GEICO offers the cheapest car insurance in the majority of states, securing the top spot in 32 states with rates as low as $41 in Alaska and $42 in Alabama. Travelers is the cheapest car insurance company in several competitive markets including Arizona with premiums averaging $41 per month, while State Farm provides the cheapest car insurance in select states like Arkansas at $45 monthly, where having a local agent relationship gives them an edge.

*The cheap rates shown are for a full coverage policy with 100/300/100 limits and a $1,000 deductible for collision and comprehensive coverages. You can customize your deductibles, choosing different amounts for each coverage.

GEICO has the cheapest car insurance for most teen drivers seeking minimum coverage, with rates dropping as teens gain experience. At 17 years old, drivers pay $237 monthly, while 18-year-olds see rates fall to $205 monthly, and 19-year-olds get even better deals. However, State Farm is the cheapest for 16-year-olds at $271 monthly, making it the cheapest car insurance company for the youngest drivers just starting.

For full coverage, State Farm has the cheapest car insurance for younger teens, charging $529 monthly for 16-year-olds and $468 monthly for 17-year-olds. Travelers has the cheapest car insurance company for 18-year-olds needing full coverage at $415 monthly, and GEICO offers the cheapest car insurance for 19-year-olds at $321 monthly.
As you can see, car insurance becomes cheaper as your teen increases in age.

GEICO is the cheapest car insurance company for young adults for minimum and full coverage protection. For minimum coverage, GEICO has the cheapest rates, dropping from $132 monthly at age 20 to $75 monthly by age 25. For full coverage, GEICO maintains the cheapest rates, declining from $288 monthly at age 20 to $164 monthly by age 25, making it the cheapest car insurance company choice throughout the young adult years.

State Farm is the best cheap car insurance company for senior drivers looking for cheap car insurance policies, with minimum coverage quotes starting at $137 monthly. Travelers is the second-best cheap company at $144 monthly, while Chubb rounds out the top three budget-friendly options at $174 monthly. By choosing one of the cheapest insurers, seniors could save about $37 monthly, or $444 annually.

GEICO emerges as the clear winner for cheap full coverage rates, providing the cheapest car insurance for seniors at $124 monthly. Seniors who choose GEICO potentially save $506 per year over pricier companies. Compare the cheapest car insurance companies' quotes for senior citizens below.

State Farm offers the cheapest car insurance for high-risk drivers across all violation types, providing the cheapest car insurance premiums for drivers with at-fault accidents, averaging $62 monthly, drivers with a DUI violation usually pay rates of $72 monthly, and drivers with speeding tickets can expect premiums around $56 monthly. Use the table below to compare the cheapest car insurance companies for your specific high-risk situation.

GEICO is the cheapest car insurance company for drivers with bad credit, with the lowest premiums, at $141 monthly, even when your credit scores work against you. Auto-Owners takes second place for credit-challenged drivers at $155 monthly, while Travelers rounds out the top three cheapest car insurance companies at $159 monthly. Your credit score can seriously impact your car insurance rates in most states, but the good news is that some companies are more forgiving than others.

USAA stands alone as the cheapest car insurance for military members, veterans, and their families, delivering unmatched rates that civilian companies simply can't compete with. With minimum coverage starting at just $335 annually and full coverage at $835, USAA's military-exclusive pricing creates savings of nearly $200 compared to the next cheapest company.

GEICO is the cheapest car insurance company for those who don't qualify for USAA membership. GEICO offers the cheapest car insurance insurance premiums available to all military personnel with quotes as low as $514 for minimum coverage and $1,177 for full coverage.

Programs like Progressive Snapshot, State Farm Drive Safe & Save, and GEICO DriveEasy offer pathways to the cheapest car insurance rates for qualifying drivers, with discounts up to 40% making these the cheapest car insurance options for safe drivers. Usage-based insurance monitors driving habits through smartphone apps or plug-in devices, rewarding safe drivers with discounts. These programs typically track factors like hard braking, rapid acceleration, speeding, phone use while driving and time-of-day driving patterns. This coverage model works well for tech-savvy drivers, those with good driving habits and anyone willing to share driving data for potential savings. Below are some of the cheapest usage-based programs available from major national insurers:

Finding the cheapest car insurance requires a systematic approach to ensure you get the cheapest car insurance rates while maintaining adequate protection. Follow this guide to identify the cheapest car insurance options for your specific situation

While knowing the cheapest car insurance companies provides a baseline, getting personalized quotes reveals your actual cheapest car insurance options based on your specific profile. The cheapest car insurance for your situation may differ from general rankings, making quotes essential for finding your cheapest car insurance rates.

The cheapest car insurance varies by individual circumstances, but GEICO consistently offers competitive rates across multiple driver profiles. Travelers provides excellent value for full coverage, while USAA serves military families exceptionally well.

Your most affordable option depends on your age, location, driving record and coverage needs. Comparing quotes from multiple insurers remains the most effective way to find cheap car insurance that meets your requirements.

Below are answers to frequently asked questions about saving money on car insurance to help you find the cheapest policy:

To rank the cheapest car insurance companies, we analyzed insurance rates from state insurance departments and Quadrant Information Services, using driver profiles with varying ages, driving histories, credit scores and locations to identify the cheapest rates for different needs.

Quote Data Depth

MoneyGeek reviewed 2,474,515 quotes from 607 companies across 3,523 ZIP codes to find the most affordable car insurance options for various driver profiles.

Driver Profiles

To identify the cheapest rates, MoneyGeek's analysis used a standard driver profile with these characteristics:

• 40-year-old male
• Clean driving record
• 2012 Toyota Camry LE
• 12,000 miles driven annually

We adjusted this profile based on location, age, credit score and driving history, including ticket, DUI or accident scenarios. Family premiums were calculated by adding a 16-year-old to a family policy.

Defining Full Coverage Quotes

Unless stated otherwise, a full coverage policy includes specific coverage limits such as: 

• $100,000 in bodily injury liability coverage per person
• $300,000 in bodily injury liability coverage per accident
• $100,000 in property damage liability coverage per accident
• Comprehensive and collision coverage with a $1,000 deductible

Defining Minimum Coverage Quotes

Unless stated otherwise, a minimum coverage policy includes:

• $100,000 in bodily injury liability coverage per person
• $300,000 in bodily injury liability coverage per accident
• $100,000 in property damage liability coverage per accident

This excludes comprehensive and collision coverage. Note that minimum coverage differs from state minimum coverage requirements.

How We Ranked the Cheapest Insurers for Affordability

MoneyGeek's analysis evaluated providers using data from AM Best, J.D. Power, the CRASH Network report card, Quadrant Information Services and state insurance departments. Insurers were scored out of 100 using these weighted factors:

• Financial stability: 5%
• Customer satisfaction: 25%
• Claims satisfaction: 20%
• Coverage offerings: 10%
• Affordability: 40%

Learn more about MoneyGeek's auto insurance methodology.