The Cheapest Car Insurance Companies (June 2024)


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Updated: June 26, 2024

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Travelers offers the cheapest car insurance for full coverage, while GEICO provides the cheapest state-minimum policies. State Farm is the cheapest for teens, seniors, drivers with tickets and with accidents. For those with bad credit, Nationwide is the cheapest while Progressive offers the cheapest premium for drivers with DUI.

We ranked the cheapest companies nationally and by state for each category to help you find the insurer that best fits your profile.

MoneyGeek Logo IconCheapest Car InsuranceCompanies
2024

Why Trust MoneyGeek? We gathered insurance rates from state departments of insurance and Quadrant Information Services, utilizing driver profiles with different ages, driving histories, credit scores and geographic locations to showcase the cheapest rates for various individual needs.

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These rates reflect the cheapest car insurance quotes nationally and by state as of June 2024.

2,474,515 Quotes Analyzed
 
607Companies Compared
 
3,523Zip Codes

Cheapest Car Insurance for Full Coverage: Travelers

Travelers and Nationwide are the top two cheapest car insurance companies nationwide, offering the most affordable full coverage policies. A full coverage policy provides the best financial protection in the event of an at-fault incident.

Cheapest Full Coverage Car Insurance Companies and Rates:

  • Travelers: $1,124 per year, $94 per month
  • Nationwide: $1,141 per year, $95 per month
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MoneyGeek Top Pick: Full Coverage
Travelers

Average Annual Rate: $1,124

Travelers provides low-cost comprehensive car insurance and optional add-ons for enhanced protection. Add-ons include roadside assistance for vehicle breakdowns, rental car coverage during repairs, new car value protection, first accident forgiveness, loan coverage for total loss, and rideshare coverage in Colorado or Illinois. Travelers also offers rate reductions with discounts for policy bundling, owning a new or eco-friendly car, paying upfront, and more, all designed to increase your protection and savings.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:100/300/100 Full Cov. w/$1,000 Ded.
TravelersAnnual Premium$1,124Monthly Premium$94
NationwideAnnual Premium$1,141Monthly Premium$95
GEICOAnnual Premium$1,183Monthly Premium$99
State FarmAnnual Premium$1,222Monthly Premium$102
ProgressiveAnnual Premium$1,287Monthly Premium$107
AllstateAnnual Premium$1,460Monthly Premium$122
FarmersAnnual Premium$1,483Monthly Premium$124

Moneygeek found that Nationwide and Travelers offer the cheapest full coverage insurance for a 100/300/100 policy, as well as a policy with increased coverage of 300/500/300. The shorthand of 100/300/100 means:

  • $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

The table above allows you to review our analysis of the most affordable car insurance rates for a full coverage policy with 100/300/100 or 300/500/100 limits. Reviewing providers and rates for different policy limits shows how valuable it is to shop around and find and compare cheap car insurance quotes to find an affordable policy with the coverage you need.

Cheapest Full Coverage Car Insurance by State

States regulate insurance individually, so different states can have different price levels. Insurance companies may also calculate rates by city, as different cities and towns may have higher or lower risk levels for car accidents and theft. Use the table below to explore the cheapest car insurance companies for a full coverage policy in your state. Click on your state to learn more about local and individual insurance options.

AlabamaCheapest CompanyCountry FinancialAnnual Premium$593Monthly Premium$49
AlaskaCheapest CompanyAllstateAnnual Premium$994Monthly Premium$83
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$722Monthly Premium$60
ArkansasCheapest CompanySouthern Farm BureauAnnual Premium$771Monthly Premium$64
CaliforniaCheapest CompanyCSAAAnnual Premium$427Monthly Premium$36
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$721Monthly Premium$60
ConnecticutCheapest CompanyGEICOAnnual Premium$948Monthly Premium$79
DelawareCheapest CompanyTravelersAnnual Premium$865Monthly Premium$72

Full coverage offers the most financial protection, as it includes comprehensive and collision insurance, which can pay for damages to your vehicle in case of an accident. However, if you're looking for the most affordable insurance possible, you might shop for the cheapest state minimum insurance policy available to you.

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Cheapest Car Insurance for Liability-Only Coverage: GEICO

State minimum coverage is the minimum amount of insurance required by law in your state. In some states, it’s also known as liability-only insurance.

Cheapest Liability-Only Car Insurance Companies and Rates:

  • GEICO: $535 per year, $45 per month
  • State Farm: $537 per year, $45 per month

If you want additional liability protection but don't want to purchase comprehensive and collision insurance, you should shop for cheap liability-only insurance with higher coverage levels than your state's minimum requirements.

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MoneyGeek Top Pick: Liability-Only
GEICO

Average Annual Rate: $535

GEICO stands out for its competitive prices on minimum coverage car insurance, targeting drivers who seek a balance between affordability and necessary protection. This insurer distinguishes itself with efficient claims handling, a wide range of discounts, and a user-friendly online interface for policy management. GEICO's commitment to delivering value, coupled with flexible coverage choices, makes it a top selection for individuals in need of economical minimum coverage insurance solutions.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:State Minimum Liability Only
GEICOAnnual Premium$535Monthly Premium$45
State FarmAnnual Premium$537Monthly Premium$45
ProgressiveAnnual Premium$543Monthly Premium$45
TravelersAnnual Premium$550Monthly Premium$46
NationwideAnnual Premium$586Monthly Premium$49
FarmersAnnual Premium$701Monthly Premium$58
AllstateAnnual Premium$795Monthly Premium$66

Cheapest Car Insurance for Liability-Only by State

Even the cheapest car insurance companies charge different prices for minimum coverage policies based on the state. Some states may require more than just liability coverage, such as personal injury protection (PIP) coverage, medical payments coverage or uninsured and underinsured motorist coverage.

Click on your state to find the cheapest minimum coverage options where you live.

AlabamaCheapest CompanyCincinnati InsuranceAnnual Premium$226Monthly Premium$19
AlaskaCheapest CompanyAllstateAnnual Premium$458Monthly Premium$38
ArizonaCheapest CompanyMercuryAnnual Premium$397Monthly Premium$33
ArkansasCheapest CompanySouthern Farm BureauAnnual Premium$288Monthly Premium$24
CaliforniaCheapest CompanyCSAAAnnual Premium$131Monthly Premium$11
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$283Monthly Premium$24
ConnecticutCheapest CompanyGEICOAnnual Premium$435Monthly Premium$36
DelawareCheapest CompanyTravelersAnnual Premium$464Monthly Premium$39
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Cheapest Car Insurance for Drivers by Age

Insurers charge different car insurance rates by age and sex. While sex plays a role in how insurers determine rates, age is a significant factor. A teen driver might pay thousands of dollars more per year than an adult driver, as the risk of motor vehicle crashes among teens ages 16 to 19 is almost three times as high as drivers older than 20.

Similarly, when you reach your senior years, car insurance companies start raising rates again, as drivers over 70 have a higher crash mortality rate per 1,000 crashes than middle-aged drivers. Use the table below to find the most affordable insurer and rate by age for a full coverage policy.

16CompanyState FarmAnnual Premium$3,732Monthly Premium$311
17CompanyState FarmAnnual Premium$3,312Monthly Premium$276
18CompanyState FarmAnnual Premium$2,966Monthly Premium$247
19CompanyState FarmAnnual Premium$2,531Monthly Premium$211
20CompanyState FarmAnnual Premium$2,272Monthly Premium$189
21CompanyGEICOAnnual Premium$1,824Monthly Premium$152
22CompanyGEICOAnnual Premium$1,850Monthly Premium$154
23CompanyGEICOAnnual Premium$1,655Monthly Premium$138

Rates shown in this table are for an individual 100/300/100 full coverage policy with a $1,000 deductible.

Cheapest Car Insurance for Teens by State

Insurance companies consider inexperienced student drivers as high risk. For this reason, teen and student drivers can expect higher insurance rates.

Adding a teen driver to a family car insurance policy is often the most affordable option for them to be insured. The table below shows the cheapest car insurance company for teens on a family policy vs. what they may pay for an individual policy with the same insurer.

Data filtered by:Results filtered by:
Age:
Age:16
AlabamaCompanyAllstateFamily Premium$1,862Individual Premium$4,554Percent Increase 59%Cost Increase$2,691
AlaskaCompanyGEICOFamily Premium$2,131Individual Premium$3,887Percent Increase 45%Cost Increase$1,756
ArizonaCompanyTravelersFamily Premium$1,970Individual Premium$3,702Percent Increase 47%Cost Increase$1,732
ArkansasCompanyAllstateFamily Premium$1,689Individual Premium$6,394Percent Increase 74%Cost Increase$4,706
CaliforniaCompanyState FarmFamily Premium$2,943Individual Premium$3,327Percent Increase 12%Cost Increase$384
ColoradoCompanyKemperFamily Premium$1,393Individual Premium$7,816Percent Increase 82%Cost Increase$6,422
ConnecticutCompanyGEICOFamily Premium$1,581Individual Premium$8,657Percent Increase 82%Cost Increase$7,076
DelawareCompanyGEICOFamily Premium$2,930Individual Premium$7,197Percent Increase 59%Cost Increase$4,267

Rates in this table are for a 100/300/100 full coverage policy with a $1,000 deductible. Family premiums were gathered using a profile with two adults and one teen.

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MONEYGEEK EXPERT TIP

Most teens under the age of 18 are not legally allowed to have their own auto insurance policy without a parent or guardian to co-sign. Adding a teen to a family policy is typically the best option for young drivers.
Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance for Young Drivers by State

As you enter your 20s, insurers will assume you have gained some experience on the road and will no longer consider you as high risk as a teen. To get cheap car insurance as a young driver, you will still be eligible to stay on a family policy if you meet eligibility requirements, such as continuing to reside in the family home. Otherwise, you'll need to get on your own individual policy.

AlabamaCompanyCountry FinancialAnnual Premium$791Monthly Premium$66
AlaskaCompanyGEICOAnnual Premium$1,048Monthly Premium$87
ArizonaCompanyRoot Insurance CompanyAnnual Premium$723Monthly Premium$60
ArkansasCompanySouthern Farm BureauAnnual Premium$943Monthly Premium$79
CaliforniaCompanyCSAAAnnual Premium$475Monthly Premium$40
ColoradoCompanyAmerican National P&CAnnual Premium$892Monthly Premium$74
ConnecticutCompanyGEICOAnnual Premium$1,209Monthly Premium$101
DelawareCompanyTravelersAnnual Premium$939Monthly Premium$78

Rates in this table reflect a 100/300/100 full coverage policy with a $1,000 deductible.

Cheapest Car Insurance for Seniors by State

Senior drivers often face more risks on the road than younger adults, as seniors may experience age-related changes in vision, physical functioning and more. Discover the cheapest car insurance companies and rates for seniors aged 65 and older in the table below.

VirginiaCompanyAuto-Owners Insurance CoAnnual Premium$791Monthly Premium$66
AlabamaCompanyCountry FinancialAnnual Premium$549Monthly Premium$46
AlaskaCompanyGEICOAnnual Premium$920Monthly Premium$77
ArizonaCompanyRoot Insurance CompanyAnnual Premium$774Monthly Premium$64
ArkansasCompanySouthern Farm BureauAnnual Premium$701Monthly Premium$58
CaliforniaCompanyCSAAAnnual Premium$421Monthly Premium$35
ColoradoCompanyAmerican National P&CAnnual Premium$706Monthly Premium$59
ConnecticutCompanyGEICOAnnual Premium$931Monthly Premium$78

Rates in this table reflect a 100/300/100 full coverage policy with a $1,000 deductible.

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Best Cheap Car Insurance: State Farm

The best car insurance company is State Farm, with policies costing an average of $1,222 per year or $102 per month. Followed by Nationwide with premiums averaging $1,141 per year, $95 per month.

To find the best insurers who can balance both cost and service, MoneyGeek created a unique, weighted ranking system and scored each provider accordingly to create a score out of 100. Learn more about how we rank the best providers in the methodology at the top of the page.

State FarmAnnual Premium$1,222Monthly Premium$102Score Out of 10079
NationwideAnnual Premium$1,141Monthly Premium$95Score Out of 10077
TravelersAnnual Premium$1,124Monthly Premium$94Score Out of 10077
GEICOAnnual Premium$1,183Monthly Premium$99Score Out of 10074
ProgressiveAnnual Premium$1,287Monthly Premium$107Score Out of 10072
AllstateAnnual Premium$1,460Monthly Premium$122Score Out of 10071
FarmersAnnual Premium$1,483Monthly Premium$124Score Out of 10070

Rates in this table are for a 100/300/100 full coverage policy with a $1,000 deductible.

Cheapest Car Insurance for Military Members: USAA

Current and former military personnel and their families often have unique military discounts or policies available that can make a great impact in lowering the cost of a policy. Without using specific military discounts, MoneyGeek found that USAA and Nationwide are the cheapest car insurance companies for the former and current military.

Cheapest Car Insurance for Military Members and Family:

  • USAA: $866 per year, $72 per month
  • Travelers: $1,124 per year, $94 per month

Discover the average costs of full coverage and liability-only policies in the table below to find the cheapest insurance for military members, veterans and their families.

Data filtered by:Results filtered by:
Coverage Options:
Coverage Options:100/300/100 Full Cov. w/$1,000 Ded.
Age Range:
Age Range:30-59
USAAAnnual Premium$866Monthly Premium$72
TravelersAnnual Premium$1,124Monthly Premium$94
NationwideAnnual Premium$1,141Monthly Premium$95
GEICOAnnual Premium$1,183Monthly Premium$99
State FarmAnnual Premium$1,222Monthly Premium$102
ProgressiveAnnual Premium$1,287Monthly Premium$107
AllstateAnnual Premium$1,460Monthly Premium$122
FarmersAnnual Premium$1,483Monthly Premium$124

Cheapest Car Insurance For Drivers With Incidents

Drivers with moving violations or accidents on their record will have higher rates than those with a clean driving record, as the former are seen as a higher risk to insure. Additionally, drivers who have had a more serious violation, such as a DUI, may need to buy an SR-22 insurance policy.

Although all companies will raise your rates, some will raise them less than others. Explore the sections below to discover the cheapest companies and premiums for high-risk drivers of different profiles.

Cheapest Car Insurance for Drivers With an Accident: State Farm

In general, an at-fault accident will stay on your record and increase your premiums for 3–5 years, depending on the insurer you use and your state. You can still get cheap car insurance as a high-risk driver by comparison shopping to find the best rates.

Cheap Full Coverage Car Insurance for Drivers With an Accident:

  • State Farm: $1,493 per year, $124 per month
  • Travelers: $1,654 per year, $138 per month

Cheap Liability-Only Car Insurance for Drivers With an Accident:

  • State Farm: $679 per year, $57 per month
  • Travelers: $792 per year, $66 per month

Review the table below and compare rates by age and coverage for drivers with an accident.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:100/300/100 Full Cov. w/$1,000 Ded.
State FarmAnnual Premium$1,493Monthly Premium$124
TravelersAnnual Premium$1,654Monthly Premium$138
NationwideAnnual Premium$1,735Monthly Premium$145
GEICOAnnual Premium$1,964Monthly Premium$164
AllstateAnnual Premium$2,057Monthly Premium$171
ProgressiveAnnual Premium$2,074Monthly Premium$173
FarmersAnnual Premium$2,304Monthly Premium$192

Most Affordable for Drivers With an Accident by State

Finding affordable car insurance after an accident may require extra research. Use the table below to find the cheapest national and midtier providers available in your state, and filter it by age to find the cheapest option for you — whether you’re looking for full coverage or liability-only.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:Full Coverage
AlabamaCompanyCountry FinancialAnnual Premium$812Monthly Premium$68
AlaskaCompanyUmialik InsuranceAnnual Premium$1,119Monthly Premium$93
ArizonaCompanyRoot Insurance CompanyAnnual Premium$903Monthly Premium$75
ArkansasCompanySouthern Farm BureauAnnual Premium$1,026Monthly Premium$85
CaliforniaCompanyCSAAAnnual Premium$540Monthly Premium$45
ColoradoCompanyColorado Farm BureauAnnual Premium$928Monthly Premium$77
ConnecticutCompanyGEICOAnnual Premium$1,374Monthly Premium$115
DelawareCompanyTravelersAnnual Premium$865Monthly Premium$72

Cheapest Car Insurance for Drivers With a DUI: Progressive

A DUI can increase your rates by hundreds or even thousands of dollars per year. A company that raises your premium less than its competitors could save you a lot of money.

Cheap Full Coverage Car Insurance for Drivers With a DUI:

  • Progressive: $1,628 per year, $136 per month
  • State Farm: $1,651 per year, $138 per month

Cheap Liability-Only Car Insurance for Drivers With a DUI:

  • Progressive: $662 per year, $55 per month
  • State Farm: $784 per year, $65 per month

To find the cheapest car insurance with a DUI, compare quotes by using the table below to find the cheapest full coverage or liability-only policies by your age range.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:100/300/100 Full Cov. w/$1,000 Ded.
ProgressiveAnnual Premium$1,628Monthly Premium$136
State FarmAnnual Premium$1,651Monthly Premium$138
TravelersAnnual Premium$1,923Monthly Premium$160
FarmersAnnual Premium$2,059Monthly Premium$172
AllstateAnnual Premium$2,200Monthly Premium$183
NationwideAnnual Premium$2,341Monthly Premium$195
GEICOAnnual Premium$3,131Monthly Premium$261

Most Affordable for Drivers With a DUI by State

A DUI is one of the most severe common driving violations, which is why it’s essential to compare quotes from several insurers to find the cheapest and best rate available to you. Depending on the state, you may also be required to have SR-22 insurance.

As a starting point, use the table below to find the cheapest car insurance companies after a DUI. Navigate through average premiums from national and midtier providers by state, age range and coverage option (full coverage or liability-only).

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:Full Coverage
AlabamaCompanyCountry FinancialAnnual Premium$942Monthly Premium$79
AlaskaCompanyUmialik InsuranceAnnual Premium$1,119Monthly Premium$93
ArizonaCompanyRoot Insurance CompanyAnnual Premium$798Monthly Premium$66
ArkansasCompanySouthern Farm BureauAnnual Premium$947Monthly Premium$79
CaliforniaCompanyNational GeneralAnnual Premium$1,519Monthly Premium$127
ColoradoCompanyColorado Farm BureauAnnual Premium$960Monthly Premium$80
ConnecticutCompanyProgressiveAnnual Premium$1,582Monthly Premium$132
DelawareCompanyTravelersAnnual Premium$1,523Monthly Premium$127

Cheapest Car Insurance for Drivers With a Ticket: Nationwide

Similar to having an accident on record, having a ticket on record can impact your car insurance premiums, typically for 3–5 years. The best way to find a cheap car insurance policy with a ticket on record is to gather quotes and comparison shop with at least three providers.

Cheap Full Coverage Car Insurance for Drivers With a Ticket:

  • State Farm: $1,374 per year, $114 per month
  • Nationwide: $1,435 per year, $120 per month

Cheap Liability-Only Car Insurance for Drivers With a Ticket:

  • State Farm: $617 per year, $51 per month
  • Progressive: $664 per year, $55 per month

Use the table below to find the most affordable car insurance company after a ticket and filter through liability-only or full coverage policies and different age ranges.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:100/300/100 Full Cov. w/$1,000 Ded.
State FarmAnnual Premium$1,374Monthly Premium$114
NationwideAnnual Premium$1,435Monthly Premium$120
TravelersAnnual Premium$1,540Monthly Premium$128
GEICOAnnual Premium$1,563Monthly Premium$130
ProgressiveAnnual Premium$1,667Monthly Premium$139
AllstateAnnual Premium$1,710Monthly Premium$142
FarmersAnnual Premium$1,882Monthly Premium$157

Most Affordable Insurance for Drivers With a Ticket by State

Explore the table below to find national and midtier providers available in your state offering affordable policies for drivers with tickets. Filter the table and compare providers based on your state, age range and desired coverage level to find the best option for you.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:Full Coverage
AlabamaCompanyCountry FinancialAnnual Premium$794Monthly Premium$66
AlaskaCompanyUmialik InsuranceAnnual Premium$1,119Monthly Premium$93
ArizonaCompanyRoot Insurance CompanyAnnual Premium$885Monthly Premium$74
ArkansasCompanySouthern Farm BureauAnnual Premium$852Monthly Premium$71
CaliforniaCompanyCSAAAnnual Premium$540Monthly Premium$45
ColoradoCompanyAmerican National P&CAnnual Premium$838Monthly Premium$70
ConnecticutCompanyGEICOAnnual Premium$1,099Monthly Premium$92
DelawareCompanyTravelersAnnual Premium$900Monthly Premium$75

Cheapest Car Insurance for Drivers With Bad Credit: Nationwide

If you have bad credit, Nationwide is the cheapest auto insurance provider for both full coverage and liability-only policies. Meanwhile, Travelers is the second-cheapest provider for full coverage while GEICO is the second-cheapest for a liability-only policy for drivers with bad credit.

Cheap Full Coverage Car Insurance for Drivers With Bad Credit:

  • Nationwide: $1,542 per year, $128 per month
  • Travelers: $1,868 per year, $156 per month

Cheap Liability-Only Car Insurance for Drivers With Bad Credit:

  • Nationwide: $794 per year, $66 per month
  • GEICO: $890 per year, $74 per month

According to the National Association of Insurance Commissioners (NAIC), car insurance companies may increase rates for drivers with lower credit scores to compensate for the elevated risk that you'll make more claims. Indeed, FICO states that 95% of personal insurers use credit-based insurance scores to evaluate the risk of an applicant in states that allow this practice.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Options:
Coverage Options:100/300/100 Full Cov. w/$1,000 Ded.
NationwideAnnual Premium$1,542Monthly Premium$128
TravelersAnnual Premium$1,868Monthly Premium$156
GEICOAnnual Premium$2,001Monthly Premium$167
AllstateAnnual Premium$2,268Monthly Premium$189
FarmersAnnual Premium$2,303Monthly Premium$192
ProgressiveAnnual Premium$2,346Monthly Premium$196
State FarmAnnual Premium$3,351Monthly Premium$279

Most Affordable for Drivers With Bad Credit By State

Finding the cheapest car insurance for poor credit in your state can be a great way to get savings on your monthly bill. However, in states like California, Hawaii and Massachusetts, insurers are not allowed to consider your credit score.

If you live outside of these states and have bad credit, use the table below to find the most affordable auto insurance rates for your profile and filter results by your state, age and coverage preference.

Data filtered by:Results filtered by:
Age :
Age :25
Coverage:
Coverage:Full Coverage
AlabamaCompanyCountry FinancialAnnual Premium$1,174Monthly Premium$98
AlaskaCompanyAllstateAnnual Premium$1,481Monthly Premium$123
ArizonaCompanyRoot Insurance CompanyAnnual Premium$920Monthly Premium$77
ArkansasCompanyNationwideAnnual Premium$1,524Monthly Premium$127
ColoradoCompanyGEICOAnnual Premium$1,667Monthly Premium$139
ConnecticutCompanyGEICOAnnual Premium$1,879Monthly Premium$157
DelawareCompanyTravelersAnnual Premium$1,739Monthly Premium$145
District of ColumbiaCompanyErieAnnual Premium$2,785Monthly Premium$232

Cheapest Car Insurance by Car Model

The car you drive directly impacts your auto insurance premiums, and some cars are cheaper to insure than others. For instance, sports cars are often considered high risk, so premiums may be higher than older cars or common models. However, sports cars aren't only considered high risk but also most likely to be stolen, which makes them likely to come with higher premiums.

Data filtered by:Results filtered by:
Category:
Category:Sedan
Coverage:
Coverage:Full Coverage
Subaru OutbackCompanyNationwideAnnual Premium$1,049
Subaru LegacyCompanyNationwideAnnual Premium$1,157
Subaru ImprezaCompanyState FarmAnnual Premium$1,193
Honda InsightCompanyState FarmAnnual Premium$1,252
Toyota CamryCompanyGEICOAnnual Premium$1,269
Honda AccordCompanyState FarmAnnual Premium$1,283
Nissan SentraCompanyState FarmAnnual Premium$1,295
VW PassatCompanyState FarmAnnual Premium$1,307

Rates in this table reflect a 100/300/100 full coverage policy with a $1,000 deductible or a national average for state minimum liability-only coverage policy.

How to Get the Cheapest Car Insurance Quotes for You

Every car insurance company looks at several personalized factors for each driver when determining rates, and they all calculate these factors differently. This means that rates can vary greatly for the same profile from company to company. Car insurance companies also offer their own unique variety of discounts, some that may apply to you and some that may not.

The best way to get the cheapest car insurance quotes for you is to get quotes from the three best insurance companies using the same coverage details and applying all discounts that you are eligible for. Then, compare the quotes you've gathered to find the cheapest car insurance company for you.

    carInsurance icon

    Consider How Much Coverage You Need

    A great starting point to discover the cheapest car insurance option for you is determining how much car insurance you really need. Liability-only coverage might be a great option for budget-focused drivers who only need the most minimal coverage, while drivers with expensive vehicles may want to invest in a full coverage policy that financially protects their vehicle as an asset.

    In addition, you should consider how often and how far you drive your vehicle or if you intend to park your vehicle for some time but still need to keep it insured. Pay-per-mile coverage typically comes with a base monthly rate alongside a small cost for each mile driven.

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    Shop Around to Get Multiple Quotes

    Before purchasing any car insurance policy, you should get personalized quotes from at least three car insurance companies. Make sure you provide the same information to each company and ask for the quotes on the same day to ensure a fair comparison. Car insurance rates frequently fluctuate, so requesting quotes on the same day with the same information gives you the best picture of what’s available to you for the cheapest car insurance quotes.

    talk icon

    Ask for Discounts

    While shopping around, ask about the discount programs available from the provider and see if you qualify. There are a variety of discount deals that you may be able to take advantage of to further lower the cost of your insurance premium.

    Many insurers offer discounts for paying for your policy in full. If you can afford a lump-sum payment, you can save from 5%–10% on your policy. If you can't afford to make a complete payment for your policy upfront, no-deposit monthly payments are an affordable way to maintain your car insurance policy while staying within your budget.

    insurance2 icon

    Improve Your Driving Record

    Drivers with speeding tickets or car accidents on their driving record are seen as a higher risk to car insurance companies, resulting in higher rates. Therefore, maintain good driving habits to keep your driving record clean and your rates low. To help you with this, many car insurance companies now offer monitoring programs to track and provide feedback on your driving habits. As your driving habits improve, you could see additional savings on your car insurance rates.

    excellentCredit icon

    Improve Your Credit

    Although your credit score may not reflect your driving skills, car insurance companies still use credit scores to evaluate risk when compiling car insurance quotes. By maintaining good credit and a high credit score, you can help keep your car insurance rates down. In addition, review your credit report regularly to ensure it is accurate and doesn’t contain incorrect or false information that could bring your credit score down and increase your car insurance rates.

    carVsCar icon

    Drive a Less Expensive Vehicle

    Car insurance companies use the type of car you drive in their calculation of your rate. They review the vehicle’s safety record, how much it would cost to repair and its reputation for theft. For instance, driving a vehicle with a high safety rating that is not routinely stolen will equate to lower car insurance rates, while a sports car that is highly desired by thieves will result in higher car insurance quotes. Driving a safer, less expensive car is likely to result in cheaper car insurance rates.

    piggyBank icon

    Find Savings for Younger Drivers

    New drivers, such as teens getting their first license, are considered higher risk than more experienced drivers. The higher risk for teens is reflected in more expensive car insurance rates.

    To get the cheapest car insurance for teens, parents should add teen drivers to their existing family policy. Teens who are added to a family policy could save more than $1,800 on average per year compared to teens with their own policy. In addition, shop around for good student discounts for teens with specific grade point averages as well as college student discounts for attending school a minimum distance away from home.

    giveMoney icon

    Raise Your Deductible

    As a general practice throughout the insurance industry, it’s common for those paying a higher deductible to receive a lower premium. However, this is only a good move if you have the funds to pay a higher deductible should you have to file a claim. Otherwise, you may find yourself in a tough spot following an accident. If you choose to go with the lower premium and higher deductible, consider putting some savings in a specific account to draw upon if you have to file a claim.

    homeInsurance icon

    Combine Home and Auto Policies

    A common discount offered by insurers is the option to bundle your policies to receive a discount. This typically means bundling multiple cars or vehicles or a home and auto insurance bundle. When you shop around, make sure to ask each insurer about their bundle discounts to find additional ways to save and get the cheapest car insurance for you.

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    Choose Lower Coverage Levels or Liability-Only

    In some instances, lowering your car insurance coverage or choosing only liability coverage can result in more affordable car insurance. For example, if you have an older car with a depreciated value, carrying full coverage may not provide much benefit. If your car’s value is less than 10 times your annual premium for collision and comprehensive coverage, liability-only is the better choice. However, keep in mind that if your car is leased or financed, the lender likely requires full coverage car insurance.

    If getting a low coverage policy is not an option, you can contact the insurer and ask if they offer monthly payments so you can avail of a no down payment car insurance and get the lowest upfront cost.

Compare Auto Insurance Rates

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FAQs About Finding the Cheapest Car Insurance

Finding the cheapest car insurance for you can be complicated. Here are some of the most common questions consumers have on how to save.

What is the cheapest car insurance company?
How do I find the cheapest car insurance company in my state?
What is the lowest I can pay for car insurance?
What are the cheapest cars to insure?

Expert Advice: Steps to Find Cheap Auto Insurance

  1. Can low-cost car insurance mean drivers are sacrificing quality?
  2. What steps can drivers take to lower their car insurance costs?
  3. What is the best way for drivers to fit auto insurance expenses into their budget?
Dr. Robert J. Thompson, CHA, TMP
Dr. Robert J. Thompson, CHA, TMPAssistant Professor of Business at William Carey University, U.S.A.
Joe Roberts, Ph.D.
Joe Roberts, Ph.D.Director, Center for Innovation and Professional Development at Webster University
Thomas Simeone
Thomas SimeoneTrial Attorney at Simeone & Miller, LLP
Aniruddha Pangarkar, Ph.D., MBA
Aniruddha Pangarkar, Ph.D., MBAAssistant Professor of Marketing at the University of Wisconsin-Green Bay
Scott Wysong, Ph.D.
Scott Wysong, Ph.D.Associate Professor & MBA Program Director in the Satish & Yasmin Gupta College of Business at the University of Dallas
John Espenschied
John EspenschiedAgency Owner of Insurance Brokers Group
Michael Ehrlich
Michael EhrlichAgent, Commercial Department Manager
Keaton Epps
Keaton EppsAssociate Agent
Dwight Rigel
Dwight RigelAgent at Independent Insurors, Inc.
Raymond Pavese
Raymond PaveseCEO and Director of Sales at Pavese-McCormick Agency Inc.
Sarah Todd
Sarah ToddInsurance Advisor & Licensing Manager at Element Risk Management
Cole Powell
Cole PowellAgent at Hopp Insurance
William Voelkel
William VoelkelInsurance Producer
Robbie Korth
Robbie KorthPresident, CIC, Park & Associates, Inc
Kathryn Kelley, CFP®, CLTC®
Kathryn Kelley, CFP®, CLTC®Financial Advisor at Sale Financial Group
Dr. Andrew Burnstine
Dr. Andrew BurnstineAssociate Professor of Marketing at Lynn University
Cristina Guglielmetti
Cristina GuglielmettiIndependent Fiduciary Financial Planner
Matthew M. Stranix, CFP®
Matthew M. Stranix, CFP®Partner, Financial Planner at Precision Wealth Partners
Ann Garcia
Ann GarciaPartner and Financial Advisor at Independent Progressive Advisors
Blaine Thiederman
Blaine ThiedermanFounder and Principal Advisor at Progressive Wealth Management
Jessica Howe, CFP(R), CDFA
Jessica Howe, CFP(R), CDFAFinancial Advisor, President at Silver Oak Advisory Group
Allan Phillips
Allan PhillipsFounder and Adviser at Tree Street Advisory
Paul Savini, Jr., CFP®
Paul Savini, Jr., CFP®Partner at Barrister
Danny Kellogg
Danny KelloggLPL Financial Advisor at Prosperion Financial Advisors
Garrett G. Smith
Garrett G. SmithFinancial Advisor at Ascend Investment Partners
Navarrus Hale
Navarrus HaleFinancial Advisor at Thrivent
Benjamin Cummings, PhD,  CFP®
Benjamin Cummings, PhD, CFP®Assistant Professor and Faculty Director of the Master of Financial Planning and Analytics (MFPA) at Utah Valley University
Jonathan Kiehl, CFP®
Jonathan Kiehl, CFP®Owner and Founder at Evenkiehl
Tom Poltersdorf Jr.
Tom Poltersdorf Jr.Founder at Beyond Your Exit Wealth Management
Nathan Sebesta
Nathan SebestaFinancial Adviser and Owner at Access Wealth Strategies, LLC,
Taylor Dennis CFP®
Taylor Dennis CFP®Senior Wealth Design Specialist and VP at ALTIUS Financial
Adam Burch
Adam BurchAdvisor and Certified Financial Planner™ Professional at Briaud Financial Advisors
Walter R. Worley IV, CFP®, AIF®
Walter R. Worley IV, CFP®, AIF®Financial Planner at Keating Financial Services
Jamie Ebersole, CFA, CFP
Jamie Ebersole, CFA, CFPFounder and CEO at Ebersole Financial LLC
Ross Allen, CFP®, EA, ATFA
Ross Allen, CFP®, EA, ATFAFinancial Planning Associate at Pathfinder Wealth Consulting
Matthew Jenkins, CFA, CFP
Matthew Jenkins, CFA, CFPFounder at Noble Hill Planning LLC
Paul Morton, CFP®
Paul Morton, CFP®Co-Founder of M Advisor
Evan Henderson
Evan HendersonFinancial Advisor, CFP® at Northright Financial
Adrian Rodriguez
Adrian RodriguezAnalyst/Certified Financial Planner™ at Access Wealth
Andrew Rosen CFP®, CEP®
Andrew Rosen CFP®, CEP®President of Diversified LLC
Preeti Shah, CPA, CFP®
Preeti Shah, CPA, CFP®Financial Planner
Wendy Moyers, CFP®, CDFA®
Wendy Moyers, CFP®, CDFA®Wealth Advisor and Relationship Manager at Chevy Chase Trust
Brandon Gregg
Brandon GreggMarket President and Financial Advisor at BBK Wealth Management
Inho Suk
Inho SukPh.D., Associate Professor, School of Management at the University at Buffalo
Joseph R. Stasio
Joseph R. StasioAssociate Professor, Marketing at Merrimack College
Gregg Dimkoff, Ph.D., CFP, CLU
Gregg Dimkoff, Ph.D., CFP, CLUFinance Professor at Grand Valley State University, Consultant, and Financial Planner
Madhuparna Kolay, Ph.D.
Madhuparna Kolay, Ph.D.Associate Professor of Finance, Pamplin School of Business Administration, University of Portland
Kelly Manley, Ph.D.
Kelly Manley, Ph.D.Associate Professor of Economics at the University of North Georgia
Dr. Brian Routh
Dr. Brian RouthAssistant Professor of Accounting at Meredith College, School of Business
Raj Iyengar
Raj IyengarPh.D., CPA, CMA, Professor and Chair of the Department of Accounting at North Carolina Central University
Yutong Xie
Yutong XieAssistant Professor of Finance at The College of New Jersey
Adele L. Harrison, PhD
Adele L. Harrison, PhDProfessor of Finance, Jabs School of Business at California Baptist University
Ian Alam
Ian AlamProfessor of Marketing School Of Business at SUNY at Geneseo
Stephen Calkins
Stephen CalkinsProfessor of Law at Wayne State University
Dr. Andrew Bryant
Dr. Andrew BryantAssociate Professor of Marketing at Drake University
Dr. Brenda Wells
Dr. Brenda WellsRobert F. Bird Distinguished Professor of Risk and Insurance at East Carolina University; Director, Risk Management and Insurance Program
Kim Holder
Kim HolderSenior Lecturer of Economics and Director, Center for Economic Education and Financial Literacy at the University of West Georgia
Jill Duncan
Jill DuncanState Farm Insurance Agent in Carroll County, Georgia
Steve Yerkes
Steve YerkesFaculty Instructor and Certified Financial Planner, University of Northern Iowa
Mandy Harrelson
Mandy HarrelsonProgram Champion Department of Finance, Harbert College of Business at Auburn University
John Dinsmore, PhD
John Dinsmore, PhDAssociate Professor, Marketing at Wright State University
Dr. Samar Issa
Dr. Samar IssaAssistant Professor of Economics and Finance at Saint Peter's University
Kathleen Richard
Kathleen RichardAssistant Professor and Undergraduate Chairperson, Madonna University School of Business
John Hilston
John HilstonProfessor of Economics and History at Eastern Florida State College
Duane Donaldson
Duane DonaldsonFinance Instructor at Columbus State Community College, MBA, CPA
Benjamin Shiller
Benjamin ShillerAssistant Professor of Economics at Brandeis University
PV Viswanath
PV ViswanathGraduate Program Chair in the Department of Finance and Economics at Pace University
Mark Ratchford
Mark RatchfordProfessor of Practice - Freeman School of Business at Tulane University
Deanne Butchey, Ph.D.
Deanne Butchey, Ph.D.Teaching Professor, Department of Finance at the College of Business, Florida International University
Michael Tsiros
Michael TsirosPatrick J. Cesarano Professor and Chair of Marketing at the University of Miami
David Brownstone
David BrownstoneEmeritus Professor of Economics at the University of California, Irvine
Nick Pretnar
Nick PretnarPostdoctoral Scholar at The University of California, Santa Barbara
Kim Austin
Kim AustinState Farm Insurance Agent/Owner
Dr. Arun Upadhyay
Dr. Arun UpadhyayAssociate Professor - Department of Finance at Florida International University
Lealand Morin, Ph.D.
Lealand Morin, Ph.D.Assistant Professor of Economics at the University of Central Florida
Dr. Amanda J. Phalin
Dr. Amanda J. PhalinSenior Lecturer, Warrington College of Business at the University of Florida
Richard McGrath
Richard McGrathProfessor of Economics at Georgia Southern
Jeffrey H. Harris
Jeffrey H. HarrisGary Cohn Goldman Sachs Chair in Finance at American University
Robert H. Jerry, II
Robert H. Jerry, IIFloyd R. Gibson Missouri Endowed Professor Emeritus of Law at The University of Missouri
Sampath Kumar, Ph.D.
Sampath Kumar, Ph.D.Professor of Marketing for the Austin E. Cofrin School of Business at UW-Green Bay
Wayne Miller
Wayne MillerAdjunct Professor, Wayne Law at Wayne State University and COO, Miller & Tischler P.C.
Robert Hartwig
Robert HartwigClinical Associate Professor, Finance Department and Director, Center for Risk and Uncertainty Management; Darla Moore School of Business; University of South Carolina
Derek Lawson
Derek LawsonAssistant Professor, Ph.D., CFP at Kansas State University; Partner & CCO (Priority Financial Partners)
Melissa M. Hart
Melissa M. HartSenior Lecturer, Finance at North Carolina State University
Jeffrey Diamond
Jeffrey DiamondAdjunct Professor at Atlanta's John Marshall Law School
James Philpot
James PhilpotAssociate Professor & Director of the Financial Planning Program at Missouri State University
Steven Gattuso
Steven GattusoAssistant Professor of Economics & Finance at Canisius College
Angelo DeCandia
Angelo DeCandiaInstructor at Touro University
Michael Rainey
Michael RaineyPractitioner Lecturer of Business Law at Pepperdine Graziadio Business School
David Marlett
David MarlettManaging Director of Brantley Risk and Insurance Center, IIANC Distinguished Professor of Insurance at Appalachian State University
Randy Beavers
Randy BeaversAssistant Professor of Finance at Seattle Pacific University
Hank Bahr
Hank BahrAdjunct Lecturer at Haslam College of Business at The University of Tennessee, Knoxville
Jonathan Handy
Jonathan HandyAssistant Professor of Finance at Western Kentucky University
Aron Tobias
Aron TobiasAssistant Professor of Economics at Syracuse University
Amit Sinha
Amit SinhaProfessor of Finance and Quantitative Methods at Bradley University
Rutherford Johnson
Rutherford JohnsonLecturer of Economics at the University of Minnesota Crookston & General Conference Chair of the West East Institute
Malcolm Robinson, Ph.D.
Malcolm Robinson, Ph.D.Professor of Economics at Thomas More University
Dr. James Barth
Dr. James BarthLowder Eminent Scholar in Finance at Auburn University
Carrie L. Johnson
Carrie L. JohnsonAssociate Professor and Extension Specialist at North Dakota State University
Eliezer Fich
Eliezer FichProfessor of Finance at Drexel University’s LeBow College of Business
Leo Chan, Ph.D.
Leo Chan, Ph.D.Associate Professor of Finance at Utah Valley University
Dr. Mikhail Kouliavtsev
Dr. Mikhail KouliavtsevDepartment Chair and Professor of Economics and Finance at Stephen F. Austin State University
Wendy Habegger, Ph.D.
Wendy Habegger, Ph.D.Lecturer at James M. Hull College of Business at Augusta University
Archish Maharaja
Archish MaharajaProfessor of Business and Director of Graduate Programs at Point Park University
Reilly White, Ph.D.
Reilly White, Ph.D.Associate Professor of Finance at the University of New Mexico
Mitchell Langbert
Mitchell LangbertAssociate Professor of Business Management at Brooklyn College
Jie Ying
Jie YingAssistant Professor of Finance at Southern Illinois University Edwardsville
Jim Snooks
Jim SnooksAssociate Professor of Business at Moraine Valley Community College
Myles Trempe
Myles TrempeIndependent Agent at Wallace & Turner
Xin Che, Ph.D.
Xin Che, Ph.D.Assistant Professor of Finance at California State University, Fullerton
David Raleigh
David RaleighOwner, Raleigh Insurance Agency
Shanna Pohlmann
Shanna PohlmannAgency Owner/Accredited Advisor in Insurance
Bob Dummer
Bob DummerInsurance Agent at P&C Insurance Services
Matthew Plemons, CLCS
Matthew Plemons, CLCSAgency Owner at Plemons Inc.
Todd Brundage
Todd BrundagePresident and Founder of Pacific Capital Works
W. Bret Hensley, CFP® Barboursville, WV And Ironton, OH
W. Bret Hensley, CFP® Barboursville, WV And Ironton, OHCertified Financial Planner at Creative Financial Solutions, LLC (CFS)
Austen Harrison, CFP
Austen Harrison, CFPFinancial Advisor at Summit Financial Strategies
Anthony Rondinelli
Anthony RondinelliProfessor of Business at Springfield Technical Community College
Dr. Wendel Weaver
Dr. Wendel WeaverDean of the Chesapeake Energy School of Business at Oklahoma Wesleyan University
Justin Yoshizawa
Justin YoshizawaMercury Insurance Director of Product Management
Jeremy Greiner
Jeremy GreinerVice President/Agent at Heritage Insurance & Real Estate
Ramiro J. Atristain-Carrion
Ramiro J. Atristain-CarrionExecutive In Residence and Adjunct Professor of Finance at Dominican University
Benjamin Pugsley
Benjamin PugsleyAssistant Professor of Economics at the University of Notre Dame
Chris Miller
Chris MillerInstructor of Accounting at the University of Indianapolis
Dr. Vandana Rao
Dr. Vandana RaoProfessor of Business Management at Marymount Manhattan College
Alex Pomelnikov, PhD
Alex Pomelnikov, PhDVisiting Lecturer, College of Business at Texas Woman's University
Irene Leech, Ph.D.
Irene Leech, Ph.D.Associate Professor of Consumer Studies at Virginia Tech
Patrick Cozza
Patrick CozzaExecutive in Residence and Lecturer, Wealth Management at Fairleigh Dickinson University
Heather M. Whaley, PhD, CFCS
Heather M. Whaley, PhD, CFCSProfessor & Dean, School of Business and Family & Consumer Sciences at Carson-Newman University
Biljana Adebambo
Biljana AdebamboAcademic Director, Associate Professor of Finance at the University of San Diego
Steven Haynes
Steven HaynesDirector of Risk Management and Insurance, Assistant Professor of Practice at University of Texas at Dallas
Dr. Zhiyong Yang
Dr. Zhiyong YangProfessor of Marketing and Department Head at UNC Greensboro
Dr. Jukka Laitamaki
Dr. Jukka LaitamakiClinical Professor at New York University School of Professional Studies
Nancy Titus-Piersma
Nancy Titus-PiersmaInstructor of Professional Practice, Spears School of Business at Oklahoma State University
Beibei Dong
Beibei DongAssociate Professor of Marketing at Lehigh University
Mike Schmisek
Mike SchmisekOwner of Premier Mountain Insurance
Kai  Ding
Kai DingAssistant Professor Department of Economics at California State University - East Bay

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About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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