Based on yourbloghub examination of basic coverage prices, State Farm has the least expensive auto insurance, which comes in at $39 per month.
In current economic climate, it may seem obvious to want cheap auto insurance. However, since every business is unique, what’s inexpensive for one driver might not be the best deal for you. Hence, your blog hub completed the research on your behalf. In order to locate affordable auto insurance in a number of areas, we examined auto insurance quotes from 139 different insurance providers nationwide.
your blog hub study shows that State Farm offers the lowest overall cost for auto insurance, with a monthly average premium of $39 for minimal coverage. In our review of affordable full coverage vehicle insurance, it was also the least expensive.
See which auto insurance provider is the lowest in each of the categories we looked at by looking at the table below.
Cheapest by category | Company | Average monthly rate |
|---|---|---|
$39 | ||
$27 | ||
$46 | ||
$51 | ||
$60 | ||
$57 | ||
$79 | ||
$38 |
The cheapest large car insurance company: State Farm
After analysing basic coverage prices for 2024, your blog hub found that State Farm is the most affordable big auto insurance provider in the US for safe drivers. The average yearly premium for State Farm was $471, or around $39 per month. You can read our State Farm auto insurance review to find out why Your blog hub gave the firm a 5-star rating.
The biggest firms’ cheapest car insurance
Company | Average annual rate | Average monthly rate |
|---|---|---|
$471 | $39 | |
$491 | $41 | |
$520 | $43 | |
$785 | $65 | |
USAA* | $362 | $30 |
*USAA auto insurance is available only to military, veterans and their families. | ||
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The cheapest midsize car insurance company: American National
You don’t have to stick with big insurance providers in order to find inexpensive auto insurance. Even less expensive than State Farm are smaller insurers that provide coverage in several states, such as American National, Auto-Owners, and Erie.
Although they might not be as readily available, smaller insurers can provide lower vehicle insurance costs than bigger providers.
Company | Average annual rate | Average monthly rate |
|---|---|---|
$322 | $27 | |
$374 | $31 | |
$393 | $33 | |
California Casualty | $440 | $37 |
Pure | $449 | $37 |
We selected these businesses because to their availability in several states and very affordable charges. However, where you reside could provide more reasonably priced choices for vehicle insurance. To assist in comparing prices with smaller, less well-known firms, think about collaborating with an independent agent or insurance broker.
Cheapest car insurance after an accident: State Farm
Company | Average annual rate | Average monthly rate |
|---|---|---|
$615 | $51 | |
$686 | $57 | |
$815 | $68 | |
$825 | $69 | |
USAA* | $533 | $44 |
Cheapest auto insurance for poor credit: Geico
Credit can have a shocking impact on auto insurance costs. Drivers with poor credit may pay over $300 more a year, on average, than those with good credit.
If you’re looking for affordable car insurance from a large company, Geico might be a good place to start if your credit is mixed. Based on our analysis of large insurers, the company has the lowest average rates for good drivers with poor credit, at $689 per year, or $57 per month, on average.
Another method used by many insurers to set vehicle insurance rates is credit-based insurance ratings. Finding reasonably priced vehicle insurance may be more challenging if you have poor credit.
Insurance companies are not allowed to utilise credit to decide vehicle insurance rates in Massachusetts, Hawaii, or California.
Company | Average annual rate | Average monthly rate |
|---|---|---|
$689 | $57 | |
$802 | $67 | |
$871 | $73 | |
$872 | $73 | |
USAA* | $597 | $50 |
*USAA auto insurance is available only to military, veterans and their families. | ||
Cheapest car insurance by state
Because prices for vehicle insurance varies significantly from state to state, what constitutes affordable auto insurance will vary based on where you reside.
We located the average lowest vehicle insurance provider for minimal coverage in every state as well as Washington, D.C. for comparison’s purposes.
State | Cheapest company | Average annual rate |
|---|---|---|
$343 | ||
$316 | ||
Noblr | $274 | |
$324 | ||
$239 | ||
$185 | ||
$618 | ||
$674 | ||
$322 | ||
$415 | ||
$278 | ||
$134 | ||
$335 | ||
$261 | ||
Hastings Mutual | $188 | |
$341 | ||
$222 | ||
$476 | ||
Patriot Insurance | $349 | |
$522 | ||
Vermont Mutual | $263 | |
Wolverine Mutual | $248 | |
$332 | ||
$330 | ||
$323 | ||
$181 | ||
$120 | ||
$460 | ||
$228 | ||
$357 | ||
$323 | ||
NYCM | $380 | |
$364 | ||
$325 | ||
Buckeye | $221 | |
American Farmers & Ranchers | $275 | |
CIG | $537 | |
$295 | ||
Quincy Mutual | $519 | |
$215 | ||
North Star | $242 | |
$274 | ||
$372 | ||
QBE | $414 | |
Union Mutual | $193 | |
$376 | ||
Pemco | $222 | |
$319 | ||
Westfield | $415 | |
Integrity | $166 | |
$132 |
However, state averages are only so useful. Minimum coverage vehicle insurance premiums might vary even within a state. For this reason, yourbloghub examined prices for a few of the biggest American cities.
