As per WorkingCapital’s comprehensive evaluation, the leading auto insurance firms for this month include American Family, Auto-Owners, Nationwide, and USAA.
We examined various insurers to pinpoint the top players in the car insurance market. Our criteria included affordability, coverage diversity, efficiency in handling claims, and customer feedback. Utilize our insights as a guide to navigate through prominent auto insurers and find the perfect fit for your individual requirements.
WorkingCapital’s top selections for superior car insurance companies in 2024 are:
Editorial Lead
Editor’s note: At WorkingCapital, our revenue is partly generated through commissions earned from affiliate links. It’s important to clarify that these commissions have no impact on the views or evaluations made by our editorial team.
Our editorial integrity is paramount. We offer unbiased evaluations and insights, unaffected by advertisers. Our method is based on a data-driven approach, guaranteeing uniform and equitable evaluation of all financial entities and products. To gain insight into our editorial principles and the particular criteria employed in our reviews, please consult our Evaluation Method.
BEST RENEWAL DISCOUNT
On EverQuote's Website
On EverQuote's Website
$1,959
C-
Low
BEST PRICE FOR DRIVERS WITH A DUI
On MediaAlpha's Website
On MediaAlpha's Website
$2,157
C
Low
BEST GRADE FROM COLLISION REPAIR PROFESSIONALS
On EverQuote's Website
On EverQuote's Website
$2,144
B+
Higher than the industry average
BEST FAMILY DISCOUNTS
On EverQuote's Website
On EverQuote's Website
$1,759
B
Very low
BEST PRICE FOR GAP INSURANCE
On EverQuote's Website
On EverQuote's Website
$1,852
C+
Very low
BEST OVERALL CAR INSURANCE RATES
On VIU by HUB's Website
On VIU by HUB's Website
$1,716
C-
Average
BEST FOR MILITARY MEMBERS & VETERANS
On EverQuote's Website
On EverQuote's Website
$1,412
C
Average
GOOD FOR USAGE-BASED OR MILEAGE-BASED INSURANCE
On VIU by HUB's Website
On VIU by HUB's Website
$2,041
C
Very low
BEST COST FOR DRIVERS WHO HAVE CAUSED AN ACCIDENT
On VIU by HUB's Website
On VIU by HUB's Website
$1,628
B+
Low
BEST FOR LOW LEVEL OF COMPLAINTS
On EverQuote's Website
On EverQuote's Website
$2,176
C+
Very low
| Company | Best For | Avg. Annual Cost For Good Drivers | Collision Repair Grade | Complaint Level |
|---|---|---|---|---|
State Farm |
Best renewal discount | $1,959 | C- | Low |
Progressive |
Best price for drivers with a dui | $2,157 | C | Low |
Erie Insurance |
Best grade from collision repair professionals | $2,144 | B+ | Higher than the industry average |
Westfield |
Best family discounts | $1,759 | B | Very low |
Travelers |
Best price for gap insurance | $1,852 | C+ | Very low |
Geico |
Best overall car insurance rates | $1,716 | C- | Average |
USAA |
Best for military members & veterans | $1,412 | C | Average |
Nationwide |
Good for usage-based or mileage-based insurance | $2,041 | C | Very low |
Auto-Owners |
Best cost for drivers who have caused an accident | $1,628 | B+ | Low |
American Family |
Best for low level of complaints | $2,176 | C+ | Very low |
Embarking on the journey to secure the most suitable car insurance involves understanding your specific coverage requirements. Utilize our list of top car insurance providers along with these strategies to aid your search.
Our evaluation of the finest car insurance companies encompassed a comprehensive analysis based on several key factors. We looked into average rates for diverse driver profiles, the range of coverage options available, customer grievances, and ratings from collision repair professionals.
Auto Insurance Rates (50% of Score): Utilizing data from Quadrant Information Services, we compared average rates from each insurer for various driver categories. These included good drivers, those with at-fault accidents, speeding violations, DUI records, poor credit, uninsured incidents, adding a teenage driver, senior drivers, and young drivers.
The standard rate estimates, unless specified otherwise, were based on a 40-year-old female driver with a Toyota RAV4, including:
Car Insurance Coverage Options (25% of Score): While basic coverage like liability, collision, and comprehensive insurance are standard, we also considered additional coverage options. We evaluated companies offering perks like accident forgiveness, new car replacement, vanishing deductibles, usage-based or pay-per-mile insurance, and SR-22s.
Customer Complaints (20% of Score): Complaint data from the National Association of Insurance Commissioners was integral in our analysis. We examined the complaints logged by state insurance departments against insurers operating within their jurisdiction. The primary areas of concern in these complaints were claim-related issues, such as unsatisfactory settlements, delays, and denials. An industry average complaint ratio is 1.00, and companies scoring below this benchmark indicated fewer customer complaints.
