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Best Car Insurance Providers for February 2024

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:

  • American Family: Distinguished for Minimal Customer Complaints
  • Auto-Owners: Optimal for Drivers with At-fault Accidents
  • Nationwide: Recommended for Pay-per-use or Distance-based Coverage
  • USAA: Exceptional for Service Members & Veterans
  • Geico: Premier Choice for General Insurance Rates
  • Travelers: Most Favorable for Gap Coverage Pricing
  • Westfield: Outstanding for Family-oriented Discounts
  • Erie: Top-rated by Collision Repair Experts
  • Progressive: Ideal for Drivers with DUI Records
  • State Farm: Notable for Loyalty Discounts
William Stern
William Stern

Editor, Working Capital Staff

November 21, 2023

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 Car Insurance Companies

BEST RENEWAL DISCOUNT

State Farm

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On EverQuote's Website

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On EverQuote's Website

Avg. Annual Cost For Good Drivers

$1,959

Collision Repair Grade

C-

Complaint Level

Low

Why We Picked It
Pros & Cons
States Available In

BEST PRICE FOR DRIVERS WITH A DUI

Progressive

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On MediaAlpha's Website

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On MediaAlpha's Website

Avg. Annual Cost For Good Drivers

$2,157

Collision Repair Grade

C

Complaint Level

Low

Why We Picked It
Pros & Cons
States Available In

BEST GRADE FROM COLLISION REPAIR PROFESSIONALS

Erie Insurance

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On EverQuote's Website

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On EverQuote's Website

Avg. Annual Cost For Good Drivers

$2,144

Collision Repair Grade

B+

Complaint Level

Higher than the industry average

Why We Picked It
Pros & Cons
States Available In

BEST FAMILY DISCOUNTS

Westfield

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On EverQuote's Website

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On EverQuote's Website

Avg. Annual Cost For Good Drivers

$1,759

Collision Repair Grade

B

Complaint Level

Very low

Why We Picked It
Pros & Cons
States Available In

BEST PRICE FOR GAP INSURANCE

Travelers

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On EverQuote's Website

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On EverQuote's Website

Avg. Annual Cost For Good Drivers

$1,852

Collision Repair Grade

C+

Complaint Level

Very low

Why We Picked It
Pros & Cons
States Available In

BEST OVERALL CAR INSURANCE RATES

Geico

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On VIU by HUB's Website

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On VIU by HUB's Website

Avg. Annual Cost For Good Drivers

$1,716

Collision Repair Grade

C-

Complaint Level

Average

Why We Picked It
Pros & Cons
States Available In

BEST FOR MILITARY MEMBERS & VETERANS

USAA

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On EverQuote's Website

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On EverQuote's Website

Avg. Annual Cost For Good Drivers

$1,412

Collision Repair Grade

C

Complaint Level

Average

Why We Picked It
Pros & Cons
States Available In

GOOD FOR USAGE-BASED OR MILEAGE-BASED INSURANCE

Nationwide

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On VIU by HUB's Website

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On VIU by HUB's Website

Avg. Annual Cost For Good Drivers

$2,041

Collision Repair Grade

C

Complaint Level

Very low

Why We Picked It
Pros & Cons
States Available In

BEST COST FOR DRIVERS WHO HAVE CAUSED AN ACCIDENT

Auto-Owners

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On VIU by HUB's Website

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On VIU by HUB's Website

Avg. Annual Cost For Good Drivers

$1,628

Collision Repair Grade

B+

Complaint Level

Low

Why We Picked It
Pros & Cons
States Available In

BEST FOR LOW LEVEL OF COMPLAINTS

American Family

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On EverQuote's Website

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On EverQuote's Website

Avg. Annual Cost For Good Drivers

$2,176

Collision Repair Grade

C+

Complaint Level

Very low

Why We Picked It
Pros & Cons
States Available In
CompanyBest ForAvg. Annual Cost For Good DriversCollision Repair GradeComplaint Level
State Farm

State Farm

Best renewal discount$1,959C-Low
Progressive

Progressive

Best price for drivers with a dui$2,157CLow
Erie Insurance

Erie Insurance

Best grade from collision repair professionals$2,144B+Higher than the industry average
Westfield

Westfield

Best family discounts$1,759BVery low
Travelers

Travelers

Best price for gap insurance$1,852C+Very low
Geico

Geico

Best overall car insurance rates$1,716C-Average
USAA

USAA

Best for military members & veterans$1,412CAverage
Nationwide

Nationwide

Good for usage-based or mileage-based insurance$2,041CVery low
Auto-Owners

Auto-Owners

Best cost for drivers who have caused an accident$1,628B+Low
American Family

American Family

Best for low level of complaints$2,176C+Very low
Guide to Securing Optimal Car Insurance

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.

  • Identify Required Coverage: Start by assessing the type and amount of car insurance you need. This enables you to compare identical coverage options across different insurers, aiding in a more effective comparison. Additionally, opting for only necessary coverages and avoiding superfluous ones can significantly reduce your insurance costs.
  • Compare Multiple Insurers: Engage in comparison shopping among a variety of insurance companies. Since each insurer has unique methods for evaluating factors such as age, driving history, and vehicle type, this step will reveal who provides the best rates for your individual circumstances.
  • Explore All Options: Don’t limit your search to well-known national insurers; consider the offerings from smaller, regional firms too. Companies like Westfield, known for their extensive family discounts, often present competitive rates and additional benefits.
  • Purchase with Assurance: Once you’ve explored various coverage options and their costs, confidently choose a policy, assured of your thorough comparison process.
  • Reevaluate Periodically: Remember, car insurance is not a one-time decision. Regularly reassessing your insurance, especially after significant life changes like adding a driver, acquiring a new vehicle, relocating, or any other rate-altering events, is crucial. Your ideal insurer today might not be the most economical choice in the future.
Evaluation Method

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:

  • Bodily injury liability coverage: $100,000 per person, $300,000 per accident
  • Property damage liability coverage: $100,000
  • Uninsured motorist coverage: 100/300
  • Collision and comprehensive insurance with a $500 deductible

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.