AFFORDABLE CAR INSURANCE


Every rational individual will always love to spend little while getting all the maximum satisfaction he can get. Auto insurance even though not mandatory in every country is quite a necessity. Eventualities are the realities of life hence, the utmost importance to acquire an auto insurance package or coverage. The major problem as always been getting an affordable or most likely cheap auto insurance plan. The good news remains that a cheap auto insurance is quite accessible.

If you own a car, car insurance is a required expense in 48 of the 50 states. A lack of diligence when shopping for your car insurance could lead to a hefty monthly bill, as well as headaches if you actually need to file a claim. We researched and explored quotes from over 128 companies in 2,700 cities to determine which insurers had the lowest costs, nationally and in each state. Our team also evaluated which companies had the best track record for customer service and the claims process.

ALSO READ: What Auto Insurance Is The Cheapest?

      What is the Cheapest Car Insurance Company?

After our analysis of 2,700 cities and 128 companies, we found that Erie was the most affordable major insurer in the country with an average yearly rate of $1,052 based on our sample driver – about 31% cheaper than the national average across every insurer. The very largest of the five is GEICO, the second largest auto insurer in the U.S. by market share.

Rank Company  Annual Rate
1 Erie $1,052
2 GEICO $1,067
3 American Family $1,099
4 Auto Owners $1,201
5 Progressive $1,241
6 Farmers $1,249
7 State Farm $1,372
8 State Auto $1,397
9 Nationwide $1,404
10 Allied $1,470
11 Allstate $1,718
12 Safe Auto $1,855
13 MetLife $1,957
14 Victoria $2,057
15 Encompass $2,129
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*Premiums based on our sample driver

The Three Cheapest Car Insurance Companies

  • Erie

Erie is the United States’ 13th largest insurer despite being found in only nine states. Overall, it was frequently the cheapest insurer for drivers in its market, beating state averages by 28%. In states like Virginia and Pennsylvania, drivers could find Erie for 40% less than the state average.


The nation’s second-largest insurer is the second least expensive one as well. Though found in every state, drivers in New York and Utah can save up to 50% by going with GEICO. On average, GEICO beat state averages by 28%.

  • American Family

Though not the most well-known brand of auto insurance, we still found American Family in nearly 1,000 cities nationwide where it beat state averages by 14%. Drivers in Washington and Colorado can even reap premiums 32% and 29% under their state averages.

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Get an affordable auto insurance is no longer a nightmare but a dream that could be readily actualized. From the above propositions, it is quite evident that the three most affordable auto insurance include, Erie, GEICO and American Family.

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