Cheap Car Insurance
As it turns out, the cheap car insurance market is dominated by three main providers:
- State Farm
GEICO is seen as the cheapest option in 19 of the 50 states in the USA. It is also one of the three most affordable options 75 percent of the time, and its best offer is often hundreds of dollars cheaper than the next-best competitor. For example, this is the annual quotes for New York, Pennsylvania, and Washington.
New York Pennsylvania Washington
GEICO: $329 GEICO: $225 GEICO: $623
Allstate: $538 State Farm: $394 Allstate: $898
Sporadically, the reason GEICO was able to beat its competition by such a large margin is major because the other insurers required slightly more coverage than the state mandated.
The gecko-loving company is without disbelief the most constantly affordable option out there, so it deserves a shopper’s consideration. According to research, it is safe to say that 15 minutes could often save one “15 percent or more” on a state-minimum policy. Nonetheless, its range of coverages and discounts don’t particularly shine when compared to a competitor like Allstate. Allstate customers enjoy prepaying discounts, low-mileage discounts, interior vehicle coverage, and new car replacement — unlike GEICO services.
When it comes to customer service ratings, GEICO doesn’t have anything to write home about. But, if you’re dead-set on purchasing the least amount of insurance that you possibly need, then GEICO is your best bet.
Quotes aside, State Farm is the nation’s largest auto insurer. It ranks consistently well for customer satisfaction and rates above average in most of the regions of the J.D. Power survey. It also earns A.M. Best’s top marks (A++) for financial strength. Which means it is a great choice if one can spare a few extra dollars each month. Plus, it has the best tools of any auto insurance provider out there, including mobile bill pay, mobile claim filing, and a pay-by-bank account option.
The Progressive was usually less than $20 ahead of GEICO(which was usually the runner up or the first). But that doesn’t mean Progressive is never a viable option, though. Consider the state of Montana, where Progressive came in $22 cheaper for the year. So for less than $2 more each month, a Montana driver could take advantage of mobile claims filing, loyalty discounts, prepay discounts, and low-mileage discounts that GEICO doesn’t offer.
Where to Find Car Insurance Discounts
The key to cheap car insurance rates is, once an individual has seen some quotes, he/she would need to master discounts. Many insurers have a wide variety of overlooked deductions that go beyond bundling or insuring multiple vehicles, and some of them are less obvious than you may think.
Having to enroll into the cheap car insurance across the states, is one of the best things that could happen to any car owner, this is because it saves costs. It also saves one the stress of running around.
The individual enjoys every bit of the benefits of enrolling in such insurance company.