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 Bankrate’s proprietary research method revealed that USAA, Clearcover and Geico are among the best car insurance companies in 2022. 

The best car insurance companies in November 2022

Our extensive research revealed that these 10 insurers are some of the best car insurance companies available:

How We picked the best auto insurance companies

We used our car insurance expertise and extensive data to assess the insurance industry's landscape to provide an easy-to-use shopping and comparison tool for consumers; we calculated a Bankrate Score out of 5.0 total points. The higher a company’s Bankrate Score, the more competitively that company ranked in each scoring category. Our picks highlight auto insurers that:

The top 10 car insurance companies

The best auto insurance companies by state

While we stand by our picks for the top car insurance companies on a national level, it is important to know that the best insurers could vary by state. To determine the best auto insurance company in your state, you’ll likely want to look at more than just each carrier’s average cost of car insurance. Price is only one part of your policy, and while it is important, it’s not the only aspect of a company that you should review. For example, third-party customer satisfaction scores can vary widely between regions, so while you may choose one company in one area, it may not meet your needs in another. Bankrate conducted extensive research into the car insurance markets in all 50 states and Washington, D.C. and evaluated the largest carriers by market share using our proprietary Bankrate Score method. Our research might help you find the best car insurance in your state. 

Compare the best car insurance companies by state

The average annual full and minimum coverage auto insurance premium based on a 40-year-old driver with a clean driving record and good credit.

How to find the best auto insurance company for you

Knowing the best car insurance companies nationally and in your state can be a good starting point as you start to shop for coverage, but how do you actually find the best company for you? Every driver has unique needs, and the best car insurance companies overall or the best in a given state may still not be the best option for your situation. Here, we show you how to understand your individual car insurance needs so you can find the best company for your circumstances.

Understand the different types of car insurance

One of the first steps to finding the best auto insurance for you is to understand your needs. That starts with learning about the key coverage options available and how these options work together to provide financial protection. 

  • Bodily injury liability coverage pays for the injuries you cause to others in an at-fault accident.
  • Property damage liability coverage pays for the damage you cause to another’s vehicle or other property (like a fence, pole or building) in an at-fault accident.
  • Uninsured and underinsured motorist coverage pay for injury and damage caused by a driver who either lacks sufficient coverage or any coverage at all.
  • Personal injury protection (PIP), also known as no-fault insurance and only available in certain states, pays for medical expenses you and your passengers incur following an accident, regardless of fault. It also accounts for non-medical expenses incurred as a result of an accident, such as lost wages or the cost of childcare. 
  • Medical payments coverage is similar to PIP insurance coverage but includes only payments for medical expenses. It is required in some states and optional in others.
  • Comprehensive coverage pays for damage to your car caused by non-collision losses like fire, theft, vandalism and storm damage. Comprehensive also pays for damages caused by hitting an animal and cracked windshields.
  • Collision coverage pays for damages to your vehicle caused by a collision. If you collide with another car, tree, pole, building or pedestrian, your collision coverage is the part of the policy that will pay for the damage to your vehicle.
These are the main types of auto insurance coverage, but there are more types of car insurance coverage available that may be worth discussing with your insurer. For example, you might consider adding gap insurance if you buy a newer car or ridesharing coverage if you drive for a company like Uber or Lyft. Additionally, each state has its own car insurance laws, and each driver is unique. Talking with a licensed agent can help you determine the best auto insurance coverage types and limits for your needs.

Know what factors affect your car insurance options

Other factors exist that significantly influence your car insurance company options. Each insurance company has underwriting metrics that affect your eligibility and rate. 

  • Driving record: If you have a history of at-fault accidents, tickets or DUI convictions, you may find fewer companies to choose from since high-risk drivers are not eligible for coverage from every carrier.
  • Age and driving experience: Younger drivers have less experience on the road, leading to a higher accident frequency. This can often lead to higher car insurance rates. Unless you’re in Hawaii or Massachusetts, which ban age as a rating factor, the best company for drivers insuring young drivers may be ones that offer student or telematics discounts to offset premium increases.
  • State and city: States have different insurance laws, accident statistics, crime rates and living costs. Because of this, insurance companies may not be available in certain states or even in some cities or ZIP codes.
  • Vehicle make and model: Each make and model of vehicle has unique features which impact the likelihood of accidents, the severity of accidents and the cost to repair the vehicle itself. Because of this, insurers may not insure certain vehicle types.
  • Credit-based insurance score: In most states, elements of your credit history are used to determine how likely you are to file a claim, which can affect your rate and eligibility with certain companies. 
  • Insurance lapse history: Because most states require drivers to have at least minimum levels of coverage, insurance lapses can result in higher premiums when you take out a policy again. You may also be considered a higher risk and have fewer options when shopping for car insurance companies.

Review customer satisfaction metrics

It may not be as obvious as price or coverage options, but customer satisfaction is just as important as those other metrics when you shop for car insurance. After all, you want to make sure your company is there for you when you need it most — when you file a claim. Third-party rating agencies, which maintain neutrality, provide a basis for understanding a company’s overall level of service, number of complaints and financial strength ratings. These metrics help you gain a deeper view of a carrier’s performance and can help you choose a company based on more than just a quoted rate. This helps ensure you find a carrier that meets all of your needs. To determine a company’s level of service, consider taking these steps:
  • Look at J.D. Power scores: J.D. Power is a data analytics company that conducts several annual reviews of the car insurance industry, ranging from customer and claims satisfaction to digital tool satisfaction. J.D. Power is a trusted name in the industry, and its ratings — particularly those that apply specifically to your region — could help you choose a carrier based on customer satisfaction.
  • Consider NAIC complaint index: The NAIC keeps a record of customer complaints filed about insurance companies and compiles them into a complaint index. A 1.00 index is the baseline number of complaints expected in a given year. A rating below 1.00 indicates fewer complaints than average, and conversely, a rating above 1.00 indicates more complaints than average. 
  • Review AM Best financial strength ratings: AM Best rates the historical financial strength of various companies, including insurers. A financial strength rating gives you an idea of a company’s past ability to pay claims. A higher financial strength rating may indicate that a company has historically been financially stable.
  • Talk with current policyholders: If you know someone who has their car insurance with a company you are considering, ask them about their experience. You can ask about general service, billing and payment service, and claims service to get a sense of what it’s like to be insured with that company.

Learn how to find the best rates on car insurance

Although you can’t control some of the factors that are used to determine your car insurance rate, there are a few things you can do to help secure a competitive rate:

  1. Shop around: Car insurance companies use unique rating algorithms to determine your premium, so you’ll get a different rate with each carrier. Shopping early — up to a month prior to your renewal date — can be helpful, as it allows you time to gather quotes and make a decision. Most companies require at least a month’s down payment, so make sure you account for that in your budget.
  2. Utilize discounts: You may find a lower rate if you get a quote from a company that offers several discounts you can apply to your policy.
  3. Talk with current policyholders: If you know someone with car insurance with a company you are considering, ask them about their experience. You can ask about general service, billing and payment service, and claims service to get a sense of what it’s like to be insured with that company.
  4. Participate in a telematics program: Telematics discounts are programs that track your driving habits. If you are a safe driver, you could save on your premium.
  5. Keep a clean driving record: At-fault accidents and tickets are signs that you may engage in risky driving behaviors and can significantly increase your rates.
  6. Consider your vehicle: While not the most practical step for everyone, you could consider shopping for a different vehicle if you need to lower your rates drastically.
  7. Set realistic expectations: For example, if you have a DUI conviction on your record, your version of a competitive premium is likely to be higher than someone with a clean driving record.

Recent news: Inflation and its effect on car insurance

Inflation has been a headline news story for months, and with good reason. A study from March 2022 showed that 93 percent of Americans have felt the effects of higher prices, and of that number, 74 percent said that inflation was damaging to their personal finances. Inflation has continued to rise since March, so it’s likely that those numbers are now higher. In a Bankrate survey from September 2022, 55 percent of Americans said that their income hasn’t been able to keep up with the increased cost of household expenses, including insurance premiums. 

As premiums continue to rise, it’s important to understand how car insurance costs are affected. If you are facing a premium increase upon your next policy renewal, shopping for a new car insurance company may be worth considering. But the price isn’t everything. As vehicle repairs and medical care costs increase, finding the best coverage for your needs is also crucial. Ensuring you have proper coverage could help reduce the financial risk of being underinsured. Bankrate’s editorial team continues to monitor the insurance industry and speak to industry experts.

Who has the best car Insurance ? 

The provider that is best for you will ultimately depend on your unique situation, wants and needs. The companies we researched for this article could be a great starting point, as they offer a good mix of affordable rates, high customer satisfaction scores, and robust coverage and discount options.

Which Car Insurance company has the cheapest rates ? 

Of the companies on our list, USAA and Geico have the lowest average full coverage premiums. While these carriers may offer low average rates, they still might not be the cheapest for you. Your premium will depend on your individual rating factors, which include your driving history, the type of car you drive and the state you live in. Getting and comparing quotes from several insurers, taking advantage of discounts and maintaining a clean driving record might help you find the cheapest car insurance company for your situation. 

How do i choose car insurance company ? 

With so many insurance companies to choose from, you might still feel unsure how to pick the best option. Choosing the best car insurance company for you involves first understanding your own wants and needs. The company that is best for a high-risk driver may be different from the company that fits the needs of a family with teen drivers, for example. And those looking for strong digital tools might not choose the same company as someone looking for a local agent. Once you know what features you are looking for, you can get quotes from companies that might fit your needs. Comparing quotes allows you to analyze various factors of a company, like coverage options, discounts and average rates. You can also review third-party scores from companies like J.D. Power, AM Best and the NAIC to get a broader understanding of each carrier. 

What Car Insurance company has the best customer Satisfaction ? 

Based on data from the 2022 J.D. Power U.S. Auto Insurance Study, USAA tends to have the highest customer satisfaction ratings. However, it doesn’t qualify for official ranking due to eligibility requirements. Geico and State Farm generally have above-average ratings, but ranks vary by region. Additionally, the best customer service could mean something different to different policyholders. If you prefer having a local agent, you probably won’t be happy with an all-digital company. Understanding your preferences and choosing a carrier can go a long way toward a good service experience. 

Which Car Insurance Company has the most complaints ? 

Clearcover has an NAIC complaint index of 1.97 for its private passenger auto product, which means that nearly twice as many complaints are recorded when compared to the baseline. The NAIC only received nine complaints about Clearcover’s auto insurance in 2021, though, which likely means the data is being skewed by Clearcover’s relative newness in the insurance market. State Farm, a far more established carrier and the largest auto insurer in the nation, received the highest number of complaints at 1,522 but has a compliant index of 0.67 for its auto product, likely due to the carrier’s larger size.
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