Our team of insurance experts carefully analyzed different driver profiles and coverage levels to help you find cheap car insurance for your unique situation.
Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.
CarInsurance.com compared more than 30 auto insurance providers across the United States to find the insurers offering the best rates. In addition to Progressive and Geico, major insurers Travelers, Farmers, Erie, State Farm, Nationwide, Allstate and USAA also offer some of the lowest auto insurance prices.
“Car insurance buyers, like voters in political elections, are time- and attention-constrained and therefore do not devote much energy to searching for information about the alternatives available to them,” says Shughart.
“Theories of consumer searches conclude that it is optimal to stop when the costs of gathering one more piece of information (value of other uses of time forgone) equal the perceived benefits of continued search (lower price or improved quality).”
Progressive is the cheapest major car insurance company for full coverage policies, providing savings of $850 compared to the national average. Progressive is also the cheapest insurance company for liability and state minimum coverage levels.
New York City Mayor Eric Adams has enacted a new law that reduces the mandatory auto liability insurance coverage for for-hire vehicles.
