Over the years, insurance has proven to be a lifesaver in time emergencies and low, or out of cash situations, especially when you are involved in an auto accident, or you suddenly break down, the case Implies in our discussion, Car Insurance. Many car owners, especially the new car owners, regularly surf the net to know how much an Average Car Insurance Costs so they can buy a car quote. If you are one of those looking for Average Car Insurance Cost Per Month or annually, you can read through this article and be adequately informed as well as all you need to do and how you will go about it including some of the top car insurance in the United States that will offer you quality and affordable Car quote.
Compare Car Insurance
If you are looking to save money on your car insurance, comparison shopping is essential. This is why: While insurers look at the same factors, they each have their own “secret sauce” when it comes to setting rates. Two companies may charge different rates for the same driver.
While auto insurance costs tend to rise over time, they can also drop. You might find your current insurer has the lowest rate, or it might be time to switch.
An auto insurance rate is determined by several factors: marital status, ZIP code, annual mileage, driving record, vehicle make, year, and model. Rates can also be determined by your credit history and gender in most states.
NerdWallet analyses car insurance rates every year for people with different credit and driving histories.
Average car insurance rates for a 20-year-old driver vary significantly from state to state. Some states, like Hawaii and North Carolina, have average rates under $1,530 a year for full coverage. In other states, such as Louisiana and Nevada, insurance costs more than $5,000 a year, on average, for the same driver.
AVERAGE CAR INSURANCE COST IN USA
A lot of options come to mind when seeking car insurance knowing that there are numerous insurance companies out there, and that is why you must gather sufficient information and compare car quotes before you conclude. However, it is pertinent that you know the average Car Insurance Quotes so that you can make a proper choice.
Well! To be candid, there is no Average Car Insurance Cost set by the U.S government, but comparing the prices from the top insurance companies, and we can provide come up with the average car insurance cost. The amount of car insurance is influenced by several factors such as the kind of car you drive, where you live, the insurance laws and regulations in your state, your age, and gender, and of course, your driving record, among others. As such, you must bear in mind some of these factors.
The Average Car Insurance Cost in the United States differs primarily because of varying individual rating factors. However, the average car insurance cost is $1,502 annually, and if further broken down, the Average Car Insurance Cost Per Month is $125.16 per month.
Average Car Insurance Cost has many options, and in this article, we take a look at some of them. Average car insurance under various options, as discussed in usnews.com.
Average Car Insurance Rates for Low Coverage
Not all car insurance is expensive and, in a bid, to know the low average coverage for car insurance. Below are the low coverage prices from the top insurance companies in the United States, thereby we were able to deduce that the average car insurance rate for little coverage is $1, 249.08. USAA provides the most economical, but their services are limited to military personnel and their family members. Still, if you are not military personnel or a family member, either serving or retired, you can get a quote from GEICO, which is affordable.
| Company | Low |
| Allstate | $1,678.31 |
| American Family | $1,252.04 |
| Farmers | $1,456.07 |
| GEICO | $984.70 |
| Nationwide | $1,494.22 |
| Progressive | $1,222.50 |
| State Farm | $1,166.65 |
| Travelers | $1,144.59 |
| USAA | $842.63 |
Average Car Insurance Rates for Medium Coverage
In case you are looking for insurance that will provide you with a better, more coverage option, then you can get a quote for a medium coverage option that offers better services than the low coverage option. Comparing the average cover price of these top insurance companies in the United States, the average medium coverage option is $1,323.31. The difference between the medium coverage and the low coverage is $75. USAA still offers the most economical price, even in the medium Average Car Insurance Cost. Always, it is enjoyed by military personnel and their family members. At the same time, GEICO is the best option for non-military staff.
| Company | Low |
| Allstate | $1,777.66 |
| American Family | $1,325.99 |
| Farmers | $1,538.21 |
| GEICO | $1,063.10 |
| Nationwide | $1,529.58 |
| Progressive | $1,308.37 |
| State Farm | $1,260.12 |
| Travelers | $1,211.84 |
| USAA | $894.95 |
Average Car Insurance Rates for High Coverage
The average car insurance rate for high coverage is $1, 387.33. The high coverage will of you the most coverage option than the medium and low coverage options. Looking at the top insurance companies listed here, we can see that USAA offers the most affordable price for a high coverage option, which is enjoyed by military personnel and their family members. If you are not military personnel, then GEICO should be your choice because it is second to USAA in terms of prices.
| Company | Low |
| Allstate | $1,876.14 |
| American Family | $1,297.59 |
| Farmers | $1,627.44 |
| GEICO | $1,146.20 |
| Nationwide | $1,573.98 |
| Progressive | $1,411.31 |
| State Farm | $1,352.67 |
| Travelers | $1,254.59 |
| USAA | $946.02 |
Perhaps you are prepared to get a car quote, and you must acquire sufficient information about insurance companies and compare quotes of various companies to make the right choice on which company you will get a quote from. We have highlighted below the best insurance companies that will offer you the best coverage options for car insurance at the most affordable price, which is within the limit or a little above the Average Car Insurance Cost.
- USAA
The United States Automobile Association (USAA) is an integral company when it comes to insurance, particularly car insurance. The company offers quality insurance services at affordable prices. However, the turndown is that their assistance is limited to active military personnel or a retired veteran or honorably separated former service member of the United States military or a family member of an active or retired military staff. USAA offers the cheapest Car Insurance Quote in the United States, and it is accompanied by quality service.
- Travelers
Travelers is another insurance company that offers quality service and is one of the top insurance companies in the country. Travelers are present in other countries such as the UK, Brazil, and Canada, among others. Most of its customers rate the company for ease of filing a claim, customer service, status updates during the claim process as well as satisfaction for a claim resolution. Though it is not as cheap as GEICO or USAA, you sure will enjoy quality service for your money as numerous packages are made available for you, depending on the coverage option you have with them.
- State Farms
State Farms was established with the intent of providing car insurance to farmers. The company must have been doing well to have found itself on our list among the top car insurance companies in the United States. The company is believed to satisfy its customers in terms of ease of filing claims and satisfaction with the claim processes. However, it is not cheap and not advisable for young drivers to get a quote from State Farm. Nonetheless, if quality service is your turn up and you have the cash, don’t hesitate to get your quote with State Farm.
- GEICO
The Government Employees Insurance Corporation (GEICO) is not just one of the top insurance companies in the country to get a car quote from. Still, the company offers one of the cheapest car quotes in the country; it comes second to USAA in terms of prices. The company has comprehensive coverage as it is present in all 50 states in the U.S. the company, aside from car insurance, now offers a diverse range of insurance policies. Young drivers can get a quote from GEICO because of their coverage options. More so, existing customers of GEICO have described their services to be excellent, and the quality is fair. Customers are pleased with the process of filing claims and satisfied likewise with the claim processes and how complaints are resolved.
- Farmers
Farmers have grown from their humble beginning to become one of the top contenders in the insurance providers in the United States. The company is a large group that consists of about 46 different companies, coming together to offer various numerous quality products and services to its large customers. Aside from car insurance, farmers also offer other insurance policies as well. Regardless of your status, Farmers has a coverage option that will best suit you and is in line with your budget. Some of its coverage options include liability coverage, collision coverage, comprehensive coverage, and uninsured and underinsured motorist coverage options, among others. More so, you get to enjoy multipolicy discounts when you purchase more than one insurance policy (i.e., car and home) with them. The majority of its customers are satisfied with their customer service, ease of filing claims as well as the satisfaction of the filing processes.
- Nationwide
Nationwide is not left out of the top insurance companies that offer you quality services when you purchase car insurance from them. The provision of affordable car insurance has been the driving force of Nationwide coverage since its inception; however, the company has diversified into providing other policies. Nationwide is undoubtedly one of the top insurance companies currently in the United States, going by its numerous customers. Also, the company is one of the largest insurance companies in the world, with over $158 billion in assets and portfolios. The company’s service is enjoyed, especially the ease of filing a claim, customer service, stratus update during the claim process, and especially how complaints are resolved.
- Progressive
Talking of another large insurance company in the United States, don’t cross off Progressive from your list. The company is known for its user-friendly approach to protection and security. It is effortless to buy a quote from progressive via its website and it was the first insurance company to have their website. Progressive auto insurance is available for business vehicles, motorcycles, boats, power sports equipment, and so on. The company’s service is enjoyed by the majority of its customers and has made it known that they enjoy the ease of filing claims as well as their customer service.
- Allstate
Allstate is also among the top-ranked insurance companies in the country. It was founded primarily as a car insurance company, and it was the first car insurance company that based insurance rates on mileage covered, car usage, and the age of the car. If you own a small car, you should look into Allstate and get a quote from them. Like other insurance companies aforementioned, Allstate is also great when it comes to customer service and even in filing claims.
- American Family
Lastly, American Family comes in at the ninth number spot among the top insurance companies in the United States, where you can buy a car quote. The company is present in all 50 states in the United States and a considerable number of local agents, as well as over 3,500 repair shops. All state service is satisfactory, and the majority of its customer is ok with its auto claim servicing. Although American Family Insurance company is not your typical cheap insurance company like GEICO and USAA, you sure will enjoy quality derive for your money.
- Liberty Mutual
Liberty mutual comes in at the tenth spot and is one of the top insurance companies in the United States. The company has extended its operation outside the United States has an international presence with its offices in 17 countries. Nonetheless, car insurance is the backbone of the company’s business. You bet to enjoy discounts and loads of other benefits when younger a ca quote from Liberty Mutual.
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Conclusion on the Average Car Insurance Cost in USA
So that’s all we have for you on the Average Car Insurance Cost in the USA. It may interest you to know that car insurance is critical and a necessity that bails you out when your car is stolen or if you are involved in an accident. There are different coverage options provided by these companies which you can choose from. I believe having read the article to this place, you are aware of the Average Car Insurance Cost in the United States, it’d be easy for you to get a coverage option. The companies listed in this article are by far the best when it comes to offering car insurance quotes that come with quality services. So, don’t hesitate to get your car quote today and save yourself the stress and from the huge bill to purchase a new car or fix your damaged car.
Tag: Average Car Insurance Cost in USA 2020 – All you need to Know