Best Auto Insurance of 2024 – Car insurance is something that you will need. If you cause damage to a third-party car in an accident or your car gets damaged, your mind will be at peace. You will be thrilled you chose a company with the right coverage for you. Depending on the coverage you choose, the policy can also pay for legal fees, medical bills, funeral expenses, and many more.
This is why choosing the right auto insurance company is more than just getting a cheap premium. Knowing that you have the best insurance provider to support you when needed gives you peace of mind. We have reviewed various car insurance companies, analyzing their performances in claim handling, customer service, complaints, and customer loyalty. Ensure that you will get detailed insights to help you make the right decision. Read to the very end and choose the best auto insurance company in 2024 to keep your vehicle insured.
10 Best Auto Insurance Companies in 2024
The best car insurance provider offers coverage options, rates, and digital tools that fit your needs and budget. In this section, we have the Best Auto Insurance of 2024. Below are details about each company to help you decide which one fits your individual needs.
USAA
Based on our research, USAA is the number one insurance company in the United States. Unfortunately, it is not available to the general public. It is only available to members of the military community. Aside from that, it is available in all fifty states in the United States, including Washington, D.C..
According to the policyholder survey, this company is rated No. 1 for customer service. Since it is only available to members of the military community, you should look into what other insurers have to offer you.
Travelers
Travelers stand out as a choice in our 2024 rankings thanks to their exceptional overall performance among the insurers we evaluated. With a focus on customer-centric features and policies, this auto insurance company is a dependable option for drivers seeking comprehensive insurance coverage.
They offer all the standard auto insurance options, along with additional perks like new car replacement coverage and gap insurance. It is particularly beneficial for those with newer vehicles. Plus, Travelers provides various discounts to help drivers save on their premiums.
Geico
Geico is the go-to car insurance provider for budget-friendly coverage, providing the most affordable premiums for both basic and comprehensive policies. With a total of 16 discounts available, this auto insurer offers reduced rates for several factors. Such as safe driving habits, completing defensive driving courses, and insuring multiple vehicles. Additionally, Geico offers a diverse range of insurance products beyond car insurance. This includes options for homeowners and renters, making it convenient to bundle policies and save on overall coverage costs.
Liberty Mutual
Liberty Mutual provides one of the most affordable car insurances, according to our research. They offer various discounts to further reduce costs. This includes those for safe driving, having multiple policies with them, owning a home, being in the military, excelling as a student, and purchasing coverage online.
Additionally, Liberty Mutual offers RightTrack, a program that promises savings of up to 30% through usage-based insurance. While they ranked 11th in customer satisfaction according to J.D. Power, it’s worth noting that they have received more complaints than average, as reported by the NAIC.
Nationwide
Nationwide provides affordable car insurance rates for various driving records and ages. This makes it a strong choice for many. Their range of optional coverage adds extra value, and they have a reputation for handling complaints well. If you’re looking for auto insurance, consider giving Nationwide a look.
State Farm
In our assessment, State Farm emerges as one of the best car insurance choices nationwide. They offer drivers special coverage options, such as rideshare and travel expense insurance. With its reputation for affordable rates and excellent customer service, State Farm stands out among insurance providers.
Progressive
In the 1990s, Progressive broke new ground by offering insurance quotes and sales online, leading the way for others. Today, they continue to innovate with tools like Name Your Price, helping you find the best coverage for your budget. Additionally, Progressive introduced usage-based insurance (UBI) through its Snapshot program. By signing up, drivers can earn discounts, averaging $94 initially and $231 after six months of monitoring. Unlike other UBI programs, Progressive’s ends after six months, meaning once you earn your discount, your driving habits are no longer monitored.
Erie Insurance
Erie auto insurance stands out for drivers in the states where it operates. With unique features like Erie Rate Lock and first-accident forgiveness, the company offers peace of mind and protection. Despite being a mid-sized insurer, Erie has a stellar reputation for customer service.
In 2022, Erie Insurance held a 1.3% market share, writing nearly $3.6 billion in premiums. Erie provides all standard auto coverage types, including liability, collision, comprehensive, medical payments, personal injury protection, and uninsured or underinsured motorist coverage.
American Family
American Family stood out among its peers for having fewer customer complaints to state regulators about auto insurance. It earned the lowest complaint rate among the insurers on our 2024 Best Companies list. The company proudly displays positive customer reviews from Facebook on its main website. Additionally, it actively invites customers to share their concerns and feedback through various support channels, such as phone, email, and site feedback.
Auto-Owners Insurance
Auto owners offer budget-friendly minimum coverage with an average yearly premium of only $325. It’s a top choice for young adults and seniors, according to CNBC Select. However, coverage is limited to 26 states. Auto owners show robust financial strength and the capability to settle insurance claims.
Which is the best?
Each company brings its own strengths to the table. While some excel in affordability, others shine in customer service or coverage options. Ultimately, the best choice for you depends on your individual needs, budget, and preferences. Whether you prioritize low premiums, comprehensive coverage, or exceptional customer support, there’s a provider out there to suit your specific requirements. By carefully considering factors such as coverage options, pricing, and customer satisfaction, you can make an informed decision and find the auto insurance that best fits your unique circumstances.