By analyzing significant factors that will influence your customer experience, we have eliminated the guesswork associated with locating the best auto insurance providers.
We looked at the average rates they offered for a wide range of drivers, the coverage options they offered, the number of complaints they received, the grades they received for collision claims from auto body repair professionals, and how easy their websites were to understand.
According to Forbes Advisor, this article will review the best auto insurance companies in the USA.
The significant economic magazine spoke about the best insurance companies for November 2022, based on several critical economic criteria.
We will review three companies:
01- Geico
Why We Picked It
Geico has very competitive car insurance rates for many types of drivers, which makes it worth a look if you want cheap auto insurance. Its low level of auto insurance complaints are another reason to consider Geico.
Forbes Advisor: 5 Stars
The average annual rate for good drivers is $1,182
The average annual rate for drivers with a speeding ticket is $1,579
Complaint level: Low
Pros & Cons
- Pros
-Great auto insurance rates for good drivers and also folks who have a speeding ticket, poor credit or were caught driving without insurance.
-Also offers great rates for seniors and young drivers, who can be very expensive to insure.
-Offers accident forgiveness.
-Offers a usage-based insurance program (DriveEasy) for good drivers who want to reduce their auto insurance rates based on driving habits.
-Low level of complaints made to state insurance departments about Geico’s auto insurance.
- Cons
-High average rates for drivers with a DUI.
-Geico’s rates for adding a teen driver are only so-so.
-You’ll have to look elsewhere if you want coverage features such as new car replacement, a vanishing deductible or rideshare insurance.
-Geico’s average discount for bundling auto and home insurance is rather low at 8%.
02- Nationwide
Why We Picked It
Nationwide offers decent car insurance rates for some types of drivers and many helpful add-on coverages. The level of complaints against it for auto insurance is very low, making it a company to check out if you’re shopping for auto insurance. Notably, Nationwide offers both a usage-based insurance program and a pay-per-mile option for drivers who want to potentially lower their rates based on actual driving.
Forbes Advisor: 5 Stars
The average annual rate for good drivers is $1,540
The average annual rate for drivers with speeding tickets is $1,970
Complaint level: Very Low
Pros & Cons:
- Pros
-Terrific car insurance rates when adding a teen driver to a policy, which is typically very expensive for parents.
-Relatively affordable premiums for drivers with poor credit.
-Offers accident forgiveness, new car replacement and vanishing deductible options to add to your policy.
-Offers usage-based insurance program (SmartRide) for good drivers who want to lower their car insurance rates based on driving habits.
-Also offers a pay-per-mile insurance program (SmartMiles) for low-mileage drivers who want to save.
- Cons
-High auto insurance rates for drivers who cause an accident with injuries.
-High car insurance premiums for drivers with a DUI.
-Rideshare insurance coverage is not offered.
02- Travelers
Why We Picked It
Travelers has decent rates overall for many types of drivers. The company also has many optional offerings that can give you better insurance protection, making it a good choice to look at when comparison shopping.
Forbes Advisor: 5 Stars
The average annual rate for good drivers is $1,435
The average annual rate for drivers with speeding tickets is $1,828
Complaint level: Very Low
Pros & Cons:
- Pros
-Great price for loan/lease gap insurance at around $39 per year.
-Good average auto rates for drivers with a DUI on their records compared to top competitors.
-Offers accident forgiveness and also minor violation forgiveness.
-Offers a usage-based insurance program (IntelliDrive), which may get safe drivers a good-sized discount.
-Has a very low level of complaints made about it to state insurance departments.
- Cons
-Rates are on the high side for adding a teen driver to your policy.
-Offers rideshare insurance, but only in a couple of states.
-Travelers’ bundling discount for buying both auto and home insurance is on the low end at only 10%.
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