5 Best options for Cheapest Auto Insurance in the USA

Just like any other insurance, auto insurance is also becoming necessary due to high damages and to fulfil requirements of the law. The states made it mandatory for everyone under the insurance regulations to have some kind of auto insurance. However, that doesn’t mean to spend a fortune on the annual premium of your auto insurance policy. The two main factors of any insurance policy are the coverage and cost of the premium. One should always be focused on finding a balance between both which in turn ensure the peace of mind. The insurance policy should fulfil the basic coverage such as property repairs, vehicle repair and medical cost. Additionally, it should perfectly fit your personal budget. Here, in this article, we are highlighting the 5 best options for Cheapest Auto Insurance in the USA

The Top 5 Cheapest Auto Insurance Provides in the USA

1. USAA

The company is providing the cheapest auto insurance with a low limit of $895 in various states, ranging age group from 25 years to 60 years old person.

2. Geico

The company is providing the cheapest auto insurance with a low limit of $1,063. However, the low limit is higher for the person who has the past accidental record on it.

3. Travelers

The company is providing the cheapest auto insurance with a low limit of $1,212.

4. State Farm

The company is providing the cheapest auto insurance with a low limit of $1,260.

Progressive’s

The company is providing the cheapest auto insurance with a low limit of $1,308. Although, it remains competitive throughout the profile.

All the above rates from the top 5 auto insurance companies are for the Good drivers which no bad past record. While the rates for the drivers with speeding ticket, accident, DUI, Bad credit on their profile are totally different and found to be significantly increased.

Drivers with Speeding Ticket on their profile

S.No Auto Insurance Company
Provider
Rates ($)
1. USAA $1,027.98
2. Geico $1,356.17
3. State Farm $1,408.71
4. American Family $1,548.21
5. Travelers $1,672.66

Drivers with an Accident on their profile

S.No Auto Insurance Company
Provider
Rates ($)
1. USAA $1,216.68
2. State Farm $1,501.96
3. Geico $1,691.06
4. Travelers $1,739.23
5. American Family $2,018.34

Drivers with a DUI on their profile

S.No Auto Insurance Company
Provider
Rates ($)
1. State Farm $1,692.09
2. USAA $1,710.92
3. Progressive $1,757.01
4. American Family $2,206.08
5. Farmers $2,435.42

Drivers with Bad Credit Ratings

S.No Auto Insurance Company
Provider
Rates ($)
1. USAA $1,825.94
2. Geico $1,853.45
3. Travelers $2,031.66
4. Nationwide $2,090.27
5. American Family $2,226.30

Conclusion

Hence, it can be concluded that the cheapest option for auto insurance is provided by the USAA for the good drivers. Additionally, it remained on the top even when the drivers have a bad credit rating, an accident or speeding ticket on their profile. While the auto insurance company are one place up or down under the different scenarios. It is advisable to read all the documents related to the auto insurance policy before purchasing it.   

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