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Best Car Insurance Companies 2023

Byadmin

Apr 2, 2023 #car, #Companies, #insurance

Our experts answer readers’ insurance questions and write unbiased product reviews (here’s how we assess insurance products). In some cases, we receive a commission from our partners; however, our opinions are our own.

If you drive, you probably need car insurance. Nearly all states have liability insurance requirements for drivers. However, New Hampshire’s lack of insurance requirements should not be mistaken for a free pass to get on the road unprotected. Drivers have to show other forms of financial responsibility. Unsurprisingly, many New Hampshire residents still search for the best car insurance companies.

Generally, it’s a good idea to go beyond state minimums and opt for “full coverage,” which can be a mix of liability, comprehensive, and collision insurance to ensure you’ve covered your bases in a wide range of scenarios. Car insurance is a safeguard and can lessen the financial burden of an auto accident, but only if you have the proper coverage.

Best Car Insurance of 2023

Experts recommend going beyond the minimum liability coverage limits. Unfortunately, the medical and property damage costs can go far beyond state minimums in a severe accident. Depending on the state, this could leave you vulnerable to more significant financial losses. Whatever affordable car insurance companies you choose, your coverage will shape your experience after an accident.

Read on to learn more about our top picks.

Compare The Best Car Insurance Providers

Insure.com Amica Auto Insurance


JD Power Customer Satisfaction Rating

862


AM Best Financial Strength Rating

A+

Insure.com Amica Auto Insurance


JD Power Customer Satisfaction Rating

862


AM Best Financial Strength Rating

A+

compare policies and rates with Insure.com


Amica Auto Insurance

Details


JD Power Customer Satisfaction Rating

862


AM Best Financial Strength Rating

A+

Pros & Cons
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GEICO GEICO Auto Insurance


JD Power Customer Satisfaction Rating

824


AM Best Financial Strength Rating

A++

GEICO GEICO Auto Insurance


JD Power Customer Satisfaction Rating

824


AM Best Financial Strength Rating

A++

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GEICO Auto Insurance

Details


JD Power Customer Satisfaction Rating

824


AM Best Financial Strength Rating

A++

Pros & Cons
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Highlights
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Additional Reading
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USAA USAA Auto Insurance


JD Power Customer Satisfaction Rating

876


AM Best Financial Strength Rating

A++

USAA USAA Auto Insurance


JD Power Customer Satisfaction Rating

876


AM Best Financial Strength Rating

A++

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USAA Auto Insurance

Details


JD Power Customer Satisfaction Rating

876


AM Best Financial Strength Rating

A++

Pros & Cons
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State Farm State Farm Auto Insurance

State Farm Auto Insurance


JD Power Customer Satisfaction Rating

817


AM Best Financial Strength Rating

A++

State Farm State Farm Auto Insurance

State Farm Auto Insurance


JD Power Customer Satisfaction Rating

817


AM Best Financial Strength Rating

A++

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State Farm Auto Insurance

Details


JD Power Customer Satisfaction Rating

817


AM Best Financial Strength Rating

A++

Pros & Cons
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Additional Reading
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Insure.com Farmers Auto Insurance


JD Power Customer Satisfaction Rating

828


AM Best Financial Strength Rating

A

Insure.com Farmers Auto Insurance


JD Power Customer Satisfaction Rating

828


AM Best Financial Strength Rating

A

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Farmers Auto Insurance

Details


JD Power Customer Satisfaction Rating

828


AM Best Financial Strength Rating

A

Pros & Cons
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Liberty Mutual Liberty Mutual Auto Insurance

Liberty Mutual Auto Insurance


JD Power Customer Satisfaction Rating

831


AM Best Financial Strength Rating

A

Liberty Mutual Liberty Mutual Auto Insurance

Liberty Mutual Auto Insurance


JD Power Customer Satisfaction Rating

831


AM Best Financial Strength Rating

A

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Liberty Mutual Auto Insurance

Details


JD Power Customer Satisfaction Rating

831


AM Best Financial Strength Rating

A

Pros & Cons
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Highlights
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Progressive Progressive Auto Insurance

Progressive Auto Insurance


JD Power Customer Satisfaction Rating

842


AM Best Financial Strength Rating

A+

Progressive Progressive Auto Insurance

Progressive Auto Insurance


JD Power Customer Satisfaction Rating

842


AM Best Financial Strength Rating

A+

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Progressive Auto Insurance

Details


JD Power Customer Satisfaction Rating

842


AM Best Financial Strength Rating

A+

Pros & Cons
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Highlights
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Methodology: How we Chose the Best Car Insurance Companies

As part of our search for the best auto insurance, we compare numerous factors to make our assessment. These include affordability, customer satisfaction, coverage options, optional coverage, benefits for policyholders, financial strength, and accessibility. No single factor accounts for everything consumers need; not all auto insurance companies are created the same.

We compared quotes, customer reviews, financial stability, and the company’s history. With all these factors combined, we rate numerous competitors to see which companies rise to the top.

Why You Should Trust Our Recommendations

Auto insurance, in particular, is primarily run on a state and regional basis. In short, most auto insurance providers are only licensed in some states. As such, the best car insurance companies for a driver in New York may differ from the best option for similar drivers in California.

We use numerous sources to get an objective view of each provider. Our reviews are not sponsored by the companies being reviewed. Each review reflects our opinion based solely on the facts gathered. Reviews may be updated as facts change (for example, JD Power rankings are updated when new reports are released). However, requests from insurers that conflict with public-facing websites are not factored into our reviews.

Car Insurance Frequently Asked Questions

State Farm is highly ranked in many JD Power surveys and maintains the highest market share of any auto insurance company in the United States. The company is known for exclusive insurance quoted only by State Farm agents. However, it is outperformed in some areas by smaller regional carriers.

JD Power’s latest auto claims satisfaction study shows Amica Mutual earned the top spot. Amica’s Consumer Affairs ranking is also high at 4.1 out of 5 stars. In JD Power’s auto insurance study, regions were won primarily by smaller local carriers like Wawanesa in California and Erie Insurance in the mid-Atlantic. The best car insurance companies may also vary based on the coverage you want.

Many auto insurance companies offer discounts for safe driving, especially if you’re willing to install an app to track certain driving behaviors. Paying your premium in full instead of month-by-month also reduces rates.

Some states allow auto insurance companies to factor in your credit score. So being financially and otherwise responsible goes a long way. However, one of the best ways to reduce costs is by getting multiple quotes to compare quotes. The cheapest auto insurance might surprise you.

Our Winners for The Best Car Insurance

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Best for Customer Satisfaction

Best Affordable Car Insurance

Best for Accident Forgiveness


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compare policies and rates with Insure.com

Best for Customer Satisfaction

Amica Mutual

Founded in 1907 as The Automobile Mutual Insurance Company of America, Amica Mutual Insurance Company is well-regarded in auto insurance. Amica Mutual was ranked number one in JD Power’s most recent US Auto Claims Satisfaction Study, factoring in the experiences of over 8,000 participants who had filed and settled an auto insurance claim within the previous six months.

Amica car insurance also has an A+ rating from AM Best, which looks at a company’s financial stability. The more financially stable a company is, the more likely it is to be around to pay your claims when you need it. So its excellent AM Best ranking gives many consumers peace of mind.

Amica offers liability, collision, comprehensive, and other common types of auto insurance. It also provides gap coverage, which can be helpful if you get into an accident with a vehicle you’re currently financing. This covers any difference between your car’s value and your loan balance in the event of a total loss. The exact limits and terms may vary based on the plan you buy. As such, we recommend speaking with an Amica agent to ensure you understand everything you need to know.

You can also opt for roadside assistance or get its premium option, Platinum Choice® Auto. It comes with glass repair with no deductible, rental coverage, new car replacement, and more. Amica also offers a mobile app to manage all your insurance needs.

Best Affordable Car Insurance

GEICO

If you want competitive and affordable car insurance rates, look no further than GEICO. According to the company website, you could save up to $500 by switching to GEICO. Customers can confirm the pricing in minutes with online quotes. With 85 years in the industry, GEICO offers affordable premiums and can be a good fit for those with poor credit.

To keep prices low, GEICO also offers numerous discounts to drivers, including discounts for safety devices like anti-lock brakes, seat belt use, defensive driving courses, and being a good student. In addition, policies can be managed online or via GEICO’s app with 24/7 access to all policy documents.

The reviews we saw indicated GEICO’s claims team was similarly quick, with a few mentions of adjusters who took additional steps to minimize or eliminate policyholders’ out-of-pocket costs in a claim. From what we’ve gathered, rate hikes after an accident seem small compared to many other discount car insurance companies.

Best for Military

USAA

USAA offers financial products and services to the military community, including competitive auto insurance. Though USAA products aren’t available to everyone, those eligible won’t find cheaper coverage elsewhere. Drivers who switched to USAA could save an average of $725 per year, according to USAA’s website.

USAA offers standard car insurance options like liability, collision, comprehensive coverage, and uninsured and underinsured coverage. Optional coverage includes roadside assistance and rental reimbursement. USAA also sells home, pet, and life insurance, to name a few. So bundling insurance products is extremely common for military members and their families.

USAA also has plenty of discounts that only make sense for military members. For example, you could get up to a 15% discount when your vehicle is parked in a garage on base. You can also qualify for savings if you store your car or drive infrequently (which may apply to active duty military members being deployed).

Bundling home and auto insurance coverage with USAA gives policyholders a 10% discount. Setting up automatic payments for your car insurance premiums can reduce premiums by an additional 3%. If you insure two cars or more or your teen driver has good grades, you may be eligible for other discounts. USAA also has an app and offers 24/7 support online. USAA is unique in that whether you have a strong driving record or tickets and DUIs, USAA will still beat the nearest competitor’s quote.

Best for Teen Drivers

State Farm

Given the increased risk factors, car insurance for teen drivers can be costly. Teen drivers don’t have the same levels of experience behind the wheel and may engage in risky driving behaviors. In fact, car crashes are the top cause of teen deaths, according to the Centers for Disease Control and Prevention (CDC).

Experts recommend adding any licensed driver in your home as soon as you know they’ll drive your car regularly. State Farm has excellent options for teen drivers. It offers a Good Student Discount of up to 25%. Also, you could get another discount if your teen driver is under 21 and takes a qualifying driver’s ed course. There’s also a unique option to save if your teen driver has a car at home but moved away for school through the Student Away at School Discount.

The Steer Clear discount offers young drivers below 25 up to a 15% discount with no at-fault accidents or moving violations in the previous three years. In addition, if you’re willing to use State Farm’s Drive Safe & Save app, you may qualify for up to a 30% discount.

Along with its liability, collision, and comprehensive coverage, State Farm offers emergency roadside service, rideshare coverage, and other auto coverages. You can work with one of its many insurance agents nationwide to find the best coverage for you and your teen driver.

Best for Discounts

Farmers Insurance

Farmers Insurance is a full-service insurer offering home, life, business, and auto insurance with a long list of discounts compared to other insurance providers. Farmers offers up to 23 discounts when many other providers provide fewer than 12.

Policyholders paying premiums in full, senior drivers taking safe driving training, California drivers driving hybrids or electric vehicles, homeowners, good students, and young drivers are just a few groups enjoying discounts on auto insurance with Farmers. You also stand to save up to 20% by bundling plans or qualify for another discount insuring multiple vehicles.

Along with liability, collision, and comprehensive, Farmers offers umbrella policies to boost coverage on multiple plans (if you’re bundling). All plans can be managed through the Farmers app.

Best for Teachers

Liberty Mutual Insurance

Many teachers enjoy lower prices, more perks, and greater satisfaction with Liberty Mutual car insurance. The company has coverage for teachers, though some plans are unavailable in some states.

Perks include a $0 deductible on collision coverage if you get into an accident during school hours or while working (ex: a coach driving to another school for an after-school sports game). Teachers also enjoy up to $2,500 in personal property coverage if teaching items or school-owned items are damaged or stolen. In addition, Liberty Mutual automatically applies a $0 deductible when qualifying cars are vandalized on school property or when driving on school-specific business.

Through Liberty Insurance, you can get typical collision or comprehensive coverage. It also offers optional coverages like original parts replacement coverage, gap coverage, 24-hour roadside assistance coverage, rental car reimbursement coverage, and more.

Unlike competitors, Liberty Mutual also has a Liberty Mutual Deductible Fund┬«. You pay $30 toward the deductible fund each year, and Liberty Mutual drops your deductible by $100. If you file a claim, the fund can lower out-of-pocket costs. You can download the company’s app to check in with your policy or file a claim.

Best for Accident Forgiveness

Progressive

Accidents happen, and the best car insurance companies can help. But rates inevitably rise after even a minor accident. Progressive notably offers accident forgiveness to qualifying drivers. Its three types of accident forgiveness coverage include the following:

  • Small Accident Forgiveness. This option is available to new Progressive customers in most states through the Loyalty Rewards program and won’t increase your premiums if your claim is at or below $500. This said, it’s worth noting that when deciding whether to file a claim, you should always consider your deductible and how much your insurance will pay.
  • Large Accident Forgiveness. Customers in most states may qualify for this option through the Loyalty Rewards program. Drivers eligible for Large Accident Forgiveness won’t see increased rates even if claims exceed $500. You must be a Progressive customer for five consecutive years with no accident or moving violations within that time frame.
  • Progressive Accident Forgiveness. You may qualify to have one accident forgiven in a specific period, but you can buy additional accident forgiveness through this program. In a sense, you are prepaying to keep your rates consistent if you’re involved in an accident. Check if your state qualifies, as it’s not available everywhere.

You can obtain liability, collision, and comprehensive coverage through Progressive. Interestingly, Progressive specifies if your pet is injured and you have collision coverage, your policy will cover some vet expenses.

It also offers gap coverage, rental car reimbursement coverage, custom parts and equipment value, rideshare coverage, and roadside assistance. Progressive also has a Name Your Price option that allows you to state your desired price, and the website will show what’s available. You can also use their mobile app or contact Progressive agents for support.

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