One thing you care most when it comes to insurance: how much does it cost? The main insurance providers nationwide are Allstate, Farmers, Geico, Liberty Mutual, Progressive and State Farm, and USAA. These 7 companies make up more than 65% of the US auto insurance market. There are some insurance companies in the market as well, which can provide competitive car insurance policies to their customers.

Which one is the cheapest?

Down below are annual car insurance rates for these 7 big insurance companies in the US, among all states:

CompanyAnnual Average Rates
Geico$1,198
State Farm$1,511
Progressive$1,766
Liberty Mutual$1,778
Allstate$1,834
Farmers$1,865
USAA*$1,023

*USAA is the cheapest, however, not everyone can purchase it. Because USAA insurance policies are available for active military members, veterans and their families.

Big insurance companies have their own advantages. However, regional and small insurer may bring you more benefits sometimes. You have to find the most suitable one. Here are annual average rates from smaller car insurance companies:

CompanyAnnual Average Rates
Grange$605
Erie$835
Secura$872
Cincinnati Insurance$968
Country Financial$1,136

Different states have different policies. You have to do homework online before choosing the insurance company. Insurance premium is important, but it doesn’t mean everything. You also need to compare the coverage and services that an insurance company provide, then choose the most suitable one for you.

One thought on “The Cheapest Car Insurance for 2020”

  1. I need the number for National General Car Insurance for the lender. I need the telephone number, that is all.

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