USAA’s average rates are the best rates among the top five auto insurance companies. The provider’s average cost is an impressive 39% cheaper than the national average for comprehensive auto insurance.
Continue reading: USAA Insurance Review
#6 Liberty Mutual: Good programs for young drivers
BBB rating: A+
AM Best Financial Strength Rating: A
JD Power 2022 satisfaction score: 870 out of 1,000
Headquarters: Boston, Massachusetts
Liberty Mutual is the sixth largest auto insurance provider in the United States. It offers auto insurance discounts like Good Student, Student away at School, and Multi-Car that families with young drivers can take advantage of. In addition, Liberty Mutual’s RightTrack® telematics program rewards drivers with additional discounts of up to 30% for good driving behavior.
You must contact Liberty Mutual for a quote based on your driving profile and insurance needs. Our team could not determine a nationwide average for minimum and fully comprehensive insurance with this provider.
Continue reading: Liberty Mutual Insurance Review
#7 Farmer Insurance
BBB rating: A
AM Best Financial Strength Rating: A
JD Power 2022 Claims Satisfaction Score: 882 out of 1,000
Headquarters: Woodland Hills, California
As the seventh largest auto insurer in the country, Farmers Insurance offers unique optional plans such as custom equipment coverage, loss of use coverage, ridesharing insurance, and personal umbrella insurance. In addition, Farmers has an app called Signal® that can either decrease or increase your insurance premiums based on driving behavior.
The national average for minimum Farmers coverage auto insurance is $881 per year, while comprehensive insurance costs $2,140 per year. Both Farmers Insurance averages are well above the typical rates for comparable auto insurance policies.
Continue reading: Farmers Insurance Review
#8 Nationwide
BBB rating: A+
AM Best financial strength rating: A+
JD Power 2022 satisfaction score: 868 out of 1,000
Headquarters: Columbus, Ohio
Nationwide is the 8th largest auto insurance company and offers policyholders all standard auto insurance options. It also offers discounts if you have multiple policies, are accident free, and are either a good student or a safe driver. It also has usage-based and pay-per-mile insurance programs known as SmartRide® and SmartMiles®, respectively.
The average cost of minimum coverage car insurance at Nationwide is $613 per year, while full coverage costs $1,281 per year. These average values are cheaper than the national rates for both minimum and comprehensive insurance.
Continue reading: Nationwide Insurance Audit
#9 American family insurance
BBB rating: A
AM Best Financial Strength Rating: A
JD Power 2022 Claims Satisfaction Score: 874 out of 1,000
Headquarters: Madison, Wisconsin
American Family Insurance is the ninth largest auto insurance provider in the US and offers a wide range of discounts such as Young Volunteer, Generational, Low Mileage, Early Bird, and Multi-Vehicle. It also offers some non-traditional insurance plans like rental car refund, gap insurance, and accidental death and personal injury insurance.
The average premium for American Family Insurance minimum coverage is $685 per year, while the average premium for full coverage is $1,537 per year. The typical rate for American Family comprehensive insurance is well below the national average.
Continue reading: American Family Insurance Review
#10 Travelers: Most coverage options
BBB rating: A
AM Best financial strength rating: A++
JD Power 2022 Claims Satisfaction Score: 854 out of 1,000
Headquarters: New York City
As the 10th largest auto insurance provider, Travelers earned our team’s award for having the most coverage options. It offers additional coverages such as credit/lease gap insurance, accident forgiveness and named non-owner coverage. Like many other well-known insurers, Travelers also offers drivers a telematics savings program – theirs is called IntelliDrive®.
The average cost of Travelers minimum coverage insurance is $730 per year and the typical Travelers Collision Damage Waiver is $1,669 per year. While Travelers’ minimum coverage is higher than the national average, comprehensive insurance is slightly cheaper.
Read Next: Travel Insurance Review
