Additional car insurance increases are anticipated this fall from many insurers, emphasizing the importance of comparing car insurance quotes to find reasonable rates.

According to Forbes Advisor’s analysis, the cheapest car insurance companies of November 2023 are:

1. USAA
2. Auto-Owners
3. Westfield
4. Geico
5. Travelers

Cheapest car insurance by category Company Average monthly cost
For good drivers Auto-Owners $136
After a speeding ticket Westfield $167
After an accident causing an accident Auto-Owners $179
After a DUI Progressive $231
If you have bad credit Geico $202
For Seniors Auto-Owners $156
For teens & young drivers Erie $113
In some instances USAA was the cheapest, but the next-cheapest company is listed because USAA is only available to veterans, military members and their families.

Cheapest Car Insurance Companies of 2023

Company Forbes Advisor rating for cheap car insurance Average annual cost for good drivers Average monthly cost for good drivers LEARN MORE
USAA* USAA 5.0 5 $1,412 $118 10% Get Quotes Compare rates via EverQuote’s website
Auto-Owners Auto-Owners 4.5 4.5 $1,628 $136 14% Get Quotes Compare rates via EverQuote’s website
Westfield Westfield 4.5 4.5 $1,759 $147 Very low Get Quotes Compare rates via EverQuote’s website
Geico Geico 4.0 4 $1,716 $143 20% Get Quotes Compare rates via EverQuote’s website
Travelers Travelers 4.0 4 $1,852 $154 3% Get Quotes Compare rates via EverQuote’s website

*USAA auto insurance is available only to the military, veterans and their families.

Cheapest Car Insurance Rates

How much you pay for car insurance will depend on a number of factors, including your age, claims history and driving record. The company that offers the cheapest car insurance for you can vary depending on the class of driver you fall into.

The Cheapest Car Insurance for Good Drivers: Auto-Owners

Auto-Owners comes in as the cheapest company for good drivers that is available to the general public. USAA auto insurance is a bit cheaper but is available only to those with a military connection.

Company Average cost per year for good drivers Average cost per month for good drivers Total savings per year compared to average
USAA* $1,412 $118 $655 cheaper
Auto-Owners $1,628 $136 $439 cheaper
Geico $1,716 $143 $351 cheaper
Westfield $1,759 $147 $308 cheaper
Travelers $1,852 $154 $215 cheaper
Average $2,067 $172
Average rates are based on good drivers with a clean driving record, meaning no at-fault accidents or traffic violations.
*USAA is available only to the military, veterans and their families.

The Cheapest Car Insurance After a Speeding Ticket: Westfield

A speeding ticket will mean an insurance increase of about 21%, based on nationwide averages. Our analysis found the cheapest car insurance from Westfield, Geico and Auto-Owners, with USAA a top choice for people who qualify for USAA auto insurance.

Company Average cost per year for drivers with a speeding ticket Average cost per month for drivers with a speeding ticket Total savings per year compared to average
USAA* $1,709 $142 $793 cheaper
Westfield $2,001 $167 $500 cheaper
Geico $2,098 $175 $404 cheaper
Auto-Owners $2,250 $187 $252 cheaper
State Farm $2,311 $193 $190 cheaper
Average $2,502 $208
*USAA is available only to the military, veterans and their families.

The Cheapest Car Insurance After an Accident Causing Injury: Auto-Owners

USAA offers good rates to military members and veterans. For other drivers, Auto-Owners and Westfield had the cheapest car insurance in our analysis. Westfield is a regional insurer that serves 10 states in the Midwest.

Expect your car insurance rates to go up at renewal time if you have caused an accident, especially one that injured someone else. Nationally, the average rate goes up 40%, which translates to paying about $830 more per year compared to a driver with a clean record.

Company Average cost per year after an accident with injuries Average cost per month after an accident with injuries Total savings per year compared to average
USAA* $2,093 $174 $804 cheaper
Auto-Owners $2,145 $179 $752 cheaper
Westfield $2,458 $205 $439 cheaper
Geico $2,487 $207 $410 cheaper
State Farm $2,554 $213 $343 cheaper
Average $2,897 $241
*USAA is available only to the military, veterans and their families.

The Cheapest Car Insurance After a DUI: Progressive

Among the likely consequences after a DUI conviction is a higher auto insurance bill. Car insurance companies usually pull motor vehicle records before your policy renewal time to check for tickets and convictions, and then apply increases based on your record.

A DUI conviction leads to an average increase of 72% which translates into nearly $1,400 a year. Progressive and American Family had the cheapest rates in our analysis, with USAA a possible good option for military members and veterans who qualify.

Company Average cost per year for a driver with one DUI Average cost per month for a driver with one DUI Total savings per year compared to average
USAA* $2,751 $229 $703 cheaper
Progressive $2,776 $231 $678 cheaper
American Family $2,983 $249 $471 cheaper
State Farm $3,235 $270 $219 cheaper
Auto-Owners $3,363 $280 $92 cheaper
Average $3,454 $288
*USAA is available only to the military, veterans and their families.

The Cheapest Car Insurance for People With Bad Credit: Geico

Having poor credit can be one of the biggest hurdles to getting cheap car insurance quotes—even if you have an excellent driving record. Poor credit can cause higher auto insurance rates than having a DUI or at-fault accident on your record.

Average auto insurance costs go up 79% for drivers with poor credit compared to those with good credit. That comes out to over $1,500 more per year, on average.

With potentially exorbitant rates, it’s vital to shop around. Geico and Nationwide had relatively cheap car insurance for drivers with bad credit among the companies we analyzed. USAA is a good bet for military members and veterans.

Company Average cost per year for drivers with poor credit Average cost per month for drivers with poor credit Total savings per year compared to average
Geico $2,426 $202 $1,203 cheaper
USAA* $2,594 $216 $1,035 cheaper
Nationwide $2,771 $231 $858 cheaper
Westfield $2,964 $247 $665 cheaper
Safe Auto $3,345 $279 $284 cheaper
Average $3,629 $302
*USAA is available only to the military, veterans and their families.

The Cheapest Car Insurance for Seniors: Auto-Owners

USAA has the cheapest car insurance for senior drivers ages 70 and 80, according to our analysis. Auto-Owners is the cheapest for senior drivers without a military affiliation, which USAA requires. However, the best car insurance for seniors will vary based on where you live and your personal details, such as your driving record.

Our analysis found that senior drivers experience, on average, a 10% increase in their car insurance costs from age 60 to 70. By age 80, your rates may have increased 23% above the rate you were paying at age 70 and 34% more than your car insurance cost at age 60.

Company Average cost per year for senior drivers Average cost per month for senior drivers Total savings per year compared to average
USAA* $1,674 $139 $745 cheaper
Auto-Owners $1,870 $156 $548 cheaper
Geico $2,057 $171 $361 cheaper
Westfield $2,076 $173 $342 cheaper
State Farm $2,085 $174 $333 cheaper
Average $2,418 $202
*USAA is available only to the military, veterans and their families.

The Cheapest Car Insurance for Teens & Young Drivers: Erie

It’s hard to find cheap car insurance for teens because young new drivers pose a large risk to insurers. We found that adding a teenage driver to a parent’s policy will result in an average increase of $1,951 a year.

This amount typically doubles the parent’s auto insurance bill. But it is still usually less expensive to add a young driver to a parent policy rather than for the teen driver to get their own.

Company Average cost per year to add a teen driver to a parent’s policy Average cost per month to add a teen driver to a parent’s policy Total savings per year compared to average
USAA* $1,293 $108 $658 cheaper
Erie $1,357 $113 $594 cheaper
Geico $1,495 $125 $456 cheaper
American Family $1,556 $130 $395 cheaper
Nationwide $1,607 $134 $344 cheaper
Average $1,951 $163
*USAA is only available to military members, veterans and their families.

States With the Cheapest Car Insurance

Idaho is the cheapest state for good drivers with a cost of $1,021 per year. Vermont, Ohio, Maine and Iowa round out the top five cheapest states for good drivers.

State Average annual cost for full coverage car insurance
Alabama $1,809
Alaska $2,323
Arizona $1,696
Arkansas $2,061
California $2,462
Colorado $2,489
Connecticut $1,730
Delaware $2,462
Florida $4,326
Georgia $2,181
Hawaii $1,633
Idaho $1,021
Illinois $2,345
Indiana $1,454
Iowa $1,238
Kansas $1,693
Kentucky $1,979
Louisiana $3,629
Maine $1,216
Maryland $3,349
Massachusetts $2,333
Michigan $2,995
Minnesota $2,360
Mississippi $1,704
Missouri $2,323
Montana $1,770
Nebraska $1,538
Nevada $3,342
New Hampshire $1,411
New Jersey $2,240
New Mexico $2,104
New York $4,769
North Carolina $1,307
North Dakota $1,319
Ohio $1,112
Oklahoma $2,291
Oregon $1,459
Pennsylvania $3,600
Rhode Island $2,715
South Carolina $2,387
South Dakota $1,821
Tennessee $1,720
Texas $2,938
Utah $1,955
Vermont $1,037
Virginia $1,486
Washington $1,829
West Virginia $1,688
Wisconsin $1,905
Wyoming $1,341
Source: Quadrant Information Services. Rates are based on liability coverage of 100/300/100 ($100,000 in bodily injury liability per person, $300,000 per accident, and $100,000 in property damage liability) uninsured motorist coverage and collision and comprehensive insurance with $500 deductible. 

Cheapest Car Insurance by Age

Which company is the cheapest for car insurance varies by the driver’s age.

Travelers is the cheapest car insurance for drivers age 18, 25, 35 and 75, based on our analysis of auto insurance rates by age. Erie is the cheapest for drivers age 45, while Nationwide is the cheapest car insurance company for those age 55, 65 and 85.

Age Company Average annual rates
18 Travelers $2,093
25 Travelers $1,116
35 Travelers $1,047
45 Erie $992
55 Nationwide $925
65 Nationwide $933
75 Travelers $1,071
85 Nationwide $1,237

How to Find Cheap Car Insurance Coverage

The easiest and best way to find the cheapest car insurance coverage is to shop around. Determine your coverage needs and then comparison shop for those exact coverages, limits and deductibles so you’ll find prices for comparable policies.

It’s no good to find a cheap auto insurance policy only to realize the price is low because it contains minimum coverage levels or high deductibles.

Cutting coverage is one way to get cheaper auto insurance, but it can leave you open to repair bills and lawsuits against you. Instead, try these tips for getting cheap car insurance.

Get Quotes From Multiple Car Insurance Companies

Comparison shopping is the best way to potentially save hundreds of dollars a year, and a Forbes Advisor survey finds that drivers who have compared car insurance quotes understand that.

Even if your driving record isn’t great, such as having an accident or moving violation, you can evaluate companies to identify the cheapest car insurance options. Because of the wide variation in pricing, the company that offered you a good rate for a clean record may not have the cheapest auto insurance when your driving record changes.

Review Your Auto Insurance Coverage

It’s good to review your policy regularly to make sure your current coverage, limits and deductibles still are best for your current situation.

Do you have optional coverages on your vehicle you don’t use or want, such as roadside assistance or rental reimbursement insurance? If so, take them off to get cheaper car insurance.

Related: Calculate Auto Insurance

Reconsider Your Deductible

Your deductible is what’s subtracted from a settlement check if you make a collision or comprehensive insurance claim. If you can afford a higher deductible in the event of a claim, raise it so your collision and comprehensive coverages are cheaper. For example, if you have a $250 deductible, you can raise it to $500 or $1,000 and save.

Review Car Insurance Discounts Periodically

Taking advantage of all the auto insurance discounts available to you is a great way to maximize savings. Every dollar off helps your car insurance costs shrink.

Many auto insurance discounts are automatically applied to your policy. This happens when you fill out an online car insurance quote form or when you get a quote on the phone from an insurance agent. But there are some discounts you may need to ask about.

For example, if you have started working from home or recently retired and drive fewer miles, you may qualify for a low-mileage discount. Or if you recently turned age 55, you may be eligible to take a defensive driving course and earn a discount.

Your insurance agent may have suggestions about discounts you can earn by making changes. For instance, perhaps you can grab a discount for going paperless or renewing your policy a week or more in advance. Your agent may also have other tips to lower car insurance costs beyond discounts.

Look for a Good Bundling Discount

When you buy your car insurance and another type of insurance from the same company, you can usually get a bundling discount.

When you bundle auto and home insurance, you typically net decent savings. The average bundling discount is 14%, among the top companies evaluated by Forbes Advisor. If you don’t own a home, you can bundle car insurance with condo or renters insurance.

Change the Way You Pay for Car Insurance

Paying your car insurance policy in full upfront will get you a discount. If you can’t pay in full, you may still be able to grab a discount by using electronic payment transfers to pay your monthly bill. Ask your company about payment-related discounts to see which works best for you.

If you discover your insurer doesn’t offer many discounts, or the ones available aren’t a good match for your driver profile, maybe it’s time to shop around. You may find better discounts and cheaper car insurance by switching car insurance companies.

The Cheapest Car Insurance Companies in More Detail

USAA

Why we picked it: USAA earned the top score (5 stars) due to having the cheapest car insurance costs for most driver profiles, including good drivers and those with spotty driving records. USAA’s average cost for good drivers is $1,412 a year, which comes to $118 a month. USAA’s complaint level is only average.

It’s worth checking out USAA if you are eligible. You must be a military member, veteran or military family member to qualify for USAA auto insurance. 

Pros Cons
  • Cheapest auto insurance for good drivers, according to our analysis.
  • Offers very affordable rates for drivers with a speeding ticket, accident or DUI on their records.
  • Good prices for drivers with poor credit compared to many competitors.
  • Offers reasonable rates for seniors and young drivers, two age groups that can be expensive to insure.
  • Not everyone is eligible for USAA auto insurance: Only veterans, active military members and their immediate families.
  • USAA’s complaint level is average, while many competitors have a lower level of complaints made to state insurance departments.
  • Collision repair experts surveyed by the CRASH Network gave USAA only a C grade for collision claims.

Discounts Available

USAA offers a wide variety of discounts, including:

  • Annual mileage discount: You may qualify for a discount based on the number of miles you drive per year.  
  • Bundling discount: Bundling your USAA auto and home policies can save you up to 10%.
  • Defensive driver discount: This is a discount for taking an approved course to improve your driving skills.
  • Driver training discount: Are you younger than age 21? Drivers under 21 can take a basic driving course and save money on their USAA auto insurance policies. 
  • Family discount: If your parents have USAA insurance, you can save on your premium. 
  • Good student discount: Ask about this discount if your high school or college-age child maintains good grades.
  • Length of membership savings: Look for this discount if you maintain coverage with USAA for several years. 
  • Military installation discount: You could save up to 15% on comprehensive coverage when you garage your car on your base.
  • Multi-vehicle discount: Look for this price break if you have two or more vehicles on a policy.
  • New vehicle discount: For cars that are 3 years old or newer, you can qualify for this discount. 
  • Safe driver discount: Having a good driving record for the past five years can earn you a discount.
  • Vehicle storage discount: You can save up to 60% on your auto insurance when you store your vehicle. This is especially useful for military members on deployment.

Auto-Owners

Why we picked it: Auto-Owners received 4.5 stars in part because of its especially cheap car insurance rates for drivers who have caused an accident that resulted in property damage or an injury to someone else. It also has cheap car insurance rates for many other types of drivers. The average cost for good drivers with Auto-Owners is $1,628 a year or $136 a month.