Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Oct 24, 2021

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Key Takeaways

  • All of the top car insurance companies accept MasterCard
  • You can be charged a convenience fee for paying your car insurance with a MasterCard
  • Using your credit card to pay bills can lower your credit score which increases your car insurance rates

Most car insurance companies offer drivers multiple ways to pay. In fact, car insurance companies that accept MasterCard include all of the top insurers.

Can I pay for car insurance with a credit card?

Although paying your car insurance with your credit card is very convenient, you could be charged fees and your rates could actually increase.

Shop around to find affordable car insurance companies that accept MasterCard. Compare rates from multiple companies to find the coverage you need with the lowest rates.

Enter your ZIP code now to compare free quotes from car insurance companies that accept MasterCard in your area.

What car insurance companies accept MasterCard?

It’s easy to find which insurance companies accept MasterCard because all of the top car insurance companies take MasterCard.

This table shows the average rates from car insurance companies that accept MasterCard. Take a look to get a general idea of what each type of coverage will cost from the top insurers.

Average Annual Auto Insurance Rates Based on Coverage Type
CompanyAverage Annual Rate for Low CoverageAverage Annual Rate for Medium CoverageAverage Annual Rate for High Coverage
Allstate$4,628.03$4,896.81$5,139.02
American Family$3,368.49$3,544.37$3,416.40
Farmers$3,922.47$4,166.22$4,494.13
GEICO$3,001.91$3,213.97$3,429.14
Liberty Mutual$5,805.75$6,058.57$6,356.04
Nationwide$3,394.83$3,449.80$3,505.37
Progressive$3,737.13$4,018.46$4,350.96
State Farm$3,055.40$3,269.80$3,454.80
Travelers$4,223.63$4,462.02$4,619.07
USAA$2,404.11$2,539.87$2,667.92
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With most car insurance companies, you can use your MasterCard online or through the company’s app to make your payment. You can also call customer service to make your payment.

Drivers should check to see if their company charges an extra fee for using a credit card to pay. If it does, consider making your payment another way, such as with a check or money order.

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What are the pros and cons of paying your car insurance with your MasterCard?

While you may be used to paying for everything on your credit card, there are some pros and cons to be aware of before you pay your car insurance bill.

Some reasons you might want to use your MasterCard to pay your car insurance are:

  • It’s very convenient to use your credit card.
  • You can earn rewards from your credit card company for usage.
  • Some car insurance companies offer a discount for paying your bill in full or setting up automatic payments.
  • If you can’t afford to pay for your car insurance, using your MasterCard will let you pay over time.

Your MasterCard may save you money on your car insurance if it has rental car coverage. This will let you avoid adding rental coverage to your car insurance or buying expensive coverage when you rent a car.

Cons of using your MasterCard to pay for car insurance include:

  • You will have to pay interest if you don’t pay off your credit card each month.
  • You may be charged a fee by your car insurance company for using your credit card.
  • Your debt will increase if you don’t pay off your credit card each month.
  • If your debt increases, your credit score can do down.

Are my car insurance rates based on credit score? You may not be aware that your credit score can affect your car insurance rates. Most states allow car insurance companies to look at your credit score to calculate rates.

According to the Insurance Information Institute, car insurance companies believe that drivers with a low credit score are more likely to file accident claims since they most likely can’t pay for damages themselves.

Even though using your credit card has advantages, it can cost you money in the long run if you aren’t on top of your credit situation.

Car Insurance Companies that Accept MasterCard: The Bottom Line

It’s hard to find car insurance companies that don’t accept MasterCard, and all of the top insurance companies let drivers pay with their MasterCard.

However, be aware that using your credit card to pay bills can actually cost you money in the long run with fees, interest, and a lower credit score.

Before you buy car insurance with your MasterCard, shop around to find the best rates for you.

Enter your ZIP code now to compare quotes from auto insurance companies that accept MasterCard for free today.