Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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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: Aug 16, 2021

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Key takeaways...

  • Most state minimum requirements are well below what any reasonable driver should have
  • A car insurance search based solely on premiums
  • The best way to find the cheapest car insurance company for your particular needs is to compare auto insurance quotes from several providers

A common question asked between car owners is, “what is the cheapest auto insurance company?”

It’s a very fair question, as everyone wants to find the cheapest car insurance rates and keep vehicle expenses to a minimum. However the answer is not as cut and dry as simply taking a look into the cheapest insurers.

The reality is that no car insurance company has ever won the title of “the cheapest car insurance company” since no single auto insurance policy blankets the entirety of the driving populace.

Every driver demands a unique risk profile, so it’s impossible to offer a blanket rate for everyone.

The best way to find the cheapest car insurance company for your particular needs is to compare auto insurance quotes from several providers.

Enter your zip code above to get FREE car insurance quotes today!

Where can I start to look for the cheapest car insurance rates?

There are a number of quick ways to start your search for cheap car insurance.

You can directly visit the websites of major brands or start with an auto insurance quote comparison engine like ours which can provide a personalized list of car insurance companies who offer policy coverage in your zip code.

A car insurance search based solely on premiums will most likely not provide the full coverage you need, because sometimes the cheapest insurers don’t offer you what you’re looking for.

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What is the cheapest car insurance coverage?

States do have minimum car insurance requirements so if you secure this minimum coverage than most likely you will have some of the cheapest car insurance premiums around.

Most state minimum requirements are well below what any reasonable driver should have.

Many car insurance discounts are also available so if you want to find the best car insurance rates you need to learn about the excellent car insurance discounts in the marketplace.

The best way to find the cheapest car insurance company for your particular needs is to compare auto insurance quotes from several providers. Don’t simply settle for the first company you look at. Factor in other facets of a company, most of which we’ll go over a little further down below.

Of course, the question, “who is the cheapest car insurance company?” will always be asked, but if anybody were to claim that title, it probably would not bode well long term for the industry as a whole. Cheap is not necessarily good and having the right car insurance coverage is critical to protecting your family.

Every driver is assessed different by every company depending on a multitude of factors, including clean driving records. However while it’s quite possible your friend Harry is paying only $200 a month with State Farm, this does not mean you will pay just because you’ve never been in an accident or have never been given a ticket. Companies also look into age, gender, and location. Harry might also have some common discounts that lower his monthly premium as well. Even if a person tells you what they’re paying, your average rates might differ because of all these reasons.

Car insurance companies weight each applicants criteria using a risk model and for many reasons, and some may not be that clear, your rates could be two or three times what Harry is paying. The key to finding the cheapest car insurance company for your profile is to understand car insurance and the numerous discounts available. Does the company offer safe driver discounts? Are they taking into consideration that you’re a student, or in the military? These are questions you should be asking when you’re comparing personalized quotes from insurers.

There are quite a few different personal factors with which car insurance companies look into in order to measure to calculate your premiums. Some of these pricing factors include your previously mentioned driving record, your age, gender, type of vehicle you own, the estimated annual mileage you drive, if you have any prior claims history, your credit score, and more. In fact, you are being judged more from a car insurance company than on a first date – with the added bonus of getting a bill every month should both of you agree on a relationship.

This is common, and not something that just the major insurers look into. In fact, some of the cheapest insurers or the companies looking to get their start, will buckle down on drivers even harder. Because even though customer satisfaction is important, so is being able to run a business. And the only way they can do that is if they have customers who practice safe driving and aren’t getting into an accident every other week. Since they become responsible for you, the more dangerous your driving history, the more money you’re going to cost them.

So shop around, and find a company who is willing to work with you no matter what happens.

Where can I start to look for the cheapest car insurance rates?

There are a number of quick ways to locate car insurance companies and see what type of coverage they have available for you. First, you can directly visit websites of some of the major brands you already know, or start with a auto insurance quote comparison engine like ours, which can provide you with a long list of car insurance companies who offer policy coverage in your zip code. Your search should always be for the most reliable and affordable policy; a search based solely on premiums will most likely not provide the full coverage you need.

For example, if you have an older car, you may not need comprehensive coverage, which covers acts of nature or other damages done to your vehicle. You may simply need collision coverage, which would help out in an accident. If the thought of your paint job being ruined by tree sap doesn’t worry you too much, but the thought of paying for medical bills stresses you right out, you can probably be taking a look at the more cheaper rates, but not the absolute bottom of the barrel prices.

What is the cheapest car insurance coverage?

Keep in mind that what you’ll need in order to protect yourself, your car, and other vehicles does in fact vary depending on where you’re located. Some states do have minimum car insurance requirements so if you secure this minimum coverage, most likely you will have some of the cheapest car insurance premiums around.

Most state minimum requirements are well below what any reasonable driver should have. Play it safe, ask what comes with the incredibly cheap auto policy they’re quoting you. If it sounds too good to be true, chances are you’re not getting the dependable coverage you need.

Many car insurance discounts are also available, so if you want to find the best car insurance rates you need to learn about the excellent car insurance discounts in the marketplace. A new one that has been cropping up is a discount for automatic payments; paying monthly would have access to something like this should it be available. Discounts shouldn’t be the only thing concerning you, however. Look into the reviews, the customer service they offer, and always what a companies main priority is. It can be difficult to imagine that a company wants to focus on customer happiness rather than money, but a lot of auto insurers understand that there is a fine balance between the two.

Let us help you find the best fit, because shopping around will always help you and your wallet out of paying more for less.

Enter your zip code below to start comparing rates today.

The reality is no car insurance company has ever won the title of “the cheapest car insurance company” since no single auto insurance policy fits all.  Every driver demands a unique risk profile so its impossible to advertise or have a blanket rate for everyone. The best way to find the cheapest car insurance company for your particular needs is to compare auto insurance quotes from several providers.
Of course, the question “Who is the cheapest car insurance company” will always be asked but if anybody ever were to claim that title it probably would not bode well long term for the industry as a whole. Cheap is not necessarily good and having the right car insurance coverage is critical to protecting your family.
Every driver is assessed different by every company so while its quite possible your friend Harry is paying only $200 a month with State Farm this does not mean you will pay less since you have one less ticket than he does.
Car insurance companies weight each applicants criteria using a risk model and for many reasons (some not so clear) your rates could be 2 or 3 times what Harry is paying. The key to finding the cheapest car insurance company for your profile is to understand car insurance and the numerous discounts available.
Personalized items which car insurance companies measure to calculate your premiums  include your driving record, your age, gender, type of vehicle, estimated annual mileage, prior claims history, your credit score and more. In fact you are being judged more from a car insurance company than on a first date – with the added bonus of getting a bill every month should both of you agree on a relationship.
Where can I start to look for the Cheapest Car Insurance Rates?
There are a number of quick ways to locate car insurance companies. First, you can directly visit websites of some of the major brand you already know or start with a auto insurance quote comparison engine like ours which an provide you with a long list of car insurance companies who offer policy coverage in your zip code. Your search should always be for the most reliable and affordable policy – a search based solely on premiums will most likely not provide the fill coverage you need.
What is the cheapest car insurance coverage?
States do have minimum car insurance requirements if you just secure this minimum coverage than most likely you will have some of the cheapest car insurance premiums – however state minimum requirements are well below what any reasonable driver should have in most states.
Car Insurance Discounts
Many car insurance discounts are available so if you really want to find the best car insurance rates you need to learn about the popular car insurance discounts in the marketplace.
How to Get Started?
This is much easier. Enter your ZIP CODE anywhere you see a box within this site and we will connect you with local car insurance companies pretty quick.

References:

  1. https://www.iii.org/article/what-covered-basic-auto-insurance-policy
  2. https://www.directgeneral.com/learning-center/explaining-auto-insurance/high-risk-auto-insurance
  3. https://www.geico.com/