Every year, the number of cars that ply the many roads in the US is on the rise. In 2014 alone, statistics puts the number of vehicles that were on the road at over 260million! You can only imagine how many there are today. With the rising cars and other forms of vehicles on the road, comes an increase in the chances of accidents. The National Safety Council estimates 38,300 people were killed and 4.4 million injured on U.S. roads in 2015 which was the largest in 50 years. So you see the need for auto insurance.
Auto insurance or car insurance in America, has become as important as owning a car itself. An auto insurance is designed to cover risk of financial liability or the loss of a motor vehicle the owner may face if their vehicle is involved in a collision resulting in property or physical damages. Since there has been an increase in the need for car insurance, there has been an increase in the number of auto insurance service providers.
However, out of the multitude, there are a few not-so-good ones and a number of great ones. The prices of the great ones, however, can rock you off your feet. When selecting an auto insurance provider, it is important to also have a cost-benefit analysis. You would want to pick a good one but not have to spend more than the price of owning the car in the process of paying premiums. You can also strike out services you do not necessarily need and consistently pay premiums to avoid breaches.
Notwithstanding, there are a few low cost auto insurance providers in the United States that would also offer you good services. Here is a list of 7 low cost auto insurance providers in America.
- Progressive Corporation Auto Insurance
Progressive Corporation is one of the largest providers of car insurance in the United States. They specialize in car insurance, even though they offer other insurance services like motorcycles and boat insurance. Progressive has won multiple awards including: No. 1 motorcycle insurer from 2014 Millward-Brown national survey data, No. 1 specialty RV insurer from 2014 Millward-Brown national survey data and No. 1 truck insurer from SNL financial’s national written premium data.
Although they say that discounts may vary by state and may not be available in all situations, their prices are fair. They have been providing quality auto insurance services at cheap prices since 1937 and are known for their insurance rate comparison tool.
Esurance is an online insurance provider. They provide almost all forms of insurance services and their prices are highly competitive. Using state-of-the-art technology, Esurance offers a seamless online and mobile experience along with intuitive tools that takes the stress out of insurance.
Esurance offers low cost auto insurance services through its multiple discount offers. They include: the Switch and save discount, Fast 5 discount, Homeowners discount, Online shopper discount, and a few others. These discounts also vary from one state to the other.
- Geico Insurance
Geico also offers various types of insurance services beyond auto insurance. They offer relatively low cost auto insurance services and even claim to have been helping people save money for over 75 years. They are usually running one promo or discount offer or the other. They offer special discounts for military members, federal employees, or members of one of the 800 organizations teamed up with GEICO; new car insurance customers report average annual savings over $500, and various car insurance discounts as well as premium reduction. Geico not only helps you save money but also time as they have top-notch 24/7 customer service.
- State Farm Auto Insurance
State Farm is one of the oldest auto insurance providers in America. Since its inception in 1922, it has provided all forms of auto insurance services to cater for both the poor and the rich population alike. ‘Nerd wallet’ has it that State Farm ranks second for pricing among the four largest companies, with an average quote of $2,296 per year which is nearly $1,000 per year higher than Geico. They have a large market share and are rich in experience. They also offer specific discounts to specific states in the US. They are the No. 1 auto insurer in the United States since 1942 and ranked No. 35 on the Fortune 500 list of 2016. There is nothing better than having value for your money.
- Good2Go Auto insurance
Good2Go has been around for over a quarter of a century, providing the low cost auto insurance. They offer cheap down payments and easy monthly payment plans online. Good2Go is a subsidiary of American Independent Companies and they take pride in their quality of service. They specialize in minimum coverage car insurance, but also offer collision and comprehensive coverage where required. They are one of the cheapest in the entire United States.
- Safe Auto Insurance
Safe Auto Insurance Company is also an old auto insurance provider. Founded in 1993, they are a property and casualty auto insurance carrier based in Columbus, Ohio. They provide the state minimum car insurance coverage as well as full comprehensive and collision in 16 states including: Arizona, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Also with a good customer relationship, they offer 24/7 customer service and have a reliable complaints desk. When it comes to legal auto insurance, they keep you legal for as little as possible.
- All State Insurance Company
All State auto insurance provides you with quality auto insurance for less. They offer roadside services, and auto insurance discounts such as: Premier discount, Multiple policy discount, Passive restraint discount, Anti-lock brake discount, and Anti-theft device discount. If you are based in New York, well you would benefit more from All State’s low cost auto insurance plans. Finally, they provide personalised support and also offer top-notch round the clock customer care services.