Best car insurance companies in 2023
State Farm has the best full coverage car insurance rates in most states. It also ranks as one of the most reliable companies for customer service and claim satisfaction.
With State Farm, drivers don’t have to pay more for excellent customer service. It is one of the most affordable large insurance companies. A full coverage policy from State Farm costs around $99 per month — 33% less than the national average.
If you’re involved in an accident, a company with a smooth claims process will help you get back on the road quickly with minimal out-of-pocket costs.
State Farm consistently receives above-average customer satisfaction scores from J.D. Power and the NAIC.
Although State Farm is known for having great support, the online quote process is not the most convenient. You might need to call an agent to finish signing up for a policy.
Best liability-only car insurance: Erie
Erie offers some of the best car insurance rates for minimum and full coverage.
Drivers looking for a minimum coverage policy — one that only meets the insurance minimums required by their state — can get significant savings with Erie. Minimum coverage car insurance policies from Erie cost around $39 per month, which is 33% cheaper than the national average.
Full coverage insurance is also very affordable from Erie. The company charges $101 per month, which is 32% cheaper than the national average.
Unfortunately, Erie Insurance is only available in 12 states and Washington, D.C. That means most drivers can’t buy a policy from Erie. Drivers that can’t get car insurance from Erie should consider State Farm.
If you can get coverage from Erie, you can rest assured that you’ll be taken care of if you’re in an accident or need to make changes to your policy. Erie has a reputation for excellent customer service. It earned the second-highest score on J.D. Power’s claims satisfaction survey.
Best-rated car insurance company: Amica
Amica is the best-rated widely available car insurance company when it comes to customer service.
Choosing a company with a reputation for great service is just as important as finding the cheapest rate. If you’re ever in a car crash, you’ll want your insurance company to make the claims process easy so you can get back to normal quickly.
Amica earned one of the highest scores on J.D. Power’s claims satisfaction survey, which means drivers are happy with its claims process. In addition, it only receives around two-thirds as many complaints as other insurance companies of a similar size, according to the NAIC.
Amica’s great service comes at a price though. A full coverage policy from Amica costs around $208 per month, which is 41% more expensive than the national average. Although the company offers lots of discounts, most drivers can probably find cheaper coverage elsewhere.
Best car insurance for drivers with accidents or tickets: Farm Bureau
Farm Bureau raises full coverage rates by only 32% when drivers have a single at-fault accident. The average rate increase is 49%.
If you’ve caused a car crash recently, insurance companies are going to charge you higher rates. However, they won’t all penalize you to the same degree.
Other companies increase rates by an average of 49% after an at-fault accident, or an extra $72 per month. With Farm Bureau, you can expect an average rate increase of only $43 per month.
While Farm Bureau is an affordable company in most states, you will need to join your local Farm Bureau group to buy a policy. While membership is open to anyone, not just farmers, you’ll typically have to pay a fee of around $50 per year.
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