Pricing is essential for any insurance decision, but a car insurance provider is more than just its premiums. The top auto insurance providers provide their clients with more than simply the desired level of coverage at competitive rates. These insurance companies also offer a customer-focused experience, which includes a simple way to handle payments and manage policies. We have identified the top 10 insurers in 2024. If you have been wondering which auto insurance is best for you, this is an excellent place to start.
At the same time, it is important to understand auto insurance costs vary widely depending on factors such as your age, driving record, and the type of vehicle you drive. Beem can help you get quotes from different insurance companies to compare prices and make the best decision as per your requirement.
Top Auto Insurance Companies in the US
Here’s a list of some of the best auto insurance companies in the country:
USAA
USAA holds the top spot among the best car insurance companies of 2024. The company excels in many subcategories, including customer service, being most likely to be recommended, and most likely to be renewed. The company is also rated as the best cheap car insurance company, with low average rates in multiple categories. However, USAA car insurance is only available to members of the military community, so most consumers will want to learn more about what other insurers have to offer.
American Family
American Family is the best choice for those not qualifying for a USAA policy. Arguably the best car insurer, with top scores in most subcategories, including customer loyalty and claims handling, American Family is the best large insurance company, showing tremendous improvement in ratings. It offers a long list of insurance discounts, including for loyalty, fulfilling defensive driving courses, and students away at school. For a company of its size, it receives fewer consumer complaints than expected.
State Farm
State Farm, one of the largest personal auto insurers in the country, has performed well in multiple rate-specific categories, including customer satisfaction and claims handling. It is ranked as the best car insurance company for seniors. It’s also one of the cheapest companies on average for drivers after a speeding ticket or an accident and the cheapest after a DUI. The company discounts drivers for having multiple cars, being good drivers, and taking a defensive driving course. State Farm auto insurance policy is available in all states except Massachusetts and Rhode Island.
Geico
Geico scores highly for customer service, claims handling, and customer loyalty. It is also one of the cheapest car insurance companies, with affordable rates in several categories, including low premiums for teen drivers and drivers seeking minimum coverage. It is one of the largest insurance companies in the USA, with a presence in all the states. Auto insurance with Beem provides the best coverage for damage to your vehicle, damage to other vehicles or property, and injuries to yourself or others.
Nationwide
Nationwide also scores well in claims handling and customer loyalty. It is among the top five insurers that are most likely to be recommended and most likely to be renewed. Its insurance rates are competitive. It offers multiple discounts and auto insurance options, with plenty of extra perks for loyal customers. The company includes various other features in its loyalty rewards program, including minor accident forgiveness, which means your rates will stay the same if you get in an accident and file a claim under Nationwide’s accident threshold. Its policies are available in all states and Washington, D.C., except for Louisiana, Alaska, and Hawaii.
Farmers
Farmers is also ranked among the best car insurance companies in 2024 because of its impressive customer service, claims handling, and customer loyalty. However, Farmers typically offer some of the highest rates on average and are not considered among the cheapest car insurance companies. It also does not figure at the top of the list of insurance policies most likely to be renewed.
Travelers
Travelers maintain their position in many subcategories, including customer service, customer loyalty, and claims handling. The company offers reasonable overall rates, with premiums below the national average in all categories, including prices for teen drivers, young adult drivers, and senior drivers, along with the cost of policies following a ticket or DUI. However, it only ranks among the most likely to be recommended insurance providers.
Allstate
Allstate is also rated among the Best Car Insurance Companies of 2024 for customer loyalty, customer service, and claims handling. Also, it is most likely to be renewed and most likely to be recommended. However, the company’s premiums are higher than the national average in each pricing category, including for teen and senior drivers and prices after speeding tickets or accidents. So even though it’s among the best, it’s not one of the cheapest car insurance companies.
AAA
AAA scores impressively in customer loyalty and is most likely to be renewed by existing customers. Apart from that, it is known for its ease of use and has fewer complaints than other companies of its size. You don’t need to be a AAA member to get a policy. Still, if you do, you are eligible for an additional discount on your auto insurance, including discounts on hotels and restaurants. So the great perks and discounts might make joining worth it. Sample rates for AAA car insurance are higher than the national average in several categories.
Progressive
Progressive caters to many people with a range of discounts and insurance options. But there’s room for improvement in customer satisfaction. Some of its exciting add-ons include free accident forgiveness options. As a result, your rates won’t increase after a collision. Customers are eligible for larger accident forgiveness if they have been with the company for at least five years without any accidents or traffic violations. Progressive offers pet injury protection as well as diminishing deductibles. The policies are available in all 50 states and Washington, D.C.
Conclusion
Pricing and discounts are the top factors determining the best car insurance company. But they are not all. There are so many other variables, including community membership, age, gender, and location, among others. These variables make one insurance provider’s rate more favorable for you than another. Feel free to shop around for car insurance quotes to find the best option exclusively for you! It is important to compare car insurance quotes to get the best deal for your budget. Use Beem to find the best insurance quotes that can help you make the right choice.
