Top Best Cheap Car Insurance Companies In USA For 2020

Having Car Insurance is necessary for the reason that it covers your expenses in the event of vehicle damage or else injuries to other drivers, passengers or pedestrians. The future is unpredictable and accidents happen, so it’s comforting to know that you’re covered financially if you’re involved in one of them.

All motorists must be insured against their liability to other people, as specified in the Traffic Acts implemented by the government. In addition to that, driving without car insurance is illegal and if you don’t have it, then you would be fined or disqualified from driving.

If you are also one of those who are looking for the best car insurance but at the same time also want it cheap or reasonable then look out this below-mentioned list where we have covered Best Cheap Car Insurance for 2020.

Top Best Cheap Car Insurance For 2020

Geico

Geico

The Government Employees Insurance Company, which is commonly known as GEICO, is an American auto insurance company which is headquarters in Maryland. This very popular insurance company is the second-largest auto insurer in the United States, after State Farm.

As of 2017, the company provides coverage for more than 24 million motor vehicles that have been owned by more than 15 million policyholders. GEICO also writes private passenger automobile insurance in all 50 U.S. states as well as the District of Columbia.

In our list of cheapest car insurance, Geico is the top best company with an average annual rate of $1,198 per year for good drivers. In addition, Geico has also received AM Best rating of an A++ (Superior) insurer along with a J.D. Power score of four out of five.

This insurance agency sells policies through local agents, which are known as GEICO Field Representatives, or else over the phone directly to the consumer via licensed insurance agents, as well as through their website.

Furthermore, it was also the cheapest insurer for drivers with a recent at-fault accident at an average rate of $1,888 each year, drivers with bad credit, along with an average yearly rate of $1,748, and minimum coverage insurance, with an average rate of $478 every year.

The best part about Geico is that it has quite a few discounts comprising for anti-theft devices, good drivers, good students, military, having numerous policies, prepayment as well as vehicle safety equipment.

State Farm

State Farm

In our list of Top Best Cheap Car Insurance for 2020, State Farm secured the second spot. State Farm is basically a large group of insurance companies located all over the United States with corporate headquarters situated in Bloomington, Illinois. It is considered to be the second-cheapest car insurance company where you would like for good drivers, with an average annual rate of $1,511.

The company is best known for its many insurance products along with its financial services such as bank accounts, credit cards and home loans for one-stop shopping. For drivers with the latest at-fault crash, State Farm was second to Geico by just $80 per year, along with an average annual rate of $1,968.

In addition to that, State Farm also offers a few discounts, but not as many as Geico or Nationwide. On top of that, State Farm offers discounts for good drivers, good students, multiple policies as well as vehicle safety equipment.

Progressive

Progressive

The third-cheapest car insurance company in our analysis was Progressive, with an average rate of $1,766 year for good drivers.

The company mainly focuses on having the cheapest auto insurance it can and comprises of many coverage options, even for drivers with a low credit score or prior accidents as well as traffic violations. Progressive is considered to be one of the few insurers that offer gap insurance for covering a new car’s depreciation.

In addition to that, Progressive is best known for its “Name Your Price tool” where one can easily build a custom policy designed for meeting your coverage needs as well as budget. If you have collision coverage, Progressive is even going to cover veterinary expenses even if your pet is injured in a car crash. With the help of Progressive, customers can get a good driver, multiple policies as well as prepayment discounts. 

Nationwide

Nationwide

Nationwide is another top best Cheap Car Insurance for 2020 which offers service in almost all states, apart from Louisiana, Alaska, and Hawaii. Nationwide received a two out of five on the J.D. Power insurance study. Nationwide offers accident forgiveness, gap insurance as well as a vanishing deductible option, which reduces your deductible by $100 for every single year you stay accident-free (up to $500).

Nationwide also consists of multi-policy for discounts, a family plan, accident-free, paperless documents, good student, anti-theft as well as easy pay.

Farmers

Farmers

Farmers Insurance Group, which is commonly known as Farmers is an American insurer group of automobiles, homes as well as small businesses. In addition to that, it also provides other insurance along with financial services products. Farmers Insurance comprises of more than 48,000 exclusive as well as independent agents and about 21,000 employees.

Farmers have got a score of three out of five, on the J.D. Power auto insurance study. The company is better known for having excellent customer service along with making filing claims easy. Farmers car insurance offers the best customers with 24/7 support, online policy management, new car replacement coverage as well as accident forgiveness.

In addition to that, Farmers also has a multitude of discounts, comprising multiple vehicles, business and professional, mobile glass, good student, safe driver as well as an alternative fuel.

Final Words

Having Car Insurance is a must as it is a legal requirement and with the right level of cover, it will offer you financial protection in the event of your vehicle being damaged. Not only this, it also covers you for injuries to other drivers, passengers or pedestrians, and their property.

With the help of this article, we have covered the top best Cheap Car Insurance for 2020. Hopefully, this information will be beneficial for you. I hope this article has helped you to find out the perfect car insurance as per your preference.

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