U.S. News offers advice on the best cheap full coverage car insurance for families, teens, and seniors.
Looking for the cheapest full coverage car insurance? NerdWallet’s analysis shows which companies are cheapest and how much a driver can expect to pay.
State Farm offers the cheapest full-coverage car insurance in Texas. Rates start at $67 per month.
According to our research, the top five cheapest car insurance companies are USAA, Central Insurance, Travelers, Auto-Owners and Country Financial. The lowest car insurance rates start at $38 for military-affiliated drivers and $52 per month for all other drivers. The best ways to save money on car insurance are determining coverage needs before buying, reviewing coverage regularly, comparing providers, improving your credit score and taking advantage of discounts.
With starting rates of $48 a month, Central Insurance is the best cheap car insurance company for young drivers. ; On average, car insurance for young drivers costs $2,154 per year for minimum coverage and $5,296 per year for full coverage. ; Young drivers pay higher car insurance premiums due to a lack of driving experience, higher chances of violations and risky driving and lower credit.
Key Takeaways ; The average annual cost of a car insurance policy among insurers we analyzed is $2,068, compared to $1,459 a year ago. ; USAA has the lowest sample premiums in our study, but its policies are only available to current and former members of the military and their families. ; Erie, which is available in 12 states and Washington, D.C., has the lowest rates we found for teen drivers.
USAA, Nationwide, Travelers, Geico and Erie offer the cheapest full coverage car insurance according to Forbes Advisor 2024 analysis.
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Cheapest car insurance ; Best for discounts: Geico · Best for full coverage: Nationwide · Best for minimum coverage: Auto-Owners · Best for customer satisfaction: Amica · Best for military members and veterans: USAA
Compare the cheapest car insurance companies ; What are the best cheap car insurance companies? ; The cheapest car insurance companies by state