Want the best auto insurance coverage? Money expert Clark Howard reveals the best auto insurance companies by customer reviews — and the ones to avoid!
Based on our analysis of the industry, the best home and auto insurance companies are State Farm, USAA, Nationwide, Erie Insurance and Allstate.
Key Takeaways ; USAA is rated highly for customer service, claims handling, and discounts. ; Auto-Owners was second in our rating and at or near the top of all subcategories we analyzed, including customer service and claims handling. ; Car insurance rates vary based on many factors. Shopping around can help you find a policy that fits your budget.
Commercial auto insurance policies provide specific protection for vehicles used in commercial or business settings. ; According to quotes we received, business owners can expect to pay at least $2,000 per year for full-coverage commercial auto insurance. ; Drivers using personal auto insurance policies for business vehicle use could face penalties or denied coverage claims.
Company, Best for, Avg. annual premium for full coverage*, J.D. Power Claims Satisfaction** ; Allstate, High-risk drivers, $2,438, 889 ; Amica, Customer satisfaction, $1,495, 895 ; Erie, Options, $1,321, 901
Best customer satisfaction: Amica Mutual ; Best affordability coverage: GEICO ; Best for military: USAA ; Best for teen drivers: State Farm ; Best for discounts: Farmers Insurance
We evaluated 28 insurers to find the best commercial auto insurance companies. See who comes out on top and learn about the types of businesses they serve.
20-min read · Expert Approved ; Written by · Cassidy Horton ; Reviewed by · Erin Kinkade, CFP®
Car insurance premiums increased 19.5% between June 2023 and June 2204, according to the Department of Labor’s July 2024 Consumer Price Index. ; The reasons are many and include lingering inflation, the rising cost of repairs, an uptick in severe weather and the number and severity of accidents. ; Even though rates are on the rise, you don’t have to break the bank to pay your premiums. Here are tips to get the best price on car insurance.
In this article, we will look at the 15 best auto insurance companies heading into 2024. If you want to skip our detailed analysis of the auto insurance market, you can go directly to 5 Best Auto I...