Top 10 Car Insurance Companies of 2022

Updated March 10, 2022

When it comes to choosing your car insurance, there’s no shortage of auto insurance companies on the market. As you explore your options, keep in mind that it’s important to choose one that provides quality service and value, especially if you ever have to file a claim. If you’re ready to change your insurance provider or are shopping for a new policy, then these 10 top insurance companies of 2022 are a great place to start. 

Just looking for the cheapest car insurance rates in 2022? We can help with that too. Enter your zip code below and we’ll compare rates of 60+ insurance companies.

The Top 10 Car Insurance Companies of 2022

These 10 car insurance companies are the best of 2022. From offering great discounts to providing smooth claims processes and quality customer service, they have received positive reviews and built strong reputations. As you shop around, take a look at these companies to see if one is right for you. 

Amica

Founded more than a century ago, Amica focuses heavily on customer service. Today, it is known for promptly paying claims and the ability to easily reach representatives directly. 

BBB Rating: A+

WalletHub Rating: 3.6/5

Availability: Nationwide

Discounts: Amica offers many discount options including auto-pay, vehicle safety, multi-car, and safe driver discounts. 

Average Premium: $59/month for a 45-year-old; $224/month for an 18-year-old

Pros:

Easy to file a claim: With 24/7 claims coverage and fast claims processing, Amica makes the process of filing a claim relatively painless. 

Overall customer satisfaction: Amica offers excellent customer service, and that’s reflected in the mostly positive reviews of the company. 

Cons: 

Coverage and discounts vary by state: Amica offers nationwide coverage, but the specific policies and discounts available can vary. You’ll need to ask about what’s available in your location. 

Who It’s Best For: Amica’s pleasant representatives and prompt claims process make this company a top choice for anyone who values great customer service. 

Root Insurance

Intro

Root Insurance is a newer insurance company that’s known for its innovative app and unique approach to car insurance. Their mobile app tracks driving habits, so good drivers are rewarded with good rates. 

BBB Rating: A+

WalletHub Rating: 4.0

Availability: Root Insurance is currently available in 30 states.

Discounts: Root offers discounts based on driving history, as well as several discount programs like professional and usage-based discounts. 

Average Premium: $65/month

Pros:

Discounts for good drivers: The Root Test Drive tracks driving habits during a test period, and good drivers may see discounted premiums as a result. 

Convenient technology platform: Root is an app-based insurance company and offers a tech platform that’s convenient and easy to use.

Cons: 

High-risk drivers may be denied: Root is likely to deny high-risk drivers coverage. 

Limited availability: Root isn’t available in every state, but this is a newer company that’s still growing, so availability may increase. 

Who It’s Best For

Root Insurance is the best choice for experienced, established drivers with a clean driving history and safe driving habits. 

Esurance

Intro

Esurance was the first insurance company to take things entirely online and to offer lower rates as a result. It  was founded in 1999 and is part of Allstate Insurance. 

BBB Rating: A-

WalletHub Rating: 3.8

Availability: Esurance is available in 43 states.

Discounts: Esurance offers a dozen discounts, including safety features, anti-theft features, responsible payer, and new car discounts to save you money. 

Average Premium: $60/month for a 45-year-old; $224/month for an 18-year-old

Pros:

Quality mobile app: The Esurance mobile app is a comprehensive app that lets you pay bills, access your ID card, and even request roadside assistance. 

DriveSense program: DriveSense is Esurance’s driver tracking program, and it can help you to get discounts for good driving habits.

Cons: 

Limited payment options: Esurance requires automatic payments and doesn’t provide alternative payment options. 

Who It’s Best For

Esurance is an ideal choice for drivers who are looking to save money, while being tech-savvy. It’s also great for drivers who don’t mind paying bills and filing claims online. 

Nationwide

Intro

Nationwide may have gotten its start as a small mutual auto insurer, but the company has since grown into one of the largest insurance companies in the world. Nationwide is known for its personal customer service and prompt responses to customer needs. 

BBB Rating: A+

WalletHub Rating: 3.8

Availability: Nationwide coverage is available in 47 states and Washington, D.C. 

Discounts: With more than 10 available discounts, there are many ways to save money with Nationwide. Discounts include multi-policy, safe driver, defensive driving, multi-vehicle discounts, and more. 

Average Premium: $84/month for a 45-year-old; $305/month for an 18-year-old

Pros:

High customer satisfaction: Nationwide has impressively positive customer reviews. 

SmartMiles plan for low-mileage drivers: With Nationwide’s SmartMiles plan, a device will track your driving habits so you can save money for your low mileage driving. 

SmartRide program for good drivers: With the SmartRide program, a device will track your driving performance, so you can save money for safe driving habits. 

Cons: 

Higher-than-average rates: Nationwide may offer great customer service, but its rates tend to be higher than what you’d pay with other companies.

Who It’s Best For

Nationwide is a good option for drivers with clean records who want to get discounted rates for good driving habits. It’s also a great fit for drivers who don’t mind paying a little extra for stellar customer service. 

Farmers Insurance

Intro

Farmers Insurance was originally founded to give farmers and ranchers preferred rates on car insurance, since they faced less risks than typical drivers. Today, Farmers offers auto insurance to not only farmers, but to your everyday driver, too. 

BBB Rating: A+ 

WalletHub Rating: 3.8

Availability: Farmers offers car insurance in 40 states, while motorcycle insurance is available in 39 states. The company also offers homeowners insurance in 38 states. 

Discounts: Farmers offers a wide variety of discounts, including multi-car, pay in full, good student, mature driver, and protective devices discounts. 

Average Premium: $89/month for a 45-year-old; $203/month for an 18-year-old

Pros:

Many coverage options: Farmers offers many coverage options, including new car replacement, loss of use, and rideshare insurance. 

Accident forgiveness: When you opt for accident forgiveness coverage, Farmers will forgive one accident every three years, so your premiums won’t go up. 

Cons: 

Not available in all states. Farmers car insurance coverage is limited to 40 states. 

Higher prices. While Farmers is known for providing quality coverage and great customer service, its premiums are higher than the national average. 

Who It’s Best For

Farmers may be the right choice if you like to interact with an insurance agent directly, and if you’re willing to pay higher premiums for quality coverage that you might not be able to find from another insurer. 

Progressive

Intro

Progressive was founded in 1937 and has become one of the largest car insurance companies in the country. Progressive also holds the distinction of having been the first company in America to offer 24/7 claims reporting. 

BBB Rating: A+ 

WalletHub Rating: 3.0/5

Availability: Nationwide

Discounts: Progressive offers more than 15 discounts, including teen driver, good student, online quote, and continuous insurance discounts. 

Average Premium: $54/month for a 45-year-old; $159/month for an 18-year-old

Pros:

Pet injury insurance: If you have collision coverage, pet injury insurance is included, which can help to cover your pet’s vet bills after an accident. 

Rideshare insurance: Progressive offers rideshare insurance that covers you in between customers. 

Accident forgiveness: Both small and large accident forgiveness are available for drivers with clean driving records. 

Cons: 

Delays with claims processing: Many reviewers note that Progressive is slow to process claims 

Policies can be expensive: Some Progressive policies can be expensive, but keep in mind that there are also many discounts available

Who It’s Best For: Progressive offers a wide range of coverage options and policy discounts. Its pet injury insurance and rideshare insurance can be particularly appealing to pet owners and rideshare drivers, though Progressive is a good option for anyone looking to balance quality coverage with overall value. 

Liberty Mutual

Intro

Liberty Mutual was founded in Boston, Massachusetts, and has provided insurance companies for more than a century. Today, the company offers auto insurance, homeowners insurance, and more. 

BBB Rating: A+

WalletHub Rating: 2.8

Availability: Nationwide

Discounts: Liberty Mutual offers more than 15 discounts, including early shopper, military, multi-car, and pay-in-full discounts. 

Average Premium: $73/month for a 45-year-old; $175/month for an 18-year-old

Pros:

Accident forgiveness: Liberty Mutual’s accident forgiveness program could help to prevent premium increases after you’re in an accident. 

Many additional insurance options: Whether you want to insure your ATV, mobile home, condo, or pet, Liberty Mutual offers many insurance options, making it an all-in-one stop for your insurance needs.

Convenient mobile app: Liberty Mutual’s mobile app is easy to use, and you can manage your policy and file a claim right through the app.

Cons: 

Expensive for high-risk drivers: Drivers with risk factors, like a previous history of accidents, may face higher than typical premiums with Liberty National.

Who It’s Best For

Liberty Mutual is a great choice for drivers with clean driving records. Since the company offers so many other insurance options, it’s an ideal insurer if you want to bundle multiple insurance policies and take advantage of a multi-policy discount. 

Travelers 

Intro

Founded in 1897, Travelers was the first insurance company to insure vehicles. Since then, it has grown to become one of the major insurance companies in the country, known for the peace of mind it gives its customers. 

BBB Rating: A+

WalletHub Rating: 2.4

Availability: Nationwide

Discounts: Travelers offers more than a dozen discounts to help you save money, including safe driver, multi-policy, hybrid/electric vehicle, and early quote discounts.

Average Premium: $58/month for a 45-year-old; $112/month for an 18-year-old

Pros:

Plenty of coverage options: In addition to many auto insurance coverage options, Travelers also offers homeowners insurance, renters insurance, life insurance, and more.

Many discounts: Travelers offers many discount options, so you can potentially save money in multiple ways. 

Cons: 

Low customer satisfaction: Many customers have reported issues with claims payments and customer service. 

Who It’s Best For

With its wide selection of insurance options, including life insurance and renters insurance, Travelers may be the right choice for drivers looking to take out multiple insurance policies. 

GEICO

Intro

Founded in 1936, GEICO has since grown to become the second-largest auto insurance company in America. The company is known for its low rates for not only auto insurance, but also for other policies including homeowners and business insurance. 

BBB Rating: A+

WalletHub Rating: 2.7/5

Availability: GEICO offers coverage in all 50 states, including Washington D.C. 

Discounts: GEICO offers more than 15 car safety-related discounts, and there are additional ways to save, too. Available discounts include a homeowner, low-mileage, anti-theft device, safe driver, multi-car, and paperless billing discount (good for up to 15% savings). 

Average Premium: $42/month for a 45-year-old; $237/month for an 18-year-old

Pros:

Many coverage options: GEICO offers many car insurance coverage options, letting you tailor your policy to your needs and budget. 

Many discounts: GEICO offers many discounts, including multi-car discounts, new vehicle discounts, safe driver discounts, and military discounts to help you save money. 

Many complimentary insurance options: GEICO offers much more than just car insurance. With other options including homeowners insurance, renters insurance, business insurance, and even pet insurance, there are plenty of ways to bundle insurance policies for additional savings. 

Cons: 

Some features are limited in some states: GEICO is available throughout the US, but just because GEICO offers car insurance in your state doesn’t mean you’ll be able to take advantage of all of the policies or discounts. You’ll need to contact a local agent to find out just what coverage is available in your state. 

Delays in claims processing: Many reviewers report difficulty reaching an agent and delays in the claims process. 

Who It’s Best For: GEICO offers a wide range of affordable car insurance plans, and its broad availability makes it a practical choice for nearly anyone looking for a good deal on car insurance.

Mercury Insurance

Intro

Mercury Insurance offers high-quality coverage at low rates, and with its great customer service, it’s built a name as being a trustworthy company. While Mercury isn’t available nationwide, it’s established a network of local agents who can help customers create personalized policies. 

BBB Rating: A-

WalletHub Rating: 2.2/5

Availability: Mercury Insurance currently offers coverage in 11 states: Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia

Discounts: With Mercury Insurance, you may be eligible for up to 11 discounts, including a good student, good driver, e-signature, and anti-theft discount. 

Average Premium: $56/month for a 45-year-old; $140/month for an 18-year-old

Pros:

Low rates for good drivers: Mercury Insurance rates for good drivers are lower than average. 

Rideshare coverage: Mercury Insurance offers rideshare coverage, making up for any gaps that Uber or Lyft don’t cover.

Cons: 

Limited availability: Mercury Insurance is only available in 11 states. 

Low customer satisfaction: Many customer reviews describe negative experiences with Mercury Insurance.

Who It’s Best For

Mercury Insurance is best for drivers within its 11-state service area. It’s an ideal choice if you’re looking to save money and have a clean driving record. 

Different Types of Car Insurance

There are many different types of car insurance available, and it’s important to choose and customize a policy that meets your coverage needs. Understanding some of the most common types of insurance can help you to determine just what you need. 

Liability coverage: Liability coverage pays for the expenses other people might incur if you get into an accident. States always require that you have both bodily injury and property damage liability, which can cover expenses like medical bills, vehicle repair costs, and more. Liability insurance protects you, especially if a driver wants to sue you after an accident. 

Collision coverage: Collision coverage helps to pay for expenses that result after you have an accident, whether that’s by hitting another car or rolling your vehicle. Collision coverage takes care of expenses like vehicle repair costs. 

Comprehensive coverage: Comprehensive coverage protects you in other situations, like when you get a broken windshield or have to replace your stolen vehicle. It also helps to repair or replace your vehicle after it’s damaged in an event like a flood or hurricane. 

Uninsured and underinsured motorist coverage: If you’re ever in an accident with another driver who doesn’t have insurance or who has minimum coverage, there might not be enough money to cover your expenses. Uninsured and underinsured motorist coverage makes up the difference, so you’re paying not out-of-pocket for damages that weren’t your fault. 

Personal injury protection: Injuries resulting from an accident can result in significant medical bills, and those injuries could even keep you out of work for a while. Personal injury protection helps to cover injury-related expenses, like medical bills and lost wages, regardless of who was at fault in the accident. 

In addition to these fairly standard insurance options, you can also add on special situation coverage, like GAP insurance, new car replacement, and rental reimbursement coverage. To decide which options are right for you, you’ll need to weigh your own risk factors, your budget, and how much risk you’re comfortable assuming when driving. 

As you explore insurance companies, think about which types of coverage you might want, and be sure to ask for quotes that include the special situation coverages you want to add on. 

Factors That Affect Car Insurance Rates

Every car insurance company has its own method of calculating your car insurance premium. When determining your rates, insurance companies often use the same factors to determine how much risk they’ll be taking on by insuring you and your vehicle. Understanding the factors that affect your rates can help you to take steps to lower your rates. 

Driving history: If you have a history of traffic violations and car accidents, an insurance company will be assuming more risk by insuring you. Your rates will be higher, as a result. Focus on obeying driving laws and avoiding any at-fault collisions to build a better driving history. 

Driving habits: Factors like how far you drive your car and whether you drive for work or pleasure can affect your rates. If you drive less than 10,000 miles per year, look for a company that offers pay-per-mile insurance, which could save you money. 

Credit history: Some insurance companies will increase your insurance rates if you have bad credit, though this practice isn’t allowed in all states. Working on rebuilding your credit takes time, but can pay off with lower rates. 

Driver age: Car insurance is notoriously expensive for drivers under the age of 25. The good news is that as you age, your rates will go down. They’ll start to increase again once you hit 65 years old. 

Driver gender: Insurance is often more expensive for males, who typically drive more and engage in riskier driving behavior resulting in expensive claims. 

Insurance claim history: Previous claims for at-fault accidents can drive your premiums up. If you’re in a small accident not involving another driver, you might consider paying for the damage out of pocket instead of filing a claim in order to keep your premiums low. 

Driver location: Car insurance prices can vary by both state and zip code, thanks to different state insurance requirements and varying crime and accident rates. 

Lapses in car insurance: A lapse in previous insurance coverage can raise your rates. That’s why it’s important to maintain car insurance consistently, even if you have to get state minimum insurance. 

Education and occupation: Your education and occupation can have a minor affect on your premium rates. Sometimes having a certain job can help you secure a discount on your insurance premium.

Vehicle age and type: Newer, more expensive vehicles cost more to insure. However, if you’re buying a new vehicle, look for one with safety features like anti-theft devices, and you could see a discount for those features.

Marital status: If you get married, you might see a drop in your car insurance. You may also get a discount by combining your two policies together, potentially making you eligible for a multi-vehicle discount. 

How to Find the Best Car Insurance Rates

There are many ways to get the best car insurance rates. Here are a few ideas to keep in mind. 

Compare Insurance Rates

Since every car insurance company uses their own algorithm to calculate your rates, you’ll need to compare rates from each company to determine which is best for you. Using a platform like Compare.com can make this easy, since you can get a free quote and compare rates from multiple companies at once. There’s no need to approach each company individually, so you’ll save time and be able to compare up to 65 quotes without jumping around to different websites.

Shopping around has other advantages, too. When car insurance companies know that you’re comparing quotes, they’ll do their best to give you the lowest possible price so they can win you over as a customer. When you compare quotes, you can make sure that you’re getting the best deal on your policy, and that can add up to big savings over the course of just a year. 

Consider Coverage

As you compare rates, make sure you’re comparing similar or the same coverages, too. Factors like coverage limits and deductibles can affect your rates, and that makes it tricky to compare policies that aren’t quite the same. For example, a policy that offers a maximum of $15,000 bodily injury liability might have a lower rate, but a policy with a maximum of $25,000 bodily injury liability could really be the better deal, and a better fit for you. 

Get Discounts

Look closely at the discounts that a car insurance company offers, too. Some companies provide many discount opportunities, and you might qualify for multiple discounts that could help bring your rates down. Some of these discounts are as simple as signing up for paperless billing or automatic bill payment. 

How to Find the Best Car Insurance Company for You

Many factors go into determining which car insurance company is best for you. Getting and comparing quotes from multiple companies is a good place to start, but it’s also important not to just choose the company with the lowest premium. Instead, you’ll need to think about what really makes a company – and the policy – a good fit for your needs. 

Think About Your Car Insurance Needs

Before you start reaching out for quotes, think about what you really need from your car insurance. Are you driving an old car with little value, and just need coverage that will meet your state’s minimum requirements and protect you in an accident? If so, then your needs will be different from what you’ll be looking for if you just bought a brand-new vehicle and want to not only protect yourself, but also your investment. 

Lifestyle factors like driving for a rideshare company or having taken out a large loan for that vehicle will also affect your needs. In these cases, you might be looking for a company that offers rideshare coverage or GAP insurance to protect your new vehicle while you still have a significant loan balance. 

Make a list of the types of coverage that you think you need for your auto insurance, and then start gathering your quotes. As you compare those quotes, you’ll need to think about how much risk you’re comfortable with. You could save some money on premiums by opting for lower coverage options, but if you’re in a serious accident or sustain damage to your vehicle, you might end up in a tight financial spot because you don’t have the amount of coverage that you really need. 

Think About What You Want in an Insurance Company

Think carefully about what you want in a car insurance company, too. Some people have a strong preference for great customer service, and they want to be able to pick up the phone and speak with a real person. If you’re a little more flexible and don’t mind using an app, then an app-based company might be a great fit and could save you additional money. 

Think About Claims Process

While it can be difficult to gauge how smoothly a claims process will go, look into how a company processes its claims and the reviews that it’s received so far. Many companies now offer the ability to file a claim 24/7, and some offer online claims filing and even the option to upload photos to speed claims along. You can find many companies that now process claims within a week or two, meaning you could have your vehicle back on the road sooner after an accident. 

Think About Combining Policies

If you’ll be simultaneously looking for other types of insurance, like homeowners insurance, then start listing out the features that you need that insurance to have. Consider types of coverage that you want, as well as unique factors about your situation, like the need for flood insurance or a policy that will cover a mobile home. As you gather your auto insurance quotes, you’ll be better prepared to look for companies that meet all of your insurance needs. 

Once you’ve gathered your quotes, narrow down your choices to the top two or three policies. Then, and most importantly, call the companies if you’re able and speak with a representative. Use this time to ask any questions you might have and explain that you’re comparing quotes among multiple companies. This call can give you an idea of what your future interactions with the company might be like, and can help you to make your final decision about which company is truly the best fit for your insurance needs, budget, and personal preferences. 

You can begin the car insurance comparison process with ease. Just enter your zip code below and you’ll be one step closer to finding the best car insurance company for you.

 

FAQs About the Top 10 Car Insurance Companies of 2022

What is the #1 car insurance company?

We’ve ranked Amica as the top car insurance company of 2022. Amica offers nationwide coverage paired with top-quality customer service. Customer reviews of Amica, including the claims process, are largely positive, and Amica is known for being highly responsive and for quickly processing claims. Additionally, Amica offers a wide selection of not only car insurance, but also other insurance types, including homeowner and renters insurance. This broad selection of policies means customers can use one insurer for all of their needs and enjoy multi-policy discounts, too. 

What types of car insurance are required?

Car insurance laws vary by state, so it’s important to look into your state’s specific insurance requirements. States require mandatory minimum coverage for bodily injury and property damage that can occur during an accident. Your state may also require you to have uninsured and underinsured motorist coverage, as well as personal injury protection or no-fault insurance. 

How can I find the best price on car insurance?

To find the best price on car insurance, it’s important to start by comparing quotes from multiple companies. Comparing quotes can help you to better understand the coverage (and its limitations) that each company offers, and you can see the differences in your premiums, so you can choose the policy that has the best value. 

Whether you’re in need of a new car insurance policy or think that it might be time to explore alternatives to your current policy, the entire process starts with getting a quote. Get started with Compare.com today – in just 10 minutes you’ll get quotes from multiple insurance companies. 

Compare Car Insurance Quotes