Looking for the best car insurance companies of May 2022? Here are five of the best! Insurance companies are always trying to find ways to save money.
How to compare the best car insurance companies
When you are looking for car insurance, it is important to compare the best car insurance companies. You want to find a company that will offer you the best coverage at the best price. You can use online tools to help you compare the rates of different companies.
You will want to consider the amount of coverage that each company offers. You should also look at the price of the policies and whether or not you will have to pay a deductible. You should also ask about any discounts that are available.
You can use online tools to compare the rates of different companies, but you should also contact those companies directly to get quotes. You can also ask friends and family members for recommendations.
How Bankrate picked the best auto insurance companies for 2022
Bankrate’s analysts compared the financial stability, customer service and pricing of the largest auto insurance companies in the country to determine which ones would be the best for policyholders in 2022. The top three companies were State Farm, GEICO and Progressive.
While State Farm has been a leader in the auto insurance industry for many years, GEICO and Progressive have been gaining market share with their low rates and customer-friendly policies. In addition to looking at financial stability and pricing, Bankrate also considered customer satisfaction ratings from J.D. Power and Associates.
The analysis found that State Farm, GEICO and Progressive were the best auto insurance companies overall, but that there were some regional differences. For example, in the Northeast, GEICO was ranked as the top company, while State Farm was rated highest in the Midwest.
Compare car insurance companies in May 2022
Summary: best car insurance companies
| Company | Average annual full coverage premium | Who it’s best for | Bankrate Score |
|---|---|---|---|
| USAA | $1,209 | Best overall car insurance company | 5.0/5.0 |
| Clearcover* | N/A | Best for digital presence | 5.0/5.0 |
| Geico | $1,297 | Best for driving incidents | 4.7/5.0 |
| State Farm | $1,397 | Best overall car insurance company | 4.7/5.0 |
| Travelers | $1,447 | Best for personalized coverage | 4.7/5.0 |
| Erie | $1,321 | Best for robust coverage | 4.6/5.0 |
| Auto-Owners | $1,305 | Best for discounts | 4.5/5.0 |
| Amica | $1,495 | Best for claims satisfaction | 4.5/5.0 |
| Nationwide | $1,383 | Best for coverage on a budget | 4.4/5.0 |
| Progressive | $1,561 | Best for digital policy management | 4.4/5.0 |
| Allstate | $2,438 | Best for high-value cars | 4.0/5.0 |
USAA
USAA Insurance Company is a private company that provides insurance services to members of the United States military and their families. The company was founded in 1922 by a group of army officers who wanted to provide affordable car insurance to their fellow servicemen. Today, USAA is one of the largest providers of car insurance in the country, and its services include home, life, and medical insurance.
Geico Insurance Company ?
Geico is a company that provides car insurance to drivers across the United States. The company was founded in 1936 by Leo Goodwin Sr. and is headquartered in Chevy Chase, Maryland. Geico is currently the second-largest auto insurer in the country. The company offers a variety of coverage options, including liability, comprehensive, and collision insurance.
State Farm Insurance Company ?
State Farm is an insurance company that was founded in 1922 by George J. Mecherle. The company provides insurance products for individuals, families, and businesses. State Farm is headquartered in Bloomington, Illinois, and has more than 19,000 agents nationwide.
Travelers Insurance Company ?
Travelers Insurance Company is one of the largest and oldest insurance companies in the United States. The company was founded in 1864 and provides a variety of insurance products, including auto, home, and business insurance. Travelers is also a major provider of life and health insurance products.
Erie Insurance Company ?
Finding the right car insurance company can be a daunting task. However, with the help of our list, finding the best option for you should be a breeze. In this article, we will outline the six best car insurance companies of May 2022. Whether you are looking for an affordable option or one that offers great benefits, these companies will have something for you.
You must be logged in to post a comment.