Best Auto Insurance Companies in 2022
Just because you have had your auto insurance policy for years doesn’t always mean it’s the best fit for you. Yes, it may have served your needs perfectly at the time you purchased it, but new options have become available on the market since then and your needs may also have changed. Or if you are purchasing your first auto insurance policy, you will want to make a careful decision.
In this guide, you can find out more about the best auto insurance companies to consider in 2022!
The Best Car Insurance Companies in 2022
Through extensive research, we have uncovered the best car insurance companies nationwide. This includes:
Based in Chicago and established in 2016, Clearcover is well-positioned to understand the needs of modern drivers. Not only do they have a user-friendly mobile app, you do not have to apply separately for any discounts you qualify for – they are automatically deducted! Some discounts you may be eligible for include a vehicle safety feature discount and a safe driving discount.
One of the largest financial companies in the world, Nationwide offers a wide range of insurance policies beyond auto insurance. This means that if you already have a Nationwide policy in another aspect, such as homeowners’ insurance, you can take advantage of multi-policy discounts. In addition, safe driver and accident-free incentives are in place to lower the premiums you pay over time.
- Liberty Mutual
This insurance provider prides itself on offering customizable and affordable auto insurance policies. With a variety of personalized services and discounts, such as alternative energy discounts, you can get a good rate if you fit the criteria for some of these incentives.
Other Leading Auto Insurance Companies that are Worth Considering
Besides the three providers mentioned above, below are two more leading auto insurance companies to take a closer look at:
As a young driver or someone looking to add a child or spouse to your insurance plan, Travelers is a good option to consider. Did you know that drivers under 25 – an age group that typically pays a higher monthly premium than older drivers – can expect some of the lowest average rates from an insurance policy with Travelers? With new car and early quote discounts amongst many others, your rate can be reduced even further.
As part of the Liberty Mutual company, Safeco may not offer the lowest rates out there but one thing it does have in its favor is a lower-than-average rate of complaints. With multi-car discounts, good student discounts, homeowner discounts and lots more, drivers who already have an existing policy with Safeco may want to consider getting an auto insurance policy here as well.
How to Find the Right Car Insurance Company
First, you will need to determine an upper limit for how much you are able and willing to pay for car insurance each month. Of course, this figure should not deviate too far from the average cost of car insurance in your state, give and take a little to account for personal factors such as age, gender and driving history.
One thing that can help here is to understand the link between monthly premiums and deductibles. Generally speaking, the higher your deductible, the lower your monthly premium. To this purpose, you may wish to increase your deductible if you find that the monthly premium is too high for you, but always do this in moderation – you don’t want to be paying an out-of-pocket cost that’s too high in the event of an accident.
Once you have shortlisted at least three providers that fall within your budget, it’s time to compare quotes. Of course, you can always go the long route and fill out the “Get A Quote” form on each insurance company’s website. However, when you make use of our bespoke comparison tool at K&N Brokerage, you can easily get all the information you need in one convenient place.
Finding the Best Auto Insurance Companies by State
We all know that auto insurance premiums differ by state, and this is due to the difference in vehicle theft rates, accident rates as well as minimum requirements of each zip code. As such, you may be wondering what the best auto insurance company in your state is. Below is a non-exhaustive list:
- California: Clearcover
- Florida: Safeco
- Maryland: Clearcover
- Massachusetts: Liberty Mutual
- New Jersey: Nationwide
- New York: Nationwide
- Pennsylvania: Clearcover
- Texas: Clearcover
- Washington: Nationwide
Keep in mind that just because a provider has been named “best” in your state doesn’t necessarily mean it’s the most suitable fit for your needs!
Choosing the Best Car Insurance Companies | FAQs
Now that you have familiarized yourself with some of the best car insurance companies nationwide, we answer your FAQs below.
While cost is definitely one factor to consider, cheapest doesn’t always mean best. Nevertheless, when you make use of a website that compares quotes between different providers, it’s easy to use budget as a guiding factor to start off your search.
The minimum you need to get is a liability premium – this covers treatment of injuries for any victim should you be at fault for an accident. Some lenders may require you to purchase full coverage, which includes collision and comprehensive coverage on top of liability. This additionally covers the cost of vehicular damage in the event of an accident, vehicle theft, inclement weather, and more. A full coverage auto insurance premium typically costs 85% more than just liability coverage.
Finding the Best Auto Insurance Company for Your Needs Doesn’t Need to Be Hard
Today, deciding on an auto insurance company to go with no longer involves lengthy communications with different providers. All you need to do is go on a site like K&N Brokerage and fill in details such as your age and gender just once. From here, you can easily get the quotes you are looking for from numerous companies, allowing you to make a well-informed decision to suit your needs!