What's the best type of insurance to get and how do you know if what you're spending is worth it?
PHOTO CREDIT: www.quoteinspector.com
Car insurance can be extremely pricey and cause you a lot of extra hassle and stress, especially with the more expensive they get.
What's the best type of insurance to get and how do you know if what you're spending is worth it? Is the amount you pay into your car insurance company every month even worth it?
This article will hopefully answer all your questions, but more importantly, it will help you find the cheapest car insurance you can find, ones that will also make sure you are well covered in the event of an accident.
Now let’s review this best cheap car insurance. This list is up to date and current with 2020.
Farmers (Official site: https://www.farmers.com/) car insurance is one that is the most expensive on our list and it is the last one.
It has an average national rate of $1,865 and is probably not the one you want to choose if you have an accident in your record. It is a huge company, made up of 46 different major branches that basically form their own individual companies. They also have insurance policies for homes, vehicles, businesses, and life insurance as well.
The Allstate (Official site: https://www.allstate.com/) is an American insurance company that is in the United States. Allstate is one of the largest American corporations, and with 2018 revenues of $39.8 billion ranked 79th in the Fortune 500 list of the largest United States corporations by total revenue.
Allstate provides many discounts, including for anti-theft devices, good drivers, good students, multiple policies, prepayment and vehicle safety equipment. Allstate ranks 9th on the 20 best car insurance companies for 2020.
Liberty Mutual (Official site: https://www.libertymutual.com/) is an American diversified global insurer and the third-largest property and casualty insurer in the United States. The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers' compensation, commercial multiple perils, commercial automobile, general liability, global specialty, group disability, fire, and surety.
It ranks 75th on the Fortune 100 list of largest corporations in the United States based on 2018 revenue. Liberty Mutual ranks 18th on the 20 best car insurance companies for 2020.
Progressive (Official site: https://www.progressive.com/) falls into number four of the cheapest car insurance companies with a national average rate of $1,766.
It is a car insurance company that has set the standards for the entire industry. This makes them trustworthy and reliable, especially if you're looking for a company that has the basics you could ever need.
They also offer insurance for other types of vehicles including boats, motorcycles, power sports equipment, and more.
State Farm (Official site: https://www.statefarm.com/) is another car insurance company that you've probably seen a commercial for at some point. Their national average is $1,511 and is considered well below many of the other car insurance companies out there.
It's also considered to be the third cheap car insurance company, so this is one you definitely want to consider as a choice when it comes to getting car insurance.
It was founded in 1922 for farmers and by the 40's, it had written over one million car insurance policies. Now, it even has other types of insurance that you can use, not just car insurance.
We've all probably seen the commercial for Geico (Official site: https://www.geico.com/) at one point in our lives and how much it saves you. The commercial isn't an exaggeration in the slightest. It has an average national rate of $1,198 and its rates for teens are even lower.
This is a great choice for young and new drivers still in their teen years, since the last thing you want to worry about when you're learning to drive is the stress of having too-expensive car insurance.
One of the cheapest car insurance companies is USAA (Official site: https://www.usaa.com/), which is short for United Services Automobile Association.
It has an average national rate of $1,023 and has memberships that treat their clients like family. To become a member, someone has to either be in the military or a veteran or a family member of one.
It offers its membership to anyone in any of the military branches, including Army, Marines, Air Force, National Guard, Coast Guard, and Veterans. If you have been in the military or currently are, or have family that is/was, then USAA is the best car insurance choice for you (and the cheapest).
Getting car insurance can be a daunting and stressful task, especially when you consider your finances.
It doesn't have to be, though, especially if you find a cheap car insurance company that's also reliable and good, one that's the right choice for you and your family.
RELATED: What Factors Play a Role in Buying a Cheap Car Insurance Policy?
| Rank | Company | Country |
|---|---|---|
| #1 |  Volkswagen |
Germany |
| #2 |  Toyota |
Japan |
| #3 |  Stellantis |
Netherlands |
| #4 |  Mercedes-Benz Group |
Germany |
| #5 |  Ford Motor |
United States |
| Rank | Company | Country |
|---|---|---|
| #1 |  Michelin |
France |
| #2 |  Bridgestone |
Japan |
| #3 |  Continental |
Germany |
| #4 |  Goodyear |
United States |
| #5 |  Sumitomo |
Japan |
