LIST! Best Car Insurance Companies Of October 2023

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By: Forbes’ Penny Gusner

US: Motor Private Insurance is a type of insurance coverage that provides financial protection for individuals who own and operate private vehicles. It is designed to cover the costs associated with damages or losses resulting from accidents, theft, or other unforeseen events involving the insured vehicle.

This insurance typically includes coverage for both bodily injury and property damage liability, as well as coverage for medical expenses, collision, comprehensive, and uninsured/underinsured motorist. Motor Private Insurance offers peace of mind by ensuring that policyholders are financially protected in the event of an accident or loss.

It is important to note that the specific coverage and terms of Motor Private Insurance policies can vary depending on the insurance provider and the policyholder’s individual needs and preferences. It is recommended that individuals carefully review and compare different insurance options to ensure they select the policy that best suits their requirements.

American Family, Auto-Owners, Nationwide and USAA are the best car insurance companies, according to Forbes Advisor’s analysis.

We evaluated a variety of insurers to determine the best car insurance companies based on costs, coverage options, claims processes and complaints. Use our analysis as a jumping-off point to compare top auto insurers and find the best match for your situation.

Here are Forbes Advisor’s picks for the best car insurance companies of October 2023:

  • American Family: Best for Low Level of Complaints
  • Auto-Owners: Best Cost for Drivers Who Have Caused an Accident
  • Nationwide: Good for Usage-based or Mileage-based Insurance
  • USAA: Best for Military Members & Veterans
  • Geico: Best Overall Car Insurance Rates
  • Travelers: Best Price for Gap Insurance
  • Westfield: Best Family Discounts
  • Erie: Best Grade from Collision Repair Professionals
  • Progressive: Best Price for Drivers With a DUI
  • State Farm: Best Renewal Discount

Summary of the Best Car Insurance Companies

Our analysis finds that American Family, Auto-Owners, Nationwide and USAA are the best car insurance companies overall, with 5 stars in our ratings. USAA auto insurance is available only to military members, veterans and their immediate family members.

The best car insurance companies for you will depend on your driving record, state and other individual factors. Shopping around to compare car insurance quotes will reveal the companies that can give you the best price for your situation.

Best for Low Car Insurance Rates: Geico

Geico comes in with the lowest rates nationwide that are available to the general public when we look at average rates across a variety of driving records and driver ages. (USAA is cheaper but membership is limited to car owners with a military connection.)

Drivers who have poor credit should compare quotes from Geico because of its competitive rates. Getting quotes is worthwhile if you have poor credit because many auto insurance companies charge much higher rates based solely on poor credit

Geico Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$1,716
Drivers with a speeding ticket$2,098
Drivers with a DUI conviction$3,451
Drivers who caused an accident with injury$2,487

Best for Low Complaints: American Family and Travelers

Complaints against a company are a reflection of customer service. Most complaints about car insurance companies revolve around problems with claims. American Family and Travelers have very low levels of auto insurance complaints, based on verified complaints made to state insurance departments around the country.

American Family Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$2,176
Drivers with a speeding ticket$2,536
Drivers with a DUI conviction$2,983
Drivers who caused an accident with injury$2,818

Travelers Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$1,852
Drivers with a speeding ticket$2,481
Drivers with a DUI conviction$3,675
Drivers who caused an accident with injury$2,630

Best for Collision Repair: Erie

Erie receives the highest grade from collision repair professionals among the companies we analyzed, with a B+. Collision repair professionals get an inside look at which insurers try to cut corners and which ones have the smoothest claims processes.

Erie Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$2,144
Drivers with a speeding ticket$2,316
Drivers with a DUI conviction$3,390
Drivers who caused an accident with injury$2,822

Best for Drivers With a Speeding Ticket: Geico and Westfield

Drivers who have gotten a speeding ticket can expect it to affect rates for three to five years, depending on your insurance company and state. Geico and Westfield have the lowest rates for these drivers, among companies open to the general public. Westfield is a regional insurer that sells auto insurance in 10 states, mainly in the Midwest.

USAA also has low rates for military members and veterans who have speeding tickets on their records.

Westfield Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$1,759
Drivers with a speeding ticket$2,001
Drivers with a DUI conviction$4,357
Drivers who caused an accident with injury$2,458

Best for Drivers Who Caused an Accident: Auto-Owners

A “chargeable” accident can stay on your record and affect your car insurance rates for three to five years, depending on your state laws and/or car insurance company. Auto-Owners has the best average rates for drivers stuck in this spot, based on the companies we analyzed.

The severity of the accident, meaning the dollar cost of property damage and/or injuries, can affect the amount of your surcharge. Ask your auto insurance agent how long the surcharge will affect your car insurance rates.

Auto-Owners Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$1,628
Drivers with a speeding ticket$2,250
Drivers with a DUI conviction$3,363
Drivers who caused an accident with injury$2,145

Best for Drivers With a DUI: Progressive

You can’t avoid higher rates after a DUI, but Progressive offers the most competitive pricing for drivers in this situation, based on nationwide averages among the companies we analyzed.

Car insurance companies will usually pull your motor vehicle report when you’re getting a new quote or when your policy is coming up for renewal. This is their chance to adjust rates based on your recent history of problems, and a DUI conviction will be a costly insurance problem.

Progressive Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$2,157
Drivers with a speeding ticket$2,793
Drivers with a DUI conviction$2,776
Drivers who caused an accident with injury$3,413

Best for Military Members: USAA

With its consistently good rates and variety of coverage options, USAA remains the best car insurance option for military members year after year. While the level of complaints about USAA auto insurance has been rising over the past couple of years, its current complaint level is about average for the industry.

USAA Average Annual Car Insurance Costs

Driving recordFull coverage cost
Good drivers$1,412
Drivers with a speeding ticket$1,709
Drivers with a DUI conviction$2,751
Drivers who caused an accident with injury$2,093

How To Find the Best Car Insurance

Finding the best car insurance starts with figuring out your particular coverage needs. From there you can use our list of best car insurance companies and these tips in your search.

  • Decide on the car insurance coverage types you need. Determining how much car insurance you need allows you to shop around for the exact same coverage from each company in order to make a helpful comparison. Also, buying only the coverages you need and skipping ones you don’t need lets you get cheaper auto insurance.
  • Comparison shop with multiple companies. To find the best car insurance company, compare auto insurance costs among various insurers. Auto insurance companies have their own ways of weighing pricing factors—such as your age, driving experience and vehicle—so by shopping around you’ll see who offers the best price for your specific situation.
  • Consider companies big and small. Look beyond the national brands for car insurance and check the rates offered by smaller, regional companies. Many smaller companies offer very competitive rates or more discounts, such as Westfield and its plentiful family discounts.
  • Buy with confidence. After you’ve checked out coverage options and costs, you can purchase a car insurance policy knowing you made a good comparison.
  • Do it again regularly or when you have a change in your situation. Car insurance isn’t a buy-it-and-forget-it policy. Shopping around regularly can be a good idea, and most certainly comparison shop if you have changes, such as adding a driver, buying a new car, moving or any situation that could change your rates. The best insurer for you a few years ago may no longer be a cheap option for your situation.

How To Find the Best Price on Car Insurance

Knowing the factors that affect car insurance rates, such as your credit, can help you identify ways to save. Here are the easiest ways to find a good deal on cheap car insurance.

Shop Around

To find the best price on car insurance, compare car insurance quotes from at least three companies for the same level of coverage. Because rates can vary wildly among companies, shopping around is the best way to get the biggest potential savings.

Choose a Higher Deductible

If you have collision and comprehensive coverage, choosing a higher car insurance deductible is another reliable method for lowering your insurance bill. (There is no deductible for liability insurance.)

Ask About Discounts

Many car insurance discounts will be automatically applied to your bill, such as “pay in full” discounts. But sometimes your insurance company won’t know you’re eligible for a discount, so it’s good to ask. For example, if you have a high school or college-age driver who gets good grades, ask about a good student discount.

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