What is the most expensive auto insurance company?

Asked by: Dr. Horace Mante  |  Last update: July 2, 2025
Score: 4.6/5 (10 votes)

Allstate Allstate is one of the pricier major insurers in America, averaging as the most expensive out of the ten largest insurance providers. At $168 per month, covering a vehicle through Allstate costs $41 more than choosing another large auto insurance company.

What is the most expensive car insurance group?

Group 50 is the most expensive. The lower the car insurance group, the lower your car insurance premium is likely to be.

Is Geico more expensive than Progressive?

GEICO is cheaper and has better ratings than Progressive. Your experience with GEICO and Progressive will vary based on individual rating factors.

Who is #1 in auto insurance?

State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.

Who pays the highest auto insurance premiums?

Your age – In general, mature drivers have fewer accidents than less experienced drivers, particularly teenagers. Insurers generally charge more if teenagers or young people below age 25 drive your car.

EV Insurance Costs Are SHOCKING... Here's WHY!

20 related questions found

Who normally has the cheapest car insurance?

Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.

How do you lower your car insurance bill?

7 ways to lower your car insurance premium
  1. Qualify for insurance discounts. Getting more discounts that lower your car insurance premium might be easier than you think. ...
  2. Increase your deductible. ...
  3. Reduce your coverage. ...
  4. Compare rates. ...
  5. Try usage-based insurance. ...
  6. Take a defensive driving course. ...
  7. Get a car that's cheaper to insure.

What is the most trusted car insurance company?

Amica and USAA tied in Bankrate's analysis as the two best auto insurance companies overall. Geico ranks as the best car insurance company for high-risk drivers. Nationwide and Liberty Mutual are some of the best auto insurance companies for discounts and bundling.

Who is State Farm's biggest competitor?

State Farm main competitors are USAA, MetLife, and American Family Insurance. Competitor Summary. See how State Farm compares to its main competitors: MetLife has the most employees (49,000).

Which is better, Allstate or Liberty Mutual?

Compared to Liberty Mutual, Allstate provides cheaper average coverage for different driver profiles. Allstate earned an above-average score in the J.D. Power 2023 U.S. Auto Claims Satisfaction Study. It also earned higher average customer satisfaction scores than Liberty Mutual in the J.D. Power 2023 U.S.

Who's cheaper, State Farm or GEICO?

Is Geico cheaper than State Farm? While Geico's average rates are below the national average for both minimum and full coverage, State Farm's average rates are actually slightly higher than the national average, according to Bankrate's analysis of premium data from Quadrant Information Services.

What is GEICO's weakness?

Weaknesses of GEICO

The major drawbacks are as follows: Research and Development: GEICO has a good share of expenditure on the research and development department but it is spending way less than a few of the players within the industry which have benefitted as a result of their innovative products.

Is State Farm more expensive than Progressive?

State Farm has cheaper home and car insurance quotes than Progressive. It also has higher customer satisfaction ratings. However, Progressive offers more discounts and coverage options, including gap insurance. Progressive is better for specialized car insurance coverage.

What is the cheapest car insurance group?

Group 1 is the lowest insurance group, which also means it's the cheapest insurance group. Group 50 is the most expensive.

Which car is the most expensive to insure?

  1. Maserati Quattroporte. The Maserati Quattroporte is a luxury sedan that typically costs over $2,500 per six-month policy period to insure, making this car the most expensive vehicle to purchase auto insurance for in 2021. ...
  2. Audi R8. ...
  3. BMW i8. ...
  4. Mercedes-AMG GT. ...
  5. Nissan GT-R. ...
  6. Maserati Ghibli. ...
  7. Mercedes-Benz S-Class. ...
  8. Porsche 911.

What is the most expensive insurance plan?

Platinum health insurance is the most expensive type of health care coverage you can purchase. You pay low out-of-pocket expenses for appointments and services, but high monthly premiums.

Who is more expensive, State Farm or Allstate?

State Farm offers cheaper rates on auto and home insurance than Allstate. State Farm also has higher customer service ratings. However, Allstate offers a few home and car insurance coverages that State Farm doesn't have.

Who is cheaper than Progressive?

Both Geico and Progressive offer competitive average premiums for drivers, but if you're wondering if Progressive is cheaper than Geico, Geico has the edge. Its average rates tend to be cheaper than the average rates offered by Progressive, and the company's extensive discount list may help you save even more.

What insurance company has the most complaints?

The auto insurance company with the most complaints is United Automobile Insurance, which receives roughly 40 times more complaints than the average insurer its size, according to the latest NAIC complaint index.

What is the number 1 safest car company?

Volvo is the safest car brand in the world because it has consistently proven itself in safety testing, been a leader in safety innovations for decades, focused on accident prevention through features and handling, and prioritized the safety of everyone on the road.

What is the biggest insurance company to fail?

Executive Life Insurance Company is regarded to be the biggest bankruptcy of an insurance company in the United States in the course of recent years. Based in California, the life company had to file for bankruptcy in 1991 following disastrous investments in junk bonds.

Does credit score affect car insurance?

How credit-based insurance scores work. Most U.S. insurance companies use credit-based insurance scores along with your driving history, claims history and many other factors to establish eligibility for payment plans and to help determine insurance rates. Again, except in California, Hawaii, and Massachusetts.

What age does car insurance go down?

Both male and female drivers see the biggest drop in average annual car insurance premiums between the ages of 18 and 19. This is because younger drivers are seen by most auto insurance companies as riskier to insure due to their overall inexperience behind the wheel.

How do I stop paying so much for insurance?

Here are some ways to save on car insurance1
  1. Increase your deductible.
  2. Check for discounts you qualify for.
  3. Compare auto insurance quotes.
  4. Maintain a good driving record.
  5. Participate in a safe driving program.
  6. Take a defensive driving course.
  7. Explore payment options.
  8. Improve your credit score.