Securing an economical car insurance is a bit of a risky business. However, it’s not affordable for everyone to add an additional insurance coverage. Also, some customers just opt for the minimum, for such cases, having the state-mandated insurance coverage is the best option to consider other than having no insurance at all.
This article can be helpful if you are looking for a fair discount on auto insurance so that the burden on such cases can be lowered along with the satisfaction of being covered by an insurance scheme. Today 28 different companies offer various kinds of coverage under auto insurance available anywhere in the country. As the list turns out, the car insurance market seems dominated by three top insurance service providers namely, GEICO, State Farm and Progressive. Among these three, GEICO is found to be the clear winner. It has to be noted that individual rates vary with each customer.
GEICO
GEICO stands on the top row among the companies to offer the cheapest option in nineteen of the fifty states. GEICO is one of the three most popular choices for cheap auto insurance and discount on auto insurance, scoring 75% advantage in comparison. The best hope from GEICO is often more than a hundred dollar less expensive than the second best following competitor. Considering the best offer from GEICO which is $399 is much affordable for the common man than $538 which is the best offer from the Allstate at the annual quotes for New York.
When it comes to the field of customer service ratings, GEICO has very less to say. It just falls under the industry average as per the JD power. But GEICO is the first choice for you if you are dead-set on purchasing the cheapest insurance that you can find on the market.
State Farm
Expensive insurances can be made simpler with the help of discounts on auto insurance and by getting more competitive rates with State Farm. The quotes of State Farm easily available online or you can get your reasonably priced insurance coverage by contacting an agent. The point to be noted is that the discounts on auto insurance vary across the states. State Farm offers safe driver discount schemes like an accident-free discount, student away at school discount, defensive driving course discount, the driver training discount, good driving discount and good student discount. Along with the safe driver discounts, State Farm’s safe vehicle discounts are a great choice to consider. For the vehicles made before 1994, vehicle safety discount is applicable. Passive restraint discount for 1993 is applicable for older vehicles that are equipped with factory installed airbags. They can also receive 40% discount on related medical coverage. Anti-theft discounts are eligible for those customers whose vehicle has an alarm or any other sort of approved anti-theft device.
State Farm has a lower overall score compared to GEICO. In many offers, State Farm surprises their customers by giving GEICO like rates. The best two examples of this are South Carolina and Minnesota. State Farm was more than $100 cheaper when compared to American Family in Minnesota, and State Farm beats GEICO by a surprising $223 margin at South Carolina.
Keeping the quotes and rates aside, State Farm is the largest auto insurer in the country and its brands consistently high for its customer satisfaction and receives above-average rates in almost all the regions of JD Power Survey. State Farm also has earned AM Best’s top marks of A++ for its financial strength. Along with that, State Farm offers the best tools than any of its competitor gives, responsive facilities including discount on auto insurance, mobile claim filling, mobile bill payment and pay by bank account option. State Farm could be a better choice if you prefer to spend a few extra dollars each month on your auto insurance.
Progressive
Progressive Casualty Insurance Company is an automotive insurance service provider that serves almost all states across the nation. Progressive is popular for its insurance premiums affordability and overall customer satisfaction. In comparison with the other two giant competitors, Progressive manages to get into the top in seven states. At the top position, Progressive seems successful in providing quotes at a difference of $20 from its next following competitor GEICO. However, that doesn’t mean Progressive can never be a viable auto insurance option. Apart from the satisfactory customer service, Progressive insurance customers could take advantage of loyalty discounts, prepay discounts, discounts on auto insurance, mobile claims filling and most importantly, the low mileage discounts that the other auto insurance companies fail to offer.
Progressive offers the usual standard auto insurance coverage such as the medical payments or personal injury protection, bodily injury liability, uninsured motorist, collision, comprehensive physical damage and property damage liability. In addition to that, Progressive also offers special coverage options like roadside assistance, car rental (up to 30 days) and accessories insurance coverage.
