Auto insurance

State Farm wins cheapest (non-military) car insurance – saving drivers up to $2,000 a year – InsuranceNewsNet

TAMPA, Florida., October 28, 2022 /PRNewswire/ — AutoInsurance.org recently revealed its list of best auto insurers for 2022. USAA was the only insurer to offer lower average premiums than state farmbut their coverage is not accessible to the general public.

Each of these top 10 car insurance providers is worth considering when comparing policies.

Here’s how the premiums of the top 10 insurers compare:

  • Allstate- $4,533
  • American family – $3,699
  • Farmers – $3,908
  • GEICO- $3,074
  • Liberty Mutual – $5,296
  • At national scale – $3,187
  • Progressive – $3,935
  • state farm$2,732
  • Travelers – $3,729
  • USAA (Military families) – $2,490

American Family’s rates are closest to the national average. Liberty Mutual and Allstate have the highest rates of the top 10 insurers, but they offer perks that keep their customers satisfied and loyal.

When comparing auto insurance companies, consumers should pay close attention to customer satisfaction ratings. AutoInsurance.org shared that only farmers and USAA had an above-average claims satisfaction rate among the top 10 companies. Liberty Mutual had the lowest score, below average. The rest of the top 10 ranked in the middle range.

The 10 insurance companies on AutoInsurance.org’s list all have excellent or better financial ratings, indicating that they are likely to remain solvent and able to pay customer claims.

The report also shares average car insurance claim amounts:

  • Civil liability action for property damage: $3,231
  • Liability action for bodily injury: $15,443
  • Collision claim: $3,144
  • Overall claim: $3,144

Melanie Mussona nationally recognized car insurance expert at AutoInsurance.org, explains, “Some people think paying for car insurance is a waste of money, but damage and injury to vehicles can be expensive and insurance is one of the best ways to protect a driver’s financial stability.

“Any of these top 10 car insurance providers are worth considering when comparing policies.”

Read the full report here: Best car insurance companies for 2022.

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SOURCEAutoInsurance.org