Whether you’re a senior, a new driver, or even someone with a DUI
No one wants to pay more than they have to for car insurance, but how do you know which companies are inexpensive and which ones are pricey? The cost of your auto insurance depends heavily on factors like your age, driving history, and credit score, so the cheapest company for one person may not be the same for everyone. That’s why we’ve broken down the cheapest company for every situation below.
If you were involved in a car accident that wasn’t your fault, your premiums won’t go up.
Pay-per-mile insurance is a type of usage-based insurance also known as pay-as-you-drive insurance. As a market, usage-based insurance was worth $19.6 billion in 2021 and is projected to grow to $66.8 billion by 2026.1
No matter which company you choose, take advantage of car insurance discounts, from low mileage to paperless billing. Many people don’t realize how much they could be saving for the most affordable car insurance!
Even drivers with poor credit can find the cheapest car insurance company in terms of average rates. Sure, people with good credit will have cheaper car insurance than those with bad credit or a speeding ticket, but you can still find the cheapest insurers for your situation. No matter your ZIP code or driver profile, you can find liability insurance that’s close to or below the national average annual cost of full-coverage insurance, which was $1,202 in 2000.5
Usage-Based Insurance Market for ICE & Electric Vehicle by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Black box, Smartphone, Embedded), Vehicle Age (New, Old), Device Offering (BYOD, Company Provided) and Region – Global Forecast to 2026. Research and Markets. (2021, June).
Driving & Transportation FAQs. Recovery Ohio. (2021).
SR-22 Information. Oregon Driver & Motor Vehicle Services. (2021).
Financial Responsibility Certifications. Virginia Department of Motor Vehicles. (2021).