Best Car Insurance Companies Of 2022

We surveyed more than 10,000 drivers to learn more about their car insurance experience. Using that data, we rated the best car insurance companies of 2022 to help you find the best one. USAA and State Farm lead the pack, but you may find a better fit with one of the other eight companies in our rating.

Amica Mutual 

Amica Mutual’s Platinum Choice Auto policy has one of the most robust car insurance packages we found. The company has had the highest score in the New England region for nine years in a row. Amica received a solid score of B+ in the CRASH report card for 2022. Amica was founded in 1907 by A.T. Vigneron and originally offered auto, fire and theft insurance.

It is the oldest mutual insurer of automobiles in the United States. Amica opened its first branch office in 1941, and now has 44 locations nationwide. The company added homeowners’ insurance in 1956, and later added marine and umbrella insurance.

Progressive 

Your Price tool allows drivers to shop for coverage according to their budget. The company’s Snapshot app monitors your driving habits and gives you feedback on safe driving. Discounts depend on whether you buy online or over the phone, and depending on where you live. The Progressive Corporation is the No. 1 commercial auto insurer in the United States. It was formed in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield Village, Ohio.

The company is ranked No. 74 on the 2021 Fortune 500 list of the top American corporations. Progressive is one of the largest auto insurers in the United States. It competes with State Farm, Allstate, GEICO, Nationwide Mutual Insurance Company, Farmers Insurance Group, and USAA. Progressive primarily offers its services through the internet or by telephone and through independent insurance agents.

State Farm

State Farm offers great savings for teenage drivers with discounts for good grades, being away at school, taking driver training (up to 20%) and good driving habits. Mobile app allows policyholders to request roadside assistance, pay bills and file claims from anywhere. J.D. Power ranked State Farm as the best car insurer in New York, Florida and the Northwestern region. State Farm was founded in 1922 as an automobile insurance company.

It has since expanded into banking and financial services. As of December 2017, State Farm had 70,000 employees and 19,000 agents. The bank opened in May 1999 and is operated by a subsidiary of State Farm. The State Farm interlocked red tri-oval logo was created in the mid-to-late 1940s. For nearly 60 years, this design was critical to its brand image. The new logo was introduced January 1, 2012, in celebration of the company’s 90th anniversary.

Farmers 

Farmers Insurance offers discounts specifically for teachers, healthcare workers and other first responders. The company does not offer gap insurance to provide the total replacement cost of a new car. Farmers has a low ratio of complaints filed with the National Association of Insurance Commissioners. It was awarded Second Best in the Central region in the 2021 J.D. Power Auto Insurance Customer Satisfaction study.

Nationwide 

Nationwide offers its policyholders a free annual car insurance assessment. SmartRide, a usage-based option for good drivers, and SmartMiles, designed to reduce rates for low mileage drivers. Despite the industry standard of dramatically increasing rates when adding teen drivers, Nationwide’s price hikes are lower than average. Nationwide Financial Services (NFS) was partially floated on the New York Stock Exchange prior to being repurchased by Nationwide Mutual in 2009. Nationwide currently has approximately 25,391 employees.

It is ranked #76 in the 2019 Fortune 500 list and #25 in Fortune’s “100 Best Companies to Work For”. In 1935, Farm Bureau Mutual acquired the Life Insurance Company of America from the bankrupt fraternal insurer, American Insurance Union. Since 1988, Nationwide has added the following to its presence in Downtown Columbus: Plaza Two, Plaza Three, Plaza Four (Front Street), 275 Marconi, and 10 West Nationwide.

GEICO

GEICO’s mobile app has an excellent 4.8 out of 5 rating with almost three million reviews in Apple’s App Store. Good drivers can benefit from the company’s usage-based program, DriveEasy. The company is one of only two on our list with a dedicated discount for military members. GEICO was formed in 1936 by Leo Goodwin Sr. and his wife Lillian Goodwin to sell auto insurance directly to federal government employees. GEICO is a wholly owned subsidiary of Berkshire Hathaway.

It provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders. The Goodwins moved GEICO from Texas to Washington, D.C. in 1937. In 1948, the Rhea family sold its 75% stake of GEICO to a coalition of investors. From 1948 to 1958, GEICO’s market capitalization grew almost 50 times.

GEICO was briefly the fifth-largest U.S. auto insurer. During the 1973–75 recession, GEICO reported a US$126.5 million loss. A consortium of 45 insurance companies agreed to take over a quarter of its policies. It took five years (during which the company shrank significantly) to recover.

Allstate 

Allstate’s telematics program, Drivewise, offers policyholders a chance to get cashback every six months by driving safely. Milewise is a pay-per-mile insurance option that could help infrequent drivers save from 20% to 70% on premiums. In 1925, Sears held a national contest to decide the name of a new brand of car tires. After over two million name submissions, “Allstate” was chosen. The company’s “You’re in Good Hands with Allstate” slogan was created by Davis W. Ellis.

Allstate began selling insurance to Canadians in 1953. Allstate Insurance Company of Canada was incorporated in 1964. The company’s home office was moved from Skokie to Northbrook, Illinois in 1967. In 1991, the company went public before becoming completely independent in 1995.

USAA 

The United Services Automobile Association (USAA) is a San Antonio-based diversified financial services group of companies. Active service members can benefit from a vehicle storage discount of up to 60% while on deployment and up to 15% on comprehensive coverage when garaging their vehicles on base. USAA was founded in 1922 by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance. It was originally called the United States Army Automobile Association.

Most of its business is conducted over the Internet or telephone using employees instead of agents. In 2015, USAA employed more than 32,000 people at its offices throughout the world. USAA held over $62.549 billion in deposits with more than 6.3 million accounts. The Charles Schwab Corporation announced it would acquire USAA’s investment and brokerage accounts for $1.8 billion.

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