To provide an easy-to-use shopping and comparison tool for consumers, we calculated a Bankrate Score out of 5.0 total points. The higher a company’s Bankrate Score, the more competitively that company ranked in each scoring category. Our picks highlight auto insurers that:

  • Generate a 4.0 or higher Bankrate Score
  • Earn a J.D. Power Claims Study customer satisfaction score within 20 points of the industry average or higher
  • Carry an “Excellent” or “Superior” financial strength rating from AM Best
  • Have a strong digital presence with a consumer-friendly mobile app or digital policy management features
  • Are deemed “best” by Bankrate in a particular market category

Details: Top auto insurance companies in 2021

USAA: Best car insurance company overall

Why this company made our list: With the highest Bankrate Score of the auto insurers Bankrate analyzed, nationwide availability for active-duty military, veterans and their families, plus top-tier customer service, USAA easily makes our list of best car insurance companies for October 2021. Available only to current or former military members and their families, USAA is a top scorer in J.D. Power customer satisfaction surveys, has impeccable financial strength as rated by AM Best, S&P and Moody’s, and still manages to provide some of the lowest-priced auto insurance quotes in the industry.

Why USAA is best overall for car insurance: USAA earns top marks from all major third-party agencies for customer service and financial strength. Coupled with having the lowest average full coverage premium on our list, military and veteran families are privy to multiple coverage options, rewards, and discounts, including unique circumstances like deployment for active-duty members. While not all drivers may qualify for coverage from USAA, the company is a standout for millions of military families across the country.

Who this may be best for: policyholders seeking military-related coverage

Average annual full coverage car insurance rates

Clean record One speeding ticket One accident Average credit
USAA $1,225 $1,463 $1,742 $1,277
National average $1,674 $2,062 $2,311 $1,865

State Farm: Best car insurance company overall

Why this company made our list: WAs the largest national auto insurer based on market share, State Farm’s reach and reputation easily lend itself to being one of the best car insurance companies for drivers in any state. Its extensive local agent network showcases its customer-first approach to providing a variety of personal and commercial insurance products to consumers.

Why State Farm is best overall for car insurance: State Farm receives the highest Bankrate Score among carriers available nationally to all drivers. The company boasts over 19,000 licensed insurance professionals, available in communities across the U.S., who can offer guidance to those who value expert insight when discussing their policy. Digital management options allow for an on-the-go approach, including a highly rated mobile app where you can file auto claims and contact your agent.

Who this may be best for: policyholders seeking top-rated insurance coverage from local agents

Average annual full coverage car insurance rates

Clean record One speeding ticket One accident Average credit
State Farm $1,457 $1,590 $1,657 $1,656
National average $1,674 $2,062 $2,311 $1,865

Clearcover: Best car insurance company for digital presence

Why this company made our list: Clearcover’s technology-driven car insurance is reinventing the insurance landscape, making it a clear contender for any driver seeking the best modern auto insurance experience. The insurance company’s digital approach allows it to sell highly affordable policies.

Why Clearcover is best for digital presence: Although only currently available to drivers in 16 states, Clearcover is disrupting the auto insurance market by putting technology in the spotlight. The carrier uses artificial intelligence-based digital tools to its advantage, revamping how car insurance is quoted, purchased, and serviced. Clearcover’s highly-rated mobile app puts control over managing policies directly in users’ hands. The streamlined approach enables Clearcover to pay most auto claims in less than a week, with some even being eligible for same-day processing.

Who this may be best for: policyholders seeking a technology-driven insurance experience


You May Also Like