The Best Car Insurance Companies for 2022

The best car insurance companies understand your needs and provide affordable coverage you can feel confident about on the road.

MoneyGeek analyzed all these factors and ranked GEICO as the best car insurance in the country, but the best for you may depend on where you live and what you value.

When shopping for a policy, you should consider a company’s costs, available discounts, customer service reviews and claims-filing process. We ranked the top car insurance companies for 2022 at the national and state level using these factors. We recommend browsing our resources for your state to find the best solution for you.

We also ranked the best car insurance companies for specific types of needs, whether you care more about customer service than cost or if you have a history of driving violations.

READY TO FIND THE BEST CAR INSURANCE FOR YOU?

  1. I want to find the best insurance from a major insurer.
  2. I’m looking for the best insurer in my state based on local factors.
  3. I want a company that fits my driving history and needs.
  4. I’m trying to find out the best car insurance shopping strategies.
  5. I want to know MoneyGeek’s methodology to determine the best insurance.

The Best Car Insurance Companies for 2022

MoneyGeek has ranked the best car insurance companies based on several factors, including J.D. Power customer satisfaction ratings, financial stability ratings from AM Best and affordability. Using these metrics, MoneyGeek found that of the big insurers available to most shoppers, the best car insurance companies for 2022 are GEICO and State Farm. GEICO received the highest marks in our scoring system for 24 out of 50 states, while State Farm ranked as the top company in 10 states.

These rankings, and our research on what makes these companies stand out, can help you when shopping for car insurance. Those just looking for the most affordable option can compare this list to our rankings of the cheapest car insurance companies.

MoneyGeek’s Top Pick: GEICO

PROS

  • MoneyGeek’s top-ranking insurer in 24 states
  • Affordable full coverage policies with an average rate of $1,047 per year
  • Excellent marks for customer satisfaction and low complaints
  • Top grades for financial stability

CONS

  • Does not offer new car replacement coverages, so drivers with brand new vehicles may want to look elsewhere
COMPANY HIGHLIGHTS

GEICO is an excellent choice across the country for those looking to balance service quality and affordability. Customer complaint rates are relatively low, satisfaction is above average and company rates are affordable. You may be able to get even lower rates considering that GEICO offers almost all the major car insurance discounts like bundling, multi-vehicle, safe-driving and anti-theft technology discounts.

GEICO also has nearly all the common add-on coverages offered by other insurance companies, such as roadside assistance, rental car reimbursement and accident forgiveness. And unlike most insurers, it offers mechanical breakdown insurance, a car warranty coverage option that covers car repair problems after your car warranty expires.

However, GEICO might not be the best option for those with a brand new car. The company doesn’t offer new car replacement coverage, which allows those with new models to be fully reimbursed for a brand new car after an accident. Without this, you’ll only be reimbursed for the depreciated value of your vehicle.

Read MoneyGeek’s GEICO Auto Insurance Review

Runner-Up: State Farm

PROS

  1. Fewer complaints than GEICO, though both companies score well
  2. Received the highest possible financial stability rating

CONS

  1. Not as affordable as GEICO, with a full coverage policy costing an average of $1,047 per year
  2. Like GEICO, it doesn’t offer new car replacement coverage
COMPANY HIGHLIGHTS

State Farm is another large, affordable insurer with an excellent customer service reputation. In fact, it has a lower complaint rate than GEICO and may even be a cheaper option depending on where you live. You can save even more on your monthly bill by bundling with State Farm’s home insurance.

State Farm does not offer much in the way of unique coverages: you’ll mostly find standard car insurance coverages and common add-ons such as roadside assistance and rental car expense coverage. Although it offers few unique perks, you’re more likely to get good value with State Farm than most other major insurers. State Farm does offer rideshare insurance — coverage not available from all companies — making it a great choice for those who work for Uber or Lyft.

Like GEICO, State Farm doesn’t offer new car replacement coverage, so it may not be the best option for those with brand new cars who are worried about getting value back if they get into an accident soon after their car purchase.

Read MoneyGeek’s State Farm Auto Insurance Review

The Top Car Insurance Company in Your State

Because insurance is regulated at a state level, MoneyGeek ranked the best car insurance in each state based on local pricing and regional J.D. Power scores. Excluding USAA, which is not available to most drivers, GEICO most frequently ranked as the best insurer in a state (24 times). State Farm, which ranked as the best insurer in 10 states, came in second. Erie is also an excellent option if you’re in one of the 12 states it does business.

Click on your state to learn more about the best car insurance company where you live. It’s crucial to compare auto insurance products and quotes based on where you live because insurers may offer different rates, coverages and features across state lines.

THE BEST CAR INSURANCE COMPANIES BY STATE – EXCLUDING USAA
State Top Company
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming