Companies with the Cheapest Auto Insurance Quotes

The companies with the cheapest auto insurance quotes are Esurance, Progressive, Nationwide, Geico, and The General. These five car insurance providers price their rates much lower than all others do.

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Locating inexpensive car insurance is very simple these days. Practically everyone promises rock-bottom prices. However, to qualify for the lowest rates, you need to be in a low-risk category. That is the requirement.

Esurance, Progressive, Nationwide, Geico, and The General are indeed the least costly providers.

On average, you can save hundreds or even thousands. This is true even if your driving record is not the greatest. The good news is since they have better prices, you may save more by choosing their service. The way customers save with car insurance companies is by applying directly and entering their own information. This assures accuracy and gives you the advantage of reviewing everything at your own pace.

The Reason Esurance Car Insurance Rates are Low

Esurance is a direct auto insurance company. This means the customer works with representatives over the phone or they apply online. This allows their costs to remain low. When a company has less overhead, they can afford stable rates. The customer benefits from these practices. Esurance customizes their packages according to the budget needs of consumers.

In addition, they have a mobile application for iPhones available to download through iTunes. This feature also helps keep their prices low. Allowing their customers to utilize web-based applications is very smart and cost effective. They place the power of decision in their hands.

An Esurance customer can access their account from any location 24 hours a day. They can make policy changes and pay their bill. They can also set up account alerts to receive the latest news. This eliminates excessive telephone inquiries. As a result, their general customer service staff is smaller. They can focus on service issues, sales, and product development.

How Progressive Maintains Their Status

Progressive maintains their status of having the cheapest car insurance by new and innovative techniques. They were the first company to provide drive-in service. They were also the only auto insurance provider to offer premium installment plans. This appealed to those who could not make annual payments. They are all about ease and accessibility.

Progressive continues to outshine their competition by launching new products. In fact, their Immediate Response Vehicle (IRV) and concierge claims process is an original idea. Other car insurance companies try to duplicate their products. However, they are pioneers in the auto insurance industry. This is why customers flock to them. Their diversity allows them to retain larger groups of consumers.

They also have a loyalty rating of 40% according to the Temkin Ratings. This is a huge number. Over one-third of their customers stay true to Progressive. This is a time when switching car insurance seems the norm. However, they find ways to keep their customers happy.

Features like continuous insurance discounts are a major bonus. They apply strictly to long-term customers. They also excuse an accident if you are collision-free for a period of time. All of these small benefits add up over the years.

Their large group of devoted customers keeps their overall costs down. New applicants have the advantage of saving on their insurance quotes. They achieve the perfect balance.

The Low-Down on Nationwide

Nationwide Property and Casualty Insurance Company is a solid provider. Standard and Poor’s  and A.M. Best both rate their financial strength and credit strength with an A+. This means they are smart investors. Their low rates prove this claim.

On average, a new customer who applies for auto insurance can save as much as $400 per year.

They also satisfy 95% of their customers. This occurs because of their multiple benefits. For example, the vanishing deductible option keeps their customers faithful.

They also have a unique claims service. Nationwide auto insurance guarantees your repairs for the life of your vehicle. Not all car insurance providers can make this statement. They also offer sweet discounts that apply to a wider consumer base. Take the paperless billing discount for instance.

When you apply for a free, low priced quote, you have the option of electing this service. Choosing this service allows you an automatic $30 reduction. This applies even if you have installments. Many car insurance companies penalize customers who pay month-to-month.

These fees are known as administration fees and are sometimes called surcharges. Nationwide understands how tight the economy is. They want to encourage their customers to pay how their budgets allow.

They also include a 10% discount in your original inquiry. If you belong to one of their many affiliates or business groups, you qualify. All you do is mention this to the representative. If you apply using the Internet, you just enter the name there.

Another way Nationwide saves money is with their discount finder. This is an automatic review of your premium. Twice per year, they review your information. If you are eligible to receive new discounts, they add them without hesitation. These three features alone can save you hundreds of dollars every year.

This is an excellent feature. In fact, many experts recommend car insurance customers do this. However, Nationwide takes the burden off their customers. You do not have to review your own policy. They do it for you.

Geico’s Bottom Line

Geico’s rates are among the cheapest because of one stark reality. This company is a subsidiary of a much larger corporation, Berkshire Hathaway, INC. If you were not aware, the largest stockholder is Warren E. Buffett.

With a net worth of over $50 million, he is one of the wealthiest men in America. This means Geico is a company that is superbly managed. The top executives scrutinize every detail.

However, the team at Geico does not only focus on the bottom line. On the contrary, their primary goal is customer fulfillment. In fact, they have a customer satisfaction rating of 97%. They want the average consumer to rely on their knowledge of the industry. This helps build trust. As an affiliate company, they have over 1000 business relationships, which allow them special discounts.

One of the reasons why Geico is so successful is they believe in taking care of their own members.

Geico has a special affinity to the military. This is why they provide different rate reductions for this special group. The discounts range from 8% up to 25%.

However, the benevolence does not end there. They also have multiple rewards programs for non-members. Regular customers take advantage of huge savings up to $500 over the competition. In fact, next to Progressive and Nationwide, Geico has the best teen driver discounts.

They also offer a very unique discount many never thought of. The name is the daytime running lights discount. Statistics from the Insurance Institute for Highway Safety show these types of features are beneficial.

It is true, daytime running lights help reduce accidents, cheaply. Vehicles equipped with this option are less likely to have head on collisions. By recognizing this information, Geico proves to be ahead of the pack. They continue to use annual reports and study data. This helps the entire company pass savings onto their customers.

The General’s Secret to Success

While many may have only recently heard of The General, they are not new. This company started writing auto insurance policies in 1963. They specialize in low-cost, affordable premiums.

The secret to their success lies in their diversity. This means they virtually guarantee a policy for everyone. They specialize in finding the best policy at the cheapest rate. For example, seniors over 70 sometimes have difficulty obtaining fair rates. Many car insurance companies may charge more. The General does not consider this age demographic high-risk.

Rather, they look at the age as experience. Their years on the road dictate strong reflex skills. They review the driving history and this determines the cost of the premium. They will also provide non-standard policies at a lower rate. An applicant with a spotty driving record should not feel helpless.

Spend a few minutes with The General auto insurance company. They can place most any driver on the road safely and without damaging their budget. In fact, they provide discounts for all types of payment options. Customers who pay in full receive the highest amount. However, semi-annual and quarterly discounts apply as well.

The Choice is Yours

Now you see the companies with the least costly auto insurance. You have a choice to make. The decision is completely up to you. Take all the time you want to find the best coverage.

Remember every company has pros and cons. Match your needs with one of these for the best results.

Remember, just because their policies are cheap, does not mean they provide sub-standard service. The great point of these companies is they value their customers. The options are varied and appeal to many. You should be able to find a personalized car insurance policy very easily.

The rate you receive should not surprise you. The process should be simple and fast. Most importantly, they should be available when you need them. When the time comes for you to file a claim, your confidence should be high. Accidents are not convenient. However, you should rest easy knowing your provider is only a phone call or click away.

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