Top 10 Cheapest Car Insurance Companies in 2024
Let’s explore the top 10 cheapest Car Insurance Companies. In the realm of auto insurance, finding the most suitable and affordable coverage is very crucial. To consideration for drivers of varying ages and backgrounds. Delving into the data for different age groups. This article examines the cheapest Car Insurance Companies in 2024 for drivers across different demographics in 2024.
From the 17-year-old drivers to the considerations for 25 and 30-year-olds with clean records. This analysis highlights the rankings and average annual rates provided by leading insurance companies. Understanding the insurance rates is pivotal when selecting the right insurance coverage that fits their needs and budgets.
What Is The Cheapest Car Insurence Company?
USAA is the cheapest car insurance in 2024 in every plan. In order to understand the average annual rates for males and females. For example, average annual rates for 17-year-old males and females are, respectively, from $3,310 (Female) and $3,060 (Male). On the other hand, for a 25-year-old person, the average annual rates are $1,220 (Female) and $1,280 (male). Moreover, for 30-year-old persons, the average annual rates are $1,150 (Female) and $1,160 (Male).
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Top 10 Cheapest Car Insurance Companies For 17 year Old Drivers in 2024
| Rank | Companies | Average Annual Rates (Female) | Average Annual Rates (Male) |
| 1 | USAA | $3,060 | $3,310 |
| 2 | Erie | $3,125 | $3,450 |
| 3 | GEICO | $3,170 | $3,555 |
| 4 | State Farm | $3,235 | $3,960 |
| 5 | American Family | $3,620 | $3,970 |
| 6 | Auto-Ownerss | $4,160 | $4,565 |
| 7 | Traveler | $4,330 | $5,330 |
| 8 | Nationwide | $4,410 | $5,355 |
| 9 | Progressive | $5,080 | $5,570 |
| 10 | Allstate | $6,600 | $7,450 |
This table shows the top 10 cheapest Car Insurance Companies in 2024 for 17-year-old drivers in 2024. The ranking is based on the average annual rates for both female and male drivers. At the top of the list is USAA, offering rates around $3,060 for females and $3,310 for males annually.
Following closely are Erie and GEICO, with average yearly rates ranging from $3,125 to $3,555. State Farm, American Family, Auto-Owners, Traveler, Nationwide, Progressive, and Allstate complete the list, with rates varying between $3,235 to $7,450 annually for this age group. These rates may fluctuate based on individual circumstances, driving history, and location.
Top 10 Cheapest Car Insurance Companies For 25 years old with Clean Record
| Rank | Companies | Average Annual Rates (Female) | Average Annual Rates (Male) |
| 1 | USAA | $1,220 | $1,280 |
| 2 | GEICO | $1,350 | $1,360 |
| 3 | Erie | $1,370 | $1,380 |
| 4 | State Farm | $1,380 | $1,510 |
| 5 | Travelers | $1,455 | $1,515 |
| 6 | Auto-Owners | $1,590 | $1,660 |
| 7 | American Family | $1,620 | $1,665 |
| 8 | Nationwide | $1,730 | $1,850 |
| 9 | Progressive | $1,885 | $1,930 |
| 10 | AAA | $2,200 | $2,450 |
This table presents the top 10 cheapest Car Insurance Companies in 2024. This is for 25-year-old drivers with a clean record in 2024. USAA ranks first, offering the lowest average annual rates at $1,220 for females and $1,280 for males.
Following closely are GEICO and Erie, with rates ranging from $1,350 to $1,380 annually. State Farm, Travelers, Auto-Owners, American Family, Nationwide, Progressive, and AAA complete the list, providing rates varying between $1,380 to $2,450 annually for this demographic. Keep in mind that individual circumstances, location, and coverage needs may affect these rates.
Top 10 Cheapest Car Insurance Companies For 30 Year old With A Clean Record
| Rank | Companies | Average Annual Rates (Female) | Average Annual Rates (Female) |
| 1 | USAA | $1,150 | $1,160 |
| 2 | GEICO | $1,305 | $1,310 |
| 3 | Erie | $1,365 | $1,375 |
| 4 | Auto-Owners | $1,370 | $1,380 |
| 5 | Nationwide | $1,405 | $1,415 |
| 6 | State Farm | $1,500 | $1,515 |
| 7 | American Family | $1,665 | $1,680 |
| 8 | Travelers | $1,690 | $1,695 |
| 9 | Progressive | $1,770 | $1,785 |
| 10 | Allstate | $2,140 | $2,180 |
This table displays the top 10 cheapest Car Insurance Companies in 2024 for 30-year-old drivers with a clean record. USAA leads the list with the lowest average annual rates at $1,150 for females and $1,160 for males.
Following USAA are GEICO and Erie, offering rates ranging from $1,305 to $1,375 annually. Auto-Owners, Nationwide, State Farm, American Family, Travelers, Progressive, and Allstate complete the list, providing rates varying between $1,370 to $2,180 annually for this demographic. Remember, individual factors such as location and coverage needs can influence these rates.