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Geico and USAA are among the insurance companies that are cheaper than Allstate. Allstate car insurance has an average annual premium of $1,262 per year for minimum coverage, compared to $796 per year for Geico and $807 per year for USAA.
Car Insurance Companies Cheaper Than Allstate
Insurer | Average Premium for Minimum Coverage | Average Premium for Full Coverage |
Allstate | $1,262 per year | $3,666 per year |
Geico | $796 per year | $2,886 per year |
USAA | $807 per year | $2,802 per year |
Travelers | $893 per year | $3,518 per year |
AAA | $979 per year | $5,509 per year |
Progressive | $1,033 per year | $4,041 per year |
Note: Rates are an approximation based on a driver in California. Actual rates will vary.
For more information about Allstate, check out WalletHub's full Allstate review.
This answer was first published on 10/23/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
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State Farm, Geico, and Progressive are better than Allstate, based on factors like average premiums, number of discounts available, and customer service record. Geico is also one of six top-10 car insurance companies that are cheaper than Allstate, on average, along with State Farm, USAA and Progressive.
How Allstate Compares to Popular Alternatives
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Allstate is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Allstate costs an average of $105 per month, and Allstate premiums can be made even cheaper by taking advantage of discounts such as paid-in-full discount and anti-theft device discount. Plus, Allstate rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.
Average...
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The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.
10 Ways to Get Cheaper Car Insurance
1. Compare quotes every 6-12 months.
Every car insurance company calculates premiums slightly differently,...
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FAQs
Progressive is also generally cheaper than Allstate. It even has low average rates for those with a DUI on their driving record. Allstate is also the most expensive insurance option of the ranked companies, according to our data. However, there are areas where Allstate stands out.
Who has better rates than Allstate? ›
Geico, we found that Geico offers cheaper auto insurance on average. We gave Geico 9.1 out of 10.0 points in the cost category in our industry-wide insurance review, while Allstate earned 7.4 points. But Geico doesn't just offer lower rates than Allstate.
Is Allstate the most expensive insurance? ›
Candace Baker, Car Insurance Writer
Allstate's premiums may also reflect how competitively Allstate agents are paid, but at $781 per year, the average Allstate car insurance policy is actually cheaper than coverage from most competitors. In fact, Allstate is one of the cheapest car insurance companies nationally.
Which insurance company is usually the cheapest? ›
The cheapest car insurance rate is $38 a month from Geico according to our research team's cost analysis of national average prices for minimum coverage. The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.
Who is Allstate biggest competitor? ›
State Farm is the largest auto insurance company in the U.S., with 18% of the market. Other big car insurance companies include Progressive, Geico and Allstate.
Is Allstate or Progressive cheaper? ›
In terms of car insurance costs, Allstate is more expensive than other top competitors like Progressive, Geico and State Farm. In the category of affordability, we rate Progressive 7.8 out of 10.0 stars and Allstate 7.4 out of 10.0 stars.
Why is my Allstate quote so high? ›
Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age and your driving record.
Is Allstate or Geico more expensive? ›
Geico and Allstate are both reasonably priced insurers for most drivers, but there are some clear differences when it comes to the average cost of their policies. As you can see in this chart, Geico is the cheaper of the two for the average driver.
Who is more expensive, State Farm or Allstate? ›
State Farm's average homeowners insurance quotes are 5% cheaper than Allstate's rates. State Farm charges an average of $2,427 a year for a typical home, or $202 a month. Allstate's rate averages $2,560 a year, or $213 a month. Both companies' rates are cheaper than the national average.
Can you negotiate with Allstate? ›
If Allstate Insurances's initial offer is lower than you believe your vehicle is worth, you can prepare to negotiate. It's important to present facts that support your claim.
Geico offers the cheapest car insurance for minimum coverage, followed by Travelers and State Farm. Ben Moore is an assistant assigning editor and spokesperson who joined NerdWallet as a writer in 2020.
Who is cheaper, Geico or Progressive? ›
Geico's rates are typically lower overall, but Progressive tends to offer better prices to high-risk drivers. High-risk drivers are those with a recent DUI, at-fault accident or speeding ticket on their driving record. Of course, costs vary by driver, and your rates are determined by a number of factors, including: Age.
What type of car insurance is cheapest? ›
Typically, fully comprehensive insurance is the least expensive, though prices are influenced by individual circ*mstances.
Who took over Allstate? ›
Everlake U.S. Holdings Company purchased Allstate Life Insurance Company (ALIC), which issued structured settlement annuities in states than New York, and Allstate Assurance Company (AAC) on November 1, 2021. ALIC and AAC had been serving customers since 1957 and 2015, respectively.
What is the #1 insurance in America? ›
1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market. The figure is equivalent to over $8 billion more in direct written premiums compared to the next-ranked insurer.
What companies are similar to Allstate? ›
At first glance, it can be hard to differentiate between top auto insurance companies. Well-known insurers like Allstate, Geico, Progressive and State Farm all have large market shares with broad policy options, competitive rates and personalized features.
What are the top 5 insurance rating agencies? ›
Five independent agencies—A.M. Best, Fitch, Kroll Bond Rating Agency (KBRA), Moody's and Standard & Poor's—rate the financial strength of insurance companies. Each has its own rating scale, its own rating standards, its own population of rated companies, and its own distribution of companies across its scale.
Who is the most trusted insurance company? ›
Best Car Insurance Companies of June 2024
| Best car insurance category | Company winner |
|---|
| Best insurance company overall | Travelers |
| Best insurance company for affordability | NJM |
| Best insurance company for accident forgiveness | Geico |
| Best insurance company for having few customer complaints | American Family |
4 more rows6 days ago
The insurance company with the highest customer satisfaction is Geico, according to WalletHub's analysis of factors such as J.D. Power customer satisfaction ratings and the NAIC complaint index. Geico also is one of the cheapest major insurance companies.
