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Cheapest Car Insurance of December 2023

The Cheapest Car Insurance of December 2023 includes USAA, Auto-Owners, Westfield, Geico, and Travelers, offering budget-friendly rates for good drivers.

by Kowsalya

Updated Dec 21, 2023

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Cheapest Car Insurance of December 2023

Cheapest Car Insurance of December 2023

As the fall season progresses, car insurance premiums are anticipated to continue rising, underscoring the importance of comparing insurance quotes to secure budget-friendly rates. Consumers must explore their options and find affordable coverage amid these ongoing increases.

Here is the list of Cheapest Car Insurance of December 2023:

USAA $1,412 $118
Auto-Owners $1,628 $136
Westfield $1,759 $147
Geico $1,716 $143
Travelers $1,852 $154


USAA is renowned for its top-notch service and is highly rated It offers car insurance with an average annual cost of $1,412 for good drivers, translating to a monthly cost of $118. USAA primarily caters to military personnel and their families.


Auto-Owners is recognized for its strength. The company offers car insurance to good drivers with an average annual cost of $1,628, which equals a monthly cost of $136. Auto-Owners is known for its personalized approach to insurance.


Westfield boasts good drivers, their car insurance comes with an average annual cost of $1,759, amounting to a monthly cost of $147. Westfield provides insurance solutions with a focus on customer satisfaction.


Geico holds and offers car insurance to good drivers at an average annual cost of $1,716, or $143 per month. Geico is one of the nation's largest insurers and is recognized for its widespread coverage.


Travelers carry the average annual cost for good drivers is $1,852, resulting in a monthly cost of $154. Travelers is a well-established insurance provider offering a range of coverage options.

Related >>How to Save Money on Car Insurance?

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Cheapest Car Insurance by State

The definition of affordable auto insurance can vary significantly based on your location since rates differ from state to state. To facilitate a comprehensive comparison, we have identified the cheapest car insurance company, on average, for minimum coverage in each state and Washington, D.C.

However, state averages can provide only a limited perspective. Car insurance rates for minimum coverage can also vary within a state. To account for this, NerdWallet has conducted an analysis of rates for some of the largest cities in the United States. This additional level of detail allows for a more nuanced understanding of the variations in car insurance pricing.

Here is a table displaying the cheapest car insurance companies and their corresponding average annual rates for each state:

State Average Annual Cost for Full Coverage Car Insurance
Alabama $1,809
Alaska $2,323
Arizona $1,696
Arkansas $2,061
California $2,462
Colorado $2,489
Connecticut $1,730
Delaware $2,462
Florida $4,326
Georgia $2,181
Hawaii $1,633
Idaho $1,021
Illinois $2,345
Indiana $1,454
Iowa $1,238
Kansas $1,693
Kentucky $1,979
Louisiana $3,629
Maine $1,216
Maryland $3,349
Massachusetts $2,333
Michigan $2,995
Minnesota $2,360
Mississippi $1,704
Missouri $2,323
Montana $1,770
Nebraska $1,538
Nevada $3,342
New Hampshire $1,411
New Jersey $2,240
New Mexico $2,104
New York $4,769
North Carolina $1,307
North Dakota $1,319
Ohio $1,112
Oklahoma $2,291
Oregon $1,459
Pennsylvania $3,600
Rhode Island $2,715
South Carolina $2,387
South Dakota $1,821
Tennessee $1,720
Texas $2,938
Utah $1,955
Vermont $1,037
Virginia $1,486
Washington $1,829
West Virginia $1,688
Wisconsin $1,905
Wyoming $1,341

Navigate the multifaceted world of financial protection with the MarketsHost comprehensive Insurance category, designed to empower you.

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How to Find Cheap Car Insurance Coverage?

Getting the right car insurance that's both good and affordable can be a bit tricky. But don't worry, we're here to help! In this guide, we'll show you how to find cheap car insurance that covers what you need without costing too much. We'll go through easy steps, like figuring out what coverage you really need and finding discounts that can save you money. Let's explore together and make finding affordable car insurance a whole lot easier!

Steps to Find Cheap Car Insurance Coverage

Finding cheap car insurance coverage involves a combination of understanding your needs, comparing quotes from multiple insurance companies, and exploring various discounts. Here's a simplified breakdown:

Identify Your Coverage Needs

  • Determine the coverage, limits, and deductibles you need.
  • Ensure you compare policies with the same coverage to avoid misleadingly cheap options.

Get Quotes from Multiple Companies

  • Shop around online or contact agents to obtain quotes from various auto insurance companies.
  • Rates can vary, and different companies may offer better deals based on your specific profile.

Review Your Coverage Periodically

  • Regularly assess your coverage choices, limits, and deductibles to ensure they still fit your situation.
  • Consider dropping unnecessary coverage to save money.

Reconsider Your Deductible

  • Adjusting your deductible can impact your premium. A higher deductible often leads to lower costs.
  • Evaluate the balance between potential savings and out-of-pocket expenses.

Review Car Insurance Discounts

  • Ensure you're aware of all applicable discounts, both automatic and those you need to inquire about.
  • Examples include low-mileage discounts, good student discounts, and paperless billing discounts.

Look for Bundling Discounts

  • Bundle auto insurance with other policies, such as home or renters insurance, for potential discounts.
  • Bundling often results in savings, so explore package deals from the same insurance provider.

Consider Payment Methods

  • Paying your premium in full upfront often results in a discount.
  • Explore electronic payment transfer options for potential discounts.

Explore Other Insurers

  • If your current insurer doesn't offer significant discounts, consider shopping around for a new one.
  • Other insurers may provide better discounts and overall cheaper coverage.
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What is Car Insurance?

Car insurance is a crucial form of property and casualty coverage, providing financial protection in the event of car accidents, damages, or theft. It operates on the principle of indemnity, requiring policyholders to pay a premium in exchange for coverage of associated expenses, such as repairs and medical bills. While liability coverage is typically mandatory, additional options like uninsured motorists and comprehensive coverage offer extra protection.

Understanding these coverages and choosing add-ons based on individual needs is essential for tailoring policies to specific requirements. In essence, car insurance is a vital tool for mitigating financial risks on the road.

How Does Car Insurance Work?

Car insurance functions as a vital financial safeguard, offering protection in various scenarios like accidents, theft, or damages. Depending on your chosen policy, it can cover expenses related to injuries, property damage to others, or repairs to your vehicle. The intricacies of how car insurance works vary based on state laws, selected coverages, and the insurance provider.

Mandatory in most states, car insurance often includes liability coverage, ensuring that you can meet minimum requirements. Optional coverages like uninsured motorist, comprehensive, and collision further tailor protection. Understanding the nuances of these coverages is crucial for informed decision-making, enabling individuals to customize policies to their specific needs.

What Are the Pros and Cons of Car Insurance?

Pros of Car Insurance

  • Car insurance helps cover repair costs after an accident, saving you from a big financial hit.
  • Protects you from financial responsibility if you cause injury or damage in an accident.
  • Mandatory in most places, ensuring everyone has at least basic coverage.
  • Some policies include coverage for accident-related medical expenses.
  • Knowing you're insured reduces stress about potential financial losses.

Cons of Car Insurance

  • Premiums can be expensive, and not everyone can afford comprehensive coverage.
  • You pay a deductible before insurance kicks in, which can be a financial burden.
  • Policies can be complex, leading to confusion about coverage details
  • The claims process can be time-consuming, and disputes may arise.
  • Insurance companies may raise premiums after an at-fault accident, costing you more.

Cheapest Car Insurance of December 2023 - FAQs

1. Is State Farm the cheapest car insurance company for good drivers?

Yes, according to the analysis, State Farm offers the lowest rates for good drivers.

2. What is the average monthly rate for car insurance with State Farm?

The average monthly rate for State Farm car insurance is $37 for minimum coverage.

3. How can I find the most budget-friendly car insurance?

To find affordable car insurance, compare quotes, prioritize your needs, and explore discounts.

4. What factors can impact car insurance costs?

Factors like credit score, driving history, and location can impact insurance rates.

5. Which company provides cheap car insurance for young drivers?

Travelers is among the most affordable car insurance options for young drivers with an average monthly rate of $86.

Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.