If you're looking for affordable car insurance coverage, start your search with these top 10 insurance companies.
1. State Farm
State Farm is a good option for young drivers because it offers low rates, especially for new drivers.
State Farm has been around since 1922 and has more than 18,000 agents in the United States. It’s also the second largest provider of auto insurance in the United States.
The company offers free online quote comparisons to help you find the affordable car insurance coverage that meets your needs and budget.
2. Amica Mutual Insurance Company
Amica Mutual Insurance Company is a mutual company that provides property and casualty insurance products. It was founded in 1887 in Springfield, Massachusetts by a group of women who were concerned about the lack of affordable insurance options available to women.
3. Erie Insurance
Erie Insurance is one of the best car insurance companies for young adults. If you're looking for affordable car insurance, Erie Insurance offers a variety of discounts and plans to fit your needs.
Erie Insurance has been rated as one of the best auto insurers in the nation by J.D. Power and Associates, an independent research firm that studies customer satisfaction with major auto insurance companies. J.D. Power bases its ratings on four factors: claims handling; price; billing; and communication between policyholders and their companies after an accident occurs (1).
4. USAA
USAA is a financial services company that provides insurance, banking, investment and retirement products to members of the U.S. military and their families. USAA has been in business since 1922 and has over 6 million members and employees.
5. Auto-Owners Insurance Group
The Auto-Owners Insurance Group is a Michigan-based insurance company that provides auto, home, life and business insurance. It was founded in 1926 by Louis Gerstner. The company is currently owned by American Financial Group (AFG), one of the largest publicly traded property and casualty insurance groups in the U.S.
Auto-Owners Insurance's headquarters are located in Lansing, Michigan; it has other offices throughout the state as well as locations throughout Ohio, Indiana and Illinois.
6. Nationwide
Nationwide is a Fortune 500 company that offers insurance to individuals, families, and businesses. Founded in 1929, Nationwide has been in business for over 75 years and is currently ranked as one of the largest insurers in the United States. This Fortune 100 company is based out of Columbus, OH, and has more than 3 million employees worldwide.
Nationwide Mutual Insurance Company is also a member of the National Association of Mutual Insurance Companies (NAMIC), an organization comprised of nearly 200 property/casualty mutual insurance companies operating in all 50 states.
7. Progressive
Progressive offers a wide range of auto insurance products and services, including car insurance for teens, students, young adults, and drivers with DUI convictions.
Progressive is one of the largest auto insurance companies in the United States. The company currently provides coverage to more than 13 million insured customers across Canada and the United States through its direct-to-consumer channels (phone and Internet), agents, independent agencies and select retailers.
8. 21st Century and Travelers
21st Century and Travelers
21st Century and Travelers is a joint venture between 21st Century and Travelers Companies. It was formed to write commercial auto insurance in the states where 21st Century Insurance was not licensed. In 2017, all of its business was transferred to Hartford.
9. Travelers Companies
Travelers Companies is the parent company of three property/casualty insurance companies: The Hartford, Travelers Property Casualty Corporation (Coventry), and Stonington Insurance Company.
10. GEICO
GEICO is a car insurance company that offers affordable rates. It was founded in 1936 and is currently owned by Berkshire Hathaway. GEICO is a direct auto insurer, meaning it doesn't rely on agents to sell its policies; instead, policyholders purchase insured services directly from the company itself. This may be more convenient for you than working with an agent who’s trying to make sales quotas, but less expensive policies are typically not available through direct insurance companies like GEICO because they lack agents' commissions.
GEICO has been recognized as one of Fortune Magazine's "World's Most Admired Companies" since 2000, ranking #1 in its industry from 2001to 2009 and again from 2012 to 2013. In addition to its successful business model, they've also received awards for customer service excellence (such as being named 2015 J.D Power & Associates Best Overall Customer Satisfaction among Direct Auto & Homeowners Insurers) as well as being ranked #1 Best Place to Work by Washingtonian magazine seven times since 2005!
As one would expect from this type of company with such high standards: their parent company owns other insurance-related ventures such as Travelers Insurance Company (which makes them America's second-largest property-casualty insurer), CIGNA Health and Life Insurance Company (also known as Chubb Group), MML Investors Services Inc., Mutual Benefit Life Insurance Company (MB Life), Pacific Mutual Holding Co., The Hartford Steam Boiler Inspection and Insurance Co., Hanover Fire Insurance Co., Pacific Indemnity Co., First Reserve Corp..
Here are the top 10 best car insurance companies for young adults in 2022.
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There comparison engine allows you to compare multiple providers in one place, allowing for better visibility into what the market has to offer and making it easy for you to find the best deal on your next insurance policy. Our free service compares 10 companies for you at once, so that you spend less time looking for information about various providers and more time making an informed decision about which company will provide you with quality coverage at a price that fits within your budget and meets your needs as a driver!
Conclusion
Getting cheap car insurance for young adults can be a daunting task. With so many different companies and options to choose from, you should ask yourself: What exactly am I looking for in this plan? If price is your main concern, then it may be helpful to consider starting with some of the big-name companies that offer discounts on premiums through loyalty programs or affiliations with credit unions. However, if peace of mind during unexpected situations matters most then maybe it would make sense to go with an insurance company like Geico which has an excellent customer service reputation.
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