Which Insurance Company Is Cheapest?
GEICO leads on price for most drivers, but Progressive, State Farm, and Lemonade offer better rates for specific scenarios (accidents, DUI, young drivers). The "cheapest" carrier depends on your age, driving record, and state.
Top 5 Cheapest Carriers (Overall Average)
| Carrier | Avg. Rate | Best For |
|---|---|---|
| GEICO | $1,087 | Discounts, price |
| Progressive | $1,142 | Young drivers, accidents |
| State Farm | $1,203 | Good credit score discounts |
| Lemonade | $987 | Mobile app, teens |
| Amica Mutual | $1,165 | Customer service |
Available Discounts by Carrier
Most carriers offer 10-15 discounts. Common ones: bundling, good driving records, good grades (teens), safety features, low mileage. Progressive's "Name Your Price" tool and GEICO's 50+ discounts make them popular for price shoppers.
Compare These Top Carriers
Get quotes from the cheapest carriers:
GEICO Quote Progressive Quote Lemonade QuoteFrequently Asked Questions
Which car insurance company is cheapest overall?
GEICO is cheapest for most drivers at $1,087/year average for full coverage. However, Lemonade ($987 average) beats GEICO for young urban drivers. The cheapest company for you depends on your age, driving record, state, and vehicle — always compare at least 5 carriers.
Is GEICO really the cheapest car insurance?
GEICO is cheapest for many profiles — particularly drivers with clean records, ages 25-55. But Progressive beats GEICO for drivers with accidents or DUIs, and Lemonade often wins for tech-savvy young drivers. No single company is always cheapest for everyone.
What discounts do the top insurance companies offer?
Most major carriers offer 10-20 discounts including: multi-car (10-20%), bundling home+auto (15-25%), good driver (20-25%), good student (15-25%), safety features (5-15%), low mileage (10-20%), and autopay (3-8%). Ask your insurer for a complete list of discounts you qualify for.
How do I find the cheapest insurance for my situation?
Get quotes from at least 5 carriers using identical coverage limits. Use our free calculator to see estimates, then follow up directly for exact quotes. Shop at every renewal — rates change constantly and the cheapest carrier today may not be cheapest next year.