If you are looking for the best car insurance company in 2022 then there is a detailed comparison of the largest best car insurance companies. It’s a good idea to consider and compare multiple insurers that made our Best Car Insurance Companies of 2022 ratings. Doing so can help you find coverage that suits your needs.
What Is the Best Car Insurance Company?
According to the customer survey held in the USA, USAA is the best overall car insurance company. However, USAA insurance products are only available to active and veteran military members and their families. State Farm company ranks No. 2, making it the best car insurance company for drivers who aren’t eligible for USAA membership.
USAA also swept all five of our sub rankings based on customer feedback. However, not all policyholders will meet USAA’s membership requirements. For that reason, we’ve identified the runner-up in each category so that all consumers can learn about the best option in each of these areas.
If rates play a primary role in your decision, it’s also important to get and compare car insurance quotes. your personal car insurance rate will depend on your age, location, driving record, credit score, and the preferred type and amount of coverage, among other things.
According to the Forbes report, the following car insurance companies are the best in 2022.
Top Rated Car Insurance Companies
In the No. 3 spot of this year’s rating is Geic with average scores across the board in categories like Customer Service, Claims Handling, and Customer Loyalty. Where it stands out is in its premiums, which earn it the No. 2 spot in our rating of the Cheapest Car Insurance Companies of 2022. Its rates are just behind top-rated USAA for teen and senior drivers as well as those with poor credit.
Nationwide moved up two spots since our 2021 analysis, tying for the No. 3 spot. Nationwide has the second-highest scores in our Customer Loyalty and Most Likely to be Recommended sub ratings and above-average scores in each of the other subtracting categories. Nationwide also has below-average rates for some drivers, especially those with a good driving record or poor credit.
Travelers also had some upward movement this year, moving up two spots and tying for the No. 6 position. Travelers’ customer service score is lower than seven other insurers in our analysis, but it takes the No. 1 spot in our Claims Handling subrating category and the No. 3 spot in the Most Likely to Be Renewed category. Travelers also receive an above-average score for policy renewal and offer premiums that are typically lower than the national average.
USAA is the best insurance company in our ratings. According to our 2022 survey, USAA customers report the highest level of customer satisfaction and are most likely to renew their policies and recommend USAA to other drivers. USAA also has the lowest rates in our study, beating the national average by 35%.
USAA insurance products, including auto, homeowners, and renters policies, are only available to members of the military community. As such, not all drivers will be eligible for coverage through this insurer.
4. Auto-Owners Insurance:
Auto owners Insurance set is a joint insurance corporation that offers life, home, car, and company assurance. Their strategy is sold solely throughout local, self-sufficient assurance agents inside their 26 in-service states.
5. State Farm:
State Farm is No. 2 in our rating and has above-average scores in each of our sub ratings including Claims Handling and Customer Loyalty. It also did well in our Cheapest Car Insurance Companies of 2022 rating. Its average premiums for drivers with less than pristine driving records were the lowest in our rating for those unable to get a policy from USAA.
Moving up three spots to tie at No. 6 in this year’s Best Car Insurance Companies rating, Allstate is also ranked No. 4 in our Most Likely To Be Recommended subtracting, although the company received slightly below-average scores in most of our other subtracting categories. Its rates are among the highest in our analysis, but Allstate may offer a competitive rate for certain drivers, such as those with a speeding violation on their driving record.
7. Erie Insurance:
Erie Insurance, stand in Erie is a property and target insurance corporation that presents car, house, company and life assurance throughout a network of self-determining assurance agents.
Which Insurance is Best for Claims Handling:
Claims handling is an important aspect of any insurance policy, and Travelers takes the No. 1 spot in this category. It scores a 4.3 out of 5 and is the only insurer to unseat USAA, which leads the pack in every other subtracting category we analyzed. Nearly 62% of Travelers customers report being completely satisfied with the ease of filing a claim, and 65% of them express complete satisfaction with their claims resolution.
Farmers, Nationwide, and State Farm also received above-average claims handling scores.
Car Insurance Cost by Driving Profile
Here’s a look at car insurance rates based on averages nationwide among the largest insurance companies.
Summary: Best Car Insurance Company Ratings