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Best Car Insurance Companies of 2023: Our Top Picks


Car insurance is one of the most important purchases you can make as a driver. It can protect you from financial losses in case of accidents, thefts, or natural disasters that may damage your vehicle or injure you or others. However, not all car insurance policies are created equal. The cost and coverage of car insurance depend on various factors, such as the type of vehicle you drive, your driving history, your location, and your personal preferences. Therefore, it is essential to compare different car insurance companies and find the one that offers the best value for your money.

In this article, we will review and recommend the best car insurance companies of 2023 based on their features, benefits, and customer reviews. We will also provide some tips and advice on how to shop for car insurance and what to look for in a policy. By the end of this article, you will have a better idea of which car insurance company is the best fit for your needs and budget.

Company 1: USAA

USAA is a unique car insurance company that caters exclusively to military members and their families. Founded in 1922, USAA’s mission is to facilitate the financial security of its members and their families by providing a full range of highly competitive financial products and services. USAA has a market share of about 6% and covers more than 13 million vehicles.

Some of the main features and benefits of USAA’s car insurance policies are:

  • Eligibility: USAA is only available to active duty, retired, or honorably separated members of the U.S. military and their eligible family members, such as spouses, children, or parents. This makes USAA a highly selective and loyal customer base.
  • Low rates: USAA is known for offering some of the lowest rates in the market, especially for military members and their families. USAA claims that it can save you up to $707 per year on car insurance compared to other companies.
  • Discounts: USAA offers a variety of discounts to its customers, such as multi-policy, multi-car, vehicle storage, military installation, annual mileage, good student, good driver, loyalty, and more.
  • Customer loyalty: USAA has a high customer retention rate and a low complaint ratio. USAA also offers a dividend to its members every year, which is a share of the company’s profits that is distributed to its customers.

According to customer reviews and ratings, USAA has an excellent reputation among its customers. Some of the positive aspects of USAA are its low rates, high customer satisfaction, and dividend payments. Some of the negative aspects of USAA are its limited eligibility, restricted coverage options, and lack of local agents.

We recommend USAA as the best car insurance company for military members and their families. If you are eligible for USAA, you can enjoy low rates, high customer satisfaction, and dividend payments. However, if you are not eligible for USAA, you may want to look for other options.

Company 2: Geico

Geico is another giant in the car insurance industry. Founded in 1936, Geico’s mission is to provide quality insurance at a low cost to its customers. Geico has a market share of about 14% and covers more than 28 million vehicles.

Some of the main features and benefits of Geico’s car insurance policies are:

  • Low rates: Geico is known for offering some of the lowest rates in the market, especially for drivers with good credit and clean driving records. Geico claims that it can save you 15% or more on car insurance compared to other companies.
  • Online tools: Geico has a user-friendly website and mobile app that allow you to get a quote, buy a policy, manage your account, file a claim, and access various resources and information. You can also use voice assistants like Alexa or Google Assistant to interact with Geico.
  • Mobile app: Geico’s mobile app is one of the best in the industry, with a rating of 4.8 out of 5 stars on the App Store and Google Play. The app lets you access your digital ID cards, roadside assistance, vehicle care, gas finder, and more. You can also use the app to chat with a virtual assistant, request a Lyft ride, or play games.
  • Customer service: Geico has a 24/7 customer service that you can reach by phone, email, or chat. Geico also has local agents that you can contact for personalized service and advice.

According to customer reviews and ratings, Geico has a good reputation among its customers. Some of the positive aspects of Geico are its low rates, easy online process, and helpful customer service. Some of the negative aspects of Geico are its strict underwriting criteria, limited coverage options, and low claim satisfaction.

We recommend Geico as the best car insurance company for drivers who want low rates and easy online tools. If you are looking for competitive rates, user-friendly website and app, and helpful customer service, you may want to consider Geico. However, if you are looking for more coverage options or higher claim satisfaction, you may want to look for other options.

Company 3: State Farm

State Farm is the largest car insurance company in the United States. Founded in 1922, State Farm’s mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm has a market share of about 16% and covers more than 40 million vehicles.

Some of the main features and benefits of State Farm’s car insurance policies are:

  • Network of agents: State Farm has more than 19,000 agents across the country that can provide you with personalized service and advice. You can find an agent near you by using the online locator or calling the toll-free number.
  • Drive Safe & Save program: This is a usage-based insurance program that tracks your driving habits and rewards you with discounts for safe and low-mileage driving. You can either use a plug-in device or a mobile app to participate in this program and earn up to 30% off your rate.
  • Discounts: State Farm offers a variety of discounts to its customers, such as multi-policy, multi-car, accident-free, defensive driving, good student, good driver, anti-theft, vehicle safety, and more.
  • Roadside assistance: State Farm offers roadside assistance as an optional coverage that you can add to your policy for a low monthly fee. Roadside assistance covers services such as towing, battery jumpstart, flat tire change, lockout service, fuel delivery, and more.


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