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Best Car Insurance Companies

If you were searching for best Car Insurance Companies then you must know a very important fact that cheap insurance providers are not always the best. It is very tempting to buy car insurance on based of lowest price, but you need and insurance company that will be there for you at the time of insurance claims. After all, you don’t want to buy a cheap car insurance which doesn’t provide the insurance protection that you need.

Here is our list of Best Car Insurance Companies based on pricing data and real customer feedback that will help you to find the best car insurance policy. In this list we only include the top auto insurance companies.


9.Allstate


Allstate

As the fourth-largest insurer based on market share, Allstate has a long list of valuable coverage options that make it a standout option for many drivers, but especially for those with unique vehicles. Allstate’s rewards program adds additional benefits, allowing drivers to earn points toward hotels, gift cards and other great perks.

With 14 different discounts, Allstate is our pick for the best discounts for car insurance in 2022. This insurer has been around since 1931, and it provides car insurance coverage in all 50 states and Washington, D.C.

Allstate offers several types of insurance coverage:

  • Collision
  • Comprehensive
  • Liability
  • Medical payments
  • Uninsured and underinsured motorist
  • Personal injury protection
  • Custom equipment
  • Personal umbrella 
  • Rental reimbursement
  • Classic car insurance
  • Mexico car insurance
  • Gap insurance

You will have to pay more to add roadside assistance to your policy, but there are two types that you can choose from—either basic protection for local driving or a higher level of coverage. 

To save money, you have the option of choosing a six-month term instead of the traditional annual policy. Allstate has its signature Drivewise Program that can save drivers up to 40% off their normal premiums with safe driving through telematics-based usage. 

You can also save money when you have a new car, receive good grades in school, or maintain multiple policies with Allstate. Your vehicle can also save you money with anti-lock and anti-theft discounts, plus there are several payment-related discounts when you renew your policy early, pay in advance, or enroll in paperless statements. 

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Allstate was not ranked among the top insurers for customer satisfaction in J.D. Power’s recent U.S. Auto Insurance Study. However, it does score well with AM Best, which signals strong financial stability, and NAIC data shows a lower-than-average number of customer complaints.

Why Allstate is best for high-value cars: Allstate is one of the few insurers that offer coverage for custom equipment. The company’s full coverage policies have a higher average cost compared to other carriers on Bankrate’s list, but drivers who have invested money into modifying their vehicles with the best sound equipment likely need more extensive coverage, which Allstate provides. Classic and antique car collectors can opt for Allstate’s classic car insurance so the vehicle’s higher intrinsic value is accounted for in case of costly damage.

Pros and Cons

Pros

  • Unique coverage options
  • Varied roadside support
  • Wide array of discounts

Cons

  • Customer satisfaction lacking
  • 6-month terms
  • Roadside assistance costs extra

8.Nationwide


Nationwide

Nationwide generally earns good scores across the board, though it didn’t stand out in any one area as being notably better than the competition. Nationwide has some downsides that keep it from breaking into the top three car insurance companies in our rankings.

Some respondents indicated that they were not satisfied with Nationwide’s status updates during the claims process or with how their claims were resolved.

Nationwide’s options to tailor coverage based on personal needs in addition to its low average premium solidify it as a top auto insurance company for 2022, based on Bankrate’s research. With near-nationwide availability and a website full of useful insurance information, customers are likely to find the answers they need to customize a Nationwide policy to their exact needs.

Why Nationwide is best for coverage on a budget: Nationwide’s average annual premium is the second-lowest on our list, only below USAA. However, Nationwide doesn’t restrict coverage to military-affiliated policyholders, so it could be an option for cheap rates if you don’t qualify for USAA.

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Additionally, the carrier’s SmartRide and SmartMiles telematics programs can help you either earn a discount based on your safe driving habits or provide a flexible premium based on your vehicle usage, respectively. Optional coverage is not as plentiful as some other auto insurers on our list, but personalized options offer valuable control over your financial protection.

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