The Ascent's 2024 Car Insurance Awards
The best auto insurance companies
To determine the Best Car Insurance awards for 2024, The Ascent’s experts evaluated accounts with our ratings model, focusing on industry factors and user benefits, including:
- Pricing and rates
- Coverage options
- Customer satisfaction
- Features (like discounts and customer service)
![State Farm](https://m.foolcdn.com/media/affiliates/personal-finance-art/State_farm_logo_0gfQ9ii.png?width=280)
Best Car Insurance Overall
State Farm
State Farm offers multiple opportunities for discounts, including for bundling coverage. But the best savings comes from the different programs it offers for young drivers including Steer Clear as well as a good student discount. With comprehensive coverage options and low premiums, parents and teens can rest assured they're protected in case of an accident.
![Geico](https://m.foolcdn.com/media/affiliates/personal-finance-art/Geico_logo.png?width=280)
Best Cheap Car Insurance
Geico
Geico is one of the most affordable insurers available, and it offers comprehensive auto insurance coverage options at premiums that beat out most competitors. Geico promises to save people 15% or more on car insurance, and assessments of policy premiums show that it lives up to its promise.
![Progressive](https://m.foolcdn.com/media/affiliates/personal-finance-art/Progressive_logo.png?width=280)
Best High Risk Car Insurance
Progressive
Progressive's premium surcharge after an accident is relatively small compared to many competitors. The Ascent's research revealed an approximately 22% rise in Progressive's premiums following an at-fault crash.
![Geico](https://m.foolcdn.com/media/affiliates/personal-finance-art/Geico_logo.png?width=280)
Best Insurance for Teens
Geico
Geico offers a huge selection of discounts, including some specific to teens, like a good student discount for teens who maintain a B-average or better in school and a driver's education discount for teens who complete an approved course.
![USAA](https://m.foolcdn.com/media/affiliates/personal-finance-art/USAA_Logo_uiTJan8.png?width=280)
Best Car Insurance for Veterans
USAA
The big name in military insurers, USAA has been covering automobiles since 1922, when 25 Army officers joined together to insure each other's vehicles. USAA is known for its low rates and multiple discounts for its members.
![The Ascent's 2024 Car Insurance Awards award banner](https://m.foolcdn.com/media/affiliates/original_images/Ascent-bestCarInsurance_qynaznt.png)
About the Author
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.