As of 2015, Progressive and Geico are usually the cheapest auto insurance companies, according to AutoInsurance.org. Insurance rates depend on a variety of factors, and some individuals may find cheaper options elsewhere.
When researching auto insurance companies, drivers should make sure that the cheapest quotes still meet their states' minimum coverage requirements, as suggested by Direct Auto and Life Insurance. Drivers may consider a larger deductible to reduce monthly payments. Asking about discounts for various safety and anti-theft devices may also help lower the cost of car insurance.
Drivers who live in areas with a lot of car accidents or vehicle theft may have to pay higher premiums to cover the increased risks, according to AutoInsurance.org. A low credit score can also cause higher premiums, as can the type of car being insured. Older cars may be less safe, so they cost more to insure. Sports cars also often cost more to insure.
Some companies also offer discounts for certain affiliations or memberships, as stated by Cheap Car Insurance. Certain companies, universities and other groups may have worked out special deals for their employees, students or alumni. Students with good grades and retired adults may also qualify for some discounts.