State Farm is the cheapest major auto insurance company in the nation for good drivers, according to NerdWallet’s 2023 analysis of minimum coverage rates. State Farm’s average annual rate was $450 or about $37 per month. The company also earned a 5-star rating from NerdWallet, and you can read our State Farm auto insurance review to learn why.
Cheapest auto insurance from the largest companies
|
Company |
Average annual rate |
Average monthly rate |
|---|---|---|
|
State Farm |
$450 |
$37 |
|
Travelers |
$568 |
$47 |
|
Geico |
$603 |
$50 |
|
Nationwide |
$673 |
$56 |
|
USAA* |
$341 |
$28 |
