The Top 7 Insurance Companies

Car insurance is necessary because we do not know what will happen on the road. Although we are careful, some people are not. Do you want to purchase car insurance but need to know how? Here are the cheapest car insurance plans for July 2023!

Top 7 Cheapest Car Insurance Plans in July 2023

There are plenty of insurance companies out there. You might wonder which one is suitable for you while maintaining a good value for money. This list will help you to consider which one suit you the best.

1. Geico

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If you have poor credit and want car insurance, some insurance companies will charge more for that. This is not the case for Geico. A good driver with bad credit can get a cheap price of around $202 – $212 monthly. This price is 16% more affordable than the national average.

In most cases, a driver with poor credit needs to pay 70% more than a driver with good credit. This is why, Geico is a good option if you have bad credit. Besides, Geico offers lots of discounts so you can save more money.

2. Eerie

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Many insurance companies set up a high price for young and inexperienced drivers because they tend to be reckless on the road. However, Eerie is reasonable with their price, charging only $112 per month for a car insurance policy.

Having one of the cheapest car insurance plans, Eerie’s price does not increase that much after an accident and DUI. After an accident, your insurance policy will increase by $128 per month. Meanwhile, for DUI, it will be $169 per month. 

Those prices are still considered cheap because it goes up for only 67%, other companies might increase the price to 83%.

3. Auto-Owners

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The price for full car coverage insurance is approximately $120 – $136 monthly. If you had an accident that cause injury to another person, your rate will only go up to $179, it is a reasonable price and way cheaper than other companies.

The only downside to Auto-Owners is the fact that they are only available in 26 states. Therefore, you should check first whether they are available in your state or not.

4. State Farm

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As the biggest insurance company in the country, State Farm is exceptionally good with customer service as well. The company is rated as the best insurance company in 25 states. Offering various discounts to its customer, State Farm’s full car insurance coverage price is $99 per month.

The coverage includes collision and comprehensive insurance. So, if you get into an accident, the company will cover the car’s repair fee no matter whose fault it was. 


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With the price of full car coverage of $91 – $114 per month, USAA is undoubtedly the cheapest insurance company in the country. However, USAA can only be purchased by current and previous military members and their families. 

So, unless you are a military member or have a family who is in the military, you cannot purchase insurance from USAA.

6. American Family

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Although not having the cheapest car insurance plans, American Family offers the most discounts. The company has 18 discounts, some of which are buying multiple car policies, bundling home and car insurance. 

It also has discounts for installing safety equipment, taking defensive driving courses, being a responsible driver, and many more.

Totaling all of those discounts, the original price of $140 per month will be reduced a lot. It can end up being cheaper than other insurance company that does not offer any discounts.

7. Allstate

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Allstate’s full coverage price is approximately $160 per month. It might seem expensive, but if you are under 25 years old and want to bundle your insurance with your parents, the price will be decreased. 

Additionally, the company has plenty of discounts for its customers. However, the company has poorly reviewed customer satisfaction claims after an accident. You might watch out for that. 

Most insurance companies give discounts to people who buy bundle insurance, which means buying two or more insurance policies from one company. It will be a good opportunity for you if you want to purchase homeowner insurance and car insurance at the same time.

Besides, it is easier to pay and maintain if you choose to purchase two or more insurance policies in the same company.

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