Which type of insurance is the cheapest?

To find the cheapest car insurance rates available to you, compare different insurers. You can also try usage-based insurance options if you're a good driver and don't drive many miles in your vehicle. These are the cheapest auto insurance companies for drivers with a registered at-fault accident and with minimal coverage.

If you want the best of the cheapest, check out NerdWallet's roundup of the best cheap car insurance companies.

However, while premiums in your area may be rising, you can still find more affordable coverage at some insurers than others, with some of the best rates still available at some of the best auto insurance companies in the country. Mark Friedlander is director of Corporate Communications at the Insurance Information Institute (Triple-I), a New York-based nonprofit research and education organization dedicated to providing consumers with a better understanding of insurance.

A NerdWallet analysis found that having bad credit can increase people's car insurance rates by hundreds of dollars a year compared to having good credit. If you're looking for affordable car insurance from a large company, Geico might be a good starting point if your credit is it's mixed. Since these are just a few of the auto insurance discounts available on the market, contact your potential car insurance provider to find out more ways to save. When setting rates, insurance companies often consider theft rates, repair costs, and the likelihood that car occupants and others involved in an accident will be injured.

To find out if Geico is the cheapest option for you, compare Geico car insurance quotes with quotes from companies like State Farm, USAA and Progressive. In general, Geico offers the cheapest car insurance for older drivers, but if you're a member of the armed forces or a military family, USAA is cheaper. The final result was an overall rating for each provider, with the insurers that scored the most points at the top of the list. While cars with the cheapest car insurance rates may have lower costs, coverage is likely to continue to cost more than the national average if your history indicates potential risks.

Consider working with an insurance broker or independent agent to help you compare rates with those of smaller, lesser-known companies.

Elizabeth Unch
Elizabeth Unch

Amateur social media expert. Extreme pop culture lover. Proud coffee lover. Certified coffeeaholic. Lifelong food ninja. Hipster-friendly food specialist.