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Best Car Insurance Companies of 2024
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The company is known for exclusive insurance quoted only by State Farm agents. However, it is outperformed in some areas by smaller regional carriers. Some insurers are even limited to just one state, like <a href=\"https://www.businessinsider.com/personal-finance/21st-century-auto-insurance-review\" data-analytics-product-module=\"body_link\" rel=\"\">21st Century auto insurance</a>, which only serves California.</p>"},{"question":"Which car insurance company has the highest customer satisfaction?","answer":"<p class=\"faq-answer\">JD Power's latest auto claims satisfaction study shows Amica Mutual earned the top spot. In JD Power's auto insurance study, regions were won primarily by smaller local carriers like Wawanesa in California and Erie Insurance in the mid-Atlantic. The best car insurance company may also vary based on the coverage you want.</p>"},{"question":"What is the average cost of car insurance?","answer":"<p class=\"faq-answer\">The average cost of car insurance will vary depending on your location and other factors. Many auto insurance companies offer discounts for safe driving, especially if you're willing to install an app to track certain driving behaviors. Paying your premium in full instead of month-by-month also reduces rates. One of the best ways to reduce costs is by getting multiple quotes to compare quotes. </p>"},{"question":"How can I find the best price on car insurance?","answer":"<p class=\"faq-answer\">The easiest way to compare quotes is by working with a licensed independent insurance agent. They can run quotes, compare prices and coverage so you know you're getting the best value. Some customers also prefer to go online. 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"%3Cscript%20src%3D%22https%3A%2F%2Fwww.googletagmanager.com%2Fgtm.js%3Fid%3DGTM-MP6F46L%22%20data-consent%3D%22ANALYTICS%22%20data-track-load%3D%22gtm%22%3E%3C%2Fscript%3E" });</script> <script type="application/ld+json"> {"@context":"http://schema.org","@type":"Article","mainEntityOfPage":{"@type":"WebPage","@id":"https://www.businessinsider.com/personal-finance/auto-insurance/best-car-insurance-companies"},"editor":{"@type":"Person","name":"Paul Kim"},"author":[{"@type":"Person","name":"Melanie Lockert","sameAs":"https://www.businessinsider.com/author/melanie-lockert"},{"@type":"Person","name":"Evelyn He","sameAs":"https://www.businessinsider.com/author/evelyn-he"}],"publisher":{"@context":"http://schema.org","@type":"Organization","name":"Business Insider","legalName":"Insider Inc.","foundingDate":"2007","url":"www.businessinsider.com","sameAs":["https://www.instagram.com/businessinsider","https://www.twitter.com/businessinsider","https://www.facebook.com/businessinsider","https://www.linkedin.com/company/businessinsider","https://www.youtube.com/@BusinessInsider"],"founder":{"@type":"Person","name":"Henry Blodget"},"logo":{"@type":"ImageObject","url":"https://www.businessinsider.com/public/assets/logos/structured-data.png"}},"headline":"Best Car Insurance Companies of 2024","alternativeHeadline":"Best Car Insurance Companies of 2024","image":{"@type":"ImageObject","url":"https://i.insider.com/63664514c816990018949d4f?width=1200&format=jpeg","width":1200,"height":900,"caption":"A car."},"name":"Best Car Insurance Companies of 2024","datePublished":"2024-07-23T13:53:29Z","dateModified":"2024-11-23T00:12:08Z","description":"The best car insurance companies include Amica and GEICO. Save money without sacrificing critical coverage by exploring our top picks and get insured today.","keywords":"","articleBody":"Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate auto insurance products to write unbiased product reviews.If you drive, you probably need car insurance. Nearly all states have liability insurance requirements for drivers. New Hampshire does not have these requirements, but don't mistake this for a free pass to get on the road unprotected.Generally, it's a good idea to go beyond state minimums and opt for full coverage, which can be a mix of liability, comprehensive, and collision car insurance to ensure you've covered your bases in a wide range of scenarios. Experts recommend going beyond the minimum liability coverage limits because the medical and property damage costs can go far beyond state minimums in a severe accident. Depending on the state, this could leave you vulnerable to more significant financial losses. Whatever affordable car insurance companies you choose, your coverage will shape your experience after an accident.Auto insurance is a safeguard and can lessen the financial burden of a car accident, but only if you have the proper coverage. The best car insurance will offer solid coverage without going overboard on premium rates.Founded in 1907 as The Automobile Mutual Insurance Company of America, Amica Mutual Insurance Company is well-regarded in auto insurance. Amica Mutual was ranked number one in JD Power's most recent U.S. Auto Claims Satisfaction Study, factoring in the experiences of over 8,000 participants who had filed and settled an auto insurance claim within the previous six months.Amica car insurance also has an A+ rating from AM Best, which looks at a company's financial stability. The more financially stable a company is, the more likely it is to be around to pay your claims when you need it. So its excellent AM Best ranking gives many consumers peace of mind.Amica offers liability, collision, comprehensive, and other common types of auto insurance. It also provides gap coverage, which can be helpful if you get into an accident with a vehicle you're currently financing. This covers any difference between your car's value and your loan balance in the event of a total loss. The exact limits and terms may vary based on the plan you buy. As such, we recommend speaking with an Amica agent to ensure you understand everything you need to know.You can also opt for roadside assistance or get its premium option, Platinum Choice® Auto. It comes with glass repair with no deductible, rental coverage, new car replacement, and more. Amica also offers a mobile app to manage all your insurance needs.Read our Amica Auto Insurance review here.If you want competitive and affordable car insurance rates, look no further than GEICO. According to the company website, you could save up to $500 by switching to GEICO. Customers can confirm the pricing in minutes with online quotes. With 85 years in the industry, GEICO offers affordable premiums and can be a good fit for those with poor credit.To keep prices low, GEICO also offers numerous discounts to drivers, including discounts for safety devices like anti-lock brakes, seat belt use, defensive driving courses, and being a good student. We also included GEICO in our guide to the best car insurance companies for seniors thanks to its notable discounts for older drivers. In addition, policies can be managed online or via GEICO's app with 24/7 access to all policy documents.The reviews we saw indicated GEICO's claims team was similarly quick, with a few mentions of adjusters who took additional steps to minimize or eliminate policyholders' out-of-pocket costs in a claim. From what we've gathered, rate hikes after an accident seem small compared to many other discount car insurance companies.Read our GEICO Auto Insurance review here.USAA offers financial products and services to the military community, including competitive auto insurance. Though USAA products aren't available to everyone, those eligible won't find cheaper coverage elsewhere. Drivers who switched to USAA could save an average of $725 per year, according to USAA's website.USAA offers standard car insurance options like liability, collision, comprehensive coverage, and uninsured and underinsured coverage. Optional coverage includes roadside assistance and rental reimbursement. USAA also sells home, pet, and life insurance, to name a few. So bundling insurance products is extremely common for military members and their families.USAA also has plenty of discounts that only make sense for military members. For example, you could get up to a 15% discount when your vehicle is parked in a garage on base. You can also qualify for savings if you store your car or drive infrequently (which may apply to active duty military members being deployed).Bundling home and auto insurance coverage with USAA gives policyholders a 10% discount. Setting up automatic payments for your car insurance premiums can reduce premiums by an additional 3%. If you insure two cars or more or your teen driver has good grades, you may be eligible for other discounts. USAA also has an app and offers 24/7 support online. USAA is unique in that whether you have a strong driving record or tickets and DUIs, USAA will still beat the nearest competitor's quote.Read our USAA Car Insurance review here.Given the increased risk factors, car insurance for teen drivers can be costly. Teen drivers don't have the same levels of experience behind the wheel and may engage in risky driving behaviors. In fact, car crashes are the top cause of teen deaths, according to the Centers for Disease Control and Prevention (CDC).Experts recommend adding any licensed driver in your home as soon as you know they'll drive your car regularly. State Farm has excellent options for teen drivers. It offers a Good Student Discount of up to 25%. Also, you could get another discount if your teen driver is under 21 and takes a qualifying driver's ed course. There's also a unique option to save if your teen driver has a car at home but moved away for school through the Student Away at School Discount.The Steer Clear discount offers young drivers below 25 up to a 15% discount with no at-fault accidents or moving violations in the previous three years. In addition, if you're willing to use State Farm's Drive Safe & Save app, you may qualify for up to a 30% discount.Along with its liability, collision, and comprehensive coverage, State Farm offers emergency roadside service, rideshare coverage, and other auto coverages. You can work with one of its many insurance agents nationwide to find the best coverage for you and your teen driver.Read our State Farm Auto Insurance review here.Farmers Insurance is a full-service insurer offering home, life, business, and auto insurance with a long list of discounts compared to other insurance providers. Farmers offers up to 23 discounts when many other providers provide fewer than 12.Policyholders paying premiums in full, senior drivers taking safe driving training, California drivers driving hybrids or electric vehicles, homeowners, good students, and young drivers are just a few groups enjoying discounts on auto insurance with Farmers. You also stand to save up to 20% by bundling plans or qualify for another discount insuring multiple vehicles.Along with liability, collision, and comprehensive, Farmers offers umbrella policies to boost coverage on multiple plans (if you're bundling). All plans can be managed through the Farmers app.Read our Farmers Auto Insurance review here.Many teachers enjoy lower prices, more perks, and greater customer satisfaction with Liberty Mutual car insurance. The company has coverage for teachers, though some plans are unavailable in some states.Perks include a $0 deductible on collision coverage if you get into an accident during school hours or while working (ex: a coach driving to another school for an after-school sports game). Teachers also enjoy up to $2,500 in personal property coverage if teaching items or school-owned items are damaged or stolen. In addition, Liberty Mutual automatically applies a $0 deductible when qualifying cars are vandalized on school property or when driving on school-specific business.Through Liberty Insurance, you can get typical collision or comprehensive coverage. It also offers optional coverages like original parts replacement coverage, gap coverage, 24-hour roadside assistance coverage, rental car reimbursement coverage, and more.Unlike competitors, Liberty Mutual also has a Liberty Mutual Deductible Fund®. You pay $30 toward the deductible fund each year, and Liberty Mutual drops your deductible by $100. If you file a claim, the fund can lower out-of-pocket costs. You can download the company's app to check in with your policy or file a claim.Read our Liberty Mutual Car Insurance review here.Accidents happen, and the best car insurance companies can help. But rates inevitably rise after even a minor accident. Progressive notably offers accident forgiveness to qualifying drivers. Its three types of accident forgiveness coverage include the following:You can obtain liability, collision, and comprehensive coverage through Progressive. Interestingly, Progressive specifies if your pet is injured and you have collision coverage, your policy will cover some vet expenses.It also offers gap coverage, rental car reimbursement coverage, custom parts and equipment value, rideshare coverage, and roadside assistance. Progressive also has a Name Your Price option that allows you to state your desired price, and the website will show what's available. You can also use their mobile app or contact Progressive agents for support.Read our Progressive Car Insurance review here.State Farm is highly ranked in many JD Power surveys and maintains the highest market share of any auto insurance company in the United States. The company is known for exclusive insurance quoted only by State Farm agents. However, it is outperformed in some areas by smaller regional carriers. Some insurers are even limited to just one state, like 21st Century auto insurance, which only serves California.JD Power's latest auto claims satisfaction study shows Amica Mutual earned the top spot. In JD Power's auto insurance study, regions were won primarily by smaller local carriers like Wawanesa in California and Erie Insurance in the mid-Atlantic. The best car insurance company may also vary based on the coverage you want.The average cost of car insurance will vary depending on your location and other factors. Many auto insurance companies offer discounts for safe driving, especially if you're willing to install an app to track certain driving behaviors. Paying your premium in full instead of month-by-month also reduces rates. One of the best ways to reduce costs is by getting multiple quotes to compare quotes. The easiest way to compare quotes is by working with a licensed independent insurance agent. They can run quotes, compare prices and coverage so you know you're getting the best value. Some customers also prefer to go online. Companies like GEICO, Progressive, and Lemonade offer online-only quotes to give consumers back control.For car insurance market share, State Farm's biggest competitor is GEICO. According to data from the National Association of Insurance Commissioners (NAIC), State Farm has 16.84% of the U.S. auto insurance market share, the highest of any insurer. Next up on the list is GEICO, with 14.05% market share. Both insurers are available throughout the U.S.To determine the best auto insurance companies, we compare numerous factors included in our insurance rating methodology. These include affordability, customer satisfaction, coverage options, optional coverage, benefits for policyholders, financial strength, and accessibility. No single factor accounts for everything consumers need; not all auto insurance companies are created the same.We compared quotes, customer reviews, financial stability, and the company's history. With all these factors combined, we rate numerous competitors to see which companies rise to the top. Auto insurance, in particular, is primarily run on a state and regional basis. In short, most auto insurance providers are only licensed in some states. As such, the best car insurance companies for a driver in New York may differ from the best option for similar drivers in California.We use numerous sources to get an objective view of each provider. Our reviews are not sponsored by the companies being reviewed. Each review reflects our opinion based solely on the facts gathered. Reviews may be updated as facts change (for example, JD Power rankings are updated when new reports are released). However, requests from insurers that conflict with public-facing websites are not factored into our reviews.","articleSection":"Personal Finance, Insurance, Auto Insurance","isAccessibleForFree":true,"hasPart":[{"@type":"WebPageElement","isAccessibleForFree":true,"cssSelector":".content-lock-content"}]} </script> <script type="application/ld+json"> {"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is the #1 auto insurance in the U.S.?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">State Farm is highly ranked in many JD Power surveys and maintains the highest market share of any auto insurance company in the United States. The company is known for exclusive insurance quoted only by State Farm agents. However, it is outperformed in some areas by smaller regional carriers. Some insurers are even limited to just one state, like <a href=\"https://www.businessinsider.com/personal-finance/21st-century-auto-insurance-review\" data-analytics-product-module=\"body_link\" rel=\"\">21st Century auto insurance</a>, which only serves California.</p>"}},{"@type":"Question","name":"Which car insurance company has the highest customer satisfaction?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">JD Power's latest auto claims satisfaction study shows Amica Mutual earned the top spot. In JD Power's auto insurance study, regions were won primarily by smaller local carriers like Wawanesa in California and Erie Insurance in the mid-Atlantic. The best car insurance company may also vary based on the coverage you want.</p>"}},{"@type":"Question","name":"What is the average cost of car insurance?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">The average cost of car insurance will vary depending on your location and other factors. Many auto insurance companies offer discounts for safe driving, especially if you're willing to install an app to track certain driving behaviors. Paying your premium in full instead of month-by-month also reduces rates. One of the best ways to reduce costs is by getting multiple quotes to compare quotes. </p>"}},{"@type":"Question","name":"How can I find the best price on car insurance?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">The easiest way to compare quotes is by working with a licensed independent insurance agent. They can run quotes, compare prices and coverage so you know you're getting the best value. Some customers also prefer to go online. Companies like GEICO, Progressive, and Lemonade offer online-only quotes to give consumers back control.</p>"}},{"@type":"Question","name":"Who is State Farm's biggest competitor?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">For car insurance market share, State Farm's biggest competitor is GEICO. According to <a href=\"https://www.marketwatch.com/guides/insurance-services/largest-car-insurance-companies/\" target=\"_blank\" rel=\"noopener nofollow\" data-analytics-product-module=\"body_link\">data</a> from the National Association of Insurance Commissioners (NAIC), State Farm has 16.84% of the U.S. auto insurance market share, the highest of any insurer. Next up on the list is GEICO, with 14.05% market share. 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role="main" > <section id="l-content" class="is-right-rail content-with-sticky-toc" data-track-page-area="Post" data-post-content > <section class="row"> <div class="col-12"> <article class=""> <section class="post-headline-wrapper " id="post-headline" > <div class="post-meta"> <span class="post-breadcrumbs headline-regular "> <a href="/personal-finance" class=" breadcrumb-hide-m" data-track-click="{"product_field":"Personal Finance","element_name":"breadcrumbs","event":"navigation"}" > Personal Finance </a> <svg class="svg-icon chevron-icon post-breadcrumbs-chevron rotate270" data-chevron-icon role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon" > <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#0a0a0a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/> </svg> <a href="/personal-finance/insurance" class=" breadcrumb-hide-s" data-track-click="{"product_field":"Insurance","element_name":"breadcrumbs","event":"navigation"}" > Insurance </a> <svg class="svg-icon chevron-icon post-breadcrumbs-chevron rotate270" data-chevron-icon role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon" > <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#0a0a0a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/> </svg> <svg class="svg-icon chevron-icon post-breadcrumbs-chevron rotate90 d-sm-block d-md-none align-left" data-chevron-icon role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon" > <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#0a0a0a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/> </svg> <a href="/personal-finance/auto-insurance" class="" data-track-click="{"product_field":"Auto Insurance","element_name":"breadcrumbs","event":"navigation"}" > Auto Insurance </a> </span> </div> <h1 class="post-headline ">Best Car Insurance Companies of 2024</h1> </section> <section class="byline-wrapper byline-wrapper-helpfulness "> <div class="byline " data-e2e-name="byline" > <div class="byline-content" data-e2e-name="byline-content" > <div class="byline-row"> <div class="byline-author-container"> <div class="byline-author headline-regular"> <span class="headline-regular">Written by</span> <span class="" data-e2e-name="Melanie Lockert" > <a class="byline-link byline-author-name" data-e2e-name="byline-author-name" href="https://www.businessinsider.com/author/melanie-lockert" >Melanie Lockert</a><span class="headline-regular">;</span></span> <span class="headline-regular">edited by</span> <a class="byline-link 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href="https://www.businessinsider.com/personal-finance/our-partners" class="not-content-link" target="_blank" data-analytics-product-module="body_link" rel="">advertiser disclosure with our list of partners</a> for more details). However, our opinions are our own. See <a href="https://www.businessinsider.com/personal-finance/auto-insurance/methodology" class="not-content-link" target="_blank" data-analytics-product-module="body_link" rel="">how we rate auto insurance products</a> to write unbiased product reviews.</p> <div class="table-of-contents table-of-contents-sticky" data-analytics-module="jump-to" data-type="custom"></div><p>If you drive, you probably need car insurance. Nearly all states have <a href="https://www.businessinsider.com/personal-finance/what-is-liability-car-insurance" data-analytics-product-module="body_link" rel="">liability insurance</a> requirements for drivers. New Hampshire does not have these requirements, but don't mistake this for a free pass to get on the road unprotected.</p><p>Generally, it's a good idea to go beyond state minimums and opt for <a href="https://www.businessinsider.com/personal-finance/what-is-full-coverage-car-insurance" data-analytics-product-module="body_link" rel="">full coverage</a>, which can be a mix of liability, comprehensive, and collision car insurance to ensure you've covered your bases in a wide range of scenarios. </p><aside class="quick-tip headline-regular ignore-typography"><h2>Best Car Insurance of 2024</h2><ul><li><strong>Best Customer Satisfaction:</strong> <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="6216d6885104a000196ff3f8" data-analytics-product-brand="Amica" data-analytics-product-name="Amica Auto Insurance" href="https://secure.money.com/pr/lc55ca174eb6">Amica Mutual</a></li><li><strong>Best Affordable Coverage:</strong> <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="6172e1526771180013739d3a" data-analytics-product-brand="GEICO" data-analytics-product-name="GEICO Auto Insurance" href="https://secure.money.com/pr/vbf0f5978c4d">GEICO</a></li><li><strong>Best for Military:</strong> <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="61293b5cf8faf20011e3813e" data-analytics-product-brand="USAA" data-analytics-product-name="USAA Auto Insurance" href="https://secure.money.com/pr/a70fc5d97b3d">USAA</a></li><li><strong>Best for Teen Drivers:</strong> <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="6123e0014e7f740011810188" data-analytics-product-brand="State Farm" data-analytics-product-name="State Farm Auto Insurance" href="https://secure.money.com/pr/lf2efffd9afc">State Farm</a></li><li><strong>Best for Discounts:</strong> <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="61f333df8c1a500012f8ba4f" data-analytics-product-brand="Farmers Insurance" data-analytics-product-name="Farmers Auto Insurance" href="https://bankrate.com/landing/business-insider/best-auto-insurance-options/?mf_ct_campaign=bizinsider-farmers-auto-spl-lp&product-name=Farmers+Auto&sub-id=PLACESUBIDHERE">Farmers Insurance</a></li><li><strong>Best for Teachers:</strong> <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="623e3e2f5104a0001970279b" data-analytics-product-brand="Liberty Mutual" data-analytics-product-name="Liberty Mutual Auto Insurance" href="https://bankrate.com/landing/business-insider/best-auto-insurance-options/?mf_ct_campaign=bizinsider-libertymutual-auto-spl-lp&product-name=Liberty+Auto&sub-id=PLACESUBIDHERE">Liberty Mutual Insurance</a></li><li><strong>Best for Accident Forgiveness:</strong> <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="6197fb4a130471001377e442" data-analytics-product-brand="Progressive" data-analytics-product-name="Progressive Auto Insurance" href="https://secure.money.com/pr/f5bfc1bbe4af">Progressive</a></li></ul></aside><p>Experts recommend going beyond the minimum liability coverage limits because the medical and property damage costs can go far beyond state minimums in a severe accident. Depending on the state, this could leave you vulnerable to more significant financial losses. Whatever <a href="https://www.businessinsider.com/personal-finance/best-cheap-car-insurance-companies" data-analytics-product-module="body_link" rel="">affordable car insurance companies</a> you choose, your coverage will shape your experience after an accident.</p><h2>Compare the Best Car Insurance Companies</h2><p>Auto insurance is a safeguard and can lessen the financial burden of a car accident, but only if you have the proper coverage. The best car insurance will offer solid coverage without going overboard on premium rates.</p><h3 data-toc-label="Best customer satisfaction" id="best-customer-satisfaction" class="toc-anchor">Best customer satisfaction: Amica Mutual</h3><p>Founded in 1907 as The Automobile Mutual Insurance Company of America, <a target="_blank" rel="nofollow noopener" data-analytics-product-module="body_link" data-analytics-product-id="6216d6885104a000196ff3f8" data-analytics-product-brand="Amica" data-analytics-product-name="Amica Auto Insurance" href="https://secure.money.com/pr/lc55ca174eb6">Amica Mutual</a> Insurance Company is well-regarded in auto insurance. Amica Mutual was ranked number one in JD Power's most recent U.S. Auto Claims Satisfaction Study, factoring in the experiences of over 8,000 participants who had filed and settled an auto insurance claim within the previous six months.</p><p>Amica car insurance also has an A+ rating from AM Best, which looks at a company's financial stability. The more financially stable a company is, the more likely it is to be around to pay your claims when you need it. So its excellent AM Best ranking gives many consumers peace of mind.</p><p>Amica offers liability, collision, comprehensive, and other common types of auto insurance. It also provides gap coverage, which can be helpful if you get into an accident with a vehicle you're currently financing. This covers any difference between your car's value and your loan balance in the event of a total loss. The exact limits and terms may vary based on the plan you buy. As such, we recommend speaking with an Amica agent to ensure you understand everything you need to know.</p><p>You can also opt for roadside assistance or get its premium option, Platinum Choice® Auto. It comes with glass repair with no deductible, rental coverage, new car replacement, and more. Amica also offers a mobile app to manage all your insurance needs.</p><p>Read our <a href="https://www.businessinsider.com/personal-finance/amica-insurance-review" data-analytics-product-module="body_link" rel="">Amica Auto Insurance review</a> here.</p><h3 data-toc-label="Best affordability coverage" id="best-affordability-coverage" class="toc-anchor">Best affordability coverage: GEICO</h3><p>If you want competitive and affordable car insurance rates, look no further than <a target="_blank" rel="nofollow noopener" data-analytics-product-module="body_link" data-analytics-product-id="6172e1526771180013739d3a" data-analytics-product-brand="GEICO" data-analytics-product-name="GEICO Auto Insurance" href="https://secure.money.com/pr/vbf0f5978c4d">GEICO</a>. According to the company website, you could save up to $500 by switching to GEICO. Customers can confirm the pricing in minutes with online quotes. With 85 years in the industry, GEICO offers affordable premiums and can be a good fit for those with poor credit.</p><p>To keep prices low, GEICO also offers numerous discounts to drivers, including discounts for safety devices like anti-lock brakes, seat belt use, defensive driving courses, and being a good student. We also included GEICO in our guide to the <a href="https://www.businessinsider.com/personal-finance/auto-insurance/best-car-insurance-for-seniors" data-analytics-product-module="body_link" rel="">best car insurance companies for seniors</a> thanks to its notable discounts for older drivers. In addition, policies can be managed online or via GEICO's app with 24/7 access to all policy documents.</p><p>The reviews we saw indicated GEICO's claims team was similarly quick, with a few mentions of adjusters who took additional steps to minimize or eliminate policyholders' out-of-pocket costs in a claim. From what we've gathered, rate hikes after an accident seem small compared to many other discount car insurance companies.</p><p>Read our <a href="https://www.businessinsider.com/personal-finance/geico-auto-insurance-review" data-analytics-product-module="body_link" rel="">GEICO Auto Insurance review</a> here.</p><h3 data-toc-label="Best for military" id="best-for-military" class="toc-anchor">Best for military: USAA</h3><p><a target="_blank" rel="nofollow noopener" data-analytics-product-module="body_link" data-analytics-product-id="61293b5cf8faf20011e3813e" data-analytics-product-brand="USAA" data-analytics-product-name="USAA Auto Insurance" href="https://secure.money.com/pr/a70fc5d97b3d">USAA</a> offers financial products and services to the military community, including competitive auto insurance. Though USAA products aren't available to everyone, those eligible won't find cheaper coverage elsewhere. Drivers who switched to USAA could save an average of $725 per year, according to USAA's website.</p><p>USAA offers standard car insurance options like liability, collision, comprehensive coverage, and uninsured and underinsured coverage. Optional coverage includes roadside assistance and rental reimbursement. USAA also sells home, pet, and life insurance, to name a few. So bundling insurance products is extremely common for military members and their families.</p><p>USAA also has plenty of discounts that only make sense for military members. For example, you could get up to a 15% discount when your vehicle is parked in a garage on base. You can also qualify for savings if you store your car or drive infrequently (which may apply to active duty military members being deployed).</p><p>Bundling home and auto insurance coverage with USAA gives policyholders a 10% discount. Setting up automatic payments for your car insurance premiums can reduce premiums by an additional 3%. If you insure two cars or more or your teen driver has good grades, you may be eligible for other discounts. USAA also has an app and offers 24/7 support online. USAA is unique in that whether you have a strong driving record or tickets and DUIs, USAA will still beat the nearest competitor's quote.</p><p>Read our <a href="https://www.businessinsider.com/personal-finance/usaa-car-insurance-review" data-analytics-product-module="body_link" rel="">USAA Car Insurance review</a> here.</p><h3 data-toc-label="Best for teen drivers" id="best-for-teen-drivers" class="toc-anchor">Best for teen drivers: State Farm</h3><p>Given the increased risk factors, car insurance for teen drivers can be costly. Teen drivers don't have the same levels of experience behind the wheel and may engage in risky driving behaviors. In fact, car crashes are the top cause of teen deaths, according to the <a href="https://www.cdc.gov/transportationsafety/teen_drivers/teendrivers_factsheet.html" target="_blank" rel="noopener" data-analytics-product-module="body_link">Centers for Disease Control and Prevention (CDC)</a>.</p><p>Experts recommend adding any licensed driver in your home as soon as you know they'll drive your car regularly. <a target="_blank" rel="nofollow noopener" data-analytics-product-module="body_link" data-analytics-product-id="6123e0014e7f740011810188" data-analytics-product-brand="State Farm" data-analytics-product-name="State Farm Auto Insurance" href="https://secure.money.com/pr/lf2efffd9afc">State Farm</a> has excellent options for teen drivers. It offers a Good Student Discount of up to 25%. Also, you could get another discount if your teen driver is under 21 and takes a qualifying driver's ed course. There's also a unique option to save if your teen driver has a car at home but moved away for school through the Student Away at School Discount.</p><p>The Steer Clear discount offers young drivers below 25 up to a 15% discount with no at-fault accidents or moving violations in the previous three years. In addition, if you're willing to use State Farm's Drive Safe & Save app, you may qualify for up to a 30% discount.</p><p>Along with its liability, collision, and comprehensive coverage, State Farm offers emergency roadside service, rideshare coverage, and other auto coverages. You can work with one of its many insurance agents nationwide to find the best coverage for you and your teen driver.</p><p>Read our <a href="https://www.businessinsider.com/personal-finance/state-farm-auto-insurance-review" data-analytics-product-module="body_link" rel="">State Farm Auto Insurance review</a> here.</p><h3 data-toc-label="Best for discounts" id="best-for-discounts" class="toc-anchor">Best for discounts: Farmers Insurance</h3><p><a target="_blank" rel="nofollow noopener" data-analytics-product-module="body_link" data-analytics-product-id="61f333df8c1a500012f8ba4f" data-analytics-product-brand="Farmers Insurance" data-analytics-product-name="Farmers Auto Insurance" href="https://bankrate.com/landing/business-insider/best-auto-insurance-options/?mf_ct_campaign=bizinsider-farmers-auto-spl-lp&product-name=Farmers+Auto&sub-id=PLACESUBIDHERE">Farmers Insurance</a> is a full-service insurer offering home, life, business, and auto insurance with a long list of discounts compared to other insurance providers. Farmers offers up to 23 discounts when many other providers provide fewer than 12.</p><p>Policyholders paying premiums in full, senior drivers taking safe driving training, California drivers driving hybrids or electric vehicles, homeowners, good students, and young drivers are just a few groups enjoying discounts on auto insurance with Farmers. You also stand to save up to 20% by bundling plans or qualify for another discount insuring multiple vehicles.</p><p>Along with liability, collision, and comprehensive, Farmers offers umbrella policies to boost coverage on multiple plans (if you're bundling). All plans can be managed through the Farmers app.</p><p>Read our <a href="https://www.businessinsider.com/personal-finance/farmers-insurance-review" data-analytics-product-module="body_link" rel="">Farmers Auto Insurance review</a> here.</p><h3 data-toc-label="Best for teachers" id="best-for-teachers" class="toc-anchor">Best for teachers: Liberty Mutual Insurance</h3><p>Many teachers enjoy lower prices, more perks, and greater customer satisfaction with <a target="_blank" rel="nofollow noopener" data-analytics-product-module="body_link" data-analytics-product-id="623e3e2f5104a0001970279b" data-analytics-product-brand="Liberty Mutual" data-analytics-product-name="Liberty Mutual Auto Insurance" href="https://bankrate.com/landing/business-insider/best-auto-insurance-options/?mf_ct_campaign=bizinsider-libertymutual-auto-spl-lp&product-name=Liberty+Auto&sub-id=PLACESUBIDHERE">Liberty Mutual</a> car insurance. The company has coverage for teachers, though some plans are unavailable in some states.</p><p>Perks include a $0 deductible on collision coverage if you get into an accident during school hours or while working (ex: a coach driving to another school for an after-school sports game). Teachers also enjoy up to $2,500 in personal property coverage if teaching items or school-owned items are damaged or stolen. In addition, Liberty Mutual automatically applies a $0 deductible when qualifying cars are vandalized on school property or when driving on school-specific business.</p><p>Through Liberty Insurance, you can get typical collision or comprehensive coverage. It also offers optional coverages like original parts replacement coverage, gap coverage, 24-hour roadside assistance coverage, rental car reimbursement coverage, and more.</p><p>Unlike competitors, Liberty Mutual also has a Liberty Mutual Deductible Fund®. You pay $30 toward the deductible fund each year, and Liberty Mutual drops your deductible by $100. If you file a claim, the fund can lower out-of-pocket costs. You can download the company's app to check in with your policy or file a claim.</p><p>Read our <a href="https://www.businessinsider.com/personal-finance/liberty-mutual-car-insurance-review" data-analytics-product-module="body_link" rel="">Liberty Mutual Car Insurance review</a> here.</p><h3 data-toc-label="Best for accident forgiveness" id="best-for-accident-forgiveness" class="toc-anchor">Best for accident forgiveness: Progressive</h3><p>Accidents happen, and the best car insurance companies can help. But rates inevitably rise after even a minor accident. <a target="_blank" rel="nofollow noopener" data-analytics-product-module="body_link" data-analytics-product-id="6197fb4a130471001377e442" data-analytics-product-brand="Progressive" data-analytics-product-name="Progressive Auto Insurance" href="https://secure.money.com/pr/f5bfc1bbe4af">Progressive</a> notably offers accident forgiveness to qualifying drivers. Its three types of accident forgiveness coverage include the following:</p><ul><li aria-level="1"><strong>Small Accident Forgiveness. </strong>This option is available to new Progressive customers in most states through the Loyalty Rewards program and won't increase your premiums if your claim is at or below $500. This said, it's worth noting that when deciding whether to file a claim, you should always consider your deductible and how much your insurance will pay.</li><li aria-level="1"><strong>Large Accident Forgiveness.</strong> Customers in most states may qualify for this option through the Loyalty Rewards program. Drivers eligible for Large Accident Forgiveness won't see increased rates even if claims exceed $500. You must be a Progressive customer for five consecutive years with no accident or moving violations within that time frame.</li><li aria-level="1"><strong>Progressive Accident Forgiveness.</strong> You may qualify to have one accident forgiven in a specific period, but you can buy additional accident forgiveness through this program. In a sense, you are prepaying to keep your rates consistent if you're involved in an accident. Check if your state qualifies, as it's not available everywhere.</li></ul><p>You can obtain liability, collision, and comprehensive coverage through Progressive. Interestingly, Progressive specifies if your pet is injured and you have collision coverage, your policy will cover some vet expenses.</p><p>It also offers gap coverage, rental car reimbursement coverage, custom parts and equipment value, rideshare coverage, and roadside assistance. Progressive also has a Name Your Price option that allows you to state your desired price, and the website will show what's available. You can also use their mobile app or contact Progressive agents for support.</p><p>Read our <a href="https://www.businessinsider.com/personal-finance/progressive-car-insurance-review" data-analytics-product-module="body_link" rel="">Progressive Car Insurance review</a> here.</p><h3>Get Quotes</h3> <div class="script" data-lazy-load="script" data-load-strategy="lazy" data-consent="MARKETING" data-onload="initInsureWidget()" data-src="https://www.nextinsure.com/listingdisplay/loader/sh" data-async="true" data-defer="true"></div> <div id="qsWidgetContainer"></div> <script defer=""> function initInsureWidget() { var matchingConfiguration = { "src": "690375", "inventorytype":"auto-default-zipwidget", "primary_color":"#3088fd", "button_font_color":"#fff", "button_hover_color":"#524f4f", "var1": "[var1]", "var2": "[var2]", "var3": "[var3]", "trn_id": "[transactionid]", "redirect_location":"http://o1.qnsr.com/cgi/r?;n=203;c=1680481;s=32266;x=7936;f=202208111440280;u=j;z=TIMESTAMP;", }; sh.initialize(matchingConfiguration, "qsWidgetContainer"); } </script><h2 data-toc-label="FAQs" id="faqs" class="toc-anchor">Best Car Insurance Frequently Asked Questions</h2> <div class="collapsable-faq collapsable-faq-dropdown" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> What is the #1 auto insurance in the U.S.? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">State Farm is highly ranked in many JD Power surveys and maintains the highest market share of any auto insurance company in the United States. The company is known for exclusive insurance quoted only by State Farm agents. However, it is outperformed in some areas by smaller regional carriers. Some insurers are even limited to just one state, like <a href="https://www.businessinsider.com/personal-finance/21st-century-auto-insurance-review" data-analytics-product-module="body_link" rel="">21st Century auto insurance</a>, which only serves California.</p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> Which car insurance company has the highest customer satisfaction? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">JD Power's latest auto claims satisfaction study shows Amica Mutual earned the top spot. In JD Power's auto insurance study, regions were won primarily by smaller local carriers like Wawanesa in California and Erie Insurance in the mid-Atlantic. The best car insurance company may also vary based on the coverage you want.</p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> What is the average cost of car insurance? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">The average cost of car insurance will vary depending on your location and other factors. Many auto insurance companies offer discounts for safe driving, especially if you're willing to install an app to track certain driving behaviors. Paying your premium in full instead of month-by-month also reduces rates. One of the best ways to reduce costs is by getting multiple quotes to compare quotes. </p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> How can I find the best price on car insurance? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">The easiest way to compare quotes is by working with a licensed independent insurance agent. They can run quotes, compare prices and coverage so you know you're getting the best value. Some customers also prefer to go online. Companies like GEICO, Progressive, and Lemonade offer online-only quotes to give consumers back control.</p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown collapsable-faq-dropdown-last" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> Who is State Farm's biggest competitor? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">For car insurance market share, State Farm's biggest competitor is GEICO. According to <a href="https://www.marketwatch.com/guides/insurance-services/largest-car-insurance-companies/" target="_blank" rel="noopener nofollow" data-analytics-product-module="body_link">data</a> from the National Association of Insurance Commissioners (NAIC), State Farm has 16.84% of the U.S. auto insurance market share, the highest of any insurer. Next up on the list is GEICO, with 14.05% market share. Both insurers are available throughout the U.S.</p> </div> </div> </div><h2 data-toc-label="Why You Should Trust Us" id="why-you-should-trust-us" class="toc-anchor">Why You Should Trust Us: How We Chose the Best Car Insurance Companies</h2><p>To determine the best auto insurance companies, we compare numerous factors included in our <a href="https://www.businessinsider.com/personal-finance/insurance-rating-methodology" data-analytics-product-module="body_link" rel="">insurance rating methodology</a>. These include affordability, customer satisfaction, coverage options, optional coverage, benefits for policyholders, financial strength, and accessibility. No single factor accounts for everything consumers need; not all auto insurance companies are created the same.</p><p>We compared quotes, customer reviews, financial stability, and the company's history. With all these factors combined, we rate numerous competitors to see which companies rise to the top. </p><p>Auto insurance, in particular, is primarily run on a state and regional basis. In short, most auto insurance providers are only licensed in some states. As such, the best car insurance companies for a driver in New York may differ from the best option for similar drivers in California.</p><p>We use numerous sources to get an objective view of each provider. Our reviews are not sponsored by the companies being reviewed. Each review reflects our opinion based solely on the facts gathered. Reviews may be updated as facts change (for example, JD Power rankings are updated when new reports are released). However, requests from insurers that conflict with public-facing websites are not factored into our reviews.</p><iframe data-src="https://products.gobankingrates.com/pub/bcf1f183-92e6-4401-ac5f-d7b47ca8c33c?resize=1&ident=99&pub_inventory=auto-insurance/best-car-insurance-companies-pfi-insurance" data-indent="99" scrolling="no" frameborder="0" width="100%" style="min-width:300px;max-height:475px;"></iframe> <script async="" type="text/javascript" id="go-banking-resize"> window.addEventListener('message', onGoBankingResize, false); function onGoBankingResize(e) { { if (e.origin === 'https://products.gobankingrates.com' && e.data) { if (e.data.source && e.data.id && undefined !== e.data.height) { var id = 'iframe[data-indent="' + e.data.id + '"]'; var chosenFrame = document.querySelector(id); if (chosenFrame) { var height = e.data.height + 'px'; chosenFrame.style.height = height; } } } } } </script><section class="post-authors" data-component-type="post-author"> <div class="post-author"> <a id="post-author_profile-link" href="https://www.businessinsider.com/author/melanie-lockert" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="author-profile-image-wrapper" data-slug="melanie-lockert"> <div class="lazy-holder author-profile-image"> <img class="lazy-image author-profile-image" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src="https://i.insider.com/5cc74fdab14bf44b7326d0a8?crop=1:1&width=256&format=jpeg&auto=webp" alt="melanie lockert.JPG"> <noscript> <img src="https://i.insider.com/5cc74fdab14bf44b7326d0a8?crop=1:1&width=256&format=jpeg&auto=webp" /> </noscript> </div> </div> </a> <div class="post-author_info"> <div class="post-author_top"> <a id="post-author_name-link" class="post-author_link not-content-link" href="https://www.businessinsider.com/author/melanie-lockert" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="post-author_name headline-semibold">Melanie Lockert</div> </a> </div> <div class="post-author_bio headline-regular"> <input type="checkbox" id="expanded0"> <div class="post-author_bio_content"> <span><span>Melanie</span> <span>Lockert</span> is the founder of the blog and author of the book,<span> "</span><a href="http://deardebt.com/" rel=" nofollow">Dear Debt</a>."</span> <span>Through her blog, she chronicled her journey out of $81,000 in student loan debt. Her work has appeared on Business Insider, Time, Huffington Post and more.</span> <span>She is also the co-founder of the<span> </span><a href="https://www.lolaretreat.com/" rel=" nofollow">Lola Retreat</a>, which helps bold women face their fears, own their dreams and figure out a plan to be in control of their finances. </span> </div> <label for="expanded0" role="button" class="post-author_bio_more">Read more</label> <label for="expanded0" role="button" class="post-author_bio_less">Read less</label> </div> </div> </div> <div class="post-author"> <a id="post-author_profile-link" href="https://www.businessinsider.com/author/evelyn-he" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="author-profile-image-wrapper" data-slug="evelyn-he"> <div class="lazy-holder author-profile-image"> <img class="lazy-image author-profile-image" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src="https://i.insider.com/63f8fce386669d0018247e85?crop=1:1&width=256&format=jpeg&auto=webp" alt="Evelyn He smiles at the camera, standing indoors against a white wall with fairy lights in the background."> <noscript> <img src="https://i.insider.com/63f8fce386669d0018247e85?crop=1:1&width=256&format=jpeg&auto=webp" /> </noscript> </div> </div> </a> <div class="post-author_info"> <div class="post-author_top"> <a id="post-author_name-link" class="post-author_link not-content-link" href="https://www.businessinsider.com/author/evelyn-he" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="post-author_name headline-semibold">Evelyn He</div> </a> <div class="post-author_title headline-regular">Compliance and Operations Associate</div> </div> <div class="post-author_bio headline-regular"> <input type="checkbox" id="expanded1"> <div class="post-author_bio_content"> <span>Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.</span><span>The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.</span> </div> <label for="expanded1" role="button" class="post-author_bio_more">Read more</label> <label for="expanded1" role="button" class="post-author_bio_less">Read less</label> </div> </div> </div> </section> <div class="featured-products sticky-featured-product"> <span class="headline-semibold featured-products-heading">Top Offers From Our Partners</span> <div class="featured-product"> <a href="https://offers.moneylion.com/channelTrackingOfferRedirect/ef7e9365-d513-464f-b2f2-5b4ee58fb7d8/7730fd4f-e907-4d31-b88e-89806ac20f06" target="_blank" data-analytics-product-area="image" data-analytics-product-module="featured_product" data-analytics-product-index="1" data-analytics-product-brand="Right Rail - Do Not Use in Content" data-analytics-product-name="LendingClub LevelUp Savings Account" data-analytics-product-id="63cff3349bca6000112c3c92" class="featured-product-image not-content-link" rel="nofollow noindex"> <div class="lazy-holder lazy-holder " style="padding-top: calc(100% * 95 / 149)"> <img class="lazy-image " src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-content-type="image/png" data-srcs="{"https://i.insider.com/60a53ef9e25d05001880c7d2":{"contentType":"image/png","aspectRatioW":1200,"aspectRatioH":320}}" alt="LendingClub Logo"> <noscript> <img src="https://i.insider.com/60a53ef9e25d05001880c7d2?width=600&format=jpeg&auto=webp" /> </noscript> </div> </a> <div class="featured-product-hgroup"> <a href="https://offers.moneylion.com/channelTrackingOfferRedirect/ef7e9365-d513-464f-b2f2-5b4ee58fb7d8/7730fd4f-e907-4d31-b88e-89806ac20f06" target="_blank" class="featured-product-heading not-content-link" data-analytics-product-area="title" data-analytics-product-module="featured_product" data-analytics-product-index="1" data-analytics-product-brand="Right Rail - Do Not Use in Content" data-analytics-product-name="LendingClub LevelUp Savings Account" data-analytics-product-id="63cff3349bca6000112c3c92" rel="nofollow noindex"> LendingClub LevelUp Savings Account </a> <span class="headline-semibold featured-product-sub-heading"> Earn 5.00% APY when you deposit $250 per month <div class="component rich-tooltip featured-product-rich-tooltip" role="tooltip" data-tooltip-position="right"> <svg class="svg-icon tooltip-icon " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 60 60"> <title></title> <desc>A tooltip</desc> <path d="M30.6 36.6l.1-1.2c.2-2.3 1.3-3.3 3.4-5.2 2.5-2.3 5.7-4.5 5.7-8.6 0-5-4.3-7.7-9.2-7.7-3.8 0-6.8 1.5-10 4.4l2.2 2.5c3.1-2.5 5-3.5 7.7-3.5 3.2 0 5.4 1.7 5.4 4.4s-2.2 4.2-4.4 6.1c-3.4 2.9-4 4.1-4 7.3v1.5h3.1zm.7 8.4v-4.6h-4.4V45h4.4z"></path> <path d="M30 0c16.6 0 30 13.4 30 30S46.6 60 30 60 0 46.6 0 30 13.4 0 30 0zm0 3C15.1 3 3 15.1 3 30s12.1 27 27 27 27-12.1 27-27S44.9 3 30 3z"></path> </svg> <div class="rich-tooltip-wrapper headline-regular"> <div class="rich-tooltip-message headline-regular">Earn 5.00% APY when you deposit at least $250 per month, earn 4.00% standard APY if minimum isn't met.</div> </div> </div> <style>.rich-tooltip-wrapper { display: none; }</style> </span> </div> <div class="featured-product-cta"> <a href="https://offers.moneylion.com/channelTrackingOfferRedirect/ef7e9365-d513-464f-b2f2-5b4ee58fb7d8/7730fd4f-e907-4d31-b88e-89806ac20f06" target="_blank" class="featured-product-link not-content-link" data-analytics-product-area="button" data-analytics-product-module="featured_product" data-analytics-product-index="1" data-analytics-product-brand="Right Rail - Do Not Use in Content" data-analytics-product-name="LendingClub LevelUp Savings Account" data-analytics-product-id="63cff3349bca6000112c3c92" rel="nofollow noindex"> Start Saving </a> </div> </div> </div> </div> </div> </div> <section class="category-tagline body-italic"> <div> <p class="body-italic"><p style="font-size:14px;"><em>Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. <a href="https://www.businessinsider.com/personal-finance/personal-finance-editorial-standards">Read our editorial standards</a>.</em></p><p style="font-size:14px;"><em>Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.</em></p><p style="font-size:14px;"><em>**Enrollment required.</em></p></p> </div> </section> </section> </div> </div> <section class="post-content-more"> <div class="inline-newsletter-signup headline-regular loading insider-today" id="formContainer" data-component-type="inline-newsletter-module" data-event-label="insider_today" data-newsletter-id="1" 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