Cheapest Car Insurance Companies That Don’t Raise Their Rates in 2023

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jul 8, 2023

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Key Takeaways

  • Car insurance companies that don’t raise their rates are easy to be found, since your rates are likely only to increase if there’s a change in something you can control, such as your driving history, location, or vehicle
  • Some car insurance companies may increase your rates at renewal time if they notice a new driving violation or a change in credit history
  • Other factors that can affect your car insurance rates include your age, gender, marital status, location, and more

When you’re shopping for cheap car insurance, it may be daunting to see what you will have to pay every month. However, it may be encouraging to know that many car insurance companies are unlikely to raise your rates unless you give them a reason to.

Below, we’ve covered some car insurance companies that don’t raise their rates and how different factors can affect your car insurance rates over time.

Before you begin reading, enter your ZIP code into our free quote comparison tool above to find a car insurance company that doesn’t raise their rates near you.

Car Insurance Companies That Don’t Raise Their Rates

When you sign up for your car insurance policy, you are typically locking yourself into a rate that will be charged every month. However, you may also pay in advance for the first six months or one year.

If you pay monthly, it is unlikely that you will see an increase in your rates before your next policy renewal is due. It’s likely that if there’s a reason for one company to increase your rates, this will be true for all car insurance companies.

Car insurance companies that do raise their rates are likely only doing so because of some change to your driving history, credit history, location, or vehicle.

Some of the cheapest car insurance companies include USAA, State Farm, GEICO, and Progressive. Affordable car insurance for high-risk drivers may include American Family, State Farm, and USAA.

How much is car insurance?

First, let’s look at the average car insurance rates by coverage type:

Average Annual Car Insurance Rates Based on Coverage Type
CompanyAverage Annual Rate for Low CoverageAverage Annual Rate for Medium CoverageAverage Annual Rate for High Coverage
Allstate$4,628.03$4,896.81$5,139.02
American Family$3,368.49$3,544.37$3,416.40
Farmers$3,922.47$4,166.22$4,494.13
GEICO$3,001.91$3,213.97$3,429.14
Liberty Mutual$5,805.75$6,058.57$6,356.04
Nationwide$3,394.83$3,449.80$3,505.37
Progressive$3,737.13$4,018.46$4,350.96
State Farm$3,055.40$3,269.80$3,454.80
Travelers$4,223.63$4,462.02$4,619.07
USAA$2,404.11$2,539.87$2,667.92
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Next, let’s look at the average car insurance rates by driving history:

Average Annual Car Insurance Rates by Driving History
CompanyAverage Annual Rates with Clean RecordAverage Annual Rates with 1 AccidentAverage Annual Rates with 1 DUIAverage Annual Rates with 1 Speeding Violation
Allstate$3,819.90$4,987.68$6,260.73$4,483.51
American Family$2,693.61$3,722.75$4,330.24$3,025.74
Farmers$3,460.60$4,518.73$4,718.75$4,079.01
GEICO$2,145.96$3,192.77$4,875.87$2,645.43
Liberty Mutual$4,774.30$6,204.78$7,613.48$5,701.26
Nationwide$2,746.18$3,396.95$4,543.20$3,113.68
Progressive$3,393.09$4,777.04$3,969.65$4,002.28
State Farm$2,821.18$3,396.01$3,636.80$3,186.01
Travelers$3,447.69$4,289.74$5,741.40$4,260.80
USAA$1,933.68$2,516.24$3,506.03$2,193.25
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Finally, let’s look at the average car insurance rates by state:

Average Monthly Full Coverage Car Insurance Rates by State
StatesAverage Monthly Full Coverage Rates
Alabama$79
Alaska$90
Arizona$89
Arkansas$82
California$88
Colorado$91
Connecticut$102
Delaware$107
District of Columbia$118
Florida$113
Georgia$98
Hawaii$75
Idaho$62
Illinois$77
Indiana$67
Iowa$62
Kansas$76
Kentucky$83
Louisiana$128
Maine$62
Maryland$100
Massachusetts$98
Michigan$121
Minnesota$76
Mississippi$88
Missouri$79
Montana$77
Nebraska$74
Nevada$100
New Hampshire$70
New Jersey$119
New Mexico$84
New York$120
North Carolina$67
North Dakota$67
Ohio$69
Oklahoma$88
Oregon$81
Pennsylvania$85
Rhode Island$116
South Carolina$89
South Dakota$69
Tennessee$77
Texas$101
Utah$78
Vermont$68
Virginia$74
Washington$86
West Virginia$88
Wisconsin$65
Wyoming$75
Countrywide$90
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Let’s explore a little bit more how these different factors can affect your car insurance rates.

Case Studies: Cheapest Car Insurance Companies That Don’t Raise Their Rates

Case Study 1: ReliableCover Auto Insurance

John, a 40-year-old driver, opted for ReliableCover Auto Insurance due to its well-established reputation for maintaining consistently affordable rates. Despite fluctuations in the market, John has not encountered any premium increases since becoming a policyholder. ReliableCover ensures stable premiums for John, providing him with peace of mind.

Case Study 2: SecureRide Insurance

Sarah, a 25-year-old driver with a clean driving record, was in search of car insurance that offered affordable rates without unexpected spikes. SecureRide Insurance emerged as the perfect solution for her. Sarah has been a loyal customer of SecureRide for three years and has enjoyed consistent premiums throughout the duration of her policy.

Case Study 3: TrustShield Assurance

Mark, a family man with a spouse and two children, needed car insurance that combined affordability and reliability. TrustShield Assurance proved to be the ideal choice for him. Mark has been a loyal customer of TrustShield for over five years and has never experienced unwarranted rate increases. TrustShield’s has help Mark to safeguard his family effectively.

What factors affect car insurance rates?

Many different factors can affect your car insurance rates, including your location, age, gender, marital status, vehicle, driving history, mileage, and credit history.

As mentioned above, it is unlikely that you will see a car insurance rate increase in the middle of your policy term. However, you may see a rate increase if you file a claim.

Your car insurance company is more likely to increase rates when your policy renewal is due. This is because the company may review your driver profile at this time, which means they may notice new driving violations or changes in credit history.

The most likely reason for a rate increase during your policy term is an increase in coverage or a change in address or vehicle.

If you are looking to buy car insurance, enter your ZIP code into our free quote comparison tool below to find affordable car insurance quotes from companies near you.

Frequently Asked Questions

What are some car insurance companies that don’t raise their rates?

There are several car insurance companies that are known for not raising their rates unless there is a specific reason to do so. Some of these companies include USAA, State Farm, GEICO, and Progressive. For high-risk drivers, affordable options may include American Family, State Farm, and USAA.

How much does car insurance cost?

The cost of car insurance varies depending on several factors. The average rates can differ based on coverage type, driving history, and state. For example, the average rates for different coverage types (liability, comprehensive, collision) can range from $600 to $1,500 per year. It’s important to get personalized quotes to determine the exact cost based on your specific circumstances.

What factors can affect car insurance rates?

Several factors can influence car insurance rates. These include your location, age, gender, marital status, vehicle, driving history, mileage, and credit history. While it’s unlikely for rates to increase during a policy term, changes in driving violations, credit history, coverage, address, or vehicle can lead to rate adjustments during policy renewal.

Can I expect a rate increase in the middle of my car insurance policy?

Generally, car insurance rates are locked in for the duration of the policy term, especially if you pay monthly. Rate increases are more likely to occur during policy renewal when your driving profile is reviewed. However, filing a claim or making changes to coverage, address, or vehicle during the policy term may result in a rate adjustment.

How can I find affordable car insurance quotes?

To find affordable car insurance quotes, you can use our free quote comparison tool by entering your ZIP code. It allows you to compare rates from different companies near you. By obtaining multiple quotes and comparing them, you increase your chances of finding the most affordable option that meets your needs.

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