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 |
