Compare Best High-Risk Car Insurance Companies in 2024 (Top Companies)
Compare best high-risk car insurance companies such as State Farm, Progressive, and Allstate. Renowned for exceptional customer service, innovative solutions, and comprehensive coverage, these companies stand out as the best in ensuring satisfaction and reliability for high-risk drivers.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
Licensed Insurance Agent
UPDATED: Feb 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
When you compare high-risk car insurance companies such as State Farm, Progressive, and Allstate, you’ll find that these providers lead in customer service, innovation, and claims satisfaction. They offer top-notch coverage and rates, prioritizing customer needs to stand out as reliable and affordable options for high-risk car insurance.
Company | Rank | See Pros/Cons | Multi-Policy Discount | Low-Mileage Discount | Best For |
---|---|---|---|---|---|
#1 | State Farm | 10% | 15% | Customer Service | |
#2 | Progressive | 12% | 20% | Innovative Technology | |
#3 | Allstate | 15% | 10% | Claim Satisfaction | |
#4 | Liberty Mutual | 10% | 18% | Comprehensive Coverage | |
#5 | Nationwide | 8% | 12% | Bundling Policies | |
#6 | Farmers | 12% | 15% | Customizable Policies | |
#7 | American Family | 10% | 14% | Loyalty Discounts | |
#8 | AAA | 7% | 10% | Roadside Assistance | |
#9 | USAA | 12% | 15% | Military Affiliation | |
#10 | Esurance | 10% | 12% | Online Convenience |
If you need high-risk insurance it is in your interest to find the best high car risk insurance companies around.
More car insurance companies are now offering high-risk insurance policies, giving you more options from which to choose.
Every state has different laws regarding car insurance products, so an insurance company that is best in one state may not necessarily be the best in another state.
Compare multiple high-risk car insurance quotes online along with standard car insurance quotes by entering your ZIP code above.
#1 – State Farm: A Cornerstone in Customer Service Excellence
State Farm stands out as the top choice for high-risk car insurance, combining customer service excellence with comprehensive coverage options.
Melanie Musson Published Insurance Expert
Pros
- Distinguished customer service: State Farm stands out for its unwavering commitment to providing exceptional customer service, ensuring clients feel supported and valued.
- Holistic savings: With a 10% multi-policy discount, State Farm promotes financial efficiency by rewarding customers who bundle various insurance coverages.
- Mileage-driven savings: A 15% low-mileage discount caters to those who drive less, offering substantial cost savings for more conscientious motorists.
Cons
- Innovation lag: State Farm might be perceived as trailing in innovative technology, potentially limiting the array of digital features available to customers.
- Moderate claim satisfaction: While customer service is strong, some clients may find that claim satisfaction scores hover around the industry average.
Read more: State Farm Car Insurance Review
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#2 – Progressive: Pioneering the Future of Insurance With Technological Ingenuity
Pros
- Technological advancements: Progressive leads the industry with its commitment to cutting-edge technology, providing clients with innovative tools and features for a modern insurance experience.
- Synergistic savings: Offering a substantial 12% multi-policy discount, Progressive empowers clients to save comprehensively by bundling various insurance policies.
- Mileage-optimized discounts: A noteworthy 20% discount for low-mileage drivers showcases Progressive’s dedication to rewarding customers who prioritize sustainable driving habits.
Cons
- Potential premiums: Progressive’s commitment to innovation may result in slightly higher premiums, as the cost of advanced technology and features is reflected in the pricing.
- Varied customer experiences: While many customers enjoy Progressive’s innovative approach, some may find that the experience is not universally consistent across all policyholders.
Read more: Progressive Car Insurance Review
#3 – Allstate: Ensuring Satisfaction Through Comprehensive Claims Service
Pros
- Top-tier claim satisfaction: Allstate shines in customer satisfaction, particularly in the realm of claims, ensuring clients experience a smooth and gratifying process.
- Multi-policy perks: Offering a 15% multi-policy discount, Allstate encourages customers to consolidate their insurance needs, providing both convenience and savings.
- Balanced savings: A 10% discount for low-mileage drivers reflects Allstate’s commitment to fair and balanced savings for all policyholders.
Cons
- Competitive pricing: While claim satisfaction is high, some clients may find that Allstate’s premiums are slightly more competitive than those of other providers.
- Limited technological innovations: Allstate may not be at the forefront of technological innovations, potentially limiting the availability of advanced digital tools for customers.
Read more: Allstate Car Insurance Review
#4 – Liberty Mutual: Comprehensive Coverage for Peace of Mind
Pros
- Extensive coverage options: Liberty Mutual stands out for its comprehensive coverage offerings, ensuring policyholders can tailor their insurance to suit their unique needs.
- High multi-policy discount: A substantial 10% discount for bundling policies makes Liberty Mutual an attractive option for those seeking comprehensive coverage.
- Mileage-driven savings: An 18% discount for low-mileage drivers reinforces Liberty Mutual’s commitment to rewarding safe and responsible driving habits.
Cons
- Pricing considerations: Liberty Mutual’s comprehensive coverage may come at a slightly higher price point, potentially making it less competitive for budget-conscious customers.
- Innovative shortcomings: While strong in coverage, Liberty Mutual may not lead in terms of adopting the latest technological innovations in the insurance industry.
Read more: Liberty Mutual Car Insurance Review
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#5 – Nationwide: Streamlining Protection Through Policy Bundling
Pros
- Policy bundle advantages: Nationwide excels in providing customers with an 8% multi-policy discount, encouraging them to consolidate their insurance needs for added savings.
- Moderate multi-policy savings: A 12% discount for low-mileage drivers ensures that Nationwide’s commitment to savings extends to various policyholders.
- Flexibility through bundling: Nationwide’s focus on bundling policies offers clients flexibility and convenience in managing their insurance coverage.
Cons
- Mid-range discounts: While Nationwide provides solid discounts, some competitors may offer higher savings, potentially making it less appealing to price-sensitive customers.
- Average technological features: Nationwide’s technological offerings may be perceived as standard, lacking some of the more advanced features available with other providers.
#6 – Farmers: Tailored Policies for Personalized Coverage
Pros
- Customizable coverage: Farmers Insurance is renowned for its flexibility, allowing policyholders to tailor their coverage to meet their unique needs.
- Multi-policy incentives: A 12% multi-policy discount encourages customers to consolidate their insurance needs with Farmers, maximizing savings.
- Enhanced savings for low-mileage: A 15% discount for low-mileage drivers reinforces Farmers’ commitment to rewarding safe driving habits.
Cons
- Potentially higher premiums: Farmers’ customizable policies may come with slightly higher premiums, as the tailored coverage is reflected in the pricing.
- Technological standardization: While Farmers offers digital tools, it may not be on the cutting edge of technological innovations, potentially limiting the digital experience for some customers.
Read more: Farmers Car Insurance Review
#7 – American Family: Nurturing Loyalty Through Discounts
Pros
- Loyalty discounts: American Family stands out by rewarding customer loyalty with a 10% discount, providing incentives for long-term policyholders.
- Multi-policy benefits: A 14% multi-policy discount encourages customers to bundle their insurance needs, maximizing convenience and savings.
- Customizable policies: American Family offers policyholders the flexibility to customize their coverage, ensuring that individuals can tailor their insurance to meet specific needs.
Cons
- Claim satisfaction variation: While many customers experience high satisfaction, there may be some variation in the claim satisfaction levels, impacting the overall customer experience.
- Average technological offerings: American Family’s technological features may be perceived as standard, lacking the innovation seen with some competitors.
Read more: American Family Car Insurance Review
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#8 – AAA: Roadside Assistance and Beyond
Pros
- Roadside assistance: AAA distinguishes itself by offering reliable and comprehensive roadside assistance, providing peace of mind for policyholders.
- Multi-policy benefits: A 7% multi-policy discount encourages customers to bundle their insurance needs with AAA, promoting savings.
- Reputable network: AAA’s extensive network of service providers ensures policyholders have access to reliable assistance, contributing to a positive customer experience.
Cons
- Premium considerations: AAA’s focus on roadside assistance may lead to slightly higher premiums, particularly when compared to providers with a more extensive range of coverage options.
- Limited technological features: While offering basic digital tools, AAA may not provide the same level of advanced technological features as some competitors.
Read more: AAA Car Insurance Review
#9 – USAA: Serving Those Who Serve
Pros
- Military affiliation benefits: USAA stands out by providing specialized benefits for military personnel, including a 12% multi-policy discount.
- Highly regarded customer service: USAA consistently receives high marks for customer service, ensuring military members and their families feel well-supported.
- Financial strength: USAA’s solid financial standing provides policyholders with confidence in the company’s ability to fulfill its commitments.
Cons
- Membership limitations: USAA is exclusively available to military members and their families, limiting access for the general public.
- Technological advancements: While strong in customer service, USAA may not be at the forefront of technological innovations seen with some competitors.
Read more: USAA Car Insurance Review
#10 – Esurance: Convenience in the Digital Era
Pros
- Online convenience: Esurance excels in providing a seamless online experience, making it convenient for customers to manage their policies and claims.
- Multi-policy savings: A 10% multi-policy discount encourages customers to consolidate their insurance needs with Esurance, maximizing savings.
- Tech-driven efficiency: Esurance’s emphasis on online convenience streamlines processes, providing policyholders with efficient and user-friendly digital interactions.
Cons
- Customer service variability: Esurance’s reliance on online interactions may result in some variability in customer service experiences.
- Technological focus: While strong in online convenience, Esurance may prioritize technological features over traditional customer service channels, potentially impacting certain customer preferences.
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High-Risk Car Insurance Coverage Rates Overview
Understanding the average monthly car insurance rates is crucial for high-risk drivers seeking comprehensive coverage. The table below provides a detailed overview of the minimum and full coverage rates offered by various insurance companies.
Company | Minimum Coverage | Full Coverage |
---|---|---|
State Farm | $33 | $86 |
Progressive | $39 | $105 |
Allstate | $61 | $160 |
Liberty Mutual | $68 | $174 |
Nationwide | $44 | $115 |
Farmers | $53 | $139 |
American Family | $44 | $117 |
AAA | $32 | $86 |
USAA | $22 | $59 |
Esurance | $49 | $128 |
When exploring coverage rates for high-risk car insurance, the table showcases significant variations among the top insurance providers. State Farm offers budget-friendly options with a minimum coverage rate of $33 and a competitive full coverage rate of $86. Progressive, known for technological innovation, presents rates at $39 for minimum coverage and $105 for full coverage.
Allstate, emphasizing comprehensive claims service, stands at $61 for minimum coverage and $160 for full coverage. The rates provided by Liberty Mutual, Nationwide, Farmers, American Family, AAA, USAA, and Esurance further demonstrate the diversity of options available to high-risk drivers.
Careful consideration of these rates allows individuals to tailor their insurance choices to their unique circumstances, balancing cost-effectiveness with the level of coverage needed.
What is considered high-risk insurance?
Every state has requirements set forth that insurance companies must comply with in order to do business in that state. Most insurance companies operate in multiple states, which means the insurance company’s requirements and rating structure may differ depending on where you live.
To find out what is legal in your state, you can check with the Insurance Commissioner of your state for a list of their rules.
For example, one state may allow a high-risk insurance company to use your credit report for determining your car insurance rate while another state may disallow the use of it.
Depending on your credit score and where you live, this may or may not be in your best interest with the various car insurance companies.
Reputation and Customer Service for High-Risk Insurance Companies
While it may be tempting to buy car insurance from the insurance company that offers you the lowest rate, that may not always be the best choice.
If you are ever in an accident involving a claim, you need an insurance company that is going to be there for you to assist with the claims handling process quickly and efficiently.
Customer service is important whether you have a general question about your policy or an actual claim that needs to be submitted.
Some insurance companies are available by phone, local offices, and websites that allow you to do live chats 24/7 or even pay your bill or submit a claim online.
Reputation is a crucial factor in selecting an insurance company.
A business with a strong financial rating is important in the event you have a valid claim that needs to be paid.
A company that offers quality customer service, an excellent reputation, and fair rates is one of the best high-risk insurance companies.
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Case Studies: High-Risk Car Insurance Companies
Case Study 1: State Farm- A Cornerstone in Customer Service Excellence
A bustling urban dealership faced the challenge of securing high-risk car insurance with a focus on customer service excellence. State Farm emerged as the cornerstone, providing not only comprehensive coverage options but also excelling in customer service.
The dealership, navigating the complexities of urban traffic and diverse vehicles, found State Farm’s rates budget-friendly, with a minimum coverage rate of $33 and a competitive full coverage rate of $86. By prioritizing customer needs and aligning with State Farm’s commitment to satisfaction, the dealership thrived in a high-risk environment.
Case Study 2: Progressive- Pioneering the Future of Insurance
A family-oriented suburban dealership sought innovation and technological ingenuity in high-risk car insurance. Progressive, known for pioneering the future of insurance, became the preferred choice. Suburban Auto Haven capitalized on Progressive’s forward-thinking approach, implementing safe driving practices to maximize incentives.
With rates at $39 for minimum coverage and $105 for full coverage, the dealership found a balance between innovation and affordability, ensuring a secure and forward-looking high-risk insurance solution.
Case Study 3: Allstate- Ensuring Satisfaction Through Comprehensive Claims Service
Specializing in trucks and agricultural vehicles, a rural dealership prioritized comprehensive claims service in its high-risk insurance search. Allstate, renowned for its commitment to satisfaction, provided tailored policies for personalized coverage.
Rural Trucks & More valued Allstate’s rates, standing at $61 for minimum coverage and $160 for full coverage. Despite higher premiums, the dealership prioritized peace of mind and a comprehensive claims service, solidifying a partnership that catered to its niche market in the high-risk landscape.
Who has the cheapest high-risk insurance?
Insurance companies charge a higher premium for high-risk insurance policies than for policies that are issued for drivers who qualify for standard car insurance.
The rate may be based on a few different factors, including your age, driving record, credit report, and what constitutes you as a high-risk driver.
Once you are considered to be a high-risk driver then you are most likely going to pay a lot more for your car insurance. However, that does not mean that every insurance company will offer you the same rate.
Most insurance companies do have competitive pricing, so you can get a lower rate by simply shopping around for one. You can shop for rates now by entering your ZIP code in the quote tool provided.
Frequently Asked Questions
What is high-risk insurance?
High-risk insurance is coverage for drivers who are considered more likely to file claims or be involved in accidents due to factors like their driving record or credit report.
How can I find out the requirements in my state?
Check with your state’s Insurance Commissioner to learn about the specific legal requirements and regulations for high-risk insurance in your state.
What should I consider when choosing a high-risk insurance company?
Consider factors like reputation, customer service, and financial stability when selecting a high-risk insurance company.
Which company offers the cheapest high-risk insurance?
High-risk insurance premiums are generally higher, but rates can vary among insurance companies. It’s best to compare quotes from multiple companies to find the most affordable option.
How can I save on high-risk insurance?
While high-risk insurance may be more expensive, you can potentially save by maintaining a clean driving record, improving your credit score, and taking advantage of any available discounts offered by insurance companies.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.