Carrier vs. Carrier Comparisons
Progressive, Geico, and Nationwide are the top cheap car insurance companies for high-risk drivers.
These providers stand out with affordable high-risk car insurance rates starting at $140/month.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
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#1 | $140 | A+ | Competitive Rates | Progressive |
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#2 | $145 | A++ | Extensive Discounts | Geico |
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#3 | $150 | A+ | Reliable Service | Nationwide |
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#4 | $155 | B | Local Agents | State Farm |
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#5 | $157 | A | Strong Coverage | Mercury |
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#6 | $160 | A | Accident Forgiveness | Farmers |
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#7 | $163 | A+ | Good Reputation | The Hartford |
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#8 | $165 | A | Flexible Policies | American Family |
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#9 | $170 | A++ | Customer Focused | Auto-Owners |
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#10 | $175 | A+ | Nationwide Presence | Allstate |
If you need more comprehensive coverage, check out the top 10 car insurance companies for high-risk drivers, which will be more expensive. Keep reading to find minimum high-risk insurance coverage at the best price.
Find cheap high-risk car insurance quotes now by entering your ZIP code above.
What You Should Know
- Progressive offers tailored insurance for high-risk drivers, starting at $140/month
- Geico has the best car insurance discounts for high-risk drivers
- Compare quotes from multiple companies to find the cheapest high-risk car insurance near you
#1 – Progressive: Top Overall Pick
Pros
- Budget-Friendly High-Risk Plans: Progressive provides the cheapest high-risk insurance starting at $140/month.
- Discounts via Snapshot Program: High-risk drivers can reduce their premiums by utilizing the Snapshot program, which rewards safe driving habits.
- Accident Forgiveness Perk: Progressive offers small accident forgiveness with every policy, preventing rate hikes for high-risk drivers after a minor accident.
Cons
- Limited In-Person Agent Support: High-risk drivers preferring direct interaction may struggle with limited agent access.
- Reduced Discounts for Younger Drivers: Younger high-risk drivers might not qualify for as many price reductions. Read more in our Progressive car insurance review.
#2 – Geico: Cheapest With Extensive Discounts
Pros
- Abundant Discounts for High-Risk Drivers: Geico provides a variety of discounts for high-risk insurance, such as membership and low-mileage discounts.
- Convenient Mobile Management: High-risk drivers can easily manage policies and claims using the Geico app. Here's what customers say about insurance apps.
- Competitive Rates: Geico high-risk car insurance starts at $145/month.
Cons
- Harsh Penalties for Policy Lapses: Lapses in coverage could result in significant premium increases for high-risk drivers.
- Coverage Limitations: Some high-risk policyholders have noted gaps in coverage under specific circumstances.
#3 – Nationwide: Cheapest and Reliable Service
Pros
- Annual "On Your Side" Review: High-risk policyholders benefit from yearly policy reviews, ensuring optimal coverage and pricing.
- Stable A+ Financial Rating: Nationwide’s financial strength offers peace of mind for high-risk drivers. Learn more by reading our Nationwide car insurance review.
- Vanishing Deductible Benefit: For high-risk drivers, Nationwide’s vanishing deductible rewards safe driving, gradually lowering deductibles over time.
Cons
- Limited Discounts for High-Risk Drivers: High-risk customers may not qualify for as many discounts compared to competitors.
- Mobile App Limitations: Some high-risk users find Nationwide’s mobile platform lacking compared to other providers.
#4 – State Farm: Cheapest From Local Agents
Pros
- Large Network of Local Agents: High-risk drivers can access personalized assistance through State Farm’s expansive agent network.
- Paid-in-Full Discounts: State Farm provides 15% discounts on high-risk car insurance if you pay your annual policy in full instead of monthly.
- 24/7 Support: High-risk drivers have access to round-the-clock customer service whenever they need help. Read our full State Farm car insurance review.
Cons
- Fewer Digital Tools: High-risk drivers seeking more robust online options may find State Farm’s offerings limited.
- Discounts Vary by Location: Some high-risk drivers may experience fewer discounts depending on their geographical area.
#5 – Mercury: Best for Strong Coverage
Pros
- Extensive Coverage for High-Risk Drivers: Mercury offers broad, customizable coverage suited to the specific needs of high-risk drivers.
- Accident Forgiveness: Mercury provides accident forgiveness, preventing rate increases for high-risk drivers following their first mishap.
- Telematics for Safe Driving Discounts: High-risk drivers can leverage Mercury’s telematics system to earn savings for safe driving.
Cons
- Limited Availability in Some Areas: Mercury high-risk auto insurance isn't available in every state. Find coverage near you in our Mercury review.
- Fewer Discount Options: Mercury doesn’t offer as many high-risk insurance discounts compared to other companies.
#6 – Farmers: Cheapest for Accident Forgiveness
Pros
- First-Accident Forgiveness: High-risk drivers can buy accident forgiveness, shielding them from premium increases after an initial accident.
- Strong Customer Support: Farmers offers dependable and attentive customer service, valuable for high-risk drivers in need of assistance.
- Solid Financial Rating: Farmers’ A rating ensures security and stability for high-risk policyholders. Discover more ratings in our Farmers car insurance review.
Cons
- Higher Premiums: With base rates starting at $160/month, Farmers may be costly for certain high-risk drivers.
- Fewer Discounts Available: Farmers provides limited discount options for high-risk drivers compared to some competitors.
#7 – The Hartford: Cheapest and Good Reputation
Pros
- Reputable Provider for High-Risk Drivers: The Hartford is well-regarded for its commitment to offering quality policies for high-risk individuals.
- A+ Financial Strength Rating: The Hartford’s financial health ensures reliability for high-risk drivers looking for coverage.
- Dependable Roadside Services: The Hartford provides reliable roadside assistance for high-risk motorists in need. See details in our The Harford review.
Cons
- Limited Discount Availability: High-risk profiles may not have access to as many discounts as they might with other providers.
- Limited App Functionality: Some high-risk drivers have reported missing features in The Hartford’s mobile app.
#8 – American Family: Cheapest Flexible Coverage
Pros
- Customizable Options for High-Risk Drivers: American Family allows high-risk motorists to adjust coverage to match their specific needs.
- A-Rated Financial Stability: American Family’s A rating provides peace of mind for high-risk drivers seeking a reliable insurer.
- Safe Driving Discounts: High-risk drivers can earn rewards for maintaining safe driving habits with AmFam. Learn how in our review of American Family.
Cons
- Higher Monthly Rates: With premiums starting at $165/month, American Family high-risk insurance rates can be more expensive.
- Fewer Discounts for Younger Drivers: Younger high-risk drivers may not have access to as many available discounts.
#9 – Auto-Owners: Cheapest Customer-Focused Coverage
Pros
- Outstanding Customer Service: Auto-Owners stands out for its exceptional personalized service, especially helpful for high-risk drivers requiring extra guidance.
- Top-Tier Financial Rating: Auto-Owners holds an A++ financial rating for reliable high-risk insurance. View more ratings in our Auto-Owners review.
- Flexible Payment Plans: High-risk drivers can take advantage of payment plan options that make it easier to manage monthly premiums.
Cons
- Higher Base Rates: Starting at $170/month, Auto-Owners can be expensive for some high-risk drivers.
- Regional Availability Issues: Auto-Owners’ coverage may not be available in every area, limiting options for some high-risk drivers.
#10 – Allstate: Cheapest in More States
Pros
- Broad Coverage Across the U.S.: Allstate offers comprehensive high-risk car insurance coverage nationwide.
- 24/7 Customer Service Access: High-risk drivers have access to Allstate’s support team around the clock, ensuring help whenever needed.
- Strong A+ Financial Rating: Allstate’s high financial rating provides stability and reliability for high-risk drivers. Learn more in our Allstate car insurance review.
Cons
- Higher Price Point: With premiums beginning at $175/month, Allstate is among the more expensive options for high-risk drivers.
- Limited Discounts for Riskier Drivers: High-risk drivers may find fewer discount options available compared to other providers.
Affordable Coverage Options for High-Risk Drivers
High-risk drivers face higher premiums, but companies like Progressive, Geico, and Nationwide offer affordable high-risk drivers insurance.
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
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$175 | $305 |
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$165 | $280 |
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$170 | $290 |
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$160 | $275 |
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$145 | $250 |
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$157 | $270 |
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$150 | $260 |
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$140 | $240 |
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$155 | $265 |
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$163 | $278 |
One of the most critical factors that impact high-risk car insurance costs is your driving record, as prior accidents or traffic infractions frequently lead to increased premiums.
Many providers offer high-risk drivers coverage at discounted rates through accident forgiveness or other programs. Exploring ways to get cheap car insurance helps high-risk drivers find affordable options.
Tips for Reducing Car Insurance Costs for High-Risk Drivers
For high-risk drivers, finding ways to reduce car insurance premiums is essential. Below are some discounts to help bring down the cost of high-risk coverage.
| Insurance Company | Available Discount |
|---|---|
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Multi-policy, Safe driver, Multi-car, Good student, Home ownership, Online quote, Pay-in-full, Defensive driving |
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Multi-policy, Safe driver, Multi-car, Good student, Home ownership, Online quote, Pay-in-full, Defensive driving |
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Multi-policy, Safe driver, Multi-car, Good student, Home ownership, Online quote, Pay-in-full, Defensive driving |
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Multi-policy, Safe driver, Multi-car, Military, Good student, Federal employee, Online quote, Defensive driving |
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Multi-policy, Safe driver, Multi-car, Good student, Home ownership, Online quote, Pay-in-full, Defensive driving |
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Multi-policy, Safe driver, Multi-car, Good student, Home ownership, Online quote, Defensive driving |
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Multi-policy, Safe driver, Multi-car, Home ownership, Online quote, Pay-in-full, Paperless billing |
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Multi-policy, Safe driver, Multi-car, Good student, Home ownership, Drive Safe & Save, Defensive driving |
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Multi-policy, Safe driver, Multi-car, Good student, Home ownership, Online quote, Pay-in-full, Defensive driving |
One of the most impactful strategies to lower high-risk car insurance costs is improving driving habits, as maintaining a clean driving record over time can lead to lower premiums.
Opting for higher deductibles can also reduce monthly payments, though this means more out-of-pocket expenses in the event of a claim.
Looking to #writeoff 🚙 insurance on your taxes this year? See below for a few tips and don't forget to keep those receipts! #TaxSeasonhttps://t.co/WQLzXOLiv4 pic.twitter.com/3xCNcsFQWj
— Progressive (@progressive) April 3, 2024
Lastly, comparing rates regularly and switching to a provider with better rates or specific programs for high-risk drivers can make a substantial difference in overall costs.
Top Providers for High-Risk Driver Insurance
If you're looking for cheap car insurance companies for high-risk drivers, start with Progressive, Geico, and Nationwide.
Finding affordable auto insurance for high-risk drivers can be tough, but car insurance companies that customers recommend offer tailored plans that combine savings with strong protection.
Through discounts, accident forgiveness, and customized policy reviews, high-risk drivers can lower premiums while keeping adequate coverage.
Need the cheapest high-risk car insurance possible? Enter your ZIP code below into our free comparison tool to find the most affordable rates for your vehicle.
Frequently Asked Questions
What is the cheapest insurance for high-risk drivers?
The cheapest insurance for high-risk drivers often comes from companies like Progressive and Geico, known for offering affordable rates and discounts.
What is the best car insurance for high-risk drivers?
The best car insurance for high-risk drivers includes options like Progressive, Geico, and Nationwide, which provide flexible coverage and programs tailored for high-risk profiles.
Which age group pays the most car insurance for high-risk drivers?
Young drivers, particularly those under 25, pay the most for car insurance as high-risk drivers due to their lack of experience and higher accident rates. Find out when car insurance goes down after 25.
Do high-risk drivers pay lower insurance premiums?
No, high-risk drivers generally pay higher insurance premiums due to the increased likelihood of filing claims.
Do high-risk vehicles have high insurance premiums?
Yes, high-risk vehicles typically come with higher insurance premiums because they are more likely to be involved in accidents or incur damage.
Is USAA good for high-risk drivers?
USAA is a strong option for high-risk drivers who need military car insurance. It offers competitive rates and reliable coverage, but it’s only available to military members and their families.
Does Farmers Insurance cover high-risk drivers?
Yes, Farmers Insurance covers high-risk drivers and offers a variety of coverage options to meet their needs.
How do you lower car insurance for high-risk drivers?
To lower your car insurance as a high-risk driver, improve your driving record, take defensive driving courses, and compare rates from different providers regularly.
Why do car insurance companies charge more if you are high-risk?
Insurance companies charge more for high-risk drivers because they are statistically more likely to file claims, leading to higher costs for the insurer. Learn more about filing a car insurance claim."
Do high-risk drivers pay lower premiums for insurance than other drivers?
No, high-risk drivers typically pay higher premiums than other drivers because they present a greater risk to insurers.
Enter your ZIP code below into our free comparison tool to see how much car insurance costs in your area.