Carrier vs. Carrier Comparisons
Geico, Progressive, and State Farm are the leading providers of the cheapest broad form car insurance coverage.
Keep reading to explore the unique features of these insurance providers, focusing on coverage details, customer satisfaction, and discounts.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | $48 | A++ | Low Rates | Geico |
 |
#2 | $50 | A++ | Military Focus | USAA |
 |
#3 | $54 | B | Customer Service | State Farm |
 |
#4 | $59 | A+ | Innovative Tools | Progressive |
 |
#5 | $63 | A+ | Multiple Policies | Nationwide |
 |
#6 | $66 | A | Insurance Discounts | Farmers |
 |
#7 | $67 | A++ | National Presence | Travelers |
 |
#8 | $72 | A+ | Local Agents | Allstate |
 |
#9 | $74 | A | Financial Strength | Liberty Mutual |
Monthly broad form insurance rates start at $48 since it only includes minimum coverage. Our practical guide to car insurance explains how this coverage works so you can pick the best company.
Get the right car insurance at the best price — enter your ZIP code above to shop for coverage from the top insurers.
What You Should Know
- Broad form car insurance only covers one driver per policy
- Geico provides top broad form coverage starting at $48/month
- USAA is the best broad form insurance company for military drivers
#1 – Geico: Top Overall Pick
Pros
- Affordable Rates: Known for its low rates, Geico makes broad form car insurance coverage accessible for budget-conscious consumers.
- Efficient Claims Process: Geico offers a swift and effective process when you file a car insurance claim under broad form policies.
- Extensive Online Tools: Geico offers a range of convenient mobile and online features to manage broad form car insurance coverage.
Cons
- Coverage Limitations: Some customers may find Geico's broad form car insurance coverage options less flexible than those of other insurers.
- Customer Service Variability: Some policyholders report inconsistent experiences with customer service regarding their broad form car insurance claims.
#2 – USAA: Cheapest for Military Members
Pros
- Tailored to Military: USAA broad form car insurance coverage is specifically designed to meet the needs of military members with relevant discounts.
- High Customer Satisfaction: USAA consistently receives high marks for customer service and satisfaction for broad form car insurance.
- Competitive Pricing: Our USAA review highlights its competitive broad form car insurance rates.
Cons
- Limited Eligibility: USAA broad form insurance is only available to military members, veterans, and their families, limiting accessibility for the general public.
- Complex Policy Options: Some users find USAA’s broad form car insurance policies complex and challenging to navigate.
#3 – State Farm: Best for Customer Service
Pros
- Affordable Broad Form Coverage: Compare broad form insurance quotes in our State Farm review to see if it fits your budget.
- Superior Customer Support: State Farm is renowned for its excellent customer service in managing broad form car insurance policies.
- Wide Availability: State Farm offers broad form car insurance coverage nationwide, with agents readily available to assist.
Cons
- Varied Agent Experience: The quality of service can vary significantly depending on the individual agent handling the broad form car insurance.
- Low Financial Ratings: State Farm has a lower A.M. Best rating than the other broad form insurance companies on this list.
#4 – Progressive: Best Innovative Tools
Pros
- Online Budgeting Tools: Our Progressive review explains how drivers can use the Name Your Price Tool to pick broad form insurance that fits their budgets.
- Usage-Based Discounts: Progressive offers unique discounts and features like Snapshot, rewarding safe driving with cheaper broad form insurance rates.
- Strong Online Tools: Progressive’s online tools and mobile app make managing broad form car insurance policies straightforward and user-friendly.
Cons
- Pricing Fluctuations: Some customers report fluctuations in broad form car insurance rates with policy renewals.
- Claim Resolution Issues: There are occasional customer reports of slow claim resolution processes for broad form car insurance.
#5 – Nationwide: Cheapest With Multi-Policy Discounts
Pros
- Bundling Discounts: Provides significant discounts for bundling broad form car insurance with other types of insurance, enhancing overall affordability.
- Reliable Claims Service: Nationwide ensures quick responses for broad form car insurance issues. Learn more in our Nationwide review.
- Widespread Availability: Nationwide broad form auto insurance is available in 44 states.
Cons
- Premium Costs: Some customers find Nationwide's premiums for broad form car insurance higher than some competitors, especially without bundling.
- Policy Complexity: The variety of options can make understanding and choosing the right broad form car insurance coverage challenging for some customers.
#6 – Farmers: Cheapest With Discounts
Pros
- More Unique Discounts: Farmers has more broad form car insurance discounts than other companies, including first responder and other occupational discounts.
- Discounts for Multiple Policies: Farmers provides a competitive 20% discount when you bundle broad form car insurance with other policies.
- Dedicated Agents: With access to dedicated agents, explore our Farmers review to learn more about how they help craft the perfect broad form car insurance coverage.
Cons
- Higher Rate Tendency: Farmers broad form car insurance rates can be on the higher side compared to the industry average.
- Mixed Customer Reviews: Customer satisfaction can vary, with some reporting excellent service and others noting difficulties with broad form car insurance claims.
#7 – Travelers: Best for National Presence
Pros
- Wide Coverage Availability: Travelers offers broad form car insurance coverage across a large geographic area, ensuring availability for most customers.
- Risk Management Tools: Travelers has excellent risk management tools and resources to help customers manage their broad form car insurance effectively.
- Stable Financial Status: Read our Travelers reviews to see how its financial stability gives customers confidence in its broad form insurance coverage.
Cons
- Cost Variability: Some customers report variability in Travelers broad form car insurance pricing and rates.
- Standardization Issues: Some customers feel that Travelers broad form insurance offerings are too standardized and may not fit individual local needs perfectly.
#8 – Allstate: Best Local Agents
Pros
- Helpful Agents: Allstate agents are known for being helpful and knowledgeable in guiding customers through the options for broad form car insurance.
- Variety of Discounts: In our Allstate reviews, we detail a wide range of discounts to reduce the cost of broad form car insurance.
- Mileage-Based Options: Allstate Milewise helps low-mileage drivers get cheaper broad form car insurance.
Cons
- Pricing After Initial Term: Customers might experience a rise in broad form car insurance premiums after the initial discounted period.
- Claims Process Speed: Some policyholders have expressed concerns over the speed and efficiency of the claims process for broad form car insurance.
#9 – Liberty Mutual: Best for Financial Strength
Pros
- Solid Financial Foundation: Liberty Mutual’s strong financial standing ensures reliability and the ability to cover broad form car insurance claims effectively.
- 24/7 Claims Service: Our Liberty Mutual review highlights more Liberty Mutual broad form car insurance customer service reviews.
- Accident Forgiveness: Includes accident forgiveness in broad form car insurance plans, which can prevent rate increases after the first at-fault accident.
Cons
- Higher Costs for Some: Some customers report higher costs for broad form car insurance coverage with Liberty Mutual.
- Low Customer Satisfaction: Even with fast and speedy claims service, Liberty Mutual has lower driver satisfaction than other broad form insurance providers.
Compare Rates for Affordable Broad Form Car Insurance
Broad form car insurance coverage only includes your state's minimum requirements, so it's often the cheapest auto insurance on the market. See how broad form insurance costs compare to full coverage below:
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $72 | $137 |
| Farmers | $66 | $128 |
| Geico | $48 | $104 |
| Liberty Mutual | $74 | $146 |
| Nationwide | $63 | $129 |
| Progressive | $59 | $121 |
| State Farm | $54 | $116 |
| Travelers | $67 | $130 |
| USAA | $50 | $109 |
The best and cheapest car insurance companies like Geico, USAA, and State Farm offer broad form car insurance with rates starting as low as $48 per month.
When shopping for the cheapest broad form insurance, it's essential to weigh several factors that influence both your coverage and your rates:
- Coverage Specifics: Understand what broad form insurance covers. It typically insures the driver rather than the car, which can significantly impact your protection scope.
- Financial Stability of Insurers: Choose companies that are financially sound to ensure they can cover claims effectively. This is crucial during unexpected events.
- Eligibility Requirements:_ Some insurers may have specific criteria for eligibility, especially for discounts or particular coverage types. Verify that you meet these requirements to take full advantage of cheaper rates.
Always compare quotes from multiple providers to find the best rate for your situation. Tools that allow you to enter your ZIP code to shop coverage options can be particularly helpful.
The secret to obtaining the best value on broad form insurance lies in understanding the details of your policy and utilizing available discounts.
Unlock Broad Form Car Insurance Savings With Top Discounts
Reduce car insurance costs with safe driver, multi-policy, good student discounts, and more. This table breaks down the broad form car insurance discounts available by company:
Choosing the right way to buy car insurance is about more than just rates — it's about maximizing discounts. Compare options from Geico, USAA, and State Farm to benefit from savings on safe driving, loyalty, and more.
data-media-max-width="560">GEICO Car Insurance for Rental Vehicles https://t.co/EnFs9I1R49 via @Cardshure
— Ala Sr (@Unclebigdreamz_) August 27, 2024
Armed with this knowledge, you're ready to choose a broad form policy that balances cost-effectiveness with thorough coverage.
More Ways to Secure Cheap Broad Form Car Insurance
If you're wondering how to get cheap car insurance, broad form coverage will have the lowest premiums. It only provides minimum liability coverage in most states.
Broad form liability insurance is already cheap, but you can get even lower rates with a few pivotal strategies:
- Compare Multiple Quotes: Getting car insurance quotes online allows you to find the best price for the coverage you need.
- Maximize Discount Usage: Common discounts include those for safe drivers, multi-car policies, and academic achievements for students.
- Review and Adjust Coverage Annually: Your insurance needs can change over time. Regularly reviewing and adjusting your coverage ensures you’re not overpaying.
By implementing these effective strategies, you can obtain broad form car insurance that suits your budget.
Choose the Right Broad Form Car Insurance Company
You can get the cheapest broad form car insurance coverage from leading providers such as Geico, USAA, and State Farm.
When you’re ready to see how much you can save on your car insurance, enter your ZIP code below into our free comparison tool.
Frequently Asked Questions
What is the cheapest broad form car insurance available?
The cost of broad form car insurance can vary widely depending on the insurer and the driver's location, driving history, and other factors. It is typically cheaper than full coverage because it offers more limited protection.
Is broad form car insurance suitable for drivers with multiple vehicles?
Yes, broad form car insurance can be a cost-effective solution for drivers who own multiple vehicles, as it allows the insured to drive any vehicle covered by the policy. However, it's important to note that it only covers the policyholder and no other drivers.
What is broad form car insurance coverage?
What is broad form insurance, and what does it cover? It's a type of auto insurance that covers the driver rather than a specific vehicle. It provides liability coverage for any vehicle the insured person drives, making it more flexible but also limited in terms of the scope of coverage.
What are the limitations of liability in broad form car insurance?
The main limitation is that it only covers the insured driver’s liability for damages to others and does not cover damages to the driver’s own vehicle. Additionally, it doesn't provide coverage for other drivers using the insured's vehicle.
How does broad form car insurance impact claims in multi-car accidents?
In multi-car accidents, broad form insurance will cover the liability of the insured driver up to the limits set in the policy. However, if damages exceed these limits, the insured may be personally responsible for the additional costs.
How does broad form car insurance differ from full coverage insurance?
Broad form insurance only includes minimum liability coverage. What is liability car insurance? It pays for damages to other people or property if the insured is at fault in an accident.
Does broad form car insurance meet minimum legal requirements in all states?
Broad form insurance meets the minimum liability coverage requirements in many states. It's essential to check local regulations to ensure that this type of insurance is compliant where the insured lives and drives.
Can broad form car insurance cover medical expenses in accidents?
Broad form insurance typically does not include personal injury protection or medical payments (MedPay) insurance unless legally required by the state.
What types of vehicles are ineligible for broad form car insurance?
Vehicles that are commonly excluded from broad form coverage include commercial vehicles, motorcycles, and in some cases, high-value or specialty vehicles. The specifics can vary by insurance company.
Who should consider purchasing broad form car insurance?
It's ideal for individuals who own multiple cars or frequently switch vehicles. It can also benefit drivers looking for a cost-effective way to meet state minimum liability requirements. Our free online comparison tool allows you to compare cheap car insurance quotes instantly.