Motley Fool Money’s 2022 Car Insurance Awards Winners award banner Motley Fool Money’s 2022 Car Insurance Awards Winners

Updated

Car insurance ratings methodology

Ratings methodology

To determine the Best Auto Insurance awards for 2022, Motley Fool Money’s experts evaluated accounts with our ratings model, focusing on industry factors and user benefits, including: 

  • Competitive rates
  • Geographic coverage areas
  • Customer service
  • Insurance options

Top-rated offerings were selected that we think represent the top pick for most people. Our final awards winners were determined by vote to ensure objectivity, with a final Golden Rule check: would we recommend them to a family or friend? Special attention was also paid to: 

  • Coverage flexibility after an accident
  • Maximum coverage amounts
  • Application process

For 2022, we’ve introduced an exciting update, our Editors’ Choice awards. These awards are favorites from our experts, tailored to unique consumer needs, allowing us to explore a more diverse range of offerings and user experiences.

Best Car Insurance Overall

State Farm

State Farm
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor

When reviewing our criteria for best overall car insurance carriers, State Farm excels across the board. From its solid customer service marks to competitive pricing and a wide variety of discount options, State Farm has a lot to offer consumers.

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Best Cheap Car Insurance

Geico

Geico
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor

When looking at both national and regional auto insurance rate data, Geico is consistently one of the cheapest options available time and time again. This holds true across driver categories. From new drivers to experienced and from drivers with excellent driving records to those with an accident or speeding history, Geico is typically cheaper than the overall average.

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Best Car Insurance for Teens/New Drivers

Allstate

Allstate
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor

There were several worthy candidates for this category, but Allstate came out on top due to it’s consistently lower rates across the nation for teens and new drivers. Couple that with discount options available to drivers of all ages, and Allstate is our winner in this category.

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Best Car Insurance for Veterans

USAA

USAA
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor

Due to excellent customer service scores and low rates for qualifying members, USAA is our clear-cut choice for the best car insurance for veterans. USAA is the gold standard when it comes to insurance for our nation's military and their family members -- and that hasn’t changed this year.

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Best Car Insurance for Rideshare Drivers

Geico

Geico
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor

Geico typically has very competitive rates, and that also holds true for rideshare drivers. Combine this with the fact that Geico offers deductible reimbursement and this is why it was selected as our top choice for rideshare drivers.

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Best Car Insurance for Bad Credit

Geico

Geico
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor

Looking at national data trends, Geico typically comes in close to 14% cheaper for drivers with poor credit than the average carrier. This falls in line with what we've seen from Geico and their competitive pricing across all driver profiles.

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Best High Risk Car Insurance

State Farm

State Farm
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor

Insurance rates for high-risk drivers can escalate quickly. However we consistently saw State Farm rates track lower than most of the competition when it comes to high-risk drivers and those who have an accident or speeding ticket on their driving record.

Read full review

*A complete list of 2022 award winners, from credit cards to stock brokers, can be found here.

**You can also find more car insurance companies to compare by checking out Motley Fool Money's best car insurance companies page.

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