Cheap Car Insurance for the Military Community
Auto insurance discounts based on military service are available in a variety of ways for current and former service members. Veterans and active-duty military personnel can take advantage of discounts from a number of insurers.
USAA, one of the companies we looked at, only sells car insurance to members of the US military. It also has some of the lowest rates among the companies we looked at in a number of categories.
In our analysis, USAA has the lowest rates for drivers with clean driving records, almost 34% lower than the national average. Based on our data, it is also the cheapest option for people with a single speeding ticket or accident on their record. Additionally, the company provides the cheapest automobile insurance for motorists seeking minimal coverage.
Good drivers can save money on car insurance: Geico
Drivers with clean driving records are likely to save the most when they choose Geico over the national average, unless they are eligible for USAA membership, which requires a military connection.
According to our data, Geico’s average annual rate for good drivers is $1,250, which is $297 less than the national average and represents a savings of just over 19%.
Your driving record plays a significant role in determining how much you will pay for auto insurance, regardless of which company you choose. Accidents and traffic violations, such as tickets for speeding, can significantly lower insurance premiums.
On the other hand, having a clean driving record can get you lower rates and, in some cases, a discount on your insurance premium.
Teen Drivers Can Save Money on Car Insurance: Geico and State Farm According to our data,
Geico and State Farm have the cheapest sample rates for insuring teen drivers, the demographic with the highest average cost of insurance. In our analysis, Geico’s rates for male 17-year-old drivers are among the lowest, while State Farm’s average rates for female 17-year-old drivers are the lowest. For individuals from the tactical local area, USAA has the least rates for both male and female youngsters.
Our data indicate that Geico has the lowest average annual rate for teenage male drivers, at $3,742. That amounts to a savings of almost 35%, or $2,008 less than the national average. The company’s $3,478 rate for teenage female drivers is $1,586 lower than the typical national rate.
State Farm has the lowest rate among the companies we looked at for female teen drivers, at $3,280. This is $35% less than the national average, which is $1,784. The annual cost of the policy is $4,019, or a difference of $1,731 from the national average, and it is also affordable for male teen drivers.
Senior Drivers Can Save Money on Car Insurance: State Farm seniors have some of the lowest auto insurance rates among the groups we looked at. According to our data, State Farm offers the lowest annual average rates for seniors for drivers who are not eligible for USAA membership.
The married 60-year-old male and female drivers’ sample annual rate from State Farm is $1,134. That is $198 less than the average for females and $242 less than the average for males in the United States.
Cheap auto insurance after a ticket for speeding: State Farm Because a ticket for speeding can have an effect on a policyholder’s car insurance rates for years, it’s important to weigh your options when deciding on coverage after a ticket.
State Farm has the lowest annual rates among the insurance companies in our ranking of the Cheapest Car Insurance Companies of 2023, with the exception of USAA’s offerings, which are only available to military personnel.
Our data indicate that State Farm’s sample rate of $1,413 is approximately 10% higher than its average annual premium for drivers with clean driving records, or $134. The company charges $522 less than the national average for a driver who has only been caught speeding.
After a speeding ticket, insurers typically raise rates, but some increases are easier to bear than others. You can find the lowest premiums by comparing prices.