Cheap Car Insurance Companies | From $41/mo - NerdWallet
Cheap Car Insurance for August 2026
Travelers is the cheapest large car insurance company in the nation, with an average rate of $136 a month and $1,634 a year for full coverage, according to our August 2026 analysis.
Recent car insurance quotes for NerdWallet shoppers
Check out some of the car insurance quotes other drivers have gotten through NerdWallet Insurance Experts.
Quoted July 9, 2026
Travelers quoted this rate for a driver in Virginia. $74/mo*
Quoted June 22, 2026
Travelers quoted this rate for a driver in Arizona. $87/mo*
Quoted July 3, 2026
Travelers quoted this rate for a driver in New Jersey. $91/mo*
Quoted July 10, 2026
Travelers quoted this rate for a driver in Ohio. $99/mo*
Quoted July 8, 2026
Travelers quoted this rate for a driver in New Hampshire. $126/mo*
Quoted May 22, 2026
Bristol West quoted this rate for a driver in Arizona. $124/mo*
Quoted May 4, 2025
Foremost quoted this rate for a driver in Illinois. $91/mo*
The cheapest car insurance companies for August 2026
These are the cheapest monthly rates from some of the largest car insurance companies in the U.S. We can give you an up-to-date idea of what different driving profiles may pay for coverage, but it’s best to compare rates from a few companies to find your cheapest car insurance.
Coverage amounts
- Full coverage: Travelers, $136 per month
- Minimum coverage: GEICO, $41 per month
Driver age
- Young drivers | Progressive, $300 per month
- Millennial drivers | Travelers, $140 per month
- Gen X drivers | Travelers, $122 per month
- Senior drivers | Travelers, $132 per month
Driving record
- Speeding ticket | Travelers, $177 per month
- At-fault accident | Travelers, $188 per month
- DUI | Travelers, $237 per month
Credit history
- Good credit | Travelers, $136 per month
- Poor credit | Travelers, $231 per month
These are median rates from NerdWallet's August 2026 analysis. Your rate will vary based on your personal information, location and insurance provider. Not all companies offer policies in every state.
Cheapest car insurance for full coverage: Travelers
Travelers is the cheapest large auto insurance company in the nation for full coverage, which includes comprehensive and collision coverage. The average cost of this policy from Travelers is $136 a month or $1,634 a year, according to NerdWallet's August 2026 analysis.
What it does. Full coverage protects your car from most types of damage — even damage that’s your fault. For this reason, it’s a good choice for many drivers. If or when you pay off your car and you can afford to repair or replace it, you could drop full coverage to lower your insurance rates.
Do you need it? You may be required to have full coverage if you lease your car or have a loan. (Lenders might also require another add-on called gap coverage, which helps cover the gap between what you owe on a totaled car and its current value.) You may want full coverage if you own a new car, drive a car you couldn’t afford to replace or live in an area with extreme weather.
| Company | Median annual rate | Median monthly rate |
|---|---|---|
| Travelers | $1,634 | $136 |
| GEICO | $2,023 | $169 |
| Progressive | $2,062 | $172 |
| State Farm | $2,065 | $172 |
| USAA* | $1,588 | $132 |
*USAA is available only to military families, veterans and some federal employees.
Cheapest car insurance for minimum coverage: GEICO
GEICO is the cheapest large auto insurance company in the nation for minimum coverage, which includes only liability insurance and other types of coverage your state requires. Minimum coverage from GEICO costs $41 a month or $488 a year, on average, according to NerdWallet's August 2026 analysis.
What it does. After an accident your liability car insurance, which is usually a part of the minimum amount of coverage a state requires, helps to pay for the injuries and property damage you cause to others. If you’re injured or your car is totaled in a crash that’s your fault, you — not your policy — would have to cover those costs.
Do you need it? Every state requires some amount of insurance, and all of them require liability insurance. But most drivers need more than the minimum amount of coverage. Basic insurance requirements can be so low that damage from a serious accident could easily leave you swamped with the expenses.
| Company | Median annual rate | Median monthly rate |
|---|---|---|
| GEICO | $488 | $41 |
| Travelers | $537 | $45 |
| State Farm | $551 | $46 |
| Progressive | $608 | $51 |
| USAA* | $352 | $29 |
*USAA is available only to military families, veterans and some federal employees.