Cheapest car insurance companies in Beloit 

Nationwide and Geico have the cheapest car insurance premiums for Beloit drivers in 2023, based on a data study by Insurance.com. 

Nationwide has the cheapest car insurance rates in Beloit at an average cost of $1,487 per year.

When it comes to car insurance costs in Beloit, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy. 

CompaniesAverage annual rates
USAA$1,335
Nationwide$1,487
Geico$1,545
Travelers$1,704
State Farm$1,750
Farmers$1,985
Progressive$2,060
Shelter Insurance$2,073
Iowa Farm Bureau$2,330
Allstate$2,899

Cheapest car insurance cost in Beloit by Age Group 

In Beloit, Travelers is the cheapest car insurance company for teenagers, offering full coverage policies at $3,828 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads. 

However, teen drivers who maintain good grades or stay on their parent's policy can qualify for significant insurance discounts.

For young drivers in Beloit, USAA has the cheapest auto insurance rates, with an average annual cost of $2,126 annually

An analysis of car insurance rates for Beloit drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,351 per year.

If you are a senior driver in Beloit and looking for a cheap car insurance company, then consider buying insurance from Nationwide. It is the cheapest auto insurance company for senior drivers, with an average premium of $1,182 per year

CompanyTeensYoung AdultsAdultsSeniors
Travelers$3,828$2,385$1,707$1,367
Nationwide$3,904$2,188$1,435$1,182
USAA$4,410$2,126$1,351$1,200
State Farm$4,449$2,727$1,741$1,564
Geico$4,869$2,580$1,565$1,776
Iowa Farm Bureau$5,712$3,532$2,222$1,779
Shelter Insurance$5,912$3,400$1,995$1,669
Farmers$6,527$2,586$1,903$1,843
Progressive$7,650$3,105$2,072$1,846
Allstate$9,547$4,729$2,859$2,838

Cheapest car insurance companies in Beloit by driver profile 

Car insurance rates in Beloit vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations

To find the cheapest car insurance company in Beloit, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget. 

Here's a list of car insurance companies that offer cheap insurance rates in Beloit based on driver profile. 

Drivers in Beloit with poor credit can get the cheapest car insurance from Geico at an average cost of $1,455 a year, according to a data study by Insurance.com.

Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores. 

CompanyAverage annual rates
Geico$1,455
Nationwide$1,614
USAA$2,015
Travelers$2,535
Progressive$2,677
Farmers$2,844
State Farm$2,881
Allstate$3,691

USAA offers the cheapest auto insurance rates for drivers with a speeding ticket in Beloit. It provides full coverage car insurance for drivers aged 30 at about $1,292 per year

Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors. 

Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price. 

CompanyAverage annual premium
USAA$1,292
State Farm$1,365
Geico$1,501
Nationwide$1,509
Travelers$1,928
Progressive$2,011
Farmers$2,475
Allstate$2,655

State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Beloit is $1,443. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket. 

CompanyAverage annual rates
State Farm$1,443
USAA$1,643
Nationwide$1,911
Travelers$2,022
Geico$2,147
Progressive$2,450
Farmers$2,769
Allstate$3,572

Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Beloit. On average, its annual full coverage rate is $1,365, making it a significantly cheaper option than other insurance providers.

A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums. 

CompanyAverage annual rates
State Farm$1,365
Progressive$1,967
Travelers$2,402
USAA$2,668
Farmers$2,825
Nationwide$2,999
Allstate$3,594
Geico$6,368

Average car insurance cost in Beloit 

In Beloit, the average annual cost for full coverage car insurance is around $1,917, which breaks down to approximately $160 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Beloit is about $389.

Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as

Average annual RatesState minimum average
$1,917$389

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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