Cheapest car insurance companies in Beloit
A recent data analysis by Insurance.com found the cheapest car insurance companies are Nationwide and Geico in Beloit for 2023.
Nationwide is the cheapest option for most Beloit drivers, with an average annual rate of $1,487 .
Car insurance costs may vary in Beloit based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Beloit.
| Companies | Average 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
Travelers is the cheapest option for car insurance in Beloit for teen drivers, with average annual premiums at just $3,828 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.
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.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| 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
Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Beloit. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.
Finding the cheapest car insurance in Beloit requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
Below are some of the cheapest car insurance companies in Beloit by driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Beloit drivers at about $1,455 per year.
Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Beloit.
| Company | Average 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 |
Cheapest for drivers with a speeding ticket: USAA
Based on recent data analysis, 30-year-old drivers in Beloit with speeding tickets on their driving record can get the cheapest car insurance rates from USAA at an annual cost of $1,292.
Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.
| Company | Average 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 |
Cheapest auto insurance after an at-fault accident: State Farm
According to Insurance.com's analysis, State Farm tops the list of cheap car insurance providers in Beloit for drivers involved in at-fault accidents, with an average annual cost of $1,443. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget.
| Company | Average 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 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Beloit drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,365, on average.
Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.
| Company | Average 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
Full coverage car insurance in Beloit for a coverage limit of 100/300/100 is $1,917 per year or $160 per month, while the state minimum coverage costs an average of $389 a year.
While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.
| Average annual Rates | State 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.
