Cheapest car insurance companies in Derby
A recent data analysis by Insurance.com found the cheapest car insurance companies are Geico and Kemper Insurance in Derby for 2023.
Geico is the cheapest option for most Derby drivers, with an average annual rate of $1,306 .
In Derby, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| USAA | $726 |
| Geico | $1,306 |
| Kemper Insurance | $1,615 |
| Progressive | $1,660 |
| Nationwide | $1,733 |
| State Farm | $1,888 |
| Farmers | $2,371 |
| Allstate | $2,748 |
| Amica Mutual | $3,312 |
Cheapest car insurance cost in Derby by Age Group
The cheapest auto insurance company in Derby for teen drivers is USAA. For full coverage, its average annual rate for Derby drivers is $2,951. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance.
However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible.
When compared to other car insurance companies, USAA turned out to be the cheapest car insurance company for young drivers in Derby, offering full coverage at an annual average cost of $1,230.
You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Derby is USAA. Its average rate for a full coverage car insurance policy is $745 per year.
USAA tops the list in terms of affordability for senior drivers in Derby. With an average annual premium of $842, USAA offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $2,951 | $1,230 | $745 | $842 |
| Geico | $5,200 | $2,354 | $1,273 | $1,559 |
| State Farm | $5,769 | $3,232 | $1,906 | $1,870 |
| Nationwide | $6,840 | $3,006 | $1,699 | $1,783 |
| Kemper Insurance | $7,258 | $3,132 | $1,621 | $1,725 |
| Progressive | $7,686 | $2,623 | $1,643 | $1,748 |
| Farmers | $10,534 | $4,870 | $2,429 | $2,299 |
| Amica Mutual | $10,642 | $5,990 | $3,281 | $3,457 |
| Allstate | $11,448 | $4,448 | $2,862 | $2,926 |
| The Hanover | $12,618 | N/A | N/A | N/A |
Cheapest car insurance companies in Derby by driver profile
Your driving profile plays an important role in determining your car insurance rates in Derby. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Derby that suits your budget.
Here are some of the cheapest car insurance companies in Derby based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: Geico
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
Geico has the cheapest rates for Derby drivers with poor credit looking for affordable auto insurance. At an annual cost of $1,359, Geico offers substantial savings among the insurers analyzed.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Geico | $1,359 |
| Progressive | $2,115 |
| USAA | $2,239 |
| Nationwide | $2,295 |
| State Farm | $3,001 |
| Allstate | $4,097 |
Cheapest for drivers with a speeding ticket: Geico
Geico offers the cheapest auto insurance rates for drivers with a speeding ticket in Derby. It provides full coverage car insurance for drivers aged 30 at about $1,139 per year.
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 |
|---|---|
| Geico | $1,139 |
| USAA | $1,593 |
| State Farm | $1,598 |
| Progressive | $1,941 |
| Nationwide | $2,061 |
| Allstate | $2,511 |
Cheapest auto insurance after an at-fault accident: State Farm
If you've had an accident, State Farm might be your best bet for affordable auto insurance.
For Derby drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,598. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| State Farm | $1,598 |
| Geico | $1,690 |
| USAA | $2,243 |
| Progressive | $2,734 |
| Nationwide | $2,869 |
| Allstate | $4,411 |
Cheapest auto insurance after a DUI: State Farm
Buying car insurance doesn't have to break the bank. State Farm offers the cheapest full coverage policy in Derby for drivers with a DUI, with an average annual premium of $1,598.
If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $1,598 |
| Progressive | $2,284 |
| USAA | $2,942 |
| Nationwide | $3,909 |
| Allstate | $4,424 |
| Geico | $5,130 |
Average car insurance cost in Derby
In Derby, the average annual cost for full coverage car insurance is around $1,929, which breaks down to approximately $161 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 Derby is about $797.
Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $1,929 | $797 |
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.
