Cheapest car insurance companies in Meridian
A recent data analysis by Insurance.com found the cheapest car insurance companies are Auto-Owners and Geico in Meridian for 2023.
The car insurance company in Meridian that provides the cheapest car insurance premiums is Auto-Owners, with an average annual rate of $765 .
When it comes to car insurance costs in Meridian, 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.
| Companies | Average annual rates |
|---|---|
| USAA | $672 |
| Auto-Owners | $765 |
| Geico | $940 |
| State Farm | $1,054 |
| Travelers | $1,144 |
| Nationwide | $1,343 |
| Farmers | $1,357 |
| Farm Bureau | $1,363 |
| Allstate | $1,655 |
| Sentry Insurance | $2,766 |
Cheapest car insurance cost in Meridian by Age Group
The cheapest auto insurance company in Meridian for teen drivers is Auto-Owners. For full coverage, its average annual rate for Meridian drivers is $2,427. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
USAA provides the cheapest car insurance coverage for young drivers in Meridian, with an annual premium of $1,283 on average.
As Meridian drivers transition into their 30s, they can enjoy significantly lower auto insurance costs compared to their 20s. USAA stands out as the cheapest car insurance option for adult drivers, with an annual premium of $684.
USAA tops the list in terms of affordability for senior drivers in Meridian. With an average annual premium of $709, USAA offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Auto-Owners | $2,427 | $1,429 | $781 | $841 |
| Farm Bureau | $2,829 | $2,265 | $1,366 | $1,127 |
| Geico | $3,032 | $1,543 | $935 | $1,188 |
| State Farm | $3,242 | $1,818 | $1,066 | $1,046 |
| Travelers | $3,749 | $1,692 | $1,164 | $1,353 |
| USAA | $4,138 | $1,283 | $684 | $709 |
| Nationwide | $4,738 | $2,332 | $1,331 | $1,297 |
| Sentry Insurance | $6,191 | $4,059 | $2,757 | $2,526 |
| Allstate | $6,306 | $2,719 | $1,629 | $1,630 |
| Farmers | $7,014 | $1,984 | $1,326 | $1,363 |
Cheapest car insurance companies in Meridian by driver profile
Insurers in Meridian consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
To find the cheapest car insurance company in Meridian, 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.
Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Meridian drivers 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 Meridian drivers with poor credit looking for affordable auto insurance. At an annual cost of $844, Geico offers substantial savings among the insurers analyzed.
Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Meridian.
| Company | Average annual rates |
|---|---|
| Geico | $844 |
| Travelers | $1,340 |
| Nationwide | $1,370 |
| USAA | $1,489 |
| Farmers | $2,046 |
| Allstate | $2,299 |
| State Farm | $4,204 |
Cheapest for drivers with a speeding ticket: Geico
Geico has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Meridian. Its full coverage car insurance policy costs an average of $773 per year for drivers aged 30.
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.
| Company | Average annual premium |
|---|---|
| Geico | $773 |
| USAA | $855 |
| State Farm | $952 |
| Travelers | $1,249 |
| Nationwide | $1,406 |
| Farmers | $1,645 |
| Allstate | $1,797 |
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 Meridian for drivers involved in at-fault accidents, with an average annual cost of $1,032. 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 | $1,032 |
| USAA | $1,111 |
| Geico | $1,237 |
| Travelers | $1,275 |
| Nationwide | $1,460 |
| Farmers | $1,899 |
| Allstate | $2,473 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the carrier that offers cheap auto insurance rates in Meridian for drivers after a DUI. Its average annual rate for full coverage is $952.
A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.
| Company | Average annual rates |
|---|---|
| State Farm | $952 |
| Travelers | $1,551 |
| USAA | $1,564 |
| Farmers | $1,847 |
| Nationwide | $2,258 |
| Allstate | $2,465 |
| Geico | $3,646 |
Average car insurance cost in Meridian
Full coverage car insurance in Meridian for a coverage limit of 100/300/100 is $1,306 per year or $109 per month, while the state minimum coverage costs an average of $415 a year.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | State minimum average |
|---|---|
| $1,306 | $415 |
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.
