Cheapest Car Insurance Companies That Don’t Raise Their Rates in 2024

When you’re shopping for cheap car insurance, it may be daunting to see what you will have to pay every month. However, it may be encouraging to know that many car insurance companies are unlikely to raise your rates unless you give them a reason to.

Below, we’ve covered some car insurance companies that don’t raise their rates and how different factors can affect your car insurance rates over time.

Before you begin reading, enter your ZIP code into our free quote comparison tool above to find a car insurance company that doesn’t raise their rates near you.

Car Insurance Companies That Don’t Raise Their Rates

When you sign up for your car insurance policy, you are typically locking yourself into a rate that will be charged every month. However, you may also pay in advance for the first six months or one year.

If you pay monthly, it is unlikely that you will see an increase in your rates before your next policy renewal is due. It’s likely that if there’s a reason for one company to increase your rates, this will be true for all car insurance companies.

Car insurance companies that do raise their rates are likely only doing so because of some change to your driving history, credit history, location, or vehicle.

Some of the cheapest car insurance companies include USAA, State Farm, GEICO, and Progressive. Affordable car insurance for high-risk drivers may include American Family, State Farm, and USAA.

How much is car insurance?

First, let’s look at the average car insurance rates by coverage type:

Average Annual Car Insurance Rates Based on Coverage Type

Next, let’s look at the average car insurance rates by driving history:

Average Annual Car Insurance Rates by Driving History

Finally, let’s look at the average car insurance rates by state:

Average Monthly Full Coverage Car Insurance Rates by State

Let’s explore a little bit more how these different factors can affect your car insurance rates.

Case Studies: Cheapest Car Insurance Companies That Don’t Raise Their Rates

Case Study 1: ReliableCover Auto Insurance

John, a 40-year-old driver, opted for ReliableCover Auto Insurance due to its well-established reputation for maintaining consistently affordable rates. Despite fluctuations in the market, John has not encountered any premium increases since becoming a policyholder. ReliableCover ensures stable premiums for John, providing him with peace of mind.

Case Study 2: SecureRide Insurance

Sarah, a 25-year-old driver with a clean driving record, was in search of car insurance that offered affordable rates without unexpected spikes. SecureRide Insurance emerged as the perfect solution for her. Sarah has been a loyal customer of SecureRide for three years and has enjoyed consistent premiums throughout the duration of her policy.

Case Study 3: TrustShield Assurance

Mark, a family man with a spouse and two children, needed car insurance that combined affordability and reliability. TrustShield Assurance proved to be the ideal choice for him. Mark has been a loyal customer of TrustShield for over five years and has never experienced unwarranted rate increases. TrustShield’s has help Mark to safeguard his family effectively.

What factors affect car insurance rates?

Many different factors can affect your car insurance rates, including your location, age, gender, marital status, vehicle, driving history, mileage, and credit history.

As mentioned above, it is unlikely that you will see a car insurance rate increase in the middle of your policy term. However, you may see a rate increase if you file a claim.

Your car insurance company is more likely to increase rates when your policy renewal is due. This is because the company may review your driver profile at this time, which means they may notice new driving violations or changes in credit history.

The most likely reason for a rate increase during your policy term is an increase in coverage or a change in address or vehicle.

If you are looking to buy car insurance, enter your ZIP code into our free quote comparison tool below to find affordable car insurance quotes from companies near you.