Best Car Insurance for People With Bad Credit in 2024 (Top 10 Companies)
Discover the best car insurance companies for people with bad credit like Progressive, USAA, and State Farm. They excel in customer care, digital excellence, and military savings. Uncover why these companies are your best choice, ensuring competitive rates tailored to your financial landscape.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Feb 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Feb 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Assess the best car insurance companies for people with bad credit through affordable options from Progressive, USAA, and State Farm. These companies specialize in serving individuals with poor credit, offering competitive rates and personalized solutions to suit your financial needs.
Company | Rank | See Pros/Cons | Multi-Policy Discount | Safe Driver Discount | Best For |
---|---|---|---|---|---|
#1 | Progressive | 10% | 15% | Online Services | |
#2 | USAA | 25% | 20% | Military Savings | |
#3 | State Farm | 15% | 10% | Customer Service | |
#4 | Allstate | 25% | 12% | Coverage Options | |
#5 | Nationwide | 20% | 18% | Discounts | |
#6 | Liberty Mutual | 15% | 20% | Technology | |
#7 | Farmers | 10% | 15% | Local Agents | |
#8 | American Family | 20% | 14% | Bundling Options | |
#9 | Travelers | 10% | 17% | High-Risk Drivers | |
#10 | Esurance | 15% | 13% | Online Quotes |
Don’t let bad credit limit your access to quality coverage. Enter your zip code below to compare rates from the best insurance providers and take control of your car insurance today.
#1 – Progressive: Pioneering the Future of Insurance With Digital Excellence
Melanie Musson Published Insurance Expert
Pros
- Cutting-edge online services: Progressive stands out for its avant-garde online services, delivering a seamless and user-friendly platform for managing policies, filing claims, and accessing information with unprecedented ease.
- Multi-policy discount incentives: Offering a 10% discount for customers with multiple policies not only encourages bundling but also extends a cost-effective solution for individuals seeking comprehensive coverage under one umbrella.
- Safety rewarded: Progressive promotes and incentivizes responsible driving habits by providing a 15% Safe Driver Discount, demonstrating a commitment to fostering safer roads.
Cons
- Potentially higher rates: Some customers may find that Progressive’s innovative features come at a slightly higher premium compared to competitors.
- Limited agent interaction: Despite online convenience, customers who prefer face-to-face interactions may find the limited availability of local agents a drawback.
Read more: Progressive Insurance Review & Ratings
Frequently Asked Questions
How does bad credit affect my car insurance rates?
Your credit score is one of the factors that insurance companies use to determine your individual rates. People with bad credit scores are seen as riskier to insure, and as such, their premiums will generally be higher than those with good credit scores.
What is considered a bad credit score?
Most insurance companies consider a credit score between 600 and 650 to be the dividing line between good and bad credit.
How can I get affordable car insurance with bad credit?
Research is key. You’ll want to shop around and compare quotes from different insurance companies to find the best rates. You can also save money by bundling your policies or taking advantage of loyalty discounts.
Will having multiple lines of insurance with the same company help me get cheaper car insurance rates?
Yes. Having multiple lines of insurance with the same company, such as car insurance and renter’s insurance, can earn you savings on your premiums.
Should I disclose my bad credit score to my insurance company?
Yes, you should. Providing accurate information is important in getting an accurate quote for your car insurance, and withholding information can result in your policy being canceled or your claims being denied.
Will my credit score always affect my car insurance rates?
No, it won’t. Although most insurance companies do use credit scores as a factor in determining rates, there are some states that have banned this practice. Additionally, some companies are starting to develop algorithms that do not factor in credit scores.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.