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The Best Car Insurance for People With Good Credit in 2024

Updated
Dana George
By: Dana George
Dana George
Dana George
Writer

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate about her work. Dana and her husband recently moved to Champaign, Illinois, home of the Fighting Illini. And though she finds the color orange unflattering on most people, she thinks they'll enjoy Champaign tremendously.

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Our Insurance Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

The cost of auto insurance is partly tied to the credit score system. Simply put, buying car insurance with excellent credit is less expensive. Here, we’ll outline why that’s the case, how much you can save by having an excellent score, and steps you can take to add even more luster to your score.

Best car insurance for people with good credit

Below are our top picks for car insurance for drivers with good credit. We've listed each insurer alongside their national average premium for drivers with good credit, to give an idea of which insurers are generally more (or less) expensive:

National average premium for drivers with good credit

Keep reading to learn about these insurers' coverage, discounts, customer service, and more:

An established insurer: State Farm

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Logo for State Farm
Best for insurer stabilityState Farm
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Pros

  • Stable company with plenty of financial backing
  • Highly rated customer service
  • Premiums for drivers with one accident are lower than some competitors
  • Growing access to digital services
  • Multiple discounts, including multiline, safe driver, and student away from home
  • Coverage available for car rental and travel expenses

Cons

  • Quality of service can vary based on the individual agent
  • Poor credit-based insurance score drives up premium rates

Why drivers with good credit like State Farm

Financial stability and outstanding customer service is the name of the game for State Farm. The auto insurance company has both an AA++ rating (the highest possible) from A.M. Best for financial strength and one of the highest customer satisfaction ratings from J.D. Power. State Farm is an appealing option for at least two more reasons: Live agents available nationwide and a growing digital presence.

Read our State Farm review

Standard Rate Rate With Excellent Credit Score
$180/month $78/month
National average rates. Source: Author research

For military families: USAA

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Best for military familiesUSAA
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Pros

  • Top-rated customer service
  • Variety of discounts
  • Flexible payment plan
  • Access to coverage 24/7
  • Easy to use from anywhere in the world
  • Financially secure

Cons

  • Available only to military members and their families

Why drivers with good credit like USAA

USAA is the insurer to beat when it comes to making customers happy, as evidenced by their consistently high ratings in the annual J.D. Power Auto Insurance Satisfaction Study. As one of the best car insurance companies for military members and their families, USAA offers competitive prices, flexibility, and is easy to use from anywhere in the world.

Read our USAA review

Standard Rate Rate With Excellent Credit Score
$135/month $91/month
National average rates. Source: Author research

For generally low premiums: Geico

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Logo for Geico
Best for low premiumsGeico
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Pros

  • Nationwide coverage
  • Affordable premiums
  • Easy application process
  • Ample discounts

Cons

  • Fewer in-person agents than some competitors
  • Mixed reviews on J.D. Power Customer Satisfaction ratings
  • Above average number of complaints with the National Association of Insurance Commissioners

Why drivers with good credit like Geico

Simply put, it's tough to find lower auto insurance rates than Geico. The only fly in the ointment is that Geico's coverage options are pretty standard in the industry. Policies are easy to purchase, and representatives are easy to contact via mobile, internet, and phone. For inexpensive insurance and top-notch customer service, Geico is a top competitor.

Read our Geico review

Standard Rate Rate With Excellent Credit Score
$145/month $96/month
National average rates. Source: Author research

For safe drivers: Nationwide

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Best for driving habit trackingNationwide
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
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Pros

  • Flexible customization options
  • Great rewards for safe drivers
  • Lots of discounts

Cons

  • Doesn't serve all states
  • Below-average customer satisfaction ratings
  • Finicky quote tool

Why drivers with good credit like Nationwide

In addition to offering a competitive monthly rate, Nationwide provides drivers with another way to save: Smartride. Using an app to record driving habits, the company lowers the rates of safe drivers. For those who would prefer to go a more traditional route, Nationwide offers policies with perks like accident forgiveness, a vanishing deductible, and gap coverage. As a bonus, Nationwide scores well in J.D. Power's satisfaction studies. Although there are companies with lower rates, drivers looking for excellent credit auto insurance would do well to consider Nationwide for an insurance policy.

Read our Nationwide review

Standard Rate Rate With Excellent Credit Score
$185/month $138/month
National average rates. Source: Author research

For alternative ways to save: Progressive

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Best for alternative ways to saveProgressive
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Get a Quote

Pros

  • Snapshot provides personalized rates so safe drivers save more
  • Premiums are below average for many drivers
  • Unique coverage options, including pet injury and custom parts

Cons

  • Below-average J.D. Power rankings
  • Above-average number of complaints with the National Association of Insurance Commissioners
  • Young drivers and those with an accident history may find Progressive more expensive

Why drivers with good credit like Progressive

Progressive is another insurance company offering an alternative way to save and receive a competitive car insurance rate. It's called Snapshot, and like some of the other apps used by insurance companies, it provides personalized rates based on driver habits. Drivers can even sign up for a deductible bank that reduces their collision and comprehensive deductibles by $50 for every six months they drive without a claim.

Read our Progressive review

Standard Rate Rate With Excellent Credit Score
$194/month $129/month
National average rates. Source: Author research

For unique coverage options: Farmers

Logo for Farmers
Best for unique coverage optionsFarmers
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Read Review

Pros

  • Large agent network
  • More than 20 car insurance discounts
  • Unique savings opportunities for teens and families
  • Affordable premiums for most drivers
  • Below-average number of complaints with the National Association of Insurance Commissioners

Cons

  • Below average J.D. Power customer service rankings
  • Below average rankings on J.D. Power's insurance shopping survey
  • Coverage isn't available in all states

Why drivers with good credit like Farmers

Farmers offers some unique car insurance coverage options, like spare parts coverage and guaranteed value coverage that pays a predetermined value for a covered car in the event it's declared a total loss. Both features are desirable for classic car owners. In addition, Farmers has more than 48,000 exclusive and independent insurance agents, meaning it's easy to stick with Farmers through frequent moves.

Read our Farmers review

Standard Rate Rate With Excellent Credit Score
$211/month $157/month
National average rates. Source: Author research

How to find additional savings on car insurance when you already have excellent credit

How much do you save on car insurance by having an excellent credit score?

The price differential can be dramatic, depending on credit score. For example, a driver with bad credit will pay an average of 52% more for their auto insurance in Pennsylvania and Utah. They’ll pay an average of 58% more in New Jersey and Minnesota. In Kentucky, rates are hiked by an average of 57%, and in New York, it’s a whopping 62%.

Why does a good credit score bring down my insurance cost?

Study after study has shown that drivers with high credit scores tend to make fewer auto insurance claims. The inverse is also true. Drivers with low credit scores tend to make more insurance claims. When it comes to insurance companies, it's all about risks. The lower the risk, the lower the auto insurance premium.

Poor Credit Excellent Credit
National Average $3,622 $1,703
State Average Car Insurance
With Poor Credit 		Average Car Insurance
With Excellent Credit
Alabama $3,290 $1,674
Alaska $2,243 $1,273
Arizona $3,779 $1,557
Arkansas $3,676 $1,666
California N/A N/A
Colorado $3,487 $1,718
Connecticut $4,870 $2,001
Delaware $4,253 $2,097
Florida $5,404 $2,591
Georgia $3,375 $2,098
Hawaii N/A N/A
Idaho $2,503 $1,298
Illinois $2,954 $1,411
Indiana $2,324 $1,232
Iowa $2,287 $1,169
Kansas $3,169 $1,686
Kentucky $4,782 $2,044
Louisiana $5,867 $2,757
Maine $3,374 $1,306
Maryland $3,702 $2,058
Massachusetts N/A N/A
Michigan N/A N/A
Minnesota $3,728 $1,576
Mississippi $3,205 $1,616
Missouri $3,696 $1,595
Montana $3,348 $1,818
Nebraska $3,300 $1,684
Nevada $3,588 $2,151
New Hampshire $3,516 $1,255
New Jersey $5,236 $2,203
New Mexico $2,586 $1,449
New York $5,685 $2,132
North Carolina $1,904 $1,286
North Dakota $3,621 $1,620
Ohio $2,104 $1,031
Oklahoma $3,497 $2,028
Oregon $2,762 $1,524
Pennsylvania $3,362 $1,619
Rhode Island $4,214 $1,911
South Carolina $3,589 $1,835
South Dakota $3,535 $1,585
Tennessee $3,156 $1,388
Texas $3,570 $2,000
Utah $3,233 $1,563
Vermont $2,677 $1,216
Virginia $3,028 $1,412
Washington N/A N/A
Washington D.C. $4,009 $2,071
West Virginia $3,388 $1,570
Wisconsin $2,805 $1,242
Wyoming $3,258 $1,552

Tips on how to improve your credit score

Boosting a credit score comes down to regular, systematic practices, including:

Check credit report to look for inaccuracies: Any mistakes should be reported to the credit reporting agency. They have 30 to 45 days to investigate and remove any information that cannot be verified.

Always pay bills on time. Credit scores are broken down into five sections. Payment history makes up for the most significant piece of the pie at 35%. It’s important to pay utilities, house payments, credit card bills, and any other expenses on time, every time.

Control credit utilization. Credit utilization refers to the amount of money owed in relation to how much available credit a person has. Ideally, a person should keep their credit utilization under 30%, although the lower, the better. Say a person has $10,000 in available credit. Ideally, they wouldn’t use more than $3,000 of it at any given time.

Reduce debt. If a person carries so much debt that they worry about paying bills each month, don't have money left over after bills have been paid, or their credit utilization rate is too high, it's time to get control of those debts by paying them down.

We've only touched on the basics here. For more information, read: The Complete Guide to Your FICO® Score.

While it may be frustrating to pay more for auto insurance due to credit score, the good news is that it's not a permanent state. Any driver can work to improve their credit score. And for the driver with an excellent score, cheap auto insurance is one more reason to keep up the good work.

The Picks
Offer Best For Next Steps
Graphic of State Farm
State Farm
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Great For: Best for insurer stability
Get a Quote
Graphic of USAA
USAA
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Great For: Best for military families
Get a Quote
Graphic of Geico
Geico
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Great For: Best for low premiums
Get a Quote
Graphic of Nationwide
Nationwide
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Great For: Best for driving habit tracking
Get a Quote
Graphic of Progressive
Progressive
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Great For: Best for alternative ways to save
Get a Quote
Graphic of Farmers
Farmers
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Great For: Best for unique coverage options

FAQs

  • No. Insurance companies use a soft credit check to determine rates. A soft credit check does not impact a person's credit score.

  • While other things – like driving and claims records – are important to a car insurance company, it takes credit into account because the research shows that drivers with a low score tend to make more claims.