Cheap Auto Insurance for Drivers With Multiple Accidents in 2024 (Top 10 Low-Cost Companies)

The leading providers for cheap auto insurance for drivers with multiple accidents come from State Farm, Geico, and Travelers, offering rates at $140/month. State Farm stands out as the top pick overall for its low rates and strong accident forgiveness options.

While Geico offers budget-friendly plans, and Travelers provides flexible coverage terms. This guide breaks down each provider’s offerings, helping you find the best rates and coverage for high-risk drivers.

Our Top 10 Company Picks: Cheap Auto Insurance for Drivers With Multiple Accidents

Compare various accident insurance options to help you find the best coverage to protect against these potential costs.

Finding cheap auto insurance rates can be difficult for high-risk drivers, but you don’t have to do it alone. Enter your ZIP code above to find the most affordable quotes in your area.

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#1 – State Farm: Top Overall Pick

Pros

• Steadfast Choice: State Farm is renowned for being a consistent and dependable provider for drivers with repeated accidents, offering reliable coverage and dedicated support.
• Economical Monthly Premiums: With a minimum coverage cost of $140, State Farm delivers some of the most competitive rates for drivers facing multiple incidents.
• Significant Bundling Savings: Offers a generous 17% discount when bundling multiple policies, maximizing potential savings for high-risk drivers. Check out our State Farm auto insurance review.

Cons

• Moderate Multi-Policy Savings: Despite a high bundling discount, the overall savings might not compare as favorably to some other insurers’ offers on comprehensive policies.
• Potential Premium Surges: Rates may rise considerably for drivers with multiple accidents who need more extensive coverage beyond the basics.

#2 – Geico: Best for Budget Friendly

Pros

• Cost-Conscious Choice: Geico presents itself as an excellent option for budget-minded drivers with multiple accidents, with a minimum coverage premium starting at $145.
• Versatile Payment Structures: Offers diverse payment plans, providing flexibility and convenience for drivers with multiple accidents managing tight budgets. Delve into our Geico auto insurance review.
• Attractive Discount Offers: Includes a 15% discount for bundling policies, enabling drivers with multiple accident history to achieve additional savings.

Cons

• Restrictive Accident Forgiveness: Geico’s accident forgiveness may not extend to all drivers with multiple accidents, potentially resulting in escalated rates.
• Sharp Rate Hikes Post-Claims: Even minor claims can trigger significant rate increases, affecting long-term affordability for some drivers.

#3 – Travelers: Best for Flexible Terms

Pros

• Adaptive Policy Terms: Travelers Insurance stands out for its highly adaptable policy terms, well-suited to the needs of drivers with accident histories.
• Reasonable Minimum Coverage Pricing: Provides a fair minimum coverage rate of $147, striking a balance in the market for drivers with multiple incidents.
• Solid Bundling Incentive: Offers a 15% discount on policy bundling, fostering potential savings for drivers seeking comprehensive protection. See more details on our Travelers auto insurance review.

Cons

• Geographic Limitations: Coverage options may not be available in all areas, which could limit access for some customers.
• Costly Comprehensive Coverage: While offering flexible policies, the price for comprehensive coverage can be higher for drivers with multiple accidents.

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#4 – Nationwide: Best for Stable Premiums

Pros

• Predictable Pricing: Nationwide is known for its stable premiums, even for drivers with multiple accidents, making it a trusted option. Discover insights in our Nationwide auto insurance review.
• Accident Forgiveness Feature: Offers a unique accident forgiveness program that helps maintain steady rates for drivers with a history of incidents.
• Affordable Minimum Rates: With a minimum coverage rate of $148, Nationwide offers competitive pricing for drivers needing essential coverage.

Cons

• Modest Bundling Discount: A 13% bundling discount might not provide maximum savings for all drivers with multiple accidents.
• Restricted Customization: May have fewer options for personalization of drivers with multiple accidents, which could be a drawback for those needing specific coverage.

#5 – American Family: Best for Personalized Service

Pros

• Tailored Customer Care: American Family is celebrated for its individualized customer service approach, particularly advantageous for drivers with multiple accidents.
• Affordable Minimum Premiums: Offers a competitive minimum coverage rate of $149, making it an accessible option for those with an accident history.
• Decent Bundling Savings: Provides a 14% car insurance discounts for policy bundling, enabling some cost reductions for drivers with multiple incidents.

Cons

• Higher Costs for Younger Drivers: Younger drivers with accident records might find premiums steeper even with available discounts.
• Basic Online Tools: The digital experience and resources may not be as advanced as some competitors for drivers with multiple accidents, possibly affecting ease of use.

#6 – Progressive: Best for Comprehensive Coverage

Pros

• Broad Coverage Spectrum: Progressive is recognized for its wide array of coverage options, catering well to drivers with multiple accidents. Access insights into our Progressive auto insurance review.
• Competitive Entry-Level Rates: With a minimum coverage rate of $150, Progressive remains competitive for those seeking a comprehensive policy at entry-level pricing.
• Diverse Discount Opportunities: Includes multiple discount avenues, like a 12% bundling reduction, which can help high-risk drivers manage costs.

Cons

• Pricey Full Coverage Plans: Comprehensive coverage may carry a higher cost for drivers with multiple accidents.
• Mixed Claims Experience: Some customers have reported varied experiences with the claims process, which could impact overall satisfaction.

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#7 – Liberty Mutual: Best for Customizable Plans

Pros

• Customizable Insurance Solutions: Liberty Mutual excels in offering highly tailored insurance plans that accommodate the unique needs of drivers with multiple accidents.
• Direct Cash Payouts: Provides direct payouts to policyholders, giving them flexibility to cover a range of post-accident expenses. Read up on our Liberty Mutual auto insurance review.
• Fair Pricing: A minimum coverage rate of $152 makes Liberty Mutual a viable choice for those looking for custom insurance options.

Cons

• Limited Bundling Discount: Offers a 10% discount for bundling, which might not appeal to those focused on maximizing savings.
• Higher Baseline Rates: Tends to have higher base premiums, especially for drivers with multiple accidents needing more than basic coverage.

#8 – Farmers: Best for Strong Coverage

Pros

• Resilient Protection Options: Farmers Insurance is well-known for its robust coverage offerings, suitable for drivers with multiple accidents.
• Moderate Minimum Premiums: Offers a minimum coverage rate of $153, positioning it as a reasonably priced choice for strong protection for drivers with multiple accidents.
• Adaptable Payment Terms: Provides flexible payment options that cater to a variety of financial needs for high-risk drivers. Unlock details in our Farmers auto insurance review.

Cons

• Standard Bundling Discount: A 12% discount for bundling is moderate and may not be the best for all drivers with multiple accidents.
• Basic Digital Features: Lacks some of the advanced digital tools and resources offered by other insurers for drivers with multiple accidents, potentially impacting user experience.

#9 – Allstate: Best for Coverage Options

Pros

• Varied Coverage Selections: Allstate offers a broad range of coverage options, including specialized plans for drivers with multiple accidents.
• Comprehensive Accident Forgiveness: Features a robust accident forgiveness program, which is advantageous for high-risk drivers.
• Balanced Premium Rates: The minimum coverage rate of $155 reflects a balanced approach between cost and coverage offerings. More information in our relevant provider Allstate Milewise review.

Cons

• Lower Discount for Bundling: Provides a 10% discount for bundling for drivers with multiple accidents, which may not be sufficient for maximizing savings.
• Higher Minimum Coverage Expense: Minimum coverage rates are relatively steep for drivers with multiple accidents compared to some competitors.

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#10 – The Hartford: Best for Older Drivers

Pros

• Specialized for Senior Drivers: The Hartford offers tailored insurance policies specifically designed for older drivers, including those with multiple accidents.
• Decent Discount Structure: The Hartford auto insurance review provides an 11% discount on bundled policies, helping older drivers find affordable coverage.
• Reputable Customer Service: Known for its exceptional customer support, particularly for older drivers managing accident-related insurance needs.

Cons

• Higher Minimum Coverage Rates: At a rate of $157, The Hartford’s minimum coverage is among the higher-priced options for drivers with multiple accidents.
• Restricted Regional Availability: Insurance coverage may not be available in all states, potentially limiting choices for some drivers with multiple accidents.

How Auto Insurance Rates Change After an Accident

Having just one accident on your record will add auto insurance points to your license. Companies use these points to determine your insurance rates — having more points means paying more for auto insurance.

Auto Insurance Monthly Rates for Drivers With Multiple Accidents by Provider

Take a look at the chart below to see how much a single at-fault accident, or other traffic violation, can raise your rates.

State Farm and Geico offer the cheapest rates after an accident, but Geico raises your rates much higher after an accident. For example, State Farm’s rates only increase by around $200 per year, while Geico’s jump $500 or more.

Despite offering the most competitive accident forgiveness programs, Allstate and Nationwide have higher-than-average rates. However, Nationwide will not raise your rates nearly as high as some other companies after an accident.

You will not see any rate increases after your first at-fault accident if you buy accident forgiveness. All companies on this list offer accident forgiveness, but these programs are not created equal. Scroll through the following section to compare accident forgiveness car insurance companies.

Compare companies to find cheap auto insurance companies that don’t penalize you if an accident isn’t your fault.

Auto Insurance Companies That Offer Accident Forgiveness

Accident forgiveness car insurance is a type of policy add-on that stops your rates from going up after an at-fault accident. Buying accident forgiveness will raise your annual insurance rates by 3%-6%. Fortunately, many auto insurance companies automatically add this coverage to your policy for free after you remain claim or accident-free for a certain number of years.

It is important to look into insurance types such as personal liability insurance, as well. We found that Allstate and Nationwide offer the best accident forgiveness based on availability and depth of coverage. Both allow for multiple accidents on a policy, although Nationwide insurance rates are cheaper.

Read more: Cheap Auto Insurance Companies

The top 10 insurance companies in the country all offer accident forgiveness to their customers, but each comes with its own restrictions and requirements. If you’re looking to buy full-coverage auto insurance, the companies reviewed above are some of the best.

Drivers With Multiple Accidents Auto Insurance Discounts by Providers

For example, most companies require customers to maintain a good driving record for a certain number of years before accident forgiveness is even an option. Some insurers also only forgive one accident — your first accident — while others forgive multiple accidents on a three-to-five-year basis.

Depending on your driving record, you may not be eligible for accident forgiveness. The table below lists the coverage details and requirements from car insurance companies that offer accident forgiveness. Keep reading to find out where you qualify for coverage.

Accident Forgiveness: Benefits & Eligibility From Top Auto Insurance Providers

Read more: Erie Auto Insurance Review: Should you buy?

Accident forgiveness is not available in every state, and coverage can vary from company to company, depending on where you live. If you’re interested in adding accident forgiveness to your policy, compare quotes from these and local companies in your neighborhood to find the most affordable coverage.

Accident forgiveness will not cover medical costs or repair bills. This kind of insurance only stops your rates from increasing after an accident. You will need additional accident insurance or medical coverage to protect you from paying out of pocket.

Health insurance, personal injury protection (PIP) insurance, or medical payments (MedPay) coverage will pay for loss-related medical bills following an auto accident. If you don’t carry this insurance, you may want to buy accident insurance to cover any additional personal costs after an accident. Accident insurance typically includes personal accident and accidental death and dismemberment coverage.

Personal Accident Insurance

Personal accident insurance, sometimes called supplemental accident insurance, is designed to cover the unexpected costs of accidental death or injury. The Insurance Information Institute reports that in 2021 alone, there were 42,915 fatalities from accidents. So personal accident insurance may be more relevant than you realize.

Unlike disability insurance, you can file a claim with accident insurance even if you’re still able to work. Policies typically pay out directly to customers so money can be used toward any type of care.

You may also need coverage for specific injuries, including concussions, eye injuries, or burns that require specialized treatment not always covered by health insurance. Personal accident insurance can help cover these costs, so you aren’t struggling to pay expensive medical bills while you recover from an accident.

AD&D Insurance

Accidental death and dismemberment insurance covers exactly what it says it does — the policy pays out if you die, lose a limb, or are paralyzed due to an accident. Coverage also applies if you lose a sensory function like hearing or sight.

However, AD&D insurance has many restrictions, including which accidents it covers and how much your beneficiaries receive. For example, you may only receive 50% of your payout if you lose one limb but 100% if you lose two or more.

What’s the difference between accident and AD&D insurance? AD&D coverage applies specifically to accidental deaths or injuries, while personal accident insurance pays for much more. AD&D is also a rider added to existing accident, health, or life insurance policies for an additional fee and cannot be purchased alone. Liberty Mutual is one of the few insurers that offer AD&D as part of personal accident insurance.

Accident Insurance Cost

If you buy personal accident insurance, monthly rates are between $5 and $50. Rates increase if you choose higher levels of coverage or want to include a more extensive list of covered accidents in your policy.

You can buy AD&D riders from your life or health insurance company for around $10 per month. Rates will be higher if you’re older or have a high-risk career or hobbies.

You might save money buying accident insurance from Liberty Mutual, which combines personal accident and AD&D coverage in one policy. However, Liberty Mutual auto insurance rates are more expensive than average, and you may not need this additional coverage if you have adequate health or life insurance.

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How to Get the Best Accident Insurance

If your current insurer doesn’t have accident insurance or accident forgiveness, shop around and compare policies online to find the best accident insurance company near you. Browse in our guide “Buying No-Fault Auto Insurance.”

The easiest way to get the right accident insurance policy is to ask yourself how much coverage you really need and weigh the pros and cons of each policy type. This way, you know what you’re looking for when you start shopping for affordable companies and comparing insurance quotes online.

Follow the steps below to research the best accident insurance companies.

Consider the Pros and Cons of Accident Forgiveness

Accident forgiveness can save you money on car insurance after your first accident, but consider the pros and cons before deciding to buy coverage.

Pros and Cons of Accident Forgiveness

Accident forgiveness highly depends on where you live. Coverage isn’t available everywhere, and other limitations can apply. For example, California insurance laws forbid companies from offering this coverage anywhere in the state. In North Carolina, statutes can restrict forgiveness to accidents less than $1,800.

Buy cheap Gardena, CA auto insurance after reading our review of the best options in there.

You may also wonder if you really need accident forgiveness if you haven’t been in an auto collision in the past three years or more. This is one of those “just in case” types of coverage — it’s an excellent way to supplement coverage when adding a new or teen driver to your policy, but it may be irrelevant if you’re a good driver who rarely files insurance claims.

Ask the Right Accident Insurance Questions

Is personal accident insurance necessary? This is an important insurance question to ask yourself as you shop around for auto and accident coverage. It will help you determine how much coverage you need.

Personal accident insurance can be helpful because most companies pay cash directly to policyholders, giving you the freedom to pay for necessities while your medical coverage pays for hospital bills.

You might want this coverage if you don’t have health or life insurance, but you likely don’t need it if you live in a no-fault state that requires PIP or MedPay. You also won’t need AD&D insurance if it’s already included with your life insurance policy.

Compare Insurance Quotes Online

You can start looking for affordable companies once you know the kind of policies you need. Take advantage of free online comparison tools like the one above to get insurance quotes from multiple companies in your area. Compare the most common types of auto insurance to help you understand what you need.

Getting accident insurance quotes online gives you the chance to compare multiple companies side-by-side to see which can offer you the best coverage at the best price.

For example, you may find that a local insurer offers a better accident insurance package than Liberty Mutual or more affordable accident forgiveness than Allstate. Don’t settle for the first offer you receive, and take time to compare at least three companies.

Switch Insurance Companies

If you find a better price for the policies you need, then it’s time to switch auto insurance companies. Call your current insurer to cancel coverage, but make sure your new policies start just as your old coverage ends. If not, you risk driving without insurance, which can result in tickets and fines. You may even lose your driving privileges.

Comparing Quotes for Car Insurance After Multiple Accidents

Finding the right car insurance for multiple accidents can be challenging, but comparing quotes from different providers can help you identify the best coverage options. Whether you need the best auto insurance if you have accidents or the cheapest car insurance with multiple accidents, shopping around is essential to securing a good rate.

To find the best car insurance for multiple accidents, start by gathering multiple car insurance quotes after an accident. Many providers offer cheap car insurance after an accident, but the rates and terms will vary based on your driving history and risk profile. Delve into more details in our guide “How to Get Multiple Quotes Before Buying Auto Insurance.”

For drivers labeled as “high risk,” it’s crucial to explore high risk car insurance companies that specialize in offering auto insurance for high risk drivers. These companies are experienced in providing high risk car insurance tailored to those with a poor driving record.

If you’re looking for the best car insurance companies for drivers with accidents, focus on providers known for competitive rates and flexible coverage options. Look into insurance for high risk drivers and compare policies for car insurance for people who have had accidents to find one that suits your needs.

Comparing options is particularly important for those seeking high risk auto insurance or affordable car insurance for high risk drivers. Since not all insurers offer the same rates, getting multiple quotes can help you find auto insurance for multiple accidents that fits your budget.

Many high risk auto insurance companies offer specialized plans, so it’s wise to look for the best insurance for high risk drivers to ensure comprehensive protection. By comparing quotes from different providers, you increase your chances of finding the most suitable and affordable car insurance for high risk drivers.

What You Need to Know About the Best Accident Insurance Companies

Accident forgiveness and accident insurance are not the same types of coverage, but both policy types can help you save money after an auto collision. It is important to note as well there are insurance companies that don’t penalize you if an accident isn’t your fault.

Accident forgiveness stops your car insurance rates from going up after an accident. Allstate and Nationwide offer the best accident forgiveness packages, but you will pay more for coverage.

Liberty Mutual is the only auto insurance company offering personal accident insurance as a standalone policy with AD&D coverage. If you are an existing Liberty Mutual customer, you can bundle your auto and accident insurance policies for additional discounts.

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Case Studies: Securing Affordable Auto Insurance After Multiple Accidents

These case studies illustrate how drivers with multiple accidents found affordable auto insurance by choosing the right providers and coverage options.

• Case Study #1 – State Farm’s Accident Forgiveness Plan: John, a 35-year-old from Texas, lowered his premiums after two at-fault accidents by switching to State Farm and using their accident forgiveness program to avoid future rate hikes.
• Case Study #2 – Geico’s Budget-Friendly Coverage: Emily, a 29-year-old from Florida, found Geico’s affordable rates helped her save significantly after a serious collision, maintaining essential coverage despite her accident record.
• Case Study #3 – Flexible Options With Travelers Insurance: Mark, a 45-year-old from California, secured customizable coverage at a reasonable cost with Travelers, despite having three at-fault accidents in five years.

By exploring different companies and coverage options, these drivers were able to find the best solutions tailored to their specific situations. Uncover details in our guide “Buying Liability Auto Insurance Coverage.”

Whether through accident forgiveness, competitive rates, or flexible plans, there are options available to help manage costs after multiple accidents. You can find affordable auto insurance no matter what your driving record looks like by entering your ZIP code below in our free quote comparison tool.

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