Best Auto Insurance Companies That Offer Loans (2021)

There are many popular auto insurance companies that offer loans including Allstate and State Farm. The auto insurance companies that don't offer loans are usually smaller companies with lower financial strength ratings. The best auto insurance companies that offer loans can vary from state to state. Insurance companies that offer loans tend to have a large market share.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Oct 19, 2021

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Things to Remember

  • Many top auto insurance providers offer a variety of loans, including auto loans
  • The cheapest auto insurance companies that offer loans will most likely be popular brands with a high market share
  • Most auto insurance companies that offer vehicle loans will only provide loans for refinancing

Shopping for new vehicles can be less stressful even when using the best auto insurance companies that offer loans. This way, you’ll have all of the information and payments necessary for your car in one place.

It’s hard to know which auto insurance companies to trust. We’ll help by comparing the best auto insurance companies, breaking down some auto insurance company ratings, and more.

Excited to learn more about auto insurance companies that offer loans? Before you move on, enter your ZIP to get instant rates from top auto insurance providers today.

Auto Insurance Companies That Offer Loans

Finding auto insurance companies that also offer loans can help you get affordable interest rates with added convenience when paying for your insurance and loan.

Insurers that offer loans are usually among the best insurance companies for home and auto insurance, with a notable market share.

Highest Rated Auto Insurance Companies
Insurance CompanyA.M. Best RatingsDirect Premiums Written
(in Billions)
Market Shares
(in Percent)
Loss Ratios
(in Percent)
AllstateA+ (Superior)$22.7 (↑)9.19% (↓)56% (↓)
American FamilyA (Excellent)$4.7 (↑)1.9% (↑)69% (~)
FarmersA (Excellent)$10.5 (↑)4.26% (↓)61% (~)
GEICOA++ (Superior)$33.1 (↑)13.41% (↑)71% (~)
Liberty MutualA (Excellent)$11.8 (↑)4.77% (↓)62% (~)
NationwideA+ (Superior)$6.7 (↓)2.73% (↓)58% (↓)
ProgressiveA+ (Superior)$27.1 (↑)10.97% (↑)62% (~)
State FarmA++ (Superior)$41.9 (↑)17.01% (↓)63% (↓)
TravelersA++ (Superior)$4.7 (↑)1.9% (↑)60% (~)
USAA
(Military &
Family Members)
A++ (Superior)$14.5 (↑)5.87% (↑)77% (~)

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Many of the top-rated auto insurance companies will also offer other insurance or financial products. This could include life insurance, annuities, or other retirement solutions.

Compare Auto Insurance Companies With Loans

What are the 10 best insurance companies? This depends on the type of insurance you’re looking for. For example, the best companies for homeowner’s insurance will differ from the best auto insurance companies.

Of the top-rated auto insurance companies listed in the table above, only Travelers doesn’t offer some type of loan. With the companies above, you could find home, personal, or auto loans.

How much is auto insurance?

Auto insurance prices will vary for many factors including the vehicle, driving habits, driving record, state, age, and more. Who offers the cheapest auto insurance quotes?

Average Annual Liability and Full Coverage Auto Insurance Rates by State
StatesAverage Annual
Liability Auto Insurance Rates
Average Annual Full Coverage Auto Insurance Rates
Alabama$394.21$868.48
Alaska$539.68$1,027.75
Arizona$508.76$972.85
Arkansas$394.13$906.34
California$489.66$986.75
Colorado$520.04$981.64
Connecticut$650.94$1,151.07
Delaware$799.30$1,240.57
District of Columbia$628.82$1,330.73
Florida$857.64$1,257.13
Georgia$557.38$1,048.40
Hawaii$458.54$873.28
Idaho$344.29$679.89
Illinois$446.72$884.56
Indiana$382.68$755.03
Iowa$299.18$702.46
Kansas$358.24$862.93
Kentucky$529.21$938.51
Louisiana$775.83$1,405.36
Maine$338.87$703.82
Maryland$609.74$1,116.45
Massachusetts$606.04$1,129.29
Michigan$795.32$1,364.00
Minnesota$456.82$875.49
Mississippi$460.50$994.05
Missouri$415.88$872.43
Montana$386.29$863.52
Nebraska$364.64$831.02
Nevada$681.56$1,103.05
New Hampshire$400.56$818.75
New Jersey$869.57$1,382.79
New Mexico$488.03$937.59
New York$804.51$1,360.66
North Carolina$359.42$789.09
North Dakota$298.18$773.30
Ohio$397.11$788.56
Oklahoma$461.01$1,005.32
Oregon$584.13$904.83
Pennsylvania$499.06$970.51
Rhode Island$759.80$1,303.50
South Carolina$527.09$973.10
South Dakota$300.22$766.91
Tennessee$413.91$871.43
Texas$528.75$1,109.66
Utah$497.53$872.93
Vermont$343.12$764.02
Virginia$425.61$842.67
Washington$596.67$968.80
West Virginia$491.83$1,025.78
Wisconsin$374.37$737.18
Wyoming$321.04$847.44
National Average$538.73$1,009.38
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Above, you’ll get an idea of how much auto insurance coverage should cost you for a year, assuming you don’t have any major driving infractions or accidents on your record.

How can I find the best price on auto insurance? The best way to find cheap auto insurance rates is to compare rates from multiple companies. This includes doing a little research on available auto insurance discounts.

Finding the Best Auto Insurance Company For You

By using the tables above, you should be able to identify some competitive auto insurance providers. Unfortunately, it’s hard to give a clear-cut answer on the best auto insurance company due to the number of variables.

If you insist on choosing auto insurance companies that offer loans, you’ll most likely want to stick to one that has a large market share and that is well known.

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Many auto insurance companies that offer loans will only offer vehicle loans for refinancing. This means there’s a good chance you’ll have to get a loan with a different lender initially.

Eventually, you could acquire a loan from a top auto insurance provider for added convenience and lower interest rates.

What is the top-rated auto insurance company? Choosing companies with high A.M. Best ratings, such as USAA car insurance, is always a smart choice.

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Auto Insurance Companies That Offer Loans: The Bottom Line

Many auto insurance companies also offer different financial services including mortgage loans, auto loans, and other retirement solutions. Highly rated insurers are the most trustworthy.

By now, you should know where to look for auto insurance companies that offer loans. Before you go, get instant quotes from top insurers by entering your ZIP below.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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