Cheapest car insurance companies in Cuba
After an in-depth analysis, Insurance.com found that Central Insurance and Progressive are the cheapest car insurance companies in Cuba for 2023.
Central Insurance is the cheapest option for most Cuba drivers, with an average annual rate of $1,521 .
When it comes to car insurance costs in Cuba, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy.
| Companies | Average annual rates |
|---|---|
| USAA | $1,169 |
| Central Insurance | $1,521 |
| Progressive | $1,552 |
| Geico | $1,554 |
| State Farm | $1,723 |
| Nationwide | $1,775 |
| Allstate | $2,583 |
| Farmers | $2,770 |
| Iowa Farm Bureau | $2,810 |
Cheapest car insurance cost in Cuba by Age Group
Central Insurance stands out as Cuba's cheapest auto insurance company for teen drivers at an average annual of $3,177. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups.
Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.
For young drivers in Cuba, USAA has the cheapest auto insurance rates, with an average annual cost of $1,697 annually.
Drivers in Cuba stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. USAA has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $1,184 a year.
With an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,254, USAA offers Cuba's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Central Insurance | $3,177 | $2,224 | $1,570 | $1,719 |
| USAA | $3,399 | $1,697 | $1,184 | $1,254 |
| Geico | $4,606 | $2,380 | $1,608 | $1,571 |
| State Farm | $4,705 | $2,790 | $1,733 | $1,661 |
| Iowa Farm Bureau | $4,850 | $3,381 | $2,784 | $2,584 |
| Nationwide | $5,727 | $2,807 | $1,780 | $1,680 |
| Progressive | $6,073 | $2,445 | $1,581 | $1,607 |
| Allstate | $8,797 | $4,059 | $2,563 | $2,713 |
| Farmers | $11,997 | $4,845 | $2,634 | $2,847 |
| Kemper Insurance | $16,686 | N/A | N/A | N/A |
Cheapest car insurance companies in Cuba by driver profile
When determining car insurance rates in Cuba, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
Comparison shopping is the key to getting the cheapest car insurance rates in Cuba. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.
Below are some of the cheapest car insurance companies in Cuba by driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Cuba drivers at about $1,640 per year.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Geico | $1,640 |
| Nationwide | $1,665 |
| USAA | $2,102 |
| Progressive | $2,266 |
| State Farm | $2,314 |
| Allstate | $2,833 |
| Farmers | $3,015 |
Cheapest for drivers with a speeding ticket: State Farm
State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Cuba. It offers full coverage car insurance for drivers aged 30 at about $1,281 per year.
Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.
| Company | Average annual premium |
|---|---|
| State Farm | $1,281 |
| Nationwide | $1,362 |
| USAA | $1,445 |
| Geico | $1,912 |
| Progressive | $1,940 |
| Allstate | $2,453 |
| Farmers | $2,477 |
Cheapest auto insurance after an at-fault accident: State Farm
State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Cuba is $1,302. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.
| Company | Average annual rates |
|---|---|
| State Farm | $1,302 |
| Nationwide | $1,740 |
| USAA | $1,853 |
| Geico | $2,154 |
| Progressive | $2,454 |
| Farmers | $2,854 |
| Allstate | $3,178 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Cuba drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,281, on average.
If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $1,281 |
| Progressive | $2,103 |
| USAA | $2,447 |
| Nationwide | $2,472 |
| Geico | $2,506 |
| Farmers | $2,957 |
| Allstate | $3,623 |
Average car insurance cost in Cuba
The average car insurance rate in Cuba for full coverage is $1,939 per year or $162 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Cuba is $415 per year.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | State minimum average |
|---|---|
| $1,939 | $415 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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