Cheap Broad Form Insurance in 2024 (Top 10 Low-Cost Companies)
Geico, Progressive, and Erie are the top choices for cheap broad form insurance. Geico offers the cheapest broad form rates at an average of $70/mo. Broad form insurance is a very limited type of liability coverage, and very few drivers will benefit from purchasing just a broad form insurance policy.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
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UPDATED: Jul 8, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page 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 auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 8, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
19,116 reviewsCompany Facts
Min. Coverage for Broad Form Insurance
A.M. Best Rating
Complaint Level
Pros & Cons
19,116 reviews
13,128 reviewsCompany Facts
Min. Coverage for Broad Form Insurance
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
1,814 reviewsCompany Facts
Min. Coverage for Broad Form Insurance
A.M. Best Rating
Complaint Level
Pros & Cons
1,814 reviewsGeico, Progressive, and Erie are the top picks for cheap broad form insurance.
When you’re searching for cheap auto insurance, broad form auto insurance may be a coverage type that you consider, as in many cases, broad form car insurance may not meet the coverage limits for an insured vehicle in your state. However, it may be perfect for some drivers.
Our Top 10 Company Picks: Cheap Broad Form Insurance
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $70 | A++ | Competitive Rates | Geico |
 | #2 | $75 | A+ | Comprehensive Coverage | Progressive |
 | #3 | $76 | A+ | Customer Satisfaction | Erie |
 | #4 | $77 | A+ | Broad Coverage | Nationwide |
 | #5 | $78 | A++ | Military Support | USAA |
 | #6 | $79 | A+ | High Ratings | Amica |
 | #7 | $80 | B | Reliable Coverage | State Farm |
 | #8 | $82 | A | Personalized Service | Farmers |
 | #9 | $84 | A+ | Strong Reputation | Allstate |
 | #10 | $85 | A | Flexible Policies | Liberty Mutual |
Below, we’ll discuss what broad form auto insurance is, how much it costs, what it covers, and who could consider purchasing it. Before continuing, you can also enter your ZIP code to compare auto insurance quotes from companies in your area.
- Geico has the cheapest broad form insurance quotes
- Broad form auto insurance is a very limited type of liability policy
- Broad form coverage covers damage to another person’s vehicle and injuries
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#1 – Geico: Top Pick Overall
Pros
- Competitive Rates: Geico has competitive broad form insurance rates.
- Deductible Options: Deductibles can be adjusted on policies. Read more in our Geico review.
- Online Management: Geico’s app allows online changes to be made quickly.
Cons
- Agent Availability: Support is less personalized because Geico doesn’t have local agents.
- Claim Handling: Claims are sometimes processed slower than expected.
#2 – Progressive: Best for Flexible Payment Options
Pros
- Flexible Payment Options: Choose from several payment frequencies and methods.
- Discount Variety: There are a few different ways customers can save. Read more in our Progressive review.
- Repair Shop Network: Progressive customers can choose to repair their car at a trusted repair shop.
Cons
- High-Risk Rates: Broad form insurance will cost more if customers have poor driving records.
- Customer Service: Responsiveness from representatives isn’t always rated well.
#3 – Erie: Best for Customer Satisfaction
Pros
- Customer Satisfaction: Erie’s ratings are good. Learn more in our Erie review.
- Rate Lock: Erie keeps rates the same unless there are policy or driver record changes.
- Discount Variety: Erie customers will have a few different options to save.
Cons
- Availability: Erie doesn’t operate in every state.
- Claim Filing: Claims can’t be filed online, which makes filing more time-consuming.
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#4 – Nationwide: Best for Accident Forgiveness
Pros
- Accident Forgiveness: Higher rates could be avoided by some Nationwide customers.
- Bundling Discount: Purchasing multiple types of insurance reduces auto insurance costs.
- Roadside Assistance: This can be added as an extra to any policy.
Cons
- Online Management: Tools provided by Nationwide may not be as extensive.
- Customer Service: Ratings could use improvement. Find out more in our Nationwide review.
#5 – USAA: Best for Military Savings
Pros
- Military Savings: USAA customers can save on shopping and traveling.
- Customer Service: Rated highly by the majority of USAA customers. Learn more in our USAA review.
- Discount Opportunities: USAA has plenty of ways for customers to save on broad form auto insurance.
Cons
- Eligibility Requirements: Coverage is exclusively sold to military members and veterans.
- Office Availability: Local offices aren’t widely available in the U.S.
#6 – Amica: Best for High Ratings
Pros
- High Ratings: Amica’s customer satisfaction is high, according to ratings. Learn more in our Amica review.
- Accident Forgiveness: Some customers may qualify for forgiveness if they are safe drivers.
- Discount Variety: There are plenty of discounts to help Amica customers save.
Cons
- Availability: Amica isn’t sold in a few select locations.
- Extra Coverages: Amica doesn’t have a few extra add-on coverages for sale.
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#7 – State Farm: Best for Reliable Coverage
Pros
- Reliable Coverage: State Farm is known for its reliability. For more details, read our State Farm review.
- Local Agents: Find in-person assistance for your board form insurance policy.
- Discount Variety: State Farm’s broad form insurance rates can be lowered with discounts.
Cons
- Financial Ratings: Recently, State Farm’s financial strength ratings were lowered.
- Online Services: Online services are more limited at State Farm.
#8 – Farmers: Best for Customizable Coverage
Pros
- Customizable Coverage: Customers can easily customize their broad form insurance.
- Local Support: Most states will have local agent support. Learn more in our Farmers review.
- Discount Variety: Farmers has several saving options for broad form policies.
Cons
- Claim Experience: Not all reviews are positive, citing slower claims processing.
- Online Tools: Online management tools may not be as effective as the competition.
#9 – Allstate: Best for Pay-Per-Mile Coverage
Pros
- Pay-Per-Mile Coverage: Milewise by Allstate may be ideal for broad form customers who don’t drive often.
- Online Convenience: Allstate’s app makes online changes and claims simple. Learn more by reading our Allstate review.
- Claim Satisfaction Guarantee: Premium credits may be offered to unsatisfied Allstate customers.
Cons
- Customer Reviews: Allstate has more low ratings and complaints than most companies.
- High-Risk Rates: Competitive rates are harder to get at Allstate for poor drivers.
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#10 – Liberty Mutual: Best for Flexible Policies
Pros
- Flexible Policies: Board form policies at Liberty Mutual are flexible.
- 24/7 Support: Broad form customers do have access to constant representative support.
- Roadside Assistance: This can be added for an extra cost to any policy. Read more in our review of Liberty Mutual.
Cons
- Customer service: With few local agents, customer service is less personable.
- Discount Availability: Availability may be limited by location for some customers.
Broad Form Insurance Explained
What is broad form insurance? Broad form car insurance (also known as broad form named operator coverage) is very limited, bare-bones coverage liability auto insurance that covers only one driver, rather than a vehicle.
It may not offer the amount of coverage that is legally required in every state, and it is only available in these states:
- Colorado
- Delaware
- Idaho
- Iowa
- Maryland
- Mississippi
- Nebraska
- Nevada
- Ohio
- Tennessee
- Washington
For example, if you had broad form insurance in Washington state, and you drive multiple personal vehicles, you are covered in any of those vehicles.
What Broad Form Covers
What does a broad form policy cover? Broad form insurance generally only offers coverage for damage caused to another person’s vehicle and their injuries. Unfortunately, broad form coverage tends to have more gaps than coverage.
Broad form coverage insurance does not cover your vehicle or your injuries, regardless of whether damages to your vehicle are caused by a collision or another event, such as theft or a natural disaster.Dani Best Licensed Insurance Producer
It will also not offer any coverage if someone else is driving your vehicle since the policy is for you as a driver rather than your vehicle.
Cost of Broad Form Insurance
How much is broad form insurance coverage? Some broad form insurance quotes suggest it may be cheaper to purchase than a standard insurance policy or full coverage. Get quotes directly from companies like Geico or use a quote comparison tool.
To give you an idea of what you might pay for broad insurance coverage, here are the average rates.
Broad Form Insurance Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $84 | $168 |
| Amica | $79 | $158 |
| Erie | $76 | $153 |
| Farmers | $82 | $165 |
| Geico | $70 | $140 |
| Liberty Mutual | $85 | $170 |
| Nationwide | $77 | $152 |
| Progressive | $75 | $150 |
| State Farm | $80 | $160 |
| USAA | $78 | $155 |
Your deductible for broad form insurance may also vary, but if you can afford to take a higher deductible, it may save you money on your monthly premiums when compared to a standard policy. You will also save if you apply for car insurance discounts at the best broad form companies.
The more discounts you qualify for, the more you will save on broad form coverage.
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Who Should Purchase Broad Form Insurance
Should I purchase broad form coverage? For most people, broad form auto insurance isn’t the best choice for coverage. However, it may be okay for people in the following situations:
- You have the ability to pay high out-of-pocket expenses, such as your deductible for broad form insurance or expenses that aren’t covered at all.
- You own a low-value vehicle or don’t own one at all and occasionally drive other’s vehicles.
- You are trying to get your driver’s license back and want to provide proof of insurance.
If none of these sounds like you, you may be better off purchasing other types of auto insurance, such as a regular liability, collision coverage, or comprehensive insurance policy.
If you decide to continue your search for a broad form policy, you may want to begin by searching “broad form insurance near me” to find an insurance company that offers coverage in your area.
For example, when searching for broad form insurance policies in WA, you may come across Vern Fonk broad form insurance. You can contact any broad coverage insurance companies you find for a broad form insurance quote.
Wrapping Up: Broad Form Auto Insurance Quotes
Finding broad form insurance online is relatively easy if you know where to look. If you decide broad form car insurance is right for you, you should conduct enough research to make sure you’re finding the right insurance company for you.
When considering additional coverage such as broad form insurance, personal injury protection, uninsured motorist coverage, or limited coverage talk to your insurance agent to make sure you are getting the best rates available (learn more: How much car insurance do I need?).
Make sure to get multiple quotes before settling on any company and always make sure you meet your state’s minimum liability requirements. If you need help getting broad form auto insurance quotes, use our free quote comparison tool below.
Frequently Asked Questions
What is broad form auto insurance?
Broad form auto insurance is a type of insurance coverage that provides liability protection for a specific individual named in the policy. Unlike traditional auto insurance policies that cover multiple drivers and vehicles, broad form insurance is limited to a single individual and typically offers coverage for a specific vehicle.
What does broad form auto insurance cover?
Broad form auto insurance generally provides liability coverage for bodily injury and property damage caused by the insured driver. This means that if you are involved in an accident and found at fault, your broad form insurance will help cover the costs of medical expenses, property repairs, and legal fees for the other party involved. It does not typically provide coverage for your own vehicle’s damages or injuries.
Who is eligible for broad form auto insurance?
Broad form auto insurance is typically available to individuals who meet certain criteria set by insurance companies. These criteria may vary depending on the insurer, but common requirements include having a clean driving record, being over a certain age (often 25 or older), and having a valid driver’s license.
Additionally, some insurers may require the insured individual to own the vehicle they wish to insure under broad form coverage (read more: How to Get Insurance for a Car Not in Your Name).
What are the advantages of broad form auto insurance?
Broad form auto insurance can have some advantages for specific situations. Since it covers only a named individual and a specific vehicle, it may be a more affordable option for those who don’t frequently lend their vehicle to others or have multiple drivers in their household. It can be particularly beneficial for individuals who own an additional vehicle that is rarely driven.
Are there any limitations to broad form auto insurance?
Yes, there are limitations to broad form auto insurance. The coverage is typically restricted to the named insured individual and the specified vehicle, meaning it won’t provide coverage if someone else drives the insured vehicle and gets into an accident. Additionally, broad form insurance usually does not include coverage for medical expenses or damages to the insured vehicle itself in case of an accident.
Is broad form auto insurance available in all states?
No, broad form auto insurance is not available in all states. It is offered in select states, and the availability may vary among insurance companies. It’s important to check with insurance providers in your state to determine if broad form coverage is an option (learn more: Minimum Auto Insurance Requirements by State).
Should I consider broad form auto insurance?
Whether or not you should consider broad form auto insurance depends on your specific circumstances. If you are the sole driver of a vehicle and don’t frequently lend it to others, and if you are looking for a more cost-effective insurance option, broad form coverage might be worth considering. However, it’s important to carefully evaluate the coverage limitations and compare it with other insurance options to ensure it meets your needs.
How much is broad form insurance?
The cost of broad form insurance depends on your choice of company, driving record, location, and more. For example, the cost of broad form insurance in Colorado Springs is going to be different than the cost of broad form car insurance in Washington state (read more: Which states have the cheapest auto insurance rates?).
Who offers broad form insurance?
Most car insurance companies offer broad form insurance, such as Dairyland broadform insurance.
How can I find broad form insurance near me?
Search for companies in your area who offer broad form insurance, or use a quote comparison tool to search for your desired coverage. Compare rates today with our free quote tool.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
