What is the best credit card for car insurance payments?

The best credit card for car insurance payments is the State Farm Premier Cash Rewards Visa Signature® Card because it offers 3% cash back on insurance premium payments (up to $4,000 spent annually). New cardholders can also earn $150 cash back by spending $500 in the first 90 days. The State Farm Premier Cash Rewards Card comes with a $0 annual fee and requires excellent credit (750+ credit score) for approval.

Best Credit Cards for Car Insurance Payments

When choosing the best credit card for car insurance payments, you should look into features such as initial bonuses and 0% intro APR offers. Both could be advantageous if you’re planning on making a large insurance payment, as the payment can go toward the bonus’s spending requirement, or you can spread your payment out over several months, interest-free. Of course, you should always familiarize yourself with the card’s fees, ongoing rewards, and regular interest rates, too. If you don’t pay your balance in full each month when the regular APR is in effect, you'll incur interest charges, which could negate any rewards you earn.

It's also important to note that if you’re making an insurance payment on a credit card, your insurer may charge a convenience fee, either a percentage of the payment amount or a flat fee. If this fee applies, make sure it’s not higher than your credit card’s rewards rate, so you don’t end up losing money on the deal.

To see more options, check out WalletHub’s editors’ picks for the best rewards credit cards.