The best medical payments car insurance is from Geico, USAA, and Travelers. Medical payments (MedPay) coverage is a type of car insurance that pays for medical expenses when a car accident injures the policyholder, their passengers, or other drivers listed on the policy. In addition to medical bills, MedPay also covers professional nursing services and funeral expenses, as well as deductibles, copays, and coinsurance for other types of insurance.
Best Medical Payments Insurance Companies
- Geico: $258 per year
- USAA: $268 per year
- Travelers: $390 per year
- Progressive: $444 per year
- Safeco: $285 per year
- Amica: $361 per year
The quotes above are based on average rates in Maine and New Hampshire, which are the only states that include MedPay in their minimum coverage requirements. The exact cost of coverage may be higher, depending on your state and personal characteristics.
Best Medical Payments Insurance Companies
Geico is the best insurance company for medical payments coverage, since it offers the most affordable premiums and earned a WalletHub editor rating of 4.5 out of 5. In addition to low base premiums, Geico offers a variety of discounts to help customers save even more on their rate.
USAA insurance is only available to military servicemembers, veterans, and their families. But for those who qualify, the company offers competitive rates for policies that include medical payments coverage. In addition to low prices, USAA customers can benefit from a variety of discounts and coverage options, including home and life insurance.
Travelers offers some of the most affordable medical payments coverage, and sells coverage nationwide. The company also earned a WalletHub editor rating of 3.8 out of 5 based on several rating criteria, including discounts, the ease of filing a claim, coverage options, and customer reviews.
Progressive’s medical payments coverage prices are competitive compared to other major insurers, and the company earned a WalletHub editor rating of 4.3 out of 5. In addition to low prices, Progressive offers several discounts and makes filing a claim simple and hassle-free.
Safeco is a great choice for customers looking for affordable medical payments coverage and reliable customer service. The company’s wide network of agents makes managing your policy easy, and customers can purchase several other types of insurance to bundle with their auto policy.
Amica’s medical payments coverage premiums are competitively priced, and the company offers several discounts that can help customers lower their rate. Additionally, Amica is available in nearly every state, and earns strong marks for customer service and company transparency.
How to Get the Best Medical Payments Insurance
1. Shop around for coverage
When you’re shopping for a policy that includes medical payments insurance, you should get quotes from at least three different insurers before choosing one. MedPay is generally cheap to start with, so finding a policy that’s affordable overall will help you save long-term.
2. Consider your coverage limits
If you live in a state that requires MedPay, you have to meet the legal coverage requirements. But considering how cheap MedPay is, you should consider purchasing more coverage than is required in order to give yourself more protection from medical bills after a severe accident.
3. Compare MedPay to existing coverage
If MedPay isn’t required in your state, you can choose to purchase personal injury protection (PIP), which also covers medical expenses after a wreck. PIP covers indirect expenses like child care and lost income, too. If you already have PIP, you can still purchase MedPay to cover your deductibles, but you can select lower limits.
WalletHub editors compared 10 major car insurance companies to determine the best medical payments coverage providers. Specifically, companies were ranked based on a combination of their premium affordability and their WalletHub editor rating. Both factors were weighted at 50%.
The premiums above are an average of a series of quotes sourced from Quadrant Information Services. All premiums are annual rates. The baseline driver profile was a 45-year-old single man with a clean driving record and good credit, who drives a sedan an average of 15,000 miles per year.