The best PIP insurance comes from Geico, Travelers, and Liberty Mutual. These companies are the best for personal injury protection (PIP) insurance because they offer affordable coverage in every state where PIP is required, plus they have strong customer service records.
Best PIP Insurance Companies
PIP, which stands for personal injury protection, is a type of car insurance that pays for medical expenses after the policyholder or their passengers are injured in a car accident. PIP is required in 13 states, including Florida, New York, and Pennsylvania.
Most states that require PIP have no-fault laws, which means that drivers must file medical claims with their own PIP insurance even if they weren’t responsible for the accident. Besides medical bills, PIP covers indirect costs caused by car accident injuries, such as lost wages, childcare, and household services.
Best PIP Insurance Companies
1. Geico
- Average premium for minimum coverage: $295 per year
- WalletHub editor rating: 4.5 out of 5
The best PIP insurance is from Geico, since it offers low premiums in every state where PIP is required. Geico also earned the highest WalletHub editor rating of any car insurance company, due to its affordable prices, many discounts, and strong customer service record.
2. Travelers
- Average premium for minimum coverage: $633 per year
- WalletHub editor rating: 3.8 out of 5
Travelers offers inexpensive PIP insurance that’s ideal for drivers who want a customer-friendly insurance company. In fact, Travelers has fewer than half as many customer complaints as the average insurer, plus an A+ rating from the Better Business Bureau.
3. Liberty Mutual
- Average premium for minimum coverage: $307 per year
- WalletHub editor rating: 3.3 out of 5
Liberty Mutual writes policies in every state where drivers need to purchase PIP. Additionally, the company earned full marks from WalletHub editors for its discounts, claims processes, and financial reliability, though it has received more customer complaints than the average insurer.
4. Progressive
- Average premium for minimum coverage: $1,195 per year
- WalletHub editor rating: 4.3 out of 5
Progressive is a consistently affordable car insurance company, making it a good choice for budget-conscious drivers looking for PIP coverage. Progressive operates in every state, so drivers can get an auto insurance policy from the company everywhere PIP is required.
5. State Farm
- Average premium for minimum coverage: $699 per year
- WalletHub editor rating: 3.4 out of 5
State Farm is the country’s largest auto insurance company, so it’s a good option for drivers who want to buy PIP insurance from a major insurer with plenty of resources. It’s also worth noting that State Farm policyholders can file a claim online, with their agent, or via a mobile app, making it an easy process.
6. Farmers
- Average premium for minimum coverage: $861 per year
- WalletHub editor rating: 2.8 out of 5
Farmers offers PIP coverage in every state where it is required except Hawaii, and it’s a good choice for drivers looking for a variety of optional coverage add-ons. It’s also worth noting that Farmers has a highly-rated system for filing claims, as well as discounts for hybrid vehicles.
7. MetLife
- Average premium for minimum coverage: $903 per year
- WalletHub editor rating: 2.6 out of 5
MetLife has fewer customer complaints than most of its competitors, making it a good choice for drivers who are looking for strong customer service. On the other hand, MetLife premiums tend to be more expensive than average.
8. Nationwide
- Average premium for minimum coverage: $653 per year
- WalletHub editor rating: 2.9 out of 5
Nationwide offers affordable PIP coverage and has a better customer service record than most competitors, making it a reliable choice for insurance. However, Nationwide does not offer coverage in two states that require PIP: Delaware and Hawaii.
9. Kemper
- Average premium for minimum coverage: $699 per year
- WalletHub editor rating: 2.2 out of 5
Kemper specializes in high-risk drivers, so it’s a good option if you’re looking for PIP coverage and have a bad driving record. However, Kemper has a lot more customer complaints than average.
10. Allstate
- Average premium for minimum coverage: $1,353 per year
- WalletHub editor rating: 3.2 out of 5
Allstate offers coverage in every state that requires PIP insurance, and the company has a variety of discounts and policy add-ons, too. On the downside, Allstate’s premiums tend to be more expensive than average, though rates vary widely between individual drivers.
Tips for Choosing the Best PIP Insurance
- Compare quotes from multiple insurance companies.
As a general rule, it’s a good idea to compare quotes from at least three insurers before buying a policy. This way, you can determine which company has the most affordable PIP coverage for your specific rating factors.
- Consider increasing your PIP limits.
Choosing to purchase more PIP coverage can be an inexpensive way to protect yourself from the financial repercussions of serious car accident injuries. PIP is especially important if you don’t have health insurance, or if you don’t have enough in savings to support yourself if you are unable to work after a car accident.
- Take advantage of discounts.
Car insurance discounts vary by state and company, but most insurers offer good-student, multi-car, and good-driver discounts of some type. Since discounts can save you up to 35% on your premium, it’s a good idea to try and qualify for as many ways to save as you can.
Methodology
WalletHub editors compared 12 major car insurance companies to determine the best PIP insurance providers. Companies were evaluated according to their average premium, WalletHub editor rating, and availability in the 13 states that require PIP insurance. All factors were weighted equally, though price was used as a tiebreaker when necessary.
Premiums are an average of a series of annual quotes for Florida ZIP codes sourced from Quadrant Information Services. Quotes are for 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.
The following coverage limits were used for the overall ranking:
- $10,000 in personal injury protection
- $10,000 in property damage liability coverage per accident