Best Car Insurance Companies That Accept Mastercard (2021)

Car insurance companies that accept MasterCard include all of the top insurance companies. However, you may pay a convenience fee for using your credit card, and it might lower your credit score. Auto insurance companies that accept MasterCard also offer other ways to pay that don’t cost you money, such as with your banking information, debit card, or check.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Sep 30, 2021

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The Highlights

  • All major car insurance companies accept MasterCard
  • Drivers may be charged a convenience fee for paying with a credit card
  • Although using a MasterCard to pay for car insurance is convenient, it can lower your credit score

The best car insurance companies out there give drivers options on coverage and how to pay their bills.

Finding car insurance companies that accept MasterCard is easy because all of the top insurers accept credit cards, including MasterCard.

However, paying for car insurance on a credit card does have its risks, such as lowering your credit score.

Shop around to find affordable car insurance companies that accept MasterCard. Compare rates from multiple companies to find great coverage with the cheapest rates.

Enter your ZIP code now to compare free quotes from car insurance companies that accept MasterCard in your area today.

What car insurance companies accept MasterCard?

Can I pay my car insurance with a credit card? It might surprise you to learn that car insurance companies offer several different ways to pay, including credit cards.

Car insurance companies recognize that every driver is different. That’s why they give drivers a lot of options when it comes to choosing and paying for car insurance coverage.

All of the top car insurance companies allow you to pay with your MasterCard even if they all charge different rates.

This table shows you average rates from car insurance companies that accept MasterCard.

Average Annual Car Insurance Rates Based on Coverage Type
CompaniesAverage Annual Rates
for Low Coverage
Average Annual Rates
for Medium Coverage
Average Annual Rates for High Coverage
Allstate$4,628.03$4,896.81$5,139.02
American Family$3,368.49$3,544.37$3,416.40
Farmers$3,922.47$4,166.22$4,494.13
Geico$3,001.91$3,213.97$3,429.14
Liberty Mutual$5,805.75$6,058.57$6,356.04
Nationwide$3,394.83$3,449.80$3,505.37
Progressive$3,737.13$4,018.46$4,350.96
State Farm$3,055.40$3,269.80$3,454.80
Travelers$4,223.63$4,462.02$4,619.07
USAA$2,404.11$2,539.87$2,667.92
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You can see that USAA, GEICO, and State Farm offer the cheapest average rates for drivers no matter how they choose to pay.

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What are the advantages and disadvantages of using a credit card to pay for car insurance?

While making your insurance payment with a credit card offers some perks, there are some disadvantages to be aware of as well.

First, let’s start by discussing the reasons you might want to use your credit card to pay for your car insurance.

Pros to consider when paying your car insurance with a MasterCard are:

  • You can earn rewards by using your card. These rewards add up over time and can help pay for things like travel
  • You can get a car insurance discount for paying your bill either up front or for setting up automatic payments
  • You don’t have to worry about when your bill is due. This helps you avoid a lapse in coverage
  • If you can’t afford your car insurance, using a credit card gives you more time to pay

There are some downsides to using a credit card to pay your bills. Cons include:

  • You may be charged a convenience fee by your car insurance company
  • If you don’t pay your credit card bill in full you can face expensive interest charges
  • Your debt can pile up if you aren’t paying your credit card bill in full each month
  • Your credit score will go down due to increased debt

According to the Insurance Information Institute, car insurance companies believe that drivers with a higher credit score are less likely to file accident claims and pay for damages themselves.

Car insurance companies will charge much higher rates to drivers with a poor credit score, wiping out any advantage you might have had by using your credit card.

Car Insurance Companies That Accept MasterCard: The Bottom Line

Although you might find some smaller car insurance companies that don’t accept MasterCard, all of the top insurance companies do accept MasterCard.

Shop around to find the car insurance that best fits your needs. Every company will offer different rates so comparison shopping is a must to find cheap coverage.

Enter your ZIP code to compare quotes from auto insurance companies that accept MasterCard near you for free.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

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