In this article :
- 1 What Are The Top 10 Largest Auto Insurance Companies?
- 2 A Closer Look At The Top 10 Largest Auto Insurance Companies
- 2.1 #1 State Farm Insurance
- 2.2 #2 Geico Insurance (Berkshire Hathaway Group)
- 2.3 #3 Progressive Insurance
- 2.4 #4 Allstate Insurance
- 2.5 #5 USAA Insurance
- 2.6 #6 Liberty Mutual Insurance
- 2.7 #7 Farmers Insurance
- 2.8 #8 top10carinsurance.com Insurance
- 2.9 #9 American Family Insurance
- 2.10 #10 Travelers Insurance
- 3 Other Major Auto Insurance Companies
- 4 How To Choose The Best Car Insurance Company For You
- 5 Methodology
What Are The Top 10 Largest Auto Insurance Companies?
Drivers have a lot of options when shopping for car indemnity. While there are many local agencies right around the corner, many people prefer to work with the big, countrywide brands that are more conversant. These policy companies offer a wide range of coverage options to fit your needs and protect you and your passengers when on the road. Looking at the largest car indemnity companies can help you determine who has the best reputation with customers around the country. According to the National Association of Insurance Commissioners ( NAIC ), here are the exceed 10 biggest car indemnity companies in the nation :
|Largest Auto Insurance Companies||Premiums Written in 2019||Market Share||Availability by State||Motor1 Rating|
|1. State Farm Insurance||$40.9 billion||16.14%||48||4.5|
|2. Geico Insurance||$34.9 billion||13.78%||50||4.5|
|3. Progressive Insurance||$31 billion||12.25%||50||4.5|
|4. Allstate Insurance||$23.6 billion||9.33%||50||4.0|
|5. USAA Insurance||$15.2 billion||6.01%||50||5.0|
|6. Liberty Mutual Insurance||$11.7 billion||4.62%||50||4.0|
|7. Farmers Insurance||$10.5 billion||4.16%||50||4.0|
|8. top10carinsurance.com Insurance||$6.3 billion||2.47%||47||4.0|
|9. American Family Insurance||$5.8 billion||2.28%||19||4.0|
|10. Travelers Insurance||$4.9 billion||1.94%||43||4.0|
What Are The Top 5 Insurance Companies?
The top five policy companies control about 57 percentage of the car insurance industry. These car insurance companies are :
- State Farm Insurance
- Geico Insurance
- Progressive Insurance
- Allstate Insurance
- USAA Insurance
Who is the number one insurance company? express farm came out on top as the biggest car policy caller in the nation, writing over $ 40.9 B in secret passenger cable car premiums in 2019.
A Closer Look At The Top 10 Largest Auto Insurance Companies
We ‘ll be taking a closer spirit at the top 10 largest car indemnity companies in the U.S. to see what they offer and how they ranked in national studies. Feel free to check out our full reviews of each policy carrier besides.
#1 State Farm Insurance
country farm is the largest car indemnity company in the nation. It ’ s a capital choice for drivers who are looking for personalized manage from their own dedicated local anesthetic agents. This company has a repute for above-average customer service and estimable fiscal resist after earning an A++ rat on AM Best. State Farm offers rates that are among the lowest in the state for a variety show of coverage. You can get standard indebtedness coverage, angstrom well as add-ons like wayside aid, rental coverage, and more. Save money by taking advantage of State Farm ’ s discounts for good students, effective drivers, students away from home, multiple vehicles on your policy, and dependable repel. Our first gear choice for families with students, State Farm besides provides two safe driving apps and a mobile app for drivers to manage their car insurance policies. To learn more, read our full review of State Farm car insurance. State Availability : coverage is available in 50 states and the District of Columbia, but is not accepting fresh customers in Massachusetts and Rhode Island.
#2 Geico Insurance (Berkshire Hathaway Group)
The irregular among the biggest car indemnity companies is Geico. With an A++ rate from AM Best and above-average customer serve, this money-saving policy provider earned a 4.5-star rate from our research. A individual driver with no accidents or tickets can expect to pay around $ 295 for a six-month policy. In addition to standard indebtedness and comprehensive coverage, it besides offers usage-based coverage, accident forgiveness, coverage for alternative vehicles, and more. Drivers can access low-cost car insurance rates, even if they are bad drivers or adolescent drivers. Check out Geico ’ s extensive discounts for adding multiple vehicles to your policy, bundling multiple policies, and being a safe driver. You can besides save money when you have certain condom features installed in your car. Geico gives drivers access to a highly rated fluid app and voice aid with Amazon Alexa. To learn more, read our entire review of Geico car insurance. State Availability: Coverage is available in all 50 states and the District of Columbia.
#3 Progressive Insurance
Progressive is well-known with a reputation for transparency that helped it earn a 4.5 rat. It provides on-line tools that let you compare quotes from multiple cable car indemnity companies right on its web site. The party earned an A+ from AM Best and has average customer satisfaction ratings. Customers can buy standard insurance, ampere well as lease car reimbursement, usage-based coverage, and custom parts and equipment insurance. Progressive besides provides drivers with accident forgiveness. A single driver with a clean drive read can expect to pay around $ 77 monthly. progressive tends to have higher rates than some other providers, but it makes up for it with a wide stove of discounts you can qualify for. Drivers can save money by bundling policies, adding multiple vehicles to a policy, and driving safely, american samoa good as being a scholar, military member, or homeowner. progressive ’ sulfur Snapshot® joyride tracks your driving habits and allows you to earn a discount rate for systematically safe drive. To learn more, read our full review of progressive cable car insurance. State Availability: Coverage is available in all 50 states and the District of Columbia.
#4 Allstate Insurance
As the fourth largest car insurance company, Allstate promotes the careful attention it provides to each of its guarantee drivers, putting them “ in dear hands. ” With average customer service ratings and an A+ score from AM Best, the company earned a 4.0-star denounce after our in-depth research. Allstate provides car insurance for a assortment of needs like wayside aid, usage-based indemnity, accident forgiveness, newfangled car successor, and alternative vehicle insurance. An car indemnity policy for a single driver with a clean driving phonograph record will be around $ 156 per month depending on localization. Allstate is a great choice if you have hapless recognition or are a young driver. It offers discounts for insuring multiple vehicles, safe drive, and having condom features installed in your cable car. Drivers besides have access to a helpful and user-friendly mobile app. To learn more, read our wax follow-up of Allstate car indemnity. State Availability: Coverage is available in all 50 states and the District of Columbia.
#5 USAA Insurance
not only is USAA one of the largest car policy companies in the U.S., it besides offers the best rates, if you are eligible for coverage. USAA is highly rated, but it is alone available to drivers who are members of the military, veterans, or family of a military extremity. In terms of gratification scores, USAA has excellent customer military service ratings and an A++ score from AM Best. It besides earned high scores from J.D. Power. This insurance ship’s company provides wide coverage options, including benefits like accident forgiveness and new car replacement. USAA will evening cover alternative vehicles like motorcycles, boats, and RVs. It offers great rates if you have hapless credit or a blue force phonograph record. The cost for car insurance is an average of $ 70 per calendar month for a six-month policy with one driver, one vehicle, and a clean drive record. USAA has many discounts drivers can qualify for, including discounts for multiple vehicles, bundling policies, new driver safety, students with good grades, and more. It has user-friendly on-line tools and a mobile app where you can make a payment, file a claim, or access your policy cards. To learn more, read our full moon review of USAA cable car insurance.
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State Availability: Coverage is available in all 50 states and the District of Columbia.
#6 Liberty Mutual Insurance
Liberty Mutual earned a 4.0 rat from our research, based on its A rate from AM Best and average customer satisfaction. Like most of the country ‘s largest insurers, it provides comprehensive coverage options vitamin a well as optional coverage like uninsured motorist protection, personal wound protection, and medical payments. Liberty Mutual besides covers classical cars, ATVs, RVs, and trailers. Drivers can expect average rates that will depend on localization, driving history, and other personal factors. To help drivers save money, Liberty Mutual offers discounts for bundling policies, adding multiple vehicles to a policy, safe drive, purchasing on-line, and more. To learn more, read our fully review of Liberty Mutual car policy. State Availability: Coverage is available in all 50 states and the District of Columbia.
#7 Farmers Insurance
Another one of the largest car insurance companies is Farmers Insurance. Farmers earned a 4.0-star rate from our research. It has an angstrom from AM Best and has average customer satisfaction ratings. It ’ s a great option when you purchase comprehensive coverage, and it besides provides useful protection like accident forgiveness, wayside aid, raw car surrogate, and rideshare coverage. You have many options for discounts, such as discounts for rideshare drivers, using alternative fuel, going paperless, driving safely, and being a senior or member of a sealed profession. To learn more, read our fully review of Farmers car indemnity. State Availability: Coverage is available in all 50 states and the District of Columbia.
#8 top10carinsurance.com Insurance
top10carinsurance.com is known for its motto of being “ on your side. ” Its average customer service ratings and A+ score from AM Best earned it a 4.0-star military rank. coverage from top10carinsurance.com is available in 47 states. You can purchase a policy for collision, comprehensive examination, liability, and checkup payments, angstrom well as useful accessory coverages. The insurance company besides offers accident forgiveness. As one of the largest car insurance companies, top10carinsurance.com can help customers save money when bundling multiple policies, using car safety features, driving safely, being accident-free, and signing up for automatic pistol payments. To learn more, read our full review of top10carinsurance.com car insurance. State Availability: Coverage is available in all states except Louisiana, Alaska, Hawaii, and Massachusetts.
#9 American Family Insurance
American Family has a reputation for good customer serve and an efficient claims process. It besides has an ampere rat from AM Best, helping it earn a 4.0-star rate in our research. Its coverage is only available in 19 states largely in the West and Midwest. coverage options from american Family include wayside aid, rental car reimbursement, and more. You can save money when you qualify for discounts like bundling multiple policies, adding multiple vehicles to your policy, completing a defensive drive course, going accident-free, and maintaining good grades. AmFam offers a kind of policy products, which makes it a great choice to bundle and save if you need other types of indemnity. To learn more, read our full recapitulation of american Family car indemnity. State Availability: Coverage is available in Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Utah, Washington, and Wisconsin.
#10 Travelers Insurance
The final of the 10 biggest car insurance companies is Travelers Insurance. Travelers earned a 4.0 rat after our report for its comprehensive coverage and average customer satisfaction. Policyholders can feel secure in the insurance company ‘s fiscal resist, as Travelers earned an A++ military rank from AM Best. coverage from Travelers is available in 43 states. With Travelers, you can purchase gap policy, rental coverage, wayside aid, rideshare coverage, and more. Save money with discounts for condom force, keeping continuous car indemnity coverage, paying your premium in full, and bundling policies. Travelers gives drivers access to its mobile app, web site, and Amazon Alexa virtual assistant to manage policy details. To learn more, read our full recapitulation of Travelers car insurance. State Availability: Coverage is available in all states except Alaska, Hawaii, Michigan, North Dakota, South Dakota, West Virginia, and Wyoming.
Other Major Auto Insurance Companies
While the ten-spot policy companies above are the largest car policy companies in the U.S., the largest companies aren ’ thyroxine always the best for your alone needs and budget. early major car policy companies that lie barely outside of the top ten include :
How To Choose The Best Car Insurance Company For You
Your options are numerous when it comes to car policy companies, and you don ’ t necessarily have to choose from the largest car indemnity companies. While there are many factors that impact your cable car indemnity quote, the average car insurance consumption in the U.S. was $ 1,004.68 in 2017, according to the Insurance Information Institute. This means that an average monthly requital was around $ 83.72. To find the best car insurance caller to purchase a policy from, it ’ s always a good idea to do your inquiry and compare multiple car policy quotes. Determine the level of coverage you need for your state and vehicle, then shop around on-line. many independent indemnity agents will besides be able to pull multiple quotes for you. besides, consider what other indemnity options are available through the provider. many car indemnity companies will give propose discounts for bundling several kinds of policy together under the same supplier. Common types of policy products include :
- Car insurance
- Life insurance
- Health insurance
- Home insurance
- Umbrella insurance
- Renters insurance
- Travel insurance
- Pet insurance
On exceed of bundling, many car insurers offer several discounts you may be eligible for. park discounts include the good student discount, military deduction, dependable driver rebate, multi-car dismiss, and homeowner deduction. besides, remember that once you choose a car insurance provider, you don ’ t have to stay with that company forever. When your six-month or annual policy expires, that ’ s a great time to shop around again. car indemnity rates are always changing to help drivers get the best deal. Call our team or fill out the form below for release, personalize quotes.
FAQ: Largest Auto Insurance Companies
What are the 10 largest car policy companies ? According to the NAIC, policy companies with the largest grocery store partake in 2019 are : 1. State Farm 2. Geico 3. progressive 4. Allstate 5. USAA 6. Liberty common 7. Farmers 8. countrywide 9. american Family Insurance 10. Travelers What is the largest car insurance company in the United States ? state of matter farm is the largest car coverage provider in the U.S. with 16.14 percentage of the indemnity market plowshare, according to the NAIC. It has high ratings for fiscal military capability and above-average claims satisfaction.
In an attempt to provide accurate and indifferent data to consumers, our adept review team collects data from dozens of car indemnity providers to formulate rankings of the best insurers. Companies receive a score in each of the follow categories, american samoa well as an overall weighted score out of 5.0 stars.
- Industry Standing: Insurers with strong financial ratings and customer-first business practices receive the highest scores in this category.
- Availability: We consider availability by state as well as exclusions for specific groups of drivers.
- Coverage: This rating is based on types of insurance available, maximum coverage limits, and add-on policies.
- Cost and Discounts: Our research team reviews sample quotes for a variety of drivers in every state. Companies with lower prices and many car insurance discount opportunities receive the best scores.
- Customer Service: We comb through customer reviews and consumer feedback studies from experts like J.D. Power.
- Technology: Auto insurers with mobile apps, advanced online services and telematics are more likely to meet consumer needs.
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