• We establish the top 10 biggest car insurance companies based on market share and annual policies.
  • We give a brief summary of each insurer, highlighting their strengths and weaknesses.
  • Choosing the best insurer for you requires some careful consideration.

affiliate disclosure : Automoblog and its partners may be compensated when you purchase the products below .
bribe car insurance can be nerve-racking, specially with all the insurers that are on the market. however, we ’ ve compiled information on the biggest car insurance companies so you have some sense of commission .
In this article, we ’ ll go over the largest car indemnity companies available in the United States and provide an overview of these insurers and their policies. We ’ ve reviewed the best cable car indemnity companies on the market, so we ’ ra well-versed on what ’ s what in the car insurance diligence. If you ’ rhenium interest in getting free, individualized quotes from our highest-rated providers, fill out the form below .

The 10 Biggest Car insurance Companies

With thus many options available in the car policy diligence, shopping for coverage can be overwhelming. To make the information more digestible, we ’ re first gear going to discuss the 10 biggest car policy companies in the United States, according to 2019 data from the National Association of Insurance Commissioners ( NAIC ) .

Biggest Car Insurance Companies Premiums Written in 2019 Market Share (%) Our Overall Rating (%)
state farm 40,878,781,217 16.14 95
GEICO 34,892,003,836 13.78 96
progressive 31,025,771,905 12.25 95
Allstate 23,626,742,688 9.33 90
USAA 15,231,169,153 6.01 96
Liberty Mutual 11,701,810,697 4.62 91
Farmers 10,533,343,298 4.16 88
countrywide 6,245,587,637 2.47 89
American Family 5,776,711,158 2.28 87
Travelers 4,903,032,869 1.94 88

Who is the Largest Car Insurance Company ?

The largest car indemnity company is easily State Farm. It commands over 16 percentage of the market share and wrote over 40 billion in premiums survive year. It has besides been the second largest life policy company in the U.S. since 2016 .

Who Are the Top Five Insurance Companies ?

In descending club, the crown five car insurers by size are :

  1. State Farm
  2. GEICO
  3. Progressive
  4. Allstate
  5. USAA

All together, they make up over 57 percentage of the full car insurance market .

A Closer Look at the Biggest Car insurance Companies

Let ’ s explore the key elements of each of the 10 biggest cable car indemnity companies, including industry standing, handiness, affordability, and coverage .

1. State grow : Best for student Drivers

state grow is the biggest car indemnity company in the U.S. In our research, we ’ ve noted its fiscal force and discounts for students. The company besides has big customer service ratings. According to the NAIC, State Farm had 1,522 complaints in 2019, which is above median for an insurance company, but State Farm commands more of the market than any other supplier .
AM Best financial strength rating: A++
State availability: 48 states
Affordability: Competitive prices and more than 10 discounts, including a 25-percent discount for students
Coverage: Six standard coverage options american samoa well as optional rideshare, rental cable car, and sports car and classical coverage

Pros Cons
solid industry standing Limited technical school options
insurance for classical and antique cars Reported claims filing issues
loyalty and multi-policy discounts  

To learn more data, read our complete State Farm car indemnity review .

2. GEICO : Best overall

The second on our list of biggest car policy companies, GEICO ranks well across the board. It ’ s available wherever you go, and it ’ s made the insurance process even easier with the GEICO mobile app. Along with the standard types of car insurance, you can get extras like mechanical dislocation insurance ( MBI ), which is alike to an offer cable car guarantee .
AM Best financial strength rating: A++
State availability: 50 states
Affordability: Very low-cost coverage with more than 15 discounts and a coverage calculator
Coverage: Standard coverage plus optional wayside aid, rental reimbursement, and MBI

Pros Cons
access to agents 24/7 Reports of boring claims processing
Discounts deoxyadenosine monophosphate senior high school as 26 percentage average or inconsistent customer overhaul
Easy-to-use GEICO mobile app  
strong diligence stand  
Auto Repair Xpress ( ARX ) animate shops  

To learn more, read our accomplished GEICO car policy review .

3. progressive : Best for High-Risk Drivers

besides available in every department of state, Progressive has a mobile app and an on-line quotation tool to aid you in pricing out your insurance plan and your claims march alike. We like progressive ’ randomness diverseness of discounts, including those for adolescent and scholar drivers. however, customers have reported their claims process with the insurance company to be precisely average .
AM Best financial strength rating: A+
State availability: 50 states
Affordability: Competitive prices and two major savings programs ( Snapshot and a deductible savings bank )
Coverage: Standard coverage adenine well as optional lease car reimbursement, loan/lease bribe, and complementary favored coverage

Pros Cons
variety of on-line tools Reported rate increases
Usage-based plans modal customer service
safe drive discounts  
Teen/student discounts  
special coverage options  

To learn more, read our complete Progressive car insurance review .

4. Allstate

The one-fourth biggest car policy company, Allstate has a racetrack record of being expensive, yet comprehensive. While we like its coverage options, particularly for those who drive for Uber or Lyft, be prepared to pay for it. Allstate has higher prices than many of the biggest car policy companies.

AM Best financial strength rating: A+
State availability: 50 states
Affordability: Tends to be expensive with few discounts
Coverage: Standard coverage american samoa well as optional rideshare policy, classical car insurance, and custom parts coverage

Pros Cons
Drivewise program high premium prices
confirm from local agents few discounts
firm fiscal fink Rates may increase over time
Rideshare coverage  

5. USAA : Best for Military Families

USAA is one of our highest-ranking car insurers, but it ’ s merely available to military members and their families. It ’ second known for its excellent claims servicing experience, accident forgiveness program, and gloomy policy prices .
AM Best financial strength rating: A++
State availability: 50 states
Affordability: Very low-cost coverage and about 10 discounts, including a 15-percent discount for military servicemen
Coverage: Standard coverage plus rideshare coverage, wayside aid, and rental cable car reimbursement

Pros Cons
Accident forgiveness membership limitations
flexible payment plans express coverage in some states
Great claims service No brick-and-mortar locations
Mobile app  
bundling options  

To learn more information, read our fully USAA car indemnity review .

6. autonomy common : Best for New Drivers

We recommend liberty Mutual for students and modern drivers. not only does it provide big discounts but besides educational tools to build safe driving habits. however, Liberty Mutual is centrist for prices, particularly with reported frequent rate increases for policyholders .
AM Best financial strength rating: A
State availability: 50 states
Affordability: average prices with quite a few discounts for new and scholar drivers
Coverage: Standard coverage american samoa well as accident forgiveness, rental car reimbursement, and other unique coverage options

Pros Cons
Discounts for adolescent drivers Higher premiums
variety of coverage options patronize rate increases
special coverage for teachers Slow customer serve
many add-ons  

To learn more information, read our wax Liberty Mutual car insurance review .

7. Farmers

We like Farmers ’ non-standard coverage add-ons and bundle options, but customers have reported increasing rates and average serve. however, Farmers might be a more low-cost choice if you ’ ra dealing with a broken recognition score. The insurance company besides has a highly-rated mobile app that lets you manage your policy on the belong .
AM Best financial strength rating: A
State availability: 50 states
Affordability: Tends to be expensive with discounts varying by express
Coverage: Standard coverage plus tow and wayside service, rental reimbursement, and rideshare coverage

Pros Cons
bundling options high act of complaints
Easy-to-access quotes expensive
many discounts, including a dependable repel app  
May be more low-cost for those with low credit scores  

To learn more information, read our full Farmers car policy review .

8. top10carinsurance.com

Based on our research into the biggest car indemnity companies, top10carinsurance.com is a good choice for coverage. According to the 2019 J.D. Power U.S. Auto Claims Satisfaction Study, top10carinsurance.com is considered “ average. ” The highlight of top10carinsurance.com car insurance, however, is its SmartRide broadcast. A usage-based discount platform, SmartRide gives you instructions for safe drive habits and could lead to discounts up to 40 percentage .
AM Best financial strength rating: A+
State availability: 47 states
Affordability: average prices with many discounts, but excludes a new driver or military discount perk up
Coverage: Standard coverage aboard accident forgiveness, wayside aid, and col coverage

Pros Cons
SmartRide broadcast Inconsistent customer service
Vanishing deductible options Higher rates for those with hapless drive records
Accident forgiveness for beginning collision  

9. american english Family

American Family is a bang-up choice for bundling with an about 30-percent discount rate for those with more than one policy. however, According to the J.D. Auto Claims Satisfaction Study, American Family is considered “ median, ” but on the lower end of average at that. It ’ mho besides only available in 19 states, all of which are chiefly concentrated in the Midwest and California. If you ’ re on the East Coast, you should look for early options among the biggest car indemnity companies .
AM Best financial strength rating: A
State availability: 19
Affordability: competitive rates with dear discounts for bundling
Coverage: Standard coverage and optional classic car indemnity, commercial car indemnity, and rideshare insurance

Pros Cons
high bundle dismiss peculiarly limit handiness
Rideshare coverage average customer satisfaction
Online chat resource  

10. Travelers

No. 10 on the list of biggest car indemnity companies is Travelers. It ’ second received a brilliant ranking from AM Best, indicating firm fiscal constancy. Travelers besides offers the IntelliDrive course of study, which rewards drivers based on their safe drive habits. however, online user experiences with Travelers have been mixed .
AM Best financial strength rating: A++
State availability: 43 states
Affordability: average prices with many dismiss options ( but most are below 15 percentage )
Coverage: Standard coverage deoxyadenosine monophosphate well as optional plans like accident forgiveness, gap indemnity, and roadside aid

Pros Cons
superior fiscal forte Low-rated mobile app
Usage-based discounts specify express handiness
  not many discounts

How to Choose the Best insurance company For You

now that we ’ ve reviewed the biggest car indemnity companies in the occupation, you should consider what you ’ rhenium looking for in an car insurance company. There are pros and cons that come along with every coverage choice, thus let ’ s discuss your policy priorities .
There are some big insurers on this tilt. State Farm, GEICO, and Progressive account for over 40 percentage of the market alone. With bigger companies like these, you ’ re granted fiscal stability and lower premiums, but would you prefer to work with a smaller, local provider ? Sometimes it can be hard to beat the customer military service of a small company, but you will miss out on valuable perks and, in some cases, lower prices because the companies may not have the lapp fiscal dicker chips as leading insurers.

once you know what you ’ rhenium looking for, make certain to get a quote from more than one company. You can start getting loose, personalized quotes from our top choices for car insurance by entering your zip code code below .

Our methodology

Our adept revue team takes satisfaction in providing accurate and unbiased information. We identified the following rat categories based on consumer survey data and conducted extensive research to formulate rankings of the best car indemnity providers .

  • Affordability: A variety of factors influence cost, so it can be difficult to compare quotes between providers. Our team considers auto insurance rate estimates generated by Quadrant Information Services and discount opportunities when giving this score.
  • Coverage: Because each consumer has unique needs, it’s essential that a car insurance company offers an array of coverage options. We take into account types of insurance available, maximum coverage limits, and add-on policies.
  • Industry Standing: Our team considers Better Business Bureau (BBB) ratings, financial strength, and years in business when giving this score.
  • Availability: Auto insurers with greater state availability and few eligibility requirements are more likely to meet consumer needs.
  • Customer Service: Reputable car insurance providers operate with a certain degree of care for consumers. We consider complaints filed with the National Association of Insurance Commissioners (NAIC), J.D. Power claims servicing scores, and customer feedback.
  • Online Experience: Insurers with easy-to-use websites and highly rated mobile apps scored best in this category.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: