The auto insurance companies in USA is dominated by Allstate, Geico, Progressive, and State Farm which come to the mind whenever anyone mentions auto insurance companies. However, these four companies make up over half of the personal auto insurance market in the U.S.
To help you choose the best insurance company for your situation, we created a list of the top ten largest auto insurance companies in the U.S. and discuss what makes each of them unique.
Top 10 auto insurance companies in USA by market share
|Rank||Auto Insurance Company||Premiums Written ($bn)||Market Share|
Source: National Association of Insurance Commissioners
- State Farm
State Farm is the largest auto insurance company in the U.S. and possesses 18% of the total available market share. The company currently employs approximately 70,000 employees and has nearly 19,000 agents. In accordance with its large market share, State Farm’s latest annual report shows a net gain of over $1.7 billion.State Farm offers many other types of policies, including renters, business, home, boat, off-road vehicle, and commercial auto insurance. In some cases, discounts are available for drivers who buy more than one type of policy.
Geico primarily sells auto insurance directly to customers online or by phone, but agents are available in some states. You can buy and manage policies through Geico’s website or mobile app, and voice assistance is available through the app or via Amazon’s Alexa. Policies are available in all 50 states and Washington, D.C.
We consider GEICO to be one of the best auto insurance companies. GEICO offers low rates, national availability and an easy shopping experience. If you’ve had a prior accident, however, you’ll likely receive unfavorable rates from GEICO.
Progressive—the third biggest insurance company in the country—was established in 1937. Prices vary depending on how you buy. You can manage your policy with a mobile app and get help from a digital voice assistant through Google Home. Prices vary depending on how you buy. You can manage your policy with a mobile app and get help from a digital voice assistant through Google Home.
Allstate sells auto insurance and a wide range of other products through agents in all 50 states and Washington, D.C. You can find an agent or get a quote on Allstate’s website; the company’s mobile app lets you manage your coverage, pay your bill and check on claims.
Discounts are available if you bundle your auto insurance with some of Allstate’s other policies. Coverage is available for homeowners, renters, landlords, boats, businesses and more.
6. Liberty Mutual
Liberty Mutual is one of the top insurance companies in the U.S. and has been around for over 100 years.
Liberty Mutual sells insurance in all 50 states and Washington, D.C., offering quotes online and through Amazon’s Alexa virtual assistant
It’s hard to find an insurance company that offers more products than Farmers. It offers basic auto insurance, pet insurance, and even investment products among a variety of other insurance products.
Discounts are offered in some cases for bundling auto insurance with other types of coverage. In addition to auto insurance, Farmers sells umbrella, life, homeowners, renters, landlord, business, motorcycle, and other insurance.
Despite Nationwide not being the most affordable insurance company, its customer reviews tend to be positive. The company offers customers the standard coverage and discounts that you’d expect from a large national insurance company. You can manage your policy through the company’s website or its mobile app, where you can also start claims or call for roadside assistance.
Travelers is more than 160 years old, making it one of the oldest insurance companies operating today. In fact, Travelers issued its first auto insurance policy in 1897, before the Ford Model-T was invented. Travelers also sell umbrella policies and insurance for homes, condos, boats, renters, landlords, businesses, weddings and jewelry. In some cases, discounts are available if you buy more than one type of coverage from Travelers.
10. American Family
American Family ranks as the 10th largest auto insurance company in the nation even though it offers policies in fewer than half of U.S. states. it was established with the initial goal of ensuring farmers. In the 1930s, the company expanded and began to focus on ensuring non-farmers as well.