In this post I will tell you about the largest auto insurance companies in the US, Although the largest companies write a large number of policies, they vary based on price, quality of service and many other features. To help you choose the best insurance company for you, I’ve listed some of the largest auto insurance companies in the US (United States) and compared what makes each one unique.
What are the largest auto insurance companies in the US?
State Farm is the nation’s top auto insurance company by market share and premiums written, followed by Geico, Progressive and Allstate. When looking at the rankings of the top auto insurance companies in the United States, most of the names are recognizable because of their national television advertising campaigns.
Largest auto insurance company
How does your auto insurance company rank in terms of size? Follow the chart below to see how the largest insurers compare with market share for private passenger auto insurance.
|Rank||Company name||Market share percentage|
Largest auto insurance companies : 1 State Farm
State Farm Insurance is a large group of mutual insurance companies across the United States with corporate headquarters in Bloomington, Illinois.
State Farm is a great auto insurance company for those who want a local agent, a personalized experience, and cheaper than average rates.
State Farm is the largest auto insurance company in the United States and owns 16% of the total available market share. More than 15% of the dollars spent on private passenger auto premiums in the country go to State Farm.
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The company currently employs around 60,000 employees and has around 19,000 agents. State Farm operates as a mutual insurance company, that’s meaning its policyholders own it.
Among the largest widely available car insurers on this list, State Farm offers the cheapest car insurance rates in most of the United States. ( Largest auto insurance companies in the US)
Largest auto insurance companies : 2 Geico
Geico is one of the lowest cost auto insurance companies. It offers national availability and an easy shopping experience.heapest auto insurance companies. It offers national availability and an easy shopping experience.
Geico, known for its commercials featuring an animated gecko, has acted as an underwriter on more than 16 million auto policies, insuring more than 24 million vehicles. The company’s size allows it to employ more than 40,000 people in nine regional offices, three service centers and three claims centers.
Geico’s core customer base consists of US government employees and military personnel. Today, the customer base of insurance companies has expanded to include people in the private sector.
According to our study of the largest auto insurance carriers, Geico is the best insurer for college students. ( Largest auto insurance companies in the US)
Largest auto insurance companies : 3 Progressive
Progressive offers particularly competitive rates for drivers with past accidents. However, the claim satisfaction rating and coverage options are average.
Progressive the country’ – was founded in 1937 third largest insurance company . The company offers the ability to purchase auto insurance in person, online or over the phone. Alternatively, customers can sign up through an independent insurance agent.
The company employs over 35k people and has over 4 hundred offices. Progressive is a publicly traded company. ( Largest auto insurance companies in the US)
Largest auto insurance companies : 4 Allstate
Allstate generally has better than average claims satisfaction ratings, but has high rates. However, insurers offer various discounts that can make policies more affordable for customers.
Founded in 1931, casualty insurance company in the United States Allstate is the second largest publicly traded property and . example , State Farm, Allstate has a list of local agents ready to serve your needs. The company currently employs more than 46 thousand people.
Allstate’s subsidiary Assured operates in the same location. According to Allstate, the Assurance brand targets self-directed and brand-sensitive consumers, while Allstate is geared toward consumers who want local and personalized service. ( Largest auto insurance companies in the US)
Largest auto insurance companies : 5 USAA
USAA is one of the nation’s top auto insurers. You’ll enjoy highly competitive rates, great customer service and fast claims response from USAA. The only downside to this insurance company is USAA’s limited membership.
USAA was founded in 1922 by 25 army officers who decided to insure each other’s cars. Now, the company serves millions of members of the U.S. Army, including current and former service members, families of service members, and cadets or midshipmen.
USAA is headquartered in San Antonio. The corporate campus spans three-quarters of a mile in length. USAA is the largest private corporation based in San Antonio.
Because of its focus on the US Army, USAA is our top pick for the best and lowest cost car insurance for veterans and military service members. ( Largest auto insurance companies in the US)
Largest auto insurance companies : 6 Farmers
Farmers offers decent discounts, coverage options and great customer service. By the way, farmers expensive prices can help it for some buyers.
Farmers as an insurance company provides car coverage to Farmers. It has since become the seventh largest insurance company in the country.
It is difficult to find an insurance company that provides more products than farmers. It is one of the leading auto insurance companies, pet insurance and even offers investment products among other insurance products. Farmers employs nearly 13,000 people, underwriting more than 19 million policies in all 50 states.
Offers easy discounts, great customer service and coverage options for farmers. By the way, expensive prices for farmers can help it for some buyers.
Farmers as an insurance company provides car coverage to farmers. It has since become the seventh largest insurance company in the country.
It is difficult to find an insurance company that provides more products than farmers. It is one of the leading auto insurance companies, pet insurance and even offers investment products among other insurance products. Farmers employs nearly 13,000 people, underwriting more than 19 million policies in all 50 states. ( Largest auto insurance companies in the US)
Largest auto insurance companies : 7 Liberty Mutual
Liberty Mutual‘s rates vary by location compared to general insurers, and users rank the company’s claims satisfaction process below average.
Largest auto insurance companies : 8 Nationwide
Below the national average for affordability, and its customer reviews tend to lean good. Offers the discounts you’d expect from a major national insurer and nationwide standard coverage.
Largest auto insurance companies : 9 American Family
American families have a tough choice for auto insurance. The company offers decent rates, which can be great when policyholders take advantage of its many discounts.
Largest auto insurance companies : 10 Travelers
A good insurance company for travelers auto insurance coverage with moderate complaint ratings and a variety of discounts.
How to Compare the Right Insurance for You
As with all major auto insurance companies, it’s still important to choose the best company for your unique situation. We always recommend comparing quotes from multiple insurance companies to find the cheapest rates that best suit your personal driver profile and history.
The type of auto insurance policy you choose — whether it’s minimum or full coverage — will affect your bid, so it helps to have a general idea of what coverage you want before you get it.
Minimum-coverage car insurance is determined by your state’s minimum auto insurance requirements. Full-coverage car insurance adds comprehensive and collision coverage to your policy to protect your vehicle from physical damage.
We generally recommend that all drivers consider full-coverage car insurance, especially if your car costs more than $3,000.
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