State Farm is the largest Auto Insurance company in the United Stated with 17% of the market. Other big car insurance companies include Geico, Progressive and Allstate.
The list of car insurers numbers in the hundreds. But about three-quarters of all policies come from the ten largest auto insurers, based on premiums paid.
Larger insurance companies give you stability, offer a variety of coverage options, and are widely available. By comparing quotes from several popular auto insurers, you can find the cheapest rates.
What are the largest car insurers companies?
State Farm is the nation's number one auto insurance company by market share. Progressive, Geico and Allstate are the next largest companies.
Of the major auto insurance companies in the United States, most names are known thanks to their national advertising campaigns.
1. State Farm
State Farm is a great auto insurance company for anyone who wants a local agent, a personalized experience, and affordable rates.
State Farm is the largest auto insurance company in the US and represents about 17% of the money people spend on personal auto insurance.
The company currently has approximately 58,000 employees and 19,000 agents. State Farm operates as a mutual insurance company, meaning it is owned by its customers.
State Farm is one of the largest auto insurance companies and offers the cheapest auto insurance rates in most of the US.
2. Geico
Geico is the cheapest car insurance company for drivers with bad credit. It has national availability and an easy purchasing experience.
Geico, known for its ads featuring an animated gecko, insures more than 30 million cars with 18 million policies. Due to its size, the company employs more than 40,000 people.
Geico began insuring US military and government personnel. Today, the insurance company sells insurance to all model of drivers.
Plus, Geico has the best car insurance for students.
3. Progressive
Progressive offers a variety of discounts and coverage options, and has affordable rates after a DUI. However, customers are not satisfied with the complaints procedure.
Progressive is the nation's second largest auto insurance company and was founded in 1937. You can get auto insurance in person, online, over the phone or through independent insurance agents.
The rates are generally high for an average driver. However, their discounts can make the policy affordable, and options like accident forgiveness can protect you from price increases.
The company has approximately 43,000 employees and offices spread across the country. Progressive is a publicly traded company.
4. Allstate
Allstate scores better than average in claims satisfaction. It's cheap for new drivers, but quotes for an average driver can be expensive.
Founded in 1931, Allstate is one of the largest publicly traded property and casualty insurance companies in the United States. Like State Farm, Allstate has local agents who sell policies. The company currently employs approximately 46,000 people.
Allstate stands out for its good customer service and features like eliminating deductibles. But home insurance is usually a better deal than car insurance.
Allstate also manages Esurance, a good option for those who want to manage their policy with an app.
5. USAA
USAA is one of the top auto insurers in the country because of its affordable rates and excellent customer service. But only military members and their families can feel like a policy.
USAA was founded in San Antonio in 1922 by 25 military officers who decided to insure each other's vehicles. Today, the company give insurance to millions of people associated with the U.S. military.
USAA coverage is only available if you served in the U.S. military, including current service members and veterans. Families of military personnel are also eligible if a spouse or parent ever had USAA insurance.
USAA is our top pick for the best, most affordable car insurance for veterans and military personnel.
6. Liberty Mutual
Liberty Mutual rates vary more by position than typical insurance company rates. Customers say the claims method is average.
Liberty Mutual is one of the largest insurance companies in the US and has been in business for more than 100 years. It also has a large international appearance, with operations in 29 countries. In addition to auto insurance, the company sells non-life, non-life and non-life insurance.
You can purchase Liberty Mutual auto insurance online, over the phone, or through a local Liberty Mutual agent or broker. Liberty Mutual also owns Safeco, a company with inexpensive rates but worse customer service.
7. Farmers
Farmers has good commission and coverage options, plus highly rated customer service. However, farmer compensation can be expensive.
Farmers started as an insurance company that provided lid for farmers' vehicles. Since then, it has grown into the seventh largest insurance company in the country.
It is difficult to search an insurance company that offers more products than farmers. It offers car insurance, domestic insurance and even investment products. Farmers employs nearly 21,000 people and underwrites more than 19 million policies in all 50 states.
8. Travelers
Travelers has a wide range of lid options and discounts. However, customers complain about a poor claims process after an accident.
Travelers has been in business for over 160 years, making it one of the oldest insurance companies in business today. Travelers published its first automobile insurance policy in 1897, before the Model T Ford was invented.
The company has more than 30,000 employees and 13,500 independent agents and brokers in the United States, United Kingdom, Canada and Ireland.
You may be able to get cheap rates on auto insurance if you qualify for some of Travelers' many discounts. You can save to drive safely, have an electric or hybrid car, pay on time and more.
9. American Family
American Family is a solid choice for car insurance. The company has decent rates, which can be affordable if you qualify for some of the discounts available.
American Family was basically founded to insure farmers' crops. In the 1930s, the company expanded and start offering insurance to non-farmers. Today it is one of the largest insurance companies in the US and especially popular in Midwestern states such as Wisconsin, Kansas and Minnesota.
American Family is known for its extensive discounts that can make rates even more affordable for customers. American Family operates in 44 states, although some states are only eligible for Connect by American Family.
10. Nationwide
Nationwide car insurance rates aren't the cheapest. But the company has some of the best rates on home and auto insurance packages.
Nationwide sells insurance and economic products in all 50 states. But auto insurance is not available in Alaska, Hawaii, Louisiana or Massachusetts.
Nationwide is one of the largest car insurers and offers one of the cheapest home and car insurance packages.
Nationwide offers standard coverage and discounts you would expect from a major insurance company. Plus, programs like SmartMiles and SmartRide give you discounts based on how you drive.
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