USAA is the best insurance company in our rankings. The 10 largest insurance companies write 75% of all auto insurance policies. State Farm has the largest market share, with 16%. Although larger companies subscribe to a large number of policies, they vary in price, quality of service and many other features.
To help you choose the best insurance company for you, compare the list of the 10 largest auto insurance companies in the US and what makes each of them unique. For buyers looking for affordable rates, we always recommend comparing quotes from several insurers to find the best price. State Farm is a great auto insurance company for anyone who wants a local agent, a personalized experience, and cheaper than average rates. State Farm is the largest auto insurance company in the US and it has 16% of the total available market share.
More than 15% of the dollars spent on private car premiums for passengers in the country go to State Farm. The company currently employs about 60,000 employees and has nearly 19,000 agents. State Farm operates as a mutual insurance company, meaning that its policyholders own their policies. Among the largest and most widely available auto insurers on this list, State Farm offered the cheapest car insurance rates in most of the US.
Geico is one of the cheapest car insurance companies. It offers national availability and a simple shopping experience. Geico, known for its animated gecko ads, has been the insurer of more than 16 million auto policies, insuring more than 24 million vehicles. The size of the company allows it to employ more than 40,000 people in nine regional offices, three service centers and three claims centers.
Geico's original customer base consisted of the US military but today its customer base has expanded to include individuals from the private sector. Based on our research on the largest auto insurance companies, Geico is the best insurer for college students. Progressive offers especially competitive rates to drivers with previous accidents. However, claim satisfaction ratings and coverage options are average.
The company employs more than 35,000 people and has more than 400 offices. Progressive is a publicly traded company. Allstate generally has better-than-average claim satisfaction ratings but higher rates. However, the insurer offers a variety of discounts that can make policies more affordable for customers.
Founded in 1931, Allstate is the second-largest publicly traded property and casualty insurance company in the United States. Like State Farm, Allstate has a list of local agents ready to address your needs. The company currently employs more than 46,000 people. Esurance, a subsidiary of Allstate, operates in the same space.
According to Allstate, the Esurance brand targets self-directed, brand-sensitive customers while Allstate targets customers who want local, personalized service. USAA is one of the best auto insurers in the country. You'll enjoy extremely competitive rates, excellent customer service and quick responses to complaints from USAA. The only downside is that USAA membership is restricted to members of the US military or their families.
USAA is headquartered in San Antonio and its corporate campus extends three quarters of a mile long. USAA is also the largest privately-held company located in San Antonio due to its focus on US military personnel and their families. Farmers offers decent discounts, coverage options and great customer service but high Farmers' rates may be negative for some buyers. Farmers began as an insurance company that provided coverage for farmers' vehicles but since then it has evolved to become the seventh largest insurance company in the country and it's hard to find an insurance company that offers more products than Farmers does - car insurance, pet insurance and even investment products among other insurance products are all offered by Farmers which employs nearly 13,000 people and underwrites more than 19 million policies in all 50 states.
Liberty Mutual's rates vary more by location than those of a typical insurer and customers consider its claim satisfaction process to be below average. Liberty Mutual is one of the largest insurance companies in the US and it has existed for more than 100 years with a large international presence operating in 17 countries selling property and accident health and life insurance policies which can be obtained through its call center website local Liberty Mutual agent or broker or representatives from its network of regional subsidiaries - one thing to keep in mind about Liberty Mutual coverage is that it guarantees rates for one year. Nationwide has a motto called On Your Side which influences how auto insurance claims are handled and how policies and premiums are determined - it also recommends an annual checkup to ensure that policyholders understand their benefits and coverage as well as new discounts or changes to keep premiums affordable which Nationwide calls its review of On Your Side - among this list of largest auto insurance companies Nationwide offers the best deals for customers looking to combine their home and auto insurance policies. American Family was initially established to insure farmers but in 1930s it expanded its focus to include people who were not farmers - today it's one of the largest insurance companies in the US - Travelers is more than 160 years old making it one of oldest insurance companies operating today having issued its first car insurance policy back in 1897 before Ford Model T was invented - it has more than 30,000 employees and 13500 independent agents and brokers operating in several countries including US Canada and Brazil - one thing to keep in mind about Travelers is that it offers pricing program called IntelliDrive which determines your rates by evaluating your safe driving behavior with an application for smartphones - enrolling into IntelliDrive can reduce your annual insurance rates by up to 20% if you demonstrate good driving habits.
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