While the largest companies write a large number of policies, they differ on price, quality of service, and many other features. To help you choose the best insurance company for you, Compare this list of the 5 largest auto insurance companies in the U.S. and what makes each of them unique.
Which are the biggest auto insurance companies?
State Farm is the nation’s number one auto insurance company in terms of market share and written premium, followed by Geico, Progressive and Allstate. Looking at the rankings of the top auto insurance companies in the United States, most names are recognizable because of their national television advertising campaigns.
1. State Farm
state Farm
get a quote
State Farm is a great auto insurance company for anyone who wants a local agent, a personalized experience, and above-average rates.
2. Geico
Geico
get a quote
Geico is one of the cheapest auto insurance companies. It offers national availability and a smooth shopping experience.
Average annual premium: $1,917
Market share: 14%
Written Premium: $33.9 billion
Value penguin Rating: 4/5
JD Power Customer Satisfaction Score: 881
Read our full Geico review
Geico, known for commercials featuring an animated gecko, has served as an underwriter for over 16 million auto policies, insuring more than 24 million vehicles. The size of the company allows it to employ over 40,000 people in nine regional offices, three service centers and three claim centers.
Jio’s core customer base includes the US Government employees and military personnel were included. Today, the customer base of the insurance company has expanded to include those in the private sector.
Geico is the best insurer for college students, according to our research of the largest auto insurance carriers.
3. Progressive
progressive
get a quote
Progressive offers particularly competitive rates for drivers with previous accidents. However, the claims satisfaction rating and coverage options are average.
Average annual premium: $2,036
Market Share: 13%
Written Premium: $33.2 billion
Valuepenguin Rating: 3/5
JD Power Customer Satisfaction Score: 862
Read our full Progressive review
Progressive – the country’s third largest insurance company – was founded in 1937. The company offers the ability to purchase auto insurance in person, online or by phone. Alternatively, customers can sign up through independent insurance agents.
The company employs over 35,000 people and has over 400 offices. Progressive is a publicly traded company.
4. Allstate
allstate
get a quote
Allstate generally has better than average claims satisfaction ratings, but higher rates. However, the insurer offers a variety of discounts that can make policies more affordable for the customers.
The company currently employs approximately 60,000 employees and has approximately 19,000 agents. State Farm operates as a mutual insurance company, which means that it is owned by its policyholders.
Among the largest car insurers widely available on this list, State Farm has taken over most of the U.S. Offering the cheapest car insurance rates in India.
5. USAA
USAA
get a quote
USAA is one of the best auto insurance companies in the country. You’ll enjoy highly competitive rates, great customer service, and prompt claims responses from USAA. The only downside is USAA’s restricted membership.
Average annual premium: $1,170
Market Share: 6%
Written Premium: $15.8 billion
Valuepenguin Rating: 4.5/5
JD Power Customer Satisfaction Score: 909
Read our full USAA review
USAA was founded by 25 Army officers who decided to insure each other’s vehicles in 1922. Today, the company serves millions of members of the US military, including current and former service members, service members, and families of cadets or midshipmen.
USAA is headquartered in San Antonio. The length of the corporate campus extends for three-quarters of a mile. USAA is the largest private company based in San Antonio.
Because of its focus on the US Armed Forces, USAA is our top choice for the best and cheapest car insurance for veterans and military service members.
admin