While the largest businesses ensure a significant number of policies, they differ in terms of pricing, service quality, and a variety of other factors. Compare the ten largest auto insurance companies in the United States and what makes each of them distinct to help you select the best insurance provider for you.
- State Farm
State Farm is the largest vehicle insurance provider in the United States, with a 16 percent market share. State Farm receives almost 15% of all private passenger vehicle premium payments in the United States.
- GEICO
Geico, which is best known for its ads featuring an animated gecko, has underwritten more than 16 million auto insurance, covering more than 24 million automobiles. Because of its scale, the corporation may employ over 40,000 individuals in nine regional offices, three service centers, and three claims centers.
- Progressive
Progressive, the country’s third-largest insurance firm, was founded in 1937. The organization allows customers to purchase vehicle insurance in person, online, or over the phone. Customers can also enroll through independent insurance agents.
- Allstate
Allstate is the second-largest publicly-listed property and casualty insurance business in the United States, having been founded in 1931. Allstate, like State Farm, offers a network of local agents ready to assist you. Currently, the corporation employs around 46,000 employees.
- USAA
In 1922, USAA was created by a group of 25 Army officers who agreed to insure each other’s automobiles. Today, the firm serves millions of people who are connected to the military in the United States, including current and past service members, their families, and cadets or midshipmen.
- Farmers
Farmers originated as an insurance firm that covered the automobiles of farmers. Since then, it has grown to become the country’s seventh-largest insurance firm.
- Liberty Mutual
Liberty Mutual has been established for almost 100 years and is one of the major insurance firms in the United States. With activities in 17 countries, it has a strong international footprint. Property and casualty, health, and life insurance plans are all sold by the firm.
- Nationwide
In all 50 states, Nationwide provides financial services, commercial lines, and personal lines. Since 2000, the corporation has donated more than $430 million to charitable causes. “On Your Side” is a Nationwide tagline that impacts how vehicle insurance claims are handled, as well as how policies and rates are calculated.
- American Family
American Family was founded in order to provide insurance to farmers. The firm grew in the 1930s, and it began to insure non-farmers as well. Today, the corporation is one of the largest insurance companies in the United States, as well as the leading insurer in Wisconsin by market share.
- Travelers
Travelers have been in business for 160 years, making it one of the oldest insurance firms in the world. In fact, before the Ford Model T was developed, Travelers issued its first auto insurance coverage in 1897.
In numerous countries, including the United States, Canada, and Brazil, the corporation employs over 30,000 people and has 13,500 independent agents and brokers.
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