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What are the top 10 car insurance companies

The top 10 auto insurance companies include State Farm, Geico, Progressive and seven other well-known brands, according to data from the National Association of Insurance Commissioners. Together, the top 10 companies account for more than 70% of the market for personal auto insurance policies.

10 largest car insurance companies

The top 10 auto insurance companies have remained roughly the same over the past decade, with State Farm consistently holding the largest market share. Below is an overview of each of the top 10 auto insurance companies, including their market share, coverage options, and customer service history.

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top 10 car insurance companies

state farm is the number one auto insurer in the united states, with a 16% market share. The company sells policies online and through agents nationwide, and coverage is currently available in all states except Massachusetts and Rhode Island.

In addition to auto insurance, State Farm offers motorcycle, boat, RV and homeowners insurance. For more information, see WalletHub’s State Farm Insurance review.

  • market share: 16.19%
  • wallehub editor rating: 3.4/5 stars
  • j.d. rated power: 4.2/5 stars
  • premiums written in 2020: $40.4 billion
  • states served: 48 states and the district of columbia
  • geico has more than 17 million active auto policies, insuring more than 28 million vehicles nationwide as of 2021. in addition to private auto insurance, geico also offers coverage for boats, motorcycles and all-terrain vehicles . customers have the option of purchasing their policy with the assistance of an agent or directly online.

    geico insurance has several benefits for members, including 24-hour customer service. For more information, check out Wallethub’s Geico Insurance review.

    • market share: 13.54%
    • wallehub editor rating: 4.5/5 stars
    • j.d. rated power: 4.2/5 stars
    • premiums written in 2020: 33.9 billion dollars
    • states served: all 50 states and the district of columbia
    • progressive offers a wide variety of coverage types and discounts that make it a popular choice, and the company now covers more than 18 million customers nationwide. Drivers have the option of purchasing their coverage online, over the phone, or through an agent, and the company’s online portal makes managing a policy relatively simple.

      in addition, progressive has an a+ rating from the better business bureau, which considers factors such as the company’s transparency and customer complaints. For more information, check out Wallethub’s Progressive Insurance Review.

      • market share: 13.3%
      • wallehub editor rating: 4.3/5 stars
      • j.d. rated power: 4.1/5 stars
      • premiums written in 2020: 33.3 billion dollars
      • states served: all 50 states and the district of columbia
      • Allstate wrote nearly $26 billion in direct premiums for auto insurance customers in 2020. The company has a nationwide network of agents that make it easy for customers to shop for coverage, manage their policy, and file a claim. In addition to auto insurance, Allstate also offers homeowners, renters, and motorcycle policies.

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        however, allstate is rated below the naic average, meaning they have received more customer complaints than other insurers of comparable size. For more information, check out Wallethub’s Allstate Insurance Review.

        • market share: 10.4%
        • wallehub editor rating: 3.2/5 stars
        • j.d. rated power: 4.1/5 stars
        • premiums written in 2020: $25.9 billion
        • states served: all 50 states and the district of columbia
        • usaa’s share of the auto insurance market is impressive given that it only sells policies to military service members, veterans and their families. Despite its limited customer base, USAA offers some of the best prices for eligible customers, as well as a wide range of discounts that allow some policyholders to save even more.

          However, wallethub’s review found problems with usaa’s customer service, and the company only has a b+ rating from the bureau of better business. For more information, check out the usa insurance review. uu. from wallethub.

          • market share: 6.32%
          • wallehub editor rating: 3.3/5 stars
          • j.d. rated power: 4.5/5 stars
          • Premiums written in 2020: $15.8 billion
          • states served: all 50 states and the district of columbia
          • liberty mutual wrote nearly $12 billion in direct auto insurance premiums for customers in 2020 alone, covering everything from personal vehicles and motorcycles to ATVs and classic cars. The company has also established a strong reputation for the other types of coverage it offers, including home, business, and accident.

            Although liberty mutual’s naic customer complaint rating is higher than average, the company received an a+ rating from better business bureau, indicating its overall trustworthiness. For more information, check out Wallethub’s Liberty Mutual Insurance review.

            • market share: 4.75%
            • wallehub editor rating: 3.3/5 stars
            • j.d. rated power: 4.1/5 stars
            • Premiums written in 2020: $11.8 billion
            • states served: all 50 states and the district of columbia
            • Farmers wrote nearly $10 billion in private auto insurance premiums in every state in 2020. The company offers a wide range of resources for customers, including an easy-to-use mobile app and a nationwide network of nearly 50,000 agents. . In addition to auto insurance, Farmers sells other types of coverage, such as life, business, and general insurance.

              for more information, check out wallethub’s farmer insurance review.

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