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.
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
- 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
- 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
- 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
- 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
- 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
- market share: 3.98%
- wallehub editor rating: 2.8/5 stars
- j.d. rated power: 4.1/5 stars
- Premiums written in 2020: $9.9 billion
- served states: all states except ak and hi
- market share: 2.32%
- wallehub editor rating: 2.9/5 stars
- j.d. rated power: 4.1/5 stars
- Premiums written in 2020: $5.8 billion
- states served: all states except la, ma, ak, and hi
- market share: 2.07%
- wallehub editor rating: 2.8/5 stars
- j.d. rated power: 4.1/5 stars
- Premiums written in 2020: $5.2 billion
- states served: az, co, ga, ia, id, il, in, ks, mn, mo, nd, ne, nv, oh, or, sd, wa, wi
- market share: 1.96%
- wallehub editor rating: 3.8/5 stars
- j.d. rated power: 4.1/5 stars
- Premiums written in 2020: $4.9 billion
- states served: states served: all 50 states and 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.
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.
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.
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.
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.
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.
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.
nationwide has earned strong ratings from both naic and better business bureau, making it a reliable and stable company. Not only does it offer a wide variety of insurance options nationwide in addition to auto coverage, but the company has a relatively simple claims process and an online portal that makes it easy for customers to manage their policies.
Although nationally it is one of the largest insurers in the United States, it does not write policies in Alaska, Hawaii, Louisiana or Massachusetts. For more information, check out Wallethub’s Nationwide Insurance Review.
american family only sells policies in 18 states, while several of its largest competitors write policies nationwide. but where available, american family is a good option for customers looking for a wide range of discounts and a simple claim process.
for more information, check out wallethub’s american family insurance review.
Although Travelers has a lower market share than some of its competitors, the company still offers a variety of special insurance options and various discounts for customers to take advantage of. plus, travelers have an easy-to-navigate customer portal and a simple online claims process.
When it comes to customer service, travelers have fewer complaints relative to its size, according to naic ratings. For more information, check out the wallethub traveler insurance review.
largest auto insurance companies by state
*rankings are based on state market share for private passenger car insurance premiums.
comparison of the top 10 auto insurance companies
It’s important to consider things like customer satisfaction and financial stability when comparing the top 10 auto insurance companies. JD Power publishes a study each year that highlights how happy consumers are with their insurance company: those with higher scores have better customer satisfaction. When it comes to financial stability, am ranks companies best on their ability to pay claims: lower scores mean the company doesn’t have the best credit rating and may be less reliable in paying claims to its customers.
Our editor rating takes both metrics into account, but also includes things like discounts offered by the company, types of insurance available, and total cost.
tips to find the best insurance company for you
1. look for coverage
As a general rule, you should get quotes from at least three different insurers before you buy a policy. Shopping around is the best way to make sure you find the best coverage deal, and you should include a mix of national and regional insurers in your search.
2. consider your individual needs
Some insurance companies offer more benefits and coverage options than others, so it’s important to make sure an insurer has all the features you need before you sign up. For example, if you’re concerned about the reliability of your vehicle, you might choose an insurer that offers auto repair insurance or roadside assistance coverage as a policy add-on in the event of a sudden breakdown.
3. take discounts into account
Most major insurance companies offer a wide variety of discounts to help you save on your premium. So even if an insurer doesn’t offer the lowest base rate, its discounts may make it the best option for you.
Some discounts, such as multi-vehicle and multi-policy discounts, are often included in quotes automatically. but you should see what additional discounts you may qualify for in the future. for example, most major insurance companies offer a defensive driver discount for policyholders who complete an approved course.
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