Top 10 Auto Insurance Companies in the U.S.
There are various factors to consider when it comes to finding top auto insurance companies. The largest businesses insure a significant number of policies, but they differ in terms of pricing, service quality, and various other factors.
The top auto insurance companies provide their customers with more than just the coverage they require at a fair price. They also offer a customer-focused experience from quotation to claim and a simple method to monitor policies and make payments.
This blog post will look at the top 10 auto insurance companies in the United States!
Our methodology:
We looked at the largest auto insurance companies in the United States by market share and compared them on three different dimensions:
- Discounts
- Customer service
- Pricing
- Levels of complaints the National Association of Insurance Commissioners
- Ratings for accident claims from auto body repair professionals.
Factors like website transparency and how simple it is to register a claim are included in our “ease of use” category. This ranking of the top vehicle insurance companies will likely change as we review additional insurance providers and gather new market data.
The Best Auto Insurance Companies
Here are the top auto insurance companies in the United States, according to our research:
American Family Insurance
American Family is one of the country’s largest car insurance providers, with significantly fewer auto insurance complaints than one might anticipate from a firm of its size. American Family also provides various additional insurance products, so if you appreciate the simplicity of combining policies, it might be the ideal fit for you.
American Family provides a conventional set of vehicle insurance coverage options as well as a few extras, such as;
- Gap insurance
- Accident forgivability insurance
- Coverage for accidental death and dismemberment
- Ridesharing insurance
State Farm
State Farm is the largest auto insurance provider in the United States, with a market share of nearly 17%.
State Farm’s size gives it an advantage in terms of discounts — the company offers more than 50 different auto insurance discounts.
Knowing what auto insurance coverage you want and what you’re obligated to acquire while looking for car insurance is essential. State Farm charges an average of $1,381 per year for a full coverage policy.
However, this is only true if you have excellent credit and a clean driving record free of accidents or other traffic offences. Your pricing will vary depending on your age, region, and other criteria.
According to three years of statistics from the National Association of Insurance Commissioners, State Farm received fewer complaints about vehicle insurance to state regulators than expected for its size.
Geico
GEICO is the second-largest car insurance company in the United States. The company insures more than 27 million vehicles and offers a variety of coverage options and discounts.
Geico’s first customers were government and military workers in the United States. Customers in the private sector have now joined the insurance company’s client base.
GEICO offers a wide range of insurance products, including;
- Rental car reimbursement
- Roadside assistance
- Personal injury protection
Geico offers mechanical breakdown coverage in addition to standard auto insurance options. Except for problems caused by wear and tear, this covers repairs to all mechanical elements of a new automobile less than 15 months old and less than 15,000 kilometres. A $250 deductible is required.
Progressive
Progressive is the third-largest auto insurance provider in the United States. Progressive Insurance has a long list of savings and coverage options, including ridesharing insurance and for pets wounded in car accidents.
Progressive charges an average of $1,739 per year for a full coverage policy. However, this only happens if you have excellent credit and a clean driving record free of accidents or other traffic offences.
Progressive offers a variety of auto insurance coverage options, as well as extras such as;
- Custom parts and equipment value
- Pet injury insurance
- Rideshare insurance
Allstate
Allstate is the fourth-largest auto insurance company in the United States. It provides vehicle, pet, and investment options, among other insurance products. Full coverage insurance may be of interest if you desire extra safety.
Full coverage is a combination of coverage kinds, like liability, collision, and comprehensive insurance, rather than a single policy type. Farmers charge an average of $1,745 per year for a full coverage policy.
Farmers
Farmers is the fifth-largest auto insurance company in the United States. The company offers a variety of insurance products, including vehicle insurance, pet insurance, and investment options.
Farmers charge an average of $98 per year for a full coverage policy. Farmers offer a wide range of insurance products, including;
- Liability insurance
- Collision insurance
- Comprehensive insurance
Travelers
Travelers is one of the most enduring auto insurance companies in the United States. It’s been in business since 1864 and has a long history of excellent customer service.
Travelers offer various auto insurance coverage options that are customizable to your needs. You can choose the level of coverage that’s right for you and add on extras like;
- Rental car reimbursement
USAA
USAA is only available to active and retired military personnel and their families. It’s the ninth-largest auto insurance company in the United States, insuring more than 13 million vehicles.
USAA charges an average of $885 per year for a full coverage policy. Since it focuses on the U.S. armed forces, USAA is the top pick for the best and cheapest car insurance for veterans or military service members.
Liberty Mutual
Liberty Mutual has been established for almost 100 years and is one of the major insurance firms in the United States. Only Liberty Mutual provides gap insurance and new car replacement coverage, which covers the cost of a new automobile if it is totaled during the first year and has less than 15,000 miles.
In some areas, Liberty Mutual offers teachers a unique feature: free motor insurance, including accident and personal property insurance, and vandalism loss protection. Liberty Mutual provides more discounts than other insurance companies.
NJM
J.D. Power’s customer satisfaction evaluations give New Jersey Manufacturers Insurance (NJM) good ratings. It is one of the less expensive insurance companies, too.
NJM offers all the regular auto coverages, optional coverages like new car replacement coverage for automobiles with fewer than 15,000 miles, and pet coverage, which covers vet fees if your pet is hurt in a covered car accident.
Conclusion
Knowing what auto insurance coverage you want and what you’re obligated to acquire while looking for car insurance is critical. To operate a car in most states, you must have auto insurance. Although state-by-state laws differ, liability insurance and uninsured or underinsured motorist coverage are often required.
Full coverage insurance may be of interest if you desire extra safety. Full coverage is a combination of coverage kinds, like liability, collision, and comprehensive insurance, rather than a single policy type.
