To help you in choosing the best insurance company for your vehicle, we compiled a list of the ten most comprehensive car insurance companies in the U.S. and explained what makes them different.
When looking for auto insurance, your first action may be to know what factors matter most to you in a company, like digital tools, J.D. Power ratings, or specialty coverages. From there, you can make a list of car insurance companies that meet your requirements. Getting quotes from various providers could help you find the company that offers the right coverage for you at the right price.
How to choose the Right auto insurance company?
When looking for car insurance, you may need to follow a few steps to find the best coverage for the best price.
- Look around: Get quotes from different insurers, which will let you compare coverages, discounts, optional coverages, and prices.
- Analyze discounts: Most insurance carriers give discounts that you can qualify for to get additional savings. Ask potential insurers which ones might help you save on your premium.
- Estimate your coverage requirements: Depending on your budget or financial purposes, vehicle value, whether you have a financed vehicle, and other personal rating factors, your coverage choices may differ in type and limit.
- Bundle your policies: Most carriers that write several lines of insurance give discounts to policyholders that buy more than one policy type with them.
- Analyze financial strength ratings: You can check an insurer’s financial strength rating with companies like AM Best, Moody’s, and Standard & Poor’s. A low rating could indicate that a company may not pay out claims if it is inundated with a large amount.
- Analyze customer service reviews: Companies like J.D. Power publish studies that rank insurance companies based on customer service satisfaction, claims service satisfaction, and overall customer experience.
Finding the right car insurance provider can take some time, but it can be worth the effort to find the provider that best meets your needs.
10 biggest car insurance companies Right Now in USA
Although thousands of auto insurance companies operate in the United States, only some of the largest car insurance companies dominate the market.
State Farm is a comprehensive auto insurance company for anyone who wants a local agent, a personalized experience, and cheaper-than-average rates.
- Headquarters: Bloomington, Illinois
- Market share percentage: 16.19%
- Average annual full coverage rate: $1,457
- Average annual min coverage rate: $539
- Bankrate Score: 4.4
State Farm is the largest insurer of personal autos in the United States. The insurer offers insurance, banking products, and loans available through your State Farm agents. If you are in the market for insurance and banking services, State Farm is worth consideration.
State Farm’s overall customer satisfaction ratings from J.D. Power are mostly average. However, the company did earn an above-industry-average score for claims service. This indicates that customers are often satisfied with how State Farm handles claims in a loss.
State Farm has 19,000 independent contractor agents and 58,000 employees, making it easy to find help with your policy in your area.
We consider Geico to be one of the best auto insurance companies. Geico offers low rates, national availability, and an easy shopping experience.
- Headquarters: Chevy Chase, Maryland
- Market share percentage: 13.54%
- Average annual full coverage rate: $1,405
- Average annual min coverage rate: $433
- Bankrate Score: 4.6
Geico, well known for its advertisements featuring an animated gecko, has served as an underwriter to more than 16 million auto policies, which insure more than 24 million vehicles. Its size allows it to employ more than 40,000 people across nine regional offices, three service centers, and three claims centers.
Geico’s original customer base consisted of U.S. government employees and military personnel. Today, the insurance company’s customer base has expanded to include people in the private sector.
According to our research of the largest auto insurance carriers, Geico is the best insurer for college students.
Geico’s app makes it easy to view your policy, get quotes, and file claims from wherever you are
Progressive offers incredibly competitive rates to drivers with previous accidents. However, claims satisfaction ratings and coverage options are average.
- Headquarters: Mayfield Village, Ohio
- Market share percentage: 13.30%
- Average annual full coverage rate: $1,509
- Average annual min coverage rate: $582
- Bankrate Score: 4.1
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 more than 35,000 people and has over 400 offices. Progressive is a publicly-traded company.
Progressive offers both standard and nonstandard car insurance. If you have accidents, tickets, or DUI convictions and find it difficult to find car insurance, Progressive may be able to help.
Allstate typically 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 customers.
- Headquarters: Northbrook, Illinois
- Market share percentage: 9.11%
- Average annual full coverage rate: $1,921
- Average annual min coverage rate: $696
- Bankrate Score: 3.6
Established in 1931, Allstate is the second-largest publicly traded property and casualty insurance company in America. Similar to State Farm, Allstate has a roster of local agents ready to serve your needs. The company currently employs more than 46,000 people.
Esurance, a subsidiary of Allstate, operates in the same space. Allstate’s Esurance brand targets self-directed and brand-sensitive customers, while Allstate is geared towards customers who enjoy local and personal service.
Allstate is our pick for the best customer service in this list of the most outstanding car insurance companies.
Allstate’s usage-based Drivewise program gives you around a 40% discount if you maintain good driving habits. Drivewise participants can also earn rewards points to redeem for car rentals, magazine subscriptions, gift cards, and merchandise.
USAA is one of the best auto insurers in the country. You’ll enjoy highly competitive rates, excellent customer service, and speedy claims responses if you meet their qualification criteria. The only downside is USAA’s restricted membership.
- Headquarters: San Antonio, Texas
- Market share percentage: 6.32%
- Average annual full coverage rate: $1,225
- Average annual min coverage rate: $384
- Bankrate Score: 4.8
USAA was founded by 25 Army officers who decided to insure each other’s vehicles in 1922. Today, the company serves millions of members associated with the U.S. military, including current and former service members, a family of service members, and cadets or midshipmen.
USAA is headquartered in San Antonio. The corporate campus’ length extends three-quarters of a mile. USAA is the largest private company located in San Antonio.
Because of its focus on the U.S. armed forces, USAA is our top pick for the best and cheapest car insurance for veterans and military service members.
For military members who are used, USAA offers vehicle storage options and convenient payment schedules.
Liberty Mutual’s rates vary by location more than the typical insurer, and customers rank the company’s claims satisfaction process below average.
- Headquarters: Boston, Massachusetts
- Market share percentage: 4.75%
- Bankrate Score: 3.9
Liberty Mutual is one of the largest insurance companies in the U.S. and has been around for over 100 years, including a significant international presence in 17 countries. The international company sells property and casualty, health, and life insurance policies.
Liberty Mutual’s auto insurance offerings can be accessed via its call center, website, a local Liberty Mutual agent or broker, or representatives from its network of regional subsidiaries. One thing to note about Liberty Mutual’s coverage is that rates are guaranteed for a year.
Liberty Mutual’s Better Car Replacement program will replace your totaled vehicle with a year newer model with up to 15,000 fewer miles than your old car.
Farmers Insurance Group
Farmers offer decent discounts, coverage options, and excellent customer service. However, Farmers’ non-competitive rates may be cost-prohibitive for some shoppers.
- Headquarters: Los Angeles, California
- Market share percentage: 3.98%
- Average annual full coverage rate: $2,000
- Average annual min coverage rate: $808
- Bankrate Score: 3.8
As the seventh-largest auto insurer in the U.S., Farmers offers robust insurance policies with a long list of unique features. For example, you can purchase ridesharing coverage if you drive for a company like Uber or Lyft. You may also purchase OEM coverage, which will source original manufacturer parts for your vehicle if it is damaged. Farmers received an above-average ranking for claims satisfaction from J.D. Power.
The Farmers Insurance Group recently purchased MetLife Auto & Home. Drivers currently insured with MetLife may begin to see changes to the branding on their policies, and different coverage options or discounts may become available as the company merges.
If you have recently purchased a new car, you may want to consider Farmers’ New Car Replacement Coverage. This optional coverage is designed to replace your totaled vehicle with a brand new model, as long as your vehicle is less than two years old and has fewer than 24,000 miles.
Nationwide is below average for affordability, and its customer reviews tend to veer negative. Nationwide offers standard coverages and discounts you’d expect from a large national insurer.
- Headquarters: Columbus, Ohio
- Market share percentage: 2.32%
- Average annual full coverage rate: $1,485
- Average annual min coverage rate: $501
- Bankrate Score: 4.3
Nationwide does business across several verticals — including financial services, commercial lines, and personal lines — in all 50 U.S. states. Nationwide has contributed more than $430 million to nonprofit organizations since 2000.
Nationwide has a motto called “On Your Side” that influences how auto insurance claims are handled and determined policies and premiums. The company also recommends getting an annual checkup to ensure policyholders understand their benefits and declarations and new discounts or changes to keep premiums steady and coverage adequate—nationwide calls this consultation its “On Your Side” Review.
Nationwide offers the best deals for customers looking to bundle their home and auto insurance policies among this list of the largest car insurance companies.
Through Nationwide, you can potentially earn $100 off your deductible for each year you practice safe driving, up to a maximum of $500. Depending on your policy, this could effectively cover your entire deductible.
American Family is a solid choice for auto insurance. The company offers decent rates, which can be great when policyholders utilize some of its many discounts.
- Headquarters: Madison, Wisconsin
- Market share percentage: 2.07%
- Average annual full coverage rate: $1,911
- Average annual min coverage rate: $918
- Bankrate Score: 3.7
American Family was established with the initial goal of insuring farmers. In the 1930s, the company expanded and began to focus on insuring non-farmers as well. Today, the company is one of the biggest insurance companies in the U.S. and the largest insurer by market share in Wisconsin.
The company is known for its extensive discount catalog, making its already decent rates even more affordable for customers. However, American Family currently underwrites policies in just 17 states.
American Family’s Dreams Restored Program takes the stress of finding a repair shop by connecting you with partner shops in your area. Bills are sent directly to the insurance company, so you never have to see them. The work also gets a lifetime workmanship guarantee from American Family.
Moderate complaint ratings and a variety of discounts make Travelers a good choice for auto insurance coverage.
- Headquarters: New York City, New York
- Market share percentage: 1.96%
- Average annual full coverage rate: $1,325
- Average annual min coverage rate: $469
- Bankrate Score: 4.5
Travelers are more than 160 years old, making it one of the oldest insurance companies operating today. Travelers issued its first auto insurance policy in 1897 before the Ford Model T was invented.
The company has more than 30,000 employees and 13,500 independent agents and brokers in multiple countries — including the United States, Canada, and Brazil. Notably, Travelers offers a rate pricing program known as IntelliDrive, which determines your rates by assessing your safe driving behavior via a smartphone app. Enrolling in IntelliDrive can potentially reduce your annual insurance rates by as much as 20% if you exhibit good driving habits.
Drivers in some states can take advantage of IntelliDrive, a smartphone app that tracks driving habits for 90 days and reduces the cost of your premium for safe driving. However, you could also see a premium increase if your driving habits are not safe.
Car Insurance companies are made for the convenience to help you out during the time of unexpected circumstances. But it does not allow to drive irrationally. We hope you will find the best car insurance company from the above list that fulfills your requirements.