Top 10 automobile insurance coverage suppliers within the US

The high 10 automobile insurance coverage suppliers within the US proceed to dominate the market, underwriting greater than three-quarters (77%) of the nation’s auto insurance policies, the newest market share knowledge launched by the National Association of Insurance Commissioners (NAIC) has revealed. The determine is equal to barely over $213.1 billion in direct written premiums – a 14.5% enhance from the earlier 12 months.

But regardless of solely a handful of main gamers controlling the auto insurance coverage sector, these insurance coverage giants nonetheless present shoppers a various vary of merchandise, advantages, and companies.

To give insurance coverage consumers an image of what the nation’s high automobile insurers provide by way of protection, Insurance Business ranks the most important auto insurance coverage firms on this article. We may even offer you a rundown of the completely different insurance policies you possibly can entry from these insurers and the way these firms fare by way of buyer expertise. Here are the highest 10 automobile insurance coverage suppliers within the US ranked in response to market share.

Direct premiums written: $46.7 billion

Shopping expertise ranking: 877 out of 1,000-point scale

Claims satisfaction ranking: 882 out of 1,000-point scale

State Farm is the most important automobile insurance coverage supplier within the US, accounting for nearly 17% of the general market. The determine is equal to over $8 billion extra in direct written premiums in comparison with the next-ranked insurer. State Farm’s community of greater than 19,200 native brokers additionally signifies that drivers can simply entry its insurance policies wherever they’re within the nation – effectively virtually, because the firm is now not writing insurance policies in Massachusetts and Rhode Island.

State Farm is thought for providing charges which can be beneath the business common, whatever the demographic. This consists of seniors, policyholders with named teenagers, and even drivers with previous accidents and dashing violations. In addition to this, you possibly can entry a spread of low cost choices, together with:

• Drive Safe & Save: Allows you to save lots of as much as 30% in annual premiums relying on how safely you drive by signing up for the cell app.
• Steer Clear: Enables new drivers or these aged 25 and below to chop yearly premiums by as much as 20% in the event that they don’t have any at-fault accidents or transferring violations prior to now three years.

State Farm additionally ranks extremely by way of buying expertise and claims satisfaction, partly due to its user-friendly web site and cell app, the place policyholders can request quotes, pay premiums, and file claims.  

2. Progressive

Market share: 14%

Direct premiums written: $38.9 billion

Shopping expertise ranking: 853

Customer satisfaction ranking: 861

The nation’s second-largest automobile insurance coverage supplier gives an array of coverages, a few of which aren’t accessible from lots of its rivals, together with hole insurance coverage and veterinary bills protection for pets injured in an accident. This additionally permits policyholders to customise insurance policies to go well with their distinctive wants.

Progressive sits on the center of the pack in relation to annual premiums, however policyholders can entry a variety of reductions to slash charges. These embrace the Snapshot secure driver low cost, which personalizes your charge primarily based in your driving conduct by means of a cell app. The insurer, nonetheless, ranks beneath the business common by way of buyer expertise and claims satisfaction.

3. GEICO

Market share: 13.8%

Direct premiums written: $38.1 billion

Shopping expertise ranking: 857

Claims satisfaction ranking: 874

GEICO is thought for providing aggressive charges not only for drivers with a clear report, but in addition for motorists who’ve poor credit score, a dashing ticket, or these caught driving uninsured. It is a fairly costly possibility, nonetheless, for drivers with a DUI report. 

GEICO policyholders can even entry a spread of invaluable further options, together with accident forgiveness and a usage-based insurance coverage program that may assist scale back premiums for secure drivers. The Berkshire Hathaway subsidiary has a user-friendly web site and sturdy cell app, which allow clients to get a quote, monitor billing, and handle their insurance policies on-line.

GEICO automobile insurance coverage insurance policies can be found in all 50 states. However, the insurer doesn’t have an intensive community of native brokers, so should you’re a type of preferring working straight with brokers, you might have issue discovering one relying on the place you reside.

Direct premiums written: $29.6 billion

Shopping expertise ranking: 853

Claims satisfaction ranking: 889

One of the most important automobile insurance coverage suppliers within the US, Allstate gives a spread of useful protection choices not sometimes accessible from lots of its business rivals, together with:

• Accident forgiveness
• Disappearing deductible
• Gap insurance coverage
• New automobile alternative
• Rideshare insurance coverage (in most states)

Allstate additionally has a complete lineup of reductions, which embrace:

• Early Signing Discount: should you signal your coverage at the very least seven days earlier than its efficient date
• Responsible payer low cost: should you didn’t obtain any cancellation notices for non-payment within the earlier cycle
• EZ pay plan low cost: should you arrange computerized withdrawal for premiums funds
• eSmart low cost: should you go paperless by signing up for ePolicy

Allstate has a great monitor report in relation to claims dealing with as mirrored in its above-average buyer satisfaction ranking. This helps offset automobile insurance coverage charges which can be typically costlier than its rivals.  

5. USAA

Market share: 5.9%

Direct premiums written: $16.4 billion

Shopping expertise ranking: 874

Claims satisfaction ranking: 890

USAA boasts among the many highest buyer expertise and declare satisfaction scores of all of the automobile insurance coverage firms on our record. The specialist insurer, nonetheless, solely gives protection for veterans and energetic members of the army, and their quick households.

USAA offers aggressive charges to all sorts of drivers, together with teenagers, seniors, and people concerned in accidents and visitors violations. Its big selection of reductions permits policyholders to slash premiums additional. USAA gives the usual coverages accessible from different insurers, nevertheless it additionally has a lineup of high quality add-ons, together with accident forgiveness, automobile alternative help, and rideshare insurance coverage.

Direct premiums written: $13.7 billion

Shopping expertise ranking: 865

Claims satisfaction ranking: 870

Liberty Mutual is a superb possibility for drivers preferring an internet expertise over working with an insurance coverage agent. Among the advantages of selecting the mutual insurer as your automobile insurance coverage supplier is that you’re given entry to its user-friendly web site, together with its complete collection of jargon-free assets concerning your protection. You can even obtain the Liberty Mutual cell app, the place you possibly can handle your coverage digitally. These are among the many predominant the reason why the corporate has the second-highest procuring expertise rating of all giant insurers featured within the record. 

Liberty Mutual’s charges, nonetheless, are comparatively greater in comparison with its business rivals, whereas its claims satisfaction ranking is beneath the business common. But the insurer makes up for this by providing clients a variety of protection choices and reductions, which embrace a lowering deductible for yearly with out a declare. 

Direct premiums written: $12.6 billion

Shopping expertise ranking: 846

Claims satisfaction ranking: 882

Annual premiums for Farmers’ auto insurance coverage insurance policies are typically on the excessive facet in comparison with these of the opposite high automobile insurance coverage suppliers within the US. Rates are much more costly for younger and senior drivers. And whereas Farmers ranks among the many high auto insurers in relation to claims satisfaction, it has one of many lowest procuring expertise scores.

High charges and insurance coverage procuring apart, Farmers gives a spread of coverages which will show invaluable after a collision, together with accident forgiveness and new automobile alternative. Lyft and Uber drivers, in the meantime, can improve their protection with rideshare insurance coverage.

Direct premiums written: $5.8 billion

Shopping expertise ranking: 848

Customer satisfaction ranking: 854

Travelers is without doubt one of the a number of automobile insurance coverage suppliers within the US recognized for providing aggressive premiums. Rates are additionally comparatively low-cost for motorists with DUI on their data, though including a teen driver can push up quotes.

Policyholders have loads of coverages to select from. Among the standout options of Travelers’ insurance policies are accident and minor violation forgiveness, and a usage-based insurance coverage program that rewards secure drivers with reductions. Travelers additionally gives rideshare insurance coverage however solely in a number of states. Another downside is that the insurer has beneath common scores in each claims satisfaction and buyer expertise.

9. American Family

Market share: 2.1%

Direct premiums written: $5.8 billion

Shopping expertise ranking: 867

Claims satisfaction ranking: 874

American Family has above common scores in claims satisfaction and procuring expertise. Compared to many business rivals, it additionally boasts a extra complete portfolio, which incorporates OEM protection, rideshare insurance coverage, diminishing deductibles, and accident forgiveness. American Family offers a variety of reductions like its KnowYourDrive program, which reduces the charges of secure drivers.

American Family automobile insurance coverage, nonetheless, is on the market solely in 19 states. Its charges are additionally costlier that these of its rivals.

Direct premiums written: $5.5 billion

Shopping expertise ranking: 861

Claims satisfaction ranking: 868

Nationwide charges will be comparatively cheap, nevertheless it relies on the kind of driver you’re. Just like with most automobile insurance coverage suppliers within the US, secure drivers with a clear report can entry aggressive charges from Nationwide. Drivers with poor credit score can even get cheaper charges however motorists with DUI are in for greater premiums. In basic, Nationwide charges are costlier than most of its rivals.

The insurer, nonetheless, offers an intensive record of coverages and useful add-ons. These embrace usage-based and pay-per-mile choices for many who wish to probably save on insurance coverage prices. Nationwide’s procuring expertise rating is at a par with the business common, though claims satisfaction ranking is a bit low. Nationwide’s automobile insurance coverage insurance policies are additionally not accessible nationwide. It doesn’t promote insurance policies in Alaska, Hawaii, Louisiana, and Massachusetts.

The rankings are primarily based on the newest market share knowledge that NAIC launched. The record is organized in response to total market share, which additionally displays every firm’s direct written premiums. To give readers a clearer image of the kind of service every auto insurer offers, we included the scores from the newest insurance coverage procuring expertise and claims satisfaction survey J.D. Power carried out. We additionally included the businesses’ monetary power scores from A.M. Best. 

Here’s a abstract of the highest 10 automobile insurance coverage suppliers within the US.

Almost all states require motorists to hold automobile insurance coverage to have the ability to legally function a automobile. The solely exception is New Hampshire. If you’re caught driving with out insurance coverage, you will be slapped with a hefty superb and have your future eligibility for acquiring protection affected. 

The sorts of protection required, nonetheless, range in every state, though there are specific similarities. The desk beneath particulars the commonest sorts of insurance policies drivers have to take out, in response to the Insurance Information Institute (Triple-I).

Whether your automobile insurance coverage charges can be on the cheaper or costlier facet relies on the dangers you current as a driver. To decide how a lot a motorist ought to pay in premiums, automobile insurers have a look at a spread of things, together with:

Here’s an estimate of how a lot the typical annual premiums price from the highest 10 automobile insurance coverage suppliers within the US. Your charges could also be considerably greater or decrease relying on a spread of danger elements, together with these listed above.

Our Best in Insurance Special Reports web page is the primary place you should try should you’re trying to find the automobile insurance coverage suppliers within the US that supply one of the best protection. The insurers featured in our particular studies have been chosen by their friends and vetted by our crew of specialists as dependable and trusted leaders within the business. By selecting these firms, you possibly can make certain that you’re getting the precise safety that fits your distinctive wants.

The automobile insurance coverage market is continually evolving, and adjustments can occur with out warning. If you don’t wish to get neglected of the newest business developments, be sure you go to and bookmark our Motor & Fleet part. Here, you possibly can maintain abreast of the newest business information and updates. 

Do you want our rating of the highest automobile insurance coverage suppliers within the US? Have you skilled working with any of them? Feel free to share your story beneath.