The 10 Largest Auto Insurance Companies
Hundreds of companies sell car insurance, but how many can you name off the top of your head? If Allstate, Geico, Progressive and State Farm come to mind first, that makes sense: Together, these four companies make up 50% of the personal auto insurance market in the U.S.
You’ve probably heard of the other companies rounding out the top 10, too.
Top 10 largest auto insurers by market
Company | Market share in 2017 | Direct premiums written in 2017 |
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Source: National Association of Insurance Commissioners | ||
1. State Farm | 18.13% | $41.8 billion |
2. Geico | 12.83% | $29.6 billion |
3. Progressive | 9.88% | $22.8 billion |
4. Allstate | 9.29% | $21.4 billion |
5. USAA | 5.7% | $13.2 billion |
6. Liberty Mutual | 5.02% | $11.6 billion |
7. Farmers | 4.49% | $10.4 billion |
8. Nationwide | 3.18% | $7.3 billion |
9. Travelers | 1.91% | $4.4 billion |
10. American Family | 1.9% | $4.4 billion |
Larger insurance companies can have advantages, such as greater financial strength and stability, a wider network of agents and claims adjusters, 24-hour customer service, and better apps and websites.
But there’s more to an insurer than size. Here’s more about each of the largest auto insurance companies, including the latest available consumer satisfaction ratings from J.D. Power.
Consumer satisfaction ratings | Consumer complaints for car insurance relative to company's size | Quick look |
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Sources: J.D. Power for 2017 consumer ratings, and National Association of Insurance Commissioners for 2017 complaints | ||
1. STATE FARM | ||
“About average” for claims satisfaction and shopping satisfaction. | Fewer than the median | State Farm offers a well-known brand name with a large selection of auto insurance options and other insurance products. |
2. GEICO | ||
“Better than most” for claims satisfaction and "about average” for shopping satisfaction. | Slightly fewer than the median | Geico has lots of features for tech-savvy customers and often cheap car insurance quotes. |
3. PROGRESSIVE | ||
“About average” for claims satisfaction, among “the rest” for shopping satisfaction. | More than the median | Though Progressive has more complaints and lower satisfaction ratings than other big insurers, it offers convenient features that help you compare prices or deal with an auto accident. |
4. ALLSTATE
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“About average” for claims satisfaction and shopping satisfaction. | Fewer than the median | Allstate offers a wide variety of insurance products, as well as lots of auto insurance options and discounts. |
5. USAA
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“Among the best” for claims satisfaction and shopping satisfaction. | About the median | USAA sells only to active and retired members of the miltary and their families. It's a particularly good value, offering both low prices and strong customer service. |
6. LIBERTY MUTUAL
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“Among the rest” for claims satisfaction, “better than most” for shopping satisfaction. | About the median | Many of Liberty Mutual's auto insurance features are unique, including special offerings for teachers. |
7. FARMERS | ||
“About average” for claims satisfaction and shopping satisfaction. | Slightly fewer than the median | Farmers has many options to customize auto policies, and offers a wide variety of other types of insurance. |
8. NATIONWIDE | ||
“About average” for claims satisfaction and shopping satisfaction. | Fewer than the median | Nationwide is an insurer with an ample line of products and good customer service. |
9. TRAVELERS | ||
“About average” for claims satisfaction and shopping satisfaction. | Fewer than the median | Travelers has many options to customize your auto policy, as well as just about any other type of policy you'd want. |
10. AMERICAN FAMILY | ||
“About average” for claims satisfaction and “better than most” for shopping satisfaction. | Fewer than the median | American Family has a good customer-satisfaction track record and a large selection of insurance products. |
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