Top 5 Largest Auto Insurance Companies In United States In 2021 ( Full Information )

 Top 5 Largest Auto Insurance Companies In United States In 2021





Purchasing a car insurance policy can sometimes be a daunting process. That’s why we researched the 10 largest auto insurance companies in the United States to see which one fits your needs. We reviewed some of the best car insurance companies when it comes to cost, coverage, customer satisfaction, and more. 

To begin collecting and comparing quotes, use the tool or call our team at phone number below to learn more about these insurance groups.

In this article:

What Are The Top 10 Largest Auto Insurance Companies?
A Closer Look At The Top 10 Largest Auto Insurance Companies
Other Major Auto Insurance Companies
How To Choose The Best Car Insurance Company For You
FAQ: Largest Auto Insurance Companies
 

What Are The Top 10 Largest Auto Insurance Companies?
Drivers have a lot of options when shopping for car insurance. While there are many local agencies right around the corner, many people prefer to work with the big, nationwide brands that are more familiar. These insurance companies offer a wide range of coverage options to fit your needs and protect you and your passengers when on the road.

Looking at the largest car insurance companies can help you determine who has the best reputation with customers around the country. According to the National Association of Insurance Commissioners (NAIC), here are the top 10 biggest car insurance companies in the nation:

Largest Auto Insurance Companies

Premiums Written in 2019

Market Share

Availability by State 

Motor1 Rating

1. State Farm Insurance

$40.9 billion

16.14%

48

4.5

2. Geico Insurance

$34.9 billion

13.78%

50

4.5

3. Progressive Insurance

$31 billion

12.25%

50

4.5

4. Allstate Insurance

$23.6 billion

9.33%

50

4.0

5. USAA Insurance

$15.2 billion

6.01%

50

5.0

6. Liberty Mutual Insurance

$11.7 billion

4.62%

50

4.0

7. Farmers Insurance

$10.5 billion

4.16%

50

4.0

8. Nationwide Insurance

$6.3 billion

2.47%

47

4.0

9. American Family Insurance

$5.8 billion

2.28%

19

4.0

10. Travelers Insurance

$4.9 billion

1.94%

43

4.0

What Are The Top 5 Insurance Companies?
The top five insurance companies control about 57 percent of the car insurance industry. These auto insurance companies are:

State Farm Insurance
Geico Insurance
Progressive Insurance
Allstate Insurance
USAA Insurance
Who is the number one insurance company?

State Farm came out on top as the biggest car insurance company in the nation, writing over $40.9 B in private passenger car premiums in 2019.

 

 

A Closer Look At The Top 10 Largest Auto Insurance Companies
We'll be taking a closer look at the top 10 largest auto insurance companies in the U.S. to see what they offer and how they ranked in national studies. Feel free to check out our full reviews of each insurance carrier too.

State Farm Insurance logo

#1 State Farm Insurance
State Farm is the largest auto insurance company in the nation. It’s a great choice for drivers who are looking for personalized care from their own dedicated local agents. This company has a reputation for above-average customer service and good financial standing after earning an A++ rating on AM Best.

State Farm offers rates that are among the lowest in the nation for a variety of coverage. You can get standard liability coverage, as well as add-ons like roadside assistance, rental coverage, and more. Save money by taking advantage of State Farm’s discounts for good students, good drivers, students away from home, multiple vehicles on your policy, and safe driving.

Our first choice for families with students, State Farm also provides two safe driving apps and a mobile app for drivers to manage their auto insurance policies.

To learn more, read our full review of State Farm auto insurance.

State Availability: Coverage is available in 50 states and the District of Columbia, but is not accepting new customers in Massachusetts and Rhode Island.

 

Geico Insurance logo

#2 Geico Insurance (Berkshire Hathaway Group)
The second among the biggest auto insurance companies is Geico. With an A++ rating from AM Best and above-average customer service, this money-saving insurance provider earned a 4.5-star rating from our research. A single driver with no accidents or tickets can expect to pay around $295 for a six-month policy.

In addition to standard liability and comprehensive coverage, it also offers usage-based coverage, accident forgiveness, coverage for alternative vehicles, and more. Drivers can access affordable car insurance rates, even if they are high-risk drivers or teenage drivers.

Check out Geico’s extensive discounts for adding multiple vehicles to your policy, bundling multiple policies, and being a safe driver. You can also save money when you have certain safety features installed in your car. Geico gives drivers access to a highly rated mobile app and voice assistance with Amazon Alexa.

To learn more, read our full review of Geico auto insurance. 

State Availability: Coverage is available in all 50 states and the District of Columbia. 

 

 

Progressive Insurance logo

#3 Progressive Insurance
Progressive is well-known with a reputation for transparency that helped it earn a 4.5 rating. It provides online tools that let you compare quotes from multiple car insurance companies right on its site. The company earned an A+ from AM Best and has average customer satisfaction ratings.

Customers can buy standard insurance, as well as rental car reimbursement, usage-based coverage, and custom parts and equipment insurance. Progressive also provides drivers with accident forgiveness.

A single driver with a clean driving record can expect to pay around $77 monthly. Progressive tends to have higher rates than some other providers, but it makes up for it with a wide range of discounts you can qualify for. Drivers can save money by bundling policies, adding multiple vehicles to a policy, and driving safely, as well as being a student, military member, or homeowner.

Progressive’s Snapshot® tool tracks your driving habits and allows you to earn a discount for consistently safe driving.

To learn more, read our full review of Progressive car insurance. 

State Availability: Coverage is available in all 50 states and the District of Columbia. 

 

 

Allstate Insurance logo

#4 Allstate Insurance
As the fourth largest car insurance company, Allstate promotes the careful attention it provides to each of its insured drivers, putting them “in good hands.” With average customer service ratings and an A+ score from AM Best, the company earned a 4.0-star rating after our in-depth research.

Allstate provides auto insurance for a variety of needs like roadside assistance, usage-based insurance, accident forgiveness, new car replacement, and alternative vehicle insurance.

An auto insurance policy for a single driver with a clean driving record will be around $156 per month depending on location. Allstate is a great option if you have poor credit or are a young driver. It offers discounts for insuring multiple vehicles, safe driving, and having safety features installed in your car. Drivers also have access to a helpful and user-friendly mobile app.

To learn more, read our full review of Allstate auto insurance.

State Availability: Coverage is available in all 50 states and the District of Columbia. 

 

 

USAA Insurance logo

#5 USAA Insurance
Not only is USAA one of the largest auto insurance companies in the U.S., it also offers the best rates, if you are eligible for coverage. USAA is highly rated, but it is only available to drivers who are members of the military, veterans, or family of a military member. In terms of satisfaction scores, USAA has excellent customer service ratings and an A++ score from AM Best. It also earned high scores from J.D. Power.

This insurance company provides full coverage options, including benefits like accident forgiveness and new car replacement. USAA will even cover alternative vehicles like motorcycles, boats, and RVs. It offers great rates if you have poor credit or a dismal driving record. The cost for car insurance is an average of $70 per month for a six-month policy with one driver, one vehicle, and a clean driving record.

USAA has many discounts drivers can qualify for, including discounts for multiple vehicles, bundling policies, new driver safety, students with good grades, and more. It has user-friendly online tools and a mobile app where you can make a payment, file a claim, or access your insurance cards.

To learn more, read our full review of USAA car insurance. 

State Availability: Coverage is available in all 50 states and the District of Columbia. 

 

 

Liberty Mutual Insurance logo

#6 Liberty Mutual Insurance
Liberty Mutual earned a 4.0 rating from our research, based on its A rating from AM Best and average customer satisfaction. Like most of the country's largest insurers, it provides comprehensive coverage options as well as optional coverage like uninsured motorist protection, personal injury protection, and medical payments. Liberty Mutual also covers classic cars, ATVs, RVs, and trailers.

Drivers can expect average rates that will depend on location, driving history, and other personal factors. To help drivers save money, Liberty Mutual offers discounts for bundling policies, adding multiple vehicles to a policy, safe driving, purchasing online, and more.

To learn more, read our full review of Liberty Mutual auto insurance. 

State Availability: Coverage is available in all 50 states and the District of Columbia. 

 

 

Farmers Insurance logo

#7 Farmers Insurance
Another one of the largest car insurance companies is Farmers Insurance. Farmers earned a 4.0-star rating from our research. It has an A from AM Best and has average customer satisfaction ratings. It’s a great option when you purchase comprehensive coverage, and it also provides useful protection like accident forgiveness, roadside assistance, new car replacement, and rideshare coverage.

You have many options for discounts, such as discounts for rideshare drivers, using alternative fuel, going paperless, driving safely, and being a senior or member of a certain profession.

To learn more, read our full review of Farmers auto insurance. 

State Availability: Coverage is available in all 50 states and the District of Columbia. 

 

 

Nationwide Insurance logo

#8 Nationwide Insurance
Nationwide is known for its slogan of being “on your side.” Its average customer service ratings and A+ score from AM Best earned it a 4.0-star rating. Coverage from Nationwide is available in 47 states. You can purchase a policy for collision, comprehensive, liability, and medical payments, as well as useful add-on coverages. The insurer also offers accident forgiveness.

As one of the largest auto insurance companies, Nationwide can help customers save money when bundling multiple policies, using car safety features, driving safely, being accident-free, and signing up for automatic payments.

To learn more, read our full review of Nationwide car insurance. 

State Availability: Coverage is available in all states except Louisiana, Alaska, Hawaii, and Massachusetts.  

 

 

American Family Insurance logo

#9 American Family Insurance
American Family has a reputation for good customer service and an efficient claims process. It also has an A rating from AM Best, helping it earn a 4.0-star rating in our research. Its coverage is only available in 19 states mostly in the West and Midwest.

Coverage options from American Family include roadside assistance, rental car reimbursement, and more. You can save money when you qualify for discounts like bundling multiple policies, adding multiple vehicles to your policy, completing a defensive driving course, going accident-free, and maintaining good grades. AmFam offers a variety of insurance products, which makes it a great choice to bundle and save if you need other types of insurance.

To learn more, read our full review of American Family auto insurance. 

State Availability: Coverage is available in Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Utah, Washington, and Wisconsin.

 

Travelers Insurance logo

#10 Travelers Insurance
The last of the 10 biggest auto insurance companies is Travelers Insurance. Travelers earned a 4.0 rating after our study for its comprehensive coverage and average customer satisfaction. Policyholders can feel secure in the insurer's financial standing, as Travelers earned an A++ rating from AM Best. Coverage from Travelers is available in 43 states.

With Travelers, you can purchase gap insurance, rental coverage, roadside assistance, rideshare coverage, and more. Save money with discounts for safe driving, keeping continuous auto insurance coverage, paying your premium in full, and bundling policies. Travelers gives drivers access to its mobile app, website, and Amazon Alexa virtual assistant to manage policy details.

To learn more, read our full review of Travelers auto insurance. 

State Availability: Coverage is available in all states except Alaska, Hawaii, Michigan, North Dakota, South Dakota, West Virginia, and Wyoming.

 

 

Other Major Auto Insurance Companies
While the ten insurance companies above are the largest auto insurance companies in the U.S., the largest companies aren’t always the best for your unique needs and budget. Other major car insurance companies that lie just outside of the top ten include:

Other Major Auto Insurance Companies

Premiums Written in 2019

Market Share

Availability by State 

Motor1 Rating

Erie Insurance

$3.4 billion 1.34% 12 4.0
Kemper Insurance

$3.4 billion 1.33% 50 4.0
Auto-Owners Insurance

$3.2 billion 1.28% 26 4.0
Mercury Insurance

$2.8 billion 1.1% 11 3.0
Metlife Insurance

$2.5 billion 0.97% 46 4.0
The Hartford Insurance 

$2.0 billion 0.8% 50 4.0
Amica Insurance

$1.3 billion 0.5% 4.0
COUNTRY Financial

$1.2 billion 0.48% 19 4.0
 

 

How To Choose The Best Car Insurance Company For You
Your options are numerous when it comes to car insurance companies, and you don’t necessarily have to choose from the largest auto insurance companies.

While there are many factors that impact your car insurance quote, the average auto insurance expenditure in the U.S. was $1,004.68 in 2017, according to the Insurance Information Institute. This means that an average monthly payment was around $83.72.

To find the best auto insurance company to purchase a policy from, it’s always a good idea to do your research and compare multiple car insurance quotes. Determine the level of coverage you need for your state and vehicle, then shop around online. Many independent insurance agents will also be able to pull multiple quotes for you.

Also, consider what other insurance options are available through the provider. Many car insurance companies will give offer discounts for bundling several kinds of insurance together under the same provider. Common types of insurance products include:

Car insurance
Life insurance
Health insurance
Home insurance
Umbrella insurance
Renters insurance
Travel insurance
Pet insurance
On top of bundling, many auto insurers offer several discounts you may be eligible for. Common discounts include the good student discount, military discount, safe driver discount, multi-car discount, and homeowner discount.

Also, remember that once you choose a car insurance provider, you don’t have to stay with that company forever. When your six-month or annual policy expires, that’s a great time to shop around again. Car insurance rates are always changing to help drivers get the best deal. Call our team or fill out the form below for free, personalized quotes.

 

 





 

 

Methodology
In an effort to provide accurate and unbiased information to consumers, our expert review team collects data from dozens of auto insurance providers to formulate rankings of the best insurers. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5.0 stars.

Industry Standing: Insurers with strong financial ratings and customer-first business practices receive the highest scores in this category.
Availability: We consider availability by state as well as exclusions for specific groups of drivers.
Coverage: This rating is based on types of insurance available, maximum coverage limits, and add-on policies.
Cost and Discounts: Our research team reviews sample quotes for a variety of drivers in every state. Companies with lower prices and many car insurance discount opportunities receive the best scores.
Customer Service: We comb through customer reviews and consumer feedback studies from experts like J.D. Power.
Technology: Auto insurers with mobile apps, advanced online services and telematics are more likely to meet consumer needs.




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