When looking at the top-ranked auto insurance companies in the United States, many names are very recognizable due to their national television advertising campaigns. While a number of insurance companies offer varied insurance rates, experiences, and features, we always recommend comparing quotes from multiple insurers.
State Farm is one of the largest auto insurance companies in the U.S. and possesses around 16% of the total available market share. Over 15% of the total dollars spent on private passenger auto premiums in the country is paid to State Farm.
It currently employs around 60,000 employees and has nearly 19,000 agents in service. State Farm works as a mutual insurance company, which means that it’s owned by its policyholders.
Geico, which is well known for its adorable advertising that features an animated gecko, has served as an underwriter to 16 million auto policies and counting, which has insured more than 24 million vehicles. Geico’s company size allows it to employ more than 40,000 people in nine regional offices, three service centers, and three claims centers.
Progressive, which is the third-biggest insurance company in the country, was established in 1937 and offers the ability to purchase auto insurance online, in-person, or by phone. Customers can alternatively sign up through an independent insurance agent.
Allstate, which was established in 1931, is the second-largest publicly traded property and casualty insurance company in the country. Like State Farm, Allstate has a number of local agents ready to serve your needs. Allstate currently employs more than 46,000 people.
A subsidiary of Allstate, Esurance, operates in the very same space, targeting self-directed and brand-sensitive customers, while Allstate attracts customers who enjoy local and personal service.
USAA was founded in 1922 by a few Army officers who decided to help insure each other’s vehicles. Today, the company serves millions of U.S. military affiliates, including current and former service members, families of service members, and cadets or midshipmen.
The company is headquartered in San Antonio with its corporate campus’ length extending three-quarters of a mile and is the largest private company located in San Antonio.
Its focus on the U.S. armed forces makes USAA our top pick for the best and cheapest car insurance on the market for veterans and military service members.
