Largest Auto Insurance Company in America (2024)

USAA, Nationwide, Liberty Mutual, Geico? What is the largest auto insurance company in the United States?

Commercial auto insurance in the United States is competitive, like any other product. Many people believe the largest car insurance company in the U.S. must provide the best coverage, policies, rates, and customer service.

Before you select your auto insurer, see what kind of insurance coverage they offer and what kind of benefits their customers will receive. Do they have accident forgiveness? What about roadside assistance? Find out before you choose your comprehensive coverage.

The auto insurance industry is competitive, making it difficult to find the right auto insurance policy. Going for the largest car insurance company doesn’t exactly mean you will be receiving the best insurance coverage.

Ask questions about the different auto insurance coverage options available. It is the responsibility of policyholders to find comprehensive coverage for their unique needs.

In addition to car insurance discounts, some of the largest insurance companies provide standard service. This means the insurer operates with documented methods and procedures.

Read our comprehensive guide to determine whether the biggest insurance companies are better than the smaller ones.

What is the largest auto insurance company in the United States?

Who are America’s largest auto insurance companies? Looking at market share percentages tells us who is the largest insurance company in the U.S. because it means the company controls more of the market than any other company.

Larger insurance companies may offer better rates due to their volume of business. However, you should still seek to become an educated consumer and compare various commercial auto insurance carriers when shopping for the best rates for a car insurance policy. If not, you may end up going for one of the worst auto insurance companies in the country instead.

What are the 10 largest insurance companies in the U.S.?

If you are expecting Geico or Hartford to be on the list, you may be disappointed.

1. State Farm
2. Berkshire Hathaway
3. Progressive
4. Allstate
5. USAA
6. Liberty Mutual
7. Farmers Insurance
8. Nationwide
9. Travelers
10. American Family

The table below shows the 20 biggest insurance companies in the U.S. by market share (2018). Interestingly Geico didn’t even crack the top 20.

Top 20 Insurance Companies in the US by Market Share

The top three car insurance companies in the U.S. are State Farm, Berkshire Hathaway, and Progressive.

According to the National Association of Insurance Commissioners, the company that owns the most market share in the United States is State Farm Auto Insurance.

State Farm sells more auto insurance policies in the U.S. than any other car insurance company. Who else is in the list of top five insurance companies in the U.S.? Allstate and USAA.

But when shopping for a car insurance company, size is only one factor that you should consider when shopping for the right kind of insurance coverage. Before signing up for any kind of insurance, be sure to learn about the different coverage options available.

Consistency in service is generally provided by agents of the largest auto largest insurance companies in the U.S. One agency offers the same quality of service and operates in much the same way as any other agency. Smaller insurance companies may vary from agency to agency in terms of quality of customer service and other factors that determine an auto insurance provider‘s effectiveness.

Just because State Farm is the largest auto insurance company in the U.S., it does not mean you’ll receive the cheapest rates from that company. You will need to perform quote comparisons to find the best car insurance quotes in the United States. Remember, there are different insurance options to choose from. Do your due diligence before just choosing the largest insurer.

In addition to the size of the company, check the companies with regard to their customer satisfaction reviews.

Many review sites provide customer reviews of companies, including car insurance carriers. Make sure the car insurance company you select has a great track record of keeping their customers happy and offers different insurance options.

Auto Insurance Company Reviews

How many auto insurance companies are there in the USA? According to the Insurance Information Institute, there were 5,965 automobile insurance carriers in 2018.

Comparing the largest auto insurers in the U.S. is a smart way to find cheap auto insurance rates. You might consider starting with the top ten auto insurance companies in the USA.

Which Are the Highest Rated Insurance Companies?

Now that you know who is the biggest auto insurance company in the U.S., let’s look at company reviews. If we only compared auto insurance companies by size, we’d miss out on actual customer experiences.

Many companies and review sites offer insight into the customers’ opinions about car insurance companies. JD Power and Associates regularly conduct random sample customer satisfaction surveys about U.S. car insurance companies.

Who is often the number one auto insurance company in the USA according to these companies? Incidentally, State Farm is usually at the top of the JD Power and Associates list of car insurance companies.

State Farm customers report that they are very satisfied with the customer service provided by this company in Power and Associates most recent survey.

Allstate also appears in the Top Five Car Insurance Providers in the survey. In fact, State Farm usually ranks high on all metrics in most customer service satisfaction reviews.

Various websites provide customer-written reviews for car insurance companies. Sites like Epinions.com and ViewPoints.com allow customers to write detailed reviews about their experiences with auto insurance companies.

But remember to ask yourself, are the major auto insurance companies better than smaller ones? Just because Geico has fun ads, it may not be the best company for you. There may be local agencies near you who fit all your needs. Remember to include those agencies when you comparison shop.

What to Look For When Considering Auto Insurance Companies

What are the top insurance companies in the USA doing to earn your business? Beyond looking at insurance companies ranked by size, there are a few more things to look for when reviewing car insurance companies.

You might be wondering, where can I find unbiased reviews of auto insurance companies? Fortunately, we’ve compiled a brief list of questions to consider during your research to help you shop smarter. Check them out below.

Does the company have an excellent customer service reputation?

Even the largest companies in the United States should earn your trust through great customer service.

Insurance companies that have great customer service generally keep their customers happy. When reading reviews or ratings for car insurance companies, consider the company’s reputation for customer service.

Does the company pay claims promptly and without issue?

Great insurance companies will not hassle their customers when it comes to paying out on policies. When you’re comparing the major U..S insurance companies, see how long the claims process usually takes.

After all, the last thing you want after you have been in an accident is to have issues with your car insurance company when you present them with the claim. The best insurance companies pay claims promptly and without issue.

Does the insurance company have a reputation for caring about its customers?

Beyond asking what are the biggest auto insurance companies in the USA, you should also ask if the company cares about the customers.

This consideration is similar to the first consideration. However, the difference here is the way the customer is treated overall. Choosing one of the biggest insurers in the U.S. does not necessarily mean you’ll be the way you deserve.

Is the car insurance company more concerned with its bottom line than the customer’s well-being?

The leading auto insurance companies should also make you feel valued. When researching, ask yourself, does the insurance company show concern, and treat the customer with respect, making them feel important?

It is nice when your auto insurance company lets you know that they appreciate your business.

If the unfortunate happens and you’re involved in an accident, you’ll have to communicate with your carrier. If they show concern and ask if you are okay after the stressful event, it will make you feel like they actually care about you as a person.

Automobile accidents are stressful enough. The best insurance companies will be less concerned about their bottom line, and more concerned with you.

Finding the Best Deal for Car Insurance

When deciding which United States automobile insurance company to choose from, you likely want to find the lowest possible rates. We understand you want the most affordable car insurance in the United States. The only way to know what company will provide you with the best possible premiums is by comparison shopping.

For example, the only way you can answer which is a better insurance company, Geico, Allstate or State Farm, is by comparing the car insurance quotes each company provides you with.

Even though other variables factor into your decision regarding which insurance company to select as your car insurance provider, the size, and reputation of the company are two important factors.

However, almost everyone would like to know that they are getting the best deal on their car insurance. To make sure that the rates you are paying for your current car insurance policy are competitive, use an insurance comparison website to compare your current insurance provider’s rates with the rates of other providers in your area.

You’re ready to secure your cheapest car insurance rates in the United States. Whether you go with one of the major auto insurance carriers or a local company, start off by comparison shopping.