10 Largest Auto Insurance Companies

Despite the fact that large companies have insurance in large numbers, they differ in terms of price, level of service and many other factors. Check out our list of the top 10 auto insurance companies in the US and how they differ from each other to help you decide which one is right for you.

What is the largest auto insurance company? In terms of market share and premiums written, State Farm is the leading auto insurance provider in the United States, followed by Geico, Progressive and Allstate. Most of the names on the list of top US auto insurance providers are well known thanks to extensive TV advertising campaigns.

  1. State Farm
    State Farm is the largest auto insurance company in the United States with 16% market share. State Farm receives over 15% of private automobile awards paid nationally.
    The organization currently has about 19,000 agents and about 60,000 employees. State Farm is a mutual insurance company and is owned by its customers.
    One of the most popular auto insurance companies on this list, State Farm had the lowest auto insurance rates in most parts of the United States.
  2. Geisha
    Known for her cartoon gecko commercials, her Geico has created over 16 million auto insurance policies covering over 24 million vehicles. With 9 regional offices, 3 service centers and 3 claims centers, the company’s size allows it to employ more than 40,000 people.
    Most of Geico’s first customers were US government employees and military personnel. Private sector customers are now included in the customer base of insurers.
    Geico is the top insurance provider for students, according to an analysis of the largest auto insurance companies.
  3. progressive
    Founded in 1937, Progressive is the third largest insurance company in the United States. The company allows customers to purchase auto insurance over the phone, online, or in person. Customers also have the option of enrolling through an independent insurance agent.
    The company employs over 35,000 people and has over 400 branches. Progressive is a publicly traded company. 4. Jeonju
    Allstate, his second largest property and casualty insurance company in the United States, founded in 1931, is called Allstate. Like State Farm, Allstate has a network of regional representatives ready to meet your needs. More than 46,000 people are currently employed by the organization.
    The same industry is served by Esurance, a subsidiary of Allstate. Allstate caters to customers seeking local, personalized service, while Esurance reportedly emphasizes empowered and brand-conscious consumers.
  4. United States of America
    In 1922, 25 Army officers decided to insure each other’s vehicles and the USAA was formed. Today, the company serves millions of people associated with the U.S. military, including cadets, naval academies, military families, current and former military personnel.
    USAA is headquartered in San Antonio. The company’s campus is three-quarters of a mile long. The largest privately held company in San Antonio is He USAA.
    USAA is #1 for the best and cheapest auto insurance for veterans and active duty military due to its focus on the US military.

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