Must Know: Top Auto Insurance Companies of The Year
With all the various options for auto insurance out there, you can’t blame people for being overwhelmed. To help you choose the best insurance company for your needs, we’ve listed the top providers here. Compare offerings from these top car insurance companies to quickly find the best policy and rate for you.
State Farm
State Farm is the largest auto insurance company in the U.S., with a 16% market share. The company employs about 60,000 staff and has around 19,000 active agents on its rolls. State Farm is a mutual insurance company, which means its policyholders are its co-owners. Easily the most widely spread car insurance company in the country, it offers the lowest rates for car insurance in the U.S.
Geico
Geico is among the cheapest auto insurance companies in the U.S. and has a country-wide presence. Geico has underwritten more than 16 million auto insurance policies and has insured more than 24 million vehicles. It employs around 40,000 people and has nine regional offices with a number of service and claim centers. Originally Geico was set up for the benefit of U.S. government employees and military personnel. But now, it has extended its services to the private sector as well. According to a recent market study, Geico has been found to be the best insurance company for college students due to its affordable pricing.
Progressive
Progressive is the third-largest insurance company in the U.S. It was established in 1937. The company offers people the facility to buy auto insurance in person, online, or even over the phone. People can also use the services of independent agents for this purpose. Progressive has a staff strength of 35,000 and about 400 offices spread out in the country. It is a publicly-traded company.
Allstate
Allstate, which was established in 1931, is the second-largest publicly traded property and casualty insurance company in the U.S. The company currently has around 46,000 people on its payroll and also has a sizeable number of local agents to serve the insuring public.
USAA
USAA was founded by a group of 25 Army officers in 1922. The company serves U.S. military personnel and their families. It is one of the best auto insurance companies in the U.S. and offers great customer service and prompt claims actions.
Farmers
Farmers was started to provide insurance for the vehicles of farmers, but they grew to become the seventh-largest insurance company in the U.S. It offers more insurance products than any other insurer. However, its rates are expensive.
