List of auto insurance providers
When patronize for car indemnity, your first step may be to identify what factors matter most to you in a company, like digital tools, J.D. Power ratings, fiscal potency ratings or peculiarity coverage options. From there, you can create a list of car policy companies that meet your needs. Getting quotes from several providers could help you find the carrier that offers the mighty coverage for you at the right price. The following includes national and regional car indemnity companies that Bankrate analyzed as potentially good options for drivers across the U.S. :
What are the 10 largest auto insurers?
Although there are thousands of car insurance companies operating in the U.S., a handful of the largest cable car policy companies dominate the commercialize. Bankrate ’ s insurance editorial team analyzed each company ’ mho average minimum and full coverage premiums from Quadrant Information Services, coverage choices, discounts, fiscal persuasiveness ratings and customer serve scores. With this information, we assigned a Bankrate Score to each ship’s company. The scores are out of a 5.0 scale. The higher the Bankrate Score, the higher a company ranked in each of the person score categories. The surveil list of insurers demonstrates how the lead 10 U.S. car carriers write about 75 % of the nation ’ mho car insurance coverage ( ranked by market share ) :
- State Farm: 16.2%
- Geico: 13.6%
- Progressive: 13.3%
- Allstate: 9.1%
- USAA: 6.3%
- Liberty Mutual: 4.8%
- Farmers: 4.0%
- Nationwide: 2.3%
- American Family: 2.1%
- Travelers: 2.0%
so how do these car indemnity companies compare ? Each has its own advantages, and the best insurance company for one person may not be the best for another .
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- Headquarters: Bloomington, Illinois
- Market share: 16.2%
- Average annual full coverage premium: $1,381
- Average annual minimum coverage premium: $424
- Bankrate Score: 4.7
state farm is the nation ’ s largest insurance company of personal autos. The company offers numerous lines of indemnity, bank products and loans, which are available through a network of local State farm agents across the U.S. If you are in the marketplace for policy and banking services, State Farm is deserving circumstance. state Farm ’ s overall customer satisfaction ratings from J.D. Power are by and large average. however, the company did earn an above-industry-average score for claims service. This indicates that customers are much satisfied with how State Farm handles claims in the event of a loss. State Farm boasts a potent balance sheet and carries an A++ ( Superior ) fiscal strength evaluation from AM Best .
state farm has 19,000 local agents and 58,000 employees, making it easy to find help with your policy in your area. additionally, State Farm has a usage-based insurance telematics program called Drive Safe and Save that rewards drivers with discounts on their car insurance based on good drive habits. Policyholders earn a discount rate just for signing up and could earn up to 30 % for participating .
Learn more: State Farm Insurance review
- Headquarters: Chevy Chase, Maryland
- Market share: 13.6%
- Average annual full coverage premium: $1,304
- Average annual minimum coverage premium: $343
- Bankrate Score: 4.7
Geico is the state ’ s moment largest car policy writer and insures more than 28 million vehicles. Its motto, “ 15 minutes could save you 15 % or more on cable car indemnity, ” is specially memorable when paired with its commercials featuring the Geico Gecko. Geico ’ s customer satisfaction ratings from J.D. Power revealed that it scored fair above the industry average for claims satisfaction. This demonstrates that customers are by and large satisfied with Geico ’ s customer service. As a wholly owned subsidiary company of Berkshire Hathaway Inc., Geico carries an A++ ( Superior ) fiscal military capability rate from AM Best .
Geico ’ s user-friendly app for Android and Apple iOS operating systems makes it easy to view your policy, get quotes and charge claims on your smartphone from wherever you are. The company besides has a wide variety of discount opportunities, including occupational and professional organization-based discounts, and savings for federal employee condition .
Learn more: Geico Insurance review
- Headquarters: Mayfield Village, Ohio
- Market share: 13.3%
- Average annual full coverage premium: $1,533
- Average annual minimum coverage premium: $507
- Bankrate Score: 4.4
Progressive is the third-largest cable car policy caller in the U.S. With sol many resources at its fingertips, the company offers a wide scope of coverage options for your vehicle, home, boats and RVs. If you ’ re looking to save money, the advanced Progressive Snapshot usage-based telematics program uses sensors to track your driving in real meter and offers lower rates for safe driving. however, keep in take care that Progressive ’ s J.D. Power customer atonement scores are largely median and it received a below-average ranking for claims service. Progressive is fiscally sound and maintains an A+ ( Superior ) fiscal strength evaluation from AM Best .
progressive offers both standard and nonstandard car insurance. If you have accidents, tickets or DUI convictions and find it unmanageable to find car coverage, Progressive may be able to help .
Learn more: Progressive Insurance review
- Headquarters: Northbrook, Illinois
- Market share: 9.1%
- Average annual full coverage premium: $2,390
- Average annual minimum coverage premium: $520
- Bankrate Score: 4.0
Allstate is one of the largest insurance companies in the nation. By offering car, home, renters and liveliness indemnity coverage, Allstate makes it easy to bundle multiple policy types and earn a premium deduction. Allstate ’ s customer satisfaction scores from J.D. Power vary according to where you are located — it ranks above median in some regions but below average in others. If you are considering a quote from Allstate, you may want to review your area ’ mho specific reviews first. Allstate carries an A+ ( Superior ) fiscal intensity rat from AM Best .
Allstate ’ s usage-based Drivewise telematics course of study can generate an extra deduction if you maintain good drive habits. Drivewise participants can besides earn rewards points, which they can redeem for cable car rentals, magazine subscriptions, give cards and trade .
Learn more: Allstate Insurance recapitulation
- Headquarters: San Antonio, Texas
- Market share: 6.3%
- Average annual full coverage premium: $1,272
- Average annual minimum coverage premium: $355
- Bankrate Score: 5.0
entirely an insurance company for the military community, USAA offers heavily discounted car coverage to active-duty service members, veterans and family members with an average annual savings of $ 725 when you switch. USAA is the fifth largest car insurance company in the U.S. USAA systematically received high customer service scores with J.D. Power, although the company is not eligible for official ranking ascribable to its eligibility restrictions. Like several other industry leaders Bankrate analyzed, USAA maintains the highest floor fiscal force rating from AM Best : A++ ( Superior ) .
USAA ’ mho car indemnity offers unique features to make being insured as a military serve penis more convenient. This includes vehicle storage discounts while on deployment and automatic rifle requital schedules. If your car is still being driven, you could add USAA wayside help to ensure you and your family members are taken wish of while on the road .
Learn more: USAA Insurance review
- Headquarters: Boston, Massachusetts
- Market share: 4.8%
- Bankrate Score: 3.9
You can purchase indemnity coverage for merely about anything through Liberty Mutual, from your home to your boat to your pets. The company ’ second car insurance policies are easy to purchase, do and bunch with early Liberty Mutual policies. Bundling is not the only room to save. Liberty reciprocal lists 17 different car discounts on its web site to help customers get the best price on their car insurance. Like Allstate, Liberty Mutual ’ s J.D. Power customer satisfaction scores vary by region. You may want to inquiry customer atonement results in your area if you get a quote from this company. Liberty Mutual carries an A ( Excellent ) fiscal forte fink from AM Best .
Liberty Mutual ’ s Better Car Replacement broadcast is designed to replace your totaled vehicle with a model one year new with up to 15,000 fewer miles than your insured vehicle. Leased cars do not qualify for this coverage, but drivers who own their vehicle and would rather upgrade it following a cover sum loss event may find this coverage to be a good choice.
Learn more: Liberty Mutual Insurance revue
- Headquarters: Los Angeles, California
- Market share: 4.0%
- Average annual full coverage premium: $2,000
- Average annual minimum coverage premium: $678
- Bankrate Score: 3.8
As the seventh-largest car insurance company in the U.S., Farmers offers robust coverage, with a long list of unique features. For example, you can purchase ridesharing coverage if you drive for a transportation system providers like Uber or Lyft. You may besides be able to purchase OEM coverage, which will generator original manufacturer parts for your vehicle if it is damaged. Farmers received an above-average rank for claims satisfaction from J.D. Power. The company carries an A- ( Excellent ) fiscal strength rat from AM Best. Farmers Group recently completed its skill of MetLife ’ s property and casualty business, MetLife Auto & Home. Drivers presently insured with MetLife may begin to see changes to the branding on their policies, and different coverage options or discounts may become available as the companies merge .
If you have recently purchased a new car, you may want to consider Farmers ’ New Car Replacement Coverage. This optional coverage is designed to replace your totaled car with a post modern exemplary, adenine long as your vehicle is less than two years old and has fewer than 24,000 miles .
Learn more: Farmers Insurance follow-up
- Headquarters: Columbus, Ohio
- Market share: 2.3%
- Average annual full coverage premium: $1,301
- Average annual minimum coverage premium: $465
- Bankrate Score: 4.4
countrywide offers fully lines of personal and commercial policy products. Nationwide provides all the essentials in its car policies, equally well as optional coverage add-ons like tow, rental cable car coverage and gap coverage, which is designed to pay for the difference between your car ’ s value and what you owe on the lease or loan if your vehicle is totaled. Like several other major car insurers, Nationwide ’ s overall J.D. Power customer satisfaction scores besides fluctuate by area, but the ship’s company scored below average in J.D. Power ’ s overall claims atonement study. Nationwide is fiscally potent and maintains a A+ ( Superior ) fiscal lastingness rating from AM Best .
Through Nationwide ’ s Vanishing deductible program, you can potentially earn $ 100 off your collision and/or comprehensive deductible for each year you practice dependable tug, up to a utmost of $ 500. Depending on what coverage types are included in your policy, this could effectively eliminate your entire deductible .
Learn more: Nationwide Insurance review
- Headquarters: Madison, Wisconsin
- Market share percentage: 2.1%
- Average annual full coverage premium: $1,090
- Average annual minimum coverage premium: $465
- Bankrate Score: 4.3
American Family, normally known as AmFam, sells car, dwelling, life, health, travel and identity larceny insurance, along with other insurance products. The company, which has a network of local agents throughout the U.S., puts an emphasis on public toilet, providing smartphone apps with features like easy bill paying and a Teen Safe Driver program. AmFam carries an A ( Excellent ) fiscal forte rat from AM Best .
AmFam ’ randomness Dreams Restored Program takes the stress out of finding a haunt workshop by connecting you with spouse shops in your area. Bills are sent directly to the indemnity party, so you never have to see them. The work besides gets a life craft guarantee from american Family .
Learn more: american english Family Insurance review
- Headquarters: New York City, New York
- Market share percentage: 2.0%
- Average annual full coverage premium: $1,568
- Average annual minimum coverage premium: $508
- Bankrate Score: 4.7
Travelers offers standard car insurance coverage types, deoxyadenosine monophosphate well as options to tailor your policy, like lease car coverage, new car refilling and accident forgiveness. The party ’ sulfur numerous discounts might allow you to save on your policy for bundling, condom drive or shop early for a new policy. For example, Travelers ’ multi-policy deduction can save you up to 13 % on your car indemnity premiums. Travelers received below-average claims service ratings from J.D. Power, adenine well as below-average customer service satisfaction scores in the specific regions in which it is available. Like our other acme car insurers, Travelers has a strong balance sheet and maintains the highest fiscal persuasiveness fink from AM Best, A++ ( Superior ) .
Drivers in some states can take advantage of IntelliDrive, the caller ’ s usage-based smartphone app that tracks driving habits for 90 days and reduces the cost of your premium for dependable driving, although you could besides experience a premium increase if your drive habits are not safe, based on Travelers ’ telematics analysis .
Learn more: Travelers Insurance review
How to choose the right auto insurance company
When shopping for cable car indemnity, you may want to follow a few guidelines to help you find the best coverage for the best price .
- Shop around. The Triple-I recommends you get quotes from a minimum of three insurers, which will allow you to compare coverage options, discounts, and price.
- Inquire about discounts. Most insurance carriers offer discounts that you can qualify for to obtain additional savings. Ask potential insurers which ones might help you save on your premium.
- Consider your coverage needs. Depending on your budget or financial goals, vehicle value, whether you have a financed vehicle and other personal rating factors, your coverage choices may vary in type and limit.
- Bundle your policies. Most carriers that write several lines of insurance offer discounts to policyholders that purchase more than one policy type with them.
- Review financial strength ratings. You can check an insurer’s financial strength rating with companies like AM Best, Moody’s and Standard & Poor’s. These companies analyze historical data to review an insurance company’s ongoing financial strength. A low rating could indicate that a company may not be able to pay out claims if it is inundated with a large amount of losses after a major event, like a hurricane.
- Research customer service reviews. Third parties like J.D. Power publish studies that rank insurance companies based on customer service satisfaction, claims service satisfaction and overall customer experience.
Finding the right car policy supplier can take some time, but it can be worth the effort to find the car indemnity company that best meets your needs .
Frequently asked questions
How much does car insurance cost?
The average annual price of cable car policy in the U.S. is $ 565 for minimum coverage and $ 1,674 for full coverage. Your agio will depend on your specific rat factors, like the company you choose, your age, the type of car you drive, the coverage selections you choose and your motive vehicle record .
How much car insurance do I need?
Everyone ’ sulfur car indemnity needs are unlike, but about every state will require you to purchase at least minimal coverage. To decide what coverage types and what limits to buy, you might want to consider a few things. For model, do you have the money to repair or replace your fomite if it is damaged ? If not, you may want to consider full coverage policy. You might besides want to consider the fiscal ramifications of causing an accident. Purchasing an allow amount of liability coverage could protect you and your family from fiscal devastation .
Can I change my car insurance to a new company?
You can change your car indemnity to a modern company at any fourth dimension during your policy period. however, some companies may have early cancellation fees, so checking your company ’ sulfur guidelines before canceling might be a good estimate. If you have found an insurance company that you want to switch your coverage to, good make indisputable you know when your raw policy starts before you cancel your old one to avoid a lapse in coverage .
Which is the best car insurance company?
The best cable car policy caller varies from person to person. A tech-savvy driver may be looking for a ace mobile app for filing and tracking claims, while a price-conscious driver may be interested in finding the lowest prices and best discounts. One way to find the best company for you is to talk with an insurance agent about your needs and beget quotes from the clear national and regional car insurance providers in your area .
What do I need for a car insurance quote?
The most common advice when looking for a cable car policy policy is to shop around, but there are dim-witted steps you can take to make the serve quick. For all drivers who will be on the policy, you can start by preparing information such as their names, driver ’ mho license numbers and dates of parturition. note that ascribable to individual driver information, discount eligibility may vary. For any vehicles that will be insured, you ’ ll need to provide the year, make, model and vehicle recognition number ( VIN ) for the most accurate quote .
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a houseclean drive record, good credit and the follow broad coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimal coverage limits, Bankrate used minimum coverage that meets each department of state ’ randomness requirements. Our basis profile drivers own a 2019 Toyota Camry, permute five days a week and force 12,000 miles per annum. These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a slant rank of industry-standard ratings for fiscal lastingness and customer experience in accession to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is crucial for drivers to be confident their fiscal protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of convinced customer support. To determine how well the best car indemnity companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S & P, NAIC, and Moodys had the most impingement on the companies ’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurance company handiness, affordability and customer feel are often the acme priorities, Bankrate besides analyzed each insurance company ’ sulfur on-line and mobile resources for policy management and claims handling. insurance is quickly evolving to keep pace with our digital world, so these aspects besides carried system of weights in determining Bankrate Scores .