Car Insurance Providers
The 10 largest car insurance providers in the US dominate the market. Find out what sets them apart from industry competitors in this article
The top 10 auto insurance providers in the U.S. continue to dominate the market, underwriting three-quarters (77%) of the nation's auto policies, the latest market share data released by the National Association of Insurance Commissioners (NAIC) reveals. This number is slightly higher than $213.1 billion in direct written premiums – a 14.5% increase over the previous year.
But despite a handful of major companies dominating the auto insurance industry, these insurance companies also offer a wide variety of products, benefits and services to customers.
To give insurance buyers a picture of what the nation's leading car insurers offer in terms of coverage, Insurance Business ranks the largest auto insurance companies in this article. We will give you a breakdown of the various policies you can access from these insurers and how these companies perform based on customer experience. Here are the top 10 car insurance providers in the US, ranked by market share.
1. State Farm
Market share: 16.8%
Direct premiums written: $46.7 billion
Shopping experience rating: 877 on a 1,000-point scale
Claims satisfaction rating: 882 on a 1,000-point scale
2. Progressive
Market share: 14%
Direct premiums written: $38.9 billion
Shopping experience rating: 853
Customer satisfaction rating: 861
Financial strength: A+
3. GEICO
Market share: 13.8%
Direct premiums written: $38.1 billion
Shopping experience rating: 857
Claims Satisfaction Rating: 874
Financial strength: A++
4. Allstate
Market Share: 10.8%
Direct premiums written: $29.6 billion
Shopping experience rating: 853
Claims Satisfaction Rating: 889
Financial strength: A++
5. USAA
Market Share: 5.9%
Direct premiums written: $16.4 billion
Shopping experience rating: 874
Claims Satisfaction Rating: 890
Financial strength: A++
6. Liberty Mutual
Market Share: 4.9%
Direct premiums written: $13.7 billion
Shopping experience rating: 865
Claims Satisfaction Rating: 870
Financial strength: A
7. Farmers
Market share: 4.6%
Direct premiums written: $12.6 billion
Shopping experience rating: 846
Claims Satisfaction Rating: 882
Financial strength: A
8. Travelers
Market Share: 2.1%
Direct premiums written: $5.8 billion
Shopping experience rating: 848
Customer satisfaction rating: 854
Financial strength: A++
9. American Family
Market Share: 2.1%
Direct premiums written: $5.8 billion
Shopping experience rating: 867
Claims Satisfaction Rating: 874
Financial strength: A
10. Nationwide
Market Share: 2%
Direct premiums written: $5.5 billion
Shopping Experience Rating: 861
Claims Satisfaction Rating: 868
Financial strength: A+
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