Largest Insurance Companies in 2022

  1. State Farm
    State Farm is a great insurance provider for auto owners looking for a local representative offering a personal service and lower rates than the average.
    • Average six-month premium: $307
    • Part of the market 16 percent
    • Written Premiums: $41.1 bn
    • ValPenguin score 4/5
    • J.D. Power Customer Satisfaction Score 881
    State Farm is the largest auto insurance provider within the U.S. and possesses 16 percent of the total market share. Over 15percent of the dollars paid for private passenger premiums for automobiles across the U.S. is paid to State Farm.
    The company employs around 60,000 employees and boasts more than 19,000 agents. State Farm operates as a mutual insurance company, which means that it is owned by the policy holders.
    The largest and most widely accessible insurance companies on this listing, State Farm offered the lowest rates for car insurance in the majority of the U.S.
  2. Geico

We think Geico as one of the most reliable insurance providers for automobiles. Geico provides low rates, nationwide coverage and a hassle-free shopping experience.
• Average six-month premium: $390
• Share of market 13 percent
• The premiums that were written: $35.2 bn
• Rating by ValuePenguin 4/5
• J.D. Power’s customer satisfaction score 871

Geico is well-known for its ads that feature animated geckos, has been an underwriter for the more than 16 million car insurance policies that cover over 24 million cars. Geico’s size allows it to employ over 40000 people in nine regional offices as well as three service centers and three claims centers.
The initial customer base of Geico was made up from U.S. government employees and military personnel. The Geico’s customer base has grown to include individuals working in the private sector.
According to our analysis of the biggest auto insurance providers, Geico is the best insurance provider for students in college.

  1. Progressive

Progressive offers competitive rates for drivers who have had previous accidents. However, ratings on claims satisfaction as well as coverage choices are generally average.
• Average six-month premium: $394
• Share of market 14%
• Written Premiums: $32.3 bn
• Editor’s score from ValuePenguin 3/5
• J.D. Power’s customer satisfaction score 856
Progressive The third-largest insurance firm in the United States was founded in 1937. The company allows customers to purchase insurance for cars in person via the internet or over the phone. Customers can also join via independent insurance agents.
Progressive employs over 35,000 employees and has more than 400 offices. Progressive is an openly traded company.

  1. Allstate

Allstate typically has higher than average rating for claims satisfaction, however higher rates. The company does offer various discounts that make insurance more affordable for consumers.
• Average six-month premium: $624
• Part of the market 9 percent
• Written Premiums: $23.8 bn
• Editor’s Rating from ValuePenguin 3/5
• J.D. Power Customer Satisfaction Score 876

It was founded in 1931. Allstate is the second largest publicly traded property and casualty insurance firm in America. Like State Farm, Allstate has an extensive network of local agents available to meet your requirements. The company has more than 46,000 employees.
Esurance, which is a subsidiary of Allstate is operating within the same market. According to Allstate it is believed that the Esurance brand is designed for people who are brand-conscious and self-directed and Allstate is targeted at customers who value personal and local service.
In this top 10 list of insurance companies for cars, Allstate is our pick for best customer support.

  1. USAA
    USAA is among the most reputable auto insurance providers across the nation. If you satisfy their qualification criteria, you’ll get affordable rates, excellent customer service, and swift response to claims. The only drawback is the limited membership.
    • Average six-month premium: $223
    • Share of market of 6%
    • The premiums that were written: $15.2 bn
    • Editor’s Rating from ValuePenguin: 4.5/5
    • J.D. Power Customer Satisfaction Score 890
    USAA was established by 25 Army officials who sought to provide insurance for the vehicles of each other in 1922. Today, the company provides services to millions of people who are part of military personnel in the U.S. military, including veterans and current service members as well as the families of members and cadets and midshipmen.
    USAA is located at San Antonio. The length of the corporate campus covers three-quarters of an inch. USAA is the biggest private firm headquartered at San Antonio.
    Due to its focus on its focus on the U.S. armed forces, USAA is our top choice for the best and most affordable automobile insurance available to veterans and military personnel.
  2. Liberty Mutual

Liberty Mutual’s rates differ according to location higher than the average insurer and clients rate the process of settling claims as lower than average.
• Average six-month premium: $627
• Share of market 5 percent
• The premiums that are written: $12.1 bn
• Editor’s Rating from ValuePenguin: 3.5/5
• J.D. Power’s customer satisfaction score 867
Liberty Mutual is one of the largest insurance firms within the U.S. and has been in existence for more than 100 years. The company has the presence of Liberty Mutual in international markets -operating across 17 countries. Liberty Mutual is a global company that sells insurance for health, property and casualty and life insurance policies.
Liberty Mutual’s insurance for automobile services are accessible via their call centers, web site and the local Liberty Mutual agent or broker as well as representatives of its regional subsidiaries. A point to be noted about Liberty Mutual’s insurance includes the fact that premiums are guaranteed to last for the duration of a year.

  1. Farmers

Farmers provides good discounts, options for coverage and outstanding customer service. But Farmers’ low-cost prices may not be affordable for certain shoppers.
• Average six-month premium: $553
• Part of the market 4 percent
• Written Premiums: $10.7 bn
• Editor’s Rating from ValuePenguin 4/5
• J.D. Power’s customer satisfaction score 872
Farmers was originally an insurance firm that offered insurance for the vehicles of farmers. Since then, it has grown into the seventh largest insurance company in the United States.
It’s difficult to locate an insurance provider which offers more services than Farmers. It provides basic insurance for cars along with pet insurance, as well as investment products , among a range of other insurance options. Farmers employs more than 13,000 people who underwrite over 19 million insurance policies in 50 states.

  1. Nationwide
    Nationwide’s rating is lower than average in terms of pricing, and its client reviews tend to be negative. Nationwide offers the standard coverages and discounts that you would expect from a national insurance company.
    • Average six-month premium: $466
    • Share of market 3 percent
    • Written Premiums: $6.6 bn
    • Editor’s score from ValuePenguin: 3.5/5
    • J.D. Power’s customer satisfaction score 876
    Nationwide operates across a variety of sectors, which include commercial lines, and personal linesacross all fifty U.S. States. Nationwide has donated over $430 million to non-profit organizations since the year 2000.
    Nationwide is a company with a motto of “On Your Side” which influences the way the insurance company handles claims for autos, how they are dealt with as well as the way premiums and policies are set. Nationwide also recommends an annual health check-up to ensure the policyholders know their rights and obligations along with any the introduction of new discounts or adjustments to keep premiums consistent and the coverage sufficient. Nationwide refers to this as the “On You Side” Review.
    In this list of most reputable car insurance companies, Nationwide offers the best offers to customers who want to bundle automobile and home insurance.
  2. American Family

American Family is a solid choice for car insurance. The company has reasonable rates, and has an opportunity to become fantastic when policyholders take advantage of its numerous discounts.
• Average six-month premium: $387
• Share of market 2 percent
• Written Premiums: $5.8 bn
• ValuePenguin editor’s score 4/5
• J.D. Power Customer Satisfaction Score 862
American Family was established with the intention of the insurance of farmers. The 1930s saw the business increased its operations and began to concentrate on securing non-farmers, too. The company today is among the biggest insurance firms within the U.S., and the largest insurance company in market share within Wisconsin. Wisconsin.
The business is well-known for its large discount catalogue , which can make its already affordable rates cheaper to customers. But, American Family currently underwrites policies in only 17 states.

  1. Travelers

A moderately high rating for complaints and a range discount options make Travelers a great option for car insurance coverage.
• Average six-month premium: $623
• Share of market 2 percent
• The premiums that are written: $5.5 bn
• ValuePenguin editor’s score: 3.5/5
• J.D. Power’s customer satisfaction score 861
It’s more than 160-years old now, which makes Travelers one of the most seasoned insurance firms in operation in the present. Actually, Travelers issued its first auto insurance policy in 1897, long before when the Ford Model T was invented.
The company employs over 10,000 employees and 13,500 independent brokers and agents across multiple countries, which includes Brazil, the United States, Canada and Brazil.
In addition, Travelers offers an insurance rate-pricing program called IntelliDrive which calculates the rates you pay by analyzing your driving habits that are safe using the smartphone app. Inscribing yourself in IntelliDrive could cut the annual cost of insurance by up to 20% when you demonstrate excellent conduct.

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