Top Auto Insurance Providers [2024]
The top 10 auto insurance companies in the USA include State Farm, GEICO, Progressive, Allstate, USAA, Liberty Mutual, Farmers, Nationwide, Travelers, and American Family. State Farm is the top auto insurance company in many states. When you're choosing from the top 10 auto insurance companies in the USA, make sure you compare rates from multiple companies and find one that fits your needs.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: Mar 5, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Mar 5, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The top 10 auto insurance companies in the United States include State Farm, Geico, Progressive, Allstate, USAA, Liberty Mutual, Farmers, Nationwide, Travelers, and American Family
- State Farm is the top choice for auto insurance in many states
- To find the best auto insurance company for you, compare quotes from multiple companies and search for one with features that are most important to you
Shopping for auto insurance can be an overwhelming task with numerous options. However, choosing from some of the largest auto insurance companies may be the logical choice since you are likely to hear of them more often and, therefore, gain more opinions from existing customers.
So, what are the top 10 best auto insurance companies in the United States? Please read more below to determine what makes each company one of the most popular auto insurance options.
Enter your ZIP code into our free quote comparison tool above to find affordable auto insurance from some of the top auto insurance companies in the United States.
What are the top 10 auto insurance companies in the USA?
Let’s begin by taking a look at the top 10 auto insurance companies in the USA:
Top 10 U.S. Auto Insurance Companies by Market Share and A.M. Best Ratings
| Rank | Companies | Direct Premiums Written | Loss Ratios | Market Shares | A.M. Best Ratings |
|---|---|---|---|---|---|
| 1 | State Farm | $41,963,578,000 | 63 | 17.01 | A++ (Superior) |
| 2 | Geico | $33,075,434,000 | 71 | 13.41 | A++ (Superior) |
| 3 | Progressive | $27,058,768,000 | 62 | 10.97 | A+ (Superior) |
| 4 | Allstate | $22,663,214,000 | 56 | 9.19 | A+ (Superior) |
| 5 | USAA | $14,467,936,000 | 77 | 5.87 | A++ (Superior) |
| 6 | Liberty Mutual | $11,776,654,000 | 62 | 4.77 | A (Excellent) |
| 7 | Farmers | $10,496,476,000 | 61 | 4.26 | A (Excellent) |
| 8 | Nationwide | $6,726,799,000 | 58 | 2.73 | A+ (Superior) |
| 9 | Travelers | $4,697,743,000 | 60 | 1.9 | A++ (Superior) |
| 10 | American Family | $4,687,909,000 | 69 | 1.9 | A (Excellent) |
Most, if not all, of the auto insurance companies listed above are recognizable, due to their advertising and number of customers. However, each state also has a top auto insurance company, which may be more acknowledged than others. Below is a list of the leading auto insurance companies by state:
Top Auto Insurance Company by State
| State | Top Auto Insurance Company |
|---|---|
| Alabama | State Farm |
| Alaska | State Farm |
| Arizona | Geico |
| Arkansas | State Farm |
| California | State Farm |
| Colorado | State Farm |
| Connecticut | Geico |
| Delaware | State Farm |
| Florida | Geico |
| Georgia | State Farm |
| Hawaii | Geico |
| Idaho | State Farm |
| Illinois | State Farm |
| Indiana | State Farm |
| Iowa | Progressive |
| Kansas | Progressive |
| Kentucky | State Farm |
| Louisiana | State Farm |
| Maine | Progressive |
| Maryland | Geico |
| Massachusetts | MAPFRE |
| Michigan | Progressive |
| Minnesota | Progressive |
| Mississippi | State Farm |
| Missouri | State Farm |
| Montana | State Farm |
| Nebraska | Progressive |
| Nevada | Geico |
| New Hampshire | Progressive |
| New Jersey | Geico |
| New Mexico | State Farm |
| New York | Geico |
| North Carolina | Allstate |
| North Dakota | Progressive |
| Ohio | Progressive |
| Oklahoma | State Farm |
| Oregon | Progressive |
| Pennsylvania | State Farm |
| Rhode Island | Progressive |
| South Carolina | State Farm |
| South Dakota | Progressive |
| Tennessee | State Farm |
| Texas | Progressive |
| Utah | State Farm |
| Vermont | Progressive |
| Virginia | Geico |
| Washington | State Farm |
| West Virginia | State Farm |
| Wisconsin | Progressive |
| Wyoming | State Farm |
Read more: Mapfre Insurance Company Review
State Farm is favored in many states, which accounts for its #1 spot in the top 10 list of insurance companies in the USA.
Read on below to find out more about each company.
1. State Farm
Overall, State Farm auto insurance is great for those who desire a personalized experience with a local agent. State Farm owned approximately 16% of the available auto insurance market share in 2020, with approximately 15% of auto insurance dollars spent with State Farm.
State Farm provides affordable rates. For example, the average annual premium is $1,310. The company was often the most affordable option in any given state.
2. Geico
Geico is one of the most affordable auto insurance companies. In addition, it is available throughout the country. When Geico was first founded, it provided insurance to government employees (Geico stands for Government Employee Insurance Company), but now it serves the general public.
The average annual premium from Geico auto insurance is $1,917. However, college students may take advantage of Geico’s low rates and discounts targeted toward young adults.
3. Progressive
Progressive auto insurance was founded in 1937. It allows customers to purchase insurance online, over the phone, or in person with an agent. The average annual premium from Progressive is $2,036, and the company offers reasonable rates for individuals who have been involved in an accident.
That said, claims satisfaction and product availability are average compared to other companies.
Read more:
- Progressive Direct Insurance Company Review
- Progressive West Insurance Company: Customer Ratings & Reviews
4. Allstate
Allstate’s auto insurance rates are slightly higher than its competitors. However, it does have higher-than-average claims satisfaction rates, and it offers various discounts to help customers save on their policies. The average annual premium from Allstate is $2,349.
Allstate auto insurance has local agents throughout the United States. In addition, Allstate is the parent company of Esurance.
5. USAA
USAA is an excellent auto insurance company due to superior customer service, affordable rates, and fast claims processing. However, you can only join if you are a military member or a relative.
USAA was founded by 25 Army officers who worked together to insure each others’ vehicles and has since expanded to provide coverage for millions of military members.
The average annual premium for USAA auto insurance is $1,170.
6. Liberty Mutual
Liberty Mutual provides affordable auto insurance, but its rates vary more by location than other companies. The average annual premium for Liberty Mutual auto insurance is $1,254.
Liberty Mutual allows customers to purchase insurance over the phone, online, or in-person with a representative or agent. However, Liberty Mutual auto insurance does have lower-than-average claims satisfaction ratings.
7. Farmers
Farmers auto insurance was founded as a company to insure farming vehicles. However, it has since expanded to a much larger company with various insurance products, including pet insurance and investment products.
Farmers have excellent customer service and several discounts to help save you money, but its rates may be higher than other options. The average annual premium for Farmers is $2,521.
8. Nationwide
Nationwide has slightly higher rates than its competitors. The average annual premium for Nationwide is $2,127. In addition, its coverages and discounts are standard compared to other large companies. However, its bundling rates for home and auto are some of the best in the industry.
Nationwide auto insurance emphasizes its annual “On Your Side” reviews to ensure that you receive accurate rates with the discounts you deserve.
9. Travelers
Travelers auto insurance issued its first auto insurance policy in 1897, making it one of the oldest insurance companies in the United States. In addition, Travelers provides various discounts to help its customers save. The average annual premium for Travelers is $2,148.
Travelers provides a usage-based insurance (UBI) program called IntelliDrive that allows drivers to save up to 20% for safe driving habits.
10. American Family
American Family auto insurance has excellent rates with discounts that make them even better. The average annual premium for American Family is $1,755. Initially founded to provide insurance for farmers, the company expanded its customer base in the 1930s.
Although American Family has its benefits, it solely provides its products in 17 states. Explore further insights into the American Family auto insurance.
Read more:
- Allstate Auto Insurance Review
- American States Insurance Company: Customer Ratings & Reviews
- American Standard Insurance Company of Wisconsin Review
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What is the best auto insurance company?
The best car insurance company will vary widely depending on your specific situation. You should shop around and compare options to ensure that you receive the best rates and personalized coverage. Start by obtaining auto insurance quotes from at least three different companies, including national and regional options.
Ensure that you select an auto insurance company with the features you need. For example, if you’re a college student, you may want to find a company that provides discounts for good students and young adults. Or, if you are worried that your car might break down, consider finding a company that offers roadside assistance. (For more information, read our “Top Auto Insurance Provider for Millennials“).
Want to compare auto insurance rates from some of the top auto insurance companies in the United States? Enter your ZIP code into our free quote comparison tool below.
Frequently Asked Questions
What are the top auto insurance providers?
The top auto insurance providers may vary depending on factors such as location, customer preferences, and specific needs. However, some of the well-known and reputable insurance companies include State Farm, GEICO, Progressive, Allstate, and USAA.
What factors should I consider when choosing an auto insurance provider?
When choosing an auto insurance provider, consider factors such as coverage options, customer service reputation, financial stability, pricing, discounts offered, claims handling process, and customer reviews. It’s important to find a provider that aligns with your specific needs and offers reliable support.
How can I determine the financial stability of an insurance provider?
To determine the financial stability of an insurance provider, you can refer to independent rating agencies such as A.M. Best, Standard & Poor’s, and Moody’s. These agencies assess the financial strength and creditworthiness of insurance companies, providing ratings that can give you an idea of their stability.
Do these top auto insurance providers offer discounts?
Yes, most top auto insurance providers offer various discounts to their policyholders. Common discounts include safe driving discounts, multi-policy discounts, multi-vehicle discounts, good student discounts, and discounts for safety features in your vehicle. It’s advisable to check with each provider to see which discounts they offer.
Can I customize my auto insurance coverage with these top providers?
Yes, many of the top auto insurance providers offer customizable coverage options to meet your specific needs. You can typically choose from various types of coverage, including liability, collision, comprehensive, uninsured/underinsured motorist, personal injury protection, and more. You can work with the insurance provider to select the appropriate coverage levels.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.