The Top Car Insurance Companies in the U.S. that you need to know. Due to the recent advancements in car technology, vehicles are worth much more than they were years ago.
In fact, according to Kelley Blue Book, the average cost of owning a new car today is just over $8,000 per year, not including gasoline and insurance.
That’s why it’s so important to shop around and find the right car insurance company that will provide you with quality service and affordable rates without scrimping on your coverage needs.
The Top 10 Car Insurance Companies in the U.S.
If you’re unsure where to start your search, this list of top car insurance companies can help you out with that.
State Farm
Founded in 1922 by former farmer George J. Mecherle, State Farm is one of America’s largest and most trusted auto insurance companies, with more than 12 million customers and $115 billion under management.
It should come as no surprise that State Farm was named Best Car Insurance Company by J.D.
Progressive
Progressive is an established brand name and often gets top ratings for customer service and satisfaction with its offerings (which are not limited to car insurance).
Progressive is a popular choice among consumers who have many cars, but it’s just as appealing to those who do not.
The company has outstanding financial stability, thanks to its reputation for paying out claims without much hassle or delay. One of our panelists even told us that Progressive was her first call when she moved out of state because she knew they would offer good rates and quality coverage.
Allstate
It’s great to be in third place among top car insurance companies, as Allstate offers their customers premium protection and claim service through independent agents across America.
The company has offered policies since 1931, which means they are a long-standing leader on our list of top car insurance companies.
If you live near a populated area or major metropolitan area, Allstate is likely one of your best choices for auto coverage and claims service. Make sure you check out their social media channels before making your decision on any specific agent!
Farmers
Farmers offers affordable insurance options for drivers with clean driving records and good credit scores—which is one of two key factors that determine how much you’ll pay for auto insurance. Farmers will give you a free quote online at their website, and if you opt to enroll, they’ll charge your card monthly.
GEICO
With over 15 million customers and over 1,000 branches across America, GEICO has a reputation for providing excellent customer service to its members. If you want some of the cheapest car insurance rates around, then you might want to consider choosing GEICO as your provider.
Nationwide
Nationwide is one of America’s largest insurance providers with over 37 million customers, which helps it get some of the best car insurance rates on a national level.
Its claim-paying process has been shown to be faster than its competitors, and it’s also an American company that insures all 50 states—all good signs of a quality carrier.
Liberty Mutual
Liberty Mutual has a wide range of coverage available and is well known for offering more insurance options for drivers than most other insurance companies.
In addition to providing you with plenty of opportunities to save money, Liberty Mutual also offers a 24/7 customer service hotline that can help answer any questions or concerns you may have about your policy or car insurance in general.
Erie Insurance Group
A family-owned business founded in 1890, Erie Insurance is one of America’s leading auto insurers with operations throughout Pennsylvania, Ohio, Indiana, New York and Kentucky. It is also a top insurer of home and condo insurance policies with more than 500 agents working out of 30 regional offices.
American Family Insurance Group
While not well-known nationally, the American Family Insurance Group is still one of America’s top insurance providers with over $8 billion dollars in revenue and over 1,600 employees. The company offers commercial and personal insurance products including auto, property/casualty, life/health, retirement services and annuities to customers through a network of more than 4,300 independent agents and brokers across all 50 states.
Amica Mutual Group
Amica Mutual Group is a mutual company that offers several types of insurance and financial services to customers. Founded in 1863, Amica Mutual Group is one of America’s oldest mutual companies and is headquartered in Lincoln, Rhode Island.