largest auto insurance Best auto insurance companies

Top 10 Largest Auto Insurance Companies in the U.S.

Are you in the market for auto insurance, but you’re not sure which provider is best? Looking at the most popular insurers is a great place to start. Did you know that the 10 largest auto insurance providers in the U.S. account for over 70% of the market? Read on to find out which companies are leading the pack and what you should know about each of them.

Which are the top 10 largest auto insurance companies in the U.S?

Below are the 10 top largest auto insurance companies in the U.S. ranked by direct premiums written.

RankGroup/companyDirect premiums (billion $)Market share
1State Farm Mutual Automobile Insurance$41.9617.00%
2Berkshire Hathaway Inc. (Geico)$33.0113.40%
3Progressive Corp.$27.0611.00%
4Allstate Corp.$22.669.20%
5USAA Insurance Group$14.475.90%
6Liberty Mutual$11.784.30%
7Farmers Insurance Group of Companies$10.504.30%
8Nationwide Mutual Group$6.732.70%
9American Family Insurance Group$4.982.00%
10Travelers Companies, Inc.$4.701.90%

Source: NAIC data, sourced from S and P Global Market Intelligence, Insurance Information Institute.

Let’s take a closer look at each company and what they have to offer.

1. State Farm Mutual Automobile Insurance

The number one auto and homeowners insurer in the country is State Farm, a group of companies offering property-casualty insurance. Accordingly, the company has a long history of high financial strength and reliability.

  • Direct premiums written: $41.9 billion.
  • Market share: 17%.
  • Service area: All 50 states and Washington D.C.
  • Founded: 1922.

Auto insurance overview:

State Farm offers a comprehensive lineup of coverage options, an easy claim process, a variety of discounts, and quality customer service. Plus, it offers its customers the Select Service Program, a network of trusted auto repairers. Although the cost is on the higher end, discounts are often available.

You can get a quote online or can contact one of the 18,000 agents nationwide.

Read full review.

2. Berkshire Hathaway Inc. (Geico)

Berkshire Hathaway Inc. is a holding company that owns 61 subsidiary companies including Geico, Duracell, Fruit of the Loom, and more. Geico is arguably the most critical to the company’s success and offers auto, home, renters, motorcycle, and boat insurance, among others.

  • Direct premiums written: $33 billion.
  • Market share: 13%..
  • Service area: All 50 states and Washington D.C.
  • Founded: 1936.

Auto insurance overview:

Over the past five years, Geico’s memorable advertising campaigns and competitive rates increased voluntary policies-in-force by approximately 35%. The company differentiates itself with its competitive rates and a focus on customer satisfaction.

Geico provides its policyholders with locally available agents, digital claims reporting, generous policy discounts, many types of coverage, and a mechanical/auto body repair network. However, their rates may be more expensive than competitors for those with recent at-fault accidents.

Read full review.

3. Progressive Corp.

The Progressive Corporation owns insurance and non-insurance subsidiaries, including the Progressive Group of insurance companies. The Personal Line segment writes insurance for personal and recreational autos through over 35,000 independent insurance agencies and directly.

  • Direct premiums written: $27 billion.
  • Market share: 11%.
  • Service area: All 50 states and Washington D.C.
  • Founded: 1937.

Auto insurance overview:

Progressive auto policies offer several types of coverage, digital claims reporting, discounts, and competitive rates for drivers with past at-fault accidents. However, the company does not offer free policy cancellation, travel expenses/trip interruption coverage, or local agents. Further, many customers complain about difficulty during the claims process. Overall, our community does not recommend it.

Read full review.

4. Allstate Corp.

Allstate offers a variety of insurance policies through several brands. While best known for car insurance, it also offers home, life, and business insurance. Its brands include Allstate, Encompass, SquareTrade, Esurance, and Answer Financial.

  • Direct premiums written: $22.7 billion.
  • Market share: 9%.
  • Service area: All 50 states and Washington D.C.
  • Founded: 1931.

Auto insurance overview:

Allstate is a leader in using innovative tech into its auto insurance offerings. It was the first major auto insurer to create a mobile app that provides customers with insights into their driving behaviors while rewarding them for good driving. As for its policies, Allstate offers all of the usual coverage options and discounts.

One standout Allstate offer is a six-month credit on your premium if you are unhappy with how they handled a claim. When it comes to customer satisfaction, Allstate ranks about average, and SuperMoney’s community mostly recommends their coverage overall.

Read full review.

5. USAA Insurance Group

The United Services Automobile Association (USAA) is a diversified financial services group of companies. It offers home, life, and auto insurance, along with investment and online banking services. However, USAA offerings are only available to active military members, veterans, and their family members.

  • Direct premiums written: $14.5 billion.
  • Market share: 6%.
  • Service area: All 50 states and Washington D.C.
  • Founded: 1922.

Auto insurance overview:

USAA ranks among the highest in customer satisfaction, offers all the standard auto coverage options, features, and discounts, plus the option for accident forgiveness. However, remember that you can only take out a USAA policy if you are a current or former member of the military (or if you have one in your immediate family).

Read full review.

6. Liberty Mutual

Liberty Mutual is a diversified global insurer and the third-largest property-casualty insurer in the U.S. It specializes in car, home, and life insurance.

  • Direct premiums written: $11.8 billion.
  • Market share: 5%.
  • Service area: All 50 states and Washington D.C.
  • Founded: 1912.

Auto insurance overview:

Liberty Mutual’s auto insurance policies come with all the standard coverage options. However, you can add additional optional coverage options, like accident forgiveness, new car replacement, better car replacement, or a deductible fund.

There’s also a special free coverage option for teachers. If you’re a teacher with a Liberty Mutual insurance policy, you get vandalism protection and a deductible waiver for damage to your car while working or at school. Plus, they’ll provide up to $2,500 in personal property coverage while you’re at work/school.

When it comes to customer satisfaction, Liberty Mutual ranks about average — our community mostly recommends it.

Read full review.

7. Farmers Insurance Group of Companies

Farmers Insurance Group is a group of companies which offer insurance and financial services. Their insurance offerings include auto, home, life, business, recreational, motorcycle, umbrella, financial, pet, and renters policies. Outside of insurance, they also offer annuities and mutual funds.

  • Direct premiums written: $10.5 billion.
  • Market share: 4%.
  • Service area: All 50 states and Washington D.C.
  • Founded: 1928.

Auto insurance overview:

Farmers auto insurance has all the standard coverage options plus add-ons like new car replacement, loss of use, accident forgiveness, customized equipment coverage, rideshare insurance, etc. Plus, Farmers has a helpful website and mobile app where you can manage your account.

As for customer satisfaction, it ranks better than most, and is strongly recommended by the SuperMoney community.

Read full review.

8. Nationwide Mutual Group

Nationwide Mutual Insurance Company and its affiliated companies are a group of large U.S. insurance and financial service organizations. Offerings include vehicle, property, and life insurance, among others. Additionally, their financial services include investments, retirement, banking, loans, life, and planning.

  • Direct premiums written: $6.7 billion.
  • Market share: 3%.
  • Service area: 46 states and Washington D.C. (not Alaska, Hawaii, Louisiana, and Massachusetts).
  • Founded: 1926.

Auto insurance overview:

Nationwide’s auto insurance policies offer all of the standard coverage plus a vanishing deductible program, accident forgiveness, SmartRide driver tracking and rewards, and yearly policy reviews.

The company’s claims satisfaction is about average, and our community strongly recommends the coverage overall. Plus, if you’re looking to get all your insurance policies and financial services in one place, Nationwide’s wide variety of offerings can be a convenient one-stop-shop.

Read full review.

9. American Family Insurance Group

American Family Insurance (AmFam) is a private mutual company. It offers business and personal insurance coverage for autos, homes, offices, and life.

  • Direct premiums written: $4.9 billion.
  • Market share: 2%.
  • Service area: 19 states.
  • Founded: 1927.

Auto insurance overview:

AmFam’s auto insurance includes standard coverage plus the option to add gap insurance, ridesharing insurance, and accidental death and dismemberment coverage. When it comes to claims satisfaction, the company ranks about average. However, the SuperMoney community does not recommend AmFam’s coverage overall.

Read the full review.

10. Travelers Companies Inc.

Last but not least, Travelers offers many types of insurance for individuals and businesses. Personal policies are available for cars, homes, rental homes, condos, boat, yachts, and more. Being so, it may be a good company for you if you want multiple personal insurance products from one provider.

  • Direct premiums written: $4.7 billion.
  • Market share: 2%.
  • Service area: All 50 states and Washington D.C.
  • Founded: 1853.

Auto insurance overview:

Travelers’ auto insurance provides all the standard options, plus add-ons like ridesharing insurance, gap insurance, IntelliDrive, accident forgiveness, and new car replacement. Also, their website and mobile app let you conveniently manage your account, track claims, and more. Plus, if you have a device that uses Amazon’s Alexa, you can use it to manage the account.

Claims satisfaction is about average, although the SuperMoney community does not recommend the company overall.

Read full review.

Who is the largest auto insurer in the United States?

The auto insurer with the largest market share at the time of publishing is State Farm Mutual Automobile Insurance.

Who is the top-rated insurance company?

There are several insurance rating agencies and each one has its own policies and guidelines. These ratings can change at any time. SuperMoney provides a composite rating based on available data and you can also check customer satisfaction ratings. USAA auto insurance and esurance are two examples of companies with excellent financial and customer satisfaction ratings.

How can you find the best auto insurance company for your needs?

If you’re looking for the car insurance company that will offer you the most value, vetting the nation’s largest auto insurance companies is a good place to start. Most auto insurance coverage options are pretty similar. However, you may find that niche auto insurance companies, such as those that focus on members of the military provide better value. To find the best value, compare the add-on coverage options and features, financial strength ratings, the costs of premiums and deductibles, the quality of service, and the other types of insurance or service offered.

Ready to start shopping? SuperMoney makes it easy. Review auto insurance companies side-by-side here.