The best auto insurance company doesn’t need to be the affordable one. There are nearly 6000 insurance companies in the USA but choosing the best one can be a challenging task for you so I have made a list of the top 10 auto insurance companies in the USA.
Many auto owners look for the most affordable vehicle insurance but many owners look for the best customer service and a very easy insurance claim process. You may have your criteria to choose the best but it is not an easy task for you to decide with whom you should go.
Best 10 Auto Insurance Companies In USA
Here is the list of the best auto insurance companies in the USA you are looking for. I am going to list companies not based on cheap but according to their security measures and easy claiming process. Hence you may find the costlier companies in the list.
- USAA
- State Farm
- Nationwide
- Geico
- Progressive
- American Family
- Travelers
- Farmers
- Allstate
- Liberty Mutual
1. USAA
After our research, we have found USAA to be the best auto insurance company. The customers from USAA like their customer support. An interesting story is associated with the insurance company. It was founded by 25 army officers because they decided to insure each other’s vehicles. It happened in the year 1922.
it started with a few friends but now they are serving millions of members who are related to the U.S. military. It includes a family of caders and service members.
2. State Farm
State Farm is one of the biggest auto insurance companies which serves almost 16% of the U.S. population. U.S. paid 15% to State Farm, money for the private passengers’ auto premiums. Approximately 60,000 employees work for this company and there are 19,000 agents in this company.
this company is owned by the policyholders as a mutual partnership. We have mentioned many auto insurance companies in this list but State Farm is the cheapest among them.
3. Nationwide
Nationwide does not only deal with auto insurance but it deals with financial services, personal lines, and commercial lines in ll the U.S. states. Its contribution to the nonprofit organizations since 2000 is $430 million.
It follows a motto that is “On your side” to handle insurance claims, premiums, and policies. It also recommends taking annual checkups. it ensures the policyholders understand the declarations and benefits. It also helps to keep the premium steady when any changes come.
4. Geico
It is very popular for its advertisements which has served more than 16 million auto policies including 24 million auto vehicles. It has nine branches and around 40,000 people work for this company. It also includes 3 service centers and 3 claim centers.
Its customers mainly belong to United States military personnel and government employees. It has expanded the military its customer base.
5. Progressive
Currently, Progressive Insurance Agency is the 3rd largest insurance company in the US. It has multiple resources in its hands. It offers various coverage options to customers for vehicles, boats, homes, and RVs. It is a money-saving plan in which a progressive program uses sensors to track the driving in real time and it also offers deals that help in safe driving.
The customer rating of progressive insurance company according to J.D Power ratings is average. It has received below-average ratings for its claims services.
| Headquarters: | Mayfield Village, Ohio |
| Average annual min coverage rate: | $582 |
| Market share percentage: | 13.30% |
| Bankrate Score: | 4.1 |
| Average annual full coverage rate: | $1,509 |
6. Allstate
Allstate Insurance is also a popular insurance company that is good at satisfying its customers. It is famous for offering auto, renters, home, and life insurance policies. Allstate’s rating according to the J.D. Power varies from different states. Its rating is above average in a few states and below average in other states.
| Headquarters: | Northbrook, Illinois |
| Market share percentage: | 9.11% |
| Bankrate Score: | 3.6 |
| Average annual full coverage rate: | $1,921 |
| Average annual min coverage rate: | $696 |
7. Travelers
Travelers provides standard auto insurance plan which secure your policies just like new car replacements, rental car average, and accidentals forgiveness. It helps you for savings and discounts that allow you to plan different things like getting new policy.
This company has received below average rating from J.D Power for claims service. It has received below average customer service satisfaction in different locations.
| Headquarters: | New York City, New York |
| Market share percentage: | 1.96% |
| Bankrate Score: | 4.5 |
| Average annual full coverage rate: | $1,325 |
| Average annual min coverage rate: | $469 |
8. Farmers Insurance
It also holds a big share in the auto insurance sector in the USA. It is famous for its robust insurance plans which consist of various features that are beneficial for the customers.
It offers a ridesharing policy that covers your policy when you work for a company like OLA, Uber, or Lyft. It also allows you to take OEM policy that will help you to get damaged vehicle parts from the original manufacturers. It has received above above-average rating from J.D Power for customer satisfaction.
It has recently expanded by purchasing the MetLife & Home. Customers who are associated with MetLife can see changes to different aspects, like policy options.
| Headquarters: | Los Angeles, California |
| Market share percentage: | 3.98% |
| Bankrate Score: | 3.8 |
| Average annual full coverage rate: | $2,000 |
| Average annual minimum coverage rate: | $808 |
9. American Family
American family is also referred to as AmFam which provides facility policies for health, home, auto, travel, theft insurance, and identity. For customer’s better facilities, they provide an app to get provide features to the customers. These features include easy bill paying and a Teen Safe Driving program.
| Headquarters: | Madison, Wisconsin |
| Market share percentage: | 2.07% |
| Bankrate Score: | 3.7 |
| Average annual full coverage rate: | $1,911 |
| Average annual minimum coverage rate: | $918 |
10. Liberty Mutual
Liberty Mutual provides every kind of insurance policy so you can purchase any kind of policy through this company. Purchasing policy from this company is very easy which also provides different policy bundles.
It provides 17 different discounts for car insurance which has been featured on their website. Libert mutual rating from J.D. Power varies from state to state. You can ask for the customer’s satisfaction rating by calling them.
| Headquarters: | Boston, Massachusetts |
| Market share percentage: | 4.75% |
| Bankrate Score: | 3.9 |
Conclusion
Car owners look for the safety of their vehicles so they search for an insurance company that is supportive to customers and the claim process should be easy. Therefore we have shared an article about the top 10 best auto insurance companies in the USA. If you like this post please support us by sharing this article with the needful person too.
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