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List of car insurance companies
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The best car insurance company likely depends on your specific needs. However, it can be challenging to know where to start when there are dozens of companies to choose from. Bankrate's insurance editorial team — which includes licensed agents with decades of combined industry experience — curated this list of car insurance companies you may want to explore during your shopping journey.
List of auto insurance providers
Although large insurance companies may be household names, that doesn’t necessarily mean you should forgo exploring smaller, regional carriers. The list below presents a wide array of large and small insurance companies that may be worth contacting for a free quote.
What are the 10 largest auto insurers?
Although there are thousands of auto insurance providers operating in the U.S., a handful of the largest car insurance companies dominate the market.
The following list includes the top 10 U.S. auto carriers by market share, according to the National Association of Insurance Commissioners (NAIC). These carriers write about 77 percent of the nation’s auto insurance coverage:
- State Farm: 16.8%
- Progressive: 14.0%
- Geico: 13.8%
- Allstate: 10.7%
- USAA: 5.9%
- Liberty Mutual: 5.0%
- Farmers: 4.6%
- Travelers: 2.1%
- American Family: 2.1%
- Nationwide: 2.0%
So how do the largest auto insurance carriers compare to each other? Each has its own advantages, and the best insurer for one person may not be the best for another. We’ve broken down some of the key information for each insurance carrier.
In addition to market share percentage and average rates, we've included each carrier's Bankrate Score in their description below. For context, Bankrate’s insurance editorial team analyzed each insurer’s average premiums from Quadrant Information Services, coverage options, discounts, financial strength ratings and customer service scores. With this information, we assigned a Bankrate Score to each insurer. The Scores are out of 5.0 points. The higher the Bankrate Score, the higher a provider ranked in each of the individual scoring categories.
How to choose the right auto insurance provider
When shopping for car insurance, you may want to follow a few guidelines to help you find the best coverage for the best price.
- Shop around. Insurance professionals typically recommend you get quotes from a minimum of three insurers, which may allow you to compare rates, coverage options and discounts to find the best and most cost-effective carrier for your needs.
- Ask about discounts. Most insurance carriers offer discounts that you can qualify for to obtain additional savings. Ask potential insurers which ones might help you save on your premium.
- Consider your coverage needs. Your car insurance rates will vary based on your personal rating factors and selected coverage types. If you've recently experienced a significant life change, like purchasing a new vehicle or adding a teen driver to your policy, it might be a good time to evaluate your coverage needs and compare quotes to ensure you're still getting the right coverage at the best price.
- Bundle your policies. Most carriers that write several lines of insurance offer discounts to policyholders that bundle or purchase more than one policy type with them.
- Review financial strength ratings. You can check an insurer’s financial strength rating with third parties like AM Best, Moody’s and Standard & Poor’s. These organizations analyze historical data to review an insurer’s ongoing financial strength. A low rating could indicate that a carrier may not be able to pay out claims if it is inundated with a large amount of losses after a major event, like a hurricane.
- Research customer service reviews. Third parties like J.D. Power publish studies that rank insurance providers based on customer service satisfaction, claims service satisfaction and overall customer experience.
Frequently asked questions
Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.