List of car insurance companies

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With nearly 6,000 insurance companies serving consumers across the U.S., according to the Insurance Information Institute (Triple-I), choosing the best auto insurance coverage for you can be a daunting experience. Some drivers may be looking for the most affordable car insurance, while others might be in search of strong customer service, an easy claims filing process and user-friendly mobile apps. Whatever your preference, you may have a hard time determining which company best fits your needs.

To help you find the best car insurance for you, Bankrate insurance’s editorial team researched average premiums, coverage options, discount offerings and third-party customer service scores and financial strength rankings. In addition to referencing our guide, you may want to generate quotes from the following auto insurers to get a feel for how much you would pay.

List of auto insurance providers

When shopping for auto insurance, your first step may be to identify what factors matter most to you in a company, like digital tools, J.D. Power ratings, financial strength ratings or specialty coverages. From there, you can create a list of car insurance companies that meet your needs. Getting quotes from several providers could help you find the carrier that offers the right coverage for you at the right price. The following includes national and regional auto insurance companies that Bankrate analyzed as potentially good options for drivers across the U.S.:

What are the 10 largest auto insurers?

Although there are thousands of auto insurance companies operating in the U.S., a handful of the largest car insurance companies dominate the market.

Bankrate’s insurance editorial team analyzed each company’s average minimum and full coverage premiums from Quadrant Information Services, coverages, discounts, financial strength ratings and customer service scores. With this information, we assigned a Bankrate Score to each company. The scores are out of a 5.0 scale. The higher the Bankrate Score, the higher a company ranked in each of the individual scoring categories.

The following list of insurers demonstrates how the top 10 U.S. auto carriers write about 75% of the nation’s auto insurance coverage (ranked by market share):

  • State Farm: 16.2%
  • Geico: 13.6%
  • Progressive: 13.3%
  • Allstate: 9.1%
  • USAA: 6.3%
  • Liberty Mutual: 4.8%
  • Farmers: 4.0%
  • Nationwide: 2.3%
  • American Family: 2.1%
  • Travelers: 2.0%

So how do these car insurance companies compare? Each has its own advantages, and the best insurer for one person may not be the best for another.

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State Farm

  • Headquarters: Bloomington, Illinois
  • Market share: 16.2%
  • Average annual full coverage premium: $1,457
  • Average annual minimum coverage premium: $539
  • Bankrate Score: 4.4

State Farm is the nation’s largest insurer of personal autos. The company offers numerous lines of insurance, banking products and loans, which are available through a network of local State Farm agents across the U.S. If you are in the market for insurance and banking services, State Farm is worth consideration.

State Farm’s overall customer satisfaction ratings from J.D. Power are mostly average. However, the company did earn an above-industry-average score for claims service. This indicates that customers are often satisfied with how State Farm handles claims in the event of a loss. State Farm boasts a strong balance sheet and carries an A++ (Superior) financial strength rating from AM Best.

Standout feature:

State Farm has 19,000 local agents and 58,000 employees, making it easy to find help with your policy in your area.

Learn more: State Farm Insurance review

 

Geico

  • Headquarters: Chevy Chase, Maryland
  • Market share: 13.6%
  • Average annual full coverage premium: $1,405
  • Average annual minimum coverage premium: $433
  • Bankrate Score: 4.6

Geico is the nation’s second largest auto insurance writer and insures more than 28 million vehicles. Its slogan, “15 minutes could save you 15% or more on car insurance,” is especially memorable when paired with its commercials featuring the Geico Gecko.

Geico’s customer satisfaction ratings from J.D. Power are impressive — the insurer earned first place honors in customer satisfaction in the Northwest, North Central and Southwest regions. This demonstrates that customers are generally satisfied with Geico’s customer service. As a wholly owned subsidiary of Berkshire Hathaway Inc., Geico carries an A++ (Superior) financial strength rating from AM Best.

Standout feature:

Geico’s user-friendly app for Android and Apple iOS operating systems makes it easy to view your policy, get quotes and file claims on your smartphone from wherever you are.

Learn more: Geico Insurance review

 

Progressive

  • Headquarters: Mayfield Village, Ohio
  • Market share: 13.3%
  • Average annual full coverage premium: $1,509
  • Average annual minimum coverage premium: $582
  • Bankrate Score: 4.1

Progressive is the third-largest car insurance company in the U.S. With so many resources at its fingertips, the company offers a wide range of coverage options for your vehicle, home, boats and RVs. If you’re looking to save money, the innovative Progressive Snapshot usage-based telematics program uses sensors to track your driving in real time and offers lower rates for safe driving.

However, keep in mind that Progressive’s J.D. Power customer satisfaction scores are mostly average and it received a below-average ranking for claims service. Progressive is fiscally sound and maintains an A+ (Superior) financial strength rating from AM Best.

Standout feature:

Progressive offers both standard and nonstandard car insurance. If you have accidents, tickets or DUI convictions and find it difficult to find auto coverage, Progressive may be able to help.

Learn more: Progressive Insurance review

 

Allstate

  • Headquarters: Northbrook, Illinois
  • Market share: 9.1%
  • Average annual full coverage premium: $1,921
  • Average annual minimum coverage premium: $696
  • Bankrate Score: 3.6

By offering auto, home, renters and life insurance coverage, Allstate makes it easy to bundle multiple insurance types and earn a premium discount.

Allstate’s customer satisfaction scores from J.D. Power vary according to where you are located — it ranks above average in some regions but below average in others. If you are considering a quote from Allstate, you may want to review your region’s specific reviews first. Allstate carries an A+ (Superior) financial strength rating from AM Best.

Standout feature:

Allstate’s usage-based Drivewise telematics program can generate a 40% discount if you maintain good driving habits. Drivewise participants can also earn rewards points, which they can redeem for car rentals, magazine subscriptions, gift cards and merchandise.

Learn more: Allstate Insurance review

 

USAA

  • Headquarters: San Antonio, Texas
  • Market share: 6.3%
  • Average annual full coverage premium: $1,225
  • Average annual minimum coverage premium: $384
  • Bankrate Score: 4.8

Exclusively an insurer for the military community, USAA offers heavily discounted auto coverage to active-duty service members, veterans and family members with an average annual savings of $725 when you switch. USAA is the fifth largest auto insurer in the U.S.

USAA consistently received high customer service scores with J.D. Power, although the company is not eligible for official ranking due to its eligibility restrictions. Like several other industry leaders Bankrate analyzed, USAA maintains the highest level financial strength rating from AM Best: A++ (Superior).

Standout feature:

For military members who are deployed, USAA offers vehicle storage options and convenient payment schedules.

Learn more: USAA Insurance review

 

Liberty Mutual

  • Headquarters: Boston, Massachusetts
  • Market share: 4.8%
  • Bankrate Score: 3.9

You can purchase insurance coverage for just about anything through Liberty Mutual, from your home to your boat to your pets. The company’s auto insurance policies are easy to purchase, manage and bundle with other Liberty Mutual policies. Bundling is not the only way to save. Liberty Mutual lists 17 different auto discounts on its website to help customers get the best price on their car insurance.

Like Allstate, Liberty Mutual’s J.D. Power customer satisfaction scores vary by region. You may want to research customer satisfaction results in your area if you get a quote from this company. Liberty Mutual carries an A (Excellent) financial strength rating from AM Best.

Standout feature:

Liberty Mutual’s Better Car Replacement program will replace your totaled vehicle with a model one year newer with up to 15,000 fewer miles than your insured vehicle.

Learn more: Liberty Mutual Insurance review

 

Farmers

  • Headquarters: Los Angeles, California
  • Market share: 4.0%
  • Average annual full coverage premium: $2,000
  • Average annual minimum coverage premium: $808
  • Bankrate Score: 3.8

As the seventh-largest auto insurer in the U.S., Farmers offers robust coverage, with a long list of unique features. For example, you can purchase ridesharing coverage if you drive for a transportation providers like Uber or Lyft. You may also be able to purchase OEM coverage, which will source original manufacturer parts for your vehicle if it is damaged. Farmers received an above-average ranking for claims satisfaction from J.D. Power. The company carries an A- (Excellent) financial strength rating from AM Best.

Farmers Group recently completed its acquisition of MetLife’s property and casualty business, MetLife Auto & Home. Drivers currently insured with MetLife may begin to see changes to the branding on their policies, and different coverage options or discounts may become available as the companies merge.

Standout feature:

If you have recently purchased a new car, you may want to consider Farmers’ New Car Replacement Coverage. This optional coverage is designed to replace your totaled car with a brand new model, as long as your vehicle is less than two years old and has fewer than 24,000 miles.

Learn more: Farmers Insurance review

 

Nationwide

  • Headquarters: Columbus, Ohio
  • Market share: 2.3%
  • Average annual full coverage premium: $1,485
  • Average annual minimum coverage premium: $501
  • Bankrate Score: 4.3

Nationwide offers full lines of personal and commercial insurance products. Nationwide provides all the essentials in its auto policies, as well as optional coverages like towing, rental car coverage and gap coverage, which is designed to pay for the difference between your car’s value and what you owe on the lease or loan if your vehicle is totaled.

Like several other major auto insurers, Nationwide’s J.D. Power scores also fluctuate by region, but the company did receive an above-industry-average score for claims service. Nationwide is fiscally strong and maintains a A+ (Superior) financial strength rating from AM Best.

Standout feature:

Through Nationwide’s Vanishing Deductible program, you can potentially earn $100 off your collision and/or comprehensive deductible for each year you practice safe driving, up to a maximum of $500. Depending on what coverages are included in your policy, this could effectively eliminate your entire deductible.

Learn more: Nationwide Insurance review

 

American Family

  • Headquarters: Madison, Wisconsin
  • Market share percentage: 2.1%
  • Average annual full coverage premium: $1,911
  • Average annual minimum coverage premium: $918
  • Bankrate Score: 3.7

American Family, commonly known as AmFam, sells auto, home, life, health, travel and identity theft insurance, along with other insurance products. The company, which has a network of local agents throughout the U.S., puts an emphasis on convenience, providing smartphone apps with features like easy bill paying and a Teen Safe Driver program. AmFam carries an A (Excellent) financial strength rating from AM Best.

Standout feature:

AmFam’s Dreams Restored Program takes the stress out of finding a repair shop by connecting you with partner shops in your area. Bills are sent directly to the insurance company, so you never have to see them. The work also gets a lifetime workmanship guarantee from American Family.

Learn more: American Family Insurance review

 

Travelers

  • Headquarters: New York City, New York
  • Market share percentage: 2.0%
  • Average annual full coverage premium: $1,325
  • Average annual minimum coverage premium: $469
  • Bankrate Score: 4.5

Travelers offers standard auto insurance coverages, as well as options to tailor your policy, like rental car coverage, new car replacement and accident forgiveness. The company’s numerous discounts might allow you to save on your policy for bundling, safe driving or shopping early for a new policy. For example, Travelers’ multi-policy discount can save you up to 13% on your car insurance premiums.

Travelers received below-average claims service ratings from J.D. Power, as well as below-average customer service satisfaction scores in the specific regions in which it is available. Like our other top auto insurers, Travelers has a strong balance sheet and maintains the highest financial strength rating from AM Best, A++ (Superior).

Standout feature:

Drivers in some states can take advantage of IntelliDrive, the company’s usage-based smartphone app that tracks driving habits for 90 days and reduces the cost of your premium for safe driving, although you could also experience a premium increase if your driving habits are not safe, based on Travelers’ telematics analysis.

Learn more: Travelers Insurance review

 

How to choose the right auto insurance company

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. The Triple-I recommends you get quotes from a minimum of three insurers, which will allow you to compare coverages, discounts, optional coverages and price.
  • Inquire 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. Depending on your budget or financial goals, vehicle value, whether you have a financed vehicle and other personal rating factors, your coverage choices may vary in type and limit.
  • Bundle your policies. Most carriers that write several lines of insurance offer discounts to policyholders that purchase more than one policy type with them.
  • Review financial strength ratings. You can check an insurer’s financial strength rating with companies like AM Best, Moody’s and Standard & Poor’s. A low rating could indicate that a company 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 companies based on customer service satisfaction, claims service satisfaction and overall customer experience.

Finding the right car insurance provider can take some time, but it can be worth the effort to find the car insurance company that best meets your needs.

Frequently asked questions

How much does car insurance cost?

The average annual cost of car insurance in the U.S. is $565 for minimum coverage and $1,674 for full coverage. Your premium will depend on your specific rating factors, like the company you choose, your age, the type of car you drive, the coverages you choose and your motor vehicle record.

How much car insurance do I need?

Everyone’s car insurance needs are different, but nearly every state will require you to purchase at least minimum coverage. To decide what coverages and what limits to buy, you might want to consider a few things. For example, do you have the money to repair or replace your vehicle if it is damaged? If not, you may want to consider full coverage insurance. You might also want to consider the financial ramifications of causing an accident. Purchasing an appropriate amount of liability coverage could protect you and your family from financial devastation.

Can I change my car insurance to a new company?

You can change your car insurance to a new company at any time during your policy period. However, some companies may have early cancellation fees, so checking your company’s guidelines before cancelling might be a good idea. If you have found an insurer that you want to switch your coverage to, just make sure you know when your new policy starts before you cancel your old one to avoid a lapse in coverage.

Which is the best car insurance company?

The best car insurance company varies from person to person. A tech-savvy driver may be looking for a top-notch mobile app for filing and tracking claims, while a price-conscious driver may be interested in finding the lowest prices and best discounts. One way to find the best company for you is to talk with an insurance agent about your needs and generate quotes from the top national and regional auto insurance providers in your area.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our base profile drivers own a 2019 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.

Bankrate Scores

Bankrate Scores primarily reflect a weighted rank of industry standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.

Road Trips in 2021

Americans are traveling again

Last year, travel plans were put on hold for many people due to the pandemic, but as we head into the holiday season and the COVID-19 vaccine becomes more available across the country, many have warmed up to the idea of traveling again. There are still some countries that are not open to international travel, but many are, such as Mexico, Canada, the Caribbean and parts of Europe. The CDC recommends not travelling internationally until you are fully vaccinated, and there are still possible risks involved. They state that even fully vaccinated travelers might be at increased risk of getting and possibly spreading some COVID-19 variants. Although some flights do not require proof of vaccination, a recent survey by tripit.com showed that 56% of Americans would only feel comfortable flying after getting the COVID-19 vaccine. However, for many international flights, passengers are only required to show a negative result to a molecular COVID-19 PCR test 72 hours prior to boarding.

Americans are choosing road travel

Although international and air travel options are available, many Americans are opting for domestic travel instead, specifically road trips. Despite gas prices increasing by over 60% in the past year, Americans are still opting for road travel as the ideal mode of transportation for long distance trips. The survey also showed that 97% of vaccinated Americans (or those who expect to get vaccinated) are planning to travel this year, with 83% saying they would be ready for a road trip with a personal car as early as this June.  With so many exciting locations within the U.S., such as national parks, historical monuments, museums, aquariums and theme parks, this opens up a multitude of destinations for travelers.

However, another study by AHLA.com found that what’s really driving Americans to travel this year is to reconnect with family with 51% likely to travel for a family event, such as a wedding or family reunion. July 4th comes in as the second best reason to travel this year with 33% of people most likely to travel during this time.  Road travel also eliminates the headache of an overcrowded airport and possibly overbooked flights. Of course, health safety is still something to keep in mind, so make sure not to forget the key items that help prevent the spread of COVID-19 while packing for your road trip.

Road trip checklist
  • Up-to-date insurance and registration
  • The number for roadside assistance
  • Portable phone charger
  • Spare tire and car jack
  • Jumper cables
  • Snacks and drinks
  • Masks
  • Hand sanitizer

Additional resources

60 Social distance-friendly road trip hidden gems

Interactive road trip activities for kids

How to plan a safe summer road trip amid COVID

Road trip tips for expecting mothers