10 Largest Auto Insurance Companies in the U.S. (2024)
State Farm, Progressive, and Geico are the largest auto insurance companies in the U.S. by market share. State Farm is the largest insurer with superior customer service, but Geico auto insurance rates are cheaper at $52/mo for minimum coverage. Good drivers save 30% with Progressive safe driving discounts.
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences i...
Commercial Lines Coverage Specialist
UPDATED: Mar 18, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Mar 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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State Farm, Geico, and Progressive are the largest auto insurance companies in the U.S. Keep reading for a list of auto insurance companies in the United States.
As the top three insurance companies by market share, State Farm, Progressive, and Geico dominate the industry. State Farm and Geico are the cheapest auto insurance companies. Progressive is the best for accident forgiveness and other loyalty perks.
Top 10 Largest Auto Insurance Companies in the U.S.
| Company | Rank | Market Share | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 16.84% | A++ | Customer Service | State Farm |
 | #2 | 14.05% | A+ | Accident Forgiveness | Progressive |
 | #3 | 13.76% | A++ | Cheap Rates | Geico |
 | #4 | 10.69% | A+ | Low-Mileage Drivers | Allstate |
 | #5 | 5.92% | A++ | Military Families | USAA |
 | #6 | 4.95% | A | Teachers/Educators | Liberty Mutual |
 | #7 | 4.55% | A | Insurance Discounts | Farmers |
 | #8 | 2.11% | A++ | Commercial Policies | Travelers |
 | #9 | 2.11% | A | Teen Drivers | American Family |
 | 10 | 1.99% | A | Usage-Based Insurance | Nationwide |
The top ten largest auto insurance companies in the U.S. hold more than 75% of the market. Compare auto insurance quotes from these major companies against regional providers in your area to get the cheapest rates possible.
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#1 – State Farm: 16.84% Market Share
Pros
- National availability: Most popular provider with coverage in 50 states. Use our State Farm auto insurance review to compare rates in your state.
- Competitive rates: Cheaper than Geico in some states for $52/mo
- Cheap high-risk insurance: Lowest average rates for drivers with accidents, tickets, or DUIs
- Great customer service: Top five for claims satisfaction and top three for usage-based insurance
Cons
- Model restrictions: State Farm is no longer insuring certain Kia or Hyundai models
- No gap insurance: Won’t cover a loan or lease after a car is totaled
#2 – Progressive: 14.05% Market Share
Pros
- National availability: Buy auto insurance in all 50 states. Use our Progressive auto insurance review to compare rates in your state.
- Great usage-based insurance: Top three for customer satisfaction and discounts
- Rideshare insurance with roadside assistance: Designed for Uber and Lyft drivers
- Automatic accident forgiveness: Never raises rates for first minor accident (up to $500)
Cons
- Expensive in some states: Charges more than the national average at $92/mo
- Poor customer satisfaction: Ranks below-average for claims and customer service in most regions
#3 – Geico: 13.76% Market Share
Pros
- National availability: Buy Geico auto insurance in all 50 states. Compare rates in our Geico review.
- Competitive rates: Cheapest in most states at $52/mo
- Cheap teen insurance: Lowest rates for drivers under 25 with clean records
- Great usage-based insurance: Top three for customer satisfaction and discounts
Cons
- Poor claims service: Consistently ranks below average in customer satisfaction for claims
- Expensive for high-risk drivers: Increases rates more than other companies after a ticket or claim
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#4 – Allstate: 10.69% Market Share
Pros
- Great customer service: Top ten for claims satisfaction in annual J.D. Power surveys
- National availability: Buy auto insurance in all 50 states
- Safe-driving bonus: Earn money back every six months drivers are accident-free
- Big low-mileage discounts: Save up to 30%, or higher-mileage drivers can sign up for Allstate Milewise Unlimited. Learn more in our Milewise review.
Cons
- Expensive in some states: Charges more than the national average at $100/mo for minimum coverage
- Rate increases: Policyholders complain of higher rate increases at renewal than with other companies
#5 – USAA: 5.92% Market Share
Pros
- Cheapest rates: Cheaper than Geico for eligible drivers. Compare rates in our USAA vs. Geico insurance review.
- National availability: Buy auto insurance in all 50 states
- Financial services: Provides investment and banking services, including auto loans
- Rideshare insurance: Policies designed for Uber and Lyft drivers
Cons
- Pulling coverage: Not writing new policies in high-risk states like California and Florida
- Military families only: Available to veterans, active military, and their immediate family members
#6 – Liberty Mutual: 4.95% Market Share
Pros
- National availability: Buy auto insurance in all 50 states. Find coverage near you in our Liberty Mutual review.
- Customizable add-ons: Sign up for a deductible fund and better car replacement
- Big low-mileage discounts: Save up to 30% driving 7,500 miles or less per year
- Policies for teachers: Unique coverage for property damaged during school events or on school property
Cons
- Expensive: Charges more than any company on this list at $115/mo for minimum coverage
- Poor customer satisfaction: Ranks below-average for claims and customer service
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#7 – Farmers: 4.55% Market Share
Pros
- Plenty of discounts: More policy discounts than any other national company. Learn more about Farmers auto insurance discounts.
- National availability: Buy auto insurance in all 50 states
- Rideshare insurance: Policies designed for Uber and Lyft drivers
- Affordable rates after a DUI: Won’t raise rates as high as other companies on this list
Cons
- Pulling coverage: Not writing new policies in high-risk states like California and Florida
- Poor customer satisfaction: Ranks below average in most regions for customer service.
#8 – Travelers: 2.11% Market Share
Pros
- Responsible Driver Plans: Forgives one minor accident, one minor violation, and reduces deductibles by $50 every six months for safe drivers without claims
- Affordable high-risk insurance: Charges less for drivers with accidents or DUIs than other companies
- Competitive commercial insurance: Lower rates than its competitors for business policies
Cons
- Expensive in some states: Charges more than the national average at $90/mo
- Limited availability: Only in 42 states. Find coverage near you in our Travelers insurance review.
#9 – American Family: 2.11% Market Share
Pros
- Competitive rates: Cheaper than the national average at $72/mo
- Cheap for teens: Great rates under $200/mo for drivers under 21
- Great customer service: Top ten for claims satisfaction in annual J.D. Power surveys
Cons
- Limited availability: Only in 21 states. Find coverage near you in our American Family insurance review.
- Regional customer service varies: Policyholders in some states report poor experiences
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#10 – Nationwide: 1.99% Market Share
Pros
- Competitive rates: Cheaper than the national average at $73/mo
- Great usage-based insurance: SmartRide available in 44 states, more than other companies’ UBI programs. Find coverage near you in our Nationwide SmartRide review.
- Pet insurance: Covers up to $1,000 for pet injuries as part of its loyalty rewards
Cons
- Limited availability: Only available in 46 states, and some states have fewer options
- Poor customer satisfaction: Ranks below average for claims and customer service
The Largest Auto Insurance Companies in the U.S.
Who are America’s largest auto insurance companies? Looking at market share percentages tells us who is the largest insurance company in the U.S. because it means the company controls more auto insurance policies than any other company.
Top 20 Largest Auto Insurance Companies in the U.S. by Market Share
| Insurance Company | Market Share | Premiums Written |
|---|---|---|
| State Farm | 16.84% | 46,660,515,469 |
| Progressive | 14.05% | 38,927,286,246 |
| Geico | 13.76% | 38,135,712,698 |
| Allstate | 10.69% | 29,610,810,472 |
| USAA | 5.92% | 16,405,977,077 |
| Liberty Mutual | 4.95% | 13,704,350,854 |
| Farmers | 4.55% | 12,605,723,036 |
| Travelers | 2.11% | 5,836,017,875 |
| American Family | 2.11% | 5,834,828,007 |
| Nationwide | 1.99% | 5,505,995,164 |
| Auto Club Enterprises | 1.45% | 4,011,979,040 |
| Kemper | 1.30% | 3,606,770,294 |
| Erie | 1.30% | 3,593,761,558 |
| Auto Owners | 1.27% | 3,516,291,951 |
| CSAA Insurance | 1.11% | 3,080,536,574 |
| Mercury | 0.93% | 2,572,282,551 |
| Hartford Fire & Casualty | 0.71% | 1,979,861,649 |
| Automobile Club Group | 0.70% | 1,943,888,941 |
| Sentry Insurance | 0.49% | 1,364,789,371 |
| The Hanover | 0.49% | 1,349,213,783 |
The top three car insurance companies in the U.S. are State Farm, Progressive, and Geico.
Larger insurance companies may offer better rates due to their size and volume of business. However, when shopping for a car insurance company, size is only one factor that you should consider when shopping for the right kind of insurance coverage.
Just because State Farm is the largest auto insurance company in the U.S., it does not mean you'll receive the cheapest rates from that company. Before signing up for any kind of insurance, be sure to learn about the different coverage options available.Dani Best Licensed Insurance Producer
There are different types of auto insurance to choose from, so you will need to perform quote comparisons to find the best car insurance quotes in the United States. Do your due diligence before just choosing the largest insurer.
Auto Insurance Rates From the Largest Companies
As the biggest auto insurance companies in the country, State Farm, Progressive, and Geico have active policies in more states than other companies. However, just because State Farm and Geico are the cheapest overall does not mean either company is the cheapest in your state.
Find your state below to compare average rates from the largest auto insurance companies in the U.S.
Largest Auto Insurance Company Monthly Rates by State
States State Farm Progressive Geico Allstate USAA Liberty Mutual Farmers Travelers American Family Nationwide
Alabama $108 $112 $89 $108 $56 $162 $133 $79 $105 $96
Alaska $65 $97 $76 $135 $60 $164 $127 $93 $105 $108
Arizona $81 $84 $65 $180 $63 $178 $135 $104 $114 $116
Arkansas $80 $131 $91 $162 $55 $99 $165 $111 $137 $128
California $108 $132 $101 $199 $74 $216 $167 $122 $138 $142
Colorado $94 $120 $94 $166 $78 $92 $163 $114 $118 $107
Connecticut $91 $133 $62 $196 $77 $201 $151 $83 $125 $112
Delaware $116 $90 $101 $207 $43 $494 $157 $82 $130 $144
District of Columbia $111 $115 $69 $241 $48 $180 $139 $102 $115 $172
Florida $99 $153 $89 $183 $47 $161 $227 $166 $188 $103
Georgia $107 $115 $61 $165 $71 $263 $149 $110 $124 $152
Hawaii $64 $78 $60 $118 $44 $128 $99 $72 $82 $84
Idaho $53 $91 $57 $128 $40 $79 $92 $57 $93 $82
Illinois $64 $89 $47 $176 $62 $76 $117 $87 $114 $93
Indiana $71 $69 $63 $140 $43 $183 $79 $69 $107 $97
Iowa $65 $75 $81 $126 $55 $116 $82 $92 $95 $73
Kansas $81 $127 $75 $160 $56 $174 $144 $87 $114 $92
Kentucky $98 $111 $80 $236 $72 $168 $197 $139 $164 $184
Louisiana $124 $161 $141 $206 $98 $274 $212 $156 $176 $181
Maine $59 $94 $37 $108 $37 $120 $117 $61 $84 $87
Maryland $107 $121 $135 $201 $80 $181 $140 $103 $116 $106
Massachusetts $78 $95 $72 $143 $53 $155 $120 $88 $99 $103
Michigan $209 $152 $99 $406 $107 $424 $335 $183 $204 $257
Minnesota $67 $101 $90 $160 $68 $375 $108 $94 $93 $87
Mississippi $82 $120 $72 $147 $54 $119 $145 $88 $120 $96
Missouri $85 $98 $90 $148 $50 $129 $135 $114 $106 $66
Montana $70 $171 $82 $154 $50 $59 $164 $111 $125 $88
Nebraska $69 $95 $92 $125 $56 $179 $130 $102 $112 $77
Nevada $103 $82 $110 $165 $69 $111 $155 $91 $140 $112
New Hampshire $59 $63 $50 $128 $41 $198 $93 $69 $77 $77
New Jersey $113 $93 $74 $157 $61 $279 $231 $136 $115 $119
New Mexico $69 $86 $90 $158 $65 $161 $131 $91 $103 $96
New York $137 $96 $78 $147 $85 $200 $165 $175 $137 $164
North Carolina $77 $32 $69 $169 $44 $82 $99 $99 $82 $111
North Dakota $76 $110 $61 $136 $44 $398 $107 $88 $145 $77
Ohio $70 $85 $59 $120 $41 $106 $96 $63 $62 $114
Oklahoma $91 $110 $109 $135 $68 $184 $136 $105 $118 $122
Oregon $75 $78 $93 $153 $58 $141 $111 $97 $106 $111
Pennsylvania $76 $148 $68 $148 $57 $219 $131 $75 $108 $86
Rhode Island $76 $116 $125 $189 $65 $235 $183 $103 $151 $190
South Carolina $88 $105 $79 $133 $69 $185 $166 $105 $118 $118
South Dakota $67 $105 $57 $136 $58 $230 $113 $97 $151 $76
Tennessee $72 $92 $78 $144 $58 $184 $86 $88 $102 $118
Texas $90 $121 $105 $201 $62 $178 $137 $101 $176 $154
Utah $103 $95 $73 $117 $50 $119 $115 $88 $105 $93
Vermont $87 $181 $38 $142 $42 $100 $103 $75 $85 $77
Virginia $63 $61 $69 $103 $43 $129 $100 $73 $83 $86
Washington $69 $60 $75 $114 $46 $92 $102 $81 $91 $70
West Virginia $79 $110 $83 $162 $67 $196 $139 $102 $115 $104
Wisconsin $58 $94 $62 $123 $47 $84 $109 $72 $63 $226
Wyoming $82 $106 $111 $155 $57 $75 $130 $98 $111 $114
USAA is the cheapest car insurance company on average, but coverage is limited to military members only.
Are the major auto insurance companies better than smaller ones? Not necessarily. Just because Geico has fun ads, it may not be the best company for you.
If you want to find the best auto insurance near you, use this list of car insurance companies as a reference. There may be local agencies near you who fit all your needs, so compare rates from regional providers in your city to the quotes from these top companies to find the most affordable auto insurance.
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What to Look For When Comparing Auto Insurance Companies
What are the top insurance companies in the U.S. doing to earn your business? Beyond looking at insurance companies ranked by size and monthly rates, there are a few more things to look for when reviewing car insurance companies.
For example, start checking customer satisfaction reviews on your favorite insurers. Make sure the car insurance company you select has a great track record of keeping customers happy and offers different insurance options.
You might be wondering, where can I find unbiased reviews of auto insurance companies? Fortunately, we’ve compiled a brief list of questions to consider during your research to help you shop smarter:
- Does the company have an excellent customer service reputation? Even the major auto insurance companies in the United States should earn your trust through great customer service. When reading reviews or ratings for car insurance companies, consider the company’s reputation for customer service.
- Does the company pay claims promptly and without issue? When you’re comparing the major U.S. insurance companies, see how long the claims process usually takes. Great insurance companies will pay claims promptly and not hassle their customers when it comes to paying out on policies.
- Is the car insurance company more concerned with its bottom line than the customer’s well-being? The leading auto insurance companies should also make you feel valued. You’ll have to communicate with your carrier, so ask yourself, does the insurance company show concern if you’re involved in an accident and treat the customer with respect?
Automobile accidents are stressful enough. The best insurance companies will be less concerned about their bottom line and more concerned with you.
The Highest-Rated Auto Insurance Companies
Who is often the top-rated auto insurance company in the U.S. for customer and claims satisfaction? Incidentally, State Farm is usually at the top of the J.D. Power annual survey. It is the only major auto insurance company in the U.S. to rank in the top five for claims satisfaction, partially due to its easy-to-navigate claims page online.
For example, State Farm asks questions that quickly prompt policyholders through the process and provides resources for non-customers to handle claims quickly.
State Farm customers report that they are very satisfied with the customer service provided by this company. Allstate and American Family also appear in the top ten auto insurance companies for claim satisfaction, but State Farm usually ranks high on all metrics in most customer service satisfaction reviews.
Finding the Best Deal With the Largest Auto Insurance Companies
When deciding which United States automobile insurance company to choose from, you likely want to find the lowest possible rates. Comparing the largest auto insurers in the U.S. is a smart way to find cheap auto insurance rates. Start with the top ten auto insurance companies in the U.S.:
- State Farm
- Progressive
- Geico
- Allstate
- USAA
- Liberty Mutual
- Farmers
- Travelers
- American Family
- Nationwide
We understand you want the most affordable auto insurance in the United States. The only way to know what company will provide you with the best possible premiums is by comparison shopping. For example, you can answer which is a better insurance company, Geico, Allstate, or State Farm by comparing the car insurance quotes each company provides you with.
Even though other variables factor into your decision regarding which insurance company to select as your car insurance provider, the size and reputation of the company are two important factors.
To make sure that the rates you are paying for your current car insurance policy are competitive, use an insurance comparison website like this one to compare your current rates with the rates of other providers in your area. Whether you go with one of the major auto insurance carriers or a local company, start comparing free auto insurance quotes here.
Frequently Asked Questions
What is the largest auto insurer in the United States?
State Farm is the largest auto insurance company in the United States.
What are the big three insurance companies?
State Farm, Progressive, and Geico are the top three largest auto insurance companies in the U.S.
Are the biggest auto insurance companies in the U.S. also the best?
While size is a factor to consider, it doesn’t guarantee the best insurance coverage. It’s important to compare different companies and their offerings to find the right coverage for your needs.
How many auto insurance companies are there in the U.S.?
According to the Insurance Information Institute, there are 5,965 automobile insurance carriers.
Who is the top five insurance company?
USAA is the fifth-largest auto insurance company in the U.S.
Who is Geico’s biggest auto insurance competitor?
State Farm and Progressive are Geico’s biggest competitors in terms of customer service, while you may find regional insurers in your state have better rates than Geico.
Is Geico auto insurance higher than Progressive?
Geico often has cheaper auto insurance rates than Progressive, especially for teens and young drivers.
Who is most expensive for auto insurance?
Allstate and Liberty Mutual often have the highest rates in most state. Comparison shop online to find the cheapest auto insurance company near you.
What should I look for when considering auto insurance companies?
When evaluating auto insurance companies, consider factors such as their customer service reputation, prompt claims processing, customer care, and a focus on customer well-being. Additionally, comparing quotes from multiple companies can help you find the best deal for car insurance.
What is the richest insurance company in the United States?
State Farm is the richest insurance company with over $75,000,000,000 earned in direct premiums.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences i...
Commercial Lines Coverage Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.