What are the top 10 car insurance companies in the US?
The top 10 car insurance companies in the US include State Farm, Allstate, Travelers, and Nationwide. Comparison shopping may reduce your rates by up to 20%
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jul 23, 2023
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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above 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: Jul 23, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The top 10 insurance companies in this article are based on date from the Insurance Information Institute
- A good insurance company will have a solid number of policies written and good ratings concerning claims payout
- The best insurance company for you depends on your budget as well as your specific coverage needs
This can be frustrating and confusing for people who are looking to purchase auto insurance from a company that falls under this category.
Read more: Best Accident Insurance Companies
The list provided here is based on statistical data provided by the Insurance Information Institute (III).
III is an organization dedicated to providing both insurance companies and individuals with information regarding America’s buying trends when it comes to insurance of any kind. Enter your zip code now to get car insurance quotes!
The Top 10 Companies
According to III, the top 10 insurance companies in the US are:
- State Farm Mutual
- Allstate Corp.
- Berkshire Hathaway Inc.
- Liberty Mutual
- Travelers Companies
- Progressive Corp.
- Chubb Ltd
- Nationwide Mutual Group
- American International Group
- Farmers Insurance Group
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Why are these the top 10 car insurance companies?
In this case, the top 10 care insurance companies were determined by how many policies each company has written and how many claims each company successfully paid to their policyholders.
This information is collected from insurance companies as well as through rating companies such as A.M. Best and Standards & Poor’s.
An insurance company that continues to grow each year because they are writing more policies tends to be financially strong, which is an important element when choosing an insurance company.
In addition, companies that experience growth have a good reputation, and people want to do business with companies that have a good reputation.
You also want to choose a company that has a strong claims payment rating. If you have an accident, your insurance company is going to be more likely to pay your claim.
Now, it is important to note that none of these ratings are based on the affordability of each company.
Should I buy my insurance from one of the top 10 car insurance companies?
Here are some things to consider, however. First of all, State Farm and Allstate are well known for being the more expensive choices for auto insurance and as you can see, they are the top two ranked companies by III.
Some of the other companies don’t sell insurance in every state, making it impossible for some people to consider them.
In addition, just because some companies aren’t on the list doesn’t meant that they aren’t excellent choices.
With over 100 auto insurance companies in the US, you don’t have to choose from the top 10 list to make a good choice.
The bottom line is that if you choose one of the companies on the top 10 list, then you are likely, but not guaranteed, to be happy with your entire experience.
Is there a most affordable top 10 car insurance company list?
Unfortunately, there is no official list of for the top 10 most affordable auto insurance companies.
However, we found these three companies are often listed the most affordable:
- Geico
- Progressive
- Esurance
Unfortunately, there wasn’t much consistency when it came to other companies. Of course, definitions of cheap car insurance are subject to opinion and income.
Fortunately, you don’t need a top 10 list to find the most affordable companies.
Instead, you need to use our free quote tool and get quotes from the companies that have the most affordable plans for you.
Enter your zip code right now and get your online car insurance quotes!
Frequently Asked Questions
What are the top 10 car insurance companies in the US?
The top 10 car insurance companies in the US include State Farm, Allstate, Travelers, and Nationwide. Comparison shopping may reduce your rates by up to 20%.
Why are these the top 10 car insurance companies?
The top 10 car insurance companies were determined based on the number of policies each company has written and the successful claims payments made to their policyholders. This information is collected from insurance companies and rating companies such as A.M. Best and Standards & Poor’s.
Should I buy my insurance from one of the top 10 car insurance companies?
While the top 10 car insurance companies are reputable choices, it’s important to consider factors such as affordability and availability. Some companies on the list may be more expensive or not available in certain states. It’s also worth noting that there are over 100 auto insurance companies in the US, and you can find excellent choices outside of the top 10 list.
How can I compare car insurance quotes and find the most affordable plans?
To compare car insurance quotes and find the most affordable plans, you can use a free quote tool. Enter your ZIP code to get quotes from various companies. By comparing quotes, you can find the companies that offer the most affordable plans for your specific needs and circumstances.
How reliable is the information provided by the Insurance Information Institute (III) in determining the top 10 car insurance companies?
The Insurance Information Institute (III) is a reputable organization dedicated to providing reliable information about insurance trends. The III collects data from insurance companies and rating agencies to determine the top 10 car insurance companies based on policies written and claims payments. While the information is based on reliable sources, it’s important to conduct your own research and consider other factors, such as customer reviews and specific coverage needs, when choosing an insurance company.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
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.