What is the #1 auto insurance in the US?
State Farm is the largest auto insurance company in the U.S. based on market share, according to the National Association of Insurance Commissioners (NAIC). It enjoys the highest average J.D. Power score of the large insurers, making it best-in-class for customer satisfaction.
State Farm is the biggest auto insurance company in the country by market share, while Progressive, Geico and Allstate are the next three.
- State Farm. Best for local agencies. 4.3. Rating: 4.3 stars out of 5. ...
- Travelers. Best for personalized coverage. 4.2. Rating: 4.2 stars out of 5. ...
- USAA. Best for military-focused coverage. 4.2. ...
- NJM. Best for coverage on a budget. 4.0. ...
- Liberty Mutual. Best for bundling numerous discounts. 3.8.
| Company | Learn More | |
|---|---|---|
| #1 | USAA » 4.4 U.S. News Rating | Compare Quotes » (855) 939-3108 |
| #2 | American Family » 4.3 U.S. News Rating | Compare Quotes » |
| #3 | State Farm » 4.2 U.S. News Rating | Compare Quotes » |
| #4 (tie) | Geico » 4.1 U.S. News Rating | Compare Quotes » |
Who is State Farm's biggest competitor? State Farm is the largest car insurance company with $46.7 billion in premiums written in 2022. Its largest competitor is Progressive, with $38.9 billion in written premiums.
- #1 State Farm: Editor's Choice. ...
- #2 Geico: Affordable for Most Drivers. ...
- #3 Progressive: Low Rates for High-Risk Drivers. ...
- #4 Allstate. ...
- #5 USAA: Low Rates for Military.
| Company | NAIC Score |
|---|---|
| United Automobile Insurance | 40.45 |
| Ocean Harbor Insurance | 19.54 |
| California Casualty | 13.16 |
| Metromile | 2.02 |
State Farm is the cheapest car insurance company overall according to NerdWallet's analysis, with an average rate of $39 a month for minimum coverage.
USAA is also known as a customer service leader. Its score of 890 in J.D. Power's 2022 U.S. Auto Insurance Customer Satisfaction Study would have placed it at the top of the rankings (J.D. Power scores USAA but does not officially rank the company due to its exclusive customer base).
Geico tends to offer lower rates for most policyholders and has slightly higher customer satisfaction scores. On the other hand, Progressive has great options for high-risk drivers and more widely available usage-based insurance. We recommend comparing rates from both when you shop.
Is USAA only for military?
Is USAA Only for Military? Yes, USAA is only available to active and retired military members and their families. This includes active-duty, former military, cadets, widows, current or un-remarried spouses, and children.
AAA insurance premiums tend to be more expensive than the national average because AAA doesn't write its own policies. Each regional club operates independently and sells insurance policies underwritten by different agencies.
| Car Insurance Company | Network Garages | Claim Settlement Ratio |
|---|---|---|
| Reliance Car Insurance | 8200 | 98% |
| Royal Sundaram Car Insurance | 3300 | 98.6% |
| SBI Car Insurance | 16000 | 100% |
| Shriram Car Insurance | 2000 | 96% |
In our 2023 review, we give State Farm a 9.3 out of 10.0 for cost, while Allstate receives only a 7.4. As you can see in the chart below, State Farm's average annual rate falls well below the national average, while Allstate's is significantly higher.
Our analysis showed that, on average, Dodge and Tesla have the most expensive car insurance among 17 popular brands. Full coverage on Dodge vehicles costs an average of $354 per month or $4,242 per year, while full coverage on a Tesla vehicle averages to $251 per month or $3,007 per year.
Geico and USAA are among the insurance companies that are cheaper than Allstate.
1898 Travelers Insurance Company issued the first automobile insurance policy in the United States.
Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.
No the Progressive Group of Insurance companies is owned by Progressive Corporation and the Geico group of Insurance Companies is owned by Government Employees Insurance Company, which in turn is owned by Berkshire Hathaway, Inc. ( Warren Buffet's company).
Much like a utility service such as electricity or gas, you cannot negotiate a lower monthly car insurance payment. What you can do, however, is compare rates.
What vehicle has the least amount of complaints?
According to various industry reports and surveys, car brands such as Lexus, Toyota, and Honda are often recognized for their reliability and low rates of problems and breakdowns over time. These brands have consistently ranked well in terms of dependability, build quality, and long-term durability.
- State Farm. Market share: 16.8% Direct premiums written: $46.7 billion. ...
- Progressive. Market share: 14% Direct premiums written: $38.9 billion. ...
- GEICO. Market share: 13.8% Direct premiums written: $38.1 billion. ...
- Allstate. Market share: 10.8% ...
- USAA. Market share: 5.9%
Progressive: Which Is Cheaper? Geico's average nationwide rates are cheaper than Progressive's for nearly every type of driver. Geico has cheaper car insurance for good drivers as well as those with a speeding ticket or accident. Geico is also the cheaper car insurance company for both young drivers and senior drivers.
State Farm Car Insurance | Surprisingly great rates that fit any budget.
If your car insurance rate goes up, it could be because of factors beyond your control — e.g., inflation, age, gender, etc. However, there are ways you can lower your premium by yourself, such as improving your credit score, being a good driver, and driving less.
