The Top Ten Best Car Insurance Companies in the world controls more than 72% of the insurance market. However, these top 10 companies on the list have a large number of policies. We are here to help you choose the best auto insurance companies.
However, If you want you can also compare cheap car insurance companies provided on the list. So, without wasting your time let’s get into it.
Car Insurance Companies:
1. State Farm
The State Farm is one of the best Car Insurance Companies located in the U.S. State Farm possesses 18% of the total available market share as it is the biggest and one of the best insurance companies. The Company currently has 70,000 employees and has nearly about 19,000 agents. State Farm latest annual report showed a net gain of over $1.7 billion.
GEICO the second best insurance company has served more than 16 million auto policies, which approximately ensures more than 24 million vehicles. The company has almost 36,000 people across nine regional offices, three claims centers, and three service centers. The original customer of GRICO’s consists of U.S government employees and military personnel. Now, GEICO is including people’s from the private sector as it has expanded.
Progressive was established in 1937 as now it is the third biggest insurance company. The company has a facility for its customers to purchase auto insurance directly, online or by phone. The company has almost 33,000 employ’s and has over 400 offices. It is basically a publicly traded company.
All state was established in 1931 and its the largest casualty insurance company in the U.S right now. And it’s kinda similar to State Farm. Allstate currently has over 79,000 employs. According to the company. The brand Esurance is aimed at autonomous and sensitive customers while Allstate is intended to provide local and personal service to its customers.
The USAA was founded by 25 military officers, who decided in 1922 to ensure one car. USAA is based in San Antonio, Texas. Three – quarters of a mile are the corporate campus length. USAA is one of San Antonio’s largest private companies. The company currently serves millions of U.S. military members, including:
- Former Military Members
- Family of Military Members
- Current Military Members
- Cadets or Midshipmen
and it’s also one of the best automobile insurance company.
6. Liberty Mutual
Liberty Mutual is one of the leading American insurance companies and exists for more than 100 years. The Mutual freedom organization also operates in 17 countries and has a large global presence. International companies sell insurance policies for property and casualties, health and life. As of the latest annual report, the car assurance industry represents a large part of the business of Liberty Mutual, accounting for 36 percent of its net insurance premium.
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The farmers started out as a rural farmer’s vehicle insurance company. It has since evolved into the country’s seventh largest insurance company. An insurance firm that offers more products than farmers is difficult to find. It provides a number of other insurance products with basic auto insurance, animal insurance, and even investment products. Farmers have almost 21,000 employees, which enable them to implement over 19 million policies in 50 countries.
In 2017, a Fortune 100 company, Nationwide, paid members more than $18 billion in claims and other advantages. The company operates vertically in all 50 United States–including finance, trading, and personal services. Since 2000, Nationwide has been contributing more than $430 million to NGOs.
Travelers are over 160 years old, which makes it one of today’s oldest insurance companies. In fact in 1897, before the Ford Model-T was invented, travelers issued their first auto insurance policy. This company employs more than 30,000 staff and 13,500 independent officers and brokers in several countries, including the USA, Canada, and Brazil.
10. American Family
The first objective of ensuring farmers was the establishment of the American Family. The company grew in the 1930s and started concentrating on providing non-farmers insurance as well. Today, it is one of the largest insurance companies in the United States. Over 3 billion dollars in home, car, and shelter insurance claims were made by the American Family over the last year.