Who Are Top 10 Best Car Insurance Companies in the U.S. ?

Introduction

The demand for buying car insurance has been continuously rising in the U.S., leading to the increase in the number of car insurance companies. Many customers find it difficult to choose a reliable insurance firm. In this piece of writing, we would like to introduce to you top 10 car insurance companies in the U.S.

Criteria for ranking top 10 car insurance companies in the U.S.

Auto insurance firms in the U.S. are assessed and rated based on three criteria, which are:

- Financial capacity: based on the latest year’s audited financial report (including the total assets, total revenue, net profit, and the efficiency of capital use).
- Media prestige: assessed by Media Coding method – the coding of articles about insurance firms on media.
- Survey online on the customers’ satisfaction with the insurance products and services, surveys on the experts’ evaluation on insurance firms’ prestige, and surveys on insurance firms’ operating skills, the growth rates of revenue and profit, and development plans.

Top 10 car insurance companies in the U.S.

1. Amica Mutual Insurance

Amica Mutual Insurance is one of the most long-existing auto insurance firms in the U.S. Amica was established in 1907 with its headquarters in Lincoln, Rl. The core managers of the firm are President and CEO Robert A. DiMuccio, Finance Director James Loring, and PR manager Vince Burks. Amica has a total asset of $4 billion with over one million effective policies.

Amica is highly rated by leading insurance evaluating organizations such as A. M. Best and J. D. Power & Associates. The firm has some outstanding points, especially customer care services. J. D. Power & Associates has rated with the highest level of customer satisfaction for 11 years. A. M. Best has also given Amica “A++” Superior rating. Amica was also listed among Ward’s Top 50 in 2006 and 2008-2012.

2. State Farm Mutual Insurance

State Farm Mutual Insurance is considered the biggest individual and business insurance firms in the U.S. with over 18,000 staff serving around 80 million customers.

With a strong financial capacity, State Farm Mutual Insurance also provides some other financial services such as State Farm Bank, retirement savings accounts (Personal & Business Retirement), and investment fund management (Mutual Funds & Annuities).

3. Allstate Corporation

Founded in 1931, Allstate Corporation currently serves 16 million families in the U.S. Allstate Corporation is one of the biggest insurance corporations worldwide and the largest asset and casualty insurance firm in the U.S.

This is the biggest public insurance firm in the U.S. it also has individual insurance operations in Canada. The Illinois-based corporation has some unique marketing strategies and provides a series of insurance products and services such as automation, housing, life, asset and finance management services. Allstate Corporation entered the market with more individualization services than others.

4. PGRProgressive Corp50

PGRProgressive Corp50 is one of the largest auto insurance firms in the U.S. PGRProgressive Corp50 provides policies for cars, motorbikes, ships, RVs and commerce vehicles. These services are provided mainly via mobile phones or the Internet although they are also represented by independent agents.

PGRProgressive Corp50 is successful as it offers competitive and unique quotes. The firm’s successful advertising campaigns have been popular and contributed significantly to its development in Texas and the whole U.S.
As a member of Farmers Insurance Group, PGRProgressive Corp50 currently has over 20,000 staff and nearly 60,000 independent insurance agents.

5. GEICO

GEICO makes up a market share of 4.3% in the U.S.’s insurance market. GEICO offers such services as individual auto insurance and motorbike insurance.

Besides insurance for vehicles, GEICO also provides insurance services for oil spill, natural disasters, and life insurance. The firm uses online services for a large proportion off policy revenue, which allows it to lower the insurance costs and provide services at a more competitive price. GEICO is a tool to reduce the automation insurance rate as it is one of the first automation insurance firms in the U.S. with a very competitive price. GEICO is a subsidiary of Berkshire Hathaway (belonging to Warren Buffet).

6. Liberty Mutual

Liberty Mutual is a multi-national firm with the third-largest total assets in the U.S. Based in Boston, Massachusetts, the company now has more than 45,000 staff in 900 offices worldwide.

As of the end of 2010, Liberty Mutual has $112.4 billion of consolidated total asset, $95.4 billion of consolidated debts, $17 billion of insurance capital, and $33.2 billion in consolidated revenue. Liberty Mutual was set up in 1912 under the name of “Massachusetts Insurance Association.” In 1917, the firm changed its name into “Liberty Mutual Insurance Group.” Through partnerships with other firms, the company started selling car insurance services. In 1964, Liberty Mutual started providing life insurance via its branch Liberty Mutual Assurance. Over the past years, Liberty Mutual has bought some other companies. For example, Liberty Mutual had bought all existing shares of Safeco at $6.2 billion, equivalent to $68.25 per share.

7. QuoteWizard

QuoteWizard is the largest independent insurance company in the U.S., offering a tool which can help buyers get several quotes at the same time. With QuoteWizard, buyers will find it more easily to find auto insurance plans meeting their needs. You will be able to add additional vehicles if you would like to bundle and save up to 20%. You should choose QuoteWizard as it save time and money in a matter of minutes.

8. Esurance

Esurance is one of the top 10 auto insurance firms in the U.S. with nearly 2,000 staff in the country. Esurance is always able to keep customers’ loyal thanks to low-cost services and professional and dedicated customer care services.

A client shared his/her reviews after buying Esurance services, saying that “I have been tired of continuously rising insurance costs recently, I have searched for Esurance’s new policies, knowing that I can save up to $750 per year when using Esurance’s services.
Esurance provides auto insurance for accident forgiveness, new car replacement, better car replacement, and deductible fund.

9. AIG

AIG is the world’s largest insurance company with 88 million customers in over 130 countries and territories. AIG provides various advanced insurance policies and leads the global travel insurance market, along with offering insurance products for different commercial risks, including auto insurance.

AIG has been more widely favored by customers in the U.S. thanks to its professional customer care service and its prestige.

10. USSA

USSA is the most widely favored auto insurance firm among drivers in the U.S. USSA received extremely high marks from J. D. Power’s Claims Satisfaction Survey, including 5/5 in customer satisfaction. Besides, USSA’s final settlement of accidents/incidents also satisfy its customers, which is one of the most important indicators or a high quality insurance company.

The biggest limitation of USSA is that it is available for only members or former members of the U.S. military and their close family members. So, if you are in the general public, you will not have the chance to buy a policy from USSA.


We have introduced to you the top 10 car insurance companies in the U.S. They offer different benefits to customers. Be a smart consumer to make a right decision.