Top 10 Best Auto Insurance Companies in USA

27
Top 10 Best Auto Insurance Companies in USA

Top 10 Best Auto Insurance Companies in United States of America “USA” in the year 2022 via Afrokonnect.

Importance of car insurance cannot be overemphasized, especially if you are not the only one driving your car,

You need an insurance company that will cover for any unforeseen damages that may occur as you begin to use your vehicle,

Car insurance is one of the most important steps you should take as a car owner,

It will save you a lot of stress in case anything happens to your car.

However, it is not always that straightforward to just pick any random auto insurance company,

We created this article and compiled a list of the top 10 best auto insurance companies in USA,

That way you get different options to pick from depending on your needs, fees and the companies terms and conditions.

There is need to have car insurance coverage from one of the best auto insurance companies,

Mostly because the best Car insurance companies have set up policies in place to protect you in case of property damage,

Some of these policies also embrace injury liability, property damage, accident forgiveness and roadside assistance,

Before we proceed you can check our article about How to make money with car in 10 smart ways.

Below we are going to reveal the list of top 10 best auto insurance companies in the United States,

So let’s dive straight into the main business of the day.

Top 10 Auto Insurance Companies In USA

10. American Family

American Family used to be known as Farmers Mutual Automobile Insurance Company, the company has been operating since 1927,

In 1963 the company officially changed their brand name to American Family Mutual Insurance Co,

It is one of the most trusted in the game because it has proven to be reliable when it comes to auto insurance.

This company was initially established with the sole aim and objectives of insuring and assisting farmers,

Along the line, it has grown and expanded its area of jurisdiction,

Since 1930 the American family mutual insurance company has been focusing on non-farmers as well,

No wonder it is one of the best and in fact among the biggest insurance companies in the United States.

At the moment the company has insurance premiums of $5 billion and a 2% market share,

With an A rating on AM Best, the American Farmers has built its legacy known for its extensive discount catalogue,

Their amazing discount rate keeps bringing back customers on a regular and they offer services in 19 American states.

Similarly, the American Family auto insurance policy provides coverage which includes:

Bodily Injury Liability (BI), Property Damage Liability (PD), Comprehensive Car Insurance and many others.

Cheap car insurance in USA

9. Travellers

On the 9th spot we have the Travelers, it is not just among the best auto insurance companies,

This company is also among the best insurance companies for small businesses,

Over the years Travelers have grown their brand,

Currently, it is one of the biggest names in the auto insurance industry.

The company has been in existence for over 160 years which further proves their credibility,

One thing this car insurance company is known for is its commitment and devotion to the community,

They often participate in programs that support the environment as well as providing grants to support the environment.

It comes as no surprise that this company is one of the top 10 best auto insurance companies in USA and arguably in the world at large,

Their first auto insurance policy was issued in 1897, even before the Ford Model-T was invented.

It has a positive review and rating on AM Best and they cover 43 states in addition to their swift customer support,

They embrace technology in all their dealings,

One of their pricing rate features called IntelliDrive determines rates by assessing your safe driving behaviour via a smartphone app,

Good news here is that everything can be done from the comfort of your home,

Because it gives drivers access to its mobile app, website, or Amazon Alexa virtual assistant to manage policy details,

Some of the services they offer includes but not limited to gap insurance, rental coverage, roadside assistance, rideshare coverage among others.

Currently, Travellers has an insurance premium of $5 billion and 2% market share.

8. Nationwide – Best Auto insurance companies in USA

Nationwide has recorded over $6 billion insurance premium and has a 2% market share,

That’s huge considering the fact that the company offers standard coverage and considerable discounts.

Nationwide is very much versatile and they do business across several sectors and industries,

They cover financial services, commercial lines and personal lines,

With a Nationwide auto insurance policy, the benefit is unlimited,

You can enjoy coverage on Bodily Injury Liability (BI), Property Damage Liability (PD), Collision, Comprehensive Car Insurance, Medical Payments (MedPay), Personal Injury Protection (PIP) and uninsured/underinsured motorist protection.

All of these factors are why we consider Nationwide as one the top 10 best auto insurance companies in USA,

On this list it holds the 8th spot and it has been ranked No.53 in Fortune’s most recent list of the 100 Best Companies to Work For,

Nationwide auto insurance is available in 47 states and has positive reviews via AM Best, S&P and Moody’s.

Best car insurance in USA

7. Farmers Insurance

Regardless of the name “Farmers Insurance”, this company still remains among the best auto insurance companies in the United States,

It has been consistent with service delivery and Farmers auto insurance is one of united states oldest choices for insurance,

The company has been ranked by many credible and recognized bodies in the industry.

At the moment Farmers auto insurance company has insurance premium of $11 billion and a 4% market share,

Among the services they cover includes protections like accident forgiveness, roadside assistance, new car replacement and rideshare coverage,

These services are available in all the 50 states in the USA, it also provides useful tips and information on safety.

Additionally, Farmers auto insurance provide traditional coverage,

Which covers bodily injury liability, property damage liability, collision coverage, comprehensive coverage, medical payments, personal injury protection and coverage against uninsured/underinsured motorists.

One of the incentives that comes with opting with this company is the guarantee replacement for newly purchased vehicles that are a total loss,

Though the cars must have less than 24,000 miles on it and is less than 2 model years old.

6. Liberty Mutual – Best Auto insurance companies in USA

On the 6th spot we have Liberty Mutual, a company based in Boston, Massachusetts,

It was founded in 1912 and it has been in existence since then till date,

Liberty Mutual has an insurance premium of $12 billion with 6% market share.

At the moment Liberty Mutual offers insurance coverage on several products and services,

The company has over 50,000 employees in over 900 locations across the 50 states in America,

Similarly, it has been ranked 75th on the Fortune 500 list and has a lot of positive reviews based on user experience,

For instance, Better Business Bureau (BBB) has given Liberty Mutual an A rating based on quality-of-service delivery.

Among the services Liberty Mutual offers includes comprehensive insurance, liability auto insurance, collision, uninsured motorist, personal injury protection, and medical payments,

Other benefits include lifetime repair guarantee, accident forgiveness, new/better car replacement, roadside assistance, rental car reimbursement, original parts replacement and auto loan/lease gap.

Best auto insurance companies in USA

5. USAA

USAA here simply means “United Services Automobile Association”,

The company was founded in 1922 and it has been fully licensed to operate commercially in the United States,

Its major focus is to provide full coverage options, including benefits like accident forgiveness and new car replacement.

The company has built a name for themselves alongside credible reputation, this is a company highly rated in the USA,

However, their services are only available to drivers who are members of the military, veterans or a family of a military member,

In case you fall under any of the above categories then you can enjoy all their amazing offers which is available in all the 50 states in the US.

With the USAA you get to enjoy more than just car insurance services,

Because USAA provides several financial products and services like property insurance, life insurance, health insurance, banking services, vehicle loans, home loans, credit cards, retirement accounts and many others,

All of these factors have contributed in making USAA the 5th best auto insurance company in the USA,

The company comfortably boost of over $15 billion insurance premium and 6% market shares at the moment.

ALSO READ:

4. AllState

This company has insurance premium of $24 billion and a 9% market share,

Which is relatively huge if you compare it to their competitors,

Allstate is currently the 4th best auto insurance company in USA based on this list and general rating on the internet.

This company is not just among the best but also among the biggest car insurance companies in America,

It recorded an A rating on AM Best and on Better Business Bureau (BBB).

Allstate auto insurance is available in all 50 states and some parts of Canada,

Basically, they cover roadside assistance, usage-based insurance, accident forgiveness, new car replacement and coverage for alternative vehicles,

In addition to that they offer access to poor credit and young drivers,

They also offer discounts for ensuring multiple vehicles, safe driving, and having safety features installed in your car.

Thanks to their user-friendly mobile app that allows users to achieve all these amazing offers through the app.

Car Insurance companies in USA

3. Progressive – Best auto insurance company in USA 

You cannot talk about the best auto insurance in the United States without bringing in the progressive auto insurance company,

This insurance company has been trusted by millions of Americans and non-Americans all over the United States,

Based on this list, we rank it the Progressive Insurance 3rd because it is a well-known company with a reputation for transparency,

The company has earned a 4.5 rating online based on users experience and general online rating.

The company was established in 1937 and it has never seized to exist,

It even went on to become the first company to introduce a usage-based insurance option in 2008,

It has also earned an A prime on AM Best which means it has superior financial ability to meet insurance claims.

You can enjoy their insurance coverage in all the 50 states in America, you can opt in for standard insurance, rental car reimbursement, usage-based coverage, custom parts and equipment insurance,

That’s not all, the company also provides drivers with accident forgiveness,

If you compare them to their competitors, you will realize that Progressive has a relatively lower rate than most of them,

With this insurance company drivers can save money for bundling policies and also adding multiple vehicles to a policy,

As at the of this publication, Progressive has recorded an insurance premium of $32 billion with a 12% market share,

Which makes it the 3rd best auto insurance company in the USA.

Best Auto insurance companies in USA

2. GEICO

First of all, Geico has an insurance premium of $34 billion and a 14% market share,

The company was established in 1936 by Leo and Lilian Goodwin, the two ran the company from scratch to its pinnacle,

In their opinion, government staffs are less risky to insure compared to non-salary earner,

Which is why they created Geico, an abbreviation to “Government Employees Insurance Company”.

They started in just few American states and currently they are  available in all the 50 states of America,

They went on to become the second among the biggest and best car insurance companies in USA,

Geico offers usage-based coverage, accident forgiveness, coverage for alternative vehicles and lots more.

Drivers can easily access affordable car insurance rates, including for high-risk drivers and teenage drivers, all with the help of Geico,

Their affordable rates which comes with seamless experience is another reason most people patronize the company continuously.

Best auto insurance companies in USA

Top 10 Best Auto Insurance Companies in USA

1. State Farm – Best auto insurance company in USA 

Finally, you’ve made it to the number one spot and it is non other than the ultimate “State Farm”,

State farm is the largest property and casualty insurance provider in the United States.

This company has the highest insurance premiums rating $42 billion with 17% market share,

It possesses 17% of the total available market share and has a good reputation for above average customer service.

State farm has over 83 million policies and accounts, which is the highest any insurance company has achieved,

Making it the largest auto insurance company provider in the United States,

It offers some of the lowest rates in the country for a variety of coverage on cars, motorcycles, boats, ATV’s, motor homes and many more with mobile app for drivers to manage their auto insurance policies,

With State Farm car insurance, one can get all the standard coverage offered by most companies,

As well as add-ons like roadside assistance, rental coverage, affordable rates and lots more.

Top 10 Best Auto Insurance Companies In USA

Conclusion – Best auto insurance company in USA 

Though we have other amazing auto insurance companies in the USA,

This list was carefully curated to help you make the best decision among the several options,

You have numerous options when it comes to auto insurance providers and we urge you to pick the one that suits your needs and budget.

Here’s a quick recap of the top 10 best Auto insurance companies in USA:

  1. State Farm
  2. Geico
  3. Progressive
  4. All State
  5. USAA
  6. Liberty Mutual
  7. Farmers Insurance
  8. Nationwide
  9. Travellers
  10. American Family

This brings us to the end of this article about Top 10 Best Auto Insurance Companies in United States of America “USA” in the year 2022 via Afrokonnect,

Hopefully you found what you’re looking for, Good-luck.

Leave a Reply