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The leading 10 car insurance companies in the United States continue to hold a significant portion of the market, underwriting over three-quarters (77%) of the country’s auto policies, according to the latest market share data from the National Association of Insurance Commissioners (NAIC). This translates to more than $213.1 billion in direct written premiums, marking a 14.5% increase from the previous year.
Despite the dominance of a few major players in the auto insurance sector, these companies offer a wide array of products, benefits, and services to their clients.
To help insurance buyers understand what the top car insurers in the country provide in terms of coverage, Insurance Business has ranked the largest auto insurance companies. This article also outlines the various policies available from these insurers and evaluates their performance in terms of customer experience. Here are the top 10 car insurance providers in the US, ranked by market share.
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Car insurance benefits
Car insurance offers a range of benefits that protect you financially and provide peace of mind in case of accidents or unexpected events. Some of the key benefits include:
- Financial Protection: Covers repair costs or replacements for your vehicle in case of accidents, theft, or damage from natural disasters.
- Liability Coverage: Protects you from paying out of pocket for damages or injuries you may cause to others in an accident.
- Medical Expenses: Helps cover medical bills for you and your passengers if you’re injured in an accident, regardless of fault.
- Uninsured/Underinsured Motorist Coverage: Provides protection if you’re involved in an accident with a driver who has no insurance or insufficient coverage.
- Peace of Mind: Knowing you’re financially protected in case of accidents allows you to drive with confidence.
- Legal Compliance: Having insurance ensures you meet the legal requirements for driving in most states.
- Customizable Coverage: Many providers offer add-ons like roadside assistance, rental car reimbursement, or gap insurance to tailor your policy to your needs.
- Discount Opportunities: Safe driving, bundling policies, and other factors can help you lower your premiums through discounts.
These benefits make car insurance an essential part of responsible vehicle ownership.
Top 10 car insurance providers in the US
1. State Farm
- Market share: 16.8%
- Direct premiums written: $46.7 billion
- Shopping experience rating: 877 out of 1,000-point scale
- Claims satisfaction rating: 882 out of 1,000-point scale
- Financial strength: A++
State Farm is the largest car insurance provider in the U.S., holding nearly 17% of the market share. This amounts to over $8 billion more in direct written premiums than its closest competitor. With a network of more than 19,200 local agents, State Farm makes it easy for drivers across the country to access their policies—though it no longer offers coverage in Massachusetts and Rhode Island.
- Drive Safe & Save: Offers the potential to save up to 30% on your annual premiums based on your driving habits when you enroll in the mobile app.
- Steer Clear: Helps new drivers or those 25 and under reduce their yearly premiums by up to 20%, provided they have no at-fault accidents or moving violations in the past three years.
State Farm is also highly rated for its purchasing experience and claims satisfaction. This is due in part to its easy-to-use website and mobile app, where policyholders can request quotes, pay premiums, and file claims effortlessly.
2. Progressive
- Market share: 14%
- Direct premiums written: $38.9 billion
- Shopping experience rating: 853
- Customer satisfaction rating: 861
- Financial strength: A
The nation’s second-largest car insurance provider offers a variety of coverages that many competitors don’t, such as gap insurance and coverage for veterinary expenses if your pet is injured in an accident. This allows policyholders to tailor their policies to fit their specific needs.
Progressive’s annual premiums are about average, but policyholders can take advantage of numerous discounts to lower their rates. One popular option is the Snapshot safe driver discount, which adjusts your rate based on your driving habits through a mobile app. However, Progressive ranks below the industry average for customer experience and claims satisfaction.
Progressive is also one of the largest insurance companies in the U.S. by market capitalization. To learn which insurers are on the list and why market cap is a key metric, click on the link.
3. GEICO
- Market share: 13.8%
- Direct premiums written: $38.1 billion
- Shopping experience rating: 857
- Claims satisfaction rating: 874
- Financial strength: A+
GEICO is recognized for providing competitive rates not only for drivers with clean records but also for those with poor credit, speeding tickets, or who have previously driven uninsured. However, it tends to be more expensive for drivers with a DUI record.
Policyholders with GEICO can also take advantage of various valuable features, such as accident forgiveness and a usage-based insurance program that helps reduce premiums for safe driving. As a subsidiary of Berkshire Hathaway, GEICO offers a user-friendly website and a robust mobile app, allowing customers to get quotes, track billing, and manage their policies online.
GEICO car insurance is available in all 50 states. However, the insurer has a limited network of local agents, which may pose a challenge for those who prefer to work directly with an agent, depending on their location.
4. Allstate
- Market share: 10.8%
- Direct premiums written: $29.6 billion
- Shopping experience rating: 853
- Claims satisfaction rating: 889
- Financial strength: A++
As one of the largest car insurance providers in the U.S., Allstate offers a variety of valuable coverage options that are not commonly found among many of its competitors, including:
- Accident forgiveness
- Disappearing deductible
- Gap insurance
- New car replacement
- Rideshare insurance (in most states)
Allstate also has a comprehensive lineup of discounts, which include:
- Early Signing Discount: if you sign your policy at least seven days before its effective date
- Responsible payer discount: if you didn’t receive any cancellation notices for non-payment in the previous cycle
- EZ pay plan discount: if you set up automatic withdrawal for premiums payments
- eSmart discount: if you go paperless by signing up for ePolicy
Allstate is known for its strong claims handling, demonstrated by its higher-than-average customer satisfaction ratings. This reliability helps justify its car insurance rates, which tend to be higher than many competitors
5. USAA
Market share: 5.9%
Direct premiums written: $16.4 billion
Shopping experience rating: 874
Claims satisfaction rating: 890
Financial strength: A++
USAA consistently achieves some of the highest customer experience and claim satisfaction scores among car insurance companies on our list. However, this specialized insurer exclusively provides coverage to veterans, active military members, and their immediate families.
USAA offers competitive rates for a wide range of drivers, including teens, seniors, and those with accident histories or traffic violations. Its extensive discounts allow policyholders to further reduce their premiums. In addition to standard coverage options offered by other insurers, USAA provides quality add-ons such as accident forgiveness, car replacement assistance, and rideshare insurance.
USAA is also recognized as one of the top insurance companies to work for in the U.S. Click the link to view the complete list of insurers.
6. Liberty Mutual
- Market share: 4.9%
- Direct premiums written: $13.7 billion
- Shopping experience rating: 865
- Claims satisfaction rating: 870
- Financial strength: A
Liberty Mutual is an excellent choice for drivers who prefer an online experience over working with an insurance agent. One of the benefits of choosing this mutual insurer is access to its user-friendly website and a comprehensive selection of clear, jargon-free resources about your coverage. You can also manage your policy digitally using the Liberty Mutual mobile app. These features contribute to Liberty Mutual having the second-highest shopping experience score among large insurers on our list.
However, Liberty Mutual’s rates are higher compared to many of its industry competitors, and its claims satisfaction rating is below the industry average. Despite this, the insurer compensates by offering a wide range of coverage options and discounts, including a decreasing deductible for every year without a claim.
7. Farmers
- Market share: 4.6%
- Direct premiums written: $12.6 billion
- Shopping experience rating: 846
- Claims satisfaction rating: 882
- Financial strength: A
Farmers’ auto insurance premiums are generally higher compared to other leading car insurance providers in the U.S., with rates being especially expensive for young and senior drivers. While Farmers is highly rated for claims satisfaction, it ranks lower in terms of the shopping experience.
Despite the high rates and lower shopping ratings, Farmers offers a variety of valuable coverages, such as accident forgiveness and new car replacement, which can be helpful after a collision. Additionally, Lyft and Uber drivers can enhance their coverage with rideshare insurance.
8. Travelers
- Market share: 2.1%
- Direct premiums written: $5.8 billion
- Shopping experience rating: 848
- Customer satisfaction rating: 854
- Financial strength: A++
Travelers is a solid choice among car insurance providers in the U.S., known for its competitive premiums. Rates are particularly affordable for drivers with a DUI, though adding a teen driver can increase the cost.
Travelers offers a wide selection of coverage options. Notable features include accident forgiveness, minor violation forgiveness, and a usage-based program that rewards safe drivers with discounts. Rideshare insurance is available, but only in select states. One downside, however, is that Travelers has below-average ratings for claims satisfaction and customer experience.
Beyond car insurance, Travelers is also one of the top cyber insurers in the country. You can view our latest rankings of the top 10 cyber insurance companies in the U.S. here.
9. American Family
- Market share: 2.1%
- Direct premiums written: $5.8 billion
- Shopping experience rating: 867
- Claims satisfaction rating: 874
- Financial strength: A
American Family stands out with above-average scores in both claims satisfaction and shopping experience. Unlike many competitors, it offers a more comprehensive range of coverages, including OEM coverage, rideshare insurance, diminishing deductibles, and accident forgiveness. American Family also provides a variety of discounts, such as the KnowYourDrive program, which lowers rates for safe drivers.
However, American Family car insurance is only available in 19 states, and its rates are higher compared to many competitors.
10. Nationwide
- Market share: 2%
- Direct premiums written: $5.5 billion
- Shopping experience rating: 861
- Claims satisfaction rating: 868
- Financial strength: A+
Nationwide offers affordable rates, but it largely depends on your driver profile. Safe drivers with a clean record can find competitive rates, while those with poor credit may also get better deals. However, drivers with a DUI should expect higher premiums. Overall, Nationwide’s rates tend to be more expensive than many competitors.
On the plus side, Nationwide provides a wide range of coverage options and useful add-ons, including usage-based and pay-per-mile plans for those looking to save. The shopping experience is average compared to the industry, but claims satisfaction is slightly below average. It’s worth noting that Nationwide’s car insurance isn’t available everywhere—it doesn’t operate in Alaska, Hawaii, Louisiana, or Massachusetts.
Methodology for Ranking the Top Car Insurance Providers in the U.S.
Our rankings are based on the latest market share data released by the National Association of Insurance Commissioners (NAIC). The list is arranged by overall market share, which reflects each company’s direct written premiums. To provide a clearer picture of the service each auto insurer offers, we included scores from the most recent J.D. Power surveys on insurance shopping experience and claims satisfaction. We also factored in each company’s financial strength ratings from A.M. Best.
Below is a summary of the top 10 car insurance providers in the U.S.
Is Car Insurance Mandatory?
In almost all states, car insurance is required for legally driving a vehicle. The only exception is New Hampshire, where drivers can forgo insurance under certain conditions. If you’re caught driving without insurance, you may face hefty fines, and it could impact your ability to obtain coverage in the future.
While the types of coverage required differ by state, there are some commonalities. The table below outlines the most common types of coverage drivers need, as detailed by the Insurance Information Institute (Triple-I).
Why Is Car Insurance So Expensive?
The cost of car insurance depends largely on the risks you present as a driver. To determine your premium, car insurers consider several factors, including:
- Age
- Gender
- Location
- Driving record
- Mileage
- Vehicle type
- Credit rating
- Level of coverage
These factors help insurers estimate the likelihood of a claim. Below is an estimate of the average annual premiums from the top 10 car insurance providers in the U.S. Your rate may be significantly higher or lower depending on your unique risk factors.
If you’re looking for ways to lower your rates, our comprehensive guide to finding cheap car insurance can help!
How Can You Find the Best Car Insurance Providers in the U.S. for Your Coverage Needs?
Start by checking our Best in Insurance Special Reports page if you’re searching for car insurance providers that offer excellent coverage. The insurers highlighted in our special reports have been recommended by their peers and thoroughly vetted by our team of experts, ensuring that you choose reliable and trusted leaders in the industry. By selecting these companies, you can be confident that you’re getting the right protection for your unique needs.
The car insurance market is always changing, and updates can happen unexpectedly. To stay informed about the latest industry developments, be sure to visit and bookmark our Motor & Fleet section. Here, you can keep up with the newest news and updates.
Do you like our ranking of the top car insurance providers in the U.S.? Have you had any experiences working with them? We’d love to hear your story—feel free to share it below!