Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased product reviews.
- State Farm is the largest car insurance company in the U.S., followed by Progressive.
- You can be insured with a national or regional provider.
- There are also insurance providers specializing in specific coverages.
Car insurance has many benefits — the chief of which is protecting your wallet. However, knowing which car insurance company to choose can be overwhelming. One way to start your search is by looking into what other policyholders are buying. These are the largest auto insurance based on National Association of Insurance Commissioners (NAIC) data.
The table below depicts the largest car insurance companies in the United States based on the percentage of insured American drivers who use them.
Source: 2023 data from the National Association of Insurance Commissioners (NAIC)
Overview of Major Providers
The largest auto insurance companies are the ones you often hear about. Major players in the insurance industry include State Farm, Progressive, GEICO, Allstate, and USAA.
Key Features and Benefits
Take a look at several key features and benefits that the largest auto insurance companies are known for:
Regional Auto Insurance Companies
From the NAIC rankings, these are the largest auto insurance companies that operate in specific regions or states:
- American Automobile Association (AAA)
- Auto-Owners Insurance
- Erie Insurance
- CSAA
- Kemper
- Mercury Insurance
- AAA Michigan
- Sentry Insurance
- Hanover Insurance
- MAPFRE
- Alfa Insurance
- Amica Insurance
- Country Financial
- Southern Farm Bureau
Best Regional Auto Insurance Companies
The best regional auto insurance companies include the AAA, Auto-Owners, Erie, and Amica. While these companies don’t operate nationwide, they hold some of the largest market shares in the U.S.
Coverage Options and Specialties
The table below lists popular regional insurers and their key characteristics:
Comparing Auto Insurance Companies
Factors to Consider When Comparing
Some factors you’ll want to consider when comparing car insurance companies include the company’s:
- Coverage options
- Affordability
- Perks and benefits
- Availability
- Discount opportunities
- Reputation
- Digital experience
How to Use Comparison Tools
Online comparison tools gather quotes from different car insurance companies so you can compare them side-by-side. The process is simple. You’ll be asked a few questions about your personal information, vehicle specifics, driving history, coverage needs, etc. So you want to have some documentation on hand, including your driver’s license and a document with your vehicle’s VIN (registration, title, previous insurance card, etc.).
After you input your information, the comparison tool will show you quotes from various companies that offer the coverage you need. You may need to finalize and purchase your policy on the insurer’s website, but some websites let you buy directly from the comparison site.
Specialty Auto Insurance Companies
Providers for High-Risk Drivers
Finding insurance as a high-risk driver may be more challenging. Fortunately, major car insurance players, like State Farm, Progressive, and GEICO, offer coverage for high-risk drivers, some even at a competitive rate.
Classic and Antique Car Insurance Providers
These car insurance providers specialize in coverage for classic and antique cars. Leading companies in this space include American Collectors Insurance, Hagerty Insurance Agency, Safeco Insurance Group, State Farm Auto Insurance, and J.C. Taylor Insurance.
To learn more, check out our guide to choosing a classic car insurance company.
Tips for Choosing the Right Auto Insurance Company
Assessing Your Coverage Needs
Building your car insurance policy is like building a house. The first step is to establish your foundation. This is your state minimum car insurance requirements in a car insurance policy. In general, you want your liability coverages to exceed your net worth.
The next step is to build your structure. Like your roof and windows, coverages like collision and comprehensive insurance protect your property from various risks. Other essential coverages depend on your situation.
The final step is to fortify your structure. Optional coverages, such as rental car reimbursement or roadside assistance, increase your protection. These depend on your driving habits and individual situation.
Reading Customer Reviews and Ratings
You can use several metrics to gauge a company’s reputation and where you can find it, including:
- Financial strength A.M. Best, Fitch, S&P, Moodys
- Customer satisfaction: JD Power Auto Insurance Customer Satisfaction Survey
- Claims satisfaction: JD Power Auto Insurance Claims Satisfaction Survey
- Complaint Index: National Association of Insurance Commissioners (NAIC) Complaint Index
- Consumer reviews: Websites with user-verified testimonials (Better Business Bureau, Trustpilot, Consumer Affairs, etc.)
Understanding Policy Terms and Conditions
After purchasing your policy, read through it to understand what it encompasses. These are several parts of your insurance policy you’ll want to pay attention to.
- Covered drivers
- Coverage types and risk inclusions
- Exclusion, limitations, and conditions
- Policy effective period
- Premium amount
- Coverage limits
- Deductible amounts
- Endorsements (optional coverages)
- Discounts
Insurance companies must also add a key term definition section to their policies. Reading this could help you better understand your coverage’s terms and conditions. If you still have questions, speak to your local insurance agent for assistance.
Largest Car Insurance Companies FAQ
Some things to look for in an auto insurance company include financial stability, customer service ratings, coverage options, discounts, and the ease of filing claims.
Regional companies aren’t necessarily better than national ones, but it depends on your circumstances. These providers can offer more personalized service and better rates in specific areas, while national companies provide broader coverage options.
You can find reviews for auto insurance companies by checking online review sites, reading consumer reports, and asking friends and family for recommendations.
The benefit of auto insurance comparison tools is that they quickly compare quotes, coverage options, and customer reviews from multiple companies.
You can switch auto insurance companies at any time; most allow you to do it for free. But it’s important to check if your insurer has cancellation fees. In that case, it’s best to cancel near the end of your policy term.
Chime® Checking Account
Set up Direct Deposit and get your paycheck up to 2 days before your coworkers.** No overdraft fees. No monthly fees.
