State Farm is the largest provider of property and accident insurance and auto insurance in the United States. It is estimated that the 10 largest insurance companies in the US account for 74% of the auto insurance coverage market. State Farm, which holds 16% of the entire auto insurance market, is the number one largest auto insurer in the country. It was founded in 1922 and now has more than 18,000 agents in the United States.
It is one of the most affordable coverage options for young and older drivers, as well as for those who have previous incidents on their records. GEICO is a good choice for those who want an insurer with a convenient app, although its customer service is close to the national average for auto insurers. Progressive is often an affordable alternative not only for car insurance, but also for motorcycle coverage and other products. Allstate has higher-than-average rates compared to other larger auto insurance companies, but its local presence could make it attractive to some buyers.
USAA is one of the best and cheapest insurance companies in the country for members of the military and their families. Compared to other larger companies, even GEICO, USAA is the cheapest option for coverage. Liberty Mutual has a wide range of discounts that could result in substantial savings for some drivers. Farmers Insurance has a great reputation for quality customer service, although its rates are more expensive than those of other large insurance companies.
Nationwide has affordable coverage compared to other large insurance companies, but its customer service is poor. American Family only offers car insurance in 19 states (many of them in the central part of the country). Travelers has lower than average claim satisfaction, although their average rates make them a mixed choice for many buyers.
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