Top 10 U.S. Auto Insurance Companies
Key takeaways
- State Farm and Progressive are the largest U.S. auto insurance companies.
- State Farm and USAA are the cheapest large car insurance companies.
Which is the largest auto insurance company?
State Farm is the nation’s largest auto insurance company. It has an 18.9% share of the U.S. car insurance market, based on written premiums Written premium is the total amount insurance companies bill for all the policies they have sold. . This is only slightly more than Progressive’s 16.7% market share.
Top 10 U.S. car insurance companies
| Company | Market share | LendingTree score | |
|---|---|---|---|
 | State Farm | 18.9% |  |
 | Progressive | 16.7% |  |
 | Geico | 11.6% |  |
 | Allstate | 10.2% |  |
 | USAA | 6.2% | |
 | Farmers | 3.8% | |
 | Liberty Mutual | 3.3% | |
 | Travelers | 2.0% | |
 | AAA | 1.8% |  |
 | American Family | 1.7% | |
The 10 largest car insurance companies account for 76.2% of the U.S. auto insurance market. These companies are available in most states and are usually easy to contact for quotes.
Here’s how the top car insurance companies stack up on factors like price and coverage options. Our car insurance comparison includes ratings from J.D. Power J.D. Power’s satisfaction scores are based on customer surveys rating companies on factors like price, coverage options and problem resolution. and the National Association of Insurance Commissioners The NAIC rates companies on confirmed complaints by size. A confirmed complaint is one that leads to a finding of fault. (NAIC).
Largest car insurance companies at a glance
1. State Farm
Monthly full coverage Full coverage includes collision and comprehensive, which cover your own car for damage and theft. rate: $134
Satisfaction score: 657 (Good)
Complaint rating: 0.84 (Good)
Financial strength: A++
LendingTree score: 4.5 out of 5
Why people like State Farm
Good satisfaction and complaint scores show State Farm generally provides quality service at a good price. Its website and smartphone app make it easy to get quotes and manage your policy from anywhere. If you prefer more personalized service, you can usually find a nearby agent.
State Farm offers all the essential car insurance coverages like liability Liability insurance covers injuries and property damage you cause to others. It’s required by law in almost every state. , collision Collision covers damage to your car from a collision with another vehicle or object. and comprehensive Comprehensive covers your car for theft and damage from non-collision causes, like fire, flood and vandalism. . It also offers useful extras like rental car reimbursement and rideshare insurance. However, it does not have gap insurance or accident forgiveness.
2. Progressive
Monthly full coverage rate: $173
Satisfaction score: 622 (Not good)
Complaint rating: 0.61 (Good)
Financial strength: A+
LendingTree score: 4 out of 5
Why people like Progressive
Progressive offers several easy-to-earn discounts that can make it more affordable. These include discounts for getting a quote online and setting up automatic payments. You can get another discount for owning your home. Like most companies, Progressive also gives you a discount for bundling car and home insurance or other policy types.
Progressive offers a few more optional coverages than State Farm. These include accident forgiveness and loan/lease payoff, a form of gap insurance. The company offers online quotes. Many independent insurance agents also offer Progressive quotes.
3. Geico
Monthly full coverage rate: $176
Satisfaction score: 637 (Not good)
Complaint rating: 0.75 (Good)
Financial strength: A++
LendingTree score: 3.5 out of 5
Why people like Geico
Geico is famous for quickly providing car insurance quotes online or by phone. However, its bad satisfaction score suggests that easy shopping doesn’t always lead to happy customers. The company doesn’t offer its own home or renters insurance, but a Geico agent can get these policies for you from other companies.
Geico’s military discounts are available to active duty and retired service members, reservists and guardsmen. Geico also gives discounts to federal employees and members of more than 500 business, professional and alumni groups.
4. Allstate
Monthly full coverage rate: $247
Satisfaction score: 635 (Not good)
Complaint rating: 0.70 (Good)
Financial strength: A+
LendingTree score: 3 out of 5
Why people like Allstate
Allstate’s good complaint score means it’s usually fair and prompt with claims. However, its low satisfaction score means it doesn’t make its customers as happy as other companies do.
The company’s standalone car insurance rates are high. The discount you get for bundling your car insurance with a home or renters policy makes them more affordable.
Allstate’s Milewise program is a good option for people who don’t drive much. With Milewise, your rate is based on the number of miles you drive. The less you drive, the more you save.
5. USAA
Monthly full coverage rate: $110
Satisfaction score: 739 (Excellent)
Complaint rating: 0.97 (Average)
Financial strength: A++
LendingTree score: 4 out of 5
Why people like USAA
USAA is only available to current and former members of the military and their families. Its high satisfaction score suggests its customers love its combination of price, coverage and service. The company’s rates are usually lower than local averages in most states. The discounts you get for bundling with a home or renters policy makes it even more affordable.
USAA offers quotes by phone and through its website. Its smartphone app makes it easy to manage your policy and even file a claim. However, you don’t get a specific agent to work with on an ongoing basis. Instead, you usually get a different agent each time you call its service center for help.
6. Farmers
Monthly full coverage rate: $289
Satisfaction score: 619 (Not good)
Complaint rating: 1.32 (Not good)
Financial strength: A
LendingTree score: 3 out of 5
Why people like Farmers
Farmers’ original equipment manufacturer (OEM) Pays to replace damaged parts with factory originals, instead of after-market substitutes. coverage can come in handy after an accident. Farmers also offers accident forgiveness, gap insurance and other potentially useful add-ons.
The company has an affinity discount for drivers in certain professions. It also offers a military discount to active duty, retired and honorably discharged service members. However, a bad satisfaction score and complaint rating means it has more unhappy customers than other companies.
7. Liberty Mutual
Monthly full coverage rate: Not available
Satisfaction score: 612 (Not good)
Complaint rating: 1.26 (Not good)
Financial strength: A
LendingTree score: 3 out of 5
Why people like Liberty Mutual
Liberty Mutual offers several coverage options for customizing your car insurance. These include OEM coverage, gap insurance and accident forgiveness. You can get a military discount if you’re on active duty, retired or a reservist. The company also has a discounted insurance package just for teachers Liberty Mutual’s teacher’s package includes coverage for teaching materials stolen from your car and vandalism to your car while on school property. .
Liberty Mutual offers quotes online and by phone. It also offers personalized service through independent insurance agents in most areas. However, its bad satisfaction score and complaint rating are causes for concern.
8. Travelers
Monthly full coverage rate: $151
Satisfaction score: 616 (Not good)
Complaint rating: 0.45 (Excellent)
Financial strength: A++
LendingTree score: 4.5 out of 5
Why people like Travelers
Travelers gets mixed customer service reviews. Its complaint rating shows that it does an excellent job of handling claims. However, a bad satisfaction score means customers are not always happy with Travelers’ prices, service or coverage.
The company does offer flexible coverage options like gap insurance and accident forgiveness. It also offers several discounts that make its rates more affordable. These include discounts for having a new car, owning your home and/or driving a hybrid or electric vehicle.
9. AAA
Monthly full coverage rate: $249
Satisfaction score: 658 (Good)
Complaint rating: 1.22 (Not good)
Financial strength: A+
LendingTree score: 2.5 out of 5
Why people like AAA
AAA’s car insurance is especially popular in California, Texas and the Southwest. Its satisfaction scores are well above the averages in all three areas. Its car insurance rates are near or below state averages in California and Michigan.
In most states, AAA offers basic coverages like liability, collision and comprehensive. It has gap insurance and accident forgiveness in some states, including Michigan and Minnesota.
In many areas, you have to be a AAA member to get AAA insurance. Membership fees begin at about $65 a year for a basic membership.
10. American Family
Monthly full coverage rate: $168
Satisfaction score: 660 (Excellent)
Complaint rating: 0.47 (Excellent)
Financial strength: A
LendingTree score: 4 out of 5
Why people like American Family
A good satisfaction rating and excellent complaint rating make American Family easy to like. Its good satisfaction scores means its customers like their rates, coverage and service. Its complaint rating suggests it does an excellent job paying claims.
American Family’s discounts include one for getting a quote at least seven days before your policy begins. It also offers pay-per-mile insurance with MileMyWay. The program can save you a lot of money if you drive fewer than 8,000 miles a year.
Cheapest large car insurance companies
State Farm is the cheapest large car insurance company for most drivers. Its rates average $661 a year, or $55 a month, for liability insurance. It charges an average of $134 a month for full coverage.
USAA is cheaper, but it’s only available to the military community.
American Family has the second-cheapest liability insurance for most drivers, with rates that average $63 a month. Travelers comes in second for full coverage, at $150 a month.
Large company car insurance rates
| Company | Annual rate liability | Annual rate full coverage |
|---|---|---|
| State Farm | $661 | $1,604 |
| American Family | $751 | $2,019 |
| Travelers | $792 | $1,806 |
| Geico | $797 | $2,109 |
| Progressive | $801 | $2,078 |
| AAA | $1,086 | $2,988 |
| Allstate | $1,344 | $2,960 |
| Farmers | $1,363 | $3,462 |
| USAA* | $437 | $1,322 |
*USAA is only available to current and former members of the military and their families.
Large car insurance company ratings
USAA and American Family have the best satisfaction ratings from J.D. Power for large companies.
Travelers and American Family have the best NAIC complaint ratings for large companies. Both companies have half as many complaints as average.
American Family is the only company with excellent ratings from both J.D. Power and the NAIC. This gives it the best combined customer service score for large companies.
All 10 companies are rated A or better A++ is AM Best’s highest rating, followed by A+ and A. by AM Best for financial strength. Among other things, financial strength reflects a company’s ability to pay claims.
Insurance company ratings
| Company | Satisfaction score** | Complaint rating*** | Financial strength |
|---|---|---|---|
| AAA | 658 | 1.22 | A+ |
| Allstate | 635 | 0.7 | A+ |
| American Family | 660 | 0.47 | A |
| Farmers | 619 | 1.32 | A |
| Geico | 637 | 0.75 | A++ |
| Liberty Mutual | 612 | 1.26 | A |
| Progressive | 622 | 0.61 | A+ |
| State Farm | 657 | 0.84 | A++ |
| Travelers | 616 | 0.45 | A++ |
| USAA | 739 | 0.97 | A++ |
Sources: **J.D. Power 2024 U.S. Auto Insurance Study (higher scores are better, 644 is average). *** NAIC 2024 complaint data (lower scores are better, 1.0 is average).
Which is the largest car insurance company in my state?
State Farm is the largest car insurance company in 29 states, including California. Progressive is the largest in 29 states, including Texas and Florida. Geico is the top auto insurer in five states, including New York and New Jersey.
Largest car insurance companies by state
| State | Largest Company |
|---|---|
| Alabama | State Farm |
| Alaska | State Farm |
| Arizona | Progressive |
| Arkansas | State Farm |
| California | State Farm |
| Colorado | State Farm |
| Connecticut | Progressive |
| Delaware | State Farm |
| Florida | Progressive |
| Georgia | State Farm |
| Hawaii | Geico |
| Idaho | Progressive |
| Illinois | State Farm |
| Indiana | State Farm |
| Iowa | Progressive |
| Kansas | State Farm |
| Kentucky | State Farm |
| Louisiana | State Farm |
| Maine | Progressive |
| Maryland | Geico |
| Massachusetts | Mapfre |
| Michigan | Progressive |
| Minnesota | State Farm |
| Mississippi | State Farm |
| Missouri | State Farm |
| Montana | State Farm |
| Nebraska | State Farm |
| Nevada | Progressive |
| New Hampshire | Progressive |
| New Jersey | Geico |
| New Mexico | State Farm |
| New York | Geico |
| North Carolina | Allstate Corp |
| North Dakota | Progressive |
| Ohio | State Farm |
| Oklahoma | State Farm |
| Oregon | State Farm |
| Pennsylvania | State Farm |
| Rhode Island | Progressive |
| South Carolina | State Farm |
| South Dakota | State Farm |
| Tennessee | State Farm |
| Texas | Progressive |
| Utah | Progressive |
| Vermont | Progressive |
| Virginia | State Farm |
| Washington | State Farm |
| Washington, D.C. | Geico |
| West Virginia | State Farm |
| Wisconsin | Progressive |
| Wyoming | State Farm |
Pros and cons of large car insurance companies
Large car insurance companies have more resources than smaller ones. This usually includes larger customer service and claims departments than smaller companies. Large companies also tend to have more sophisticated websites and smartphone apps.
These advantages don’t always translate into cheaper prices or better customer service.
At least five regional companies, including NYCM and Erie, are cheaper than State Farm. At least six small companies have better satisfaction ratings than Travelers.
This is one reason why it’s good to compare car insurance quotes from companies of all sizes.
Small vs. large company comparison
| Company | Full coverage | Satisfaction score |
|---|---|---|
| NYCM | $1,327 | 659 |
| Erie | $1,375 | 700 |
| Hanover | $1,453 | 631 |
| Westfield | $1,481 | 676 |
| Country Financial | $1,491 | 665 |
| State Farm | $1,604 | 657 |
| Mercury | $1,707 | 596 |
| Auto-Owners | $1,740 | 654 |
| Travelers | $1,806 | 616 |
Frequently asked questions
No. Large car insurance companies are not always cheaper than small ones. Regional companies like Erie, Country Financial and Auto-Owners can be cheaper than large ones. Your car insurance rate depends on factors like your location and credit. It’s good to compare quotes from companies of all sizes when you shop.
You usually need your driver’s license and vehicle registration to get a car insurance quote. You should also pull up your current policy’s declarations, or dec page, if you have one. If you have other drivers on your policy, you’ll need to confirm their names and birthdates for a quote.
Progressive is a larger car insurance company than Allstate. Progressive is the nation’s second-largest auto insurer. Allstate ranks fourth. However, Allstate is a much larger homeowners insurance company than Progressive.
Progressive is a larger car insurance company than Geico. Progressive has a 16.7% share of the U.S. car insurance market, compared to Geico’s 11.6% share. Progressive is also the nation’s 12th largest home insurance company. Geico does not offer home insurance.