10 Largest Auto Insurance Companies in United States (2022)

The top ten insurance firms write 75 percent of all automobile insurance policies. State Farm has the largest market share, with 16%. While the largest businesses insure a significant number of policies, they differ in terms of price, service quality, and a variety of other factors. Compare the ten largest vehicle insurance companies in the United States and what makes each distinct to help you choose the best insurance provider for you. However, the top ten insurance firms in the United States, as stated below, offer a variety of insurance rates, client claims experiences, and benefits. We constantly advocate checking quotes from different insurers to discover the lowest deal for buyers looking for low rates.

 

What are the largest auto insurance companies in the United States?

 

1. State Farm

State Farm auto insurance is an excellent auto insurance provider for anyone looking for a local agent, a personalized service, and lower-than-average rates. State Farm auto insurance is the largest vehicle insurance provider in the United States, with a 16 percent market share. State Farm auto insurance receives almost 15% of all private passenger auto premium payments in the United States.

Approximately 60,000 employees and nearly 19,000 agents work for the organization. State Farm auto insurance is a mutual insurance firm, which means that its policyholders own the company. State Farm auto insurance was the lowest vehicle insurance provider in most of the United States among the largest and most generally available car insurers on this list.

 

  • Average annual premium: $1,310
  • Market share: 16%
  • Premiums written: $40.4 bn
  • ValuePenguin rating: 4.5/5
  • J.D. Power customer satisfaction score: 892

 

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