“Top 10 Best Auto Insurance Company” exaplian:- U.S. In auto insurance market is dominated by some major players. In fact, the top ten auto insurance companies control over 70% of the markets. While the top ten insurance companies underwrite a large number of policies, they have very specific characteristics.
To help you choose the best insurance company for your situation, Made a list of the top ten largest auto insurance companies and discussed why each of them is unique.
Top 10 Best Auto Insurance Company in world wide
While looking at the ranking of top auto insurance companies in the United States, most names are recognizable due to their national television advertising campaigns. The top ten insurance companies offer different insurance rates, customer claims experience and features.
We are U.S. Discuss the top ten largest auto insurance companies and what you should know about each of them.
Top 10 Best Auto Insurance Company
- State Farm
- Liberty Mutual
- American Family
State Farm (Insurance company)
State farm acts as a reciprocal insurance company, which means that it is owned by its policyholders. State Farm US Is the largest auto insurance company and has 18% of the total market share available. U.S. One of the five dollars spent on a private passenger auto premium is paid to the state farm.
The company currently employs approximately 70,000 employees and has approximately 19,000 agents. According to its large market share, the state’s latest annual report shows a net profit of more than $ 1.7 billion.
GEICO (Insurance company)
Geeko, famous for his animated Gecko, has served as an underwriter for over 16 million auto policies, which insures over 24 million vehicles. In the shape of the company, it allows the employment of more than 36,000 people in nine regional offices, three service centers and three claims centers.
GEICO’s original client base included US government employees and military personnel. Today, the customer base of the insurance company has expanded to include people in the private sector.
Progressive (Insurance company)
Progressive – the country’s third largest insurance company – was established in 1937. The company provides the ability to buy auto insurance company online, or directly from the phone. Alternatively, customers can sign up through independent insurance agents.
The company employs more than 33,000 people and has more than 400 offices. Progressive is a publicly traded company.
Allstate (Insurance company)
Established in 1931, Allstate is America’s second largest publicly traded property and an accident company. Like the State Farm, the Allstate has a roster of local agents ready to meet your needs. The company currently employs more than 79,000 people. Allstate’s subsidiary company Assurance works in one place.
According to Alstate, the Assurance brand is targeted towards self-directed and brand-sensitive customers, while Allstate is ready for customers who enjoy local and personal services.
USAA (Insurance company)
USAA was founded by 25 Army officers who decided to insure each other’s vehicles in 1922. Today, the company serves millions of members of the US Army, including the following:
Current military member
Former military members
Military members family
Cadets or midshipmen
USAA is headquartered in San Antonio, Texas. The length of the corporate premises extends to three-quarters of a mile. USA A. is the largest private company in San Antonio.
Liberty Mutual (Insurance company)
Liberty Mutual U.S. Is one of the top insurance companies and has been around for almost 100 years. There is also a large international presence of Liberty Mutual with operations in 17 countries. International companies sell assets and accidents, health and life insurance policies.
The auto insurance industry is a major part of Liberty Mutual’s business, which shows 36% of its pure written premium as insurance as its latest annual report.
Farmers (Insurance company)
Farmers started in the form of an insurance company providing coverage to rural insurance farmers. Since then, it has evolved to become the seventh largest insurance company in the country. It is difficult to find an insurance company, which offers more product than the farmers.
It offers basic auto insurance (insurance), pet insurance, and even investment products among many other insurance products. Farmers employ about 21,000 people, which allow it to underwrite more than 19 million policies in 50 states.
Nationwide (Insurance company)
Nationwide, a Fortune 100 company, claims over $ 187 billion and other benefits to members in 2017. The company does business in many verticals, including financial services, commercial lines and individual lines in all 50 American states. Nationwide has contributed more than $ 430 million to non-profit organizations since 2000.
Travelers (Insurance company)
Travelers are over 160 years old, making it one of the oldest insurance companies of today. In fact, before the invention of the Ford Model-T, travelers had issued their first auto insurance policy in 1897.
The company has more than 30,000 employees and 13,500 independent agents and brokers in many countries including the United States, Canada and Brazil.
American Family (Insurance company)
The American family was founded with the initial goal of insuring the farmers. In the 1930s, the company expanded and started focusing on insuring non-farmers.
Today, the company is one of the largest insurance companies in the US In recent years, the American family paid more than $ 3 billion in home, auto and umbrella insurance claims. Top 10 Best Auto Insurance Company