Updated: June 3, 2025
Advertising & Editorial Disclosure
State Farm, Progressive and GEICO are the largest car insurance companies in 2025, holding market shares of 16.8%, 14.1% and 13.8%, respectively.
USAA, State Farm and Nationwide offer the cheapest average annual premiums at $679, $883 and $930, but USAA is limited to military members.
Larger insurers dominate the market due to their financial strength, wide availability and robust claims-handling systems.
Hundreds of companies offer auto insurance in the U.S., but just 10 insurers control 77% of the market. These top providers combine popularity with financial strength, national reach and dependable claims service.
Choosing from this list of major insurers helps ensure you're working with a stable company that can pay claims and support you long term. The table below shows the top 10 car insurance companies in 2025, ranked by market share and rated by AM Best for financial strength.
Company | NAIC Market Share % | AM Best Financial Strength Rating |
|---|---|---|
16.8% | A++ | |
14.1% | A+ | |
13.8% | A++ | |
10.7% | A+ | |
5.9% | A++ | |
5.0% | A | |
4.6% | A- | |
2.1% | A++ | |
2.1% | A | |
2.0% | A+ |
Note: Market share data is based on the NAIC's Market Share Report, showing how much of the auto insurance market each company holds. AM Best rates insurers’ financial strength, with A++ to A- indicating strong claims-paying ability.
You might recognize the biggest names in car insurance, but the best company for you depends on where you live, how much coverage you need and what fits your budget. We evaluated top insurers based on affordability, customer satisfaction, claims handling and more to help you find the best car insurance for your unique needs.
Founded in 1936, GEICO is now a subsidiary of Berkshire Hathaway and one of the largest auto insurers in the U.S., holding 13.76% of the market share. It insures over 28 million vehicles and offers 24/7 customer support through its app, website and phone. GEICO is also known for its military-focused coverage, staffed by veterans.
Travelers has been in business for over 165 years and offers multiple coverage types including home, landlord and boat insurance. With 12,000+ dedicated claims representatives and a network of 13,500 independent agents, the company provides faster claims handling and broad accessibility. Travelers holds 2.11% of the U.S. auto insurance market.
Read MoneyGeek's Travelers Auto Insurance Review
USAA caters to active-duty military members, veterans and their families, and has done so since its founding in 1922. It offers a wide array of insurance and banking products, including home, flood and life insurance as well as checking and savings accounts and other financial services. USAA holds 5.92% of the market share, and its customers can save $725 per year on premiums.
State Farm is the largest auto insurance company in the U.S., holding 16.84% of the market share. Founded in 1922, it offers multiple insurance products including auto, home, life, rental and rideshare insurance, available in all 50 states. With more than 19,000 local agents and 91 million policies written, State Farm provides accessibility and personalized service. The company also offers options tailored to teen drivers.
Read MoneyGeek's State Farm Auto Insurance Review
Progressive is the second-largest auto insurer in the U.S., holding 14.1% of the market share as of 2022. Known for its “Flo” commercials and digital tools, Progressive lets customers compare rates from multiple insurers in one place, making it easy to find competitive pricing.
The company claims drivers can save an average of $650 by switching. Founded in 1937, Progressive now serves over 21 million policyholders and works with more than 38,000 independent agents nationwide.
Read MoneyGeek's Progressive Auto Insurance Review
American Family holds 2.11% of the auto insurance market and is a solid option for drivers looking for flexible, customer-focused coverage. In addition to standard protections like liability, collision and comprehensive, it offers valuable add-ons such as rental reimbursement, emergency road service and gap insurance. This variety makes it easy to customize a policy to fit your specific needs.
Read MoneyGeek's American Family Insurance Auto Insurance Review
Nationwide has been in business since 1925 and holds 1.99% of the U.S. auto insurance market. It operates several affiliates, including Allied, Farmland and Scottsdale, and also offers financial services. You can get a quote in under seven minutes, and drivers who enroll in its SmartRide program receive an automatic 15% discount, with potential savings of up to 40% based on driving habits.
Founded in 1931 as part of Sears Roebuck and Co., Allstate now insures about 16 million households and holds 10.69% of the auto insurance market, according to the NAIC. It supports 189.1 million policies with over 45,000 employees and 8,400 exclusive agents. Allstate uses the "You're in good hands" slogan and offers features like safe driving discounts and accident forgiveness, but availability varies by state. The company also provides coverage options for high-value stereo systems.
Read MoneyGeek's Allstate Auto Insurance Review
Farmers holds 4.55% of the U.S. auto insurance market, supported by over 48,000 agents and nearly 21,000 employees. Founded in 1928, the company now writes more than 19 million policies and features J.K. Simmons in its ads along with the signature jingle.
With strong local agent support, you can easily speak with a representative to explore your coverage options. Farmers also offers a car-shopping service to help simplify both buying and insuring a vehicle.
Read MoneyGeek's Farmers Auto Insurance Review
Drivers seeking the best auto insurance should always check out the specific offerings for their state for the most accurate rates. Use the table below to discover the best car insurance provider in your state. Click your state to learn more about the best car insurance in your state by driver profile and coverage needs.
| Alabama | Cincinnati Insurance | 93 | $717 | $60 |
| Alaska | Progressive | 89 | $1,180 | $98 |
| Arizona | Auto-Owners Insurance Co | 89 | $767 | $64 |
| Arkansas | Shelter | 91 | $1,143 | $95 |
| California | Chubb | 93 | $1,868 | $156 |
| Colorado | Acuity | 94 | $1,331 | $111 |
| Connecticut | Amica Mutual | 91 | $868 | $72 |
| Delaware | Travelers | 90 | $904 | $75 |
| District of Columbia | Chubb | 93 | $1,380 | $115 |
| Florida | Allstate | 86 | $1,965 | $164 |
| Georgia | Auto-Owners Insurance Co | 92 | $778 | $65 |
| Hawaii | Progressive | 89 | $1,243 | $104 |
| Idaho | American National P&C | 90 | $299 | $25 |
| Illinois | Westfield | 91 | $863 | $72 |
| Indiana | Westfield | 91 | $684 | $57 |
| Iowa | Westfield | 91 | $717 | $60 |
| Kansas | Shelter | 91 | $1,027 | $86 |
| Kentucky | Cincinnati Insurance | 93 | $825 | $69 |
| Louisiana | Progressive | 87 | $1,847 | $154 |
| Maine | Travelers | 85 | $656 | $55 |
| Maryland | Erie | 91 | $1,137 | $95 |
| Massachusetts | Chubb | 93 | $1,008 | $84 |
| Michigan | Chubb | 93 | $961 | $80 |
| Minnesota | Westfield | 91 | $866 | $72 |
| Mississippi | Shelter | 90 | $1,319 | $110 |
| Missouri | Shelter | 90 | $1,616 | $135 |
| Montana | GEICO | 86 | $1,167 | $97 |
| Nebraska | Shelter | 91 | $1,095 | $91 |
| Nevada | American Family | 89 | $1,389 | $116 |
| New Hampshire | Hanover | 86 | $3,166 | $264 |
| New Jersey | Amica Mutual | 92 | $944 | $79 |
| New Mexico | State Farm | 86 | $654 | $55 |
| New York | Chubb | 93 | $2,318 | $193 |
| North Carolina | Erie | 90 | $630 | $52 |
| North Dakota | Grinnell Mutual | 89 | $911 | $76 |
| Ohio | Cincinnati Insurance | 93 | $711 | $59 |
| Oklahoma | Shelter | 91 | $1,163 | $97 |
| Oregon | American Family | 89 | $925 | $77 |
| Pennsylvania | Chubb | 93 | $1,252 | $104 |
| Rhode Island | Amica Mutual | 91 | $1,072 | $89 |
| South Carolina | Auto-Owners Insurance Co | 92 | $842 | $70 |
| South Dakota | Western National | 91 | $1,119 | $93 |
| Tennessee | Cincinnati Insurance | 93 | $867 | $72 |
| Texas | Chubb | 93 | $1,371 | $114 |
| Utah | Auto-Owners Insurance Co | 89 | $726 | $60 |
| Vermont | American Family | 89 | $594 | $50 |
| Virginia | Cincinnati Insurance | 93 | $831 | $69 |
| Washington | Chubb | 93 | $1,026 | $85 |
| West Virginia | Westfield | 91 | $1,021 | $85 |
| Wisconsin | Acuity | 94 | $960 | $80 |
| Wyoming | Allstate | 86 | $913 | $76 |
Affordability is a key factor for many people when choosing a policy. We've compiled a list of the cheapest car insurance companies, but remember that low cost doesn't always equal high value.
Consider the quality of coverage, customer service and claim satisfaction in addition to price. Explore our list to discover the cheapest car insurance companies at a national level.
| USAA | $679 | $57 |
| State Farm | $883 | $74 |
| Nationwide | $930 | $78 |
| GEICO | $936 | $78 |
| Travelers | $1,037 | $86 |
| Progressive | $1,120 | $93 |
| Allstate | $1,124 | $94 |
| Farmers | $1,192 | $99 |
While premiums vary widely based on location, driving history and vehicle type, some companies consistently offer competitive rates.
Car insurance costs vary by state. We've compiled the cheapest car insurance companies by state to help you find affordable coverage that meets your state's minimum requirements. Click your state to learn more about rates by driver profile and coverage needs.
Buying car insurance doesn't have to be complicated. Start by figuring out how much coverage you need based on your budget and risk level. Then gather basic details like your vehicle's make and model, your driving history and your personal information to generate accurate quotes.
You can request quotes online or by speaking with a company representative. To find the best rate, compare at least three quotes. Our car insurance calculator analyzes over 2 million quotes from 67 insurers across 897 ZIP codes to estimate your costs based on your profile. It's free, safe and doesn't require personal data.
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Jun 06, 2025
| Insurance Carrier | MoneyGeek ScoreMG Score | Average Monthly Payment | |
|---|---|---|---|
| 1 |  Capital Insurance Group | 94 /of 100 | $87 |
| 2 |  GEICO | 82 /of 100 | $109 |
| 3 | 83 /of 100 | $118 | |
| 4 | 83 /of 100 | $129 | |
| 5 | 79 /of 100 | $133 | |
| 6 | 77 /of 100 | $151 |
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Choosing a major auto insurance company often means better resources, faster claims processing and access to a well-established customer service system. These companies also tend to have thousands of customer reviews, making it easier to evaluate their service quality and reliability.
Established insurance companies often have strong reputations built over time, but not all are quick to adopt modern tech. Many of the largest providers now offer digital tools that make managing your policy easier and more personalized. Here are a few standout features to consider when comparing insurers:
Set your budget and explore coverage options based on what you’re willing to pay, whether you’re shopping for liability-only car insurance or full coverage.
Lets you manage claims, upload documents, track policy info and request roadside assistance directly from your phone.
Offers feedback on your driving habits and up to 40% in savings through a usage-based app or plug-in device.
State Farm, Progressive and GEICO are the largest car insurance companies in 2025, dominating the market with financial strength and wide availability. Choosing the right car insurance means finding coverage that fits your unique needs and budget, not just picking the biggest provider or cheapest policy.
Whether you prefer a large insurer with robust resources or a smaller company with personalized service, understanding your options helps you choose the best coverage.
If you're comparing car insurance companies, you probably have questions about how they differ, which ones are right for your needs and what to look for beyond price. Here are answers to some of the most common questions shoppers ask.
Look for a balance of affordability, coverage options, financial strength and customer service. Check third-party ratings like AM Best (financial stability) and J.D. Power (satisfaction) to assess an insurer's reliability beyond just price.
National insurers offer broader availability and more digital tools, while regional insurers provide more personalized service and local expertise. Depending on where you live, a regional company might offer better rates or coverage tailored to state-specific laws.
Yes, many smaller companies are trustworthy and financially stable. They're often backed by strong financial ratings and can offer competitive rates with more personalized service. Check customer reviews and financial strength scores.
Most insurers offer standard coverage like liability, collision and comprehensive, but add-ons vary. Features like accident forgiveness, vanishing deductibles or usage-based discounts differ by provider, so compare policy options before choosing.
USAA consistently ranks among the top car insurance companies for military members and their families. It offers low rates, excellent customer service and military-specific perks but is only available to current and former service members and their eligible relatives.
Why Trust MoneyGeek? We collected quotes from Quadrant Information Services and state departments of insurance to analyze how insurers stack up in a cost comparison. To determine the largest providers by market share and financial stability and create our best ranking system, we utilized data from reputable sources including J.D. Power, AM Best and the National Association of Insurance Commissioners.
Overview
MoneyGeek collected data from reputable sources to discover the financial stability and the largest insurers by market share. We reviewed premium costs and ratings for both large and small providers to determine the best and cheapest car insurance companies nationally as well as by state.
Data Acquisition and Depth
MoneyGeek scores take into account industry-leading evaluations, such as J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC). Quotes were collected in association with Quadrant Information Services. We analyzed 2,118,312 quotes from 67 companies across 897 ZIP codes.
Driver profile
MoneyGeek uses a standard profile to obtain average rates. The profile was modified by age, geographic location, driving history, car and coverage type, low mileage and military association to discover particular rates. The standard profile includes:
MoneyGeek Scoring Methodology
MoneyGeek applied the following weightings to create a composite MoneyGeek score out of 100.
Learn more about MoneyGeek’s car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a 5-time Jeopardy champion!
He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
