Updated: July 5, 2025
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State Farm, Progressive and GEICO are the largest car insurance companies in 2025, holding market shares of 19%, 17% and 12%, respectively.
GEICO, Travelers and National General offer the cheapest monthly premiums for the average driver at $43, $50 and $50, respectively. These rates are for minimum coverage policies.
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 76% 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 |
|---|---|---|
19% | A++ | |
17% | A+ | |
12% | A++ | |
10% | A+ | |
6% | A++ | |
4% | A | |
3% | A | |
2% | A++ | |
2% | A | |
2% | 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.
Each major insurer has distinct strengths that make it better for different types of drivers. Here's what sets the top companies apart and who they serve best.
Travelers has been in business for over 165 years and offers multiple coverage types, including home, landlord and boat insurance. With more than 12,000 dedicated claims representatives and a network of 13,500 independent agents, the company provides faster claims handling and broad accessibility. Travelers holds about 2% of the U.S. auto insurance market.
Founded in 1936, GEICO is now a subsidiary of Berkshire Hathaway and one of the largest auto insurers in the U.S., holding about 12% 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.
Progressive is the second-largest auto insurer in the U.S., holding 17% of the market share. 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 over 38,000 independent agents nationwide.
State Farm is the largest auto insurance company in the U.S., holding about 19% 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.
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 about 6% of the market share.
Drivers seeking the best auto insurance should check out the specific offerings for their state for the most accurate rates. Insurance rates vary by state due to different regulations, weather patterns and claim frequencies. We analyzed the best-performing companies in each state based on rates, coverage options and customer satisfaction.
Use the table below to discover your state's best car insurance provider. Select your state to learn more about the rates by driver profile and coverage needs.
| Alabama | Cincinnati Insurance | 92 | $299 | $1,015 |
| Arkansas | Travelers | 93 | $496 | $1,069 |
| California | Progressive | 94 | $603 | $1,151 |
| District of Columbia | Erie Insurance | 94 | $661 | $1,301 |
| Georgia | Auto Owners | 93 | $547 | $1,201 |
| Hawaii | Farmers | 89 | $424 | $866 |
| Illinois | Auto Owners | 91 | $375 | $877 |
| Indiana | Grange Insurance | 92 | $434 | $765 |
| Iowa | Progressive | 96 | $242 | $926 |
| Kansas | Travelers | 92 | $407 | $910 |
| Louisiana | Progressive | 96 | $893 | $2,584 |
| Maryland | Travelers | 90 | $817 | $1,417 |
| Minnesota | Auto Owners | 91 | $403 | $897 |
| Mississippi | Progressive | 89 | $550 | $1,452 |
| Missouri | Travelers | 95 | $484 | $978 |
| Nebraska | Auto Owners | 92 | $338 | $826 |
| New Hampshire | Safety Insurance | 94 | $371 | $836 |
| New York | Progressive | 98 | $402 | $745 |
| North Carolina | Progressive | 96 | $425 | $737 |
| North Dakota | Progressive | 93 | $407 | $844 |
| Oregon | Progressive | 98 | $553 | $975 |
| Pennsylvania | Erie Insurance | 96 | $334 | $945 |
| Rhode Island | Amica | 91 | $534 | $1,176 |
| South Carolina | Auto Owners | 90 | $638 | $1,138 |
| Utah | Auto Owners | 94 | $632 | $1,130 |
| Vermont | State Farm | 87 | $256 | $665 |
| Washington | Farmers | 94 | $563 | $1,270 |
| West Virginia | Erie Insurance | 96 | $430 | $1,096 |
| Wisconsin | Travelers | 92 | $349 | $706 |
| Wyoming | Farmers | 88 | $308 | $999 |
Affordability is a key factor for many people when choosing a policy. We've compiled a list of the cheapest car insurance companies.
If you're shopping primarily on price, these companies offer the most competitive rates for minimum and full coverage policies across multiple states. Explore our list of the cheapest car insurance companies at a national level.
| Geico | $43 | $522 |
| Travelers | $50 | $601 |
| National General | $50 | $605 |
| State Farm | $51 | $616 |
| Amica | $56 | $670 |
| Chubb | $61 | $728 |
| Kemper | $62 | $744 |
| Progressive | $67 | $802 |
| AAA | $69 | $822 |
| Nationwide | $71 | $852 |
| Farmers | $78 | $938 |
| Allstate | $81 | $971 |
| AIG | $81 | $972 |
| UAIC | $119 | $1,433 |
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. The cheapest options vary by location due to different underwriting approaches and claims experience.
Select your state to learn more about rates by driver profile and coverage needs.
| Alabama | AIG | $268 | $817 |
| Arkansas | Farm Bureau | $383 | $1,032 |
| California | Geico | $465 | $1,085 |
| District of Columbia | Chubb | $352 | $1,300 |
| Georgia | Geico | $498 | $1,214 |
| Hawaii | Geico | $292 | $787 |
| Illinois | Geico | $368 | $830 |
| Indiana | Geico | $387 | $755 |
| Iowa | Travelers | $340 | $789 |
| Kansas | Geico | $309 | $853 |
| Louisiana | Geico | $659 | $1,894 |
| Maryland | Geico | $586 | $1,002 |
| Minnesota | Westfield Insurance | $231 | $986 |
| Mississippi | Farm Bureau | $402 | $1,140 |
| Missouri | Auto Owners | $402 | $948 |
| Nebraska | Farmers Mutual Ins Co of NE | $216 | $802 |
| New Hampshire | MMG Insurance | $382 | $718 |
| New York | NYCM Insurance | $305 | $700 |
| North Carolina | State Farm | $289 | $671 |
| North Dakota | Geico | $310 | $677 |
| Oregon | State Farm | $455 | $1,058 |
| Pennsylvania | Travelers | $359 | $815 |
| Rhode Island | State Farm | $500 | $1,025 |
| South Carolina | American National | $413 | $764 |
| Utah | Geico | $573 | $1,118 |
| Vermont | Co-operative Insurance | $189 | $604 |
| Washington | Geico | $503 | $1,214 |
| West Virginia | Westfield Insurance | $362 | $1,157 |
| Wisconsin | Geico | $249 | $655 |
| Wyoming | American National | $218 | $753 |
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:
Jul 09, 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.
Major insurance companies offer digital tools that simplify policy management and improve customer service. Here are key features that differentiate leading insurers:
Lets you manage claims, upload documents, track policy info and request roadside assistance directly from your phone.
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.
GEICO's mobile app and virtual assistant provide 24/7 support for filing claims, updating policies and tracking repairs, all without speaking to an agent.
Track your driving behavior to earn rewards and potential premium discounts. The app also offers crash detection and real-time driving insights.
Designed for military members and their families, SafePilot rewards safe driving habits with discounts up to 30%. The app also supports accident assistance and roadside services.
Offers feedback on your driving habits and up to 40% in savings through a usage-based app or plug-in device.
Car insurance doesn't have to drain your budget. You can reduce costs through discount stacking and policy optimization. Here's what works:
Combining your auto and home insurance with the same company usually saves money on both policies. Insurers prefer customers with multiple policies because they're less likely to switch companies, and insurers earn more revenue per customer. Even if the bundled rate isn't the cheapest for each individual policy, the combined savings often beat shopping separately.
Your driving history directly impacts your rates for three to five years. A single speeding ticket can increase premiums substantially, while a DUI can triple your costs. Many insurers offer accident forgiveness programs that protect your rates after your first minor incident. Safe driver discounts and telematics monitoring programs reward drivers who demonstrate safe habits.
Raising your deductible reduces your premium. But don't just chase the lowest monthly payment. Make sure you can comfortably afford the higher out-of-pocket cost if you need to file a claim. For older vehicles, consider dropping comprehensive and collision coverage entirely if the maximum payout doesn't justify the premium cost.
Most drivers miss these money-saving opportunities:
Insurance rates change frequently, and loyalty doesn't always pay. We found that switching car insurance companies can save drivers hundreds of dollars annually. Different insurers excel for different driver profiles. Compare quotes from at least three to five companies when your policy renews, focusing on total cost while ensuring coverage limits and deductibles match across quotes.
State Farm, Progressive, GEICO, Allstate and USAA are the largest car insurance companies, dominating the market with financial strength and wide availability. Choosing the right car insurance means finding coverage that fits your needs and budget, not just picking the biggest provider or cheapest policy. Our analysis shows that no single company is best for everyone, but clear patterns emerge for different driver profiles.
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. The key is getting quotes from multiple companies since rates vary based on your location, driving record and coverage needs.
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 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.
GEICO offers the lowest average rates in our analysis, with minimum coverage averaging $522 annually. However, the cheapest company varies by state and individual driver factors. Progressive, Travelers and State Farm also frequently offer competitive rates.
Minimum coverage meets your state's legal requirements, usually including liability for bodily injury and property damage. Full coverage adds comprehensive and collision insurance to protect your own vehicle from damage, theft and accidents.
Our Research Approach
Shopping for car insurance feels overwhelming when every company claims to offer the "best" coverage and rates. We designed our research to cut through the marketing noise and give you data-driven answers about which insurers actually deliver on their promises.
Our analysis focuses on what matters most when you're comparing car insurance: reliable financial protection at a fair price, backed by companies that handle claims well and stay financially stable when you need them most.
How We Gathered the Data
We collected 2,118,312 quotes from 67 companies across 897 ZIP codes through Quadrant Information Services to ensure our rate comparisons reflect real-world pricing. This massive dataset lets us show you what drivers actually pay, not just advertised rates.
For company evaluations, we used industry-standard sources that track insurer performance:
Our Sample Driver Profile
We use a standard profile to make fair comparisons across insurers, then adjust for different ages, locations, driving records and coverage needs:
Base Profile:
This profile represents a typical driver who wants solid financial protection without paying for unnecessary extras.
MoneyGeek Scoring System
We weigh factors based on what impacts your real-world experience with car insurance:
This weighting prioritizes customer experience over marketing promises, so you know which companies actually deliver when you need them most.
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.
