Which Companies Offer Car Insurance? The Biggest & Most Stable Car Insurance Companies in '21

Travelers provides more insurance options than its name suggests. Customers can find similar offerings as the other largest car insurance companies on this list, like home, landlord and boat insurance. The company has been around for over 160 years. Travelers employs over 12,000 dedicated claims representatives. The high number of representatives translates to shorter wait times compared to companies with fewer reps and more customers. Additionally, they have 13,500 agents and about 30,000 employees. Travelers holds 1.96% of the market share.

Established in 1936 as the Government Employees Insurance Company (hence their current name), GEICO has been a subsidiary of the Berkshire Hathaway Group since 1996 and you’ve likely come across their many mascots (notably the gecko and caveman) over the years. Their parent company boasts 13.69% of the market share, and GEICO itself insures more than 28 million vehicles. Customers can contact the company 24 hours a day, seven days a week via their app. There are also contact options on the website or by telephone. GEICO also offers a military auto insurance section, staffed by veterans.

USAA caters to military members and their families, and has done so since its founding in 1922. They offer a wide array of insurance and banking products, including home, flood and life insurance as well as checking and savings accounts and loans. According to USAA, which holds 5.55% of the market share, their customers can save $707 per year on premiums.

State Farm, famous for its “Like a good neighbor” slogan, holds 16.97% of the total market share, making it the largest auto insurance company in the country. State Farm has been around since 1922 and offers a wide array of insurance options, including home and life insurance, to customers in every state. It also offers nearly 19,000 agent offices to help provide in-person customer support. The company says that it handles nearly 36,000 claims per day. It’s also worth noting that State Farm offers car insurance options for teen drivers, as well as rental and rideshare vehicles.

Progressive says that it can save people an average of $750 on auto insurance when they switch, and the brand holds 11.80% of the market share. Popularized with commercials with the character Flo, the company’s main draw comes from its quote tool, which allows potential customers to see options from other insurance companies at the same time. Even if Progressive doesn’t have the lowest rate, you can quickly and easily weigh your options. Progressive was founded in 1937 and the company now has over 18 million customers and employs over 38,000 agents.

Founded in 1931 as part of Sears Roebuck and Co., Allstate now serves about 16 million households. The company holds 8.92% of the market share, according to the NAIC. The company’s, “You’re in good hands,” slogan is easily recognized thanks to its ads and its safe driving discount and accident forgiveness program help back that assertion up, with the latter giving customers peace of mind that their premium won’t go up after an accident. However, be aware that accident forgiveness isn’t available in all states. The company also offers coverage options for those who have expensive stereo systems that they want to protect, so that may be worth considering as well.

Nationwide has been in the insurance industry since 1925, and currently holds 2.65% of the market share. The company itself includes several affiliates, like Allied, Farmland and Scottsdale property and casualty companies, as well as financial services companies. You can get a quote from Nationwide in seven minutes or less, according to the site. And customers who choose to use “Smart Ride” (their version of a safe driving discount) can get an automatic 10% off their policy — up to 40% off depending on how their driving is evaluated.

Holding 4.65% of the market share, Liberty Mutual is well known for its “only human” marketing campaign and association with Statue of Liberty imagery. Liberty Mutual was founded in 1912 and spans property insurance, life policies and business insurance. Customers can save up to 30% by driving with a right-track plugin in their car for 90 days. The company has over 45,000 employees worldwide, and for the first quarter of 2020, it took in a net of $519 million. And for people who aren’t a fit or can’t qualify for Liberty Mutual’s car insurance, Safeco, a subsidiary, may be a good option.

With commercials starring Academy Award-winning actor J.K. Simmons (as well as their rather one-note jingle), Farmers has made a bit of a splash in the advertising world. That helped give it a top spot in the market share, of which it holds 4.35%. The company was founded in 1928, and it now holds over 19 million individual policies, and has over 48,000 exclusive and independent agents as well as almost 21,000 employees. That makes it easy to locate and speak with a representative to talk through your options. Farmers Insurance also offers a car-shopping service, which can help combine the buying and insuring processes.

American Family was founded in 1927 and currently holds 1.94% of the market share, coming in tenth out of the ten largest car insurance companies in the country. American Family has about 12,000 employees, spread across a 14-company enterprise. The company brand is built around the idea of helping families protect and restore their dreams. Customers will find a wide array of insurance products with the company, especially when compared with other nine companies listed.