Top 10 Auto Insurance Companies in the USA

What are the top 10 car insurance companies by market share?

There are several ways to determine the top car insurance companies including reliability, claims hassles and handling, customer service and reputable company status and good name but total amount of car insurance market share a company has is a guiding statistic that correlates directly to how dependable a brand name is by the consumer. Every year the Insurance Information Institute of America publishes volumes of data about the auto insurance industry and this includes a list of the Top 10 car insurance companies by market share. In 2009 (most recent data available) the top car insurance companies in the US were:

Top 10 Car Insurance Companies by Market Share in 2009

Car Insurance CompanyMarket Share (2009) (Most Recent Data Available)
State Farm Mutual18.6%
Allstate10.5%
Berkshire Hathaway Inc (GEICO)8.2%
Progressive7.5%
Zurich Financial Services (Farmers)6.4%
Nationwide Mutual4.5%
Liberty Mutual4.4%
USAA Insurance4.1%
Travelers2.1%
American Family Mutual2.0%

Who has the Largest Part of the Insurance Market Share?

While some car insurance agencies have much more market share than their competitors one must always consider a number of factors when on the hunt for the best car insurance to buy. Some local car insurance companies have significant market share (such as Arbella Mutual in the New England states) but will never appear on any national top 10 list since they are only available in certain regions of the country. The largest US auto insurer across all regions will get the top 10 spot but does this mean you shouldn’t consider a regional carrier as an option?  You should still consider them by weighing all the pluses and minuses of the insurance companies.

Who is the Best Car Insurance Company/Agency/Firm?

It would be prudent to consider this factoid that wide use of the World Wide Web is at a 10 year indication and all of the top automobile insurance companies today are pitted heavily against smaller car insurance agencies who are heavily embracing this recent generation of technology users who prefer online account access, online claims handling and texting over talking directly. While companies like State Farm and Progressive have surely risen to the challenge, online companies such as Esurance are rapidly snapping up market share on more established firms who have not seen the writing on the wall. The next decade (or for sure 5 years) will be intriguing to watch in regards to the car insurance rankings and you should unquestionably expect to see the market share of auto insurance companies vary significantly over the next several years.  So keep a vigilate eye on this to get the best deals on all types of vehicle insurance.Screen Shot 2012 04 17 at 7.00.03 AM Top 10 Auto Insurance Companies in the USA

Deciding on a Car Insurance Company

The  goal of using a top 10 list should be to simply gather a list of car insurance companies as potential providers. How you use the data is really up to you but you should never rely only on the top 10 carriers list. Use car insurance comparison search engines and request multiple quotes from both regional and national car insurers before making a final decision on an auto insurance company for coverage.

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