Largest Auto Insurance Companies
Hello, do you have a car? and you are afraid of crashing it, well the only way that you can protect your car is by Insurance on it.
First let talk about the insurance market in the US, there are some big players in this market to be exactly, the top 15 companies have almost control on more than 72% of this market, and for that we will talk in this article we will talk about the top 15 largest insurance companies in the united state of America.
1 State Farm Insurance
It’s been founded by George J. Mecherle at June 7, 1922, the company currently employs around 70,000 employees and has almost 19,000 agents all around the united state of amirica
State Farm is a mutual insurance company, that means it’s owned by its policyholders, and State Farm is counsidred as the bigest auto insurance company in the U.S. and it owns 18% from the whole market avilible shares, that means that one from every five dollars spend on auto insurance are paid for the state farm company.
The last annual report shows a net gain of this company is over $1.7 billion dollars.
2 GEICO Insurance
GEICO its have been founded at 1936, Fort Worth, Texas, United States, it also known as The Government Employees Insurance Company is an American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm, its also known for the animated gecko, it has more than 24 million vehicles insuranced at the company, the full size of the company allows to employ more than 36000 across it nine offices.
3 Progressive Insurance
The Progressive Corporation its have been founded at march 10, 1937, it an American insurance company. It is one of the largest providers of car insurance in America. The company insures motorcycles, boats, RVs and commercial vehicles, and provides home insurance through select companies
4 Allstate Insurance
The Allstate Corporation its have been founded at April 17, 1931, it one of the largest insurance providers in the United States and one of the largest that is publicly held. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993
5 USAA Insurance
The United Services Automobile Association its have been founded at 1922 by group of 25 U.S. Army officers, it a San Antonio, Texas-based Fortune 500 diversified financial services group of companies including a Texas Department of Insurance-regulated reciprocal
6 Liberty Mutual Insurance
Liberty Mutual Group its have been founded at July 1, 1912, it an American diversified global insurer, and the third-largest property and casualty insurer in the United States. It ranks 68th on the Fortune 100 list of largest corporations in the United States based on 2017 revenue.
7 Farmers Insurance
Farmers Insurance Group its have been founded at 1928, Los Angeles, California, United States, it an American insurer group of automobiles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees
8 nationwide Insurance
Nationwide Mutual Insurance Company and affiliated companies its have been founded at April 12, 1926, it a group of large U.S. insurance and financial services companies based in Columbus, OH. The company also operates regional headquarters in Des Moines, IA; San Antonio, TX; Gainesville, FL; Raleigh, NC; Sacramento, CA, and Westerville, OH.
9 Travelers Insurance
The Travelers Companies, Inc., its have been founded at 1853, Saint Paul, Minnesota, United States, commonly known as Travelers, it an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the third-largest writer of U.S. personal insurance through independent agents.
10 American Family Insurance
American Family Insurance, its have been founded at October 3, 1927, also abbreviated as AmFam, it an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products.
11 Auto-Owners Insurance
Auto-Owners Insurance its have been founded at July 1, 1916, it a mutual insurance company that offers auto, home, business and life insurance to policyholders exclusively through independent agents. The company, which is located in Delta Township, Michigan, is the largest property and casualty insurance company headquartered in Michigan
12 NJM Insurance
NJM Insurance Group, its have been founded at 1913, headquartered in the West Trenton section of Ewing Township, Mercer County, New Jersey, United States, offers personal auto, commercial auto, workers’ compensation, homeowners, and umbrella insurance.
13 Erie Insurance
Erie Insurance its have been founded at April 20, 1925, it a publicly held insurance company, offering auto, home, commercial and life insurance through a network of independent insurance agents. As of 2019, Erie Insurance Group is ranked 381st among the largest public U.S. companies, in terms of revenue, by Fortune magazine.
14 The Hanover Insurance
The Hartford Financial Services Group, Inc., its have been founded at 1852, usually known as The Hartford, is a United States-based investment and insurance company. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. It was ranked 156th position in Fortune 500 in the year of 2018.
15 Esurance Insurance
Esurance Insurance Services, Inc. its have been founded at 1999, it an American insurance company. It sells auto, home, motorcycle, and renters insurance direct to consumers online and by phone. Its primary competitors are other direct personal insurance writers, mainly GEICO and Progressive
Now after I gave you tall of those big Insurance company that works inside of the united state of America and I make you know all of them, I won’t tell you my opinion on them you will have to discover every company alone without taking my opinion.
Everyone has his needs and also everyone has his condition in selecting the right company, so go ahead and chose by yourself.