Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jul 30, 2020

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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Things to Remember...

  • Every car in the country must be insured if it is going to be used on the road
  • The financial strength of a company is frequently over-looked by most insurance shoppers, yet it is a very significant factor
  • The best auto insurance companies provide the required coverage with very competitive prices, are financially sound and have a reputation for being available when required
  • Keep in mind that some regional and smaller companies have been around for a very long time and have been providing excellent service and rates that are comparable to the national companies

In this guide on the best auto insurance companies, we examine rates, financial stability, and reputation in customer service of the top 10 car insurance providers in the nation. Also included are links to our company reviews, so you can make an informed decision.

Read about the top auto insurance companies below and make sure to try out the FREE insurance comparison tool above!

We can all count on both hands and feet the times we were almost in a car accident or we witnessed an almost accident.

Luckily, with experience comes increasingly defensive driving skills, so we should all take the responsibility and stay alert behind the wheel.

But what about the one or two times in our lives when almost becomes a reality? Who will have your back? Who will pay your medical bills? Who will repair or replace your vehicle?

The annual economic cost of car accidents in the United States is an estimated $242 billion.

Here are a few more statistics provided by the National Highway Traffic Safety Administration (NHTSA).

  • $3,231 – The average automobile liability claim for property damage
  • $15,443 – The average liability claim for bodily injury
  • $3,144 – The average collision claim
  • $1,621 – The average comprehensive claim

There are numerous car insurance companies of varying types and sizes, so choosing who will have your back may be just as risky as driving without auto insurance.

Looking for the best way to compare car insurance company rates? Look no further, we have you covered! Enter your ZIP code into our FREE tool to get started.

Table of Contents

Which company has the best auto insurance rates?

Can you believe that 72 percent of the national market for private passenger automobile insurance is dominated by only 10 car insurance companies?

Even more unbelievable is that only four of those 10 car insurance companies share 51 percent of the same market.

We aren’t here to tell you which company to choose, but we are here to inform you of nearly every aspect to consider when making your choice. For this reason, the companies are listed in alphabetic order in all tables; however, by clicking on the triangles in the headers of each table, you can sort to your liking and find out for yourself.

So, let’s cut right to the chase.

Availability and Rates

Before going any further, let’s make sure you know who can have your back in your state. All of the top 10 car insurance companies operate in all 50 states except for American Family, Nationwide, and Travelers. If you would like to consider one of these three companies, be sure to read our company reviews to make sure it is an option for you.

The table below includes each of the top 10 companies, their average annual premium on a national scale compared to the national average, and their cheapest insured vehicle.

CompanyAvailabilityAverage Annual PremiumHigher/Lower than
National Average
Annual Premium
Cheapest Insured
Make and Model
AllstateAll 50 States and D.C.$4,532.9623.82%
(Higher)
2015 Toyota RAV-4
American Family19 States$3,698.771.03%
(Higher)
2015 Honda Civic
FarmersAll 50 States and D.C.$3,907.996.75%
(Higher)
2015 Toyota RAV-4
GeicoAll 50 States and D.C.$3,073.66-16.04%
(Lower)
2015 Toyota RAV-4
Liberty MutualAll 50 States and D.C.$5,295.5544.65%
(Higher)
2015 Toyota RAV-4
Nationwide46 States and D.C.$3,187.20-12.94%
(Lower)
2018 Toyota RAV-4
ProgressiveAll 50 States and D.C.$3,935.367.5%
(Higher)
2015 Toyota RAV-4
State FarmAll 50 States and D.C.$2,731.48-25.39%
(Higher)
2015 Honda Civic
Travelers42 States and D.C.$3,729.321.87%
(Higher)
2015 Ford F-150
USAA
(Military & Family Members)
All 50 States and D.C.$2,489.49-32%
(Lower)
2015 Honda Civic
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Now, just because this table shows USAA and State Farm have the lowest premiums doesn’t mean you should immediately dial that number. USAA has the best prices of all the companies, no matter which way you look at it, but this company writes only for military personnel and their family members.

If you aren’t affiliated with the military, you may be leaning toward State Farm. However, this may not necessarily be your best option.

Our researchers have found that location and the carrier are the two most influential factors in determining rates.

Choosing the right auto insurance company can be a long and difficult process. The first step in choosing the right insurance provider is to determine your needs.

A great place to start is by searching for information about the main types of coverage and evaluate your budget. Don’t assume that you will get the same rates from each company.

If you’re tired of paying high premiums and you’ve found a more affordable policy, make sure to check the fine print on your existing policy before canceling it mid-term.

Mid-term cancellations are allowed, and you can purchase a new car insurance policy at any time. However, it is important to check with your insurance company and the regulations in your state to determine if you will need to pay any cancellation fees.

So, the best auto insurance company for you depends on where you live, the laws in your state, and several other factors unique to you. We will cover all of these factors in this article.

Financial Stability

The future financial stability of a company can often be judged by its historic financial stability, especially in comparison to its top competitors. In addition, third-party entities such as AM Best use an intricate algorithm to rate and predict the financial stability of a company.

The National Association of Insurance Commissioners (NAIC) releases an annual report, available to consumers, that examines the financial stability of all car insurance companies. The three figures consumers like yourself can use to judge the financial stability of a company are:

  • Direct Premiums Written: the total dollar amount in premiums received by an insurance company without any adjustments.
  • Market Share: indicates the degree (in percent) of market concentration in a line of business.
  • Loss Ratio: a percent that represents the amount paid out on claims against what a company earns in premiums.

The table below shows these three figures for the top 10 companies in the car insurance market for 2018 and indicates whether they’re rising (↑), falling (↓), or remaining steady (~) based on NAIC data from 2015 through 2018. To see more specific trend data for these three figures, check out our company reviews.

CompanyAM Best RatingDirect Premiums Written
(in billions)
Market Share
(in percent)
Loss Ratio
(in percent)
AllstateA+ (Superior)22.7 (↑)9.19 (↓)56 (↓)
American FamilyA (Excellent)4.7 (↑)1.9 (↑)69 (~)
FarmersA (Excellent)10.5 (↑)4.26 (↓)61 (~)
GeicoA++ (Superior)33.1 (↑)13.41 (↑)71 (~)
Liberty MutualA (Excellent)11.8 (↑)4.77 (↓)62 (~)
NationwideA+ (Superior)6.7 (↓)2.73 (↓)58 (↓)
ProgressiveA+ (Superior)27.1 (↑)10.97 (↑)62 (~)
State FarmA++ (Superior)41.9 (↑)17.01 (↓)63 (↓)
TravelersA++ (Superior)4.7 (↑)1.9 (↑)60 (~)
USAA
(Military &
Family Members)
A++ (Superior)14.5 (↑)5.87 (↑)77 (~)
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It’s assumed that any company’s goal is to increase profits, but the level of competition and financial stability is seen mostly in market share and loss ratios, especially when it comes to companies in the top 10.

Later in this article, we will take a closer look at the top four contenders and their history of brutal battles toward winning a war that’s raged since the early- to mid-1900s {insert epic, movie battle sequence}.

Note that loss ratios can fluctuate from year to year, but they should still stay in the safe zone: 60 to 70 percent. A loss ratio that is lower than 60 percent shows the company is not paying out on claims. A lost ratio above 70 percent shows the company may be losing money.

If you like to geek out on ratings, all 10 of our company reviews provide additional financial stability ratings from the following agencies:

  • Moody’s
  • Standard & Poor’s

What is the highest rated insurance company?

Looking at the dollars and percents is grand, but what about services provided to their customers?

When choosing (or changing) car insurance, it’s important to examine the satisfaction of both new customers and the customers that file a claim. Luckily, J.D. Power collects data on both.

J.D. Power is a well-known go-to source for customer ratings of all sorts. Their comprehensive surveys are completed by over 40,000 participants.

For example, one of the questions in the 2011 survey that J.D. Power asked of respondents was about the speed and frequency in which auto insurance companies pay claims and treat customer interactions.

  • For those companies who quickly settle claims for their policyholders, the ratings on this variable were high.
  • For other companies who regularly deny claims or are slow to pay, customers rated these business as poor.

Any auto insurance consumer wants to be sure that if they ever need to file a claim, the claim will be handled in a quick and efficient manner. No one anticipates having a claim denied when they are in an accident.

Companies that settle claims quickly are bound to keep their customers happy and retain their customer base.

We share data here from two of their annual surveys: the U.S. Auto Claims Satisfaction Study and the Insurance Shopping Study.

J.D. Power uses Power Circle Ratings. These ratings are calculated based on the range between the highest score and the lowest score (per survey item) and places a company on that range with one to five circles.

Five circles = among the best; one circle = the rest. J.D. Power may assign one or more power circles to any company; however, they publically announce and/or publish only those ratings that are two power circles or higher.

So, it basically works much like a distribution curve grouping the companies in the top 10 and/or 20 percent. This essentially translates to: the companies that did exceptionally well in a category make the companies that did well look less appealing.

Distribution curves work particularly well in a competitive environment. Here is a great video explaining the difference between a more traditional bell curve and a more competitive distribution curve.

The table below shows J.D. Power Circles (and translates them) awarded in two categories: satisfaction of new customers and satisfaction of customers that file a claim. J.D. Power awards Power Circles in many other categories as well.

CompanyOverall Satisfaction of Shopping Experience
(JD Power Rating)
Overall Satisfaction of Claims Process
(JD Power Rating)
Complaint Ratio
Lower or Higher than National Average (1.15)
Allstate3 Power Circles
(about average)
3 Power Circles
(about average)
0.64
(Lower)
American Family4 Power Circles
(better than most)
3 Power Circles
(about average)
0.70
(Lower)
Farmers3 Power Circles
(about average)
4 Power Circles
(better than most)
0.97
(Lower)
Geico3 Power Circles
(about average)
3 Power Circles
(about average)
0.92
(Lower)
Liberty Mutual3 Power Circles
(about average)
2 Power Circles
(the rest)
6.32
(Higher)
Nationwide2 Power Circles
(the rest)
3 Power Circles
(about average)
0.36
(Lower)
Progressive3 Power Circles
(about average)
3 Power Circles
(about average)
0.89
(Lower)
State Farm3 Power Circles
(about average)
3 Power Circles
(about average)
0.57
(Lower)
Travelers3 Power Circles
(about average)
3 Power Circles
(about average)
1.27
(Higher)
USAA
(Military &
Family Members)
4 Power Circles
(better than most)
5 Power Circles
(among the best)
1.14
(Lower)
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Official complaints about how car insurance companies do business are tracked by the NAIC. This agency calculates a complaint ratio for each company and compares it to the collective national complaint ratio.

The complaint ratio is determined by looking at the number of complaints per year per $1 million of premium earned by the total in annual premiums. In 2018, the collective national complaint ratio was 1.15; a ratio lower than 1.15 is good, one higher than 1.15, not so good.

But you’ve got to look at both sides of the coin.

For example, USAA has some of the best rates in the country, and J.D. Power awarded them five Power Circles on handling claims; however, they have one of the highest complaint ratios, squeaking in right under the collective national complaint ratio of 1.15.

Nationwide is in a similar situation, except J.D. Power awarded them three Power Circles on handling claims, though they have the lowest complaint ratio out of the top 10 companies.

It’s difficult to say if any of the official complaints submitted for both USAA and Nationwide were related to handling claims, but this is a great example of how important it is to do your research about each company from every angle.

To dig into the opinions of consumers, all 10 of our company reviews provide additional customer satisfaction ratings from the following agencies:

  • Consumer Reports
  • Better Business Bureau

The Best Auto Insurance Company for You

You could ask yourself “what are the 10 best insurance companies” and do yourself a disservice because there is such a variety of auto insurance providers and plans aout there that a smaller company may be better tha Ultimately, who you choose to have your back is your choice and your choice only. Luckily, the car insurance industry doesn’t have a monopolizing company like Microsoft® or Duke Energy®.

So, you have options.

“Everything is worth what its purchaser will pay for it.”
– Publilius Syrus (1st century BC, Latin writer of maxims)

We all place value on things money can buy. Just because a car insurance company has the best rates, doesn’t mean you will truly value what they have (or don’t have) to offer.

In the table below, we have listed each company and the total number of discounts (advertised and/or confirmed), the highest percent discount, our opinion of what kind of customer it’s best for, and a link to our company review.

You be the judge.

Best Auto Insurance Companies
Insurance CompanyTotal Number of DiscountsHighest Percent DiscountBest forOur Company Review
Allstate2945%Usage-based and
pay-as-you-drive
policies
Allstate Review
American Family2740%Best value in
coverage level
and 60+
American Family Review
Farmers345%Married and
longer commute
Farmers Review
Geico3140%Teen drivers and
those with a speeding
ticket or accident
Geico Review
Liberty Mutual3835%Vehicle recovery
system discount
Liberty Mutual Review
Nationwide3540%Teen drivers and
best value in
coverage level
Nationwide Review
Progressive3631%Poor credit and DUIProgressive Review
State Farm1950%Poor driving record
and 60+
State Farm Review
Travelers2830%Middle-aged drivers
and poor credit
Travelers Review
USAA2815%Military
(especially if single)
USAA Review
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How to Choose a Car Insurance Company

With so many options in car insurance companies and so many resources to judge which one is best for you, there are some key factors to consider before even getting a quote. Deciding between a small auto insurance company or one of the largest companies often depends on your needs. Knowing when to buy car insurance is just as important!

For instance, small auto insurance companies sometimes operate under the control of the major insurers. Moreover, major insurance companies diversify their services towards all car owners.

Conversely, minor insurers normally target a specific type of drivers. Determining whether major auto insurance companies are better than smaller ones is dependent on a number of factors and preferences.

What you value in a car insurance company may go beyond who has the best price.

Here is a brief list of questions to consider. To get more details of the process, along with step-by-step instructions, read our more comprehensive article about choosing an auto insurance company.

  • Do I want to conduct business with an agent, a broker, directly with the provider, online, a national company, or a local company?
  • What is the financial stability of each company, and what is their position for the future when it comes to market share, loss ratios, and third party rankings?
  • Which company offers the best coverage and the most appropriate discounts and rates for my unique characteristics and needs?
  • How satisfied are the customers of each company with its service and claims process?
  • How many and what types of complaints have customers issued against each company?

Website, App, and Agents

We understand price is a huge influencing factor in which company you choose. We can’t possibly overlook your preferences in doing business.

Some companies are broker-/agent-based, meaning you must work with a human to purchase a policy. You certainly are permitted to support individuals making a living in your community.

Most independent brokers represent several insurance companies, so they can provide you with multiple quotes within a short period of time. Insurance brokers can also help you understand your insurance needs and they may make suggestions on ways to lower your rates.

Other shoppers prefer to cut out the middleman and go straight to the source. If you like handling everything online, working directly with a company may be best for you.

Each of the top 10 companies varies in the services they provide through their agents, website, and/or mobile app. Some companies have more strengths in their agents while others are almost entirely web- or app-based. Some of these services include:

Initial ServicesThe LogisticsFor Your CarEducation and Perks
find and contact
an agent
file and track a claimvehicle informationyoutube channel
purchasing a policyview detailed
policy information
repair estimatesinformational articles
usage-based policiespay your billtrack vehicle repairstools and calculators
pay-as-you-go policiesschedule recurring
draft payments
request a rental carrewards programs
electronic proof
of insurance
app chat or 24/7
phone services
roadside assistancelocation-based
augmented reality
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JD Power provides, yet again, ratings of company services such as agents, call-center representatives, and websites. Take a look at these ratings, and keep in mind which business model you appreciate most.

CompanyLocal Agent
(JD Power Rating)
Call Center Representative
(JD Power Rating)
Insurer Website
(JD Power Rating)
Allstate3 Power Circles
(about average)
3 Power Circles
(about average)
3 Power Circles
(about average)
American Family4 Power Circles
(better than most)
--
Farmers3 Power Circles
(about average)
-2 Power Circles
(the rest)
Geico3 Power Circles
(about average)
3 Power Circles
(about average)
3 Power Circles
(about average)
Liberty Mutual3 Power Circles
(about average)
2 Power Circles
(the rest)
3 Power Circles
(about average)
Nationwide3 Power Circles
(about average)
2 Power Circles
(the rest)
2 Power Circles
(the rest)
Progressive3 Power Circles
(about average)
2 Power Circles
(the rest)
3 Power Circles
(about average)
State Farm3 Power Circles
(about average)
3 Power Circles
(about average)
3 Power Circles
(about average)
Travelers3 Power Circles
(about average)
3 Power Circles
(about average)
-
USAA
(Military &
Family Members)
-5 Power Circles
(among the best)
5 Power Circles
(among the best)
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Your Unique Characteristics

When you obtain a quote from a car insurance company, they will ask a series of questions, and the answers will lead them to generate your rate.

You may be wondering: what factors affect my rate?

The Big Nine

In most states, these nine factors will be used to determine how much you pay in premiums.

Insurance companies claim statistics show drivers with some of these characteristics as lower risk, but the numbers also make assumptions that are not always true about individual drivers.

And here they are:

  1. Where You Live – States (and sometimes cities) have specific laws about car insurance. This is the number-one factor in determining your rate.
  2. Age – Insurance companies assume that, with more driving experience and maturity, we become safer drivers.
  3. Gender – In some cases, rates for males are higher than females because of the assumption that men are more adventurous and risky.
  4. Marital Status / Homeownership – Insurance companies consider being married and owning a home both signs of stability and responsibility, so they assume that married homeowners carry less risk.
  5. Level of Education – Similar to marital status and homeownership, the assumption is that people with higher levels of education will also be more responsible and safer.
  6. Vehicle Year, Make and Model – What you choose to drive makes a huge difference in your rate based on safety ratings, cost of repairs, and, sometimes, the amount of damage your vehicle can do to another car if in an accident.
  7. Credit Score – Along with education, marital status, and homeownership, your credit score can reflect how responsible you are.
  8. Driving Record – If you have a history of speeding tickets, accidents, or DUIs, you are considered a more risky driver and will pay higher rates in most cases.
  9. Commute Distance – If you drive more, you statistically increase your chances of getting in an accident.

Okay, some of these factors make sense, but some of them may make you feel a little uncomfortable.

The good news is some states have outlawed some of the more discriminatory methods in calculating rates.

Here are a few examples:

  • Determining rates based on gender has been outlawed in California, Hawaii, Massachusetts, Montana, Pennsylvania, North Carolina, and parts of Michigan.
  • Montana was one of the first states (1985) to outlaw determining rates based on gender and marital status.
  • California, Massachusetts, and Hawaii have outlawed using consumer credit information to determine rates.
  • And, just recently, after decades of failed attempts at car insurance reform, a new law will go into effect July 2020 that prohibits insurance carriers in Michigan from determining rates based on anything but driving record, age, the vehicle you choose to drive, and possibly location.

Keep a close eye on your state legislation, because it may not be too long before other states follow in Michigan’s footsteps.

Best Insurance Company Discounts

Think about all the changes it’s possible to experience in one lifetime: college, marriage, affiliations, employment, etc. At each phase, a certain car insurance company may offer a discount based on the uniqueness of your situation.

Most of the higher-percent discounts provided are those granted when using a company’s usage-based driving app or specially designed equipment installed in your vehicle.

For example:

  • American Family, Nationwide, State Farm, and Travelers offer their highest discounts when you use their usage-based programs.
  • Geico offers its best discount for having airbags in your vehicle.
  • Liberty Mutual provides a great discount if you sign up for vehicle recovery services.
  • Allstate and Progressive choose to reward customers for having a good driving record when they sign on.

To learn in-depth details about the discounts offered by the top 10 insurance carriers, read our article about car insurance discounts.

Because laws and discounts both change, we have included data based on as many of these characteristics as we could to help you consider one of the top 10 car insurance companies in the nation.

The Top Car Insurance Companies in the Nation

Remember that war we referenced earlier?

Four companies (Allstate, Geico, Progressive, and State Farm) have dominated the car insurance industry for quite some time now. We looked as far back as possible on NAIC’s website (2004) and found something interesting.

In 2018, these four companies claimed over half the market share for the entire auto insurance industry, but it hasn’t always been that much.

In 2004, these four companies claimed only 41 percent; so, in a roughly 15-year period, they fought for and gained 10 percent from other companies in the top 10.

Comparing market share in 2004 and market share in 2018 shows who has won the battles and who might win the war.

Company2004 Market Share
(in percent)
2018 Market Share
(in percent)
Growth / Decline
(in percent)
Allstate10.219.19-1.02
Geico5.4913.41+7.92
Progressive7.1210.97+3.85
State Farm18.5217.01-1.51
TOTAL Market Share
of Top Four
41.3450.58+9.24
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Geico has grown the most over the last 15 years, followed by Progressive, while State Farm and Allstate have lost market share.

But, when you look at the period between 2013 and 2018, Geico is closing the gap in market share with State Farm, and Progressive is closing the gap in market share with Geico.

Top Four Auto Insurance Companies Market Share Trends 2013 - 2018

Currently, based on 2018 financials, State Farm is still well in the lead in total direct premiums written. Both Geico and Progressive have conquered Allstate in 2013 and 2017 respectively.

Direct Premiums Written Top 4, 2013-2018

What sets these four leaders apart from one another? There are a few key differences:

  • Allstate offers only an agent-based model.
  • Geico offers internet-based policies dealing directly with the customers, and they also partner with investors.
  • Progressive offers both agents and internet-based policies.
  • State Farm is a mutual company and is owned by its customers, all shouldering risks and rewards equally.

It can’t be said which business model will win the war, but, as the consumer, you have options. Your unique needs and preferences will ultimately determine the best auto insurance company for you.

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The Best Car Insurance Companies by Region

If you plan to move a state or two over, up, or down, these tables may be helpful. Sometimes when moving to a different state (even within the same region), your current carrier may not have the best auto insurance rates.

In some cases, neighboring states have such cheaper car insurance, it may be more feasible to move there and commute to work or ride the subway.

We’ve broken down the 50 states into regions so you can take a quick look at the average rate of your current (or future) insurance provider.

Midwest

STATEAllstateAmerican FamilyFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Illinois$5,204.41$3,815.31$4,605.20$2,779.16$2,277.65$2,711.81$3,536.65$2,344.88$2,499.76$2,770.21
Indiana$3,978.81$3,679.68$3,437.55$2,261.07$5,781.35Data Not Available$3,898.00$2,408.94$3,393.75$1,630.86
Iowa$2,965.86$3,021.81$2,435.72$2,296.16$4,415.28$2,735.44$2,395.50$2,224.51$5,429.38$1,852.57
Kansas$4,010.23$2,146.40$3,703.77$3,220.65$4,784.42$2,475.59$4,144.38$2,720.00$4,341.43$2,382.61
Michigan$22,902.59Data Not Available$8,503.60$6,430.11$20,000.04$6,327.38$5,364.55$12,565.52$8,773.97$3,620.00
Minnesota$4,532.01$3,521.29$3,137.45$3,498.54$13,563.61$2,926.49Data Not Available$2,066.99Data Not Available$2,861.60
Missouri$4,096.15$3,286.90$4,312.19$2,885.33$4,518.67$2,265.35$3,419.14$2,692.91Data Not Available$2,525.78
Nebraska$3,198.83$2,215.13$3,997.29$3,837.49$6,241.52$2,603.94$3,758.01$2,438.71Data Not Available$2,330.78
North Dakota$4,669.31$3,812.40$3,092.49$2,668.24$12,852.83$2,560.35$3,623.06$2,560.53Data Not Available$2,006.80
Ohio$3,197.22$1,515.17$3,423.01$1,867.19$4,429.74$3,300.89$3,436.96$2,507.88$3,135.16$1,478.46
South Dakota$4,723.72$4,047.47$3,768.80$2,940.29$7,515.99$2,737.66$3,752.81$2,306.23Data Not AvailableData Not Available
Wisconsin$4,854.41$1,513.27$3,777.49$3,926.20$6,758.85$5,224.99$3,128.91$2,387.53Data Not Available$2,975.74
AVERAGE$5,694.46$2,961.35$4,016.21$3,217.54$7,761.66$3,260.90$3,678.00$3,268.72$4,595.58$2,403.22
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There exists at least a $2,200 difference between the highest rate and the lowest rate per state. Some companies have a difference as much as $19,000, so it pays (literally) to shop around.

Northeast

STATEAllstateFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Connecticut$5,831.60Data Not Available$3,073.66$7,282.87$3,672.34$4,920.35$2,976.24$6,004.29$3,190.00
Maine$3,675.59$2,770.15$2,823.05$4,331.39Data Not Available$3,643.59$2,198.68$2,252.97$1,930.79
Massachusetts$2,708.53Data Not Available$1,510.17$4,339.35Data Not Available$3,835.11$1,361.86$3,537.94$1,458.99
New Hampshire$2,725.01Data Not Available$1,615.02$8,444.41$2,491.10$2,694.45$2,185.46Data Not Available$1,906.96
New Jersey$5,713.58$7,617.00$2,754.94$6,766.62Data Not Available$3,972.72$7,527.16$4,254.49Data Not Available
New York$4,740.97Data Not Available$2,428.24$6,540.73$4,012.93$3,771.15$4,484.58$4,578.79$3,761.69
Pennsylvania$3,984.12Data Not Available$2,605.22$6,055.20$2,800.37$4,451.00$2,744.23$7,842.47$1,793.37
Rhode Island$4,959.45Data Not Available$5,602.63$6,184.12$4,409.63$5,231.09$2,406.51$6,909.45$4,323.98
Vermont$3,190.38Data Not Available$2,195.71$3,621.08$2,128.21$5,217.14$4,382.84Data Not Available$1,903.55
AVERAGE$4,169.91$5,193.58$2,734.29$5,951.75$3,252.43$4,192.96$3,363.06$5,054.34$2,533.67
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For the Northeast, the difference between the highest rate and the lowest rate for each state is somewhere between $2,200 and $6,800, so the spread isn’t quite as wide as what the Midwest is experiencing.

Southeast

STATEAllstateFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Alabama$3,311.52$4,185.80$2,866.60$4,005.48$2,662.66$4,450.52$4,798.15$3,697.80$2,124.09
Arkansas$5,150.03$4,257.87$3,484.63Data Not Available$3,861.79$5,312.09$2,789.03$5,973.33$2,171.06
Delaware$6,316.06Data Not Available$3,727.29$18,360.02$4,330.21$4,181.83$4,466.85$4,182.36$2,325.98
Florida$7,440.46Data Not Available$3,783.63$5,368.15$4,339.60$5,583.30$3,397.67Data Not Available$2,850.41
Georgia$4,210.70Data Not Available$2,977.20$10,053.44$6,484.90$4,499.22$3,384.88Data Not Available$3,157.46
Kentucky$7,143.92Data Not Available$4,633.59$5,930.97$5,503.23$5,547.63$3,354.32$6,551.68$2,897.89
Louisiana$5,998.79Data Not Available$6,154.60Data Not AvailableData Not Available$7,471.10$4,579.12Data Not Available$4,353.12
Maryland$5,233.17Data Not Available$3,832.63$9,297.55$2,915.69$4,094.86$3,960.87Data Not Available$2,744.14
Mississippi$4,942.11Data Not Available$4,087.21$4,455.94$2,756.53$4,308.85$2,980.48$3,729.32$2,056.13
North Carolina$7,190.43Data Not Available$2,936.69$2,182.71$2,848.03$2,382.61$3,078.65$3,132.66Data Not Available
South Carolina$3,903.43$4,691.85$3,178.01Data Not Available$3,625.49$4,573.08$3,071.34Data Not Available$3,424.77
Tennessee$4,828.85$3,430.07$3,283.42$6,206.69$3,424.96$3,656.91$2,639.30$2,738.52$2,739.28
Virginia$3,386.80Data Not Available$2,061.53Data Not Available$2,073.00$2,498.58$2,268.95Data Not Available$1,858.38
West Virginia$3,820.68Data Not Available$2,120.80$2,924.39Data Not AvailableData Not Available$2,126.32Data Not Available$1,984.62
AVERAGE$5,205.50$4,141.40$3,509.13$6,878.53$3,735.51$4,504.66$3,349.71$4,286.52$2,668.26
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With 14 states, the Southeast is the largest region in the nation. The disparency between the highest and lowest rate isn’t quite as drastic as the Midwest, but it’s close. Drivers in the Southeast expect to pay a difference of up to $16,000, depending on which company they choose.

Southwest

STATEAllstateAmerican FamilyFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Arizona$4,904.10Data Not Available$5,000.08$2,264.71Data Not Available$3,496.08$3,577.50$4,756.25$3,084.74$3,084.29
New Mexico$4,200.65Data Not Available$4,315.53$4,458.30Data Not Available$3,514.38$3,119.18$2,340.66Data Not Available$2,296.77
Oklahoma$3,718.62Data Not Available$4,142.40$3,437.34$6,874.62Data Not Available$4,832.35$2,816.80Data Not Available$3,174.15
Texas$5,485.44$4,848.72Data Not Available$3,263.28Data Not Available$3,867.55$4,664.69$2,879.94Data Not Available$2,487.89
AVERAGE$4,577.20$4,848.72$4,486.00$3,355.91$6,874.62$3,626.00$4,048.43$3,198.41$3,084.74$2,760.78
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The playing field is smaller in the Southwest; there are only four states. Their situation is similar to the Northeast. Drivers in the Southwest will see a difference between the highest rate and the lowest rate somewhere between $2,100 and $4,100, so that’s still worth the time to research and choose the best company for you.

West

STATEAllstateAmerican FamilyFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Alaska$3,145.31$4,153.07Data Not Available$2,879.96$5,295.55Data Not Available$3,062.85$2,228.12Data Not Available$2,454.21
California$4,532.96Data Not Available$4,998.78$2,885.65$3,034.42$4,653.19$2,849.67$4,202.28$3,349.54$2,693.87
Colorado$5,537.17$3,733.02$5,290.24$3,091.69$2,797.74$3,739.47$4,231.92$3,270.77Data Not Available$3,338.87
Hawaii$2,173.49Data Not Available$4,763.82$3,358.86$3,189.55$2,551.83$2,177.93$1,040.28Data Not Available$1,189.35
Idaho$4,088.76$3,728.79$3,168.28$2,770.68$2,301.51$3,032.19Data Not Available$1,867.96$3,226.29$1,877.61
Montana$4,672.10Data Not Available$3,907.55$3,602.35$1,326.11$3,478.26$4,330.76$2,417.74Data Not Available$2,031.89
Nevada$5,371.62$5,441.18$5,595.56$3,662.09$6,201.55$3,477.14$4,062.57$5,796.34$5,360.41$3,069.07
Oregon$4,765.95$3,527.28$3,753.52$3,220.12$4,334.55$3,176.83$3,629.13$2,731.48$2,892.19$2,587.15
Utah$3,566.42$3,698.77$3,907.99$2,965.57$4,327.76$2,986.57$3,830.10$4,645.83Data Not Available$2,491.10
Washington$3,540.52$3,713.02$2,962.00$2,568.65$3,994.73$2,129.84$3,209.52$2,499.78Data Not Available$2,262.16
Wyoming$4,373.93Data Not Available$3,069.35$3,496.56$1,989.36$3,187.20$4,401.17$2,303.55Data Not Available$2,779.53
AVERAGE$4,160.75$3,999.30$4,141.71$3,136.56$3,526.62$3,241.25$3,578.56$3,000.38$3,707.11$2,434.07
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Finally, we have the West; the most fortunate region in the US. There is only between $1,800 and $3,700 difference in rates, depending on the company chosen in each state.

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Best Car Insurance Companies by State

The state in which you live has a huge influence on your rate. Every state is different, and it usually has a lot to do with the laws.

For example, one dividing factor between 11 states and the remaining 39 is whether or not their laws are at-fault-based or no-fault-based.

The difference has nothing to do with which driver is at fault in a car accident; no-fault law requires that policyholders turn to their own insurance company for claims, regardless of who is at fault in an accident.

Typically, no-fault states require drivers to purchase a certain amount of personal injury protection (PIP), which is elective in most at-fault states. Some states that are no-fault have outrageous rates, such as Michigan, New Jersey, and Florida.

Florida provides some options for its residents, but still requires a minimum of $10,000 in PIP. New Jersey also provides options in PIP coverage up to $250,000. However, Michigan currently requires drivers to pay for an unlimited amount of PIP coverage.

Take a look at the table below comparing Michigan, New Jersey, and Florida.

StateTotal Cost of Incurred LossesTotal Number of Incurred Claims
Michigan$3.6 billion44,626
Florida$2.6 billion372,197
New Jersey$1.2 billion92,100
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In 2015, Michigan car insurance companies had only 12 percent of the total PIP claims that Florida did, yet insurance companies were forced to pay out a billion dollars more in losses than Florida insurance companies.

Then there’s Louisiana, an at-fault state, with an entirely separate law permitting drivers to sue the insurance companies directly if its policyholder doesn’t have enough coverage for the damages and injuries after an accident. This one law, irrespective of being an at-fault state, results in higher rates due to an overcrowded court system and rampant insurance fraud.

Are you ready to see what laws influence car insurance rates in your state?

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Best Car Insurance Companies and Rates

It’s not just the laws that affect your rates; many companies offer better and more affordable coverage depending on a multitude of other factors, as we covered previously.

The following tables show national level rates for the top 10 car insurance companies based on various demographics. All of these providers will provide auto insurance quotes for free so make sure to enter your ZIP code in our quotes boxes to start comparing.

Let’s take a look at some of the best-ranked car insurance companies!

Best Auto Insurance Companies and Rates for Males and Females

Some states have already outlawed car insurance premiums based on gender, and other states have now required a non-binary category when drivers obtain a quote.

We have removed teenage drivers from the table below since their age more heavily influences their rates rather than their gender.

Company25+ Male Average25+ Female Average
Allstate$3,228.19$3,164.78
American Family$2,311.14$2,161.43
Farmers$2,682.53$2,613.53
Geico$2,286.23$2,309.61
Liberty Mutual$4,013.50$3,735.81
Nationwide$2,497.03$2,392.41
Progressive$2,327.52$2,328.71
State Farm$2,170.06$2,097.19
Travelers$2,255.04$2,185.30
USAA$1,705.15$1,663.27
Average$2,547.64$2,465.20
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All but two companies charge from $40 – $280 more to insure a male driver than a female driver. Progressive is just over a dollar difference, and Geico charges almost $24 more for females.

Best Auto Insurance Companies and Rates Single and Married

We have removed teenage drivers from the table below since their age more heavily influences their rates rather than their marital status.

CompanySingle 25-34 yearsMarried 35+ years
Allstate$3,497.90$1,497.65
American Family$2,491.69$1,977.81
Farmers$2,994.12$2,108.58
Geico$2,320.88$2,126.14
Liberty Mutual$4,231.40$2,128.07
Nationwide$2,787.76$2,273.20
Progressive$2,728.20$2,286.45
State Farm$2,445.26$2,474.98
Travelers$2,408.23$3,045.78
USAA$2,057.33$3,696.29
Average$2,796.28$2,361.49
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If you are single, then Geico, Travelers, and USAA will provide the best rates. If you are married, then Allstate, American Family, and Farmers will provide the best rates.

Interestingly, not all companies give married couples a break. Drivers that get married while holding a policy with State Farm, Travelers, and USAA will see an increase in car insurance premiums.

Geico and State Farm both have very similar rates for single and married people, with a difference as little as $29.

Best Auto Insurance Companies for Teens

CompanySingle 17-24 year old femaleSingle 17-24 year old maleTeen Average
Allstate$9,282.19$10,642.53$9,962.36
American Family$5,996.50$8,130.50$7,063.50
Farmers$8,521.97$9,144.04$8,833.01
Geico$5,653.55$6,278.96$5,966.26
Liberty Mutual$11,621.01$13,718.69$12,669.85
Nationwide$5,756.37$7,175.31$6,465.84
Progressive$8,689.95$9,625.49$9,157.72
State Farm$5,953.88$7,324.34$6,639.11
Travelers$9,307.32$12,850.91$11,079.12
USAA$4,807.54$5,385.61$5,096.58
AVERAGE$7,559.03$9,027.64$8,293.33
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On a national level, Geico, Nationwide, and USAA are some of the best companies for teen drivers, since they charge the least for their rates.. For teens, in particular, collision coverage would be good to consider, even if their vehicle is not financed.

This kind of coverage for teens may be a better option since there may be times when liability simply will not be enough. If your teen is found guilty of causing the accident, their liability coverage does not apply in certain areas.

If their car is damaged, your teen will need to find the means to repair their car themselves. This is when collision comes in handy. Collision coverage is when the auto insurance provider pays. When your teen is involved in an accident, they receive compensation.

It does not matter if the accident was his or her fault or caused by another driver. This can sometimes be the best level of coverage for very inexperienced drivers.

While your teen gains a level of comfort behind the wheel, they may cause damage. It may be mild, moderate, or severe. Unfortunately, this is how many learn to gauge distance and avoid obstacles in the road.

For example, if your teen is driving in a parking lot and crashes into a parked car they are responsible. The same is true if they back out without looking first and another vehicle is in their path.

Liability will repair the damages done to the other vehicle, but your teen’s car will also need repairs. The collision can pay for a fender bender quickly and get them back on the road.

Best Auto Insurance Companies for Those in Their 20s and 30s

CompanySingle 25-34 year old femaleSingle 25-34 year old maleAverage
Allstate$3,424.87$3,570.93$3,497.90
American Family$2,288.65$2,694.72$2,491.69
Farmers$2,946.80$3,041.44$2,994.12
Geico$2,378.89$2,262.87$2,320.88
Liberty Mutual$3,959.67$4,503.13$4,231.40
Nationwide$2,686.48$2,889.04$2,787.76
Progressive$2,697.73$2,758.66$2,728.20
State Farm$2,335.96$2,554.56$2,445.26
Travelers$2,325.25$2,491.21$2,408.23
USAA$1,988.52$2,126.14$2,057.33
AVERAGE$2,703.28$2,889.27$2,796.28
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On a national level, Geico, Travelers, and USAA charge the least for covering single drivers in their mid-20s to mid-30s.

Best Auto Insurance Companies for Those in Their 30s through 50s

CompanyMarried 35-59 year old femaleMarried 35-59 year old maleAverage
Allstate$3,156.09$3,123.01$3,139.55
American Family$2,202.70$2,224.31$2,213.51
Farmers$2,556.98$2,557.75$2,557.37
Geico$2,302.89$2,312.38$2,307.64
Liberty Mutual$3,802.77$3,856.84$3,829.81
Nationwide$2,360.49$2,387.43$2,373.96
Progressive$2,296.90$2,175.27$2,236.09
State Farm$2,081.72$2,081.72$2,081.72
Travelers$2,178.66$2,199.51$2,189.09
USAA$1,551.43$1,540.32$1,545.88
Average$2,449.06$2,445.85$2,447.46
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On a national level, State Farm, Travelers, and USAA charge the least for covering married drivers in their mid-30s until age 60.

Best Auto Insurance Companies for Those in Their 60s

CompanyMarried 60+ year old femaleMarried 60+ year old maleAverage
Allstate$2,913.37$2,990.64$2,952.01
American Family$1,992.92$2,014.38$2,003.65
Farmers$2,336.80$2,448.39$2,392.60
Geico$2,247.06$2,283.45$2,265.26
Liberty Mutual$3,445.00$3,680.53$3,562.77
Nationwide$2,130.26$2,214.62$2,172.44
Progressive$1,991.49$2,048.63$2,020.06
State Farm$1,873.89$1,873.89$1,873.89
Travelers$2,051.98$2,074.41$2,063.20
USAA$1,449.85$1,448.98$1,449.42
Average$2,243.26$2,307.79$2,275.53
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On a national level, American Family, State Farm, and USAA charge the least for covering drivers 60 and older.

Best Auto Insurance Companies and Rates by Vehicle Type

CompanyUsed SedanNew SedanUsed SUVNew SUVUsed TruckNew Truck
Allstate$4,753.69$5,380.28$4,324.99$4,947.90$4,429.74$5,491.12
American Family$3,178.82$3,721.32$3,326.18$3,496.99$3,447.30$3,487.91
Farmers$4,405.21$4,779.51$3,728.22$3,769.00$4,093.50$4,390.19
Geico$3,092.58$3,338.87$3,090.89$3,337.18$3,092.11$3,338.40
Liberty Mutual$5,869.32$6,682.63$5,825.33$6,244.44$5,830.16$5,988.85
Nationwide$3,547.84$3,361.93$3,517.03$3,328.57$3,571.01$3,373.64
Progressive$4,429.56$4,528.90$3,647.22$3,730.78$3,914.05$3,962.58
State Farm$3,024.24$3,189.99$3,226.02$3,418.33$3,204.23$3,497.17
Travelers$4,420.37$4,661.22$4,383.78$4,708.19$4,023.47$4,412.42
USAA$2,409.67$2,422.66$2,454.58$2,529.63$2,551.56$2,855.69
Average$3,913.13$4,206.73$3,752.42$3,951.10$3,815.71$4,079.80
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On a national level, Geico, State Farm, and USAA charge the least for used and new sedans and used SUVs and trucks. However, the companies that provide the best rates for a new SUV and a new truck are Geico, Nationwide, and USAA. USAA car insurance is consistently among the most affordable.

Best Auto Insurance Companies and Rates by Credit Score

Your credit reports and score will shed some light on your payment history on the various financial commitments you have made. One company that provides credit reports explains how the ranges in score determine your creditworthiness.

Some insurance companies rely heavily on your credit score to determine your rate, while others may rely more heavily on other factors.

CompanyGoodFairPoor
Allstate$3,859.66$4,581.16$6,490.65
American Family$2,691.74$3,169.53$4,467.98
Farmers$3,677.12$3,899.41$4,864.14
Geico$2,434.82$2,986.79$4,259.50
Liberty Mutual$4,388.18$5,604.24$8,802.22
Nationwide$2,925.94$3,254.83$4,083.29
Progressive$3,628.85$3,956.31$4,737.64
State Farm$2,174.26$2,853.00$4,951.20
Travelers$4,058.97$4,344.10$5,160.22
USAA$1,821.20$2,219.83$3,690.73
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You will have a rate based on your credit score when you purchase your first policy, and this rate may change in the future if your credit score dips. For this reason, we have looked at the jump in rate going from good credit to fair credit and fair credit to poor credit.

Farmers, Progressive, and Travelers are the most forgiving of drivers that move from a good credit score to a fair credit score. Progressive, Nationwide, and Travelers are the most forgiving of drivers that move from a fair credit score to a poor credit score.

Best Auto Insurance Companies and Rates by Driving Record

If there’s one factor that insurance companies can use in determining rates that is non-discriminatory, it’s your driving record.

CompanyClean RecordWith One Speeding TicketWith One AccidentWith One DUI
Allstate$3,819.90$4,483.51$4,987.68$6,260.73
American Family$2,693.61$3,025.74$3,722.75$4,330.24
Farmers$3,460.60$4,079.01$4,518.73$4,718.75
Geico$2,145.96$2,645.43$3,192.77$4,875.87
Liberty Mutual$4,774.30$5,701.26$6,204.78$7,613.48
Nationwide$2,746.18$3,113.68$3,396.95$4,543.20
Progressive$3,393.09$4,002.28$4,777.04$3,969.65
State Farm$2,821.18$3,186.01$3,396.01$3,636.80
Travelers$3,447.69$4,260.80$4,289.74$5,741.40
USAA$1,933.68$2,193.25$2,516.24$3,506.03
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When you purchase your first six-month policy, you will have a rate based on your driving record at the time the policy is written. If you already have a driving record with a speeding ticket, American Family, Geico, or USAA are the best bets. Geico, State Farm, and USAA have better rates for those with an accident, and Progressive, State Farm, and USAA have better rates for those with a DUI.

We also take a look at the jump in rate if you have a clean driving record and are issued any of the three infractions:

  • Going from a clean record to having one speeding ticket on your record, the companies that have the lowest jump in rates are American Family, State Farm, and USAA.
  • Going from a clean record to having one accident on your record, the companies that have the lowest jump in rates are Nationwide, State Farm, and USAA.
  • Going from a clean record to having one DUI on your record, the companies that have the lowest jump in rates are Progressive, State Farm, and Farmers.

Best Auto Insurance Companies and Rates by Commute

In the case of commute distance, a shorter commute is considered 10 miles or 6,000 miles per year. A long commute is considered 25 miles or 12,000 miles per year.

CompanyShort CommuteLong Commute
Allstate$4,841.71$4,934.20
American Family$3,401.30$3,484.88
Farmers$4,179.32$4,209.22
Geico$3,162.64$3,267.37
Liberty Mutual$5,995.27$6,151.63
Nationwide$3,437.33$3,462.67
Progressive$4,030.02$4,041.01
State Farm$3,175.98$3,344.01
Travelers$4,399.85$4,469.96
USAA$2,482.69$2,591.91
Average$3,910.61$3,995.69
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Farmers, Progressive, and Nationwide have the smallest rate jump (less than $30) between a short commute and a long commute.

Best Auto Insurance Companies and Rates by Coverage Level

You may be asking yourself: Should I try to find affordable auto insurance or the best coverage?

After an accident occurs, the policyholder with insufficient coverage will have to pay for losses above the payout limits. This is a spot in which you do not want to be.

The Insurance Institute for Highway Safety tracks all accident and repair statistics. A visit to the website will reveal the perceived risk of driving each vehicle make and model. Some vehicles do not perform well in crashes. Expensive vehicles cost more to repair or replace, and the insurance companies charge more to insure them.

Coverage level refers to the difference in cost of coverage based on the minimum requirements (low coverage), slightly above the minimum (medium coverage), and well above the minimum (high coverage).

In a few words, coverage level translates to “cover your assets.”

“When the bank asks me about my assets, I include my friendship with Regis Philbin.”
– Lou Holtz, former American football player, coach, and analyst

Check out this couple explaining the return on investment in choosing coverage levels for each type of coverage. Note that they live in Florida and have a policy with Geico, so your situation may be different if you live in a different state or have a different provider.

CompanyLowMediumHigh
Allstate$4,628.03$4,896.81$5,139.02
American Family$3,368.49$3,544.37$3,416.40
Farmers$3,922.47$4,166.22$4,494.13
Geico$3,001.91$3,213.97$3,429.14
Liberty Mutual$5,805.75$6,058.57$6,356.04
Nationwide$3,394.83$3,449.80$3,505.37
Progressive$3,737.13$4,018.46$4,350.96
State Farm$3,055.40$3,269.80$3,454.80
Travelers$4,223.63$4,462.02$4,619.07
USAA$2,404.11$2,539.87$2,667.92
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American Family, Nationwide, and USAA provide the most bang for your buck when it comes to coverage, whether you are going from low to medium coverage, medium to high coverage, or low to high coverage.

The Bottom Line

Now you have a comprehensive understanding of all the factors that determine your rates from the top 10 car insurance providers in the nation. Remember, the major influential factor is where you live, because ultimately, both you and your car insurance carrier must obey the laws in your state.

Are you ready to choose a company to have your back?

If we missed anything you want to know about the top 10 car insurance companies, let us know in the comments below.

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Top Auto Insurance Companies

Which is the best company for car insurance? There are numerous factors that go towards contributing to the quality of an insurer. The financial strength of a company is frequently over-looked by most insurance shoppers, yet it is a very significant factor.

After all, signing up with a financially unstable company may mean that by the time one is involved in an accident and files a claim, the company may be facing bankruptcy and unable to pay.

The cost of the policy and customer service is also significant issues. After continuous payment of premiums, one would expect quick and efficient service when it is needed.

If one is involved in an accident, being put on hold for ten minutes or told by a machine that “an agent will get back to you as soon as possible” only to find they never take the call can be frustrating!

Also, whether the company even has a valid license to operate in the state and sell insurance is another important variable.

According to most consumer guides put out by the government and industry professionals, the following are the top 10 auto insurance companies in the USA, and they provide the required coverage with very competitive prices, are financially sound, and have a reputation for being available when required.

Allstate Auto Insurance

Allstate is one of the most frequently top rated car insurance companies in the nation. They provide a wide range of policy options that suit the needs of a wide variety of customers.

Allstate is known for the competitive rates they offer, along with safe driving incentives and accident forgiveness.

They have been ranked as one of the top insurance companies for 70 years. They provide four different packages so one is sure to find one that suits their individual needs. In fact, some even claim that this company is ideal for teenagers and the elderly.

Allstate is known for the competitive rates they offer, along with safe driving incentives and accident forgiveness. They have been ranked as one of the top insurance companies for 70 years. 

They provide four different packages so one is sure to find one that suits their individual needs. In fact, some even claim that this company is ideal for teenagers and the elderly.

State Farm Auto Insurance

Discounts are one of the favorite things about an insurance provider and this company makes sure its customers get plenty of variety. Consumers can save a significant amount, up to 40 percent, with State Farm.

Geico Auto Insurance

Government Employees Insurance Company is owned by Berkshire Hathaway and provides private auto insurance in all fifty states of the nation. They are easily recognizable from their commercials on the air.

They are easily recognizable from their commercials on the air. They pledge outstanding customer service and promise to help in obtaining the least expensive auto insurance policy.

Additionally, they offer their customers several payment options which make them a favorite with potential clients.

Progressive Auto Insurance

Progressive Insurance is a multi-dimensional company offering not only auto insurance but bike, watercraft, Segway, RV and snowmobile loans. It was established in 1937 and has the honor of selling the maximum number of commercial auto policies through independent agents operating via brokers.

It was established in 1937 and has the honor of selling the maximum number of commercial auto policies through independent agents operating via brokers.

It has earned a credit rating of A+, which is excellent. They even have an innovative offer for their clients known as “name you price” in which potential clients can counteroffer the quote they give. Read the full Progressive Direct Auto Insurance review.

Nationwide Auto Insurance

Nationwide was founded in 1925 under the name of The Ohio Farm Bureau Federation and is now one of the largest financial organizations in the world.

In 1955, it officially became known as Nationwide Auto Insurance and is today one of the most financially strong auto insurers in the USA. They keep their customers happy by providing them with many low-cost insurance options.

AAA Auto Insurance

The American Automobile Association is a federation of associated auto clubs. The organization is a non-profit lobby that along with auto insurance, also offers a large number of services like first aid, towing, and emergency road service to members. It was founded in 1902 in Chicago.

Liberty Mutual Auto Insurance

Established in 1912, they are a financially sound company with a credit rating of “A.” In addition to the auto cover, they also offer home and life insurance. This is a full-service company providing comprehensive auto policies at very competitive rates. Liberty Manual has not only been rated as one of the top auto insurance companies in

This is a full-service company providing comprehensive auto policies at very competitive rates. Liberty Manual has not only been rated as one of the top auto insurance companies in the

Liberty Manual has not only been rated as one of the top auto insurance companies in the USA but has a wide network of financial services in 20 countries throughout the world.

21st Century Insurance

21st Century works in collaboration with some of the best auto insurance companies. They are able to provide their customers a large variety of insurance products in addition to auto insurance.

GMAC Auto Insurance

GMAC was established in 1939 and has grown steadily ever since. They make the individual needs of their customers the top priority and help them to design a policy that fits their budgets and requirements. In addition to being one of the best insurance companies in the U.S., they make a large range of insurance products available in Latin America,

In addition to being one of the best insurance companies in the U.S., they make a large range of insurance products available in Latin America, Asia, and Europe.

AIG Auto Insurance

American International Group promises to provide major savings compared to other insurance providers. Their main focus is to provide savings through low-cost insurance products and bundling. AIG is a world leader in insurance and financial services, with operations in more than 130 countries. In addition to auto insurance, they provide retirement services and asset management.

AIG is a world leader in insurance and financial services, with operations in more than 130 countries. In addition to auto insurance, they provide retirement services and asset management.

Additional Tips for Finding the Best Auto Insurance Company

There are numerous listings of “top 10” insurance companies if one searches online. While this may seem overwhelming, it actually is not. This is because there are some basic companies that stand out on everyone’s list.

Also, keep in mind that some regional and smaller companies have been around for a very long time and have been providing excellent service and rates that are comparable to the national companies; however, they do not show up on many lists due to the fact that they are not national.

The best insurance company is the one that fulfills individual needs the best and the best way to find it is to do plenty of research, then shortlist and finally get quotes and pick the best one!

  • There are several different auto insurance providers
  • Finding the best auto insurance company depends on your personal needs
  • Insurance companies are rated according to financial stability and customer service
  • A company’s ability to pay any claims filed is also an important consideration

Compare and find the best auto insurance rates with our FREE quote tool below!

If you are in the market for auto insurance, then you know that there are literally dozens of auto insurance companies from which you can choose.

The numerous options lead to a myriad of different questions such as how to choose the best company, who has the lowest rates, and who has the best policy for your needs.

The good news is that there are quite a few reputable and successful auto insurance companies that sell products that you can afford.

Keep reading, and we will discuss some of the more reputable auto insurance companies, what makes them successful, and how to choose among several companies when their rates are relatively the same.

Enter your zip code and compare auto insurance quotes from multiple top-rated auto insurance companies now!

Comparing the Top Auto Insurance Companies Side by Side

If you are in the market for auto insurance, then you know that there are literally dozens of auto insurance companies from which you can choose.

The numerous options lead to a myriad of different questions such as how to choose the best company, who has the lowest rates, and who has the best policy for your needs.

The good news is that there are quite a few reputable and successful auto insurance companies that sell products that you can afford.

Keep reading, and we will discuss some of the more reputable auto insurance companies, what makes them successful, and how to choose among several companies when their rates are relatively the same.

Enter your zip code and compare auto insurance quotes from multiple top-rated auto insurance companies now!

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State Farm Auto Insurance Company

We are starting with State Farm (click here to read the State Farm Auto Insurance Review), not because it has the highest rankings in terms of service, but because they are the company that has written the most auto insurance policies in the US.

As of 2010, State Farm had nearly 20 percent of the market share for auto insurance. If you consider that there are dozens of car insurance companies with seven companies taking up the top 50 percent of the market share, 20 percent is quite significant.

State Farm’s market share has steadily increased over the years despite the arrival of companies such as Progressive and Geico, who have both quickly taken their share of the insurance market.

State Farm has been doing business since 1922. The company was started to provide affordable insurance options to farmers, who were paying city driving prices for their insurance although they were only driving in the country where risk is much lower.

Today State Farm currently handles 35,000 claims every day. One of the things that they are known for is their quick turn around on paying claims.

Allstate Auto Insurance Company

Allstate is the second-largest auto insurance company in North America.

Allstate currently carries about 10 percent of the market share regarding car insurance.

Allstate was founded in 1931. What many people don’t know is that Allstate was a part of the Sears, Roebuck & Co franchise and was publically traded in 1993. Their attachment to the Sears name was what allowed Allstate to grow so quickly.

Allstate was the first company to offer accident forgiveness to drivers with a clean driving history.

While Allstate typically has slightly higher prices than other companies, they do pay back their drivers for maintaining a good driving record and staying accident-free.

Geico Auto Insurance Company

Geico and Progressive often switch places in terms of being third in the country for the most auto insurance policies written.

Geico, however, currently holds this spot with about eight percent of the market share.

Geico was founded in 1936 as a company that sold insurance policies to government based employees, including people in the military.

Today, Geico provides insurance options for people in all walks of life.

Geico is best known for their very low prices; however, you won’t find local Geico agents in every state and their policies can be more limited.

For example, your insurance won’t cover rental cars. In addition, only the drivers listed on your policy can drive your vehicle, no exceptions!

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Progressive Auto Insurance Company

Progressive holds 7 percent of the market share as of 2011.

Founded in 1937, Progressive has long been about customer satisfaction. Progressive has the distinction of being an insurance company that is known for paying their claims.

Progressive is also known as an affordable auto insurance company but with a little more flexibility than companies like Geico.

For example, when you drive a rental car you are covered under your plan, and you are allowed to let others drive your vehicle occasionally and still be covered.

Nationwide Auto Insurance Company

Nationwide was founded in 1925 and, although very well known, is a smaller company when it comes to auto insurance sales.

Their current market share is less than 5 percent. This doesn’t mean that they aren’t a good auto insurance company, only that they hold less of this market.

Nationwide is best known for its excellent business insurance options. They are often the first choice for fleet auto insurance as well as other business insurance products.

Liberty Mutual Auto Insurance Company

Liberty Mutual was founded in 1912 and they are the third-largest property and casualty insurance company in the US.

Their market share for auto insurance is less than 2 percent, but they still sell millions of policies every year. They just aren’t predominately auto insurance policies.

Liberty Mutual is known for its flexibility with their customers. If you don’t enjoy talking to an agent then you can do all of your business, from choosing an insurance product to making a claim, online.

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Travelers Auto Insurance Company

Travelers was founded in 1864 and they wrote their first auto insurance policy in 1897.

Despite the fact that Travelers claims less than 2 percent of the auto insurance market share, they are best known for innovating and changing the way that auto insurance is sold.

Travelers was the first to require their agents to become trained and licensed in their products before being allowed to sell them.

Travelers was also the first company that offered a hotline for customers to call when they had a claim.

AAA Auto Insurance Company

AAA was founded in 1902 in Chicago, Illinois. Today AAA has over 52 million members.

AAA has less than a 1 percent market share for auto insurance.

A major reason for this is that AAA isn’t known for their auto insurance products; they are known for the emergency services that they provide to their members.

Defining the Best Auto Insurance Companies

There are several factors that determine the success of an auto insurance company. One definition of success is the length of time a company has been in business.

As you can see from the list above, all of the insurance companies listed above have been doing business for 50 years or longer.

There is no denying that staying in business for the long term is an amazing feat for an insurance company.

Another way to define the success of an insurance company is by how others rate them. Customer satisfaction is important, especially for people looking to make a change from their current insurance company.

Each of the companies listed above has excellent customer ratings, not just for auto insurance, but for the other products that they sell as well.

The companies with the highest market share consistently rank higher for customer service as well as claims paid.

Auto Insurance Companies and Financial Ratings

Financial success is also an important aspect of choosing a successful insurance company.

There are several financial rating companies that rank insurance companies based on their financial information, claims, growth and so on.

These companies use this information to determine how sound a company is and what their long-term outlook is.

Here are the AM Best rankings for each of these companies:

  • State Farm A++ with a long-term stable outlook
  • Allstate A+ with a long-term stable outlook
  • Geico A++ with a long-term stable outlook
  • Progressive A+ with a long-term stable outlook
  • Nationwide A+ with an overall negative long-term outlook
  • Liberty Mutual A with an overall negative long-term outlook
  • Travelers A+ with a long-term stable outlook
  • AAA A+ with a long-term stable outlook

A++ is the highest rating a company can receive from AM Best. As you may have noticed, there are a couple of companies with an overall negative long-term outlook. This could mean many things, but doesn’t necessarily mean that the company is going to fail.

In some cases, this means that the company is growing too fast and that it needs to slow down and let its assets catch up with its growth.

It could also mean that the company recently lost too many policies making it difficult to maintain its current claim influx.

Of course, it could also mean that the company is failing, but a long-term outlook typically means years, not months.

With companies like Nationwide and Liberty Mutual, you will find that the negative outlook will likely turn around in a year or so. However, this does depend on the economy and how things go overall for the company.

Choosing the Right Auto Insurance Company

Often, you will find that when you receive your auto insurance quotes, they will be for similar amounts from each company.

Consider each of the company’s other assets before making your choice.

  • One of the things you may want to consider when this happens is the company’s financial status. You may feel more comfortable with a company with an A++ rating and a stable outlook than with a company with a negative outlook.
  • Another thing you will want to consider is whether or not you will have a teen driver soon. Some companies offer lower discounts for teens, but you should get quotes from each company again with the teen driver added to your policy
  • If you frequently rent vehicles, then a company like Geico may not be the best choice, especially if you rent a car for weeks at a time. The cost of buying insurance through a car rental company can range between $16 and $30 a day.
  • Don’t forget to consider customer service ratings for each company. A company may have low rates but bad reviews regarding their customer service. If how you are treated is important to you, then this is something to keep in mind.

What’s more, you need to talk to your friends, family and coworkers about the insurance company that they use. Just because a company has low ratings nationally doesn’t mean they have low ratings locally.

Take time to visit your states’ Department of Insurance as well. You can find a list of insurance companies that are licensed to sell insurance in your state as well as a list of any legitimate complaints that have been filed against them.

The bottom line is that top-rated companies are rated so for a reason — they have consistently provided excellent service and products to their customers.

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What are the top rated auto insurance companies?

Determining the top-rated auto insurance companies may be performed in a few different ways.

  • State Farm is always listed in the top five of any Top Insurance Companies list
  • Allstate is another highly rated company that has been in business for many years
  • Progressive offers its customers many different types of discounts

When determining the best-rated auto insurance companies, the evaluator may consider the percentage of market share that companies claim.

The best way to compare auto insurance coverage and companies for a policy that meets your particular needs is to use an insurance comparison tool.

Many such tools are available on the Web. Most of these applications will allow potential insurance companies to do side-by-side comparisons of companies, as well as policies.

Enter your zip code into our FREE auto insurance comparison tool to find great rates on auto insurance!

State Farm

State Farm is always listed in the top five of any Top Insurance Companies list. JD Powers and Associates ranks State Farm as one of the best in terms of customer service, billing, rates, and policy coverage.

Depending on the date of the list, and the source of the research, State Farm always holds a significant advantage to other auto insurance carriers in terms of market share.

State Farm offers exceptional discounts for insuring both your home and your car, or multiple vehicles, with the company.

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Amica

Amica is another auto insurance company that rates high on all dimensions.

Amica does not hold a significant market share as does State Farm.

However, this company always rates extremely high in customer satisfaction metrics. Amica also scores well in billing, policy coverage, and discounts.

Allstate

Allstate is another highly rated company that has been in business for many years.

Allstate customers rate this insurance carrier as being one of the best in terms of customer satisfaction, billing, policies and rates.

In JD Powers and Associates 2009 analysis of market share, Allstate came in second, right behind State Farm, on the dimension of market share.

Geico (Berkshire Hathaway)

Geico is a popular company with several great marketing campaigns.

These campaigns have apparently paid off because Geico holds the third place in market share, right behind State Farm and Allstate.

Geico customers report on several auto insurance review sites that they are happy with the service they receive from this company.

Many reviewers rave about the service they have received from this company. Geico appears to be doing well and generating a loyal customer base.

Progressive

A relatively new company, Progressive has been making a name as a reputable insurance carrier over the last few years.

Progressive truly is a progressive company as this carrier offers innovative ways for policyholders to receive discounts on their premiums.

One way is with a “black box” device that monitors the driver’s habits. If the policyholder is a safe driver and is able to prove it with the monitoring device, Progressive offers significant savings on the insured’s premium payments.

This new and unique idea is known as the “Progressive Snapshot Discount.”

Comparing auto insurance companies is one way to get the best deal on your policy.

Car insurance is a necessity, and rates for similar policies may dramatically differ.

The best way to compare auto insurance companies and policies is to use a comparison site. To use one of these comparison tools, enter your zip code and a list of insurance companies that issue policies in your area will display.

Different comparison tools offer different features. Try to find one that enables you to compare companies and policies while viewing all selected options in one view.

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What are the top 5 car insurance companies?

There are many things to consider when choosing the best insurance company, but if you want to consolidate down to the top five auto insurance companies then let’s give it a try. Many people prefer to go with an older, well-established company.

There are some who look for a company with a good track record for having a quick and easy claims process. Some customers search for a company with outstanding customer service.

Others choose to purchase their auto insurance from the company that provides them with the cheapest auto insurance quote.

The following is a list that we have compiled of the top five auto insurance companies in general terms of popularity, reviews, and ratings:

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Progressive

Progressive has been around for over 70 years and is the third-largest auto insurance company in America. Progressive receives very high ratings for its claims services, as well as its customer service.

Progressive was given an A+ (Superior) rating by A.M. Best, the leading financial rating source in the insurance industry.

Customers brag about the user-friendliness of Progressive’s online policy services. On their website, you can receive quotes, make policy changes or print insurance cards and other documents.

Progressive gives many policy discounts including:

  • Good Driver
  • Good Student
  • Multi-Vehicle
  • Multi-Policy
  • Continuous Coverage
  • Anti-Theft Device
  • Advanced Safety Features
  • Low Mileage
  • Loyalty
  • Corporate Affiliate
  • Automatic Payment
  • Full Payment Discount

Progressive also offers the new SnapShot discount. They will mail a small electronic device to you that you plug into your car for 30 days.

The device records information about your driving habits. You then mail the device back to Progressive and they apply a discount based on the recorded information.

You may choose to quote and purchase your Progressive direct auto insurance policy online, by telephone or through a local agent.

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Geico

Geico’s rating by A.M. Best is A++ (Superior). Geico offers instant online premium quotes and online policy services through their website.

Geico customers have rated their customer service and claims services highly.

This company offers many policy discounts including:

  • Good Driver
  • Good Student
  • Multi-Vehicle
  • Multi-Policy
  • Continuous Coverage
  • Anti-Theft Device
  • Advanced Safety Features
  • Low Mileage
  • Loyalty

Your options for quoting and purchasing an auto insurance policy with Geico are limited to telephone or through their website.

Esurance

Esurance was founded in 1998. It has received an A+ (Superior) rating from A.M. Best.

Esurance also receives high ratings from its customers for its outstanding customer service and claims process.

Esurance is a green company and prides itself with its paper reduction and reforestation efforts.

It offers lower rates than many of its competitors because it is an internet-based business.

Policy discounts offered by Esurance include:

  • Good Driver
  • Good Student
  • Multi-Vehicle
  • Multi-Policy
  • Continuous Coverage
  • Anti-Theft Device
  • Advanced Safety Features
  • Occupational
  • Loyalty
  • Single Parent

You can conveniently quote and purchase your auto insurance policy online. Esurance customer service can be contacted online or by telephone.

Nationwide

Nationwide auto insurance was founded in 1926, writing policies only for farmers and ranchers.

However, because of its success in these areas, it has more recently expanded its auto insurance to include drivers across the nation.

Nationwide is rated A+ (Superior) by A.M. Best and received high ratings from its customers for claims services.

The company guarantees the repairs on the customer’s vehicle for the life of the car.

Nationwide provides free online quotes and bill payments.

Nationwide gives several policy discounts including:

  • Good Driver
  • Good Student
  • Multi-Vehicle
  • Multi-Policy
  • Anti-Theft Device
  • Loyalty

You may conveniently quote or purchase an auto insurance policy from Nationwide online, by telephone or from a local agent.

State Farm

State Farm was founded over 80 years ago. In the beginning, they only wrote policies for farmers and ranchers.

However, they have since expanded their auto insurance coverage to all of the United States and Canada.

State Farm has an A++ (Superior) rating by A.M. Best.

The characteristics of State Farm auto insurance have improved.

It now offers free online quotes, bill payments, and policy services. They have an excellent track record for quick and easy claims processing.

State Farm also receives great reviews for their customer service.

State Farm offers numerous policy discounts including: 

  • Good Driver
  • Good Student
  • Multi-Vehicle
  • Multi-Policy
  • Anti-Theft Device
  • Advanced Safety Features
  • Low Mileage
  • Loyalty
  • Corporate Affiliate
  • Automatic Payment

A State Farm auto insurance policy can be quoted and purchased online, by telephone or at the office of a local agent.

These familiar companies have made it into the coveted top five list, but the best way to find the right company for you is to compare personalized auto insurance rates.

Online comparison tools make finding the best auto insurance easier than ever before.

Enter your ZIP code into our FREE auto insurance comparison tool to find auto insurance companies with great rates for you!