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: Apr 20, 2020

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Things to Remember...

  • Nationwide has been offering auto insurance for over 80 years and currently has assets totaling over $135 billion
  • Allstate has been around since 1931 and currently has assets over $125 billion
  • Geico (Government Employees Insurance Company) was established in 1936 and focused on military and government personnel

Many individuals and families seek a reputable auto insurance company to provide insurance coverage for their vehicles. It may be to purchase a new automobile, or it may be to find a new company because an existing policy raised premium costs.

With so many companies selling auto insurance in the current market, it is difficult to choose one company.

A direct comparison between the various well-known companies may help in making a decision.

Start comparing quotes today! Enter your ZIP code into our FREE auto insurance comparison tool!

Top of the Line

These do not include the best new auto insurance companies, but some well-known names in the auto insurance field include the following, listed in no particular order:

  • Nationwide
  • Allstate
  • Progressive
  • State Farm
  • Geico

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Nationwide

Nationwide has been offering auto insurance for over 80 years and currently has assets totaling over $135 billion. Their popular motto is “Nationwide is on your side.”

Company Financial Strength Ratings:

  • A.M. Best – rated A+
  • S&P – rated A+
  • Moody’s – rated A1

Special features offered by Nationwide include a 100 rent repair guarantee, 24 hour/7 days a week claims service, accident forgiveness, and a vanishing deductible.

Additional discounts are available for qualified individuals.

Discounts may be given if more than one vehicle is insured, or if multiple insurance policies are held by Nationwide (such as auto and home).

In addition to offering comprehensive auto insurance coverage, Nationwide also offers additional insurance coverage for items besides auto.

They insure other vehicles such as motorcycles and boats, as well as coverage for homes and even farms.

Allstate

Allstate has been around since 1931 and currently has assets over $125 billion. Their popular motto is “You’re in good hands with Allstate.”

Company Financial Strength Ratings:

  • A.M. Best – rated A+
  • S&P – rated AA-
  • Moody’s – rated Aa3

Special features offered by Allstate include a claim satisfaction guarantee, which can equal up to six months worth of premium costs.

If insurance policies are bundled together, you may qualify for an additional auto insurance discount.

Allstate offers insurance for auto and home, as well as life and retirement products, under a variety of brand names. Esurance is an Allstate company that offers auto insurance products online directly to the consumer.

Free Auto Insurance Comparison

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Progressive

Progressive has been offering insurance products since 1937 and leading the advances in innovation for added convenience to customers.

Company Financial Strength Ratings:

  • A.M. Best – rated A+
  • S&P – rated AA
  • Moody’s – rated Aa2

Special features offered by Progressive include direct premium comparisons between Progressive and other well-known insurance companies as well as online policy servicing (to make payments or file a claim).

Unique Name Your Price tool allows any policy quote to be adjusted to meet the financial budget of any consumer.

The newest innovation is called Snapshot.

Consumers may earn a discount for driving safely by installing a Snapshot device, which will record individual driving information and habits for a specific period of time.

Progressive offers auto insurance as well as insurance for other vehicles including motorcycles, boats, and even RVs.

Quotes may be obtained online or through an insurance agent, but prices and products may differ.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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State Farm

State Farm has been around since 1922, with a focus on providing auto insurance at an affordable price to customers.

With over 18,000 Agents all over North America, State Farm currently handles over 80 million policies.

The company focused on honesty and integrity since its inception and continues to do so today.

Company Financial Strength Ratings:

  • A.M. Best – rated A++
  • S&P – rated AA
  • Fitch – rated AA+

State Farm insurance agents and offices can be found throughout the United States. Insurance covered is offered for automobiles, boats, and homes.

Additional insurance products include business, life, annuities, health, and disability.

Geico

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Many are familiar with the little green gecko spokesperson or the motto “You can save 15 percent or more on your car insurance.”

Geico (Government Employees Insurance Company) was established in 1936 and focused on military and government personnel.

It became a subsidiary of Berkshire Hathaway, Inc. in 1996, with assets over $28 billion.

Company Financial Strength Ratings:

  • A.M. Best – rated A++
  • S&P – rated AA+
  • Moody’s – rated Aa1

Additional insurance policies are available for other vehicles, such as motorcycle, RV, ATV, and boat.

Home and flood insurance policies are available for many types of homes, such as single family homes, condos, mobile homes and even insurance for renters.

Life insurance, personal umbrella protection, and identity theft protection are also offered by Geico.

All of the insurance companies described above are considered “A” rated companies, but each provides a different approach to auto insurance.

Some may provide a physical office location with a local agent, while others focus on the internet to reach customers.

Some may focus on savings, while others focus on insurance coverage and benefits.

For more detailed information on obtaining an insurance quote, use our FREE online comparison tool by entering your ZIP code!

References:

  1. https://www.allstate.com/
  2. https://www.statefarm.com/insurance/auto
  3. http://www3.ambest.com/ratings/entities/CompanyProfile.aspx?ambnum=2358&URatingId=709606&AltNum=0
  4. https://www.esurance.com/info/car/uninsured-and-underinsured-coverage
  5. https://www.progressive.com/glossary/comprehensive-and-collision/
  6. https://www.progressive.com/auto/snapshot/
  7. https://www.statefarm.com/
  8. https://www.geico.com/more/geico-community/commercials/gecko-journey-across-america/
  9. http://money.cnn.com/magazines/moneymag/money101/lesson22/index4.htm
  10. https://www.geico.com/information/aboutinsurance/umbrella/