According to 2022 data from the National Association of Insurance Commissioners (NAIC), the 10 largest car insurance companies account for 77% of the total U.S. market. Below are the market share percentages of the country’s biggest auto insurance providers along with scores compiled after thorough research by our editorial team:
| Car Insurance Provider | National Market Share | Overall Rating Out of 10.0* |
|---|---|---|
| 1. State Farm | 16.84% | 9.4 |
| 2. Geico | 14.05% | 9.1 |
| 3. Progressive | 13.76% | 9 |
| 4. Allstate | 10.69% | 8.8 |
| 5. USAA | 5.92% | 9.2 |
| 6. Liberty Mutual | 4.95% | 9 |
| 7. Farmers Insurance | 4.55% | 8.6 |
| 8. Travelers | 2.11% | 9.5 |
| 9. American Family Insurance | 2.11% | 9.1 |
| 10. Nationwide | 1.99% | 9.1 |
*Ratings were determined by our Guides Auto Team. Learn more about our scoring methodology at the end of this article.
Note that many of these companies offer other coverage types such as homeowners insurance, renters coverage and life insurance. You may be able to save on car coverage if you bundle it with other insurance products such as home insurance.
Largest Car Insurance Companies: A Closer Look
The top 10 largest car insurance companies write over three-quarters of the direct premiums in the U.S. auto insurance market. Find more details below on the country’s 10 biggest insurance companies by market share and their average costs for full and minimum coverage.
Average Rates for the Largest Car Insurance Companies
The cheapest car insurance among large providers comes from USAA, Nationwide, Geico and State Farm. On the other hand, those who select Farmers and Allstate are likely to pay more for similar amounts of coverage. Since rates vary due to driving record, credit score and car type, it’s worth getting car insurance quotes before picking a provider.
| Car Insurance Provider | Annual Full Coverage Cost | Annual Minimum Coverage Cost |
| State Farm | $1,657 | $523 |
| Geico | $1,596 | $461 |
| Progressive | $2,030 | $697 |
| Allstate | $2,598 | $854 |
| USAA | $1,512 | $387 |
| Liberty Mutual | N/A | N/A |
| Farmers Insurance | $3,169 | $1,153 |
| Travelers | $1,595 | $648 |
| American Family Insurance | $1,851 | $810 |
| Nationwide | $1,433 | $531 |
Largest Car Insurance Companies: The Bottom Line
Many large auto insurance companies across the country represent reputable and financially stable options for policyholders, offering coverage add-ons and quality telematics insurance programs. Since they vary widely in price, customer satisfaction and available discounts, we recommend comparing car insurance quotes to find the best policy for your needs.
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