You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the reviewer. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow rigid guidelines to ensure that our column contentedness is not influenced by advertisers. Our editorial team receives no direct recompense from advertisers, and our content is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and dependable information. We value your believe. Our deputation is to provide readers with accurate and indifferent information, and we have column standards in place to ensure that happens. Our editors and reporters thoroughly fact-check column message to ensure the information you ’ re reading is accurate. We maintain a firewall between our advertisers and our column team. Our editorial team does not receive direct compensation from our advertisers. Bankrate follows a rigid editorial policy, so you can trust that we ’ re putting your interests first. Our award-winning editors and reporters create honest and accurate subject to help you make the right fiscal decisions. All providers discussed on our locate are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ re putting accuracy first. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which supplier is correct for you. Bankrate follows a hard-and-fast column policy, so you can trust that we ’ ra putting your interests inaugural. All of our content is authored by highly qualified professionals and reviewed by topic matter experts, who ensure everything we publish is aim, accurate and worthy of your trust. Founded in 1976, Bankrate has a long track record of helping people make fresh fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making process and giving people confidence in which actions to take following. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This capacity is powered by HomeInsurance.com ( NPN : 8781838 ). For more data, please see our Insurance disclosure. With closely 6,000 policy companies serving consumers across the U.S., according to the Insurance Information Institute ( Triple-I ), choosing the best car insurance coverage for you can be a daunt experience. Some drivers may be looking for the most low-cost cable car insurance, while others might be in search of strong customer service, an easy claims filing process and user-friendly mobile apps. Whatever your preference, you may benefit from guidance while determining which company best fits your needs. To help you find the best cable car policy for you, Bankrate indemnity ’ s editorial team researched average premiums, coverage options, dismiss offerings and third-party customer servicing scores and fiscal strength rankings. In addition to referencing our template, you may want to generate quotes from the follow car insurers to get a feel for how much you would pay .
List of auto insurance providers
When shop for car policy, your inaugural measure may be to identify what factors matter most to you in a company, like digital tools, J.D. Power ratings, fiscal military capability ratings or forte coverage options. From there, you can create a list of car insurance companies that meet your needs. Getting quotes from several providers could help you find the carrier that offers the justly coverage for you at the right price. The following includes national and regional car insurance companies that Bankrate analyzed as potentially good options for drivers across the U.S. :
What are the 10 largest auto insurers?
Although there are thousands of car indemnity companies operating in the U.S., a handful of the largest car insurance companies dominate the market. Bankrate ’ s indemnity column team analyzed each company ’ south average minimum and full coverage premiums from Quadrant Information Services, coverage choices, discounts, fiscal potency ratings and customer avail scores. With this information, we assigned a Bankrate Score to each company. The scores are out of a 5.0 scale. The higher the Bankrate Score, the higher a company ranked in each of the individual score categories. The watch list of insurers demonstrates how the acme 10 U.S. car carriers write about 75 % of the nation ’ sulfur car indemnity coverage ( ranked by market partake ) :
- State Farm: 16.2%
- Geico: 13.6%
- Progressive: 13.3%
- Allstate: 9.1%
- USAA: 6.3%
- Liberty Mutual: 4.8%
- Farmers: 4.0%
- Nationwide: 2.3%
- American Family: 2.1%
- Travelers: 2.0%
so how do these car insurance companies compare ? Each has its own advantages, and the best insurance company for one person may not be the best for another .
Looking to save money on auto insurance?
Compare rates & save
- Headquarters: Bloomington, Illinois
- Market share: 16.2%
- Average annual full coverage premium: $1,381
- Average annual minimum coverage premium: $424
- Bankrate Score: 4.7
department of state grow is the nation ’ randomness largest insurance company of personal autos. The company offers numerous lines of insurance, bank products and loans, which are available through a network of local anesthetic State farm agents across the U.S. If you are in the market for policy and bank services, State Farm is worth consideration. submit Farm ’ s overall customer satisfaction ratings from J.D. Power are largely average. however, the company did earn an above-industry-average grade for claims serve. This indicates that customers are often satisfied with how State Farm handles claims in the event of a passing. State Farm boasts a potent balance sheet and carries an A++ ( Superior ) fiscal strength rat from AM Best .
state farm has 19,000 local agents and 58,000 employees, making it easy to find help with your policy in your area. additionally, State Farm has a usage-based indemnity telematics program called Drive Safe and Save that rewards drivers with discounts on their cable car indemnity based on good drive habits. Policyholders earn a discount rate equitable for signing up and could earn up to 30 % for participating .
Learn more: State Farm Insurance review
- Headquarters: Chevy Chase, Maryland
- Market share: 13.6%
- Average annual full coverage premium: $1,304
- Average annual minimum coverage premium: $343
- Bankrate Score: 4.7
Geico is the nation ’ s second largest car indemnity writer and insures more than 28 million vehicles. Its motto, “ 15 minutes could save you 15 % or more on car policy, ” is particularly memorable when paired with its commercials featuring the Geico Gecko. Geico ’ s customer satisfaction ratings from J.D. Power revealed that it scored just above the diligence modal for claims satisfaction. This demonstrates that customers are broadly satisfied with Geico ’ s customer servicing. As a wholly owned subsidiary company of Berkshire Hathaway Inc., Geico carries an A++ ( Superior ) fiscal persuasiveness fink from AM Best .
Geico ’ s user-friendly app for Android and Apple iOS operating systems makes it easy to view your policy, get quotes and file claims on your smartphone from wherever you are. The caller besides has a wide assortment of dismiss opportunities, including occupational and professional organization-based discounts, and savings for federal employee condition .
Learn more: Geico Insurance review
- Headquarters: Mayfield Village, Ohio
- Market share: 13.3%
- Average annual full coverage premium: $1,533
- Average annual minimum coverage premium: $507
- Bankrate Score: 4.4
Progressive is the third-largest car insurance company in the U.S. With indeed many resources at its fingertips, the caller offers a wide scope of coverage options for your vehicle, home, boats and RVs. If you ’ re looking to save money, the innovative Progressive Snapshot usage-based telematics program uses sensors to track your driving in substantial clock time and offers lower rates for safe repel. however, keep in take care that Progressive ’ s J.D. Power customer satisfaction scores are largely median and it received a below-average ranking for claims service. Progressive is fiscally reasoned and maintains an A+ ( Superior ) fiscal strength military rank from AM Best .
progressive offers both standard and nonstandard car indemnity. If you have accidents, tickets or DUI convictions and find it unmanageable to find car coverage, Progressive may be able to help .
Learn more: Progressive Insurance follow-up
- Headquarters: Northbrook, Illinois
- Market share: 9.1%
- Average annual full coverage premium: $2,390
- Average annual minimum coverage premium: $520
- Bankrate Score: 4.0
Allstate is one of the largest policy companies in the nation. By offering car, home, renters and liveliness policy coverage, Allstate makes it easy to bundle multiple insurance types and earn a premium discount. Allstate ’ s customer satisfaction scores from J.D. Power change according to where you are located — it ranks above modal in some regions but under average in others. If you are considering a quote from Allstate, you may want to review your region ’ mho specific reviews first. Allstate carries an A+ ( Superior ) fiscal intensity rate from AM Best .
Allstate ’ s usage-based Drivewise telematics program can generate an extra discount if you maintain good force habits. Drivewise participants can besides earn rewards points, which they can redeem for car rentals, magazine subscriptions, endow cards and trade .
Learn more: Allstate Insurance recapitulation
- Headquarters: San Antonio, Texas
- Market share: 6.3%
- Average annual full coverage premium: $1,272
- Average annual minimum coverage premium: $355
- Bankrate Score: 5.0
entirely an insurance company for the military community, USAA offers heavily discounted car coverage to active-duty service members, veterans and family members with an average annual savings of $ 725 when you switch. USAA is the one-fifth largest car insurance company in the U.S.
USAA systematically received high customer military service scores with J.D. Power, although the company is not eligible for official rank due to its eligibility restrictions. Like several other industry leaders Bankrate analyzed, USAA maintains the highest horizontal surface fiscal forte rat from AM Best : A++ ( Superior ) .
USAA ’ randomness car indemnity offers singular features to make being insured as a military service member more commodious. This includes fomite repositing discounts while on deployment and automatic rifle payment schedules. If your car is calm being driven, you could add USAA wayside assist to ensure you and your kin members are taken caution of while on the road .
Learn more: USAA Insurance inspection
- Headquarters: Boston, Massachusetts
- Market share: 4.8%
- Bankrate Score: 3.9
You can purchase insurance coverage for merely about anything through Liberty Mutual, from your home to your boat to your pets. The company ’ south car policy policies are easy to purchase, oversee and bundle with early Liberty Mutual policies. Bundling is not the only way to save. Liberty common lists 17 different car discounts on its web site to help customers get the best price on their car policy. Like Allstate, Liberty Mutual ’ s J.D. Power customer gratification scores vary by region. You may want to research customer satisfaction results in your sphere if you get a quote from this company. Liberty Mutual carries an A ( Excellent ) fiscal force evaluation from AM Best .
Liberty Mutual ’ s Better Car Replacement broadcast is designed to replace your totaled vehicle with a model one year newfangled with up to 15,000 fewer miles than your guarantee vehicle. Leased cars do not qualify for this coverage, but drivers who own their fomite and would quite upgrade it following a report total loss consequence may find this coverage to be a good option .
Learn more: Liberty Mutual Insurance inspection
- Headquarters: Los Angeles, California
- Market share: 4.0%
- Average annual full coverage premium: $2,000
- Average annual minimum coverage premium: $678
- Bankrate Score: 3.8
As the seventh-largest car insurance company in the U.S., Farmers offers robust coverage, with a farseeing list of unique features. For model, you can purchase ridesharing coverage if you drive for a transportation providers like Uber or Lyft. You may besides be able to purchase OEM coverage, which will source original manufacturer parts for your vehicle if it is damaged. Farmers received an above-average ranking for claims atonement from J.D. Power. The company carries an A- ( Excellent ) fiscal strength rate from AM Best. Farmers Group recently completed its skill of MetLife ’ s property and casualty business, MetLife Auto & Home. Drivers presently insured with MetLife may begin to see changes to the branding on their policies, and different coverage options or discounts may become available as the companies merge .
If you have recently purchased a new car, you may want to consider Farmers ’ New Car Replacement Coverage. This optional coverage is designed to replace your totaled car with a stigmatize raw model, ampere farseeing as your vehicle is less than two years old and has fewer than 24,000 miles .
Learn more: Farmers Insurance review
- Headquarters: Columbus, Ohio
- Market share: 2.3%
- Average annual full coverage premium: $1,301
- Average annual minimum coverage premium: $465
- Bankrate Score: 4.4
countrywide offers full lines of personal and commercial policy products. Nationwide provides all the essentials in its car policies, adenine well as optional coverage add-ons like tow, rental car coverage and opening coverage, which is designed to pay for the remainder between your car ’ second value and what you owe on the rent or lend if your fomite is totaled. Like respective other major car insurers, Nationwide ’ s overall J.D. Power customer satisfaction scores besides fluctuate by region, but the party scored below average in J.D. Power ’ s overall claims satisfaction study. Nationwide is fiscally impregnable and maintains a A+ ( Superior ) fiscal strength rat from AM Best .
Through Nationwide ’ s Vanishing deductible program, you can potentially earn $ 100 off your collision and/or comprehensive deductible for each year you practice safe drive, up to a utmost of $ 500. Depending on what coverage types are included in your policy, this could efficaciously eliminate your integral deductible .
Learn more: Nationwide Insurance review
- Headquarters: Madison, Wisconsin
- Market share percentage: 2.1%
- Average annual full coverage premium: $1,090
- Average annual minimum coverage premium: $465
- Bankrate Score: 4.3
American Family, normally known as AmFam, sells car, home, life, health, change of location and identity larceny policy, along with other policy products. The company, which has a network of local anesthetic agents throughout the U.S., puts an stress on appliance, providing smartphone apps with features like easy bill paying and a Teen Safe Driver program. AmFam carries an A ( Excellent ) fiscal military capability rat from AM Best .
AmFam ’ south Dreams Restored Program takes the stress out of finding a repair denounce by connecting you with spouse shops in your area. Bills are sent directly to the indemnity company, so you never have to see them. The work besides gets a life craft guarantee from american Family .
Learn more: american Family Insurance revue
- Headquarters: New York City, New York
- Market share percentage: 2.0%
- Average annual full coverage premium: $1,568
- Average annual minimum coverage premium: $508
- Bankrate Score: 4.7
Travelers offers standard car insurance coverage types, equally well as options to tailor your policy, like rental car coverage, newly car surrogate and accident forgiveness. The company ’ south numerous discounts might allow you to save on your policy for bundling, dependable drive or shop early for a modern policy. For example, Travelers ’ multi-policy discount can save you up to 13 % on your cable car indemnity premiums. Travelers received below-average claims service ratings from J.D. Power, a well as below-average customer service satisfaction scores in the particular regions in which it is available. Like our other clear car insurers, Travelers has a strong balance plane and maintains the highest fiscal forte rate from AM Best, A++ ( Superior ) .
Drivers in some states can take advantage of IntelliDrive, the company ’ s usage-based smartphone app that tracks driving habits for 90 days and reduces the cost of your agio for safe drive, although you could besides experience a agio addition if your drive habits are not safe, based on Travelers ’ telematics analysis .
Learn more: Travelers Insurance reappraisal
How to choose the right auto insurance company
When shopping for car indemnity, you may want to follow a few guidelines to help you find the best coverage for the best price .
- Shop around. The Triple-I recommends you get quotes from a minimum of three insurers, which will allow you to compare coverage options, discounts, and price.
- Inquire about discounts. Most insurance carriers offer discounts that you can qualify for to obtain additional savings. Ask potential insurers which ones might help you save on your premium.
- Consider your coverage needs. Depending on your budget or financial goals, vehicle value, whether you have a financed vehicle and other personal rating factors, your coverage choices may vary in type and limit.
- Bundle your policies. Most carriers that write several lines of insurance offer discounts to policyholders that purchase more than one policy type with them.
- Review financial strength ratings. You can check an insurer’s financial strength rating with companies like AM Best, Moody’s and Standard & Poor’s. These companies analyze historical data to review an insurance company’s ongoing financial strength. A low rating could indicate that a company may not be able to pay out claims if it is inundated with a large amount of losses after a major event, like a hurricane.
- Research customer service reviews. Third parties like J.D. Power publish studies that rank insurance companies based on customer service satisfaction, claims service satisfaction and overall customer experience.
Finding the right car insurance provider can take some time, but it can be worth the effort to find the car policy party that best meets your needs .
Frequently asked questions
How much does car insurance cost?
The average annual cost of car insurance in the U.S. is $ 565 for minimum coverage and $ 1,674 for fully coverage. Your agio will depend on your specific fink factors, like the company you choose, your old age, the type of car you drive, the coverage selections you choose and your motive vehicle record .
How much car insurance do I need?
Everyone ’ second car insurance needs are unlike, but closely every state will require you to purchase at least minimum coverage. To decide what coverage types and what limits to buy, you might want to consider a few things. For example, do you have the money to repair or replace your vehicle if it is damaged ? If not, you may want to consider full coverage indemnity. You might besides want to consider the fiscal ramifications of causing an accident. Purchasing an appropriate measure of indebtedness coverage could protect you and your family from fiscal destruction .
Can I change my car insurance to a new company?
You can change your car policy to a new company at any fourth dimension during your policy period. however, some companies may have early cancellation fees, so checking your ship’s company ’ south guidelines before canceling might be a good theme. If you have found an insurance company that you want to switch your coverage to, equitable make certain you know when your newfangled policy starts before you cancel your honest-to-god one to avoid a sink in coverage .
Which is the best car insurance company?
The best car policy company varies from person to person. A tech-savvy driver may be looking for a ace fluid app for file and tracking claims, while a price-conscious driver may be concerned in finding the lowest prices and best discounts. One way to find the best company for you is to talk with an indemnity agentive role about your needs and generate quotes from the top national and regional car policy providers in your area .
What do I need for a car insurance quote?
The most coarse advice when looking for a car indemnity policy is to shop around, but there are childlike steps you can take to make the procedure immediate. For all drivers who will be on the policy, you can start by preparing information such as their names, driver ’ second license numbers and dates of birth. note that due to individual driver information, rebate eligibility may vary. For any vehicles that will be insured, you ’ ll need to provide the year, make, model and vehicle recognition total ( VIN ) for the most accurate quote .
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean drive record, good credit and the follow full coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state ’ sulfur requirements. Our base visibility drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a weighted crying of industry-standard ratings for fiscal strength and customer know in summation to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their fiscal security covers the likeliest risks, is priced competitively and is provided by a financially-sound party with a history of cocksure customer support. To determine how well the best car indemnity companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S & P, NAIC, and Moodys had the most impact on the companies ’ Bankrate Scores. As price is a coarse circumstance for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This visibility, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurance company handiness, affordability and customer have are frequently the top priorities, Bankrate besides analyzed each insurance company ’ s on-line and mobile resources for policy management and claims handling. indemnity is quickly evolving to keep pace with our digital universe, so these aspects besides carried system of weights in determining Bankrate Scores .