The 10 largest car insurance companies

Shopping for car insurance? Here are the 10 largest car insurance companies in the U.S.

Bigger auto insurance companies often offer a wide range of standard coverages, unique add-ons, and ways to save on your premium. Plus, unlike regional insurers, many of them cover drivers across the country.

• State Farm
• Progressive
• Geico
• Allstate
• USAA
• Liberty Mutual
• Farmers
• Travelers
• American Family
• Nationwide

1. State Farm

As the largest auto insurer in the U.S., State Farm has thousands of insurance agents around the country. State Farm also offers homeowners, renters, property, health, disability, personal liability and life insurance options.

Customers can save on their premiums by taking advantage of one of State Farm’s two discount programs. Drive Safe & Save is a usage-based insurance program that uses a smartphone app to track safe driving, and Steer Clear is a safe-driving program for drivers under age 25.

2. Progressive

Progressive’s insurance products — which include auto, renters, homeowners, condo and other vehicle insurance products — are also available nationwide, though coverage options may vary by state.

Cost-conscious customers may benefit from Progressive’s “Name Your Price” tool, which can help you find coverage options at a premium that fits your budget.

3. Geico

Geico, a Berkshire Hathaway subsidiary, has provided insurance products since 1936. Today, the insurance company stands out for its wide range of potential discounts, including discounts for having a safe driving record, bundling multiple Geico policies, having certain safety or anti-theft equipment and being affiliated with certain groups like the military, federal employees and people in the military who are part of emergency deployment.

4. Allstate

Founded in 1931, Illinois-based Allstate offers a wide range of insurance products across the country. Allstate’s Drivewise program is available in some states and allows drivers to earn rewards for tracking their safe driving habits through a mobile app.

Allstate is one of the few major insurers offering a pay-per-mile insurance program, Milewise, which charges drivers a daily base rate plus a per-mile rate for every mile they drive.

5. USAA

Coverage through USAA is only available to USAA members, including active-duty military members and retired and separated veterans with an honorable discharge from the U.S. military.

Membership is also available to eligible family members — including children, spouses, widows, widowers and un-remarried former spouses of USAA members.

6. Liberty Mutual

Boston-based Liberty Mutual offers customers a few unique optional coverage and savings opportunities. For example, its Better Car Replacement program reimburses drivers for a car that’s one model year newer and has 15,000 fewer miles on it than their previous car if it’s totaled in an accident.

With the Liberty Mutual Deductible Fund, drivers in certain states may be able to lower their deductible by $100 every year.

7. Farmers

Farmers works with more than 48,000 independent agents and offers a range of insurance coverage options in most states. In addition to collision, liability and comprehensive insurance, Farmers offers less common coverages, including loss of use, guaranteed value, customized equipment coverage, spare parts coverage, original equipment manufacturer coverage, a glass deductible buyback and new car replacement.

8. Travelers

Travelers has been selling insurance for more than 165 years. It even claims that it issued the first accident and auto insurance policies. Today, Travelers sells insurance through a network of about 13,500 independent agents and brokers in the U.S., Canada and the United Kingdom.

Some drivers may be able to take advantage of Travelers’ generous decreasing deductible program, which gives drivers a credit toward their deductible for keeping a clean driving record. The deductible credit is applied every six months, which is more frequent than many similar programs.

9. American Family

American Family, sometimes called AmFam, is only available in some states. This insurance company offers a wide range of mostly standard coverage and discount options for drivers. AmFam ranked higher than the industry average for customer claims satisfaction according to J.D. Power’s 2023 Auto Claims Satisfaction Study.

10. Nationwide

Rounding out the list of the largest auto insurers is Nationwide. Nationwide insurance is available in most U.S. states and Washington, D.C.

Nationwide offers a range of vehicle coverage options, including auto, classic car, boat, snowmobile, ATV, motorcycle, RV, personal watercraft, scooter and golf cart. Plus, it offers additional coverages like business, farm, life, pet, motorcycle, boat and homeowners insurance.

What’s next?

Before buying car insurance, be sure to shop around and compare quotes from several different insurance companies. You should also check on any discounts you may be eligible for and determine whether you have any specific coverage needs that may be better met by one company over another.

The largest car insurance companies are a great place to start for standard options and wide availability. But depending on your unique coverage and budget needs, a bigger insurance company may not always be the best fit for you.