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Most Popular Car Insurance Companies

To help you find the best car insurance companies, we researched some of the most popular and highest-rated auto insurance providers. You can start your car insurance shopping journey by evaluating these providers, which offer nationwide coverage and have good ratings in most categories. You should also get several car insurance quotes to see which carrier is the most affordable option for you.  

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Most Popular car insurance companies

Top 10 most popular car insurance companies in the US

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Why you can trust Rate Retriever

Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy. 

Written by Elizabeth Rivelli

Reviewed by Alyssa DiCrasto

Last updated: November 28, 2022

Edited by Alyssa DiCrasto

If you’re in the market for car insurance, choosing the best company can be difficult. There are hundreds of auto insurance companies, but they’re not all the same. Some companies have better prices, more coverage options, or better customer service than others. When shopping for car insurance, it’s important to compare multiple providers to find the best option for you.    

What are the top five insurance companies?

The top five car insurance companies by market share are State Farm, Geico, Progressive, Allstate, and USAA. These companies underwrite the largest number of car insurance policies on an annual basis, according to data from the National Association of Insurance Commissioners (NAIC). But while these are some of the most popular car insurance companies, it does not mean they are the best providers for everyone.  

1. State Farm

State Farm Insurance

State Farm is the largest car insurance company in the U.S., with almost 16% of the total market share. State Farm has an A++ rating for financial strength from AM Best and is rated above average for overall customer satisfaction by J.D. Power in multiple regions.  

State Farm is well known for its generous car insurance discounts, with savings for bundling your home and auto insurance, taking a defensive driving course, being a smart student, being a safe driver, and several others.  

However, State Farm doesn’t offer as many add-on coverages as other companies, which is something to consider if you want to customize your policy.  

2. Geico

GEICO insurance

Geico, which is owned by Berkshire Hathaway, is the second-largest car insurance company in the country, with just over 14% of the total market share. Data shows that Geico has one of the biggest advertising budgets of all insurers, which is why you’re probably familiar with its famous TV commercials that claim, “15 minutes could save you 15% or more on car insurance.”  

Geico has impressive third-party ratings from AM Best and J.D. Power, and it offers lots of car insurance discounts. There are savings for federal employees, military personnel, safe drivers, smart students, wearing your seat belt, and many others. But like State Farm, Geico offers very few add-on coverages. 

3. Progressive

progressive insurance

Progressive is another car insurance company that spends big dollars on advertising. The company’s mascot, Flo, can be seen in TV ads explaining to drivers how Progressive can help them save money on car insurance.  

Compared to other insurance companies, Progressive has some of the best online tools, like the Name Your Price tool and AutoQuote Explorer℠ tool. 

Progressive’s overall customer satisfaction ratings from J.D. Power are mixed, ranking above average and below average depending on the region. However, Progressive does have excellent discounts and several endorsements for added coverage, including gap insurance, custom parts coverage, roadside assistance, and a few others. 

4. Allstate

As of 2021, Allstate has roughly 10.4% of the total car insurance market share. The company also has one of the biggest advertising budgets (behind Geico and Progressive) and is known for its signature TV commercial tagline, “You’re in good hands®.” 

In terms of third-party ratings, Allstate falls short compared to some of the other biggest car insurance companies. Allstate is rated below average for customer satisfaction by J.D. Power in several regions.  

The company does offer a good selection of discounts, as well as a handful of endorsements available if you want to customize your policy.  

5. USAA

USAA is widely considered to be one of the best car insurance companies. It has the highest rating for customer satisfaction by J.D. Power in every region and it has an A++ financial stability score from AM Best 

The catch with USAA is that you can only purchase insurance if you’re an enlisted military member, a veteran, or the immediate family member of an active duty or retired servicemember. 

Out of the most popular car insurance providers, USAA offers some of the best discounts. There are savings for good students, safe drivers, garaging your vehicle on a military base, driving under a certain annual mileage, having a clean driving record, and others. In addition, USAA members can access exclusive travel, home, and shopping discounts through the USAA Perks™ program. 

Other popular car insurance companies

There are plenty of other popular car insurance companies you can add to your search. Here are some of the other top companies by market share: 

1 Liberty Mutual 8 Erie
2 Farmers 9 Auto-Owners
3 Nationwide 10 CSAA
4 American Family 11 Mercury
5 Travelers 12 Hartford
6 Kemper 13 Mapfire
7 AAA 14 Hanover

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Other popular companies to watch

Aided by the increase in popularity of telematics, insuretechs are gaining traction in the US and are stealing some of the spotlight away from the most well-known car insurance companies. These companies calculate their rates differently than the traditional companies and are becoming more and more popular among nonstandard drivers. 

Some popular insuretechs include Mile Auto and Metromile, which both offer a pay-per-mile car insurance model, and Root Insurance, which uses telematics to generate quotes based on driving habits. 

Explore non-traditional car insurance companies >

What are the three major types of car insurance?

There are many different types of car insurance. Some are required, while others are optional. The five largest car insurance companies we reviewed offer minimum coverage and full coverage policies, depending on your coverage needs. Here are the three main types of car insurance you can get from these carriers:

  1. Liability insurance: Liability insurance is legally required for most drivers. It includes two parts: bodily injury liability and property damage liability coverage. When you cause an accident, bodily injury liability insurance compensates the other driver for their medical expenses if they get hurt. Your property damage liability insurance covers their vehicle repairs.

  2. Collision insurance: Collision insurance pays for your vehicle’s repairs after an accident you cause. Most collision insurance policies reimburse you based on the actual cash value (ACV) of your vehicle, minus a deductible. Collision insurance is not legally required, but it can be valuable. Most drivers get collision insurance as part of a full coverage policy.

  3. Comprehensive insurance: Comprehensive insurance is another optional policy that’s included with full coverage car insurance. It pays for your vehicle’s repairs caused by non-collision damage, such as theft, vandalism, fires, flooding, falling objects, and weather-related damage. It also reimburses you based on your car’s ACV, less a deductible.

In addition to these policies, there are lots of other optional coverages that can provide more protection. For example, many insurance companies sell accident forgiveness, roadside assistance, gap insurance, new car replacement coverage, rental car coverage, and others. 

Which car insurance company is most popular?

Looking at the data, State Farm is the most popular car insurance company nationwide, because it has the biggest portion of the market share. However, that does not mean that State Farm is the best car insurance company for every driver. 

Before purchasing a car insurance policy, it’s important to compare a few different companies and get quotes to see which one can give you the lowest rate for the type and amount of coverage you need. To get started, you can take our 30-second quiz to compare your best matches.  

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