Choosing the right car insurance is crucial to getting adequate coverage at an affordable price. With hundreds of insurance providers in the market, selecting the best car insurance company can be an overwhelming task. This article discusses the top 10 car insurance companies in the US based on financial strength, customer satisfaction ratings, cost, coverage options and additional perks offered.
State Farm is the largest auto insurer in the US, underwriting over 14% of all policies. It has an A++ (Superior) financial strength rating from AM Best and consistently ranks high in JD Power customer satisfaction surveys. State Farm offers standard coverage options as well as usage-based plans, rideshare coverage and rental reimbursement. Policyholders can sign up for Drive Safe & SaveTM to get policy discounts based on safe driving habits. State Farm also has 18,000 agents nationwide to help customers choose the right coverage.
Government Employees Insurance Company, better known as GEICO, is the second largest insurance provider in the country. It has an A++ rating from AM Best and is known for low rates matched with excellent customer service. Geico offers standard insurance products as well as mechanical breakdown insurance, rideshare coverage and rental reimbursement. Policyholders can qualify for numerous discounts like multi-vehicle, good driver, defensive driver and anti-theft device discounts. Geico also has an easy-to-use mobile app to manage your account.
Allstate is the third largest auto insurer in the US. It has an A+ rating from AM Best and offers the choice of working with dedicated local agents or handling policies directly online. Allstate provides all standard auto insurance coverage and also offers accident forgiveness, new car replacement, rideshare insurance and roadside assistance plans. Policyholders can save through bundling policies, qualifying for the safe driving bonus CheckPoint program or using the Drivewise app to record driving data.
Progressive auto insurance gives customers plenty of choice when it comes to coverage. You can buy standard or gap policies, add-on roadside assistance, lease coverage and custom parts coverage. Progressive has an A+ rating from AM Best and allows you to compare policy rates on its website without sharing personal data. The Name Your Price tool lets you state what you want to pay and get quotes to fit that amount. Discounts are given for being a loyal customer, paying premiums on time and in full, going paperless and more.
USAA primarily serves military members and their families. It has an A++ rating from AM Best. USAA is consistently ranked highest by JD Power for customer satisfaction due to its excellent claims processes and high-quality service. The company offers typical coverage options as well as accident forgiveness, rideshare coverage, roadside assistance and diminished value. Members can also earn policy discounts by taking defensive driver courses, storing vehicles on military bases or paying premiums automatically. An easy-to-use mobile app allows customers to manage their policies.
Liberty Mutual is a popular choice for those looking to bundle home and auto insurance. It has an A rating from AM Best and offers standard insurance policies as well as accident forgiveness, new/replacement car coverage, ridesharing and roadside assistance. You can save by getting multi-policy or multi-car discounts, taking advantage of safe driver savings or using their RightTrack program based on driving habits monitored through an app or onboard device plugin. Liberty Mutual has helpful online resources like auto insurance rate comparisons by state and savings tips.
Travelers insurance has an A++ rating from AM Best and gets high marks in customer satisfaction for the auto claims process. Travelers offers typical kinds of coverage, accident forgiveness and a Prime program where responsible drivers can save more. You can get discounts by owning a new car, using Travelers IntelliDrive to track driving habits or bundling home and auto insurance. Travelers has a long list of auto discounts to help you save.
Nationwide is valued for its good student, defensive driving course and anti-theft discounts. Their SmartRide usage-based program helps responsible drivers save more. Accident forgiveness – both for your first at-fault accident and later down the road – is a popular add-on. Nationwide has an A+ rating from AM Best and gets high ratings for customer satisfaction. Policies can be handled directly online or working with an agent. You also get 24/7 roadside assistance and repairs for covered claims at certified Nationwide repair shops.
American Family Insurance
American Family specifically targets the insurance needs of those in rural Midwestern areas. Still, policies are available nationwide. It has an A rating from AM Best and offers standard coverage options plus extras like roadside assistance, rideshare coverage and travel expenses reimbursement for policyholders stranded away from home after an accident. American Family is known for bundling discounts – insuring your home, car and more can unlock extra savings. Other discounts are given to loyal customers, good students and safe drivers.
The Hartford rounds out the list with high marks for financial strength, customer satisfaction, usage-based insurance programs and helpful online resources. Its AARP membership program gives those over 50 specialized advice and savings. The Hartford has an A+ rating from AM Best and offers standard coverage options plus roadside assistance, accident forgiveness and ridesharing insurance. Policyholders can sign up for TrueLane policy discounts based on actual driving skills analyzed through a smartphone app. Additional savings come from bundling policies, being in an accredited car club or completing a defensive driver class.
Comparing car insurance quotes always helps find reasonable rates for your unique situation. Drivers that carefully evaluate coverage options against discounts like safe driving programs can maximize their savings. Consider checking rates from the top companies for your particular needs. While major national brands have plenty to offer, smaller regional names may also provide significant savings.