What is the #1 auto insurance in the US?
State Farm is the most popular insurance company nationwide, and it also is the most popular company in 19 states. Progressive is the largest insurance company in 21 states, including many New England states, some states in the Midwest, Florida and Texas.
State Farm is the most popular insurance company nationwide, and it also is the most popular company in 19 states. Progressive is the largest insurance company in 21 states, including many New England states, some states in the Midwest, Florida and Texas.
| Company | Forbes Advisor Rating | Our expert take |
|---|---|---|
| Nationwide | 5.0 | Best overall |
| USAA | 4.8 | Best for military members and veterans |
| Travelers | 4.7 | Great for drivers with speeding tickets |
| Erie | 4.6 | Best for drivers who caused an accident |
- Best for affordability: Geico.
- Best for customer satisfaction: State Farm.
- Best for wide coverage: Nationwide.
- Best for minimum coverage: Auto-Owners.
- Best for discounts: Amica.
- Best for high-risk drivers: Progressive.
- Best for military members and veterans: USAA.
The auto insurance company with the most complaints is United Automobile Insurance, which receives roughly 40 times more complaints than the average insurer its size, according to the latest NAIC complaint index.
- #1: USAA »
- #2: Auto-Owners »
- #3: Nationwide »
- #4: State Farm »
- #5: Geico »
For auto policies, State Farm is the largest insurance company in the U.S., with the biggest market share (16.9 percent) and over $46.6 million in direct premiums written in 2022.
Geico Auto Insurance. State Farm is currently the largest auto insurer in the U.S. according to the National Association of Insurance Commissioners (NAIC), closely followed by Geico. Both companies hold strong financial reputations and customer service ratings.
Who is known for cheapest car insurance?
Cheap car insurance. State Farm is the cheapest large auto insurance company in the nation for good drivers, according to NerdWallet's 2024 analysis of minimum coverage rates. State Farm's average annual rate was $471 or about $39 per month.
The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.
On average, the Hanover Insurance Group offers the most expensive car insurance and Michigan is the country's most expensive state for auto insurance. Discover if you are overpaying for car insurance below.
The average cost of full-coverage insurance is $2,008 per year or $167 per month, while minimum-liability coverage averages $627 per year or $52 per month. However, what you pay for auto insurance coverage varies based on your personal rating factors.
Full coverage car insurance costs an average of $2,314 per year, while minimum coverage is $644 per year. On a monthly basis, full coverage averages $193, with minimum coverage averaging $54 per month.
The average cost of full coverage car insurance is $1,982 per year, or about $165 per month, while minimum coverage costs an average of $549 per year, or around $46 per month, according to NerdWallet's 2024 rate analysis.
- Lowest premiums: Geico.
- Fewest consumer complaints: Progressive.
- Highest customer satisfaction ratings: State Farm.
- Most coverage options: Allstate.
- Most tech-friendly: Geico.
Between their various companies, State Farm and Allstate occupied five of the top 10 spots on the most-sued list. Also on the list are Safeco, a defendant in 880 cases; Scottsdale Insurance Company, 855; Liberty Mutual, 831; GeoVera Speciaty Insurance Company, 687; and Lexington Insurance Company, 585.
Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.
Who owns Geico and Progressive?
Geico is not owned by Progressive. Berkshire Hathaway owns Geico, while the Progressive Corporation is an independent company. Progressive is the second-largest auto insurance company in the U.S., according to the NAIC.
- #1: United Health Group (UNH)
- #2: Berkshire Hathaway Inc. ( BRK.B)
- #3: CVS Health Corp Group (CVS)
- #4: The Cigna Group (CI)
- #5: Elevance Health Inc. ( ELV)
- #6: Centene (CNC)
- #7: Ping An Insurance (PNGAY)
- #8: Allianz (ALIZY)
- 1 AAA68%
- 2 BlueCross BlueShield59%
- 3 State Farm56%
- 4 USAA52%
- 5 Progressive52%
- 6 GEICO49%
- 7 UnitedHealthcare49%
- 8 Aflac47%
Comcast, the television provdider, was voted as the worst rated company for customer service in the United States in 2020, receiving the largest share of negative responses (44 percent). Second in the list came Well Fargo and DIRECTV, with 41 percent of respondents to the survey complaining about poor customer service.
For drivers interested in multi-car insurance discounts, we recommend Country Financial, USAA, Erie Insurance, Geico and Nationwide. These providers offer some of the lowest average policy rates for minimum- and full-coverage car insurance as well as numerous discounts, including savings for insuring multiple vehicles.
