Having a car insurance company list is necessary to compare rates and determine which company will best suit your needs. When choosing the right insurance company to handle your policies, you should consider many things besides price. Look at:
- How well they handle claims
- What discounts they offer
- What type of reputation they have
- The policy types they offer
Take a look at some of the most popular insurance carriers across the country.
State Farm
Known as one of the top insurance companies for cars and one of the largest insurers in the entire nation, State Farm has an A+ rating from the Better Business Bureau. As gathered from customer reviews, State Farm is popular with its customer base because they have local agents you can contact directly or meet with if needed. State Farm has over 19,000 independent contracts, which makes them easy to find in any region.
GEICO
Another large and popular company for auto insurance in the United States is GEICO. According to Bankrate, they provide coverage for more than 28 million cars and are known to have some of the most competitive rates. Their motto that “15 minutes could save you 15 percent or more” is well-known and a popular draw for customers looking to save money on their premiums. They have received impressive reviews from J.D. Power and an A+ rating from the BBB.
Progressive
Known for its television presence and iconic spokesperson, Flo, Progressive has received an A+ rating from the BBB and average customer reviews from J.D. Power. As mentioned on Finder.com, they offer many other policy types besides car insurance and are noted by their customers for having a fast claims process and low rates. The company stands out among its competitors for the number of discounts it offers to its customers, which can help to significantly reduce annual premiums. They also offer a Snapshot program that will significantly lower rates if you have a good driving record.
Allstate
ValuePenguin notes that bundling different types of an insurance policies is one of the main draws of Allstate. They offer several policy types, including:
They have an A+ BBB rating, but their popularity among customers varies by region. In Florida, they rank number one. They are also ranked high in the southwest and north-central regions of the U.S. In the rest of the country, their reviews have been just below average. Customers like Allstate’s vast network, including thousands of insurance agents and auto repair shops.
They also offer their own Drivewise program, which monitors your driving habits. You can receive 10% cashback on your premium just for signing up for the program and an additional 25 percent cashback on your premium if you maintain good driving habits. The Drivewise program also offers rewards such as:
- Magazine subscriptions
- Gift cards
- Car Rentals
- Merchandise
USAA
USAA is known for its low rates, but it’s only available to active or retired service members and their families. On average most members will save over $700 a year when compared with other like policies. As stated in U.S. News, they are the cheapest insurer in the U.S.
J.D. Power ranks them as the second-best car insurance provider in the U.S., with most customers giving high reviews and almost perfect scores regarding the claims process. The company is also known to provide special services for those who are deployed, such as vehicle storage options and convenient payment schedules while you’re deployed.
Liberty Mutual
Liberty Mutual is another carrier that offers a wide range of policy options. The number of policies available makes bundling a popular option for most customers, but it is not the only way to save when you are a customer at Liberty Mutual. They actually offer 17 different types of discounts that you can use to reduce your car insurance premiums.
Though they have an A+ rating from the BBB, they had slightly below-average reviews from a J.D. Power study. One option that customers could agree on was that they liked the Better Car Replacement program, which would replace a totaled vehicle with a model one year newer if it had less than 15,000 miles on it.
Farmers Insurance Group
While they only rank as seventh in the U.S., Farmers offers many unique features that are not available from other providers. They offer special coverage for ridesharing activities and custom car features, such as rims. In fact, if you have custom parts that are damaged, Farmers will source a replacement from the original factory.
Farmers has received a four-star ranking from J.D. Power and an A+ rating from the BBB. One of the features customers talked about was their New Car Replacement Coverage, which is an optional coverage that will provide you with a brand new car to replace a totaled car that’s less than two years old with 24,000 miles or fewer.
Nationwide
Nationwide is known for both its personal and business car policies. While they are only the 10th largest insurer in the state, they are widely available across most regions and offer a number of different types of policies. Their policies cover all the essentials such as:
- Rental reimbursement
- Towing
- Gap coverage
Nationwide is unique among many insurers for its inclusion of gap insurance, which protects you when you buy a new vehicle with little money down. If the car is totaled and you owe more on the loan then the car is worth, then the gap insurance will kick in to pay the difference so you won’t have to pay out of pocket to cover the loan.
Another unique feature of their policy coverage is that you can earn $100 off of your annual deductible for each year that you are accident-free up to $500. Nationwide tends to have low customer satisfaction reviews from J.D. Power but received an A+ rating from the BBB.
Finding the right car insurance company to fit your needs is critical. Otherwise, you may end up overpaying in premiums or lack the coverage that you need if you have to file a claim.
Check this out if you need additional information, resources, or guidance on car insurance.
Sources:
List of car insurance companies
10 Largest Auto Insurance Companies (May 2021)
Compare car insurance companies
Cheapest Car Insurance Companies for May 2021
What You Need to Know About Liberty Mutual Car Insurance
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