5 Best Known Car Insurance Companies Heading into 2024

4. State Farm Insurance

Annual Revenue (2022): $89.3 Billion

State Farm Insurance is one of the best known car insurance companies heading into 2024. The company is based in Illinois, United States, and reported annual revenue worth $89.3 billion in 2022. State Farm Insurance provides collision insurance, comprehensive insurance, rental insurance, rideshare insurance, and emergency roadside service insurance. Prominent features include coverage for medical payments, vehicles, stolen items, or damage caused by fire, wind, hail, flood, and theft.