In this article, we will take a look at the 5 best known car insurance companies heading into 2024. If you want to read our detailed analysis, you can go directly to 15 Best Known Car Insurance Companies Heading into 2024.
5. Zurich Insurance Group AG (OTC:ZURVY)
Market Capitalization as of December 10, 2023: $75.32 Billion
Zurich Insurance Group AG (OTC:ZURVY) ranks among the best known car insurance companies heading into 2024. The Swiss company covers life insurance, critical illness, liability coverage, income protection, and mortgage protection. Under the company’s car insurance policy, the company provides insurance for individual vehicles and motor fleets. Prominent features include coverage for vehicle damage, own damage, windscreen cover, and damages caused by fire or theft. Zurich Insurance Group AG (OTC:ZURVY) has a market cap of $75.32 billion as of December 10.
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.
3. Ping An Insurance (Group) Company of China, Ltd. (OTC:PIAIF)
Market Capitalization as of December 10, 2023: $91.16 Billion
Ping An Insurance (Group) Company of China, Ltd. (OTC:PIAIF) is a leading insurance company based in China, and ranks among the best known car insurance companies heading into 2024. The company provides a range of services including insurance, banking, asset management, financial, and health services. Under its car insurance policy, the company provides coverage for third party liabilities, damages to insured vehicles, repair costs, medical expenses, and windscreen protection. Ping An Insurance (Group) Company of China, Ltd. (OTC:PIAIF) has a market cap of $91.16 billion as of December 10.
2. The Progressive Corporation (NYSE:PGR)
Market Capitalization as of December 10, 2023: $94.28 Billion
The Progressive Corporation (NYSE:PGR) ranks among the best known car insurance companies heading into 2024. The company is one of the largest insurers in the United States and offers over 1.3 million policies. The Progressive Corporation (NYSE:PGR) provides a full coverage insurance policy which includes liability coverage, comprehensive and collision coverage, roadside assistance, and uninsured or underinsured motorist coverage. It has a market cap of $94.28 billion as of December 10.
Follow Progressive Corp (NYSE:PGR)
Follow Progressive Corp (NYSE:PGR)
1. Allianz SE (OTC:ALIZY)
Market Capitalization as of December 10, 2023: $102.59 Billion
Allianz SE (OTC:ALIZY) is a leading insurance company in Munich, Germany. The company offers coverage across commercial insurance, home insurance, and auto insurance, among other insurance lines. For its car insurance policy, the company covers the car, with up to $20 million for damage you cause to someone else’s vehicle. Additionally, the company also provides a rental car in case of a collision that wasn’t the driver’s fault. However, if the company is unable to provide a rental car, a $50 travel allowance is provided every day. Allianz SE (OTC:ALIZY) has a market cap of $102.59 billion as of December 10.
Follow Allianz Ag Holding (OTCMKTS:AZSEY)
Follow Allianz Ag Holding (OTCMKTS:AZSEY)
You can also check out 15 Best Undervalued Stocks To Buy Now According To The Media and 16 Best Penny Stocks To Buy For 2024.
