5 Largest Auto Insurance Companies In The US

In this article, we will be taking a look at the 5 largest auto insurance companies in the US. To see more of them, you can go directly to read about the 15 Largest Auto Insurance Companies In The US.

5. USAA

Market Share: 6.31%

USAA is a financial services company based in San Antonio, Texas.

The company offers insurance and banking products. However, it only serves military members, veterans, and their families. It provides auto insurance as well.

4. The Allstate Corporation (NYSE:ALL)

Market Share: 10.35%

The Allstate Corporation (NYSE:ALL), based in Glenview, Illinois, is a large American insurance company.

The company was founded in 1931, and it has over 45,000 employees. The Allstate Corporation (NYSE:ALL) provides supplemental insurance coverage to more than 50,000 groups and insures over four million people in the US. It provides auto insurance coverage as well.

3. The Progressive Corporation (NYSE:PGR)

Market Share: 13.26%

The Progressive Corporation (NYSE:PGR) has over 55,000 employees and was founded in 1937 as an American insurance company.

The company claims to be one of the largest commercial auto insurers in the US. The Progressive Corporation (NYSE:PGR) insures cars, motorcycles, boats, and commercial vehicles, among more.

2. GEICO

Market Share: 13.56%

The Government Employees Insurance Company (GEICO) operates as a private American auto insurer. It is based in Chevy Chase, Maryland.

GEICO has about 40,000 employees, and it was founded in 1936. By this May, it had written direct premiums worth $46.4 million.

1. State Farm Insurance

Market Share: 16.15%

State Farm Insurance was founded in 1922 as a group of mutual insurance companies.

The company is based in Bloomington, Illinois. It is considered to be the largest property, casualty, and auto insurance provider in the US, considering its significant market share.

See also 20 Biggest Reinsurance Companies in the World and 12 Best Insurance Dividend Stocks To Buy Now.