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State Farm, Progressive, Geico, Allstate, Liberty Mutual, Farmers Insurance, Nationwide, and Auto-Owners are among the top 10 largest auto insurance companies in the United States. While they all have their own pros and cons, there’s really no need to choose among them. Each of them is a solid company with great customer service. The bottom line: if you are looking for auto insurance, they should be on your list.
GEICO is a government-owned insurance company with a great reputation for providing affordable auto insurance policies. The company was founded during the Great Depression but only made its public advertising debut in 1999. Two decades later, the Gecko is still the company’s face. While car insurance is its primary product, Geico also offers various types of insurance, including liability, rental reimbursement, rideshare insurance, and medical payments insurance.
Although GEICO is one of the top ten auto insurance companies in the USA, it does not have the lowest rates. In fact, it beats out the national average by nearly $470. GEICO’s average rate is $1,148 per year, and it beats the national average by $391. However, individual rates may differ from those listed. For this reason, it is important to check the coverage details of each insurance company before choosing one.
One of the most recognizable aspects of Progressive’s website is the simple, straightforward interface. There are no annoying pop-ups or other distracting features on the website. In addition to the quoting tool, customers can also find answers to their questions by navigating a series of tabs across the top of the page. The search bar is a little harder to find, though.
A recent study by J.D. Power, an independent organization that collects information on car insurance companies, found that Progressive had a high level of customer satisfaction. Compared to the average U.S. insurance company, Progressive received two or three power circles across the U.S. regions. The higher scores are indicative of more positive customer experiences, but the overall ranking of Progressive is still low compared to other companies.
State Farm is the most frequently cited car insurance company in the United States. It consistently ranks in the top 5 or 10 of auto insurance lists, including J.D. Power’s, which ranks auto insurers based on their customer service and billing practices. As of 2010, State Farm had almost 20 percent of the total market share. Among the top 50 auto insurance companies, seven have more than $1 billion in written premiums.
As one of the biggest private-passenger auto insurance companies in the country, State Farm offers a variety of coverage options. In addition to auto insurance, the company also offers coverage for boats, motorcycles, and ATVs. Geico is another popular choice for insurance. It is owned by Berkshire Hathaway and offers private auto insurance across all 50 states. GEICO offers several marketing campaigns for its auto insurance products.
The 10 largest car insurance groups in the country write 75 percent of policies. If you have a clean driving record and don’t have any claims, GEICO, Progressive, and USAA are likely to be your best bets. But don’t be fooled by the company’s high advertising rates: they don’t reflect their customer satisfaction ratings. Here are some tips to find the best auto insurance company for you:
You may not know this, but your credit score does matter – and the higher your credit score, the higher your auto insurance rate. Most of the top insurance companies pay close attention to your credit score, since it can increase your premiums by two to three times. It’s important to check your score every few months to find out if your insurance company will change your rates. But if your credit score improves, don’t worry! Even if your current auto insurance rate remains the same, your premiums can still be a bit higher.
Although this company is not the top auto insurance provider in the USA, it is still among the top ten in the country. Its customer satisfaction score is high, and 84% of customers would recommend the company to a friend. Customers also appreciate the ease of filing a claim and the prompt response to complaints. Additionally, it has an A+ rating from the Better Business Bureau and has been accredited since 1955. Its financial strength rating is also excellent.
Another notable feature of Nationwide’s auto insurance is its driver-tracking program, SmartRide. This program uses a plug-in device and an app to track how many miles a driver logs on their car. If the driver logs fewer than 1,000 miles per year, their insurance premium is lower than those of drivers who drive more. In addition, the program offers a 10% discount for signing up, which can increase to 40 percent, depending on the driving history.