WalletHub, Financial Company
@WalletHub
The most popular car insurance companies are State Farm, Geico and Progressive, which service more than 120 million policies and have a combined market share of 43.1%. These companies are available in all 50 states and the District of Columbia.
Most Popular Car Insurance Companies
- State Farm
- Geico
- Progressive
- Allstate
- USAA
- Liberty Mutual
- Farmers
- Nationwide
- American Family
- Travelers
Together, these insurance providers were responsible for auto policies totaling nearly $185 billion in premiums during 2019, according to the Insurance Information Institute. They have been among the most used car insurance companies for at least the past five years.
| Rank | Company | Premiums Written (in billions) | Market Share |
|---|---|---|---|
| 1 | State Farm | $41.7 | 16.0% |
| 2 | Geico | $37.4 | 14.4% |
| 3 | Progressive | $35.9 | 13.8% |
| 4 | Allstate | $27.2 | 10.4% |
| 5 | USAA | $15.7 | 6.0% |
| 6 | Liberty Mutual | $13.3 | 5.1% |
| 7 | Farmers | $12.4 | 4.8% |
| 8 | Nationwide | $5.6 | 2.1% |
| 9 | American Family | $5.5 | 2.1% |
| 10 | Travelers | $5.3 | 2.0% |
People also ask
Why is Progressive so cheap?
Progressive is so cheap because it offers a wide variety of discounts and gives consumers tools to acheive the best rates possible, such as Progressive's price comparison tool and their Name Your Price® program. A minimum coverage policy from Progressive costs an average of $54 per month, and Progressive premiums can be made even cheaper by taking advantage of discounts such as continuous insurance discount and paperless discount. Plus, Progressive rewards customer loyalty with discounts...
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