What's the most reliable car insurance? This question is about Car Insurance

What's the most reliable car insurance?

This question is about Car Insurance

Catherine C Ford, Writer

@catherine_ford_1 • 02/21/23 This answer was first published on 02/21/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The most reliable car insurance company is State Farm because it offers affordable premiums and has an A++ rating from AM Best as well as an A+ rating from the Better Business Bureau. These ratings suggest that State Farm is financially stable enough to reliably settle their claims. State Farm is also one of the top 10 auto insurance companies for customer satisfaction according to J.D. Power.

The average annual premium with State Farm is around $1,032 per year for minimum coverage, which is cheaper than the national average for minimum coverage ($1,407 per year). In addition, the company has fewer customer complaints than the average insurer similar in size, along with a high rating from WalletHub editors.

Most Reliable Car Insurance Companies

State Farm – 4.1/5 WalletHub editor rating
Geico – 4.4/5 WalletHub editor rating
Travelers – 4.2/5 WalletHub editor rating
The Hartford – 3.0/5 WalletHub editor rating
Nationwide – 2.9/5 WalletHub editor rating

Like State Farm, other reliable car insurance companies have budget-friendly premiums and good ratings from the Better Business Bureau, AM Best, and J.D. Power. Keep in mind, even the most reliable companies have their share of customer complaints, which can bring down average user ratings a bit.

Ratings for the Most Reliable Car Insurance Companies

Insurance Company	WalletHub User Rating	J.D. Power Rating	NAIC Rating	AM Best Rating
State Farm	3.3	4.2	0.67	A++
Geico	2.4	4.2	1.07	A++
Travelers	2.1	4.1	4.35	A++
The Hartford	2.4	4.2	2.09	A+
Nationwide	3.3	4.1	0.48	A+

We identified the most reliable car insurance companies based on ratings from J.D. Power, the NAIC, AM Best, the Better Business Bureau, and WalletHub. We also considered each insurance company’s average annual premium.

Most Reliable Type of Car Insurance Coverage

The best type of car insurance to purchase is full coverage. Having full coverage helps ensure that you won’t have to pay out of pocket for damage to your vehicle, your medical expenses, or another person’s property damage or injuries.

For more information, check out WalletHub’s complete list of the best car insurance companies and our guide on how car insurance works.

Which type of car insurance is best?

The best type of car insurance is a full coverage insurance policy from one of the top auto insurers, like Geico, Progressive, or USAA. With full coverage, any damage to your vehicle will be covered, along with your liability for other people’s property damage or medical bills if you cause an accident. Medical expenses for you and your passengers may also be covered if personal injury protection or medical payments coverage is required in your state.

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What is the #1 car insurance company?

The #1 car insurance company is State Farm because it is the largest auto insurer in the U.S., with a market share of 16%. State Farm insures over 80 million people and offers coverage in all 50 states.

Largest Auto Insurance Companies in America

Auto Insurance Company	Market Share	Wallethub Editor's Rating
1. State Farm	16.0%	...

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Who is the top five insurance company?

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