You’re probably familiar with some of the biggest and most well-known insurance companies in the United States—American Family, State Farm, Allstate, and Farmers are just a few examples. But what about smaller or lesser-known companies? To help you find the best insurance company for your needs, we’ve compiled this list of the top 10 insurance companies in the US.
1) MetLife
MetLife is an insurance giant that, unsurprisingly, offers a plethora of different types of insurance. Whether you’re searching for car insurance, life insurance or property/casualty insurance—MetLife is most likely to have a plan that works for you. Plus, with MetLife your premium dollars go toward reducing your carbon footprint, as well as boosting various education initiatives across all 50 states. It’s not every day that you can get great benefits AND do some good for society! Check out their website and see if they might be right for you.
1-800-Car-Insurance: With more than 15 years of experience helping people find cheap auto insurance quotes online, 1-800-Car-Insurance knows what it takes to get you and your family covered without breaking your budget. They are dedicated to offering competitive rates on auto, home and life insurance coverage so customers can drive safely knowing they’re protected financially by top companies like Liberty Mutual and Nationwide.
2) State Farm
State Farm is undoubtedly one of America’s best insurance companies. This company, which has been providing personal and commercial insurance services since 1922, serves over 20 million customers across 16 states in America. Customers who want to find cheap car insurance policies can also sign up for State Farm’s low-cost car insurance program. A few of its other offerings include mortgage, home & auto, travel and life insurance as well as banking services (which were discontinued). No matter which service you choose to avail from State Farm, rest assured that you will get top-notch customer service that meets all your requirements and ensures that you never have to worry about your finances or health again. The claims process is quick and efficient, with maximum assistance being provided by qualified experts at every step. With such comprehensive coverage on offer, it’s no wonder why millions of Americans trust State Farm for their life insurance needs.
3) Allstate
Allstate provides life insurance and renters insurance, as well as car insurance for both traditional vehicles and recreational ones like motorcycles. The company also offers an umbrella policy, which is a great way to protect yourself from lawsuits that arise from your work. If you live near bodies of water—all of Allstate’s policies are marine-insurance only, except in Alaska and Hawaii—the company can offer you coverage against tidal waves. In 2012, Allstate reported almost $12 billion in total revenue, so they’re doing something right! To learn more about how Allstate helps their customers get started with car insurance, visit their website or call 1-800-ALLSTATE.
Although best known for car insurance, it also offers home/renters policies, health plans, liability protection and investment services.
4) Progressive
Progressive provides insurance for private passenger vehicles and commercial vehicles, as well as homeowners insurance, renters insurance, life insurance, boat owners insurance and motorcycle owners insurance. Progressive also offers pet insurance underwritten by its wholly owned subsidiary Pet Underwriters. The company also insures military members through a partnership with USAA (United Services Automobile Association). Progressive was founded by Peter B. Lewis who served as CEO until his death on November 23, 2013. (From Google Finance)
Its home services division serves customers with residential coverage for properties such as homes, condos, mobile homes and hometown. For these policies it offers property insurance—covering any damage to or loss of personal belongings in your home due to fire or theft—as well as flood insurance when it’s available from approved providers. It can also provide other policies that help protect against expenses related to water damage resulting from burst pipes or sewer back-ups; smoke damage caused by issues such as faulty wiring; and replacement costs if you have to move out while damage is being repaired. Allstate: Allstate Corporation is an American diversified financial services company best known for its auto, home, life and business insurance offerings.
5) Nationwide
With nearly 15 million customers, Nationwide is one of America’s biggest and most established insurance providers. Their parent company has been around since 1929 and boasts a A+ ranking with A.M. Best Company for financial strength. On top of having a strong history and large number of customers, Nationwide offers quality services to all kinds of people, including those that live in high-risk areas or need specialized insurance. They also offer some of America’s best auto coverage plans to help ensure your investment is well protected if anything should happen to it. While they do have several good options for consumers, their prices can be on the higher end of average when compared to other companies on our list. The premium you pay might be worth it depending on what kind of coverage you are looking for. For example, if you have an older car that needs extensive repairs and want extra protection from theft or fire damage, then their price might be worth paying up front. However, if you just want something simple like collision insurance without a lot of extras (like personal injury), then another provider might be better suited to your needs at a lower cost than Nationwide.
6) American Family Insurance Group
American Family Insurance Group’s home-based agent system was ranked number one in 2013 by Business Consumer Alliance, and had over $10 billion in revenue last year. The group uses multiple agents to generate leads for their company; agents are paid $60 for each new policy sold. American Family’s goal is to focus on delivering service, at a low cost, to keep consumers coming back for their insurance needs. They offer auto, life, homeowners, commercial property/casualty and retirement products. With over 4 million customers across 15 states (and growing), American Family continues to be a leader in providing quality coverage at an affordable price. As of 2014, they were ranked among Fortune magazine’s 100 Best Companies to Work For for 14 years running.
7) Farmers Insurance Group
Farmers is an American insurance company, subsidiary of Zurich Financial Services. It has more than 7,500 independent agents and 5,400 employees serving 12 million policies and accounts – most of which are in California and Florida. The headquarters are located in Los Angeles, California. The company markets its products and services through a network of independent agents. Farmers’ efforts to aid consumers were recognized by two top awards given by J.D. Power & Associates: Top Residential Property/Casualty Insurer in 2005 and Top Overall Consumer Provider for Homeowners’ Coverage from 2004-2006. In 2008, it was ranked #7 on Forbes magazine’s list of America’s Largest Private Companies. In 2009, Farmers was named one of America’s Most Admired Companies by Fortune magazine and one of The 100 Best Corporate Citizens by Corporate Responsibility Magazine. In 2010, Farmers was again named one of America’s Most Admired Companies by Fortune magazine; additionally, Farmers ranked #1 in customer satisfaction among all major property and casualty insurers in 2011 according to J.D. Power and Associates’ 2011 U.S.
8) Liberty Mutual Group
Liberty Mutual is one of the largest property and casualty insurance companies in America. Headquartered in Boston, MA, Liberty Mutual insures almost 35 million vehicles. The company employs over 50,000 people worldwide and had total assets exceeding $102 billion as of March 31, 2012. It offers many products including home insurance, renters insurance, business insurance and auto insurance through its extensive network of independent agents. Customers can file claims online 24/7 or through a live agent during regular business hours. In 2011, Liberty Mutual was ranked #18 on Fortune’s list of 100 Best Companies to Work For. The company also sponsors NASCAR’s Sprint Cup Series. A spokesperson for AutoMD states that while they have not had any customer reviews submitted yet, they have heard from several customers who are very satisfied with their service. One customer told them that he has been using their services for over ten years and has never been disappointed. They also report that he received good value for his money by purchasing an affordable plan with more coverage than he would have gotten elsewhere at a higher price point. In addition to being satisfied with their rates and policies, he has said that all of his claims were paid quickly without hassle or red tape.
9) Erie Insurance Group
Founded in 1938, Erie is a top insurance provider that specializes in automobiles and commercial property. They are headquartered in Erie, Pennsylvania, with additional locations across more than 25 states. The company’s offerings include homeowners insurance, renters insurance, personal umbrella liability coverage, flood insurance and auto repair. In addition to auto coverage, they also offer small business policies like commercial property and workers compensation. With these services provided by a single insurer, you can ensure your car or small business is fully protected from loss at an affordable price. For more information about their offerings or other topics you need help with regarding insurance policies for your home or business/automobile needs visit their website today!
Though created in 1938, Erie’s history goes back much further. It was originally founded as The Bennington Fire and Marine Insurance Company of Vermont over 160 years ago on September 1st 1841; it took only two months before it received its first contract.
10) GEICO
Headquartered in Chevy Chase, Maryland, GEICO has been providing low-cost auto insurance to policyholders since 1936. Now a subsidiary of Berkshire Hathaway, GEICO insures more than 11 million cars, trucks and motorcycles. The company is well known for its funny commercials starring gecko mascot Geico Gecko and offering rock-bottom rates on auto insurance coverage—as well as how easy it is to contact them online or over the phone. In 2016, customers who shopped around for auto insurance reported saving an average of $475 by switching from their previous provider to GEICO. That’s not bad for a company that boasts 15 minutes could save you 15% or more on car insurance.
