What are the top 3 insurance companies in the US?
Asked by: Asa Grimes | Last update: November 16, 2025Score: 4.5/5 (68 votes)
Who is the #1 insurance company in the USA?
State Farm is the biggest auto insurance company in the country by market share. Progressive, Geico and Allstate are the next three largest. Most of the largest companies in the country are familiar because of national advertising campaigns. Currently insured?
What are the top 5 insurance rating agencies?
Five independent agencies—A.M. Best, Fitch, Kroll Bond Rating Agency (KBRA), Moody's and Standard & Poor's—rate the financial strength of insurance companies. Each has its own rating scale, its own rating standards, its own population of rated companies, and its own distribution of companies across its scale.
Who is the most trustworthy insurance company?
State Farm is a three-time Bankrate Award winner for Best Term Life Insurer in 2022, 2023 and 2024, thanks to its top-notch customer service and accessibility tools. As one of the top life insurance companies, State Farm also received the highest customer satisfaction score from J.D. Power.
What insurance company has the highest customer satisfaction?
Chubb ranked highest overall in customer satisfaction with a score of 688/1,000, followed by AIG with a score of 680 in the 2024 U.S. Home Insurance Study.
Top 3 Best Insurance companies in United States
Who is cheaper, Geico or Progressive?
GEICO is cheaper and has better ratings than Progressive. Your experience with GEICO and Progressive will vary based on individual rating factors.
Which insurance company has the most complaints?
The auto insurance company with the most complaints is United Automobile Insurance, which receives roughly 40 times more complaints than the average insurer its size, according to the latest NAIC complaint index.
What companies are AAA rated?
Standard & Poor's and Fitch assign bond credit ratings of AAA, AA, A, BBB, BB, B, CCC, CC, C, D. Currently there are only two companies in the United States with an AAA credit rating: Microsoft and Johnson & Johnson.
Who normally has the cheapest car insurance?
Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.
Which is better, Allstate or Liberty Mutual?
Compared to Liberty Mutual, Allstate provides cheaper average coverage for different driver profiles. Allstate earned an above-average score in the J.D. Power 2023 U.S. Auto Claims Satisfaction Study. It also earned higher average customer satisfaction scores than Liberty Mutual in the J.D. Power 2023 U.S.
Who is the #1 insurance company in the US?
1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market. The figure is equivalent to over $8 billion more in direct written premiums compared to the next-ranked insurer.
Who is State Farm's biggest competitor?
State Farm main competitors are USAA, MetLife, and American Family Insurance. Competitor Summary. See how State Farm compares to its main competitors: MetLife has the most employees (49,000).
Who owns Geico?
In 1996, GEICO became a wholly owned subsidiary of Berkshire Hathaway Inc., headed by Warren Buffett, one of the country's most successful investors. For the past several years, Fortune magazine has named Berkshire Hathaway as one of its the most admired companies.
What are the top 3 rating agencies?
The Big 3 Credit Rating Agencies
The top firms include Moody's Investor Services, Standard and Poor's (S&P), and Fitch Group. Moody's and S&P are located in the United States, and they dominate 80% of the international market.
What company is equivalent to AAA?
In terms of roadside assistance coverage, the two options are fairly similar. AAA and AARP each provides roadside assistance basics like towing, fuel delivery, and lock-out services, but differ in their minor coverage details, including the number of service calls covered and towing range.
Which rating is better AA or AAA?
AA+ and AAA are the two highest ratings issued by S&P and Fitch, two of "the big three" credit rating agencies. AAA is the highest score and AA+ comes right after it, with both signifying a very low risk of default.
What insurance company is most reliable?
Amica and USAA tied in Bankrate's analysis as the two best auto insurance companies overall. Geico ranks as the best car insurance company for high-risk drivers. Nationwide and Liberty Mutual are some of the best auto insurance companies for discounts and bundling.
What is the Allstate insurance scandal?
The lawsuit, which has been in proceedings since August 2015, alleged that Allstate violated multiple California laws, including the Unfair Competition Law, Business & Professions Code, False Advertising Law, and Insurance Code, by improperly using price optimization to inflate consumers' auto insurance premiums.
Who is cheaper than State Farm?
GEICO is cheaper and has better ratings than State Farm. Your experience with GEICO and State Farm will vary based on individual rating factors.
Who can beat GEICO insurance?
Typically, Esurance offers better prices than GEICO for drivers with credit scores of 579 or less. Those with outstanding credit — a score of 800 or better — should opt for Esurance as well, which typically beats GEICO by $295 per year. View average insurance rates by credit tier for GEICO and Esurance below.
Which insurance company has the fewest complaints?
Why it's the best: American Family received the lowest number of customer complaints to state regulators relative to a company of its size among the companies in this list. This insurer stands out thanks to its wide variety of coverage options and discounts, as well as its accident forgiveness offerings.