What is the largest insurance company in the US?
Asked by: Dr. Jana Considine | Last update: January 8, 2026Score: 4.5/5 (57 votes)
- #1: United Health Group (UNH)
- #2: Berkshire Hathaway Inc. ( BRK.B)
- #3: CVS Health Corp Group (CVS)
- #4: The Cigna Group (CI)
- #5: Elevance Health Inc. ( ELV)
- #6: Centene (CNC)
- #7: Ping An Insurance (PNGAY)
- #8: Allianz (ALIZY)
Who is the #1 insurance company in the USA?
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
Is State Farm bigger than Geico?
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.
Where does Geico rank in insurance?
No. 2-rated Auto-Owners may be the best choice for many drivers, but it only sells car insurance in 26 states. Nationwide, State Farm, and Geico round out the top 5 in our rating and sell policies in more states.
Is Geico owned by State Farm?
It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owned subsidiary of Berkshire Hathaway, which provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017.
$25,000 vs. $25,000,000
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.
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.
What is the most expensive insurance in the world?
We've set a new Guinness World Record for the most valuable life insurance policy ever sold, worth US$250 million. Issued and fully underwritten by HSBC Life, our insurance business in Hong Kong, it was taken out by an individual customer earlier this year.
Who owns State Farm?
State Farm is a mutual company, which means that it is owned by its policyholders. Unlike publicly traded companies, State Farm does not have shareholders to whom it needs to provide dividends.
What is the oldest insurance company in America?
1735 The Friendly Society, the first insurance company in the United States, was established in Charleston, South Carolina.
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 is the most trustworthy insurance company?
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.
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.
Is State Farm cheaper than Progressive?
State Farm has cheaper home and car insurance quotes than Progressive. It also has higher customer satisfaction ratings. However, Progressive offers more discounts and coverage options, including gap insurance. Progressive is better for specialized car insurance coverage.
Who is GEICO's biggest competitor?
GEICO main competitors are Esurance, The Travelers Companies, and USAA. Competitor Summary. See how GEICO compares to its main competitors: State Farm has the most employees (57,672).
Which insurance company has the fewest complaints?
The most trusted auto insurance company is American Family Insurance. American Family has a low volume of customer complaints compared to other insurance companies its size, good reviews from WalletHub users, and high ratings for customer satisfaction according to J.D. Power.
Who bought out GEICO?
GEICO is an indirect, wholly owned subsidiary of Berkshire Hathaway, Inc.
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.
Why is GEICO only 6 months?
A term of six months is what you'll likely be quoted unless you specifically ask for a different policy period length. This is because six-month policies give insurers the flexibility to update rates in response to shifts in pricing trends and your driving history.
Who is the richest person in insurance?
1. Warren Buffett. Buffett once again secures the top spot on the list of the country's wealthiest insurance tycoons. The man known as the “Oracle of Omaha” currently sits in the tenth spot of Forbes' overall rankings with a net worth of $103.6 billion.
Who owns Allstate insurance?
Allstate (ALL) Ownership Overview
The ownership structure of Allstate (ALL) stock is a mix of institutional, retail, and individual investors. Approximately 47.09% of the company's stock is owned by Institutional Investors, 0.55% is owned by Insiders, and 52.37% is owned by Public Companies and Individual Investors.
What is the strongest insurance brand in the world?
NEW DELHI: Insurance behemoth Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally, according to a report Brand Finance Insurance 100 2024.