The Best Car Insurance Companies in the US
A car is a valuable asset and an essential commodity in today’s time. But, despite the fact that buying a car is a significant investment, it can still incur heavy losses. Vehicles are prone to theft, and once a vehicle is stolen, it could be difficult to recover without the help of the authorities or tracking mechanisms.
Moreover, traffic accidents are very common and if a vehicle owner gets involved in one, they could end up paying huge fees for damages and medical bills. That is where car insurance comes in as the best-possible solution. In cases where you may be liable to pay huge amounts in vehicle repairs or hospital fees, your insurance company can help cover some or all of those fees, depending on the type of coverage you are using.
According to the National Highway Traffic Safety Administration, approximately 17,250 car crashes occur every day across the US. The statistic suggests just how compulsory it is today to secure some form of coverage for your vehicle if you don’t happen to own one already. In case your car is not insured, it might be time to finally invest in securing your assets as a pre-emptive measure.
Where to Get Your Car Insured
The best insurance companies offer customers a wide array of coverages that are comprehensive and budget friendly. By buying a suitable insurance catered to your needs, you can protect yourself from financial risks and crippling expenses.
These companies often deliver great customer service and seamless transaction processes. The steps needed to buy policies or make claims and payments are really simple, flexible and easy to follow once you’re familiar with all the terms and definitions.
The following is a list of the 10 most dependable insurance companies in the United States that you can rely on to get your cars covered in 2021. All you need to do is get in touch with them and their representatives or websites will guide you through the rest of the process.
10 Best Insurance Providers in the United States 2021
Although most states already legally require drivers to have insurance coverage for property damage liability and bodily injury liability, it’s best to check the full length of coverages offered by the leading insurance companies according to their various policies. The top ten list will likely give you a quote for your specific needs and with a versatile payment plan.
1. All-State
Ranked the Number 1 insurance company in Florida and 79th in the Fortune 500 Largest Corporations list, All-State offers one of the most extensive coverage in the market, with case-dependent discounts making it one of the most economical options on this list.
The insurance services offered at All-State are not limited to car insurance, but extends to recreational vehicles, property, business, life and homes. Other financial products include plans for retirement, college savings and annuity.
2. Geico
GEICO, or Government Employees Insurance Company, is an insurance company based in Maryland, with 16 offices stationed across the US. The company employs more than 40,000 associates. Heico, with policies for all kinds of insurance products, covers more than 20 million vehicles for over 16 million policyholders in the US.
Honoured as the most desired insurer by Kanbay Research Institute, Geico’s has a great customer service reputation in the country, with its 97% customer satisfaction rating being an accurate piece of evidence to that account. It’s also one of the most well-known, if not the most well-known, insurance providers in the market, thanks to their hugely successful marketing campaigns.
3. State Farm
State Farm is one of the biggest providers of property and casualty insurance, life and health insurance, banking products, and mutual funds. Based in Bloomington, Illinois, State Farm’s long list of financial services and high-quality customer care led to its naming as 36th in the Fortune 500 list of largest companies.
4. Progressive
Progressive has established itself as one of the big guns in the insurance providing business, with 18 million clients. Progressive devoted its efforts in providing the best possible money-saving coverages, which led to it being extremely popular among customers for its economical services.
Moreover, as the first car insurance company to provide discounts in insurance fees based on driving record, it is the best choice for people who had a great track record on the road and didn’t have a history of car accidents.
5. USAA
Although the scope of services and products offered by the United Services Automobile Association (USAA) is narrower than the other providers due to its exclusive access for veterans, service members and their families, the customer satisfaction rating for USAA is easily the best in this list, with customers switching to USAA saving $707 every year on average.
6. Auto-Owners Insurance
Auto-Owners Insurance was founded back in 1916, so it’s been in the car insurance game ever since the time cars were invented. Their presence in the market is quiet but large, with around 3 million policy holding customers across 26 US states, despite having a lightweight marketing approach.
7. Farmers Insurance
With a market share of 2.92%, 19 million policies in 50 states, 10 million insured households, and 21,000 employees, Farmers Insurance is one of the largest providers in the country, offering a bunch of coverage categories.
Their financial products range includes coverage services for small businesses, cars, pets, and homes, as well as specialty insurance services.
8. Nationwide Insurance
Nationwide Insurance is another insurance providing giant that is well known for its customer service. With its insurance coverage services dating back to 90 years ago, it’s fair to say that it’s a matured organization that has developed its own vision and identity.
S&P, A.M. Best and Moody’s gave the company top ratings in terms of customer service, which explains a lot for how the company thrives in client satisfaction and retention. Moreover, the employee retention is quite impressive as well, evident from Nationwide Insurance’s inclusion in Fortune’s “100 Best Companies to Work For,” placing 53rd.
9. Esurance
Esurance was ranked as California’s No.1 car insurance provider, and there’s good reason for it. The coverage options are diverse and comprehensive, and available all over the 43 states that they serve. The most attractive aspect of the service is the customer service and ease of use.
Although insurance providers, big and small, do their best to assist customers in selecting a policy or making a claim, the entire process could get time-consuming and convoluted at times. Esurance’s focus on their user experience has made it a fan-favourite, as they provide a near seamless sign up experience on their website or their app. They don’t even require you to call an agent for that!
10. Liberty Mutual Insurance
Liberty Mutual Insurance has expanded its operations to the global scale, and it has successfully established itself as the fifth biggest casualty and property insurer, worldwide. The first step to being a customer at Liberty Mutual Insurance is getting a quote from their website.
Although the facility of getting a free quote is a common feature in most insurance company websites, Liberty Mutual actually offers customers a 12% discount on their rate after they use their policy quote from the Liberty Mutual website. Moreover, their coverage services range from automobiles to homes, condos, and renters.
