Updated: December 20, 2024
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State Farm, Progressive, and GEICO dominate the car insurance market with the largest market shares of 16.8%, 14.1%, and 13.8%, respectively, all backed by top-tier financial strength ratings.
USAA, State Farm and Nationwide offer the cheapest national car insurance rates, with annual premiums of $679, $883 and $930, respectively. USAA is only for military members, however.
Major auto insurance companies provide robust claims-handling systems and access to thousands of reviews, making it easier for consumers to evaluate customer service and reliability.
Whether you're a new driver or a seasoned motorist, understanding car insurance is crucial. The process of choosing a policy isn't just about picking the biggest company or the cheapest policy — it's about finding the right coverage that suits your needs and budget. This guide provides data-driven insights about the top auto insurers and delves into the pros and cons of choosing large versus small companies to help you better understand your options.
Why Trust MoneyGeek? We collected quotes from Quadrant Information Services and state departments of insurance to analyze how insurers stack up in a cost comparison. To determine the largest providers by market share and financial stability and create our best ranking system, we utilized data from reputable sources including J.D. Power, AM Best and the National Association of Insurance Commissioners.
These major car insurance companies take up 77% of the U.S. market share, meaning they account for the most policies out of the hundreds of auto insurance providers in the country. Analyzing these companies can reveal just how popular and widely available these brands are.
A provider with a large part of the market share is likely well established, available in many areas, and has strong financial stability to pay out claims when needed.
Company | NAIC Market Share % | AM Best Financial Strength Rating |
|---|---|---|
16.8% | A++ | |
14.1% | A+ | |
13.8% | A++ | |
10.7% | A+ | |
5.9% | A++ | |
5.0% | A | |
4.6% | A- | |
2.1% | A++ | |
2.1% | A | |
2.0% | A+ |
Market share data was obtained from the latest NAIC (National Association of Insurance Commissioners) 2022 Market Share Report and gives a snapshot of the market share held by different companies in the auto insurance sector.
AM Best rates the financial strength of insurance companies and their ability to meet policyholder obligations whenever a claim is made based on a stringent review process of each company's financials. Companies that are rated A++/A+ ("Superior") or A/A- ("Excellent") are considered very stable.
When you select a significant auto insurance company, you get the resources that come with it — like the ability to handle claims within an established customer service system. It’s also easier to gauge how well that customer service is when you have thousands of consumer reviews, giving you a more comprehensive understanding.
The reputation of an insurance company carries more weight when the company has been in business for an extended period. But sometimes, that long history can mean dealing with a slower-moving company, especially regarding technological advances.
Here are a few features to keep an eye out for when weighing your insurance options:
You're likely familiar with America's largest car insurance companies, but determining which one is best for you depends on where you live, how much coverage you need and your budget.
MoneyGeek ranked the largest auto insurance companies by measuring affordability, customer satisfaction and other key factors to help you find the best car insurance for your needs.
Established in 1936 as the Government Employees Insurance Company (hence their current name), GEICO has been a subsidiary of the Berkshire Hathaway Group since 1996, and you’ve likely come across their many mascots (notably the gecko and caveman) over the years. GEICO boasts 13.76% of the market share, writes over 16 million auto policies and insures over 28 million vehicles. Customers can contact the company 24 hours a day, seven days a week, via their app. There are also contact options on the website or by telephone. GEICO also offers a military auto insurance section staffed by veterans.
With Travelers, customers can find similar offerings as the other largest car insurance companies on this list, like home, landlord and boat insurance. The company has been around for over 165 years. With more than 12,000 dedicated claim representatives, this enables shorter wait times compared to many other insurers. Additionally, they have a national distribution network of 13,500 independent agents. Travelers holds 2.11% of the market share.
Read MoneyGeek's Travelers auto Insurance ReviewDrivers seeking the best auto insurance should always check out the specific offerings for their state for the most accurate rates. Use the table below to discover the best car insurance provider in your state. Click your state to learn more about the best car insurance in your state by driver profile and coverage needs.
| Alabama | Cincinnati Insurance | 93 | $717 | $60 |
| Alaska | Progressive | 89 | $1,180 | $98 |
| Arizona | Auto-Owners Insurance Co | 89 | $767 | $64 |
| Arkansas | Shelter | 91 | $1,143 | $95 |
| California | Chubb | 93 | $1,868 | $156 |
| Colorado | Acuity | 94 | $1,331 | $111 |
| Connecticut | Amica Mutual | 91 | $868 | $72 |
| Delaware | Travelers | 90 | $904 | $75 |
| District of Columbia | Chubb | 93 | $1,380 | $115 |
| Florida | Allstate | 86 | $1,965 | $164 |
| Georgia | Auto-Owners Insurance Co | 92 | $778 | $65 |
| Hawaii | Progressive | 89 | $1,243 | $104 |
| Idaho | American National P&C | 90 | $299 | $25 |
| Illinois | Westfield | 91 | $863 | $72 |
| Indiana | Westfield | 91 | $684 | $57 |
| Iowa | Westfield | 91 | $717 | $60 |
| Kansas | Shelter | 91 | $1,027 | $86 |
| Kentucky | Cincinnati Insurance | 93 | $825 | $69 |
| Louisiana | Progressive | 87 | $1,847 | $154 |
| Maine | Travelers | 85 | $656 | $55 |
| Maryland | Erie | 91 | $1,137 | $95 |
| Massachusetts | Chubb | 93 | $1,008 | $84 |
| Michigan | Chubb | 93 | $961 | $80 |
| Minnesota | Westfield | 91 | $866 | $72 |
| Mississippi | Shelter | 90 | $1,319 | $110 |
| Missouri | Shelter | 90 | $1,616 | $135 |
| Montana | GEICO | 86 | $1,167 | $97 |
| Nebraska | Shelter | 91 | $1,095 | $91 |
| Nevada | American Family | 89 | $1,389 | $116 |
| New Hampshire | Hanover | 86 | $3,166 | $264 |
| New Jersey | Amica Mutual | 92 | $944 | $79 |
| New Mexico | State Farm | 86 | $654 | $55 |
| New York | Chubb | 93 | $2,318 | $193 |
| North Carolina | Erie | 90 | $630 | $52 |
| North Dakota | Grinnell Mutual | 89 | $911 | $76 |
| Ohio | Cincinnati Insurance | 93 | $711 | $59 |
| Oklahoma | Shelter | 91 | $1,163 | $97 |
| Oregon | American Family | 89 | $925 | $77 |
| Pennsylvania | Chubb | 93 | $1,252 | $104 |
| Rhode Island | Amica Mutual | 91 | $1,072 | $89 |
| South Carolina | Auto-Owners Insurance Co | 92 | $842 | $70 |
| South Dakota | Western National | 91 | $1,119 | $93 |
| Tennessee | Cincinnati Insurance | 93 | $867 | $72 |
| Texas | Chubb | 93 | $1,371 | $114 |
| Utah | Auto-Owners Insurance Co | 89 | $726 | $60 |
| Vermont | American Family | 89 | $594 | $50 |
| Virginia | Cincinnati Insurance | 93 | $831 | $69 |
| Washington | Chubb | 93 | $1,026 | $85 |
| West Virginia | Westfield | 91 | $1,021 | $85 |
| Wisconsin | Acuity | 94 | $960 | $80 |
| Wyoming | Allstate | 86 | $913 | $76 |
One key factor for many people when choosing a policy is affordability. While premiums vary widely based on location, driving history, and vehicle type, some companies consistently offer competitive rates. We've compiled a list of the cheapest car insurance companies, but remember, low cost doesn't always equate to high value. It's crucial to consider the quality of coverage, customer service and claim satisfaction in addition to the price. Explore our list to discover the cheapest car insurance companies at a national level.
| USAA | $679 | $57 |
| State Farm | $883 | $74 |
| Nationwide | $930 | $78 |
| GEICO | $936 | $78 |
| Travelers | $1,037 | $86 |
| Progressive | $1,120 | $93 |
| Allstate | $1,124 | $94 |
| Farmers | $1,192 | $99 |
When shopping for car insurance, you'll find that costs can vary significantly from state to state. It's crucial to explore options tailored to your specific locale that meet your state’s minimum coverage requirements. We've compiled a list of the cheapest car insurance companies by state to help you find the most affordable car insurance where you live. Click your state to learn more about the cheapest car insurance in your state by driver profile and coverage needs.
| Alabama | Allstate | $825 | $69 |
| Alabama | Nationwide | $709 | $59 |
| Alabama | Cincinnati Insurance | $581 | $48 |
| Alaska | GEICO | $750 | $62 |
| Alaska | State Farm | $699 | $58 |
| Alaska | State Farm | $644 | $54 |
| Arizona | Root Insurance Company | $684 | $57 |
| Arizona | Root Insurance Company | $682 | $57 |
| Arizona | Travelers | $689 | $57 |
| Arkansas | Hanover | $741 | $62 |
| Arkansas | State Farm | $629 | $52 |
| Arkansas | Hanover | $551 | $46 |
| California | GEICO | $1,284 | $107 |
| California | AAA California | $1,001 | $83 |
| California | AAA California | $991 | $83 |
| Colorado | American National P&C | $668 | $56 |
| Colorado | American National P&C | $541 | $45 |
| Colorado | American National P&C | $532 | $44 |
| Connecticut | GEICO | $880 | $73 |
| Connecticut | GEICO | $693 | $58 |
| Connecticut | GEICO | $683 | $57 |
| Delaware | Travelers | $980 | $82 |
| Delaware | State Farm | $881 | $73 |
| Delaware | State Farm | $817 | $68 |
| District of Columbia | GEICO | $878 | $73 |
| District of Columbia | GEICO | $662 | $55 |
| District of Columbia | GEICO | $715 | $60 |
| Florida | State Farm | $1,259 | $105 |
| Florida | State Farm | $1,058 | $88 |
| Florida | State Farm | $970 | $81 |
| Georgia | Allstate | $942 | $78 |
| Georgia | Country Financial | $665 | $55 |
| Georgia | Country Financial | $580 | $48 |
| Hawaii | GEICO | $565 | $47 |
| Hawaii | GEICO | $565 | $47 |
| Hawaii | GEICO | $565 | $47 |
| Idaho | American National P&C | $383 | $32 |
| Idaho | American National P&C | $299 | $25 |
| Idaho | American National P&C | $307 | $26 |
| Illinois | American Family | $753 | $63 |
| Illinois | Country Financial | $663 | $55 |
| Illinois | Country Financial | $610 | $51 |
| Indiana | American Family | $598 | $50 |
| Indiana | American Family | $555 | $46 |
| Indiana | State Farm | $530 | $44 |
| Iowa | State Farm | $639 | $53 |
| Iowa | State Farm | $509 | $42 |
| Iowa | State Farm | $448 | $37 |
| Kansas | Nationwide | $786 | $66 |
| Kansas | Nationwide | $670 | $56 |
| Kansas | Nationwide | $596 | $50 |
| Kentucky | Nationwide | $1,007 | $84 |
| Kentucky | Nationwide | $790 | $66 |
| Kentucky | Cincinnati Insurance | $670 | $56 |
| Louisiana | GEICO | $1,512 | $126 |
| Louisiana | Louisiana Farm Bureau | $1,048 | $87 |
| Louisiana | State Farm | $1,257 | $105 |
| Maine | Concord Group | $690 | $57 |
| Maine | Concord Group | $521 | $43 |
| Maine | Concord Group | $498 | $41 |
| Maryland | Progressive | $961 | $80 |
| Maryland | Progressive | $938 | $78 |
| Maryland | Progressive | $857 | $71 |
| Massachusetts | State Farm | $483 | $40 |
| Massachusetts | State Farm | $483 | $40 |
| Massachusetts | State Farm | $369 | $31 |
| Michigan | GEICO | $903 | $75 |
| Michigan | GEICO | $898 | $75 |
| Michigan | Chubb | $798 | $67 |
| Minnesota | American Family | $842 | $70 |
| Minnesota | State Farm | $797 | $66 |
| Minnesota | Iowa Farm Bureau | $694 | $58 |
| Mississippi | Direct General Insurance | $919 | $77 |
| Mississippi | Direct General Insurance | $723 | $60 |
| Mississippi | Direct General Insurance | $639 | $53 |
| Missouri | American Family | $1,070 | $89 |
| Missouri | Nationwide | $909 | $76 |
| Missouri | Nationwide | $860 | $72 |
| Montana | Progressive | $525 | $44 |
| Montana | Progressive | $437 | $36 |
| Montana | Progressive | $399 | $33 |
| Nebraska | American National P&C | $493 | $41 |
| Nebraska | American National P&C | $405 | $34 |
| Nebraska | American National P&C | $381 | $32 |
| Nevada | CSAA | $1,168 | $97 |
| Nevada | CSAA | $940 | $78 |
| Nevada | CSAA | $840 | $70 |
| New Hampshire | State Farm | $681 | $57 |
| New Hampshire | State Farm | $540 | $45 |
| New Hampshire | State Farm | $500 | $42 |
| New Jersey | Plymouth Rock Assurance | $965 | $80 |
| New Jersey | Plymouth Rock Assurance | $895 | $75 |
| New Jersey | NJM | $798 | $66 |
| New Mexico | State Farm | $854 | $71 |
| New Mexico | State Farm | $644 | $54 |
| New Mexico | State Farm | $607 | $51 |
| New York | Kemper | $990 | $82 |
| New York | Kemper | $781 | $65 |
| New York | Kemper | $766 | $64 |
| North Carolina | Erie | $644 | $54 |
| North Carolina | Erie | $630 | $52 |
| North Carolina | Nationwide | $514 | $43 |
| North Dakota | American Family | $709 | $59 |
| North Dakota | American Family | $616 | $51 |
| North Dakota | Nodak Mutual | $514 | $43 |
| Ohio | American Family | $516 | $43 |
| Ohio | Nationwide | $485 | $40 |
| Ohio | Nationwide | $448 | $37 |
| Oklahoma | State Farm | $818 | $68 |
| Oklahoma | State Farm | $662 | $55 |
| Oklahoma | State Farm | $579 | $48 |
| Oregon | State Farm | $813 | $68 |
| Oregon | State Farm | $706 | $59 |
| Oregon | State Farm | $656 | $55 |
| Pennsylvania | Travelers | $672 | $56 |
| Pennsylvania | Nationwide | $580 | $48 |
| Pennsylvania | Nationwide | $508 | $42 |
| Rhode Island | State Farm | $862 | $72 |
| Rhode Island | State Farm | $700 | $58 |
| Rhode Island | State Farm | $712 | $59 |
| South Carolina | American National P&C | $548 | $46 |
| South Carolina | American National P&C | $463 | $39 |
| South Carolina | American National P&C | $482 | $40 |
| South Dakota | Allstate | $803 | $67 |
| South Dakota | Allstate | $746 | $62 |
| South Dakota | Nationwide | $702 | $58 |
| Tennessee | State Farm | $728 | $61 |
| Tennessee | State Farm | $579 | $48 |
| Tennessee | State Farm | $516 | $43 |
| Texas | State Farm | $900 | $75 |
| Texas | State Farm | $699 | $58 |
| Texas | Texas Farm Bureau | $629 | $52 |
| Utah | Nationwide | $896 | $75 |
| Utah | Nationwide | $725 | $60 |
| Utah | Nationwide | $670 | $56 |
| Vermont | State Farm | $611 | $51 |
| Vermont | State Farm | $493 | $41 |
| Vermont | State Farm | $449 | $37 |
| Virginia | Virginia Farm Bureau | $753 | $63 |
| Virginia | American Family | $601 | $50 |
| Virginia | Nationwide | $651 | $54 |
| Washington | PEMCO | $670 | $56 |
| Washington | PEMCO | $534 | $44 |
| Washington | PEMCO | $569 | $47 |
| West Virginia | Erie | $962 | $80 |
| West Virginia | Erie | $784 | $65 |
| West Virginia | Erie | $773 | $64 |
| Wisconsin | GEICO | $641 | $53 |
| Wisconsin | GEICO | $556 | $46 |
| Wisconsin | State Farm | $568 | $47 |
| Wyoming | Farmers | $870 | $72 |
| Wyoming | State Farm | $745 | $62 |
| Wyoming | State Farm | $646 | $54 |
Getting a car insurance policy involves a few crucial steps, but it doesn't have to be a complex process. To start, you'll need to determine your coverage needs. Next, gather the necessary information, including your vehicle details (make, model, year), driving record and personal details like your age and address. You'll need this information to get accurate quotes for the cost of a policy.
You can get quotes by visiting a company’s website or calling a representative. You should get at least three quotes to compare to ensure you get the best rate for the coverage you need.
MoneyGeek’s auto insurance calculator utilizes 2,118,312 quotes across 897 zipcodes from 67 insurers to calculate estimates for the cost of car insurance for various driver profiles. Our calculator is safe and free to use.
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Dec 20, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
About Mark Fitzpatrick
Devon Delfino is an independent journalist based in the Pacific Northwest. She earned her Bachelor of Science degree in journalism from Boston University. Her personal-finance reporting has been featured in publications such as the L.A. Times, Teen Vogue, Mashable, MarketWatch, CNBC and USA Today, among others. Devon Delfino is a writer for MoneyGeek.
