Car Insurance Comparison Charts

These days it is quick and easy to get a few quotes online and size up companies that are within your price range. It can get harder to finally settle on an insurer when you have plenty options. Indecision is probably more notable on people who had bad claim experiences in the past. Also, general distrust of insurers can lead to even further scrutiny. Hopefully below lists that tell you the largest, strongest, cheapest and best car insurers in the USA will help you.

Let’s start with the leading insurers according to volume of business. One of the downside of automobile insurance comparison charts is that it is easy to find them on larger insurers but most great local carriers may escape the radar of rating companies. For example it is easy to find the following chart that literally size up the largest vehicle insurance carriers in the US.

Table: Auto Insurance Comparison Chart

Rank  Insurance Company Market
Share %
AM Best
Rating
J.D. Power
Claims Ratings
Customer
Score 100
       
1 State Farm Mutual Automobile Ins. 18.3 A++ better than most  85
2 Berkshire Hathaway Inc. (GEICO) 11.4 A++ about average  83
3 Allstate Corp. 10.0 A+ about average  81
4 Progressive Corp. 8.8 A+ about average  82
5 USAA Insurance Group 5.3 A++ among the best  93
6 Farmers Insurance Group 5.0 A about average  80
7 Liberty Mutual 5.0 A the rest  81
8 Nationwide Mutual Group 3.7 A+ about average  83
9 American Family Mutual 1.9 A better than most  83
10 Travelers Companies Inc. 1.7 A++ about average  82

Source: NAIC 2015 data, Insurance Information Institute (III), Nerdwallet, S&P Global Market Intelligence.

There are only 10 insurers on the above chart but they collectively insure over 70% of the US automobiles. This should tell you a lot about their appeal and selling power. They are so large that it is difficult for other companies to compete against them. Most innovative policies are offered by one of these carriers. They can also price their policies highly competitively due to the volume of their business. However, your circumstances may require you to look for a different list of carriers.

Are You Looking for the Cheapest Insurers? Another way of weighing insurers up against each other is price. If you are looking for a state-by-state car insurance price comparison chart we have done that too. Follow the link to discover the most competitive insurers in your state in order to see how they will fair for you. That is a comprehensive list with large and small companies in it.

You need to remember that a company may be the lowest priced in your state on average but this doesn’t guarantee that they will be the cheapest for you. That is why it is best to get a few automobile insurance quotes and carry out your own comparison.

Are You a High Risk Driver? If you are considered to be a high risk driver the above charts may not be as helpful for you. Although it isn’t always the case, leading insurers have the tendency to quote higher rates for risky applicants. Depending on what makes you a risky driver some of the providers on this high risk auto insurance companies chart can help you better.

Different reasons make group of drivers less desirable to certain insurers. It may sometimes have nothing to do with driving records. But there is a high chance another company will be happy to offer them affordable rates and this may pretty well be a nonstandard insurer. For example, many insurers don’t want to sell liability only vehicle insurance but there are several non standard carriers who specialize in this risk group.

Want to Know the Best Auto Insurance Carriers for Paying Claims? Most people don’t think much about claims when they are buying coverage because most don’t expect to make a claim. Still, Settling claims fairly and timely is probably one of the most important characteristics in a car insurance company. After all, you buy insurance just in case something unexpected happens and you can claim compensation from the insurer.

Insurers have to act in good faith by law when they are dealing with claims. However, some companies are known to mess around claimants, frustrate them and perhaps deny claims in the hope that they will not put up a fight. You certainly don’t want to be insured by a carrier like that. That is why you should check claim settlement record of your insurer.

Whatever you want to know about insurers you can probably find out quickly on the Internet. You can also check this site by typing your query on the search box above. You can get a few quotes right here on our comparison tool and see the prices too. One of the first things you should do when you want to compare insurers is to first find out how competitive they are. There is no point wasting time on a company that may be the most expensive in your state, especially when you have a limited budget.

Share on Pinterest
There are no images.

Leave a Reply