February 18th 2012 Steve Wyrostek

What are the major car insurance companies?

One way to size up insurance companies is by how much of the market they have control over. If you’re ranking insurance companies by market share, they rank up just so:
1. State Farm – 18.7%
2. Allstate – 10.2%
3. GEICO – 8.5%
4. Progressive – 7.7%
5. Farmers – 6%
6. Liberty Mutual – 4.5%
7. USAA – 4.4%
8. Nationwide – 4.2%
9. Travelers – 2.1%
10. American Family – 1.9%

It is important to remember that just because a company has the biggest market share, doesn’t necessarily mean it is the right insurance company for you. Check out what all companies have to offer and decide based on your own needs.

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