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Top Auto Insurance Companies in US 2023

The market share, revenue, and ranking of these auto insurance providers fluctuate constantly. This list was compiled after extensive investigation, and any subsequent updates will be reflected here.

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Top Auto Insurance Companies in US 2023: When it comes to insurance, whether it be life, home, or auto, it is essential to choose the finest policies to protect your possessions. Due to the large number of insurance companies with market roots, it is difficult to identify the finest companies. For your convenience, we have compiled and presented a list of the top 10 auto insurance companies in the United States in 2023.

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Top 10 Auto Insurance Providers in the U.S. in 2023

Following is a list of the top 10 auto insurance companies in the United States in 2023, along with their market share.

Rank Auto insurance company Market share %
1 State Farm 16.73
2 GEICO 14
3 Progressive 13
4 The Allstate Corporation 10
5 USAA 6.41
6 Liberty Mutual 5.26
7 Farmers Insurance 4.43
8 TravelersInsurance 2.76
9 American Family Insurance 2.70
10 Nationwide 2.68

Please provide information about the top 10 auto insurance companies in the United States in 2023.

1. State Farm

  • In 1922, George Mecherle, a retired farmer, founded State Farm as a mutual automobile insurance corporation.
  • It is not only the largest provider of auto insurance, but also the largest provider of property and casualty insurance.
  • In 2023, State Farm was ranked 42nd on the list of the Fortune 500 companies.
  • It has 343 claim offices and 30 operations centers, and its headquarters is located in Bloomington, Illinois.


  • Leo Goodwin Sr. and his wife founded Government Employees Insurance Company (GEICO) in 1936 to sell motor insurance to federal government employees.
  • Even though its name contains the word government, it is a private company unaffiliated with the U.S. government.
  • The second largest motor insurer in the United States, GEICO has its headquarters in Chevy Chase, Maryland.
  • GEICO has been recognized by Forbes as one of the Best Employers for Women 2022 and Best Employers for New Grads 2022.

3. Progressive

  • Progressive is the third largest insurance company in the United States and the largest commercial motor insurer.
  • From customized auto insurance to superior claims service, dexterous experts to cutting-edge technology, this company has everything it needs to support its customers in the most effective manner possible.
  • Progressive Corporation provides property, finance, commercial, and personal insurance in addition to auto insurance.
  • It ranked number 79 on the list of Fortune 500 companies in 2022.

4. The Allstate Corporation

  • The Allstate Corporation, headquartered in Northfield Township, Illinois, is the fourth largest American insurance corporation by market share.
  • In 1995, the corporation that was founded in 1931 as a department store subsidiary of Sears became an independent entity.
  • In addition to auto insurance, the company offers home, life, motorcycle, renter, watercraft, condominium, and business insurance.
  • Last year, it ranked No. 66 on the Fortune 500 list, with more than 50 billion dollars in revenue.


  • The United Services Automobile Association (USAA) is an auto insurance corporation that serves those who serve or have served in the United States Armed Forces.
  • USAA provides banking and investment services in addition to insurance and ranks 96 on the Fortune 500 list.
  • Due to the high risk factor, a group of 25 U.S. Army officers founded the corporation in 1922 when they were unable to obtain insurance.
  • USAA’s headquarters are located in San Antonio, Texas, and its other financial centers are frequently located close military bases.

6. Liberty Mutual

  • Liberty Mutual is a Boston, Massachusetts-based insurance company that was founded in 1912 and is 110 years old.
  • The company possesses local insurance firms in numerous nations, including Argentina, Brazil, China, India, Ireland, Portugal, Spain, Thailand, Turkey, the United Kingdom, Vietnam, and others.
  • Liberty Mutual is the sixth-largest property and casualty insurer worldwide and is ranked number 78 on the Fortune 500 list.
  • As of the previous year, it employs over 45,000 people in over 900 locations throughout the globe.

7. Farmers Insurance

  • Farmers InsuranceGroup is an insurance provider that also provides additional financial services and products.
  • Tyler and Leavey founded the firm in 1928 in Los Angeles, California, under the name Farmers Automobile Inter-Insurance Exchange. This is still the company’s headquarters.
  • Auto insurance, residence insurance, life insurance, recreational insurance, business insurance, and financial services are among the company’s products and services.
  • Farmers Insurance ranked number 264 on the Fortune 500 list.

8. Travelers Insurance

  • Travelers Insurance was founded in Minnesota, has its headquarters in New York City, and maintains its primary office in Hartford, Connecticut.
  • In addition to auto and vehicle insurance, Travelers also offers coverage for homes, valuables, and businesses.
  • The company has been in existence for over 165 years and has acquired a reputation as one of the industry’s best property and casualty insurers.
  • In 2022, Travelers was ranked 103rd on the list of Fortune 500 companies.

9. American Family Insurance

  • American Family Insurance (also known as AmFam) was founded in 1927 and is one of the top 10 auto insurance companies in the United States.
  • It is a private mutual corporation that offers investment and retirement-planning products in addition to life, health, property, casualty, and auto insurance.
  • The company’s headquarters are located in Madison, Wisconsin, and it initially sold auto insurance only to farmers.
  • It rated 251 on the list of Fortune 500 companies in 2022.

10. Nationwide

  • Nationwide refers to Nationwide Mutual Insurance Company and affiliated entities collectively.
  • The company, headquartered in Columbus, Ohio, offers an extensive array of insurance and financial services products, including auto, commercial, homeowner’s, farm, and life insurance.
  • Nationwide also provides retirement plans, mutual funds, excess & surplus, specialty and surety, pet, motorcycle, and watercraft insurance.
  • The company is ranked 80th among the Fortune 500 and is on Fortune’s 100 Best Companies to Work For list for the eighth consecutive year.


  • What is the finest car insurance company in the United States?
    The State Farm


  • What exactly is the Fortune 500?
    Fortune 500 is an annual ranking compiled by Fortune magazine of the 500 largest U.S. companies based on total revenue.


  • What is the earliest car insurance company in the United States?

The market share, revenue, and ranking of these auto insurance providers fluctuate constantly. This list was compiled after extensive investigation, and any subsequent updates will be reflected here.

Muskan Manocha
Muskan Manocha
Muskan Manocha is pursuing graduation from University of Delhi.

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