The largest car insurance companies by state
State Farm is the largest insurer in 35 states and Washington, D.C. After State Farm, GEICO was most frequently the largest insurer, taking the top market share spot in 10 states. Progressive held the most market share in 4 states, and American Family in just 1.
Largest auto insurance companies in each state
Big vs. small insurance companies
The trade-off between large insurance companies and small ones typically involves giving up competitive rates for an improved customer experience.
- When using a small insurance company for your auto insurance, you’ll likely communicate exclusively with one insurance agent.
- While you might lose a personal connection when selecting a major insurer, the largest companies tend to have more financial stability. In fact, these carriers underwrite and pay out billions of dollars per year, and still often leverage their resources to offer drivers lower insurance rates.