Top 10 Auto Insurance Companies in USA 2024: State Farm, GEICO, Progressive, USAA & Others

When it comes to insurance, whether it is life, home or automobile, choosing the best ones are important to secure your valuables. With a large number of insurance companies having their roots in the market, it becomes difficult to find out the best companies. To make it easier for you, we have compiled and presented the list of top 10 auto insurance companies in USA 2024.

Top 10 Auto Insurance Companies in USA 2024

The table below presents the list of top 10 auto insurance companies in USA along with their market share.

RankAuto insurance companyMarket share %
1State Farm16.73
4The Allstate Corporation10
6Liberty Mutual5.26
7Farmers Insurance4.43
9American Family Insurance2.70

Top 10 Auto Insurance Companies in USA

Let us know some details about the top 10 auto insurance companies in the USA in 2024.

1. State Farm

Auto Insurance Companies in USA
  • State Farm started as a mutual automobile insurance company in 1922 by a retired farmer George Mecherle.
  • It is not only the largest auto insurance provider but also the largest property and casualty insurance provider.
  • State Farm was included in the list of Fortune 500 companies where it ranked 42nd.
  • It has 343 claim offices and 30 operations centers with corporate headquarters in Bloomington, Illinois.


  • Government Employees Insurance Company (GEICO) was founded by Leo Goodwin Sr. and his wife in 1936 to sell auto insurance to federal government employees.
  • Even though it has the word government in its name, it is a private corporation without any affiliation to U.S. government.
  • GEICO has its headquarters in Chevy Chase, Maryland and is the second largest auto insurer in the United States.
  • Forbes has listed GEICO as one of the Best Employers for Women 2022 and Best Employers for New Grads 2022.

3. Progressive

  • Progressive is the third largest insurance carrier and the number one commercial auto insurer in the United States.
  • From customized auto insurance to superior claims service, from deft experts to advanced technology it has everything to support its clients in the best possible manner.
  • Not only auto insurance but Progressive Corporation also providesproperty, finance, commercial and personal insurance.
  • In 2022, it ranked on number 79 in the list of Fortune 500 companies.

4. The Allstate Corporation

The Allstate Corporation
  • Headquartered in Northfield Township, Illinois, The Allstate Corporation is the fourth largest American insurance company by market share.
  • Founded in 1931 as part of Sears, a department store company, it became an independent company in 1995.
  • Other than auto insurance, the company also offers home, life, motorcycle, renters, boat, landlord, condo & business insurance.
  • With revenue of more than 50 billion dollars, it ranked 66 in the list of Fortune 500 companies last year.


  • The United Services Automobile Association (USAA) is an auto insurance company that offers its services to those who serve or served in the US Armed Forces.
  • Other than insurance, USAA also offers banking and investing services and ranks 96 in the list of Fortune 500 companies.
  • The company was found in 1922by a group of 25 U.S. Army officers becausethey were not able to secure insurance because of high-risk factor.
  • USAA has its headquarters in San Antonio, Texas with other financial centers, often near military bases.

6. Liberty Mutual

Liberty Mutual
  • Liberty Mutual is a 110 years old insurance company founded in 1912 that has its headquarters in Boston, Massachusetts.
  • The company owns local insurance companies in many countries including Argentina, Brazil, China, India, Ireland, Portugal, Spain, Thailand, Turkey, the United Kingdom, Vietnam, etc.
  • Liberty Mutual is the sixth-largest global property and casualty insurer and ranked 78 in the list of Fortune 500 companies.
  • It employs more than 45000 people in over 900 locations throughout the world as recorded in the previous year.

Top 10 Medicare Supplement Insurance Companies

7. Farmers Insurance

Farmers Insurance
  • Farmers InsuranceGroup is an insurance company that offers insurance and other financial services and products as well.
  • Tyler and Leavey found the company in 1928 under the name Farmers Automobile Inter-Insurance Exchange, in Los Angeles, California where it is still headquartered.
  • The company’s products and services include auto insurance, home insurance, life insurance, recreational insurance, business insurance and financial services.
  • Farmers Insurance ranked 264 in the list of Fortune 500 companies.

8. Travelers Insurance

Travelers Insurance
  • Travelers Insurance is an auto insurance company that was found in Minnesota, has headquarters in New York City and the largest office in Hartford, Connecticut.
  • Other than auto and vehicle, Travelers provides insurance coverage for home, valuables and business as well.
  • The company has been around for more than 165 years and has earned a reputation as one of the best property casualty insurers in the industry.
  • In the list of Fortune 500 companies in 2022, Travelers ranked at 103rd

9. American Family Insurance

American Family Insurance
  • Founded in 1927, American Family Insurance (also known as AmFam) is one of the top 10 auto insurance companies in USA.
  • It is a private mutual company that focuses on life, health, property, casualty and auto insurance and also offers investment and retirement-planning products
  • The company has itsheadquarters in Madison, Wisconsinand initially only sold the auto insurance to the farmers.
  • In 2022, it ranked on number 251in the list of Fortune 500 companies.

10. Nationwide

  • Nationwide Mutual Insurance Company and affiliated companiesare collectively known by the name Nationwide.
  • Based in Columbus, Ohio, the company provides a full range of insurance and financial services products like auto, business, homeowners, farm and life insurance.
  • Apart from these, retirement plans, mutual funds, excess & surplus, specialty and surety, pet, motorcycle and boat insurance is also offered by Nationwide.
  • The company ranks 80th in the list of Fortune 500 companies and is also on the Fortune’s 100 Best Companies to Work For list for the eighth year in a row.


Which is the best auto insurance company in USA?

State Farm

What is Fortune 500?

Fortune 500 is an annual list made by Fortune magazine that lists 500 largest US corporations by total revenue.

Which is the oldest auto insurance company in USA?


The market share, revenue and ranking of these auto insurance companies keep on changing every moment. The list compiled here has been made after thorough research and it any updates occur, it will be reflected here.

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