  none the 10 largest car insurance companies comprise more than threequarters of the auto insurance market as a whole   none major auto insurance companies offer financial stability and a variety of coverage plans   none to find cheap car insurance rates you’ll need to compare quotes from various providers the 10 largest car insurance companies in the united states combine to make up 76 of the market so there’s a good chance that you’re at least familiar with them these auto insurance providers are led by major industry names such as state farm geico progressive allstate and usaa we at the guides auto team have searched through data to determine which companies have the largest market share in the car insurance industry our team will explain their coverage plans costs and customer satisfaction scores to help you decide which one is the best auto insurance company for you ratings were determined by our guides auto team learn more about our scoring methodology at the end of this article note that many of these companies offer other coverage types such as homeowners insurance renters coverage and life insurance you may be able to save on car coverage if you bundle it with other insurance products such as home insurance the top 10 largest car insurance companies write over threequarters of the direct premiums in the us auto insurance market find more details below on the country’s 10 biggest insurance companies by market share and their average costs for full and minimum coverage am best financial strength rating a state farm is the nation’s largest car insurance company accounting for 159 of all auto policies sold the company maintains a stellar customer service reputation that’s backed by both industrywide studies and many positive reviews while state farm serves drivers in all 50 states it no longer sells new policies in massachusetts or rhode island you’ll find standard types of car insurance coverage such as liability and comprehensive insurance from state farm in addition the company has addons such as roadside assistance rental car reimbursement and rideshare insurance if you’d like to take advantage of a usagebased savings program state farm offers drive safe  save™ to policyholders this program calculates rates through a mobile app by tracking quick acceleration hard braking times of day speeding and phone use according to data from quadrant information services the average car insurance cost across the us is 1730 per year or 144 per month for full coverage and 635 per year or 53 per month for minimum coverage these estimates and all those that follow are based on the profile of a 35yearold driver with a clean driving record and good credit history unless stated otherwise below are average prices for a state farm insurance policy state farm’s average cost for full coverage is around 14 cheaper than the national average if you’re looking for further savings you’ll find car insurance discounts such as multicar multipolicy accidentfree good student driver training and vehicle safety features through state farm am best financial strength rating a the naic found that geico is the secondlargest car insurance company in the us accounting for 143 of all auto insurance premiums sold with a strong am best financial strength rating and a slightly aboveaverage claims satisfaction rating geico has proven itself as a reliable and affordable option for auto insurance geico offers the standard types of car insurance along with addons like roadside assistance rental car reimbursement and mechanical breakdown insurance driveeasy a usagebased insurance platform from geico is offered in most states and promotes safe driving habits by tracking them and providing discounts accordingly below are the national average rates for both minimum and fullcoverage auto insurance policies from geico geico’s average cost for fullcoverage auto insurance is about 24 cheaper than the national average in addition to cheap auto insurance rates geico offers car insurance discounts such as for air bags good students good drivers new cars and federal employees the company is also owned by berkshire hathaway giving it a strong ability to pay out auto insurance claims am best financial strength rating a progressive is the thirdlargest car insurance company in the nation accounting for 137 of all insurance plans purchased it has a strong bbb rating and am best financial strength score revealing its ability to meet ongoing insurance obligations however progressive earned a belowaverage score in the jd power 2022 us auto claims satisfaction study℠ with the lowest score of the five largest car insurance companies progressive offers policyholders a wide variety of options from standard types of coverage such as collision insurance to addons like loanlease payoff and a deductible savings bank like other reputable insurers progressive has a program called snapshot® that tracks and rewards safe driving habits with additional savings on auto insurance the average rates across the country for minimum and fullcoverage insurance with progressive are as follows progressive’s typical cost for fullcoverage auto insurance is almost 7 cheaper than the national average of 1730 per year or 144 per month discounts offered by progressive include continuous insurance multicar homeowner good student and paperless am best financial strength rating a allstate comes in fourth among the largest car insurance companies with a market share of 104 it has a wide variety of insurance coverage options and a strong jd power claims satisfaction rating additionally a claims satisfaction guarantee is included with every allstate policy and covers up to six months of premium costs if drivers are unsatisfied with its insurance claims process you’ll find the six standard types of car insurance with allstate along with addon coverages such as new car replacement accident forgiveness and guaranteed asset protection which is also known as gap insurance allstate has two distinct usagebased insurance programs drivewise® and milewise® drivewise tracks driving habits through a mobile app and rewards you with discounts based on responsible behaviors milewise is a paypermile insurance program that charges a daily base rate with additional costs per extra mile driven allstate’s national average prices for full and minimumcoverage car insurance can be found in the table below the average rates for fullcoverage car insurance from allstate are around 21 higher than the national average however allstate offers discounts such as multipolicy good student early signing new car and autopay that could lower your car insurance rates am best financial strength rating a usaa is the fifthlargest car insurance company with a 6 share of the auto insurance market it’s known for its cheap car insurance rates strong financial strength rating and excellent performance in jd power customer surveys however usaa auto insurance is only available to military members veterans and their families usaa provides standard car insurance coverage offerings in addition to more unique addons you can find accident forgiveness car replacement assistance rideshare coverage and even classic car insurance with usaa in addition it offers a telematics insurance app called safepilot™ that can provide policyholders with discounts of up to 30 based on their driving habits average costs for car insurance policies purchased from usaa are as follows the average prices from usaa are the best rates among the top five largest car insurance companies the provider’s average costs are an impressive 39 cheaper than the national average for fullcoverage auto insurance am best financial strength rating a liberty mutual is the sixthlargest car insurance provider in the us it offers car insurance discounts such as good student student away at school and multicar that can benefit families with young drivers furthermore liberty mutual’s righttrack® telematics program rewards drivers with additional discounts of up to 30 for good driving behaviors you’ll need to reach out to liberty mutual for a quote based on your driving profile and insurance needs our team was unable to get a national average for minimum and fullcoverage policies with this provider am best financial strength rating a as the nation’s seventhlargest auto insurer farmers insurance offers unique optional plans such as customized equipment coverage loss of use coverage rideshare insurance and personal umbrella insurance in addition farmers has an app called signal® that can either lower or increase your insurance premiums based on driving habits the national average of a minimumcoverage auto insurance plan through farmers is 881 per year while a fullcoverage policy comes out to 2140 annually both averages from farmers insurance are significantly higher than the typical rates for comparable car insurance policies am best financial strength rating a coming in as the eighthlargest car insurance company nationwide provides all standard auto coverage options to policyholders it also offers discounts for having multiple policies staying accidentfree and being either a good student or a safe driver furthermore it has usagebased and paypermile insurance programs known as smartride® and smartmiles® respectively the average cost of a minimumcoverage car insurance policy with nationwide is 613 per year while full coverage comes in at 1281 per year these averages are cheaper than the national rates for both minimum and fullcoverage auto insurance plans am best financial strength rating a american family insurance is the ninthlargest auto insurance provider in the us and has a wide array of discounts such as young volunteer generational low mileage early bird and multivehicle it also offers some nontraditional insurance plans like rental car reimbursement gap insurance and accidental death and dismemberment coverage the average premium for minimumcoverage insurance from american family insurance is 685 per year while the average for full coverage is 1537 per year the typical rate for a fullcoverage insurance policy from american family is considerably lower than the national average am best financial strength rating a as the 10thlargest car insurance provider travelers has earned our team’s distinction as the company with the most coverage options it offers addon coverages like loanlease gap insurance accident forgiveness and named nonowner coverage like many other reputable insurers travelers also offers drivers a telematics savings program theirs is called intellidrive® the average cost of minimumcoverage insurance from travelers is 730 per year and the typical fullcoverage policy with travelers is 1669 per year while minimum coverage from travelers is higher than the national average a fullcoverage policy is slightly cheaper