Travelers is one of the oldest insurance companies in the world, having been around for more than 160 years. To help you choose the best insurance company for you, we have compiled a list of the 10 largest auto insurance companies in the United States. With moderate complaint ratings and a variety of discounts, Travelers is a great option for car insurance coverage. To be sure, it is always best to check with your state's Department of Insurance website or call if you have any questions about a particular insurer.
Of the largest car insurers on this list, State Farm offers the most competitive car insurance rates in most parts of the US. Legally speaking, major insurance companies must be adequately capitalized in case they need to pay out a large number of claims, such as what could happen to life insurers during a global pandemic. Among these 10 largest auto insurers, Nationwide offers the best deals for customers who want to combine their home and auto insurance policies. The 10 largest auto insurers in the US are State Farm, Progressive, Geico, Allstate, USAA, Liberty Mutual, Farmers Insurance, Travelers, Nationwide and American Family Insurance. This suggests that the insurance market in sectors such as life, health and property insurance is still divided among several different players.
While you may have a more personalized experience with a smaller insurance company, you may not have access to the same benefits and discounts offered by larger companies. In fact, Travelers issued its first car insurance policy in 1897 - before the Ford Model T was even invented! There is no guarantee that a larger insurer will have higher or lower rates than a smaller insurer since each insurer evaluates risk differently. Consumers should feel comfortable buying from lesser-known car insurers since they are regulated by their state's Department of Insurance. As a result, many believe that mutual insurance companies are better because the interests of policyholders are aligned with what is best for the company - namely reducing insurance rates and paying dividends to attract more customers.
