Vehicle insurance or especially car insurance in the United States is designed to address and cover the risk of financial liability for motor vehicles. This is done to deal with vehicles that are at risk of losing or physically damaging the car.
The United States is a country that requires residents to have car insurance for their vehicles. Only one state that does not require residents to insure their cars in Virginia. However, the cost of uninsured motor vehicles could be paid to states, such as New Hamsphire and Mississippi.
Read more: Auto insurance in the United States
The United States has many companies engaged in auto insurance. There are ten major auto insurance companies in the United States.
The 10 Largest Car Insurance Companies in the United States
1. State Farm
State Farm is one of the largest auto and home insurance companies in the United States. State Farm has 18,000 insurance agents ready to serve you if needed. With more than 18% of market reserves, it is clear that State Farm is an insurance company that has a very strong and superior financial strength.
This insurance company also offers a variety of discount options for car insurance, such as:
1. Accident-free discount
2. Anti-theft
3. Defensive driving course
4. Drive Safely and Safely
5. Have a homeowner policy
In 2016, JD Power's review ranked State Farm as the company that received a very satisfying response from State Farm insurance policyholders.
2. Geico
Geico is an insurance company that already uses technology to serve or find new clients to insure their vehicles. Geico provides an online relationship to manage insurance policyholder accounts and has an online application that can be used as an insurance management tool for every insurance policy owner.
Geico also offers the lowest auto insurance prices for car insurance. The feature that makes Geico a car insurance choice is that it provides optional types of protection such as mechanical damage, emergency roadside assistance, and rental reimbursement.
During the JD Power review, Geico noted average overall satisfaction. And AM Best and Standard & Poor's give Geico a very high rating of financial strength.
3. Allstate
Allstate is a company that is a little interesting because this company provides a 22% discount if within three years of car insurance premiums there are no claims filed. Apart from car insurance, Allstate also provides home insurance, life insurance, annuities, and mutual funds services.
JD Power gave the company an overall average satisfaction rating in 2016. And also received a superior rating from AM BEsat over Allstate's financial strength.
4. Progresif
One car company that has a difference with other companies. Progressive will provide the client with a "State Your Price" submission. It is meant for you to find yourself a budget within your means.
Progressive also has insurance quotes online, which will give you an estimate of the company's rates with other insurance companies. Progressive also provides some affordable car insurance along with multi-car discounts. Provide a special package with the right amount of coverage and a premium that suits your abilities.
Progressive gets an overall average satisfaction rating from JD Power, 2016. And an A + from AM Best for financial stability and strength.
5. USAA
This insurance is specifically for military families and provides additional features that include discounts on long-term car insurance.
Requirements to join the USAA insurance program are that you must be an active military officer. Army, Air Force, Navy, Coast Guard, or Marines.
Ex-military personnel will be assigned the following criteria: An individual who is separated or retired with honorific dismissal.
Family: Unmarried former spouses, widows, and widowers or children whose parents own USAA property or car insurance.
Cadets and Midshipmen: Individuals enrolled in US service academies, on an ROTC scholarship, or at an advanced ROTC.
AM Best gives USAA A ++ ratings for financial strength for customer satisfaction.
6. Farmers
Farmers offer car insurance policies such as accidents, minor accident claims, and new car replacement. As the name implies, the farmer provides a simple legal insurance policy. Many discounts offered by this insurance company, such as corporate affinity discounts, teachers, accountants, architects, doctors, engineers, lawyers, pilots, firefighters, scientists, police officers.
7. Liberty Mutual
The advantage of Liberty Mutual is an insurance company that provides additional accident forgiveness car insurance policies. If in five years there are no accidents and accidents with life improvements. Liberty Mutual also provides roadside assistance 24 hours a day.
2016 by JD Power ranked the company total customer satisfaction. And AM Best gave it a very good rating based on the company's strong and stable finances.
8. Nationwide
Nationwide has a difference with other insurance companies, which will reward each year for car insurance policyholders who do not experience an incident with your deductible.
Not only car insurance, but Nationwide also provides insurance services from home to pets and also provides identification of theft insurance and financial services.
JD Power 2016 gave an overall average customer satisfaction rating. And AM Best gave an A + for financial strength.
9. American Family
The American Family insurance company is widely known in America for offering low insurance prices. Not only offers cheap car insurance prices, but also other insurance services, such as a house, boat, condominium, agriculture, business, and livestock insurance.
American Family Insurance also offers financial products such as investment and retirement accounts.
American Family is the ninth-largest auto insurance company in the United States and is renowned for its low prices and an extensive menu of services. Apart from auto insurance, you can get homeowner, boat, condo, farm, business, or ranch insurance along with financial products such as investment and retirement accounts.
JD Power and Consumer Reports rate the American Family very well for its customer claim satisfaction and excellent financial strength.
10. Travelers
This insurance provides car insurance coverage to tourists and various insurance discounts for insurance policy owners. The company has been established in 1864 and already has agents throughout the states of the United States.
JD Power discloses the overall average customer satisfaction. AM Best rates it as having superior financial strength.