Top Car Insurance Companies [2023]
The top car insurance companies are Statefarm, Amica, Dairyland Auto, USAA, Auto-Owners, and American Family. To get the lowest rates, compare the top car insurance companies using our quote comparison tool.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jun 27, 2023
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- There are six auto insurance companies we consider to be at the top
- While Amica is the oldest auto insurance provider in the U.S., State Farm gets noted as being the biggest auto insurer in the U.S. and Canada
- A number of auto insurance rating companies are available to consult when considering an auto insurance company
For the purposes of this article, we are going define the best auto insurance companies by their overall market share and customer satisfaction rating.
This information was gathered from A.M. Best Company, The National Association of Insurance Commissioners (NAIC), J.D. Power and Associates, and the Better Business Bureau.
While State Farm seems to have the largest market share of the auto insurance market, nearly 18%, Amica seemed to get high ratings from both J.D. Powers and Associates and the BBB.
The companies we will be reviewing are:
- State Farm car insurance
- Amica car insurance
- Dairyland Auto insurance
- USAA car insurance
- Auto-Owners Insurance
- American Family car insurance
Read more to learn more about these car insurance companies and what they have to offer.
Just enter your ZIP code above to get online car insurance quotes right now!
State Farm
While State Farm’s automotive division reported over $32 billion in premiums earned in 2010, it only had a net income gain of $570 million.
Although the biggest player in the auto insurance arena, State Farm will still take on car insurance for high-risk drivers with less-than-perfect driving records.
While Amica is the oldest auto insurance provider in the U.S., State Farm gets noted as being the biggest auto insurer in the United States and Canada.
In an auto claims satisfaction study by J.D. Power, State Farm ranked sixth compared to many of the other large insurance providers. This insurer ranks higher marks for its insurance claims process and customer service.
State Farm has a local insurance agent in almost every city, so you receive more personalized attention than you do with Amica.
The NAIC analyzed the complaints filed with state insurance regulators and concluded that State Farm was at fault for denying claims unfairly at a rate far lower than the average insurance company.
For more information about State Farm, check out our State Farm car insurance review.
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Amica
This may not be a household name because of its lack of advertising, but Amica is recognized by many as a top-rated auto insurance provider. Amica began from humble beginnings in 1907 and is the oldest auto insurer in the United States today.
For over a decade, its clients deemed them to be one of the top auto insurance companies in regard to customer satisfaction (as noted by J.D. Power). High marks are also found in regard to claims, customer service, and insurance costs.
When turning to the Better Business Bureau for insight into this provider, Amica is awarded an A+ rating and is an accredited business.
When you look across the U.S., on the whole, you will find not nearly as many consumer complaints are upheld against Amica compared to any other car insurance provider in the nation, according to the National Association of Insurance Commissioners (NAIC).
Here’s how you can get an Amica car insurance quote online.
Dairyland Auto
If you have a less-than-stellar driving record, you may wish to seek out an insurance policy with a more specialized agency that deals with high-risk car insurance.
Dairyland Auto, a subsidiary of Sentry Insurance specializes in drivers who are in a higher-risk category.
Weiss Ratings has it listed as one of the most financially solid automotive insurance providers in the nation.
For more information, check out our Dairyland Auto insurance review.
USAA
Those who are in the armed services should without a doubt look into the United Services Automobile Association or USAA. The clients of USAA are delighted with the pricing, claims, customer service, and car insurance discounts for military members provided by this carrier.
J.D. Power and Associates rank them very high in these areas as well. The company is very strong financially, scoring the highest levels in the following five independent financial rating services:
- Fitch Ratings
- Moody’s
- A.M. Best
- Standard & Poor’s
- Weiss
Their complaints are equal to or better than the average auto insurance provider as well.
Check out our USAA car insurance review for more information.
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Auto-Owners Insurance
Since 1916, this company has been insuring cars and according to the Weiss Ratings list is a financial goliath in regards to its strength in the automotive insurance business sector. While not a nationwide company, Auto-Owners policies are available in over half the U.S. states.
The BBB rates it as an A+ accredited business.
Auto-Owners has a great reputation for being very diligent in paying their claims in a timely manner.
Here’s how you can get an Auto-Owners insurance quote.
American Family
As one of the United States’ top ten biggest car insurance companies, American Family holds its own in regard to customer reviews and complaints.
In regards to customer complaints, the BBB gives it a very high mark of A+ for handling these issues in a fair, prompt, and above-board manner.
Individuals in higher tax brackets seem to think highly of American Family insurance and rate the company well year after year.
According to J.D. Power and Associates, the company does an excellent job of handling claims expeditiously and paying out quickly.
It is a financially strong and stable company and ranks above the national average in regards to not being at fault in regards to customer complaints put before them.
Check out our American Family car insurance review for more information.
Other Top Auto Insurance Companies on the List
Other big players in the auto insurance industry are:
These four companies, combined, capture a little over 30% of the car insurance market.
While they have their detractors and supporters, the above agencies had a bit better customer rating compared to these four.
In the end, you need to do your research, ask your friends, and find what company suits you best.
Just enter your ZIP code below to get online car insurance quotes right now!
Frequently Asked Questions
What criteria were used to determine the top car insurance companies?
The top car insurance companies were determined based on various factors, including:
- Customer satisfaction ratings
- Financial strength
- Coverage options
- Pricing
- Claims handling
- Overall reputation in the industry
Are these rankings applicable worldwide?
No, these rankings are specific to the car insurance companies operating either nationwide or in several states. The mentioned top car insurance companies may vary in different locations, and it’s important to research and consider local options.
How can I find the top car insurance companies in my area?
To find the top car insurance companies in your area, you can start by conducting online research, reading customer reviews and ratings, comparing coverage options and prices, and consulting with local insurance agents or brokers who can provide personalized recommendations.
Can I switch my car insurance company to one of the top-ranked ones?
Yes, you can switch your car insurance company to one of the top-ranked ones. Before switching, it’s important to review your current policy, compare quotes from different companies, consider any cancellation fees, and ensure a smooth transition to the new provider without any coverage gaps.
Are the top car insurance companies the most affordable options?
While the top car insurance companies are often known for their quality service and strong financial stability, affordability may vary depending on individual circumstances, such as driving history, location, and coverage needs. Compare quotes from at least three different insurance companies to find the most affordable option that meets your requirements. Use our free online quote tool to obtain rates from multiple insurance providers. Just enter your ZIP code to get started.