State Farm operates as a mutual insurance company, which means that it is owned by its policyholders. State Farm is the largest insurance company in the United States and holds 18% of the total market share available. Nearly one in five dollars spent on personal premiums in the United States goes to the state farm. The company currently has approximately 70,000 employees and nearly 19,000 employees. The last annual report of the State, which corresponds to a large market share, shows a net profit of more than 1.7 billion dollars.
GEICO, known for its lively gecko, is the insurer of more than 16 million car insurance policies, which insure more than 24 million vehicles. The company’s size allows it to employ more than 36,000 people in nine regional offices, three service centers, and three claim centers. GEICO’s main clients consisted of US and military employees. Today, the customer base of the insurance company has expanded to include people from the private sector.
Progressive, the country’s third-largest insurance company, was founded in 1937. The company offers the option of purchasing auto insurance directly, online or over the phone. Clients can also register through independent insurance agents. The company employs more than 33,000 people and has more than 400 offices. Progressive is a publicly-traded company.
Founded in 1931, Allstate is the second-largest property and casualty insurance company in North America. Just like State Farm, Allstate has a list of local agents ready to meet your needs. The company currently employs over 79,000 people. Esurance, a subsidiary of Allstate, works in the same space. According to Allstate, the Esurance brand is aimed at autonomous and brand-aware customers, while Allstate is aimed at customers who benefit from local and personalized service.
USAA was founded by 25 army officers who decided to insure their vehicles in 1922. Today the company serves millions of affiliated members of the US Army. UU., Including:
- Current military members
- Former army
- Military family
- Cadets or applicants
USAA is based in San Antonio, Texas. The duration of the company’s campus is 45 minutes. USAA is the largest private company in San Antonio.
Liberty Mutual is one of the best insurance companies in the United States and has been in existence for over 100 years. It also has a significant international presence, with operations in 17 countries. International companies sell real estate contracts and insurance contracts against accidents, health, and life. The auto insurance industry represents a significant portion of Liberty Mutual’s business and represents 36% of the net insurance premium written for its latest annual report.
Farmers started as an insurance company offering coverage for their vehicles. Since then, it has become the seventh-largest insurance company in the country. It is difficult to find an insurance company that offers more products than farmers. It offers basic car insurance, pet insurance, and even investment products, in addition to many other insurance products. Farmers employ nearly 21,000 people, allowing them to subscribe to more than 19 million policies in 50 states.
Nationwide, a Fortune 100 company, has paid more than $ 18 billion in claims and other benefits to its members in 2017. The company operates in several vertical markets, including financial services, commercial lines, and personal lines. , in all 50 states. UU. Nationwide has donated more than $ 430 million to nonprofit organizations since 2000.
Travelers are over 160 years old and are therefore one of the oldest insurance companies in the world. actually drafted their first auto insurance policy in 1897, before the invention of the Ford Model-T. The company has more than 30,000 employees and 13,500 independent agents and brokers in various countries, including the United States, Canada, and Brazil.
American Family was created with the initial purpose of insuring farmers. In the 1930s, the company expanded and also focused on non-farmer insurance. Today, the company is one of the largest insurers in the United States. Last year, American Family paid more than $ 3 billion in home, auto and umbrella insurance claims.