You can probably name some insurance companies off the top of your head State Farm, GEICO, Progressive, Allstate but did you know that over 30% of U.S. households have insurance policies through one of the top 10? Insurance companies are in business to make money, so they tend to offer policies that provide the best value to them... but what does that mean for you? Here’s a list of the top 10 insurance companies in the United States, as rated by 24/7 Wall St.
10 Best insurance company in USA
1. Erie Insurance
At Erie Insurance, you can get a policy that fits your needs at a great price. Their products include auto, home, business and life insurance. Visit their website to learn more about what they offer, and see how easy it is to set up an account. This company has been around for over 150 years and has learned some valuable lessons along their journey. They use these lessons to help customers save money on premiums, deductibles and other areas of their policies. Customers have given Erie Insurance 4 out of 5 stars on Google reviews because they truly understand what customer service is all about! The company’s commitment to its customers goes beyond just offering quality services they strive to make sure every customer has everything they require when issues arise.
Also read : Top 10 more trusted finance company in America
2.State Farm
This insurer’s motto is Like a good neighbor, State Farm is there. It’s also why it consistently ranks as one of America’s most popular home and auto insurers. The company was founded in 1922 by retired farmer George J. Michelle as a mutual automobile insurer owned by its policyholders. In 1958, State Farm branched out into home insurance and has continued to expand ever since it now offers policies for just about everything from renters to business owners to life insurance.
3.Nationwide
Since its founding in 1926, Nationwide has grown to become one of America’s most established and reputable insurance providers. With personal lines policies providing protection for homes, vehicles and other possessions, as well as commercial products for businesses, there’s no shortage of ways to protect what matters most to you. We pride ourselves on offering quality service that goes above and beyond traditional customer service standards. Through our efforts to remain a trusted brand nationwide, we have been recognized with a number of awards and accolades over our history. These include recognition from industry associations such as Smart CEO Magazine's list of Best Companies (2014), an A+ rating from A.M.
4.Farmers Insurance Group
Farmers Insurance is an American insurer group of automobiles, homes and small businesses and also provides other types of insurance and financial services products. The company is a wholly owned subsidiary of Farmers Insurance Exchange.
5.American Family Insurance Group
Holding a strong claim to being considered one of the most innovative companies on our list, American Family Insurance has won multiple awards for its IT team's ability to integrate technology with innovation. In 2003, Fast Company magazine ranked American Family Insurance number 39 among all global companies not just insurance or financial services based on overall innovation and leadership. And since 2004, it has remained within Fast Company's Fast 50 ranking for overall innovation. Forbes magazine named American Family as one of America's 100 Most Trustworthy Companies in 2008 and 2009 and listed it among its Most Reputable businesses from 2007 through 2011. The family-owned insurer is also committed to aiding employees who lose their homes in natural disasters.
6.Progressive
Progressive offers some of the cheapest rates on auto insurance, but their track record isn’t so great. Their overall financial rating has slipped from A to B, and they have multiple complaints registered with both consumer protection organizations and government agencies. The most common complaint we found was a lack of communication between customer service representatives and customers. To avoid confusion, we suggest you call ahead if you have questions about your policy or if you have complicated claims (especially regarding stolen vehicles). Furthermore, Progressive is known for providing inconsistent payouts in cases involving theft or damage. Always get an itemized list of deductions before agreeing to any payments this way you can check that Progressive didn’t omit anything important.
7.GEICO
Geico or Government Employees Insurance Company, is one of many private insurance agencies providing car and home coverage to millions of customers across America. GEICO's high ratings on J.D. Power and Associates are a reflection of its proven financial reliability: GEICO has been around for over 50 years and currently holds a perfect 5/5-star rating from A.M. Best, meaning it's financially stable enough to pay its future claims on time. Its average policy lasts about 18 months.
8. A mica Mutual Insurance Company
A mica Mutual is one of top insurance company in US, A mica was founded on February 11, 1957, by a group of independent agents who were concerned about their ability to stay independent amid growing pressure from large insurance corporations. Today A mica’s agents are no longer independent and its membership is no longer strictly mutual; however, its commitment to doing business differently remains. Each year it gives back between $300 million and $400 million to policyholders as dividend or discount payments, compared with an industry average of between $150 million and $200 million. Additionally, it offers better service ratings than most carriers (which makes it easy for us to recommend). However, you may find better rates elsewhere if you have a below-average driving record or poor credit history.
9.Allstate Insurance Company?
Northbrook, Illinois-based Allstate offers a broad range of products, including homeowners, auto and personal umbrella policies. It also runs an exclusive division called Insurance. Customers can save money on their premiums by bundling multiple policies with Allstate. Even if you have an existing policy through another company, it is smart to shop around for better rates and protection. For instance, you may find that your mortgage lender offers free home and auto coverage, but there are still ways to increase discounts and lower costs on current or future policies from Allstate. You'll also have 24/7 customer service support available during emergencies or times when you need expert advice about your coverage options
10. John Hancock Financial Services
John John Hancock Financial Services provides life, health, and supplemental health insurance policies through its family of subsidiaries. Its life insurance products cover long-term care for individuals under age 65; term life and universal life for clients of all ages; and annuities for retirees. The company also offers Medicare Supplements policies and group plans from employers. It serves individual consumers, small businesses, public entities, and midsize-to-large private enterprises. John Hancock Financial Services was founded in 2002 as a subsidiary of Manlike Financial Corporation (MFC). In 2015, it became a subsidiary of The Manufacturers Life Insurance Company (TML), a member of American International Group (AIG). John Hancock Financial Services is based in Boston, Massachusetts.