One of the most common questions that I often get as an insurance agent is “Which insurance company should I join?” The fact is, there are thousands of insurance companies in the USA and it can be very confusing to choose from. We provide a list of top insurance companies in US and this article will help you choose the right one.
Here’s a list of the top 10 insurance companies in the USA, ranked from best to worst. The list is presented in alphabetical order and includes their respective company’s contact information, websites, and subsidiaries if applicable.
Allstate Insurance Company is one of the oldest Insurance companies in the USA. It was founded by Peter Van der Linda in 1946 and has contributed a lot towards the insurance industry in America, becoming one of the leading Insurance companies in property and casualty (P&C) insurance.
Allstate has over 50 million customers with more than $117 billion in assets, including retirement, home and auto insurance policyholders.
American Family Insurance
American Family Insurance is the largest non-insurance company in the United States with more than $127 billion in assets. It provides a range of products, including auto insurance, life insurance, health insurance and other insurance services.American Family Insurance is headquartered in Columbus, Ohio and has approximately 2,000 employees across the country.
The company’s principal products include:
Life Insurance: Term life insurance, whole life insurance, universal life insurance, annuity products and retirement income plans.
Health Care Plans: Health savings accounts (HSAs) and flexible spending accounts (FSAs).
Property Loss and Damage Coverage: Homeowner’s insurance, commercial property insurance coverage for businesses that generate business income at their locations or off-premises (outside the building), such as shopping malls or trade shows.
Farmers Insurance Company is one of the largest insurance companies in the United States. The company has over 8,700 employees across the country. Farmers is headquartered in Des Moines, Iowa, and was founded in 1885 by Charles E. Clark. In 2016, Farmers had more than $6 billion in revenue and more than $6 billion in gross written premiums (GWR).
The company offers a wide range of financial services to individuals, families, businesses and organizations nationwide through its network of local offices. Farmers products include homeowners and renters insurance, auto insurance, life insurance, annuities and other forms of protection for individuals and families.
Nationwide Insurance is one of the largest insurance companies in the world with more than 50 million policyholders and over 1,000 insurance agencies. It is a subsidiary of The State Farm Company, which was founded by O.M. Scott in 1931 in Decatur, Illinois.
Initially, it provided property and casualty insurance only, but now offers a wide range of insurance services including life, health and annuities products. The company has been operating since 1872 and has also been listed on the New York Stock Exchange since 1971.
Nationwide offers auto, home and business insurance as well as life insurance policies for individuals and families. It also provides specialty products such as credit cards, annuities and education plans to meet customers’ needs for specialized coverage.
State Farm Insurance
State Farm Insurance is one of the leading insurance companies in USA. It was founded by German immigrant John Ellis State in 1922. In 1949, it became a subsidiary of Farmers Insurance Group.
The company offers life, health and disability insurance products to individuals, families and businesses. It has a presence in more than 20 countries worldwide. The company has about 17,500 employees across 6 continents
The Hartford Insurance
The Hartford was founded by Edward O. Litchfield in 1814, when he started the Hartford Fire Insurance Company. Over time, The Hartford expanded its operations to include a variety of insurance companies and services, including life insurance, disability insurance and annuities.
The company is one of the largest property-casualty insurers in the United States. As of 2017, The Hartford had over $15 billion in assets under management and more than 700 employees across its North American operations in Hartford, Connecticut; San Antonio, Texas; and Lincolnshire, Illinois.
The Hartford offers several types of insurance coverage for individuals and families. These include:
Auto Insurance: This type of coverage protects your car against damage or theft caused by an accident with another vehicle or object like a tree branch or rock. It also covers fire damage to your vehicle should it get into an accident while parked outside your home or office building.
Homeowner’s Insurance: This type of coverage protects you against financial loss if your house is damaged or destroyed by fire, vandalism or natural disaster such as a hurricane or earthquake. Homeowner’s insurance also provides additional protection if you purchase flood insurance through The Hartford.
American International Group Insurance
American International Group (AIG) is a multinational insurance company based in New York City, and it was founded by John Patrick Ryan Jr., who later became its chief executive officer. The company was originally known as the Industrial Risk Insurers Association until it was renamed American International Group Incorporated on November 8, 1920. AIG has more than 400 offices around the world and more than one million employees worldwide as of 2015. It offers commercial property casualty insurance, specialty products for specialists including workers’ compensation and industrial accident coverage, life insurance products for both individuals and businesses including fixed term life policies and variable life policies, health care services through AIG Health Care Solutions Inc., auto insurance through American Family Mutual Insurance Company
Liberty Mutual Insurance
The USA and one of the largest mutual insurers in the world with more than 60 million policies. The company was founded by James J. Hill and George F. Baker and has been headquartered in Boston since 1930. Liberty Mutual has been ranked as a top insurance company in 23 different studies, including a number of different rankings for customer satisfaction, financial performance, and overall value for money.
Liberty Mutual has a global network of over 1,100 offices in 48 countries around the world. The company also operates several subsidiaries including Liberty Life Insurance Company of New York, Liberty National Life Insurance Company of America, Liberty Personal Insurance Company of New Jersey and Liberty Bank & Trust Company (Liberty Bank).
Progressive is one of the biggest insurance companies in the world and has been serving customers for over 100 years. It has been ranked as the number one insurer in the United States for many years and also tops many other countries lists as well.
The company offers a wide variety of products from auto insurance to home, business and life insurance. It also offers financial products such as annuities, mutual funds, variable rate bonds, variable life insurance plans and variable universal life insurance plans.
Progressive Insurance Company was founded by the Duryea brothers in 1905 when they started a small company that specialized in fire protection services. The company has grown into one of the largest insurers in America today with over 25 million policies insured by Progressive Insurance Company!
Insurance is just a part of being a responsible driver. If you want to be safe,. There are numerous insurance companies out there which offer different kinds of services. However, choosing one that fits in your budget and needs may take a lot of time because there are so many options available.
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