List of Car Insurance Companies and Their Ratings (2024)

More than 7,000 insurance companies do business in the U.S. Here are the best ones for your personal car insurance.

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Choosing the best car insurance company can seem overwhelming with all the options available. Not every car insurance company is right for every person, either — the one that’s best for you may be different from your neighbor’s.

Insurify put together a list of companies to help you compare car insurance quotes and reviews. Whether you’re looking for the cheapest car insurance premiums or the best customer service, this list will help you quickly sort through the options to get what you need.

Quick Facts

  • The largest insurance company is State Farm.

  • NJM and USAA are tied for the best insurance company.

  • The insurer with the cheapest rates is COUNTRY Financial.

National insurance companies

Regional insurance companies

Top 5 largest car insurance companies

It may seem like you see an advertisement for a new insurance company every day. However, the list of car insurance companies that have withstood the test of time is much smaller. These companies have survived by changing their business models over time.

Liberty Mutual, for example, originally launched in 1912 to underwrite workers’ compensation insurance policies for businesses. GEICO famously started by serving government and military employees in 1936. But by 1996, Warren Buffet’s investment firm Berkshire Hathaway had purchased the company, and it now provides policies to the general public.

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The 5 best auto insurance companies

Insurify compiled a list of car insurance companies that balance lower-than-average full-coverage premiums, high Insurify Quality Scores, strong customer satisfaction ratings, and stable financial outlooks.

Insurance CompanyAverage Monthly Quote: Full CoverageInsurify Quality Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NJM$754.5
USAA$1524.5
State Farm$1754.4
American Family$2274.3
GEICO$1784.3
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

NJM

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User Reviews
3.8
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$33/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$54/mo

NJM launched in 1913 to provide workers' compensation to New Jersey businesses. In 1921, the company added auto and homeowners insurance. Today, NJM also sells renters, condo, umbrella, watercraft, motorcycle, and ATV insurance in Connecticut, Maryland, Ohio, and Pennsylvania, as well as in New Jersey. A.M. Best gives the company an A+ rating, and NJM has a much lower than expected number of consumer complaints with the National Association of Insurance Commissioners' Consumer Complaints Index.

Pros

  • High scores from J.D. Power for customer satisfaction

  • Numerous discounts available to help lower rate

Cons

  • Only available in five states

  • Cheaper rates may be available elsewhere

Read more driver reviews of NJ Manufacturers
Grigoriy - June 1, 2024
Verified

Just after money, but found another. Now they're all together

They are very expensive. It's not clear why?
James - May 17, 2024
Verified

Excellent

Shop around for price.
Rodney - March 6, 2020
Verified

Average

They were expensive, but they honored a claim.

USAA

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User Reviews
3.7
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$46/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$100/mo

In business for more than 100 years, USAA exclusively serves members of the military and their immediate families. The company offers multiple types of insurance products, as well as banking, investing, and retirement services. Auto insurance customers have access to a number of discounts, including for bundling, insuring multiple vehicles, living on a military base, and more. A.M. Best gives USAA an A++ rating for financial strength, and the company had the highest or second-highest rating of all insurers in every region in J.D. Power’s Overall Customer Satisfaction Index. Customer reviews are mixed for service and claims processing.

Pros

  • Low premiums

  • SafePilot program rewards good driving with up to 30% discount

Cons

  • Only available to active-duty military, veterans, military spouses, or children of service members or veterans

  • No 24/7 customer phone support

Read more driver reviews of USAA
Charles - July 23, 2024
Verified

Average

The rates are way too high.
Ralph - July 22, 2024
Verified

No Answer

There is no senior discount available.
Wilfred - July 22, 2024
Verified

Issues Encountered with USAA

A few years ago, a minor male bicyclist collided with my car, which my wife was driving at the time. She was leaving a large intersection with a green light when the bicyclist, who was riding in a pedestrian lane, appeared from behind a stopped box truck that obscured his approach. The local police department in Belmont, MA, was called and the Traffic Control Officer wrote up the accident report, clearing my wife of any responsibility. I forwarded this report to USAA. However, when I applied for increased motor vehicle insurance coverage about a year later, I was denied. USAA cited the accident with the bicyclist as a chargeable accident against my wife, despite the police report, and they had never informed us about this. I was never able to resolve this issue. Another incident occurred on December 14, 2023. I wired $60,000 to USAA for a 7-month CD and received a receipt acknowledgment. However, on the same day, the deposit was withdrawn without any direct notice to me, except for a normal monthly bank statement reflecting the withdrawal without any explanation in mid-January. It took about 9 days for USAA to resolve the issue and return the $60,000. This was a very stressful 9 days for me, and I never received an apology or explanation. Trying to reach someone with authority through numerous phone calls was literally impossible. It took a two-page business letter with 7 enclosures to get the CEO's right-hand woman to take action and return the $60,000 to my credit union. As for insurance rates, we own, register, and insure two cars that are driven about 10 miles per week on average, sometimes 100 miles on a Saturday to visit our daughter. However, it seems that we do not receive any discount for this.
…

State Farm

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User Reviews
3.2
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$55/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$120/mo

State Farm has been in business for more than 100 years, and today sells auto and other vehicle insurance, homeowners, life, health, pet, disability, and small business insurance. Available in all 50 states, State Farm car insurance policies offer multiple ways to save, from customizing coverage types, to a robust list of discounts. The company has far fewer complaints than expected for the industry, according to the National Association of Insurance Commissioner’s Consumer Complaints Index. State Farm also ranks among the top 10 companies for customer satisfaction in every region on the J.D. Power Overall Customer Satisfaction Index.

Pros

  • High rates of customer satisfaction

  • Rideshare insurance available

Cons

  • No gap insurance offering

  • May not be the cheapest choice for drivers with violations

Read more driver reviews of State Farm
Robert - July 25, 2024
Verified

Upsetting

The initial representative lied to me about the price of the policy. I'm paying $30 more a month than was quoted.
Matthew - July 25, 2024
Verified

Abandoned by State Farm

It was a negative experience. After 15 years with the company, I was dismissed due to two car accidents on my record, both of which had been previously reported as not my fault. They refused to communicate with me afterwards. I would advise others to consider this before choosing State Farm.
Janet - July 25, 2024
Verified

Too High

I have had State Farm for 5 years and have been very happy until this last renewal. My full coverage insurance jumped up by $400. This is why I keep looking for cheaper insurance.
…

American Family

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User Reviews
3.4
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.1/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$77/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$171/mo

Founded in 1927 in Madison, Wisconsin, American Family Insurance offers more than a dozen types of insurance in 18 states throughout the midwestern and western U.S. The company has an excellent rating from A.M. Best for both financial strength and credit. American Family stands out for its high rate of customer satisfaction, with largely positive online consumer reviews and a well below-average number of complaints in the National Association of Insurance Commissioners Consumer Complaint Index. American Family offers car insurance policyholders 16 different discounts to help lower their rates.

Pros

  • High rates of customer satisfaction

  • Numerous discount and coverage options

Cons

  • Only available in 18 states

  • Rates are merely moderate compared to other insurers

Read more driver reviews of American Family
Celeste - July 23, 2024
Verified

Rates Keep Going Up

Outstanding customer service, but the rates are high.
Kathy - July 22, 2024
Verified

My American Family Experience

It's been wonderful. However, the premiums have become too high. I would have stayed if not for this. I had been with them for over 20 years.
Shannon - July 15, 2024
Verified

Needs Better Office Management

The agent I was assigned to, after my previous agent left, lacked professionalism and bedside manners. However, the corporate office was great to work with.
…

GEICO

Compare personalized, real-time quotes
User Reviews
3.1
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$56/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$122/mo

A highly recognizable name in car insurance, GEICO is a subsidiary of Berkshire Hathaway. The company started out as the Government Employees Insurance Company, serving U.S. government workers and military personnel. In addition to auto insurance, GEICO also sells homeowner, flood insurance, life insurance, business insurance, and identity protection, among other products. A.M. Best gives GEICO its highest rating for financial stability and credit. However, GEICO has nearly twice as many complaints as expected in the National Association of Insurance Commissioner’s Consumer Complaints Index.

Pros

  • Good rates for good drivers, seniors, and young drivers

  • Accident forgiveness available

Cons

  • High rates for drivers with certain violations, like DUIs

  • No rideshare or new car replacement coverage available

Read more driver reviews of GEICO
Judy - July 25, 2024
Verified

The employees are not adequately trained for their job. That's why I recently stopped using their services. I regret having to say this.

The employees are not adequately trained for their job. That's why I recently stopped using their services. I regret having to say this.
Judy - July 25, 2024
Verified

Poor Mobile App

The mobile app was disappointing. After multiple attempts, we decided to cancel.
Matthew - July 25, 2024
Verified

Geico is Expensive but Offers Great Service

It's expensive, but the service is awesome.
…

How Insurify rates car insurance companies

Insurify uses an in-house, proprietary method to rate and review the best car insurance companies. The Insurify Quality (IQ) Score uses more than 15 crucial criteria, including average premiums, customer satisfaction, discounts, and third-party ratings, to calculate a final score for a company.

Criteria are weighted by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings. With the IQ Score, Insurify is able to provide quantitative ratings for drivers to better compare car insurance companies and make informed decisions to meet their coverage needs.

The 5 cheapest car insurance companies

You’re required to purchase at least a minimum level of liability coverage in most states in order to legally drive. It’s a good idea to consider higher coverage levels if you have the budget for it, but you must meet your state’s liability minimums. The cheapest car insurance companies for liability-only coverage are COUNTRY Financial, NJM, and Auto-Owners, each with liability premiums of less than $100 a month.

Insurance CompanyAverage Monthly Quote: Liability Only
COUNTRY Financial$60
NJM$63
Auto-Owners$76
USAA$106
Erie$107
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

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How much does car insurance cost?

Car insurance companies base their prices on many factors, so you may get car insurance quotes that differ from the average rate. Here are a few factors that car insurance companies use to price your premiums:[1]

  • Your car: You may pay higher rates if you drive an older vehicle with fewer safety features, if you put a lot of miles on your car, or if your car is an expensive model that would cost more to repair or replace.

  • Your credit score: In most states, insurance companies can use your credit score to calculate your rates and decide whether it’ll allow you to buy a policy.

  • Coverage amounts: Full-coverage insurance costs more because it adds collision and comprehensive coverage to your policy. For example, State Farm and The General charge an average of $50 and $192 more per month, respectively, for full coverage than for liability-only insurance.

  • Demographic information: Insurers charge higher premiums for younger drivers, men, single people, and people who live in urban areas with higher rates of theft and car accidents.

How much car insurance should you have?

This is one of the trickiest questions to answer because there’s no way to definitively tell what amount of car insurance is correct. It’s a matter of weighing your risks versus the cost of the insurance.

If you’re financing your car, the answer is a bit easier: Most lenders require you to purchase a full-coverage policy since they have a financial interest in your car.[2]

A financial advisor may be able to help you determine how much car insurance you need. Nycole Freer, certified financial advisor and owner of Eden Financial, specializes in helping mothers and young professionals achieve their financial goals. She recommends that her clients purchase a full-coverage policy and max out their liability coverage to $500,000 to provide the most financial protection possible.

“You don’t want to be in a position where [you] get into an accident and are underinsured,” says Freer. “That could put you into a financial hole you don’t want to climb out of.” 

If you cause an accident, insurance will only pay up to your coverage limits, and you’re responsible for the rest.[3]

How to choose a car insurance company

The list of car insurance companies seems endless, but you can quickly zero in on the best options by following a few tips:

  • Research reviews. Look at various review websites to get an idea of which companies people choose, how much they charge, and what their pros and cons are.

  • Work with a broker. An independent insurance broker works with multiple companies and can do the legwork for you in terms of finding the best quote with the best auto insurer.

  • Be clear on your insurance needs. Most people do just fine with standard car insurance options, but it’s worth thinking about your situation. Are there any features you’d really prefer in a company or any certain types of coverage options you need? This can be a quick way to narrow down the field.

Ways to save on car insurance

Car insurance can get expensive. In 2022, the average person spent more than $1,500 on car insurance, according to AAA.[4] Fortunately, you have options to lower your car insurance costs:[5]

  • illustration card https://a.storyblok.com/f/162273/x/38dc81ba93/drive-1.svg

    Drive safely

    Many insurers offer telematics devices or apps that record your driving and offer lower rates if you’re a safe driver. Driving safely also means you won’t need to pay a deductible, and it prevents your rates from increasing at the next renewal. Many insurers also offer safe driver discounts.

  • illustration card https://a.storyblok.com/f/162273/x/abffe6238f/financial-protection.svg

    Choose a higher deductible

    Higher deductibles come with smaller premiums, but be sure you can easily pay the deductible up front if you file a claim. “I wouldn’t have a deductible over $1,000 until you can afford a deductible that is higher,” says Freer.

  • illustration card https://a.storyblok.com/f/162273/x/fa11c1fe75/comparison-website.svg

    Shop for car insurance quotes

    The more companies you get a quote with before renewal time, the better your chances of finding a company that offers the same coverage for a cheaper price.

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Car insurance companies FAQs

Insurify answers commonly asked questions about car insurance companies. However, you can do more research before you buy a policy. Read Insurify guides about how to shop for auto insurance and how to switch your car insurance.

  • Who are the three largest insurers?

  • What’s the best car insurance company?

    With a tied IQ Score of 4.5, both USAA and NJM rank as the best car insurance companies in the U.S. due to their affordable rates and high customer satisfaction scores.

  • What’s the cheapest auto insurance company?

    COUNTRY Financial is the cheapest auto insurance company, with an average monthly premium of just $60 for a liability-only policy.

  • Can you switch insurance companies?

    Yes, you can switch insurance companies. It’s good to consider if you’re getting close to the end of your current policy and if you can get a quote from a company that offers cheaper rates and better coverage.

  • What do you need to get a car insurance quote?

    In addition to your personal information, you’ll need your car’s VIN, mileage, make, and model in order to get a rate quote. If you currently have car insurance, you can use your current declarations page as a cheat sheet for your current coverage types and amounts so you can get a quote for a comparable level of coverage.

Sources

  1. NAIC. "Consumer Shopping Tool for Auto Insurance."
  2. III. "Auto insurance basics—understanding your coverage."
  3. III. "How much auto coverage do I need?."
  4. AAA. "Your Driving Costs 2022."
  5. III. "Nine ways to lower your auto insurance costs."
  6. NAIC. "2022 Top 25 Groups and Companies by Countrywide Premiums."
Lindsay VanSomeren
Lindsay VanSomeren

Lindsay VanSomeren is a freelance personal finance writer living in Suquamish, WA. Her work has appeared with FICO, Credit Karma, The Balance, and more. She enjoys helping people learn how to manage their money better so they can live the life they want.

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Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto

  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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