Looking to buy insurance in the United States? Although there are many agencies that offer coverage for everything from property damage to accidental death, not all insurance agencies are the same. Some are better than others at tailoring their plans to fit your needs and keeping your premiums low while also covering you if you need help. The 20 insurance agencies below excel at these tasks and more, making them some of the best insurance agencies in the USA.
Geico Auto Insurance
Geico is one of 20 insurance agencies based in America. It was founded by Leo Goodwin and Lillian Goodwin. The Geico headquarters are located at 1000 Wilson Blvd., Arlington, VA 22209-4035. Geico’s corporate headquarters are three miles from Washington D.C. Despite being American-based, Geico has customers across all 50 states and Mexico, Canada, and Australia as well; it sells policies to more than 11 million people around the world, making it one of America’s largest auto insurers. The company operates more than 5,000 offices and over 500 service centers in 16 states across these countries, making it an international operation with a strong domestic base as well.
Progressive Auto Insurance
Progressive is one of America’s largest auto insurance companies, providing coverage to more than 13 million motor vehicle owners around the country. Headquartered in Mayfield Village, Ohio, Progressive provides flexible policy options such as add-ons and special features including theft protection and accident forgiveness. The company has won a number of awards for customer service excellence, including J.D. Power’s 2011 and 2010 U.S. Insurance Satisfaction StudySM Award for Highest in Customer Satisfaction with Auto Insurance. Their online tools make it easy to shop for a policy on your computer or mobile device and have been lauded by InsuranceQuotes .com as top of their class when it comes to ease of use.
Allstate Auto Insurance
Allstate is one of the most well-known insurance companies and has been around for over 80 years. While many people have heard of Allstate, it’s a good idea to be familiar with some of its services if you’re looking to find an auto insurance agency. In addition to providing auto insurance, Allstate also offers additional products including life insurance and homeowner’s insurance. They also provide motorcycle, boat, ATV, and RV insurance. While they are one of America’s best-known brands with over 18 million customers, Allstate can be considered a more mid-range option that appeals to those looking for affordable coverage at fair prices.
Esurance Auto Insurance
Esurance is one of America’s largest online auto insurance agencies. Esurance specializes in providing inexpensive car insurance for people with poor driving records, as well as low-cost options for high-risk drivers. Esurance has garnered a reputation for offering auto insurance at affordable rates and for standing behind its promises. The company aims to provide 24/7 customer service and claims, so it offers policies from 20 companies nationwide so that you have a variety of options to choose from. If you’re looking for cheap car insurance without sacrificing quality or customer service, then Esurance may be your best bet.
Nationwide Auto Insurance
Nationwide offers a range of auto insurance options and while they are more expensive than many other providers, they have been listed as one of the top 5 most affordable companies by Forbes. As well as covering your car, you can add cover for motorcycles, RVs, and trailers – though there are no age limits to these policies. If you want even greater peace of mind, you can include additional features such as stolen vehicle recovery or a legal assistance helpline. Nationwide offers a choice of three different price plans for its clients depending on their needs. In addition to auto insurance, Nationwide also has health insurance policies for individuals and groups (with Aetna) as well as property and casualty insurance services.
Liberty Mutual Auto Insurance
Liberty Mutual offers car insurance, home insurance, and many other types of coverage to customers. It’s one of the biggest names in insurance and has been around for more than 130 years. If you want a company that isn’t going anywhere, Liberty Mutual is a good choice. As part of its services, it can help you if your car or home is damaged by natural disasters like hurricanes and earthquakes. If you live near a particularly dangerous fault line (California) or are susceptible to weather events (Florida), Liberty Mutual could end up being a great option for you.
State Farm
Headquartered in Bloomington, Illinois, State Farm is one of America’s most popular insurance agencies. But even those who aren’t familiar with financial services know their famous marketing strategy – a series of commercials featuring The Gecko. The Gecko can be heard narrating or singing their jingle Like a good neighbor, State Farm is there. The company is also known for its reputation for excellent customer service and for using technology to improve interactions between customers and agents. It was recognized as one of Fortune magazine’s Most Admired Companies by Market Watch among other prestigious awards.
Farmers Auto Insurance
Farmers Insurance Group of Companies is a U.S.-based insurer that has partnered with drivers for more than 90 years to provide coverage for cars, homes, and small businesses. Farmers offer insurance products through independent agents and financial advisers and have operations in 20 states. The company also sells life insurance, annuities, and homeowners’ coverage as well as provides international property-casualty insurance services to individuals who are traveling outside the United States. Farmers’ auto policy covers liability and collision costs when an insured driver causes bodily injury or property damage to others due to vehicle accidents. If you have an at-fault accident, your rates may increase if you don’t have enough uninsured motorist coverage or personal injury protection coverage for yourself or your passengers under Illinois law.
Amica Auto Insurance
Amica is one of 20 insurance agencies that serve customers throughout all 50 states. Headquartered in Lincoln, Rhode Island, Amica has over 675 offices nationwide and maintains a staff of 2,000 employees. Founded by three Rhode Island residents—Warren Hall, Phil Davit, and Gus Mancuso—in 1984, Amica has grown to become one of America’s largest auto insurers. With an A-plus rating from AM Best Company for financial strength and a 9.2 out of 10 customer satisfaction rating on Insureon’s scale, Amica offers coverage from standard to collector cars as well as RV plans. The company also works with high-risk drivers through its specialty department.
Erie Auto Insurance
Erie is a prominent auto insurance provider, serving both personal and commercial customers. Erie provides a range of competitively priced auto insurance options, including liability coverage for bodily injury, property damage, and medical payments arising from an accident. Erie also offers some unique optional coverages that can be particularly valuable to new drivers or students with cars on their parent’s policy—like rental reimbursement and alternative transportation (if your car is at fault in an accident). As a customer, you’ll have access to 24/7 roadside assistance through Erie. For commercial clients who need cargo-specific insurance coverage as well as workers’ compensation policies, Erie can help you out there too.
21st Century Auto Insurance Company
The 21st Century Auto Insurance Company has been providing low-cost insurance for drivers since 1990. The company offers lower rates than many other insurance companies, but its policies also come with higher deductibles and more restrictions. Because it’s not a full-service insurance agency, 21st Century only sells liability and property damage coverage; accident and comprehensive coverage are not available. This policy is a great option for drivers who have had accidents or tickets in recent years, as high-risk drivers aren’t often accepted by standard insurers.
Travelers Companies, Inc. (TRV)
Travelers Companies, Inc. provides various insurance and financial services products and services for personal customers, small-to-medium sized businesses, and institutional customers primarily in North America. Travelers Companies has a market cap of $23.8 billion and is part of the financial sector. The company has a P/E ratio of 8.1, below the S&P 500 average of 13.5. Shares are up 2% year to date as of May 3, 2017. They currently have a dividend yield of 3%. The payout ratio is 34%.
Mercury General Corporation (MCY)
Mercury is a direct writer and provider of personal lines insurance products and services. The company writes a variety of home, auto, boat, recreational vehicle (RV), motorcycle, umbrella, and homeowners insurance policies. Mercury General also offers other services such as personal loans and credit cards to its customers through its wholly-owned subsidiary Auto-Owners Insurance Company. As a publicly-traded company (NYSE: MCY), Mercury General serves more than 2 million policyholders through offices located throughout Georgia, South Carolina, Florida, Alabama, Louisiana, and Missouri.
Hartford Financial Services Group Inc. (HIG)
Hartford was founded as an insurance company for farmers and is now based in Hartford, Connecticut. Hartford provides insurance and investment services to individuals, families, businesses, and institutions worldwide. The Company offers property and casualty (P&C) insurance products through its Allstate Insurance Company subsidiary. The P&C segment provides personal lines auto insurance, homeowners’ coverage, specialty coverages including medical professional liability (MPL), general liability (GL), workers’ compensation (WC), farm owners multi-peril crop insurance (FOMPI) along with related service contracts.
Allied World Assurance Company Holdings, Inc. (AWH)
AWH is one of 20 insurance agencies in the USA, based on total assets and market capitalization. AWH was established as a subsidiary of AXA Equitable Holdings (AXA-EHI), an American insurance holding company that also owned AXA Equitable Life Insurance Company and AXA Advisors, Inc. In December 2010, both businesses separated under their own names. The former AWH became known as Allied World Assurance Company Holdings, Inc., while AXA Equitable Life and its subsidiaries became AXA Equitable Financial Services. AWH is incorporated in Bermuda with its headquarters located on 200 Park Avenue in New York City. The company offers commercial lines property/casualty coverage throughout most major markets around the world.
Chubb Limited (CB)
Chubb Limited is an insurance company based in New York. It was founded in 1882 and offers products to businesses, individuals, and municipalities. The company provides commercial property & casualty coverage; personal lines such as home, auto, and specialty risks including umbrella coverage; consumer markets; excess & surplus lines; reinsurance; financial services, and asset management services. Chubb Limited has more than 900 offices worldwide and $74 billion in assets under management. Chubb has an A+ rating from A.M. Best Company’s Insurance Financial Strength Ratings (IFSR). Chubb shares are traded on NYSE under the CB ticker symbol as well as over-the-counter (OTC) where it trades as CBGTF shares.
Markel Corporation (MKL)
Markel Corporation is a large US insurance company that is listed on NASDAQ. The stock has a P/E ratio of 19.2 and a price-to-book ratio of 3.5, which makes it rather cheap compared to its competitors. The company’s total assets come to $19.3 billion, while its total equity stands at $9.1 billion – excellent figures compared to some other major corporations in the industry like Travelers (TRV), with just $18 million worth of assets and Enterprise Group (EGP), with almost no assets at all ($0). Overall, Markel Corporation looks like an excellent business that provides investors with high returns on their investments, particularly over long periods of time such as 10 years or more.
United Services Automobile Association (NYSE)
USAA, founded in 1922, is an insurance and financial services company that primarily serves active and retired military personnel. USAA provides banking, investments, home loans, auto insurance, life insurance, and other services to over 12 million customers. The company employs nearly 30,000 people across its 11 locations nationwide. As of 2015, USAA had nearly $29 billion in assets. It has consistently ranked among Fortune’s 100 Most Admired Companies for decades. When you want to choose between 20 Insurance agencies, look no further than United Services Automobile Association (NYSE) for your insurance needs.
Berkshire Hathaway family
One of America’s largest insurance agencies, Berkshire Hathaway was founded by legendary investor Warren Buffett and business partner Charlie Munger. Today, it holds a number of popular brands including GEICO, Duracell, and Benjamin Moore. This family-owned company has an A+ rating with BBB and is headquartered in Omaha, Nebraska. It operates through a number of subsidiaries including Sanborn Map Company Inc., NetJets Inc., and BNSF Railway Co. The company offers homeowners insurance, auto insurance, car insurance, life insurance, business owner’s policy (BOP) coverage, and umbrella coverage.
CNA Financial Corporation (CNAF)
3.6% (Annualized) – GEICO is an old, established company with a solid reputation for low-cost, good-quality insurance policies. CNA Financial Corporation (CNAF): 3.8% (Annualized) – CNA is one of many midsize insurance companies that offers a range of different services to its customers. Erie Insurance Group Incorporated (ERIE): 4.7% (Annualized) – Erie focuses on personal auto and homeowners insurance policies, as well as offering small commercial policies to customers across America. Progressive Corporation (PGR): 4.7%(Annualized) – Progressive sells auto, home, and business insurance directly to its customers through independent agents in all 50 states.
Universal American Corp. (UAMC)
Universal American Corp. is a holding company, which engages in managing health benefit plans and insurance services. It operates through two segments, Health Benefits Administration and Insurance Operations. The Health Benefits Administration segment manages employer-sponsored and individual health benefit plans under both company-funded programs and self-funded programs. The Insurance Operations segment provides general line coverage to business owners, public entities, entities with more than 10 employees, as well as groups and individuals through Independent Producer Agents (IPAs). Universal American was founded by Jeffery A. Goldstein on January 2, 2000, and is headquartered in Miami Beach, FL. ()
Conclusion
Insurance agencies are a vital part of running a business and that is especially true when dealing with risk management. One mistake can jeopardize everything you have worked so hard to build, so it is best to work with an insurance agency that will go above and beyond your expectations. Of course, not all insurance agencies are created equal and it can be hard to know which ones are right for you. To help figure out which insurance agencies are best for you, we’ve compiled a list of 20 top-rated companies across America; choose one that meets your needs and put yourself at ease knowing that your business, cars, and home are protected by one of these great companies.