Best Car Insurance

5 Car Insurance Companies that Americans Proudly Call Their Own

If someone asked you what best defines being an American, owning a vehicle would probably be somewhere on the top of that list. Everybody drives, and every one of those drivers has to have car insurance. It may not come as a surprise that many of the most successful and trusted household car insurance companies were home grown in the good old USA.

  1. Progressive: Progressive Casualty Insurance Company was co-founded in 1937 by Jack Green and Joe Lewis. The visionary company holds three U.S. patents for their “pay as you drive” policy, which offers usage-based insurance to drivers. Additionally, the “Snapshot” program offers customer discounts to those willing to share their driving habits with Progressive. Progressive is also making waves with their “Name Your Price” system, where drivers can start online quotes and later adjust prices to secure insurance packages within their means. Some fast facts about Progressive:
    • One of the largest commercial vehicle insurers, and number one truck insurer in the U.S.
    • Differentiate themselves with their promise to be faster and more cost-conscious than competitors
    • Give back with programs like the Progressive Insurance Foundation and support the Insurance Institute for Highway Safety
    • Holds A+ financial rating from A.M. Best, Aa2 from Moody’s and an AA- from Standard & Poor’s
  2. Allstate: Allstate rewards safe driving and banks on their excellence in customer service and assistance to remain a top player in the industry. This is made evident by their slogan “You’re in good hands with Allstate.” They offer a “Claim Satisfaction” guarantee with every policy, which ensures that unsatisfied customers obtain a credit on their premiums that is good for as long as six months. They also offer a safe driving program for teens that gives special rewards for registering and playing “safe driver” games. You can contact an agent via phone, email or online, 24 hours a day and seven days a week. Key company aspects:
    • Fortune 100 company that sells 13 major lines of insurance
    • The nation’s largest publicly held personal lines insurer
    • Founded and publicly-traded in 1931
    • Holds an Aa3 financial rating from Moody’s, an A+ from A.M. Best and an AA- from Standard & Poor’s
  3. GEICO: The Government Employees Insurance Company was popularized by its mass-production of television commercials and advertisements and its mascot, a cute little Gecko with a Cockney accent. GEICO relies heavily on advertisements to stay at the top, a trade-off for doing without independent insurance agents. Popular commercials have featured cavemen, eyes on a stack of money accompanied by the song “Somebody’s Watching Me” by Rockwell, and appearances by actor Mike McGlone. GEICO was originally founded in 1936 to serve government employees, but has since expanded to sell insurance to the general public. Fun facts about GEICO:
    • Offers special discounts to U.S. military officials
    • The third-largest direct writer of private auto insurance in the U.S.
    • Provides coverage to more than seven million motor vehicles owned by more than 10 million policy holders in 50 states
    • Holds AA+ financial rating from Standard & Poor’s, an Aa1 from Moody’s and an A++ from A.M. Best
  4. Liberty Mutual: The third-largest property and casualty insurer in the U.S., Liberty Mutual’s biggest selling point is safety. Liberty Mutual introduced the seat belt in 1957, distributes safety materials to driver’s instruction classes through their teen driving program, are partners of SADD (Students Against Destructive Decisions), and established the Research Center for Safety &amp Health. They offer comprehensive insurance packages to the public which include optional accident forgiveness, better car replacement, guaranteed repairs and multi-policy discounts. Interesting Liberty Mutual facts:
    • Was 86th on the Fortune 500 companies list in 2009
    • The “Give With Liberty” program enables employees to donate to charitable organizations while Liberty Mutual matches 50 cents to each dollar.
    • Holds an A financial rating from A.M. Best, an A2 from Moody’s and an A- from Standard & Poor’s
  5. State Farm: Retired insurance salesman George Jacob founded State Farm in 1922 on the principles of integrity and trust, resulting in the slogan “Like a good neighbor, state farm is there.” State Farm is the nation’s number one auto insurer since 1942 and is the largest insurer in the world. They have numerous philanthropic, safety, and environmental programs in place, including the State Farm Catastrophe Services and Good Student discount programs. Noteworthy achievements include:
    • Numerous employer awards received between 2010 and 2012, including the 2012 Top 100 Most Military-Friendly Employer award
    • First insurer to sponsor a major feature film in 2006: Disney/Pixar’s “CARS”
    • Holds financial ratings of A++ from A.M. Best, AA from Standard & Poor’s and an Aa1 from Moody’s
    • Customer ratings on their website show that 248 out of 362 customers (69 percent) recommend State Farm