The largest car insurance companies

Wondering which of the auto insurance companies are the biggest? It's not hard to see that these insurance companies are pretty big and there's tons of money to be made in the auto insurance industry. The most obvious signal is how much they all spend on advertising. Almost every commercial break you see on TV has an ad for auto insurance. Let's take a look at which companies are the biggest heavyweights in the United States:

#1 Mutual Car Insurance Company - In their advertisements they boast that they have more customers than Progressive and Geico. This fact is true and they are the largest of any auto insurance provider out there. They almost write more premiums than the next two competitors combined. This can be important when considering which auto insurance company to work with. You want to make sure they have enough financial stability to cover the costs of any claims you file. A long history also shows that they are established and not threatened with extinction. They've been around since 1922 and they don't look like they're going anywhere anytime soon.

#2 Allstate - The next largest company is Allstate and they've been around almost as long as the Champion. Her "you're in good hands" ads have been running for decades and she still uses them today. Although they don't have as much revenue as their biggest competitor, they have larger total assets, so they're just as financially stable.

#3 Progressive - One of the newer car insurers is progressive and gained its market share with a clever advertising campaign that promised to show its rates as well as the rates of the other companies. This was something that had never been done and getting insurance premiums used to be a big hassle. By providing a centralized way for people to get all companies' rates, they provided a sense of value and were able to attract new customers.

#4 Geiko - A relative newcomer, Geico has garnered a steady stream of new customers due to its catchy ad (the gecko). Their parent company is Berkshire Hathaway, Warren Buffet's company, so you know they're not short on cash. They can also be rest assured that they are well run and provide their investors with a healthy return.

It can be difficult to get accurate numbers on these companies as they don't just offer car insurance. Each of these providers have additional revenue streams from home and life insurance. Auto insurance size is just one of the factors to consider when looking for coverage. You should also look at their reviews and ratings and see which ones.

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