10 most purchased car insurance companies in the U.S. in 2025, based on market share and premium volume
10 most purchased car insurance companies in the U.S. in 2025, based on market share and premium volume
🇺🇸 Top 10 U.S. Car Insurance Providers in 2025
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State Farm – ~18.9% market share, $66–68 B in premiums written Barron’s+15CoinLaw+15The Zebra+15The Sun
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Progressive – ~16–17%, ~$56–60 B in premiums
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GEICO (Berkshire Hathaway) – ~11.6–12.3%, $41–42 B Forbes+11CoinLaw+11CoinLaw+11
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Allstate – ~10.2–10.7%, ~$32–36 B Fox Business+7CoinLaw+7Forbes+7
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USAA – ~5.9–6.2%, $19–22 B (military families only) LendingTree+12CoinLaw+12Forbes+12
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Liberty Mutual – ~4.2–4.9%, ~$12–13 B Bankrate+5Forbes+5Fox Business+5
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Farmers – ~4.2–4.6%, ~$12–13 B
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Travelers – ~2 %, ~$6–7 B MoneyGeek.com+4Forbes+4The Zebra+4
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American Family – ~2.1 %, ~$5–6 B MoneyGeek.com+9Forbes+9Beinsure+9
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Nationwide – ~1.7%, ~$5–5.4 B Barron’s
💡 Why These Top 10 Matter
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The top four companies—State Farm, Progressive, GEICO, and Allstate—dominate over half of the U.S. auto insurance market The Sun+15Fox Business+15Compare.com+15.
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The top 10 collectively hold ~75–77% of the market, with the remaining share spread among hundreds of smaller insurers .
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These leaders are known for their strong financial ratings (typically A+ or A++), broad coverage, and effective digital tools MoneyGeek.com+2Bankrate+2Fox Business+2.
📌 Spotlight on the Big Three
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State Farm (18–19% share): the largest U.S. auto insurer, writing nearly $68 B in premiums in 2024–25 The Zebra+7CoinLaw+7Fox Business+7. Known for strong customer satisfaction and extensive discounts.
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Progressive (16–17% share): innovative with digital tools like Snapshot usage-based insurance programs; recent profit growth and strong underwriting results Bankrate+1The Sun+1MoneyGeek.com+6CoinLaw+6thagency.com+6.
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GEICO (11–12% share): Berkshire Hathaway-backed, cost-effective, strong digital platform; profitable turnaround but still third in share .
🔍 Market Trends in 2025
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Rate moderation ahead: Following steep hikes in past years, many insurers plan moderate or reduced rates in some states Barron’s.
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Profit boom: GEICO and Progressive are reporting solid underwriting profits, leading to improved financial health Beinsure+2Barron’s+2Barron’s+2.
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Cost-saving tips from insurers: State Farm offers six discount strategies—safe driving, good student rates, app use—to reduce premium up to 25% The Sun+1AP News+1.
🧭 Choosing the Right Insurer
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Budget-focused? GEICO or Progressive often offer lower base rates.
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Value personal service & agents? State Farm, Allstate, Farmers, Nationwide are strong on in-person support.
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Military family? USAA is unmatched in pricing and service—but exclusive to military affiliations.
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Want extras? Travelers and American Family provide niche benefits like accident forgiveness and new-car replacement.
