The Top 5 Largest US Auto Insurance Companies

Many Americans search for the largest US auto insurance companies because they are curious, or would rather spend their money with a big player in the insurance game. Larger auto insurance companies can at times offer cheaper rates due to more diverse product offering and better management.

Top 5 Car Insurance Companies

Here are the top auto insurers:

• 1. State Farm Mutual Group
• 2. Allstate Insurance Co. Group
• 3. Progressive Casualty Insurance
• 4. National Indemnity Co. Group (Berkshire Hathaway)
• 5. Farmers Insurance Group

These mega insurers own about half of the US insurance market. Other large US insurance companies include:

• Nationwide Group
• USAA
• American International Group
• Liberty Mutual
• American Family Insurance

Source [Q&A]

Interesting Facts About 5 Top Insurance Companies

Here is some interesting trivia about 5 Top Insurance Companies

State Farm

George J. Mecherle, an Illinois farmer turned insurance agent, founded State Farm as an auto insurance company solely for farmers, hence its name. Mecherle felt insurers were "rooking" farmers by charging them rates that reflected the risks of city driving, and he vowed that State Farm would be "an honest insurance company."

Allstate

In the autumn of 1930, a year into the Great Depression, a friend and fellow commuter on a Chicago-bound train suggested to Sears, Roebuck & Co. President Gen. Robert E. Wood that Sears expand its services by selling auto insurance by mail. The company chose to name its new venture after a line of automobile tires sold in the Sears catalog.

Geico

Stuck in middle management with military insurer USAA because he lacked a service background, 50-ish Leo Goodwin borrowed a page from USAA's playbook and geared his own company, the Government Employees Insurance Company, or Geico, toward a similar targeted market: federal employees. Geico probably thought government workers were more responsible and therefore had fewer accidents, says Kenneth Abraham, a University of Virginia insurance law professor. "While that was probably fictitious, that may have been their world view."

Progressive

In 1936, the Ohio attorney general asked ex-law school classmates Joe Lewis and Jack Green to investigate a group that was selling shady auto service contracts. Seeing firsthand the need for honest auto insurance companies, Lewis and Green founded their own and named it Progressive Mutual Insurance Co.

Farmers

Jack Tyler, the son of a South Dakota farmer turned insurance salesman, and Thomas Leavey, son of a California dairy farmer, went farm-to-farm in Southern California to offer affordable auto insurance for low-risk country drivers. They opened their one-room Farmers Automobile Inter-Insurance Exchange in downtown Los Angeles in 1928.

Top 5 Medical Insurance Companies in the US

Aetna, Inc.

This company has landed in the top 5 due to its dedication to its members and health care professionals and great cost-efficiency. They offer both health and dental care plans as well as a wide range of pharmaceuticals, group life insurance and disability insurance. They boast more than 19 million members for medical coverage alone. Over 14% of the U.S. has Aetna as an insurance provider.

Blue Cross and Blue Shield Association

This company covers 30% of Americans. 39 separate insurers merged to make a network of comprehensive health care. They have the largest number of health insurers in the United States aside from managed health care plans. They are dedicated to bring quality managed health care to their members.

Cigna Corporation

They are the smallest corporation on this list with 9 million members, but they have no small attitude when it comes to health care for their members. CIGNA has landed in the top 5 because of their work to understand the needs of each of their customers and a proactive attitude to keep all of their information up to date for the best medical insurance possible.

United Health Care Groups, Inc.

The second largest health care company in the U.S., United Health care is dedicated to affordable health care and works to constantly improve their services. They also maintain their work in improving the health care systems so that the systems work better.

Wellpoint, Inc.

This company covers 1 out of every 9 Americans. Their work to promote preventative care and wellness in communities has certainly lent itself to making their company so successful. They hold the welfare of their members and the value of their health care in the highest of standards. Many people look to WellPoint for the best medical insurance.

The Top 5 Largest US Auto Insurance Companies

Many Americans search for the largest US auto insurance companies because they are curious, or would rather spend their money with a big player in the insurance game. Larger auto insurance companies can at times offer cheaper rates due to more diverse product offering and better management.

Top 5 Car Insurance Companies

Here are the top auto insurers:

• 1. State Farm Mutual Group
• 2. Allstate Insurance Co. Group
• 3. Progressive Casualty Insurance
• 4. National Indemnity Co. Group (Berkshire Hathaway)
• 5. Farmers Insurance Group

These mega insurers own about half of the US insurance market. Other large US insurance companies include:

• Nationwide Group
• USAA
• American International Group
• Liberty Mutual
• American Family Insurance

How to Get Cheap Car Insurance Quotes and Save Up to $500!

Most of us never take the time to read our car insurance policies, much less understand them. Yet making a few changes in your coverage can save you hundreds of dollars on your insurance premium. Here are three things you can do to save a bundle your auto insurance premiums.

Increase Your DeductibleYour deductible is the amount of money you have to pay before your insurance company pays a claim. Simply raising your deductible by a few hundred dollars can save you hundreds of dollars on your car insurance every year.

Install A Security SystemMost insurance companies will give you a discount if you install a security system on your car. Installing an alarm or an anti-theft device will not only save you money, it will give you peace of mind.

Decrease Your MileageThe number of miles you drive has a direct bearing on the amount of money you'll pay for insurance. To cut down on the amount of miles you drive, try carpooling to work or even taking the bus a few times a week. You might also cut down on your weekly shopping trips.

Shop Online

The best way to get cheap car insurance quotes is to comparison shop online. It's fast, it's easyFeature Articles, and it's free.

It only takes a few minutes online in the privacy of your home to get a number of quotes so you can compare rates from top-rated companies and get a cheap car insurance quote.

Insurance: Auto Insurance

If you own any type of vehicle, then auto insurance is something you really should consider investing in. For many auto owners, it isn’t as choice as auto insurance coverage in mandatory in many states. It is also required if you have the vehicle financed. This is to ensure the lender will get their money should the vehicle be damaged in an accident.

If you own any type of vehicle, then auto insurance is something you really should consider investing in. For many auto owners, it isn’t as choice as auto insurance coverage in mandatory in many states. It is also required if you have the vehicle financed. This is to ensure the lender will get their money should the vehicle be damaged in an accident. There are two types of auto insurance coverage – full coverage and liability. Full coverage auto insurance means that the vehicle is covered regardless of who is at fault. This is great in the event that you are the party liable for the accident. It also covers you in the event that the other party doesn’t have coverage, regardless of who is at fault. Liability auto insurance only covers the cost of the other vehicles involved when you are liable for the accident. While full coverage auto insurance costs a little bit more, it does offer you the best protection.I addition to helping cover the cost of getting your vehicle repaired or replaced, many auto insurance policies assist with the cost of medical bills associated with the vehicle accident. This is very important coverage to have, especially if you don’t happen to have health insurance coverage. The cost of auto insurance depends on a variety of factors. They include your age, your driving record, the type of vehicle you are seeking coverage for, the state you are getting coverage in, the inclusions you wish to have under your auto insurance coverage. You can get better rates on auto insurance by keeping a clean driving record, having young drivers participate in a driving class, and combining your policy with another such as a home owner’s insurance policy. It is also a good idea to find out the safety rating on a vehicle before you purchase it. Many people have been upset after buying a sports car to find out the monthly insurance payment is just as high as the vehicle payment itself. Vehicles with additional safety features are generally going to have lower insurance premiums associated with them. Once you find out the insurance laws in your stateArticle Submission, start comparing prices offered to get great coverage at the best possible price.

The Fine Print on Long-Term Care Insurance

If I would have known I was going to live this long I would have taken better care of myself!" That funny line isn't so funny when you're facing a health crisis without the funds to deal with it. Health care costs go up as we age but fortunately we now have some financial tools to help. Now we can make those golden years more comfortable; both physically and financially. Here's one vehicle... Long-term care insurance (LTCI). But don't hop on this insurance product until you really understand what you're getting into. Like any insurance policy, we learn how well it works when we really need it. Here are some of the fine-print considerations to examine if you are looking at any form of long-term care insurance (LTCI). 

Long-term care is often considered an issue exclusively for elders. Not so. A person who requires continuous care because they are unable to independently perform basic daily living activities such as dressing, bathing, or eating due to an injury, illness or in some cases, cognitive disorders may be a long-term care candidate. Being able to afford long-term care is something that concerns many of us. One way to deal with the unpredictability of long-term care costs may be long-term care insurance (LTCI).


Hopefully you'll live a long and prosperous life and health or money issues won't cloud your golden years. But, if you want to be prepared, consider how to make long-term care insurance work to your advantage. Don't count on Medicaid. It does cover a bit of your long-term care expenses but you've got to be dang near death or flat broke or a combination of the two to qualify. Then there's your friendly neighborhood HMOs, Medicare, and Medigap but guess what. Right. They don't help much either. 

Here are three things you can do to get over your anxiety about this whole not-so-fun question of "How long will I live and can I afford it if I do?"

1. Eat your dang vegetables! Your mother was right. They are good for you and they keep you healthy. In other words, get with a fitness plan, clean up your diet, kick the smokes, and see if you can't add a few more healthy years to your life before long-term care insurance becomes a really big issue. 

2. Make a ton of money. Yeah, yeah, yeah, your mother told you to start saving early. If you did as mama advised and got yourself some of that thar financial plannin' stuff then yer in dang good shape. If not, it's never too late to start with some basic planning and investing.

3. Buy some long-term care insurance. Nobody likes paying those insurance premiums but the right kind of long-term care insurance could make a huge difference when the going gets tough.

Eat your veggies, make some money, and buy some long-term care insurance. The first two are relatively easy; the last one has a few complexities to be aware of. Get with an agent you trust. Get a referral from someone in the legal or financial fields. Here is some of the even finer print to watch for when it gets down to the nitty gritty of policy comparison: