Auto Insurance

15 Best Car Insurance Companies In USA

Car Insurance Companies In USA

Buying a car insurance policy is essential because it covers your expenses in the event of vehicle damage or injuries to other drivers, passengers or pedestrians. All drivers and car owners must be insured against their liability to other people, as stipulated in the Road Traffic Act 1988. A Car Insurance is a contract between the car ownerand the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy such as damage to or theft of your car.According to the world wide record in every county there are some basic and common car and auto insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, medical payments coverage, collision coverage and personal injury protection.In the United States and other countries car insurance is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle got in any accident that results in property or physical damage. Most states need a motor vehicle owner to carry some minimum level of liability insurance.

Car Insurance Companies in US 

The insurance company sells policies through local agents, known as Field Representatives and also through their websites and over the phone directly to the consumer via licensed insurance agents. Geico controls 6.6% of the market and sells nearly 50,000 policies each year. The company has policies for homeowners and renters which covers property damage from fire, wind, water damage.Progressive was the first insurance company offering policies through the phone and website. The company provides coverage over 13 million policies. In 2007 Progressive started offering Pet Injury coverage, which provides coverage for dogs and cats and other animals that are injured by any crash.Insurance companies in the US provide the car owner with an insurance card for the particular coverage term, which is to be kept in the vehicle in the event of a traffic collision as proof of insurance. Recently, states have started passing laws that allow electronic versions of proof of insurance to be accepted by the authorities.

According to the rankings, market share and most customized policies the lists of 15 best Car Insurance companies are,

  • American Family: 2.28% – Lifetime workmanship guarantee on repairs
  • Nationwide: 2.47% – Easy, entirely online process
  • State Farm: 16.14% – Multiple programs to help drivers save
  • Geico: 13.78% – Consistent low rates and robust online account management
  • Allstate: 9.33% – Visit a local agent. Great customer service
  • Progressive: 12.25% – Wide range of coverage options
  • Liberty Mutual: 4.62% – Bundle your policy with home, renters, or condo insurance
  • Farmers: 4.16% – Great discounts
  • Travellers: 1.94% – Innovative underwriting technology
  • Auto Club Enterprises: 1.43% – Top notch roadside assistance
  • Erie: 1.34% – Increase coverage limits cheaply
  • Kemper: 1.33% – Affordable policies
  • Auto Owners: 1.28% – Great option for mutual coverage
  • USSA: 6.01% – A great resource for military members and veterans
  • National General: 1.24% – Claims service guarantee

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