Top 10 United States insurance companies

“Insurance provides economic protection from identified risks occurring or discovered with in a specified period. Insurance is a unique product in that the ultimate cost is often unknown until long after the coverage period, while the revenue—premium payments by  policyholders—are received before or during the coverage period.”

Colombia Business School

Choosing a good/trust worthy insurance company is really hard and it takes time, so to make the process easier, we have selected for you a list of top 10 insurance companies ranked based on : licensing, financial solidity, price and service.

1-State Farm 

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Size-wise, State Farm is the top dog, holding close to 19% of market share nationwide for private passenger auto insurance and about 20% of the home insurance market.

State farm ranks of the top of our list primarily for offering a range of deductible options, as well as flexibility with the level of ability and medical payment coverage. they also have a customer service with 24- claim center online, by phone, or with their official app.

2-Allstate Insurance Company

Allstate Insurance Company

In addition to auto insurance, Allstate sells home and renters insurance, commercial insurance and retirement and investment products. Allstate’s products are sold through its own agents nationwide.

3-American General (AIG)

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American General Life insurance Company is the right choice for many because they seem to be the “jack of all trades” in the insurance industry. The Company’s underwriting is flexible, their pricing falls right in the upper area of the industry average, and they have exceptional customer service. The following strengths help AIG rank for one of the top life insurance companies.

4-Liberty Mutual

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Liberty Mutual is one of the oldest insurers in the U.S. Today, it is the third largest publicly held U.S. insurance company. They offer a variety of comprehensive insurance packages, including auto and homeowners insurance.

5-AAA

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The Automobile Club Association, or AAA, is one of the best-known insurance providers in the U.S. It offers a roadside assistance program as well as a variety of insurance plans and policies for drivers and vehicle owners.

6-MetLife

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MetLife had a “diverse product mix” which included insurance (home, car and life), variable life annuities and structured settlements, commercial mortgages and securities backed by commercial mortgages, and sovereign debt.

7-Banner Life

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Banner Life is an excellent company to purchase term life insurance through in general. They are usually among the least expensive on premiums, and often THE least expensive. And writing policies for smokers seems to be their niche.

8-Prudential (Pruco)

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Prudential Life Insurance accomplishes this by assuming the lowest pricing in certain areas but also by separating themselves from the herd through adopting unique underwriting guidelines when it comes to:

  • Travel locales
  • Tobacco Use
  • Cancer Survivors
  • DUI’s
  • Diabetes.
  • Actual age instead of nearest age.

9-Progressive

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Progressive offers coverage for a range of vehicles, including cars, motorcycles, boats, RVs, snowmobiles, business vehicles and even Segways. It sells insurance through independent agents. Progressive, the No. 4 car insurance provider, specializes in vehicle insurance and offers other types of coverage, such as home and life insurance, through third parties

10-American National Insurance Company (ANICO)

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The thing that everybody loves about this company is their no medical exam policies.

The company offers several of the best life insurance policies with no medical exam, including a term life policy and a whole life policy. This includes the Freedom Term Life Insurance plan, that offers policy amounts up to $250,000 and terms ranging from 10 years to 30 years.

Finally, to visit any of the mentioned insurance companies web site just click on their logo. Please don’t hesitate to share with us you comment, and feedback.

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3 thoughts on “Top 10 United States insurance companies

  • August 14, 2016 at 7:46 am
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    Very nice article about United States insurance companies. It is not easy to know which company is the best, but we know that each one has some better services than others, right? For that reason, it is recommended to ask friends and neighbors about their experience and opinion.

    • August 14, 2016 at 12:03 pm
      Permalink

      Absolutely, reading reviews from former clients,consulting friends and family is the best way to choose but this article will help narrow the research because there are hundreds insurance companies all over the US and selecting from a top 10 is much easier than trying decide with +100 candidate.

      • August 16, 2016 at 10:48 am
        Permalink

        I agree! Spending to much time over the web is not a perfect idea, specially for whom time is important. Nice to follow you Nina! Your participation gives beginfromhere more chance to be different

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