List of Car Insurance Companies

List of Car Insurance Companies - Major Brokers Underwriting Vehicles
by Stacy Fox

Do you have any idea of the list of car insurance companies? How many of the following companies come to mind when you think about vehicle insurance?

Farmers Insurance is the first company we'll look at. They opened their doors back in 1927 and have $10 billion in assets. Their financial rating ranges from good to very strong even though the insurance industry as a whole suffered greatly during the financial crisis of 2008. Unfortunately, their customer service reputation took a beating in the early 21st century though they were ranked "most improved" as recently as 2006. 21st Century Insurance is also wholly owned by Farmer's Insurance.

Next up is Allstate Insurance which is the largest publically held insurer in the U.S. Their revenues are almost $30 billion in 2009. Business Week magazine and CNN have both criticized Allstate for denying its policy holders legitimate benefits.

You would think the American Insurance Group (AIG) would have been founded in a major U.S. city. But you'd be wrong. It was actually founded in Shanghai, China in 1919. But, they have long since moved to New York City. AIG was hit hard by the Financial Crisis in 2008 and had to be bailed out twice. AIG is currently the primary sponsor of the Manchester United Soccer Club.

The next on our list of car insurance companies is Nationwide. Nationwide started in 1926 offering auto insurance exclusively to Ohio Farmers. Soon, they expanded to other states and then to people other than farmers. Now, it is a major car and property insurer with revenues of $25 billion per year. They are seen as a progressive company which supports gay and minority causes.

Liberty Mutual is an international entity. In addition to serving Americans, they have holdings in many other countries ranging from Argentina to Vietnam. Founded in 1912, the company has assets of nearly $30 billion. Another thing Liberty Mutual is known for is their research institute for safety. This runs field and laboratory studies which help to make the workplace safer.

Progressive insurance focuses primarily on car insurance and does very little business in other kinds of insurance. They were founded in 1937 and have revenues of around $15 billion a year. They take advantage of technology as it becomes available; they were the first to sell insurance over the phone and an early adapter of internet resources. Progressive has gotten into hot water over whether they have directed policy holders to use unlicensed body repair shops.

The final entry in our list of car insurance companies is GEICO. GEICO is a wholly owned subsidiary of Warren Buffet's Berkshire Hathaway. It has more than 9 million policy holders and revenues of almost $10 billion. It runs aggressive television advertising ads, mostly featuring a cockney speaking gecko. GEICO was originally founded to provide insurance services strictly to government workers, but now provides insurance to everyone.

While there are many other car insurance companies, these are representative of the major players and should be included on any list of car insurance companies.

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