With the number of national car insurance agencies, it is often difficult to decide which company is right for your individual needs. While not all national auto agencies offer plans in every state, each of them offers different benefits for every automobile owner. The following will provide a brief overview of the top 5 car insurance agencies.Allstate Insurance
Since 1931, Allstate has been providing insurance in the United States. With more than 70,000 employees, this publicly traded company specializes in providing easy to understand insurance policies for auto, home and life. Their auto insurance policies cover new cars as well as old cars and those who bundle multiple automobiles typically can get lower rates. They also have special programs for safe drivers including accident forgiveness. Allstate also offers roadside assistance for those who insure their vehicles using their programs. Allstate also offers programs through the popular Esurance which is a division of Allstate.
While Geico has been selling auto insurance since 1936 what most people are not aware of is that they only began selling to the general public in 1974. When Geico was originally founded, they sold insurance policies only to members of the federal workforce. The name Geico is an acronym for Government Employees Insurance Company even though it is not a governmental organization. Geico is owned by Berkshire Hathaway, and has more than 9 million policies in all 50 states and the District of Columbia. Geico is most commonly known for the gecko who appears in many of their advertisers. Overall, consumers rank them as 13 of 22 firms offering comparable policies according to the October 2010 issue of Consumer Report. Geico offers consumers a range of auto insurance policies that are individually designed based on the consumers needs.
Liberty Mutual Insurance Company
Offering coverage that is underwritten in their Boston offices, Liberty Mutual offers several programs which are beneficial to auto owners including a multi-policy discount. Some of the other programs they offer include a guaranteed repairs program, “better” replacement and unlimited rental. Like other companies, Liberty also offers an accident forgiveness program for good drivers. Their better car replacement policy which is an optional rider is a program that many car owners find beneficial. This program offers drivers who have had their car totaled the option to upgrade to a newer model versus accepting replacement cost of their car. Liberty Mutual maintains an excellent rating from AM Best, an independent rating agency. They have been selling policies since 1912.
State Farm Insurance
In 1922, the first State Farm policy was sold for $11.17 to insure an automobile. Since then, State Farm has become a respected nationwide insurance agency building their reputation based on helping others manage risk. State Farm offers policies in both the United States and Canada and offers more than 100 products including automobile insurance. The company has received numerous awards and recognition over the years including social responsibility awards, recognition as a top employers and diversity awards.
Progressive Insurance offers consumers a choice of buying direct or purchasing through an agent. Progressive allows consumers a variety of different insurance policies that are customized based on individual needs. Like most insurers, Progressive may be best known for their company “spokesperson” Flo. Progressive has built their business by focusing on niche marketing offering comparisons with other companies, 24/7 claims service and “drive in” claim filing. For more than 70 years, the company has been seeking innovative ways to helping people insure their vehicles including being one of the first to allow customers to pay premiums in installments.