List of Car Insurance Companies

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

If you are looking for a list of car insurance companies and their salient points, this article will give you an idea of what's what on the market today.

First of all, Farmers Insurance is a major player in the insurance game. They were founded in 1927 and currently have $10 billion in assets. While the insurance industry as a whole took a major hit in the financial crisis of 2008, they survived and thrived. But, their customer service record is pretty spotty and they've been ranked last in a couple of major magazine's surveys. Farmers Insurance also owns 21st Century 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.

AIG Casualty - the American Insurance Group - was actually founded in Shanghai, China in 1919. They're now located in New York City and have revenues of almost $30 billion. AIG was hit badly in the 2008 financial crisis and has yet to recover its full strength. It was one of the companies that was helped by the government bailout. AIG is the principle sponsor of the Manchester United football team.

Next in our list of car insurance companies is Nationwide. Nationwide is a mutual insurance company founded in 1926. It has revenues of just over $25 billion per year. It started by offering auto insurance exclusively to Ohio farmers. Later, they offered services to farmers in bordering states. Only in 1934 did they offer services to the general public. Nationwide is seen as a very diverse company and supports many gay and African American causes.

A truly international entity, Liberty Mutual owns all or parts of insurance companies in countries around the world. But the largest part of their $30 billion revenues comes from insuring Americans. Liberty Mutual is also known for their Research Institute for Safety which runs field and laboratory research to make the workplace safer.

Focusing primarily on Car insurance, Progressive is seen as a leader in adapting technology to streamline the insurance process and cut down on overhead costs. They were the first to accept insurance sales over the phone and were also an early adapter in the web arena. Progressive has been embroiled in controversy over whether they directed their policy holders to make repairs at unlicensed shops.

No list of car insurance companies would be final without a word about GEICO whose Gecko has launched the company into a household word and been spoofed on t.v. shows like David Letterman. The company started by offering insurance solely to government employees but now sells to everyone. They are wholly owned by Berkshire Hathaway (which in turn is owned by Warren Buffet.)

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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