Auto Insurance Market Share By Company
Largest auto insurance companies in.
Auto insurance market share by company. The company claims a market share of 1345. Progressive held the most market share in 4 states and american family in just 1. Market share of commercial auto insurance companies in the us. State farm mutual automobile insurance.
State farm geico progressive and allstate are the largest auto insurance companies. Market share reports for the top 125 accident and health insurance companies and groups by state and countrywide combines data from all four statements to provide complete market share information for that line. The global auto insurance market is segmented on the basis of premium type distribution channel and geography. The total all lines market share in this publication represents total line as reported on annual statement 35 age 19 and p.
2018 by premiums incurred losses for auto insurance in the us. 31 2018 the landscape of personal lines auto insurance is dominated by large players with the top five insurers controlling more than 50 percent of the market and the top 10 controlling 70 percent nationally. Geico is not only one of the largest auto insurance companies in the us but also the best rated with an a exceptional rating. Company market share in 2018 direct premiums written in 2018.
The largest car insurance companies by state. However market fragmentation and rise in on demand car services and the adoption of autonomous vehicles also reduces the need for auto insurance in the future which is a major restraint for the auto insurance market. In q1 2019 geico. Rank groupcompany direct premiums written 1 market share 2 1.
National association of insurance commissioners.