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Biggest car insurance companies in the U.S. 2023 – Statista

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State Farm Mutual Automobile Insurance was the leading private passenger car insurer in the United States in 2023, with premiums written amounting to approximately 58 billion U.S. dollars. Progressive Corporation, and Berkshire Hathaway Inc. were the next largest insurers in that sector. 

State Farm Mutual Automobile Insurance was founded in 1922 and is headquartered in Bloomington, Illinois. In 2023, the insurer was the largest writer of property and casualty insurance in the United States. They provide vehicle, homeowners, renters, life and annuities, health, disability and flood insurance among several other insurance products.

Despite their market leader status, State Farm’s net promoter score puts them in the middle of the pack with only 42 percent of their customers saying they would recommend the insurer. However, their nearest competitors did not score any better with Progressive receiving a NPS of only 38 percent in the same analysis. The three largest car insurers were also the biggest spenders on advertising.

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November 2024
United States
2021 to 2023

Date of access used as release date.                      Figures have been rounded.
Vehicles & Road Traffic
U.S. motor vehicle registrations 1990-2022
Financial Services
Monthly car loan rates in the U.S. 2014-2024
Insurance
Annual auto insurance premiums in the U.S. 2021-2023, by state
Vehicles & Road Traffic
Total number of licensed drivers in the U.S. by age group 2013 & 2021
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