Last Updated: January 30, 2023

Best Insurance Companies in USA (2023)

Find Top Insurance Companies for your Coverage Requirements!

top insurance companies in usa

Shopping for a reliable and affordable policy is an arduous process that involves a lot of analysis and never-ending research. At Agency Height, we have made the process easier for insurance buyers by highlighting the best insurance companies in USA.  

A good insurance company is defined by attributes like affordable coverage, a variety of insurance products, reliable customer service, strong financial strength, innovation, and discounts. 

 Find out which companies tick all the boxes and choose a dependable insurance partner for your needs. 

Top Insurance Companies in USA(2023)

Here are the top 20 insurance companies that offer the best policies at affordable rates.

Geico

⭐️⭐️⭐️⭐️

  • Agency Height rating: 4.7 out of 5  
  • Better Business Bureau rating: A+  
  • Average annual premium (car): $506 

Geico Insurance Reviews

Geico is one of the top insurance companies in the US, known for its competitive premium rates and a wide variety of discounts. Geico is also the second-largest auto insurance company in the country and primarily sells car insurance. However, it also sells various other products like home insurance, motorcycle insurance, renters’ insurance, commercial insurance, commercial truck insurance, and much more. Geico Insurance is available in all 50 states and provides reliable service online through its website and app. Geico’s financial strength has been rated A++ by A.M. Best, making it a trustworthy carrier to do business with.  

Allstate

⭐️⭐️⭐️⭐️

  • Agency Height rating: 4 out of 5  
  • Better Business Bureau rating: A+  
  • Average annual premium (car): $558 (minimum coverage) 
  • Average annual Premium (home):$1300 

Allstate Insurance Reviews

Allstate is one of the best insurance companies in USA, with a strong network of over 12000 exclusive and independent agents/agencies. The company offers a wide range of insurance products under one roof, like home insurance, auto insurance, life insurance, and business insurance. Allstate offers numerous physical and online services through its website and proprietary apps to file/track claims and get cheaper insurance. Allstate customers also enjoy a huge range of insurance discounts and access to exclusive UBI programs like Drivewise and Milewise. 

State Farm

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • Better Business Bureau Rating: A+  
  • Average Annual Premium (Car): $417(minimum coverage) 
  • Average Annual Premium (Home): $1069 

State Farm Insurance Reviews

State Farm is the largest car insurance provider in the USA, with over 19000 insurance agents, 343 claims offices, and 30 operating centers. Besides car insurance, State Farm sells 24 other insurance products under different categories like home, life, and business. State Farm car insurance and State Farm home insurance have cheaper rates in comparison to the national average as it offers incredible discounts. State Farm agents are spread across all 50 states, and customers can get excellent 24/7 online service through their website and exclusive mobile app as well.   

Progressive 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • AM Best Financial Rating: A+  
  • Average Annual Premium (Car): $558 (minimum coverage) 
  • Average Annual Premium (Home): $1300 

Progressive Insurance Reviews

Progressive is a popular name for insurance buyers in America thanks to its long history of providing reliable service and innovative approaches. With over 38,000 insurance agents in its network and over 35 products, Progressive is a one-stop solution for insurance buyers. It offers some of the cheapest auto insurance rates and provides excellent discounts. Progressive insurance has a highly-rated mobile app and runs innovative digital programs like Snapshot. In a nutshell, Progressive is a reliable choice for buyers looking for a good insurance partner. 

Travelers 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • Better Business Bureau: A 
  • Average Annual Premium (Car): $893 (minimum coverage) 
  • Average Annual Premium (Home): $2034 

Travelers Insurance Reviews

Travelers is another big name in the US insurance market and rubs shoulders with other insurance companies like Geico, Progressive, and State Farm. It has been in business for more than 165 years making it one of the oldest insurance companies in the US. Travelers is the 6th largest policy writer of personal insurance and the 2nd largest writer of commercial insurance in USA.  Travelers is a Fortune 500 company that has been rated A++ by AM Best. The company has a good claims settlement record and offers innovative digital services like IntelliDrive. 

Mercury Insurance 

⭐️⭐️⭐️

  • Agency Height Rating: 3 out of 5  
  • Better Business Bureau Rating: Not accredited 
  • Average Annual premium (Car): $1032 (minimum coverage) 
  • Average Annual Premium (Home): $614 ($250,000 dwelling coverage) 

Mercury Insurance Reviews

For more than 61 years, Mercury insurance has offered Americans a wide range of options for coverage for their businesses, homes, cars, and other valuables. Based in Los Angeles, the insurance company has more than 8,000 independent agents working in 11 states. Mercury Insurance’s car insurance offers collision, comprehensive, uninsured/underinsured motorist, and ridesharing coverage for vehicles. While Mercury homeowners’ insurance only offers a few home insurance options, it does provide a number of coverage add-ons. Mercury’s typical premiums are often less expensive than the national average, and it is a good choice for anyone looking to get a range of insurance discounts. 

Connect With The Best Insurance Agents Near You

Contact a local agent online to help you with your insurance needs.

The Hartford

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • Better Business Bureau Rating: A+ 
  • Average Annual Premium (Car): $1304 (minimum coverage) 
  • Average Annual Premium (Home): $1730 ($250,000 dwelling coverage) 

The Hartford Insurance Reviews

The Hartford has been named the World’s Most Ethical Company 12 times by the Ethisphere Institute and is one of the top-rated businesses according to J.D. Power’s survey. When it comes to property and casualty insurance, group benefits, and mutual funds, the Hartford is among the best insurance companies in USA. The insurance provider has also partnered with the American Association of Retired Persons to offer discounted rates and benefits to AARP members. A+ rated by A.M. Best, the Hartford is well-known for its helpful customer service and round-the-clock claims support. For AARP members, customers of age 50 and above, and young drivers shopping for insurance, the Hartford might be one of the best options there is. 

Liberty Mutual  

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5   
  • Better Business Bureau Rating: A+
  • Average Annual Premium (Car): $879 (minimum coverage)  
  • Average Annual Premium (Home): $1730 ($250,000 dwelling coverage)  

Liberty Mutual Reviews

Liberty Mutual Insurance is one of the best insurance companies in USA with an AM Best financial strength rating A. According to US News, Liberty Mutual’s homeowners’ insurance policies rank among the top 9 among the best homeowners insurance companies in the country for 2022. The insurance company also gives customers the option to purchase standard or customized auto insurance coverage online. 

Chubb Insurance 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5 
  • Better Business Bureau Rating:  A+ 
  • Average Annual Premium (Car): $879 (minimum coverage)  
  • Average Annual Premium (Home): $1763($250,000 dwelling coverage)  

Chubb Insurance Reviews

Chubb Insurance is the largest publicly traded provider of property and liability insurance. Chubb has more than 14,000 insurance brokers and is mostly known for its outstanding customer service and underwriting capabilities. The insurance company offers a wide selection of insurance plans, ranging from common sorts like renters’ insurance and homeowners insurance to more specialized ones like condo or co-op insurance. The business also provides flood insurance. Chubb’s Masterpiece Home Insurance and Masterpiece Auto Insurance Policies are the ideal solutions to safeguard your high-value possessions and personal property thanks to features like extended replacement cost and substantial loss-of-use limits. 

Lemonade Insurance 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5   
  • Better Business Bureau Rating:  Not accredited 
  • Average Annual Premium (Home): $25/month 

Lemonade Insurance Reviews

Lemonade Insurance is a well-known name in the property and casualty insurance sector. It is a New York-based insurance company that was founded in 2015. Starting at $25 monthly homeowners insurance premium, Lemonade Insurance is America’s favorite homeowner’s insurance. To yet, Illinois and Tennessee are the only states where Lemonade car insurance is available. But the company’s newest offering, Lemonade auto insurance, is only available for now in Illinois and Tennessee. In conclusion, Lemonade insurance agents offer customers a practical way to get insurance coverage, manage claims, and get insurance information through a simple mobile app.

Hagerty

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • Better Business Bureau Rating: A+  
  • Average Annual Premium (Car): $1200 

Hagerty Insurance Reviews

Hagerty Insurance is an American automotive lifestyle brand that offers membership and insurance services to classic car lovers around the world. It has been protecting America’s iconic vehicles for over 80 years. Hagerty insurance agents cover all types of cars, trucks and motorcycles as well as tractors and boats – ensuring your beloved vehicle is always in good hands. Meriting recognition from the BBB with their A+ rating too; it’s no surprise that Hagerty continues to receive top customer satisfaction ratings across the United States today. 

AmTrust 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • A.M. Best Rating: A-  
  • 10% discount on BOP coverage to workers’ compensation policyholders. 

AmTrust Insurance Reviews

AmTrust Insurance, a Manhattan-based insurance company, was founded in 1998 to serve small businesses in the United States. They’ve evolved into a market-leading insurance company specializing in small business insurance focusing on workers’ compensation. Within two years of its establishment, the company had grown into the European market, serving 70 nations today. It received an “A-” from A.M. Best, indicating outstanding financial stability. However, AmTrust’s ratings have fallen from “A” to “A-due to economic instability.

MassMutual 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • Better Business Bureau Rating: A++(superior) 
  • Average Annual Premium (Life): $160 per year  

MassMutual Insurance Reviews

MassMutual has been serving customers with financial products since 1887, giving over 11 million people across the country access to life insurance options. MassMutual agents offer an extensive selection of term and universal policies as well different types of annuities in addition to their traditional whole-life or mixed plans. MassMutual also provides brokerage services backed by knowledgeable staff that can assist you find a plan tailored for your specific requirements.  

Encova 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5  
  • Better Business Bureau Rating: A++(superior) 
  • A.M Best: A- 
  • Average Annual Premium (Car): $2,856 

Encova Insurance Reviews

Encova Insurance, a super-regional carrier with 90 years of industry experience, proudly offers insurance services across 29 states. It ranks among the top 20 mutual insurers in America and serves 17,000 independent agents through 2000 agencies nationwide. Its car coverage provides protection for private vehicles such as automobiles, SUVs, vans and more; having earned an A high rating from Better Business Bureau (BBB), Encova’s commitment to customer satisfaction is solidified by its dedication to addressing grievances efficiently. 

Connect With The Best Insurance Agents Near You

Contact a local agent online to help you with your insurance needs.

Swyfft Insurance 

⭐️⭐️⭐️

  • Agency Height Rating: 3 out of 5  
  • Better Business Bureau Rating: A++(superior) 
  • Average Annual Premium (Home): $1,776 

Swyfft Insurance Reviews

Swyfft Insurance is a trusted insurtech company offering homeowners’ and commercial insurance coverage since 2014. Utilizing patented analytical methods, customers can receive real-time estimates for home insurance instantly. Moreover, registered agents provide 24/7 customer service through phone call or online inquiries to ensure swift and effective processing of claims. The Better Business Bureau has rated Swyft’s operations as Excellent (A), attesting to their commitment in rendering reliable services while responding promptly to any consumer complaints they may have received throughout the years. 

Humana Insurance 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5   
  • AM Best Rating: A  
  • Membership Benefit Plan: $28/month  

Humana Insurance Reviews

Humana Insurance Business, also known as HMO Indiana, Inc., is a health insurance company based in Louisville, Kentucky, U.S. that offers coverage to individuals and families. Individual and family health insurance plans, Medicare advantage plans, and prescription medication plans are among the services provided by the organization. In 2021, the company ranked 41 on the Fortune 500 list, which made it the highest ranked company based in Kentucky. It is the second largest medicare plan provider in US which has solid financial strength rating as per AM Best Rating. 

Safeco  

⭐️⭐️⭐️

  • Agency Height Rating: 3 out of 5   
  • AM Best Rating: A+   
  • Average Annual Premium (Car): $1,411  
  • Average Annual Premium (Home):  $782(200K home excellent credit) 

Safeco Insurance Reviews

Safeco provides a variety of insurance products, including auto insurance, homeowners’ insurance, motorcycle insurance, boat insurance, and more. It specializes in providing insurance for individuals and business. Safeco also offers a variety of home and car insurance discounts and perks to its policyholders including safe driver discounts, multi-policy discounts, and many others. Safeco insurance agents can provide you all the information about such discounts you get in your every policy purchase. 

TypTap 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5   
  • Better Business Bureau Rating: A+    
  •  Specialization In: Homeowners and Flood Insurance  

TypTap Insurance Reviews

TypTap Insurance is an innovative property and casualty insurer based in the Sunshine State, founded in 2016 as a subsidiary of the HCI Group, Inc. They are also the first licensed flood insurance firm in Florida, setting their reputation apart from others in the industry. Their technology-driven platform allows for customers to quickly quote and bind policies, creating a fast and efficient experience. Additionally, TypTap was created as an alternative to the National Flood Insurance Program, allowing even easier access to peace of mind when it comes to severe weather or catastrophes. 

Furthermore, Typtap Insurance agents can help helps deal with insurance firms in a more modern way.  

Foremost 

⭐️⭐️⭐️

  • Agency Height Rating: 3 out of 5   
  • Better Business Bureau Rating: A- 
  • Average Annual Premium (Car): 1,674 
  • Average Annual Premium (Home): $1,312 

Foremost Insurance Reviews

 Foremost insurance best known for its RV and mobile home insurance was the first insurance company to offer policies for mobile homes and has been a specialist insurance carrier ever since. Foremost car insurance has more advantage of coverage alternatives than some other insurance firms. Therefore, Foremost gives you the opportunity to save money on your insurance coverage by providing different discounts on your car and homeowners insurance. 

US Assure 

⭐️⭐️⭐️⭐️

  • Agency Height Rating: 4 out of 5   
  • Better Business Bureau Rating: Not Rated 
  • Specialization In: Builder Risk and Property Insurance Coverage

US Assure Insurance Reviews

US Assure is a construction and property insurance company that offers more than just builders’ risk coverage. By partnering with Zurich, they have put together an effective builder’s risk program to help commercial producers and personal line professionals get quotes in no time. You can always contact independent agent who can provide premium quotes for coverage through US Assure. Their expansive range of policies makes them ideal for contractors, business owners or financial institutions looking for quality home protection while auto-insurance options remain limited. 

Frequently Asked Questions

Which are the top auto insurance companies in USA?

The top auto insurance companies in USA for 2022 are Geico, Nationwide, State Farm, Travelers, Progressive, Mercury, and Liberty Mutual. 

How to choose the best insurance company?

Some tips for choosing the best insurance company are:, analyze the financial strength and background of the carrier, compare prices by getting quotes from multiple carriers, understand the ease of doing business/service features, compare ratings from third parties, and check for available discounts. 

Which are the top home insurance companies in USA?

Insurance buyers looking for home insurance in 2022 can go for carriers like Chubb, Hippo, Nationwide, Erie, Travelers, USAA, and Amica. 

Which insurance company has the highest customer satisfaction in 2022?

According to the survey from 2022, USAA customers express the highest levels of customer satisfaction, are most likely to renew their insurance, and recommend the company to other drivers. 

List Your Business For Free

Start getting noticed by thousands of insurance buyers near you.

Related Articles

Leads for insurance

3 Simple Ways to Leverage Networking to Generate Leads for Insurance in 2023

how to become an independent insurance agent

How to Become an Independent Insurance Agent

A Cheat Sheet

Independant Insurance Agent 1

Insurance Claim Process

Helping Clients is The Best Way to Retain Customers and Gain Referrals

Multiple Coverage Options at Your Fingertips

Choose from various options and select the policy that best suits your requirements.

+