Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager Chris Harrigan

UPDATED: Apr 13, 2022

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Key takeaways...

  • State Farm has almost double the customers of Allstate
  • State Farm has been actively underwriting auto insurance policies for almost 100 years
  • Allstate is second to State Farm in terms of market shares

When you think about car insurance most consumers will associate with Geico due to the popularity of the Gecko and Caveman commercials or maybe even being “in good hands” with Allstate. There are plenty of options out there when it comes to finding auto insurance. However, which auto insurer actually is the largest car insurance company in the USA?

According to the Insurance Information Institute, the State Farm Car Insurance Company holds the bragging rights for being the largest car insurance company in the USA with a market share of 18.6 percent.

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Why is State Farm the biggest car insurance company?

You may be surprised to find out that it’s a company who does not advertise as aggressively as GEICO, but State Farm has built a massive customer base from a complimentary mix of advertising and local agents since 1922.

State Farm has been actively underwriting auto insurance policies for almost 100 years and has over 75 million policyholders nationwide.

To put the amount of State Farm market share in perspective, the company in second place is the Allstate auto insurance company with a market share of just over 10 percent.

State Farm has almost double the customers of Allstate.

State Farm is widely known for its slogan “Like a Good Neighbor, State Farm is there”. Although, in recent years, the State Farm advertising presence seems to have slowed some. However, anyone named Jake can attest to how memorable the “Jake from State Farm” wearing khakis commercials were.

The company’s annual advertising budget is rumored to be over $300 million and in the top 10 of all car insurance companies. Competitive companies like Geico are quickly outspending State Farm.

GEICO is rumored to spend over $800 million annually on advertising and over the last decade, it has successfully become more of a household name than State Farm due to its popular caveman and gecko commercials. While the amusing commercials are working in their favor for getting their name to be widespread in the insurance industry, the big question is, will it be enough to climb to the top and become the largest auto insurance company?

Will State Farm remain the largest car insurance company in 10 years? It’s very hard to say, but their insurance experience and current market share has them poised to be a leader for years to come.

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How do I get a State Farm car insurance quote?

Getting in touch with a State Farm agent is possible by a number of ways and can be fit into anyone’s everyday life. Options for finding an agent include visiting the company website, calling a toll-free number or just stopping by a local agent’s office.

It’s important to remember when shopping for car insurance never choose a company simply based on a title of being the largest car insurance company. Finding the right policy to fit into your budget for monthly expenses can be one of the tough decisions to make as a consumer.

Always compare the actual policy coverage, policy limits, premiums, deductibles and all the elements of car insurance from several insurers before making a final decision on an insurance plan. There are many policy options available to you, it’s important that you get the coverage you need at an affordable rate.

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