Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

Full Bio →

Written by

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.

Full Bio →

Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 15, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right car insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Car insurance comparison shopping should be easy. We partner with top car insurance companies. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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 Allstate however who is the largest car insurance company in the USA?

According to the Insurance Information Institute, the State Farm Car Insurance Company is home to the largest car insurance company in the USA with a market share of 18.6 percent.

Enter your zip code above for FREE car insurance quotes today!

Table of Contents

Why is State Farm the biggest car insurance company?

You may be surprised to hear its a company who does not advertise as aggressively as Geico but State Farm has built a massive customer base from a 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”. However, in recent years, the State Farm advertising presence seems to have slowed.

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.

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

Compare Car Insurance Companies

Compare quotes from the top car insurance companies and save

 Secured with SHA-256 Encryption

Compare quotes from the top car insurance companies and save

 Secured with SHA-256 Encryption

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 including 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.

Always compare policy coverage, policy limits, premiums, deductibles and all the elements of car insurance before making a final decision.

Enter your zip code below for FREE car insurance quotes today!

References: