Insurance companies in the US play a major role especially in the economy of the nation as well as risk management. However, most of them face stiff competition both locally and internationally from financial service institutions, banks, and insurance companies. Today, we shall list the top 10 insurance companies in the USA in 2021.
Who is the number 1 insurance company in America?
Today, State Farm Group is the number 1 best and top insurance company in the United States. Furthermore, it’s the largest property insurance company in the US in 2021 right now. State Farm is a large group of insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois. This is by a new report by the National Association of Insurance Commissioners (NAIC).
Berkshire Hathaway is the second-largest insurance company in the US in 2021, followed by Progressive Group Insurance Company.
On the other hand, Geico Insurance is regarded as the best and top auto insurance companies in USA from 2020 to 2021.
Before we get to the list of the top 10 insurance companies in the USA, it’s good to be familiar with several aspects of insurance. For example, instant auto insurance quotes in 2021, how to get auto insurance online, and so on. Few Things To Keep In mind While Buying Life Insurance
In summary, we will list the name of the insurance company or companies by direct dividends inscribed. Then, we will provide links to the websites of each of the top 10 insurance companies in the U.S. in 2021. Have a look at the list beneath from our latest determinations and recommendations.
1. State Farm. It’s the best and top insurance company in the US in 2021. Direct Premiums Written: $65.7 billion. Market Share: 9.27%.
2. Berkshire Hathaway. It’s the 2nd best insurance company in the USA in 2021. Direct Premiums Written: $46.2 billion Market Share: 6.52%.
3. Progressive Group Insurance Company. Direct Premiums Written: $39.3 billion. Market Share: 5.55%.
4. Liberty Mutual. Direct Premiums Written: $35.6 billion Market Share: 5.04%.
5. Allstate. Direct Premiums Written: $35 billion Market Share: 4.94%.
6. Travelers Group. It’s the best car and travel insurance company in the USA in 2021. Direct Written Premiums: $28 billion. Market Share: 3.95%.
7. USAA Insurance Company. Direct Written Premiums: $23.4 billion. Market Share: 3.31%.Coinbase is launching a marketplace for NFTs
8. Chubb. Direct Written Premiums: $23.3 billion. Market Share: 3.30%.
9. Farmers Insurance. It’s also one of the top 10 insurance companies in the USA in 2021. Direct Written Premiums: $20.5 billion. Market Share: 2.93%. And finally,
10. Nationwide Insurance Company, USA. Direct Written Premiums: $18.5 billion. Market Share: 2.58%.
Conclusion
To sum up, the list of the top 10 insurance companies in the USA in 2021 above is the most reliable source for the latest updates. We also have other most reputable insurance companies in the USA like Geico Insurance that were missed in our article. However, we shall keep you posted on the same page about the same in our next manuscript.
