Insurance sector has got a boom in last century. The insurance industry consist of both giant and small companies. Each company is doing its best to gain more trust that in return gives them more sales and business. They are investing large in advertisement to expand their business, so in such scenario it became difficult for common person to choose the right company as his insurer.
Insurance Petrol is going to list down the top 3 insurance companies based on different factors. This list will be helpful to you in selecting the right insurer for yourself and your family.
USAA Insurance Company
United Services Automobile Association provides insurance policy to army personals and their civilian family members. USAA was founded on 20th June 1922 having its headquarters in San Antonio, Texas. USAA Insurance provides protection for auto/car, homeowners, renters, life. Other insurance products includes health, dental & vision, medicare and umbrella insurance.
The company has offices in different states along with international offices in Frankfurt, Germany, and London, England. There are more than 32000 employees in appointed in these offices.
USAA has total revenue of US$30.016 billion with total assets of $155.391 billion. There are more than 12.4 million members.
USAA has great rating history, the A.M. Best Company rated USAA as A++. Moody’s Investors Service rated as Aaa, the Standard & Poor’s rated as AA+.
Based on reviews of general public, in homeowner insurance and life insurance USAA provides better premium rates to its policy holders as compared to other insurer.
Progressive Insurance Company
Progressive started its business in 1937 and providing almost all insurance services like life, homeowners, auto, health, business, commercial, flood, personal loans, pet, renters, travel and umbrella Insurance. Progressive insurance company has headquarters in Mayfield Village, Ohio with more than 35000 employees in headquarters and other state offices.
The company has sold more than $30 billion written premium. Progressive is ranked as 99th largest company in US in terms of revenue by Fortune 500 2019 list.
The claim process is fast and they provide satisfactory assistance on spot. Progressive Corporation has above average customer satisfaction rating. Progressive auto insurance provides low rates. The especially provide low rates to teenage drivers which very rare in other insurers. So progressive insurance is a good choice for risky drivers with low premium cost.
On the other side, on some policies they don’t provide rental reimbursement. Other than that discounts are not always available on all states.
Liberty Mutual Insurance
Liberty Mutual Group was founded on July 1, 1912 and is the 5th largest casualty and property insurer in US. The headquarters is in Boston, Massachusetts and is operating worldwide with more than 50,000 employees. The revenue of Liberty Mutual Group is $39,409 million as of 2017 record with total assets of $142,502 million. Liberty Mutual provides auto, home, renters, condo and commercial insurance solutions to its clients. According to 2018 gross written premium, liberty mutual becomes the fifth largest property and casualty insurance policy seller in United States. Liberty mutual forgives the first accident and the premium will not increase on occasion of first accident.
Based on 2018 revenue Liberty Mutual ranked 75 in fortune 500 list. Currently they are serving in thirty countries around the globe. Liberty Mutual Group Received A rating by A.M. Best Co., ‘A2’ by Moody’s and ‘A’ by Standard & Poor’s . The overall outlook of mutual liberty group is stable as per ratings based on above rating agencies.
Go through the post, now you have the idea of the top 3 insurance companies of United States. Go to their websites to get the quote, compare their plans and get your policy as soon as possible to get protection mode on.