Cars have been a part of American society for nearly a century and in today’s society, they are an essential part of everyday American life. Although in major cities, mass transit systems such as subways, buses, and metros have been developed, most average Americans get to and from work by means of automobiles. It is for this reason that the federal government decided to allow each state to design its own auto insurance laws, so that they can have a say in the conditions under which the vehicle will be used within its own state boundaries. With the population of the United States increasing every day and more and more people entering this great country, it is imperative that Americans have car insurance so that they can drive safely and without risk on the roads of this country.
Nowadays, most people can find a car insurance company within a 25-mile radius of their place of residence. While there are large auto insurance companies like GEICO, Allstate and others trying to expand in order to gain control of this sector of the economy; There are some other companies that are not known nationally and operate within their state boundaries. In this article, we will discuss these “top dogs” in the auto insurance industry just by looking at their history, what they offer and how they became known over the years.
Essance: Although this company was only founded in 1999 through the internet, it has progressed a lot over the years. The company started in four states and was soon acquired by White Mountains Insurance Group. Today, Esurance claims to insure around 85% of drivers in the country and continues to grow by providing coverage in 28 states. Since its establishment, this company has striven to give customers the best prices in the market with the best coverage. They take pride in their customer service techniques and the fact that their customer service agents are available 24 hours a day, 7 days a week. This insurance is said to be the first to offer their products entirely online, which makes it a little easier and convenient for people to get quotes and signups from the comfort of their homes in their office. The company has grown so much that it has expanded to offer not only coverage on cars, but also life, health, home and motorcycle insurance.
GEICO: One of the largest auto insurance companies in the United States, GEICO is known for speaking the little gecko with a British accent, or for caveman commercials highlighting the fact that getting an online quote is “very easy for a caveman to do.” Government Employees (GEICO) in the 1930s when the Great Depression was still hitting this great nation. Liu and Lillian Goodwin started the company in Texas because they had a vision to cut premiums for specific clients. The company became more and more well known throughout the United States and in 1936 they established operations in Washington, D.C. Nowadays, the company operates in all states and its assets have risen to a record $ 21.9 billion. They have an estimated 7 million members, 21,000 linked in 12 major locations nationwide. This impressive growth is due to three main elements GEICO focuses on: excellent coverage, low prices, and superior customer service.
Allstate: With its motto “You are in safe hands”, this company strives to be the best by giving its customers peace of mind and enriching their quality of life through excellent management of their risks. The company was incorporated in 1931 and only became a general trading company in 1993. Headquartered in Northbrook, Illinois; Allstate is one of the nation’s leading insurance companies in urban and regional areas with offices in all states of the nation. They are proud of the many awards they have won over the years and for having supported auto and highway safety reforms including seat belts, airbags, and teen driver education. Allstate Corporation, a Fortune 100 company with assets of $ 157.5 billion, has more than 70,000 professionals with nearly 30% minorities and 59% women. The company provides insurance products for an estimated 17 million cars and one in every 9 cars on the road is insured by them
SF Insurance: This company was founded in 1922 by a retired farmer and insurance salesman by the name of George Jacob Michel. He started the company with the sole purpose of lowering car insurance premiums for farmers, because he knew they drove fewer cars than the average customer. Today, SF Insurance claims to insure more cars than any other North American auto insurance company and is available in all 50 states and in the neighboring country of Canada. In 2006, the company became the first to promote a major movie, when it sponsored Pixar CARS and expanded to include life, homeowner and property insurance. The company has more than 17,000 agents and 68,000 employers who assist more than 76 million clients with every type of insurance imaginable. They are ranked A + by AM Best and are also ranked 31 on the Fortune 500 list of the largest companies.
nationally: Another “big dog” of US auto insurance. The company was founded in 1925 by the Ohio Farm Bureau Consortium in order to provide excellent, low-cost rates to rural drivers in the state and within 80 years Nationwide transformed from small auto insurance for Ohio farmers to a large corporation that receives an estimated $ 157 billion in assets. At present, Nationwide is not the only auto insurance company; But it also provides financial services. They are known for excellence in their service simply because their partners have a diverse set of skills, experiences, and backgrounds that make them more compatible with their clients. The company is ranked 104th in the Fortune 500 and has around 36,000 employees. It should also be noted that Nationwide ranks as the 6th largest auto insurer in the United States based on premium ratings by AM Best.