Top 10 Best Insurance Companies in California is an informative article for best car insurance companies california, best health insurance companies california, list of auto insurance companies in california, cheap car insurance california online.
The insurance industry is one of the largest in the world, with companies from a variety of different sectors operating in almost every country on earth. There are thousands of insurance companies operating in the United States alone, and California is home to many of them.
Through this article We have compiled a list of the top best insurance companies in California by conducting research into various factors including company reputation, financial stability, customer service, and more.
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Best Insurance Companies in California
- Allstate
Allstate is a large corporation, and with 2018 revenues of $39.8 billion it ranked 79th in the 2019 Fortune 500 list of the largest United States corporations by total revenue.
Its long-running advertising campaign, in use since 1950, asks, “Are you in good hands?” and the recognizable logo portrays a suburban-style dwelling cradled protectively in a pair of giant human hands.
The company has an A+ financial strength rating and an “Excellent” financial stability rating from Moody’s. Allstate primarily offers general liability insurance, auto insurance, homeowners insurance, and life insurance. The company also provides financial services and manages a large network of real estate properties.
2. American Family Insurance Group
American Family Insurance is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. A Fortune 500 company, its revenues were over $9.5 billion in 2017.
American Family is headquartered in Milwaukee, Wisconsin and has operations in 49 states and the District of Columbia. The American Family Insurance Group has been in business since 1925 and is currently the largest publicly traded property and casualty insurance company in the United States.
3. Erie Insurance
Erie Insurance is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents.
Erie Insurance Exchange began in 1925 when two salesman for the Pennsylvania Indemnity Exchange, H.O. Hirt and O.G. Crawford, left to create their own insurance company. In three months and 20 days, the two convinced 90 stockholders to invest using a hand-written business plan, raising $31,000 to begin their own auto insurance company.
Erie Insurance is headquartered in Erie, Pennsylvania and has operations in 33 states around the United States. Erie Insurance has been in business since 1905 and is one of the largest insurance providers in the United.
4. GEICO Insurance Company
GEICO Insurance Company is a private American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm.
GEICO also offers property insurance, as well as umbrella coverage which GEICO sells, but the risk on the policies are transferred to third party companies. GEICO manages the policies as the “insurance agent” and has a separate customer care team that handles the property and umbrella policies.
The company has an A+ financial strength rating and an “Excellent” financial stability rating from Moody’s. GEICO primarily offers car insurance and other types of general liability insurance, but the company also provides financial services and manages a large network of real estate properties.
5. Mercury Mutual Company
The Mercury Mutual Company is the parent company of Mercury Insurance, one of the top 10 best insurance companies in California. The company operates in the fields of insurance and risk management.
Mercury Mutual is headquartered in San Francisco and has operations in 22 states around the United States. Mercury Mutual has been in business since 1913 and is the United States’ second-largest publicly traded auto insurance company.
Mercury’s primary focus is auto and homeowners insurance, however, the company also writes personal liability policies (umbrella), business insurance, mechanical breakdown protection (similar to an extended warranty for your vehicle), renters, service line protection, home systems protection, identity management protection and ride-hailing insurance.
6. State Farm
The State Farm Mutual Automobile Insurance Company is the parent company of State Farm, one of the top 10 best insurance companies in California. The company operates in the fields of insurance, financial planning, and real estate services.
State Farm is headquartered in Bloomington, Illinois and has operations in 49 states and the District of Columbia.
State Farm has been in business since 1922 and is one of the largest insurance providers in the United States. The company has an A+ financial strength rating and an “Excellent” financial stability rating from Moody’s.
State Farm primarily offers general liability insurance, auto insurance, and homeowners insurance. The company also provides financial planning and real estate services.
7. Travelers Insuarance
The Travelers Companies is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents.
The company is also involved in the fields of investments, crisscross, and reinsurance. Travelers is headquartered in Hartford, Connecticut and has operations in 26 countries around the world. Travelers has been in business since 1864 and is the oldest insurance company in the United States.
8. California State Auto Association
The California State Automobile Association (CSAA) is a member-owned nonprofit automobile association that provides a variety of services and operates as one of the top 10 best insurance companies in California.
CSAA is also one of the largest public park operators in the world, with over 50 parks throughout California. CSAA has an A+ financial strength rating and a “Superior” financial stability rating from Moody’s. The company is a member of the Better Business Bureau with an A+ rating and has an A+ rating from the American Automobile Association (AAA).
CSAA primarily offers general liability insurance, auto insurance, workers compensation insurance, and homeowners insurance. The company also provides financial services and manages a large network of parks throughout California.
9. USAA
The United Services Automobile Association (USAA) is a San Antonio-based Fortune 500 diversified financial services group of companies including a Texas Department of Insurance-regulated reciprocal inter-insurance exchange and subsidiaries offering banking and insurance to people and families who serve, or served, in the United States Armed Forces.
The company has consistently been ranked among the top insurance companies in the United States and is currently the 9th best company in California. USAA primarily offers general liability insurance, homeowners insurance, and life insurance. The company also provides financial services such as banking and investments.
10. Farmers Insurance Group
Farmers is headquartered in Los Angeles and has operations in 16 countries around the world. Founded in 1916, Farmers Insurance Group is one of the oldest and most respected insurance companies in the United States. The company has an A+ financial strength rating and an “Excellent” financial stability rating from Moody’s.
Farmers offers a wide range of insurance products through its subsidiaries, including general liability insurance, auto insurance, commercial insurance, and life insurance. The company also provides financial planning and real estate services. Farmers is one of the largest insurance providers in the United States and has over 30 million customers worldwide.
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