Insurance company

Allstate, State Farm, GEICO, Progressive Insurance Company Comparison

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State Farm is consistently ranked among the top five insurance companies for customer satisfaction in auto, home and life insurance. Allstate is a recognized player in the auto and home insurance market. GEICO is known for its low rates and decent customer service. Progressive is known for its low rates, but doesn’t rank well for customer service.

Car insurance comparator

Data from S&P Global Intelligence and Savvy

State Farm is the largest US-based auto insurer, by market share. It has been in business since 1922 and operates in all states. It ranked #6 in JD Power’s Automobile Claims Satisfaction Survey and #1 in the Insider’s Guide to the Best Auto Insurance Companies. It also has the lowest average monthly premium.

GEICO is the second largest automobile insurer. It started as the Government Employees Insurance Company, for government employees and the military in 1936. It then offered services to the general public. GEICO ranked #8 in JD Power’s Automotive Claims Satisfaction and #3 in the Insider’s Guide to Best Auto Insurance Companies.

Read more: Allstate Insurance Review – National Provider with Good Customer Service

Progressive is the third largest auto insurer. It has been around since 1937. It ranked #17 out of 18 for automotive claims satisfaction in JD Power’s Automotive Claims Satisfaction Survey.

Allstate is the fourth largest auto insurer by market share. It has been in business since 1931 and operates in all states. It ranked #14 in JD Power’s Automotive Claims Satisfaction Survey.

Here is a comparison of the four companies


car insurance

features:

Home insurance comparison

A cheap homeowners insurance policy doesn’t do much if the company does poorly on claims satisfaction, especially if you live in disaster-prone areas where you may have multiple claims in a year.

State Farm is the largest home insurance provider in the United States by market share. It ranked #3 on the Insider’s Guide to Best Home Insurance Companies. It ranked #4 in the JD Power Owners Customer Satisfaction Survey and #9 in the JD Power Owners Complaints Satisfaction Survey.

Allstate is the second largest homeowners insurer. Allstate ranked #5 on the Insider’s Guide to Best Home Insurance Companies. It ranked 7th in the JD Power Owners Customer Satisfaction Survey and 8th in the JD Power Owners Complaints Satisfaction Survey.

Read more: GEICO Insurance Review – National Carrier with Affordable Rates

Progressive is the tenth largest home insurance provider. Progressive was not listed in JD Power’s home insurance customer satisfaction survey.

GEICO is not a major player in the home insurance market. It was not listed in JD Power’s home insurance customer satisfaction survey.

Here is a comparison of home insurance features from Allstate, GEICO, Progressive, and State Farm.

Life insurance comparison

Many of the larger life insurance companies only offer life insurance and financial products, staying away from the auto and home insurance markets.

State Farm is the sixth largest life insurance company by market share. It ranked #1 in JD Power’s Life Insurance Customer Satisfaction Survey and #1 in the Insider’s Guide to the Best Life Insurance Companies. State Farm offers term and permanent life insurance products.

Allstate, GEICO, and Progressive were not listed in JD Power’s Life Insurance Customer Satisfaction Survey, but that’s not surprising since none of them have a strong presence in the market. life insurance. However, they all offer term and permanent life insurance products.

Read more: Progressive insurance review – national carrier with low rates for auto, home and life insurance

No matter which company you choose, it’s important to understand that there are two types of life insurance: permanent life insurance and term life insurance. Term life insurance lasts for a set period of time. When it’s up, you can reapply for coverage, but premiums will most likely increase with age.

Permanent life insurance never expires, has a death benefit for your beneficiaries, and a cash value you can use while you’re alive. Some financial advisors recommend a combination of term and permanent life insurance.

Here is a comparison of life insurance features from Allstate, GEICO, Progressive, and State Farm.

Read more: State Farm review – national carrier with highly rated customer service

Reliability comparison

We looked at complaints filed with the NAIC Complaints Index and financial strength based on AM Best ratings. Allstate’s complaints index is a bit higher, meaning more complaints have been filed against it than other major insurers.

State Farm and Allstate are among the more established insurance companies with reasonable rates, but GEICO and Progressive have even lower rates. However, when it comes to customer satisfaction, State Farm stands out.