Popular Auto Insurance coverage Businesses The American auto insurance coverage sector is characterized by the presence of a large quantity of players. Some are significant general insurance organizations which have diversified into auto insurance and some are pure play auto insurance coverage companies. Here are a number of the notable players in auto insurance coverage business. State Farm Insurance is 1 such business. It is a national insurance coverage firm and one in the most significant basic insurance organizations inside the US. For the year 2003, the company had a revenue of about $56 billion. Headquartered in Bloomington, Illinois, State Farm Insurance coverage is a extremely popular auto insurance coverage provider in the US. With a nationwide network of branches and eye-catching discounts for various categories of individuals SFI has an edge over its competitors. SFI can also be the largest insurer of automobiles, trucks and SUVs in the US.
American International Group or AIG is a different major corporation. It truly is the second biggest common insurer as well as the second biggest auto insurer inside the US. The Farmers Insurance Group of Companies is among the largest general insurer plus the third largest auto insurer inside the US. Like SFI, this organization has also got a large network of branches in each of the states inside the US. Aside from these, you will find other players inside the American market place. Some of them are 21st century Auto Insurance Group, which has its strength in auto insurance space and operates in eight states. Some niche players include things like Auto Owners Insurance, which has been operating within the nation due to the fact 1916 and covers 22 states across the nation. one function of the American auto insurance coverage space car insurance companies is the fact that there's space for all players ? common insurers who have diversified into auto insurance organization and auto insurance specialists.