Top Auto Insurance Companies in Texas
The top auto insurance companies in Texas are State Farm, Farmers, and Allstate, with State Farm making up one-fifth of the state’s auto insurance market (20.3 percent) with roughly $2.66 billion in written premiums. Scroll down to see how your provider lands on this list of the top car insurance companies in Texas.
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UPDATED: Oct 26, 2021
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Below is a list of the top auto insurance companies in Texas, based on written insurance premium. Keep in mind that these companies aren’t necessarily the top rated, just the most frequently used. The insurance industry in Texas is just as large and diverse as the people. It’s not just separated by things like liability and comprehensive or collision coverage.
As you can see, State Farm was the top auto insurance provider in Texas in 2009 (the most recent data available), according to a recent report from the Independent Insurance Agents of Texas.
The company grabbed 20.3% market share with roughly $2.66 billion in written premium, followed by Farmers, which raked in 13.4% market share with slightly more than $1.76 billion in written premium.
Allstate grabbed the third spot with 11.8% market share and $1.55 billion in written premium, followed closely by Progressive, with 8% market share and $1.04 billion in written premium.
Rounding out the top five was GEICO (Berkshire Hathaway), with 6.8% market share and $890 million in written premium.
A number of other notables are in the top 20, including USAA, Liberty Mutual, Amica, MetLife, and Mercury General.
What kind of auto insurance coverage can you expect for these rates?
This report looks at total insurance written for both private passenger liability insurance and physical damage coverage. In short, these are liability only policies that meet the state minimum requirements in the state of Texas. Many sample quotes also use a driver with a clean driving record. If you have a few tickets, want more than the minimum coverage, etc., your rates could change dramatically.
While many insurance companies look at the same factors when determining your averages rates, they weight the same factors differently. In other words, your first accident could cost you more with one insurer and less with another. Your zip code or credit score may have a larger impact with some insurers’ average rates as well. Whether you want liability only auto insurance policies or more comprehensive coverage, lists of the top insurance companies or the “lowest average rates” won’t give you what you need.
If price is your main concern, you can get insurance quotes online and/or contact your local independent agent to explore average rates. You can compare liability only for minimum coverage, comprehensive and collision, personal injury protection, and much more. If you have a car with a lot of custom parts or other additional coverage needs, you may be better off contacting an agent or customer service to review available coverages.
Remember, the insurance company with the greatest volume may not be the most cost effective choice for you and your insurance needs.
Read more: How are car insurance rates determined?
(top photo: littleblackspotonthesuntoday)