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If you look online, you will find that there are a lot of lists when it comes to finding the top 10 car insurance companies. This can be frustrating and confusing for people who are looking to purchase auto insurance from a company that falls under this category.

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The list provided here is based on statistical data provided by the Insurance Information Institute (III). This is an organization dedicated to providing both insurance companies and individuals with information regarding America’s buying trends when it comes to insurance of any kind.

According to III, the top 10 insurance companies in the US are:

State Farm Mutual

Allstate Corp.

Berkshire Hathaway Inc.

Progressive Corp.

Zurich Financial Services Ltd

Nationwide Mutual Group

Liberty Mutual Holding Co.

USAA Insurance Group

Travelers Companies

American Family Mutual Insurance Co.

Why are these the top 10 car insurance companies?

In this case, the top 10 care insurance companies were determined by how many policies each company has written and how many claims each company successfully paid to their policyholders. This information is collected from insurance companies as well as through rating companies such as A.M. Best and Standards & Poor’s.

You may be thinking that the amount of policies a company writes or how many claims they have paid really doesn’t have a bearing on how good of a company they are. However, these things are directly related.

An insurance company that continues to grow each year because they are writing more policies tends to be financially strong, which is an important element when choosing an insurance company. In addition, companies that experience growth do so for a reason, because they have a good reputation and people want to do business with companies that have a good reputation.

You also want to choose a company that has a strong claims payment rating. This means that if you have an accident, your insurance company is going to be more likely to pay your claim. Again, this is a very important reason to choose an auto insurance company.

Now, it is important to note that none of these ratings are based on the affordability of each company. This is another factor that is going to be important to you, however an affordable company is not necessarily the very best company that you can choose, but if you can’t afford the premiums, then it doesn’t matter how good an insurance company is.

Should I buy my insurance from one of the top 10 car insurance companies?

This is an interesting question and the answer is going to have to come from you. Here are some things to consider, however.

First of all, State Farm and Allstate are well known for being the more expensive choices for auto insurance and as you can see, they are the top two ranked companies by III. Some of the other companies don’t sell insurance in every state, making it impossible for some people to consider them.

In addition, you have some glaring omissions, such as GEICO, esurance.com and more. Just because these companies aren’t on the list doesn’t meant that they aren’t excellent choices, they simply didn’t make the top 10 list. With over 100 auto insurance companies in the US, you don’t have to choose from the top 10 list to make a good choice.

The bottom line is that if you choose one of the companies on the top 10 list, then you are likely, but not guaranteed, to be happy with your entire experience. However, you should not limit yourself to only these choices.

Is there a most affordable top 10 car insurance company list?

Unfortunately, there is no official list of for the top 10 most affordable auto insurance companies. However, with some research we found that website after website listed the same three companies as the most affordable:

GEICO

Progressive

Esurance.com

Unfortunately, there wasn’t much consistency when it came to other companies. Of course, definitions of cheap car insurance are subject to opinion and income.

Fortunately, you don’t need a top 10 list to find the most affordable companies. Instead, you need to use our free quote tool and get quotes from the companies that have the most affordable plans for you. That’s really what you’re most interested in anyway, right?

You can start right now by entering in your zip code. You will have to answer a few questions about your driving history and who else might be driving your car and then you will get your instant quotes. Why worry about the top 10 car insurance companies in terms of affordability when you can learn right now the best ones for you?