The American auto insurance coverage sector is characterised by the presence of numerous gamers. Some are massive normal insurance coverage firms which have diversified into auto insurance coverage and a few are pure play auto insurance coverage firms. Listed here are among the notable gamers in auto insurance coverage enterprise. auto insurance sr22 california
State Farm Insurance coverage is one such firm. It’s a nationwide insurance coverage firm and one of many largest normal insurance coverage firms within the US. For the yr 2003, the corporate had a income of about $56 billion. Headquartered in Bloomington, Illinois, State Farm Insurance coverage is a highly regarded auto insurance coverage supplier within the US. With a nationwide community of branches and engaging reductions for varied classes of individuals SFI has an edge over its opponents. SFI can also be the biggest insurer of automobiles, vehicles and SUVs within the US.
American Worldwide Group or AIG is one other huge firm. It’s the second largest normal insurer and in addition the second largest auto insurer within the US. The Farmers Insurance coverage Group of Firms is among the largest normal insurer and the third largest auto insurer within the US. Like SFI, this firm has additionally received a big community of branches in all of the states within the US.
Aside from these, there are different gamers within the American market. A few of them are 21st century Auto Insurance coverage Group, which has its power in auto insurance coverage area and operates in eight states. Some area of interest gamers embrace Auto House owners Insurance coverage, which has been working within the nation since 1916 and covers 22 states throughout the nation.