Popular auto insurance coverage businesses
The American auto insurance coverage sector is characterized by the presence of a large quantity of players.
Published on: Mar 4, 2016
Transcripts - Popular auto insurance coverage businesses
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 eyecatching 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 is the fact that there's
space for all players ? common insurers who have diversified into auto insurance organization and auto