Top 5 Car Insurance Companies by Market Share in San Jose, CA

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The average rate of insurance in San Jose is $1,377. Car insurance rates in San Jose fluctuates between $969 and $2,125. But, car owners here can save up to $550 by comparing multiple car insurance quotes from different car insurance companies. The cost of auto insurance can depend on numerous factors ranging from the make and model of the car to the age and gender of the driver. It also depends on factors such as the neighborhood one lives in, in San Jose. This is because the rate of auto thefts differs from one neighborhood to another.

Using market share data for California, Zimlon has found the following companies to be the top insurers in San Jose.

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STATE FARM:

State Farm occupies the first spot with a massive 4,106,038 direct premiums written and 4,090,146 direct premiums earned. The company holds a market share of 13.74% in California. State Farm has a rating of 808/1000 in the J.D. Power Auto Insurance Study. One only needs to go as far as State Farm’s online faculty for details of different insurance coverages they provide. The company is credited with a solid rating of A++ by A.M. Best. 

FARMERS: 

Farmers occupies a market share of 10.68% in California. The company has 3,191,341 direct premiums written, and 3,189,468 direct premiums earned. The ease of navigating the Farmers website is an added advantage. Farmers ranks a tad low on the J.D. Power Auto Insurance Study with a score of 805/1000. A.M. Best has given Farmers an A rating for its financial strength in the markets. 

GEICO: 

With 2,897,713 direct premiums written and 2,794,052 direct premiums earned, GEICO is a close third. The company has a market share of 9.69 % in California and enjoys an A.M. Best Rating of A++. GEICO also has a score of 825/1000 by the J.D. Power Auto Insurance Study and also received the “Better Than The Most” tag. 

ALLSTATE: 

Allstate has 2,687,887 direct premiums written and 2,640,022 direct premiums earned in California. Allstate occupies the third spot with a market share of 8.99%. The company was one of the leading insurance companies in the auto insurance market back in 2010. Allstate has a J.D. Power Auto Insurance  score of 808/1000 and an A.M. Best Rating of A+.

AAA: 

AAA enjoys the “Better Than The Most” tag, alongside a J.D. Power Rating of 834/1000. The company occupies a market share of 8.69%. AAA offers an Umbrella Liability Insurance and enjoys an A.M. Best Rating of A. It has 2,598,340 direct premiums written, and 2,470,179 direct premiums earned.