Top 5 Car Insurance Firms in California According to Market Share

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Zimlon examined data from the 2019 market share report published by the National Association of Insurance Commissioners (NAIC) to identify the top 5 insurance firms providing car insurance in California.

Progressive Group

Progressive group is the car insurance firm with the highest market share in California with a 9.41% market share. AM best gave progressive a rating of A+ for their superior ability to meet their current financial obligations. Progressive wrote about 325,506 in direct premiums and 298,641 in direct premiums earned.

Liberty Mutual Group

Liberty Mutual is the firm with the second-highest market share in the car insurance market share in California with a 6.82% market share. AM best gave Liberty Mutual a rating of A for their excellent ability to meet their current insurance obligations. Liberty mutual wrote about 236,129 in direct premiums and earned about 235,365 in the direct premiums.

Travelers Group

AM best gave travelers insurance a score of A++ for their superior ability to meet their current insurance obligations. Travelers wrote about 215,193 in direct insurance premiums and earned about 199,747 in direct insurance premiums written. Travelers hold a 6.22% market share in the car insurance market segment in California.

Nationwide Group

With about 5.97% market share of the car insurance segment in California, Nationwide Group is also a predominant player in the car insurance segment. In 2018 Nationwide wrote about 206,745 in direct premiums and 204,397 in direct premiums earned. Am best gave nationwide a raking of A+ for their superior ability to meet their ongoing insurance obligations.

GEICO

GEICO wrote about 141, 483 in direct insurance premiums and earned about 117,770 in direct insurance premiums earned. AM best gave Berkshire Hathaway Group a rating on A++ for their superior financial ability to meet their ongoing insurance obligations. Berkshire Hathaway group has a 4.09% market share of the car insurance segment in California.