Top 5 Insurance Companies in Brooklyn, NY
The average cost of auto insurance in Brooklyn is on the higher side, at $4,133. Auto insurance premiums here can range anywhere between $2,213 and $7,355. Car owners can save up to $1,650 if they compare multiple auto insurance quotes from different insurance companies. The cost of auto insurance can vary from one neighborhood to another. The top 5 auto insurance companies in Brooklyn are listed below:
GEICO leads the way in New York with a market share of 32.58%. It has 4,555,220 direct premiums written, and 4,481,545 direct premiums earned. J.D. Power has given GEICO a score of 823/1000., which is considered to be “above average”.
Founded in 1931, Allstate is one of the leading insurance providers in the country. It is second on this list with 1,897,997 direct premiums written and 1,883,643 direct premiums earned. This gives it a market share of 13.57% in New York. J.D. Power rates Allstate as an “above average” insurance provider with a score of 831/1000.
State Farm is a close third with a market share of 12.56%. It has 1,756,075 direct premiums written and 1,762,321 direct premiums earned. J.D. Power gave it a high score of 845/1000, which is considered to be “better than most”.
Progressive was established in 1937. It has a market share of 10.57% and is fourth on this list behind State Farm. It has 1,477,674 direct premiums written and 1,432,780 direct premiums earned. J.D. Power gave Progressive a score of 815/1000.
Liberty Mutual completes the list of the top 5 auto insurance companies in New York, with a market share of 5.45%. Liberty Mutual has 761,979 direct premiums written and 739,195 direct premiums earned. J.D. Power has given it a score of 819/1000, which is not very high when compared to the other insurance providers on this list.