The American auto insurance policy sector is identified by the existence of a lot of players. Some are huge basic insurance provider that have actually expanded right into auto insurance and some are pure play auto insurer. Below are several of the significant players in auto insurance coverage organization.
State Farm Insurance is one such company. It is a national insurer and also one of the biggest general insurance companies in the US. For the year 2003, the firm had an income of regarding $56 billion. Headquartered in Bloomington, Illinois, State Ranch Insurance Coverage is an incredibly popular auto insurance supplier in the US. With a nationwide network of branches and also attractive discount rates for different groups of individuals SFI has an edge over its competitors. SFI is also the biggest insurance firm of cars and trucks, trucks as well as SUVs in the US.
American International Team or AIG is one more huge business. It is the second largest general insurer as well as also the 2nd largest auto insurer in the United States. The Farmers Insurance Policy Team of Companies is one of the largest basic insurance company and also the 3rd biggest auto insurance company in the US. Like SFI, this firm has also got a huge network of branches in all the states in the US.
In addition to these, there are other gamers in the American market. Several of them are 21st century Auto Insurance Group, which has its stamina in auto insurance policy area and also runs in eight states. Some specific niche gamers include Auto Proprietors Insurance, which has actually been operating in the country given that 1916 and covers 22 states across the nation.
One function of the American auto insurance coverage space is that there is area for all gamers? general insurance providers that have diversified into auto insurance policy service as well as auto insurance coverage professionals.