Most Popular Auto Insurance Carriers in California
Below are the 10 largest auto insurance companies in California (by market share).
- State Farm 12.9%
- The Automobile Club 8.9%
- California State Automobile Association 6.8%
- Mercury 6.6%
- Allstate 6.4%
- Mid Century Insurance 5.4%
- 21st Century 4.5%
- Farmers 4.4%
- Infinity Insurance 2.2%
- Progressive 2.1%
Source: California Department of Insurance, 2008 Market Share Report.
How to Find the Right Insurance Carrier for You?
Purchasing auto insurance is one of the biggest financial decisions you will make, and it pays to do your research and compare multiple quotes before selecting your policy and your provider. Here is our advice for how you can start your research to find the right insurance carrier for your needs.
Prices vary from insurance company to insurance company, so it pays to shop around. Experts advise consumers to get at least three price quotes before making a purchase decision. You can get in touch with companies or agents by phone or access quotes directly on the Internet by starting your insurance research at a site like QuoteWorkshop.com. Your state insurance department or commissioner's office may also provide comparisons of average prices charged by major insurers licensed to do business in your state.
Financial Stability is Important
You buy insurance to protect your financial future and provide peace of mind in case of a major accident. So, it’s important to pick an insurance company that is financially stable. You can lookup the financial health of all major insurance companies with rating companies such as A.M. Best (www.ambest.com) and Standard & Poor’s (www.standardandpoors.com/ratings) and by consulting consumer magazines such as Consumer Reports (www.consumerreports.org).
Don't Forget About Service
Lastly, while price is important, don’t shop by price alone. Ask friends and relatives for their recommendations and their experiences filing claims with their insurance companies; it's traumatic enough when you're in a car accident, without having to worry about whether your insurance company will provide your with the high level of service you deserve. In addition to looking up user reviews on sites like QuoteWorkshop.com and Consumer Reports, be sure to contact your state insurance department (or look on their websites) to see whether they have data on consumer complaints against the insurance companies you are considering.