The American auto security against loss sector is characterized by the presence of a large number of players. Some are wide general insurance companies that have diversified into auto insurance and some are pure play auto insurance companies. Here are some of the worthy of notice players in auto insurance business.
State Farm Insurance is one of the like kind company. It is a national insurance company and one of the biggest captain-~ insurance companies in the US. For the year 2003, the firm had a revenue of about $56 billion. Headquartered in Bloomington, Illinois, State Farm Insurance is a to a high degree popular auto insurance provider in the US. With a nationwide netting of branches and attractive discounts for various categories of people SFI has an edge over its competitors. SFI is also the largest insurer of cars, trucks and SUVs in the US.
American International Group or AIG is another big company. It is the second largest general insurer and also the second largest auto insurer in the US. The Farmers Insurance Group of Companies is unit of the largest general insurer and the third largest auto underwriter in the US. Like SFI, this company has also got a wide network of branches in all the states in the US.
Apart from these, in that place are other players in the American market. Some of them are 21st hundred Auto Insurance Group, which has its strength in auto insurance capacity and operates in eight states. Some niche players include Auto Owners Insurance, that has been operating in the nation since 1916 and covers 22 states from one side of to the other the nation.
One feature of the American auto insurance space is that in that place is room for all players ? general insurers who have diversified into auto insurance business and auto insurance specialists.
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