Top 10 Auto Insurance Companies in the World in 2023

Insurance companies are a blessing in disguise as they offer financial protection against damage or loss to both individuals and properties. We live in a world of uncertainties where one does not know what will happen next. In such dire circumstances what happens when a person has to go through an adverse situation for instance loss of life or damage to vehicle, property, machinery etc.

Insurance companies evaluate the risk and issue policies to the client based on their assessment. It is a legal document that is accepted by law as a legal contract between the policyholder and the insurance provider.

Generally, insurance agents or brokers handle the contract business for mutual product and services and coverage options between the insurance company and the customer or the insurer and the insured

The insurance business has proved to be very lucrative and this is why you will find several new entrants in the market besides the traditional ones that have been in the business for a long time.

Let us go through some of the best insurance companies in the world who were able to meet the expectations of their policyholders.

What is Auto Insurance Policy?

People often have car insurance policies to save themselves from unnecessary expenses caused by damage or accident. Several countries have made it mandatory to have automobile insurance whereas in some places it depends upon individual preferences.

General auto insurance policies offer protection against damage to the personal vehicle as well as the vehicle of the other person, body injury in case of an accident, medical expenses incurred because of the accident, and roadside assistance.

It is a win-win situation for the policyholder who no doubt has to pay a premium but at the end of the day can save himself from unwanted high expenses.

Auto insurance has become very necessary in the current market scenario as it offers help when a person needs it most. Insurance policies can be taken out for most of vehicles like a motorcycle, personal car, trucks, buses, lorry etc. In most cases, the insurers include drivers in the coverage options so that both the vehicle and the life of the drivers are covered through the insurance policies

Some insurance companies also provide bundled insurance coverage that includes both auto and homeowner’s insurance where the property, the vehicle and the drivers are all insured and offered suitable protection against damage

Let us go through the following 10 largest and best auto insurance companies in the world in 2023 to know about them in detail.

Largest Auto Insurance Companies in 2023

1. State Farm

• Market Share: 16%
• Premiums Written: 41.1 billion USD
• Average half-year premium: $307
• Credit Ratings: A++
• Employees: 60,000
• Agents: 19,000
• Origin Country: United States of America
• Founder: George Jacob Mecherle
• Founded: 7th June 1922
• Headquarters: Bloomington, Illinois, U.S.

General Overview

State Farm has the distinction of being the largest auto, property and casualty insurance provider and the leading watercraft and small business insurer in the United States. The company is owned by policyholders and operates as a mutual insurance business.

With more than 44 million auto policies under its belt, the company is no doubt the largest insurer in the United States.

The insurance company has exclusive local agents or licensed Captive Agents aligned to the business to do their bidding, get a quote and act as brokers between the insured and the insuring company.

Products or services

If a customer is interested in State Farm insurance policies then he will have to deal with State Farm agents as only they have the authority to sell State farm products or services. These agents help the customer to look at insurance coverage, get a quote and know about the various options open for them.

State farm deals in three divisions State Farm Bank and mutual funds under financial services and insurance. It offers a wide range of insurance options to its customers like auto, renters and home insurance.

The company has a mobile app where a potential customer can go through policies and related information and members can get a quote, pay insurance premiums, get roadside assistance and file claims. Members can post reviews or grievances on the company website.

Automobile Insurance Coverages

As part of the automobiles insurance coverage, State Farm offers standard car insurance coverages to its customers. It includes several services like protection against personal injury, collision and comprehensive coverages, underinsured/uninsured motorist and liability coverages along with policy-add-ons like rideshare coverages, travel expenses coverage and rental car coverages.

Auto Insurance Rates

The company offers the cheapest rates for car insurance but it is not so cheap for homeowners and drivers. It means that the premium for automobiles as a whole is quite expensive if you compare it with the ones offered by other companies like Geico and Progressive.

If State Farm is the insurer and it is selling a policy to a 20-year male, 20-year female or a family that has a teen driver then the premium amount is $3,275, $5,196 and $8,821 respectively. If compared with other insurers it is very expensive.

The best part is that the premium rate varies by driver profile and region. Most drivers can avail themselves of the discounts that are offered by the business like the “Drive Safe and Save” discount that will result in reasonable and affordable rates.

The impeccable personalized customer service through Captive Agents, as well as numerous discounts, makes State Farm one of the best in business. “The Steer Clear Driver” program has been a hit with customers all over the world.

2. GEICO

• Market share: 13.9%
• Premiums written: $88.9 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $307
• Credit ratings: A++
• Origin country: United States of America
• Founders: Leb Goodwin Sr. and Lillian Goodwin
• Founded: March 1, 1936
• Headquarters: Chevy Chase, Maryland, United States
• Employees: more than 38,000
• Parent company: Berkshire Hathaway

General Overview

GEICO or the Government Employees Insurance Company has the distinction of being the second-largest auto insurer in the United States. It has been an underwriter or underwritten agent to at least 16+ million auto policies that had insured 28+ million vehicles. GEICO has assets of more than $32 billion.

GEICO operates its business through three claim centres, nine regional offices and another three service centres. At the initial stage, its customer base included military personnel and U.S, government employees but later the company also ventured into the private sector. It is one of the best auto insurance companies for college students

Product or services

GEICO is one of the best insurers for the customer who is looking for low rates, multiple lines of insurance, coverage options, discounts and a preference for online services.

The agency sells policies through traditional one-on-one direct dealings with help of GEICO Field Representatives or licensed local agents, mobile app and company website. Interested parties can get a quote from the mobile app, website and independent agents.

Products and services have covered auto, homeowner and homeowner bundle, condos (theft, vandalism, smoke, fire, and windstorm), mobile homes (personal property, adjacent structure and personal liability), flood, motorcycles, car, ATV, jewellery and umbrella policies.

If the driver is above the age of 50 the answer to his dilemma is to take out a benefits policy which is covered under the program “Prime Time Contract”.

The “Auto Repair Program” has covered repair guarantees if the customer has taken out GEICO policy for a personal vehicle.

The company provides a car buying service to GEICO members who want a better deal on a new car. The insurer acts as an agent that connects the customer with a local dealership and makes sure that the answer to all his problems is GEICO and he is getting the best available offer.

It is not good for high-risk drivers to take out policies in GEICO as they will have to pay a much higher amount compared to other agencies. The company also offers insurance coverage if SR-22 or FR-44 needs to be filed on the customer’s behalf.

The mobile app with easy-to-use online tools and better features is considered one of the best compared with the mobile app of other insurers. The policyholders can go through the various options to assess and manage related information, get a quote, file a claim and pay their insurance bills

Automobile Insurance Coverages

GEICO automobile coverage options include property liability coverages, personal injury and bodily injury, collision and comprehensive insurance, underinsured/uninsured liability coverages, medical payment and Gap insurance for a leased vehicle.

The company also offers mechanical breakdown, emergency road service, rideshare coverages, accident forgiveness, rental reimbursement and glass coverage.

Auto Insurance Rates

GEICO offers low and affordable rates for services provided as well as great customer service. The company offers numerous automobile insurance discounts like Federal Employee Discount, Military Discount, Defensive Driver’s Discount, Usage-Based Discount, Driving History Discount, Multi-policy Discount, Student’s Discount and Vehicle Equipment Discount etc.

If GEICO is the insurer and it is selling a policy to a 20-year male, 20-year female or a family that has a teen driver then the premium amount is $2,378, $2,344 and $3,254 respectively. If compared with other insurers and their insurance offerings and discounts the company is considered quite affordable.

3. Progressive Corporation

• Market share: 12.1%
• Premiums written: $86.9 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $307
• Credit ratings: A+
• Origin country: United States of America
• Founders: Joseph M. Lewis and Jack Green
• Founded: March 10, 1937
• Headquarters: Mayfield Village, Ohio, United States
• Employees: 43,000
• Annual revenue: $55.88B (as of June 30, 2023)

General Overview

Progressive Corporation is the third-largest auto insurer and insurance company in the United States. It has spread its presence to the international market of Australia. The company ranked 88th on the 2023 Fortune 500 list of the top American corporations.

The 3rd largest auto insurer of private passengers is also the largest insurer of motorcycle, commercial truck, commercial auto and speciality RV.

Product or services

Progressive Corporation is the first auto insurer to create a website and allow clients and customers to purchase policies through the site. With time it also allowed the use of smartphone app and mobile browsers to manage and rate policies.

Progressive Corporation has been true to its name as it has been one of the innovative insurance companies of its time. It was the first company to offer 24/7 claims reporting. It offers life insurance, pet, home and health insurance, and various other solutions with help of select companies.

Currently, customers can purchase policies in person, by phone through independent licensed agents and online through its site.

If a customer decides to buy a homeowner insurance policy with Progressive Corporation then he will have to deal with the company that has underwritten the policy

Product and services from the one-stop insurance provider occur through three segments Commercial Auto (primary liability and physical damage for trucks and automobiles owned by business with help of independent agency channel), Personal Lines (motorcycles, RVs, trailers, private passenger cars, recreational/commercial vehicles and boats with help of direct as well as independent agency channel) and Other-Indemnity (professional liability to community banks and policy insurance).

Automobile Insurance Coverages

Progressive Corporation automobile coverage options include almost all the auto coverages that you can think of like liability coverage, uninsured motorist property damage, protection against bodily injury, collision and comprehensive coverage, underinsured/uninsured liability coverage, medical payment and Gap insurance for a leased vehicle along with some special ones like pet injury, rental reimbursement and custom parts and equipment value coverage.

Auto Insurance Rate

Progressive Corporation offers a competitive premium rate to drivers with accident records, experienced as well as conservative drivers. The coverage options and customer satisfaction ratings of the company are considered average.

Home and renters rate is a bit expensive if compared with other insurers. Progressive underwritten policy model is not as convenient and consistent as other companies so consider a policy with Progressive Corporation only if you have lots of properties.

If Progressive is the insurer and it is selling a policy to a 20-year male, 20-year female or a family that has a teen driver then the premium amount is $4,758, $4,074 and $5,930 respectively. If compared with other insurers it is considered a balance between expensive and affordable.

4. Allstate

• Market Share: 9%
• Premiums Written: 23.8 billion USD
• Average half-year premium: $ 624
• Credit Ratings: A+
• Origin Country: United States of America
• Founded: 17th April 1931
• Headquarters: Northbrook, Illinois, U.S.
• Employees: 54,500 (as of 2022)
• Annual Revenue:  $52.862B (as of March 31, 2023)
• Market Cap: $26.92B (as of July 18, 2023)

General Overview

Allstate is the fourth-largest auto insurer and insurance company and second-largest publicly traded casualty and property insurance company in the United States and is available in 27 places. It has personal lines insurance operations in Canada.

Allstate has local licensed agents attached to its business who acts as brokers, get a quote and handle policies for the company.

One of its subsidiaries Esurance handles brand-sensitive customers needing insurance policies whereas Allstate is responsible for drivers who need to get a quote through local and personal service.

Product or services

The insurer Allstate offers protection to the insured against various types of loss and damage.

Product or service portfolio includes Insurance products (auto, commercial auto, life insurance, home insurance, motorcycle, renters, asset protection, scheduled personal property, commercial inland marine, business package policy, motor home insurance, mobile home insurance, loan protection and personal umbrella), Wealth Transfer (fixed survivorship life, estate planning products, long-term care and supplement health) and Financial Products (life insurance and retirement and asset management and accumulation)

Automobile Insurance Coverages

Allstate offers standard coverage to the insured. The insurer provides rideshare coverages to Lyft and Uber drivers. It has several programs in place to fulfil its responsibility towards the insured like “Your Choice Auto”, Safe Driving Bonus Check, Accident Forgiveness, New Car Replacement and Deductible Rewards.

There are various coverages for the insured like Gap insurance, rental reimbursement, rideshare coverages, roadside assistance, uninsured motorist, physical damage and liability coverage.

Auto Insurance Rate

If Allstate is the insurer and it is selling a policy to a 20-year male, 20-year female or a family that has a teen driver then the premium amount is $5,352, $4,532 and $8,654 respectively.

If compared with other insurers it has a higher premium amount and is considered expensive but the numerous discounts at the end of the day make it one of the affordable insurers. However, the claims satisfaction ratings are only average.

5. USAA

• Market Share: 6%
• Premiums Written:$20.1 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $ 223
• Credit Ratings: A++
• Employees: 32,000
• Origin Country: United States of America
• Founded: 20th June 1922
• Headquarters: San Antonio, Texas, U.S.

General Overview

USAA or the United Services Automobile Association was founded by U.S. Army officers who wanted mutual insurance or a better auto deal. The company offers banking services as well as insurance policies only to the military like the past and current army personnel, officers and enlisted and families, cadets and midshipmen.

USAA is the best insurer for the new vehicle owner, first-time drivers and owners of expensive houses. The company does not offer policies to members who are not from the armed forces so if you are an ordinary citizen you cannot be a member or a customer of the company.

Product or services

USAA products or services include banking, retirement, investments, financial planning, brokerage and insurance.

USAA insurance line of business offers a wide range of policies and coverage like personal property and casualty (renters, homeowners and auto), personal property, umbrella, whole life, annuities and term life insurances.

The life insurance policy offered by USAA is considered the best as it does not have a war-exclusion clause in the life insurance deal

USAA website is one of the best sites in terms of tools and information compared with other insurers. Customers and members can get a quote, access, change and manage policies, pay bills and get proof of insurance on the website.

USAA mobile app helps customers to connect with roadside assistance and report automobile insurance claims.

Automobile Insurance Coverages

USAA offers standard coverage to the insured like liability coverage, collision and comprehensive insurance coverage, underinsured/uninsured liability coverage, medical payment, car replacement assistance coverage, rental reimbursement, accident forgiveness, rideshare gap protection and towing, Gap insurance, glass coverage and labour coverage.

USAA auto discounts include multi-policy discounts, vehicle equipment discounts and multivehicle discounts like a family discount, annual mileage, military installation, good student and new vehicle discount.

Auto Insurance Rate

USAA is one of the best auto and home insurance companies in the country with competitive rates, speedy claims response and impeccable customer service for policyholders.

The company provides better coverage for active service members like waived deductibles for uniforms and a 60% insurance discount on stored cars if the member is deployed

USAA homeowner coverage options include identity theft, military-specific benefits, landlord coverage and full replacement cost to home and belongings.

6. Liberty Mutual Group

• Market share: 4.9%
• Premiums written: $12.760 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $638
• Credit ratings: A
• Employees: Over 50,000
• Origin country: United States of America
• Founded: July 1, 1912
• Headquarters: Boston, Massachusetts, United States

General Overview

Liberty Mutual Group was created as a mutual insurance company owned by the policyholders, who are shareholders that hold insurance contracts. In the year 1914, the company wrote its first insurance auto policy and in the year 1917, changed its name to Liberty Mutual Insurance Company and started offering full-coverage insurance auto policies.

The global insurer Liberty Mutual Insurance Company is the third-largest casualty and property insurance company in the United States. It has spread its presence to the national and international market with operations in 29 countries through 900 locations.

The insurance company is the best option for drivers who have a clean record, homeowners looking for property insurance under $200,000 and renters who qualify for the discounts. It is not at all advisable option for people looking for the cheapest renters or homeowners insurance and drivers with older cars.

Product or services

Liberty Mutual is an international company with a wide range of insurance products or services in its portfolio that includes personal insurance, casualty insurance, health insurance, homeowner insurance, automobile insurance, fire insurance, group disability insurance, global specialty insurance, general liability insurance, commercial automobile insurance, commercial multiple peril insurance, workers compensation and surety.

The customer interested in a policy from Liberty Mutual insurance company can access and get a quote through the company website, call a local Liberty Mutual agent, broker or representative or get related information through a call center.

Automobile Insurance Coverages

Liberty Mutual Group insurance company offers standard coverage for auto, renters and homeowners insurance to the insured. The customers can avail themselves of discounts and lower their premiums easily.

The optional extras with standard offers are glass protection, better car replacement, Liberty Mutual deductible fund, personal injury protection, 24-hour roadside assistance and uninsured/underinsured motorist cover.

The car insurance discounts offered by Liberty Mutual includes Accident-Free Discount, Online Purchase Discount, Violation free Discount, RightTack Discount, Homeowner Discount, Vehicle Safety Discounts, Paperless Policy Discounts, Preferred payment Discounts and Accident Prevention Course Discount.

Insurance Auto Rate

Liberty Mutual insurance auto rate varies by location and the company’s claims satisfaction rank below average. When compared with other insurance companies the rate tends to be expensive and the complaint data showed that the company had a high number of consumer complaints against it.

7. Farmers Insurance Group

• Market share: 4.1%
• Premiums written: $11.235 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $553
• Credit ratings: A
• Employees: 21,000
• Agents: 48,000
• Origin country: United States of America
• Founders: Thomas E. Leavey and John C. Tyler
• Founded: 1928
• Headquarters: Los Angeles, California, United States

General Overview

Farmers Insurance Group referred to as Farmers is a company of homes, automobiles and small businesses that offer financial services and insurance products.

The seventh-largest insurance company in the United States offers the maximum number of products and related benefits to its wide range of customers.

Farmers through its employees have underwritten 19+ million policies in 50 states. Additionally, Farmers Insurance offers auto insurance coverage options in 43 different states. It is one of the best insurers if the homeowner owns a home built less than 14 years ago, drivers with a recent vehicle and ride-hailing service drivers like Lyft and Uber drivers

Products or services

Farmers product or service portfolio includes basic automobile insurance, home insurance (homeowners, condo and renters insurance, mobile and manufactured home insurance, landlord and rental properties home insurance, seasonal home insurance, vacation home insurance and flood insurance), motorcycle insurance, life insurance (universal life insurance, whole life insurance and term life insurance), recreational insurance, business insurance (commercial auto, property, commercial property owners, offices etc) and financial products and services (variable annuities and mutual funds)

Farmers Insurance Group offers its products or services through independent and exclusive agents associated with the business. Customers can call the licensed agents directly and ask for a quote and know which option among the wide range is best for them.

Automobile Insurance Coverages

Farmers Insurance Group insurance company offers standard policy coverage for auto, renters and homeowners insurance to the insured. It also offers optional policy coverages at extra pay like the Towing & Roadside Assistance, Farmers Rideshare and New Car Pledge.

The car insurance discounts help to bring down the premium rate considerably and ultimately benefits the customer.

Auto Insurance Rate

Farmers insurance company is known to offer decent discounts, competitive pricing and great customer service.

The claims process is very fast because of a strong network of independent agents available across all 50 states except the District of Columbia.

The rate when compared with competitors is a bit high for instance a 35-year old driver who has a clean record will have a 67% higher rate than another insurance company like GEICO and the home insurance rate will be 30% higher than the rate offered by Allstate.

8. Nationwide Mutual Insurance Company

• Market share: 3.1%
• Premiums written: $7.87 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $443
• Credit ratings: A+
• Employees: 25,391
• Origin country: United States of America
• Founded: 1926
• Headquarters: Columbus, Ohio, United States
• Annual revenue: $42.4 billion USD

General Overview

Nationwide Mutual Insurance Company, commonly referred to as Nationwide, is a group of financial services and insurance companies that have been able to make a distinct mark on the insurance sector of the USA. It is ranked No. 83 in the 2023 Fortune 500 list. Nationwide is currently ranked No. 21 in Fortune’s “100 Best Companies to Work For”.

It is the best option for homeowners needing upgraded coverages and riders wanting basic motorcycle insurance. Car drivers looking for the cheapest rates will have to look at other options.

Products and services

Nationwide business is spread across personal, financial and commercial lines in all 50 states. It is the answer to various issues because the range of solutions depends upon the resources of the insured.

The wide range of products and services covered by Nationwide include domestic property insurance, casualty insurance, retirement savings, life insurance, strategic investments and asset management.

Customers can call the licensed agents directly and ask for a quote and know which policy among the wide range is best for them.

The company website is updated regularly so that members can visit the site anytime, manage and pay a premium for their policy.

The social media platform SPOT offers a unified experience to employees. The insurance agency has launched “Nationwide Mobile App”, a free-of-cost iPhone app for Nationwide automobile drivers that helps in taking steps after an accident, start the claims process, exchange insurance and accident information and find company-certified local repair shops.

Automobile Insurance Coverages

Nationwide Mutual Insurance Company offers standard coverages, benefits and discounts. The insurance coverages include liability coverages, collision and comprehensive insurance coverages, underinsured/uninsured liability coverages, medical payment, rental car reimbursement, accident forgiveness, personal injury protection, Gap insurance, roadside assistance and total loss deductible waiver.

Car insurance discount includes accident-free discount, multi-policy discount, safe driver discount and peerless billing discount etc.

It has some of the best deals and solutions among the insurers for a client that wants to bundle auto and home insurance policies.

Auto Insurance Rate

Nationwide Mutual Insurance Company’s car insurance and home insurance is a bit expensive compared with other insurers. The discounts can minimize premiums and increase savings

Its motto “On Your Side” has proved apt as it influences the way policies are underwritten, the terms are covered, premiums are determined and insurance auto policies are handled. An annual check-up is recommended by the insurer so that the insured can understand the benefits, discounts and new changes to keep the insurance coverage steady

9. American Family Insurance

• Market share: 2.4%
• Premiums written: $7.0 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $387
• Credit ratings: A
• Employees: 27,000
• Origin country: United States of America
• Founded: 1927
• Headquarters: Madison, Wisconsin, United States

General Overview

American Family Insurance is a private mutual Fortune 500 company that was established to provide insurance coverages to farmers. Currently, it has opened doors to non-farmers as well and is considered one among the largest 10 insurers in the United States by market share.

The insurance company is responsible for underwritten policies in 17 out of the fifty states. It is the best answer if a homeowner is looking for customized home insurance policies, parents looking for auto policies for their teens and if a client wants to bundle auto and homeowners policies.

Products and services

American Family Insurance has covered a wide range of products and services that include whole, term and life insurance, personal umbrella insurance, business and personal automobile insurance, motorcycle, boat and car insurance and global medical insurance etc.

The insurer has a mobile app AmFam’s DreamVault Mobile App that helps members and policyholders to file claims, manage insurance billing, view insurance policies and catalogue their belongings so that it becomes easy to file an insurance claim for homeowners.

It is also possible to visit the company website and manage the policy through the site.

Interested parties can call company representatives and get a quote to know about the best available options.

Automobile Insurance Coverages

American Family is responsible for some of the best auto and homeowners insurance policies and discounts. It is average when it comes to claims and customer satisfaction.

Besides the standard coverages, the company also offers rental car reimbursement, rideshare automobile insurance, lease and loan gap coverage, emergency roadside service, collision and comprehensive insurance coverages, liability coverages, underinsured/uninsured motorist coverages and medical payments

The insurance auto discounts include Loyalty and Sign-up discounts, KnowYourDrive Discount and Teen Safe Driver Discount.

Auto Insurance Rate

American Family offers some of the best auto, renters and homeowners insurance premium quotes. If compared with other insurers the premium is far cheaper. Drivers can apply discounts and lower the premium rate.

10. Travelers

• Market share: 2.2%
• Premiums written: $6.7 billion USD (for the year ending December 31, 2022)
• Average half-year premium: $623
• Credit ratings: A++
• Employees: 30,000
• Independent agents: 13,500
• Origin country: United States of America
• Founded: 1853
• Headquarters: New York City, New York, United States
• Total revenues: $9704 billion USD (As of March 31, 2023)

General Overview

Travelers Companies Inc., referred to as Travelers has the distinction of being the second-largest underwritten company of commercial property casual insurance and the sixth-largest underwritten company of personal insurance via independent and licensed agents in the United States.

Products or services

The insurer Travelers offer a wide range of products and services that has covered Personal Insurance (auto, home and other insurances), Business Insurance (property and casualty) and Bond and Specialty Insurance (financial liability, crime and surety).

Travelers insurance company has numerous resources at its beck and call. It takes the help of independent agents to broker a deal with potential clients. It offers services to individuals, associations, government units and businesses.

Automobile Insurance Coverages

Travelers offer almost all types of automobile insurance coverages to clients like collision and comprehensive insurance coverages, liability coverages, protection against personal injury, underinsured/uninsured motorist coverages and medical payments. It also offers some unique ones like Loan Gap Insurance, Premier New Car Replacement, Rental car Coverages, Ride Sharing, Roadside Assistance and Accident Forgiveness Plan.

Auto Insurance Rate

The rate of auto and homeowners insurance offered by the insurer is no doubt a bit expensive if compared with other insurers but it can be brought down through available discounts

Travelers has a rate pricing program called IntelliDrive that helps to determine the premium rate and get a quote after assessing the driving behaviour of the driver through the mobile app. This mobile app often helps to minimize the insurance rate by 20% if the driver shows impeccable driving behaviour.

Conclusion

Insurance Companies have proved their worth as they have been able to meet the expectation of the policyholders. It is important to be prepared for the surprises that life throws at you and the best way to do so is by taking out the policies that you consider necessary for instance health insurance, life insurance and auto policies

Choose the right insurer by looking at the resources and comparing quotes of multiple insurers and then selecting the one which offers the best rates that will fit your individual driver history and profile. Avail of the discounts to lower down the premium and make sure it is you who benefits from the policy and gets the best out of the deal