This article provides a list of insurance companies in the United States. The list includes organizations that provide full coverage solutions for your home, auto, health, life and many other thing. In addition, many of the companies on the list provide financial products and services, including investments, mutual funds, annuities, 401(k) plans, and other financial products and services.
What is an Insurance Company?
Insurance is a form of risk management that is used to hedge against the risk of a loss of something such as life, property or personal items. It can also be defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.
An insurer or insurance company sells coverage products, security and sometimes financial services. Although, most companies that operate in this industry would say that they offer “peace of mind” or “protection” to safeguard people from accidents, disasters or the unknown.
The insured person, or policyholder, is the person or entity who buys the policy. The amount to be charged for a certain amount of coverage is called the premium. It comes in many different forms including:life, auto (car), health, home, travel, condo, boat, motorcycle, RV and many other forms. People usually deal with the local agent to setup and manage their coverage.
IN 2016, the industry’s net premiums totaled $1.1 million, with 53% coming from life/health and 47% coming from property/casualty.
List of Insurance Companies in the United States
There are approximately 6,000 companies who operate in this industry in the United States and related territories alone. Following is a list of companies that are most commonly used by American citizens. The list is in alphabetical order and is not a ranking.
Aetna is one of the nation’s leading diversified health care benefits companies. Aetna offers a broad range of traditional, consumer health protection products and services. Their services also include medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities. In addition, Aetna offers Medicaid health care management services, workers’ compensation administrative services and health information technology services.
AFLAC stands for American Family Life Assurance Company. Aflac has a presence in all 50 United States, and in Puerto Rico and the Virgin Islands.
AIG is the world’s largest insurance organization, with more than 88 million customers around the globe. AIG is a leader in providing property casualty, life and retirement services, mortgage, and aircraft leasing.
Founded in 1931. The Allstate Corporation is the nation’s largest publicly held personal lines insurer. A Fortune 100 company, Allstate sells auto, property, life and commercial. Allstate also offers retirement and investment products and banking services. Allstate is widely known through the “You’re In Good Hands With Allstate” slogan.
AXA Equitable Life Insurance Company (formerly The Equitable Life Assurance Society of the United States) was founded in 1859. Axa Equitable is headquartered in New York, NY and is a leading financial protection company and a premier provider of life, annuities and related financial services.
Blue Cross Blue Shield
The Blue Cross and Blue Shield System (BCBS) consists of 37 independently operated Blue Cross and Blue Shield member companies, a Federal Employee Program and an Association, which serves the collective needs of the Blue Cross and Blue Shield Plans.
CIGNA – Cigna (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. Cigna offers products and services include medical, dental, behavioral health, pharmacy and vision care benefits, and other related products including group disability, life, and accident coverage. Cigna has approximately 75 million customer relationships throughout the world.
Esurance Company – Esurance is comprised of over 2,500 associates in 16 offices nationwide. Esurance offers direct-to-consumer personal car insurance in 39 states. Esurance is backed by Allstate, the largest publicly held personal lines insurer in the U.S.
Farmers Insurance Company – Farmers Group of Companies is the country’s third-largest insure. Farmers offers car and homeowner protection, and also provides a wide range of other financial services and products. Farmers slogan is “We are Farmers.”
GEICO – Founded in 1936 as the Government Employees Insurance Company. Founder Leo Goodwin first targeted a customer base of U.S. government employees and military personnel. Today, the company provides solutions to a wide range of customers. In 1996, GEICO became a subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country’s most successful investors. GEICO’s headquarters is in Chevy Chase, MD. Geico receives our vote for the best TV commercials of all of the members of our list of insurance companies.
Gerber Life – Founded in 1967, Gerber provides life coverage, especially for young families on a limited budget. As a financially separate affiliate of the Gerber Products Company, “the baby food people,” the two companies share a common goal: to help parents raise happy, healthy children. Today Gerber is licensed throughout the United States, Canada and Puerto Rico. Gerber Life’s headquarters is in White Plains, NY.
GMAC – Changed to National General Insurance
Hartford – Hartford provides solutions homes, cars, businesses, income, and employees.
Humana – Humana is a for-profit health company that is based in Louisville, Kentucky.
John Hancock Mutual Life – John Hancock’s core retail products in the U.S. focus on providing financial solutions at every stage of our clients’ lives. Products include life, mutual funds, 401(k) plans, long-term care (LTC) insurance, and annuities. John Hancock Mutual Life distributes products primarily through licensed financial advisors, and through John Hancock Financial Network, a national network of independent firms.
Kaiser Permanente – Founded in 19545, Kaiser Permanente is a community of 17,000 physicians. Based in Oakland, California.
MetLife – Founded in 1868, MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company. MetLife is now a mutual company and is one the largest global providers of coverage, annuities, and employee benefit programs. Has over 90 million customers. Based in New York City, NY.
Mutual of Omaha – Founded in 1909, Mutual of Omaha is a privately held mutual and financial services company based in Omaha, Nebraska. Mutual of Omaha also provides services in banking, and financial products for individuals, businesses and groups throughout the United States. Based in Omaha, Nebraska. The company provides a variety of health options and product services, including Medicare Supplement, life, long-term care coverage and annuities, as well as group coverage including life, disability and 401(k).
Nationwide – Founded in 1926, Nationwide Mutual Insurance Company provides coverage and financial services and is based in Columbus, OH.
New York Life – New York Life Insurance Company (NYLIC) is the one of the largest on this list of insurance companies, in the United States and the world.
Liberty Mutual – Liberty Mutual provides broad, useful and competitively-priced products and services. Liberty Mutual is one of the largest property and casualty insurers in the U.S.
Progressive – The Progressive Group of Companies has always lived up to its name by being one step ahead of the industry, and finding comprehensive, new and affordable solutions. Progressive began in 1937 with the first drive-in claims office, became the first to introduce reduced rates for low-risk drivers, and then changed the auto insurance shopping experience by offering comparison rates on the Web. Progressive provides online quotes at progressive.com. Progressive gets our vote for the runner up for great commercials, right behind GEICO.
Prudential Financial – Founded in 1875. Headquarters is in Newark, New Jersey. Prudential provides life, annuities, mutual funds, pension- and retirement-related investments, administration and asset management, and securities brokerage services. Additionally, Prudential provides commercial and residential real estate services.
State Farm – Founded in 1922. Headquartered in Bloomington, IL. State Farm is a large group of insurance and financial service companies. State Farm offers a broad range of products including comprehensive car, motorcycle, home, RV, boat and fire coverage. State Farm’s slogan is “Like a good neighbor, State Farm is there.”
TIAA-CREF – Teachers Insurance and Annuity Association, for employees of educational organizations.
Transamerica – Founded in 1928, the Transamerica Corporation is an American holding company for various life companies and investment firms operating primarily in the United States, offering life and supplemental health, investments, and retirement services. The company’s main offices are in Minnesota, Denver, St. Petersburg, Florida and Cedar Rapids, Iowa, with affiliated offices located throughout the United States. In 1999, it became a subsidiary of Aegon, a European financial services company that is headquartered in The Hague, Netherlands.
Travelers – Founded in 1853, the Travelers Companies, Inc. is the second largest writer of U.S. commercial property casualty and the third largest writer of U.S. personal protection through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City and its largest office in Hartford, Connecticut.
MassMutual – Founded in 1851, Massachusetts Mutual Life Insurance Company is an American mutual life company serving five million clients. MassMutual’s headquarters is in Springfield, Massachusetts.
Let’s face it, everyone is looking for cheaper insurance policies, mainly to insure their vehicle and home. However, inexpensive policies are hard to find because in general, it is an expensive product because it is designed to protect you from the risk of loss. And we’re all usually willing to pay more to protect our home, car, boat, motorcycle, RV, etc.
You are better off searching for products and services that are considered affordable. Almost every insurer wants us to think that we can save money by switching to their products. But, if every insurer makes the claim that they have the lowest rates, it can’t be true.
Questions and Comments
Visit the Insurance Information Institute for more industry statistics. If you have any questions or comments about this list of insurance companies in the United States, please post a message below. Also, learn about Insurance Fraud.