List of California-Based Auto Insurance Companies
There are more 50 auto insurance companies based in California. This makes it very difficult to know which insurance company to buy coverage from.
However, the amazing thing about these auto insurance companies is that each company offer very unique benefits and services.
While most people are familiar with Allstate, Geico, Progressive and State Farm Insurance, there are many other top auto insurance companies in California many drivers probably may not have heard or worked with.
In this article, we are going to be sharing list of auto insurance companies that are based in the state of California.
1. Interinsurance Exchange of the Automobile Club and AAA Northern
Interinsurance Exchange of the Automobile Club and AAA Northern are two companies that combine to service AAA members in the state of California.
Interinsurance Exchange of the Automobile Club serves AAA members in Southern California, while the AAA Northern services AAA members in Northern California, hence the name.
These two auto insurance companies are considered to be the second- and third-largest California auto insurers. Coming together, they combined to form the largest California auto insurer, with a market share of 15.73%.
Interinsurance Exchange of the Automobile Club and AAA Northern offer California residents cheaper insurance than the larger insurance companies. However, to purchase insurance through AAA, a person’s license can’t be less than three years old, and you cannot have a speeding ticket or an at-fault accident in the past three years. That makes it stricter to get in, right?
2. State Farm Insurance
State Farm Insurance is the considered to be the second-largest auto insurance company in the state of California. State Farm Insurance takes a market share of 14.4% in California.
Beyond the basic insurance coverage, State Farm also offers classic car insurance and antique coverage quotes through her agents.
According popular record, State Farm is known to be one of the California-based insurance company with a very low complaint ratio and is large enough to provide insurance options to fit almost any driver’s needs.
3. Allstate Insurance
Allstate Insurance is the third-largest auto insurance company in California, with a market share of 6.7%. Allstate insurance affiliate program has made a lot of insurance agents and bloggers rich.
While the company offers a range of policies, Your Choice Auto is the most popular policy that Allstate issues. In addition, the company offers special insurance for expensive and luxury cars, such as Ferraris. You can check out how to calculate Allstate car loan.
4. Mercury Insurance Group
Mercury Insurance Group is the fourth-largest California auto insurance company, with a market share of 6.5%.
Mercury Insurance Group is known for selling reasonably priced auto insurance. One more thing that sets them apart from other insurance companies based in California is their great customer service. This is evident in their track record of very few justified complaints.
Mercury’s justified complaint ratio is the lowest among California auto insurance companies, making it the best California auto insurance company in terms of customer service. Using this strategy, their agents have continued to legally steal clients from their competitors.
5. Mid-Century Insurance Company
Mid-Century Insurance Company is a subsidiary of the Farmers Insurance Exchange. With a market share of 5.7%, Mid-Century is the fifth-largest auto insurance company in California. However, the company operates as a non-standard high-risk insurance company. Mid-Century specializes in insuring people who have more than one at-fault accident or too many speeding tickets.
While Mid-Century Insurance might be a good option for people who qualify for high-risk insurance, its premiums are fairly high. However, with a safe driving discount of up to 9% and a good driver discount of as much as 20%, even drivers who are looking for standard insurance should consider Mid-Century.
6. 21st Century Insurance Company
21st Century Insurance Company is a wholly owned subsidiary of Farmers 21st Century Insurance Company. The company specializes in insuring luxury cars, such as Ferraris and Jaguars, and it has a 3% market share within California.
The company offers a superior driver discount of as much as 10% if a driver is accident-free for four years. If a driver is accident-free for more than five years, that superior driver discount increases to 20%. However, the average insurance premium is slightly high when compared to other companies in California.
7. Access Insurance Company
Access Insurance Company is a popularly known specialty auto insurance company with a market share of about 2% in the state of California. Access Insurance Group are known for offering cheap auto insurance for basic cars as well as comparatively cheap auto insurance for more expensive cars, such as BMWs.