State Farm Mutual Automobile Insurance was the leading private passenger car insurer in the United States in 2022, with premiums written amounting to approximately 46.7 billion U.S. dollars. Berkshire Hathaway Inc. and Progressive Corporation were the next largest insurers in that sector.
State Farm: a background
State Farm Mutual Automobile Insurance was founded in 1922 and is headquartered in Bloomington, Illinois. In 2022, the insurer was the largest writer of property and casualty insurance in the United States. They provide vehicle, homeowners, renters, life and annuities, health, disability and flood insurance among several other insurance products.
Net promoter score and ad spend of State Farm
Despite their market leader status, State Farm's net promoter score puts them in the middle of the pack with only 42 percent of their customers saying they would recommend the insurer. However, their nearest competitors did not score any better with Progressive receiving a NPS of only 38 percent in the same analysis. The three largest car insurers were also the biggest spenders on advertising.
Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Insurance Information Institute. (September 1, 2023). Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/186513/top-writers-of-us-private-passenger-auto-insurance-by-premiums-written/
Insurance Information Institute. "Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars)." Chart. September 1, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/186513/top-writers-of-us-private-passenger-auto-insurance-by-premiums-written/
Insurance Information Institute. (2023). Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/186513/top-writers-of-us-private-passenger-auto-insurance-by-premiums-written/
Insurance Information Institute. "Leading Writers of Private Passenger Auto Insurance in The United States in 2021 and 2022, by Direct Premiums Written (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/186513/top-writers-of-us-private-passenger-auto-insurance-by-premiums-written/
Insurance Information Institute, Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/186513/top-writers-of-us-private-passenger-auto-insurance-by-premiums-written/ (last visited November 10, 2024)
Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars) [Graph], Insurance Information Institute, September 1, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/186513/top-writers-of-us-private-passenger-auto-insurance-by-premiums-written/
