Combined loss ratio of largest car insurance companies in the U.S. 2015
In 2015, State Farm had the largest combined loss ratio out of all leading car insurance companies in the United States.
Car Insurance
Car insurance seeks to protect motor vehicle drivers and pedestrians in cases of accidents and damage. In the United States, almost all states require vehicle insurance on registered cars. There are some exceptions, where uninsured motor vehicle fees can be paid. Car insurance is more expensive for young drivers, as they are deemed more of a liability. Premium prices decrease as the driver gets older. Almost half of the consumers in the United States found that their car insurance companies were largely trustworthy. However, only a small margin of consumers found peer-to-peer car insurance trustworthy.
Car Insurance Companies
In addition to having the largest combined loss ratio in 2015, State Farm also had the largest market share among leading writers of private passenger auto insurance companies in the United States in terms of direct premiums written. Furthermore, they spent the most amount of money on advertising spending in the United States compared to other leading personal auto insurance companies that same year.
Car Insurance
Car insurance seeks to protect motor vehicle drivers and pedestrians in cases of accidents and damage. In the United States, almost all states require vehicle insurance on registered cars. There are some exceptions, where uninsured motor vehicle fees can be paid. Car insurance is more expensive for young drivers, as they are deemed more of a liability. Premium prices decrease as the driver gets older. Almost half of the consumers in the United States found that their car insurance companies were largely trustworthy. However, only a small margin of consumers found peer-to-peer car insurance trustworthy.
Car Insurance Companies
In addition to having the largest combined loss ratio in 2015, State Farm also had the largest market share among leading writers of private passenger auto insurance companies in the United States in terms of direct premiums written. Furthermore, they spent the most amount of money on advertising spending in the United States compared to other leading personal auto insurance companies that same year.
