Whether you’re in the market for home, life, health or auto insurance, the multitude of companies and its many options can make your head spin. This article will break down the background, history, and insurance offerings of four of the largest insurance companies.
State Farm was founded in 1922 by a farmer and insurance salesman, George Jacob Mecherle. Headquartered in Bloomington, Illinois, the main business is automobile insurance, however State Farm offers 100 other products and services in five different lines of business. State Farm is the largest automobile insurance provider in the United States. It offers competitive prices and a wide array of coverage options. The company has protection from illness and injury by offering both health and disability insurance. It also offers coverage for homeowners and renters. The company prides itself on its motto “like a good neighbor, State Farm is there.”
GEICO stands for Government Employees Insurance Company. Established by Leo Goodwin, the company originally aimed at providing coverage to government employees and military personnel in the United States. This has all changed however, and today the company provides insurance to individuals regardless of who they’re employed by. Ranked behind State Farm, GEICO is the second-largest auto insurance provider. GEICO also offers a multitude of other insurance services, including homeowners, renters, liability and pet coverage, to name just a few.
Nationwide Mutual Insurance Company started out by solely insuring automobiles. Today, with its main headquarters in Columbus, Ohio, it’s one of the largest insurance companies in the world. Whether you’re looking to procure insurance for your auto, home, pet or life, Nationwide offers the coverage. Nationwide is “on your side.”
Another large car insurance provider in the U.S. is Progressive Insurance. The company provides homeowners insurance as well as coverage for motorcycles, boats, RVs and commercial vehicles. Progressive began in 1937 by Joseph Lewis and Jack Green, with the first ever drive-in claims office. Progressive touts itself on maintaining an innovative approach to insurance. It was the first company to allow customers to break up premiums into more affordable installments and the first to introduce a rate comparison shopping service.
The hunt for insurance coverage can be overwhelming and confusing with so many options at your fingertips. Fortunately, the four large, reputable insurance companies highlighted in this article provide a variety of coverage options. Each company prides itself on customer service and competitive pricing. No matter which you choose, you can’t go wrong.