If you’re curious about the top auto insurance companies in the Sunshine State, you’re in luck. We took a look at five of the most popular providers in Florida, and the state market share that each one holds.
As you can see, Berkshire Hathaway Insurance (through its subsidiary, GEICO) holds the majority share at 19.17% of the market. They are followed by State Farm (17.06%), Progressive (13.04%), Allstate (11.83%), and USAA (6.33%). Combined, these five companies provide just over 67% of the state’s auto insurance.
Customer Satisfaction
Now, let’s take a look at how these five insurance companies compare to one another when looking at customer satisfaction ratings. We checked out the scores for each one from two of the most popular ratings bureaus: A.M. Best and JD Power.
Berkshire Hathaway Insurance/GEICO
The Berkshire Hathaway Insurance company–operating under its subsidiary company, GEICO–boasts the biggest auto insurance market share in Florida. Here’s how they are rated in financial stability and customer satisfaction, respectively:
- A.M. Best: A++ rating
- JD Power: #8 in the state with a 3-star rating in overall satisfaction
State Farm
This company is the second-largest auto insurance market shareholder in the state. Here’s what its customers think:
- A.M. Best: B++ rating
- JD Power: #11 in the state with a 3-star overall satisfaction rating
Progressive
Allstate is the third-largest insurer in Florida with a ~13% market share.
- A.M. Best: A+ rating
- JD Power: #6 in the state with a 3-star overall satisfaction rating
Allstate
This company insures just under 12% of drivers in the Sunshine State to account for the fourth highest market share, but ranks very high in customer satisfaction (number four in the state).
- A.M. Best: A rating
- JD Power: #4 in the state with a 3-star overall satisfaction rating
USAA
The fifth most popular insurer in the state, USAA holds only ~6% of the market share. However, the company has traditionally excellent customer satisfaction ratings.
- A.M. Best: A++ rating
- JD Power: #2 in the state with a 4-star overall satisfaction rating
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