Insurance is a prerequisite for every individual as well as business corporation. Future is uncertain and you never know what tomorrow holds. Insurance provides financial security in all tough moments of life. The government of United States has made insurance mandatory in a lot of avenues. Auto insurance, health insurance and life insurance are important financial back up plans that you should have. So, how do you choose from among the several insurance companies? There are several factors which you need to consider such as premiums, deductible, maturity period, claims record, reliability factor and many more. In order to make your job simple, we have considered all the various factors and brought out a list of ten best insurance companies in USA.
10. MassMutual Insurance
Mass Mutual financial Group was established way back in 1851and over the years, the company has gone through a lot of ups and downs due to the volatile market conditions. The policies provided by the company are very functional and comprehensive. The high point about this insurance is its reliability. This is a brand which you can completely trust.
9. The Hartford Insurance
The Hartford is one of the top insurance companies in the United States and finds a place in the Fortune 500 list. The company has over one and a half million customer and as raked in $21.9 billion revenue in 2011. The company provides life insurance, employee benefits, group insurance, homeowners policies, auto policies, business insurance as well as other plans such as college savings, mutual funds, annuities and investment products.
8. AIG Insurance
AIG or American International Group is a reputed name in the insurance sector not only in United States but in more than one hundred and thirty countries around the world. The company caters to individuals as well as commercial business groups. The company specializes in property casualty insurance and offers some of the best policies in this genre. Retirement plans and life insurance by AIG are also well known. The brand is highly reliable.
7. MetLife Insurance
Metlife is also one of the best insurance companies in the world. It provides flexible policies for a wide range of requirements. Life insurance, health and accident insurance, disability income insurance and auto and home insurance are some of the regular policies offered by the company. Besides these, Metlife also provides credit insurance to protect your debts in case you are unable to repay the outstanding amount. Retirement plans from Metlife are also excellent. Retirement savings and planning policies soundly secure your old age.
6. Farmers Insurance Group
Farmers is an American insurance corporation with its head quarters in Los Angeles, California. It is controlled by Zurich Financial Services. The policies provided by the company include commercial plans, auto plans, life insurance and several other kinds of functional policies. Homeowners insurance from the Farmers Group is especially renowned. At last count, the company had over twenty million policy holders. The network of the company is spread all over the country and its employs twenty four thousand people with another fifty thousand independent insurance agents.
5. Fidelity Insurance
Fidelity Insurance Company Ltd is a leading insurer of the world. The specialty of the company lies in its cost effective insurance solutions. The insurance company provides comprehensive policies in various spheres including international insurance strategies for tax reduction on properties and income generating assets outside the United States.
4. Prudential Insurance
Prudential has a long history. Established nearly one hundred and thirty five years ago, Prudential Financial Inc provides well defined insurance plans and is known as a very reliable rock solid insurer. The operations of the company are spread across the United States, Latin America, Europe and Asia.
3. Travelers Insurance
Travelers Insurance is known to adopt a very scientific approach towards insurance. recognized as being one of the best in the industry, Travelers Insurance aims at making continuous innovations in order to provide the best for its customers. The company was the first insurer to provide discounts in insurance for hybrid cars and offer insurance for space travel
2. State Farm Insurance
State Farm insurance is a comprehensive insurance provider. It provides everything from life insurance, business insurance, health insurance, long term care insurance and car insurance to boat insurance, condo insurance and Medicare Supplement Insurance. Retired farmers established the company in 1922. Over the years, the company has grown in leaps and bounds and finds a place in the list of biggest companies of Fortune 500. It has been placed at #34.
1. Allstate Insurance
In the United States, Allstate Corporation is the biggest publicly held personal lines insurer. The operations of the company are spread to Canada as well. Established in 1931, Allstate Corporation is now the second biggest insurer of personal lines in USA. The headquarters of the company is in Illinois. The company offers a wide range of insurance policies and has revenue of $32 billion.