When it comes to insurance, regardless of the type, the number of companies in the market can be overwhelming when looking for coverage. Each insurance company comes with its own set of advantages and disadvantages. However, going with a larger insurance company often can give a person a better deal. Larger insurance companies receive more money through greater numbers of insurance policies. This allows them to spread the cost of claims out over more people, allowing them to offer coverage at a lower price than smaller companies with fewer policies.
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One of the largest insurance companies in the United States is the State Farm Group. State Farm offers a wide range of insurance, including auto, homeowners, condo owners, renters, life and annuities, business, long-term care, motorcycle, farmer's, personal and boat owner's insurance.
Allstate is another one of the largest insurance companies in the United States. Allstate also offers a wide variety of insurance policies, including auto, landlord, condo, renters, home, motorcycle, boat, motor home, snowmobile, off-road vehicle, life and retirement insurance.
Berkshire Hathaway is also a large player in the United State's insurance market. Berkshire Hathaway is the parent company for many popular insurance brands, including Geico, the United State Liability Insurance Group and the National Indemnity company. Through these companies, Berkshire Hathaway provides coverage for vehicle insurance, life insurance and property insurance.
Travelers PC Group
Travelers PC groups is another large insurance company in the United States. Like most other insurance companies, Travelers offers home and vehicle insurance. Travelers also offers business insurance products, ranging from small business insurance to large corporation insurance. Travelers also offers a series of specialized insurance, including medical malpractice, worker's compensation, ocean marine and oil and gas.
Liberty mutual can also be included in a list of large insurance companies. Liberty Mutual has a smaller spectrum of insurance offerings, which include home, renters, life, vehicle, mobile home and condo insurance.
The Hartford Group
The Hartford Group is also one of the largest insurance companies in the United States. The Hartford Group separates its insurance offerings into personal and business coverage. Personal insurance offerings include auto, life and homeowner's insurance. Business insurance offerings include property, general liability, worker's compensation and commercial auto insurance.