A new updated report on the five biggest car insurance companies in the U.S. gives a closer look at how they’re handling a tricky market. The report covers State Farm, GEICO, Progressive, Allstate, and USAA, showing how each is faring through some unusual challenges.
The latest version of the Private Passenger Auto Competitor Analysis breaks down each insurer’s market share across different states. It also looks at how well they’re doing in underwriting policies, changes in company leadership, and how they manage their financial reserves compared to losses. For instance, State Farm has increased its market share by focusing on its large mutual ownership model. Progressive keeps doing well by using technology and careful growth strategies. GEICO is pulling back on how many policies it writes but is recovering its profit margins and cutting costs.
This report is the first to include detailed maps showing where each insurer has the most exposure. This helps explain why some companies fare better or worse even when conditions across states are similar. It also shares data on reserve development, highlighting which insurers are planning ahead and which are reacting to rising costs from inflation and legal claims.
The report also expands on leadership changes at these companies and how those changes affected results in 2024 and 2025. Experts, including Christopher Grimes and Catherine Seifert, provide commentary to help figure out whether recent successes are likely to last or if they reflect short-term trends.
With plenty of updated charts and long-term data, this report goes beyond just showing who is growing. It explains why some companies’ strategies work well, while others struggle under today’s cost pressures.
For those interested, the full report is available online. It offers a lot of insight into one of the most important sectors in the insurance market right now.