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State Farm, Geico, Auto-Owners, New York Life and Kaiser Permanente are among this year’s top-ranked insurers.

Each year, Insure.com rates the top auto, home, life and health insurance companies. To select the best insurance companies for 2023, Insure.com’s editors gathered and analyzed insurers’ rates, their AM Best financial stability scores, their National Association of Insurance Commissioners’ complaint records and other third-party data. We also surveyed their customers to assess each company’s customer experience, claims handling ability and policy offerings. And we asked customers if they trusted their insurance company, whether they planned to renew their current policies, what they thought about their insurer’s digital experience and more.

Based on that data, the editors ranked more than 40 companies across the four major insurance categories and came up with rankings for the best auto insurance companies, best homeowners insurance companies, best life insurance companies and best health insurance companies.

“Consumers certainly want to save money and receive a low premium when choosing an insurance company. However, it is important to also consider factors such as financial ratings, regulatory compliance and customer satisfaction,” says David Marlett, managing director of the Brantley Risk & Insurance Center at Appalachian State University and an Insure.com editorial advisor. “These rankings incorporate all of these issues and provide the consumer with a more comprehensive approach to evaluating insurance options.”

Our list includes these 10 best insurance companies for 2023:

What are the top 10 insurance companies in 2023?

  • Best car insurance company, best home insurance company and best life insurance company: State Farm
  • Best car insurance company for cheap rates: Nationwide
  • Best car insurance companies for customer satisfaction: Erie and Travelers
  • Best car insurance company for drivers with tickets: Progressive
  • Best home insurance company for cheap rates: Amica
  • Best home insurance company for policy offerings: Auto-Owners     
  • Best life insurance company for affordable rates: New York Life 
  • Best health insurance company overall: Kaiser Permanente
  • Best health insurance company for affordability: Aetna

It should be noted that USAA often ranks as a top insurer. But because the company only offers coverage to military members, veterans and their families, it’s not included in our overall rankings. Liberty Mutual and Safeco also were omitted from our rankings because they don’t provide pricing information – one of our key rating metrics – to our data partner Quadrant Information Services. Some other familiar names also didn’t make the cut because too few of their customers responded to our insurance survey.

The top five companies in each insurance category are as follows:

The five best car insurance companies:

  1. State Farm
  2. Geico
  3. Auto-Owners
  4. Travelers
  5. Nationwide

State Farm customers report being highly satisfied with the company. It also received one of the highest scores for trustworthiness among the best auto insurance companies and just about all the State Farm customers we surveyed said they would renew their policies.

Read more about the best car insurance companies of 2023.

The five best homeowners insurance companies:

  1. State Farm
  2. Auto-Owners
  3. Travelers
  4. Allstate
  5. Erie

State Farm, the nation’s largest home insurance company, consistently ranks among the best. It has highly satisfied customers who say the company is easy to work with and offers a breadth of policy offerings.

Read more about the best home insurance companies of 2023.

The five best life insurance companies:

  1. State Farm
  2. New York Life
  3. Northwestern Mutual
  4. Mutual of Omaha
  5. Prudential

State Farm received the highest scores for customer service among the life insurance companies we ranked. We also found that nearly all State Farm life customers plan to keep their coverage with the company.

Read more about the best life insurance companies of 2023.

The five best health insurance companies:

  1. Kaiser Permanente
  2. UnitedHealthcare
  3. Aetna
  4. Anthem
  5. Humana

Kaiser Permanente, one of the nation’s largest not-for-profit health plans, is the top health insurer. Kaiser was a leader in a number of categories in our health insurance customer survey, including policy offerings and trustworthiness. The company also received the highest National Committee for Quality Assurance ranking – 4.5 out of 5 stars – of the top 10 companies in our survey. NCQA evaluates healthcare plans on, among other things, member satisfaction.

Read more about the best health insurance companies of 2023.

While these rankings are a great starting point when searching for coverage, you shouldn’t stop there if you want to get the best homeowners policy – or any other type of insurance.

“Shop around and talk to local agents, brokers or companies doing business in your area,” says Karen Collins, assistant vice president for personal lines for the American Property Casualty Insurance Association. “Local agents or companies will understand your local market and be able to give you a variety of choices.”

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John McCormick
Editorial Director

 
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John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.