Top Car Insurance Companies in Florida, 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.
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