Who we represent and why?
The insurance industry is weird or is it? Like any industry there are those that want to sell direct through exclusive distributors, those that wholesale through non-exclusive distributors, and those that sell direct online to the consumer. As an independent agent we work with companies that wholesale non-exclusively. Here we try to introduce you to the Insurance Companies We Represent and Why. We represent many different companies to try to ensure you get the best coverage at the best rate year after year.
Thing is some people have never heard of the companies we represent. So they have to be small and unheard of, right? Not really. We actually work with some of the most reputable companies in the market. In this blog we try to give you an idea of who we represent and how large they actually are.
Let’s start with auto insurance. There is a group called the NAIC that reports how large companies are in the US. The data below is from that list.
Auto Insurance Company Ranking by Size in 2017 | ||
Rank | Company | Premium in Billions |
1 | State Farm | 41 |
2 | Berkshire Hathaway Grp (GEICO) | 29 |
3 | Progressive | 22 |
4 | Allstate | 21 |
5 | USAA | 13 |
6 | Liberty Mutual/Safeco | 11 |
7 | Farmers | 10 |
8 | Nationwide | 7 |
9 | Travelers | 4 |
10 | American Family | 4 |
11 | Auto Club (AAA) | 3 |
12 | Erie | 3 |
13 | Amtrust/National General | 3 |
14 | CSAA (AAA) | 3 |
15 | Autoowners | 2.5 |
16 | Mercury | 2.4 |
17 | Metlife | 2.4 |
18 | Hartford | 2.3 |
19 | Auto Club Michigan (AAA) | 1.7 |
20 | Mapfre | 1.7 |
21 | Kemper | 1.4 |
22 | Amica | 1.3 |
23 | Infinity | 1.2 |
24 | Country Ins & Financial Services | 1.1 |
25 | The Hanover | 1.1 |
Bolded and italicized companies are represented by Gila Insurance Group
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We represent Progressive, Allstate, Liberty Mutual, Travelers, National General, Mercury, MetLife, Kemper, and Infinity. Yes that’s right, we represent 36% of the top 25 auto insurance companies in the US. 9 of the top 25.
Let’s look at homeowners.
Homeowners Insurance Company Ranking by Size in 2017 | ||
Rank | Company | Premium in Billions |
1 | State Farm | 17 |
2 | Allstate | 8 |
3 | Liberty Mutual/Safeco | 6.4 |
4 | USAA | 6 |
5 | Farmers | 6 |
6 | Travelers | 3.5 |
7 | Nationwide | 3.2 |
8 | American Family | 3 |
9 | Chubb LTD Group | 2.7 |
10 | Erie | 1.6 |
11 | Autoowners | 1.4 |
12 | AIG | 1.1 |
13 | Metlife | 1.1 |
14 | Progressive | 1 |
15 | Hartford | 1 |
Bolded and italicized companies are represented by Gila Insurance Group |
With homeowner’s insurance there are still a lot of companies, but they tend to get small quick. We are going to focus on only those that write over 1 billion dollars in insurance, which leaves us with the top 15 carriers. We represent Allstate, Safeco, Travelers, and MetLife. Of the top 15 homeowner’s carriers Gila Insurance Group represents 27% of the top 15.
With 36% of the top auto carriers and 27% of the homeowner’s carriers represented by Gila, the question stands… why would you need to go anywhere else?
Remember we shop these carriers to ensure you get excellent coverage at an affordable price. If one of these companies decides to drastically change your rate, we will monitor that and start shopping the rate for you. Each of the companies we represent and work with are large recognized carriers with the financial stability to be there when you have a claim.
We can provide quotes for many of these companies online at GilaInsurance.com.