What Are The Top Insurance Companies in California?
Several factors come to play when determining the top insurance companies in California. You can determine the ranking of an insurance company by measuring its sales figures (amount of policies sold in a year or net premiums) and market capitalization. There are over 1,400 insurance companies selling insurance policies in California. The most common insurance policies available in California are:
- Health insurance
- Auto insurance
- Home insurance
- Business insurance
- Life insurance
- Flood insurance
Insurance company rankings:
A common way to measure an insurance company’s ranking is to conduct a review based on the number of premiums written in a year, which determines the size of the market that trusts the service that the insurer provides. For instance, Property and Casualty (P&C) insurance companies in California collected over $84.7 billion in premiums in 2021, and paid out over $46.3 billion in losses.
In 2021, the list of the largest insurance companies in California was lead by State Farm Group, with over 8% share of CA P&C market, while Chubb Limited Group, with less than $3 billion in premiums, closed out the top 10 list of the largest market leaders:
| Top 10 P&C Insurance Companies in California (2021) | |||||
| Name of P&C Insurance Company | Written Premium | Market Share | Cumulative Mkt. Share | Incurred Losses | Loss Ratio |
| State Farm Group | Over $7 billion | 8.3% | 8.3% | Over $4 billion | 59.47% |
| Farmers Insurance Group | Over $6.6 billion | 7.9% | 16.2% | Over $3.9 billion | 60.43% |
| Berkshire Hathaway Group | Over $5.4 billion | 6.4% | 22.6% | Over $3.6 billion | 68.34% |
| Allstate Insurance Group | Over $4.3 billion | 5.2% | 27.8% | Over $2.6 billion | 62.31% |
| Liberty Mutual Group | Over $3.6 billion | 4.3% | 32.1% | Over $1.9 billion | 55.37% |
| Auto Club Enterprises Ins Group (AAA) | Over $3.4 billion | 4.1% | 36.1% | Over $2.0 billion | 60.47% |
| Travelers Group | Over $3.4 billion | 4.04% | 40.2% | Over $1.6 billion | 48.77% |
| Mercury Gen Group | Over $3.2 billion | 3.9% | 44.0% | Over $1.8 billion | 57.16% |
| CSAA Insurance Group (AAA) | Over $3.0 billion | 3.6% | 47.6% | Over $1.6 billion | 56.27% |
| Chubb Limited Group | Over $2.9 billion | 3.5% | 51.1% | Over $1.5 billion | 55.25% |
When the consumer ratings and reviews are assessed across various online platforms, State Farm Group receives an average rating of 4 (out of 5), maintaining its top position from the previous list:
| Name of P&C Insurance Company | Average Customer Satisfaction
(based on public online reviews) |
| State Farm Group | 4 |
| Farmers Insurance Group | 3.9 |
| Travelers Group | 3.8 |
| CSAA Insurance Group | 3.7 |
| Liberty Mutual Group | 3.6 |
| Berkshire Hathaway Group | 3.5 |
| Auto Club Enterprises Ins Group | 3.5 |
| Mercury Gen Group | 3.3 |
| Chubb Limited Group | 3.3 |
| Allstate Insurance Group | 3 |
When considering the best insurance policy to purchase, you must always ask yourself the following questions:
- Is this insurance policy tailored to fit my specific needs?
- Does this insurer have high customer satisfaction ratings based on its claims process?
- Do I understand all the coverages and money-saving options?
- Do I understand how to save money on this type of insurance?
- Can I afford the proposed premium?
- What are the alternatives to this policy?
- Are there discounts for certain actions?
- Am I purchasing the right policy from the best insurance company?
The best person to ask these questions is a California insurance professional. An experienced insurance agent knows the options available on the California insurance market and can advise you on cost-effective solutions based on your insurance needs. In addition, they can help compare the coverage options of top insurance companies in the state to get you the best and most affordable policy In California. Consulting an agent does not cost anything extra.
Top Health Insurance Companies in California
In 2023, 37 insurance companies were licensed to sell health insurance coverage in California. Meanwhile the main insurers available through the Covered California portal were:
| MAIN HEALTH INSURANCE COMPANIES in California
Listed on Covered CA Marketplace (alphabetically) |
| Aetna CVS Health |
| Anthem Blue Cross |
| Balance by CCHP |
| Blue Shield California |
| Health Net |
| Kaiser Permanente |
| L.A. Care |
| Molina Healthcare |
| Oscar Health Plan |
| Sharp Health Plan |
| Valley Health Plan |
| Western Health Advantage |
If you are looking for the cheapest health plans in California, Anthem Blue Cross and Blue Shield of California typically offer the most affordable plans, along with the California County-Based non-profit health insurers like Valley Health Plan and L.A. Care.
| Top Cheapest California Health Insurance Companies
Based on the amount of counties with the Cheapest Plans on Covered CA Marketplace |
|
| Insurer | Cheapest in # California Counties |
| Anthem Blue Cross | 31 |
| Blue Shield of California | 15 |
| Valley Health Plan | 4 |
| Kaiser Permanente | 3 |
| L.A. Care | 2 |
| Molina Healthcare | 2 |
| Note: Lowest cost plans are typically BRONZE 60 & SILVER 70 (EPO, HMO, PPO, and Trio) | |
Based on the satisfaction ratings from Covered California and independent review aggregators across the internet, Kaiser Permanente and Sharp Health Plan tend to receive the highest scores from California residents:
| MAIN HEALTH INSURANCE COMPANIES
Listed on Covered CA Marketplace (alphabetically) |
COVERED CA | Average Internet Aggregate Satisfaction Rating
Based on Multi-User Review Sources |
|
| PLAN TYPE | Average Quality Rating | ||
| Aetna CVS Health | HMO | No data yet (in 2023) | 3.2 |
| Anthem Blue Cross | EPO | 2 | 1.9 |
| HMO | 3 | ||
| Balance by CCHP | HMO | 3 | 2.8 |
| Blue Shield California | PPO | 3 | 3.1 |
| HMO | 3 | ||
| Health Net | HMO | 2 | 2.8 |
| PPO | 2 | ||
| Kaiser Permanente | HMO | 5 | 3 |
| L.A. Care | HMO | 3 | 3 |
| Molina Healthcare | HMO | 2 | 2.3 |
| Oscar Health Plan | EPO | 2 | 3.1 |
| Sharp Health Plan | HMO | 4 | 3.3 |
| Valley Health Plan | HMO | 3 | 2.1 |
| Western Health Advantage | HMO | 3 | 2.5 |
| Note: Aggregated score is the average from multi-user (non-employee) review platforms, such as: Consumer Affairs, BestCompany, WalletHub, CMS, Facebook, Comparably, Yelp, and others (based on availability). | |||
If low income qualifies you for the county-based Medicaid health plan coverage, and you live in one of the 36 California counties which have a local health plan - the cheapest health insurance will typically come from one of the following non-profit organizations:
| COUNTY | LOCAL HEALTH PLAN |
| Alameda | Alameda Alliance For Health |
| Contra Costa | Contra Costa County Medical Services |
| Del Norte | Partnership HealthPlan of California |
| Fresno | Fresno-Kings-Madera Regional Health Authority |
| Humboldt | Partnership HealthPlan of California |
| Kern | Kern Health Systems |
| Kings | Fresno-Kings-Madera Regional Health Authority |
| Lake | Partnership HealthPlan of California |
| Lassen | Partnership HealthPlan of California |
| Los Angeles - sample | Local Initiative Health Authority for Los Angeles County |
| Madera | Fresno-Kings-Madera Regional Health Authority |
| Marin | Partnership HealthPlan of California |
| Mendocino | Partnership HealthPlan of California |
| Merced | Santa Cruz-Monterey-Merced Managed Medical Care Commission |
| Modoc | Partnership HealthPlan of California |
| Monterey | Santa Cruz-Monterey-Merced Managed Medical Care Commission |
| Napa | Partnership HealthPlan of California |
| Orange | Orange County Health Authority |
| Riverside | Inland Empire Health Plan |
| San Bernardino | Inland Empire Health Plan |
| San Diego | Community Health Group |
| San Francisco | San Francisco Community Health Authority |
| San Joaquin | San Joaquin County Health Commission |
| San Luis Obispo | Santa Barbara San Luis Obispo Regional Health Authority |
| San Mateo | San Mateo Health Commission |
| Santa Barbara | Santa Barbara San Luis Obispo Regional Health Authority |
| Santa Clara | Santa Clara County |
| Santa Clara County Health Authority | |
| Santa Cruz | Santa Cruz-Monterey-Merced Managed Medical Care Commission |
| Shasta | Partnership HealthPlan of California |
| Siskiyou | Partnership HealthPlan of California |
| Solano | Partnership HealthPlan of California |
| Sonoma | Partnership HealthPlan of California |
| Stanislaus | San Joaquin County Health Commission |
| Trinity | Partnership HealthPlan of California |
| Ventura | Ventura County Health |
| Yolo | Partnership HealthPlan of California |
| Counties without Local Health Plans:
Alpine, Amador, Butte, Calaveras, Colusa, El Dorado, Glenn, Imperial, Inyo, Mariposa, Mono, Nevada, Placer, Plumas, Sacramento, San Benito, Sierra, Sutter, Tehama, Tulare, Tuolumne, Yuba |
|
Talk to a California-licensed health insurance agent who knows the best insurance companies that offer health insurance policies in your area - based on your needs. The agent will help you compare health insurance quotes and ensure you get a cost-effective policy from the best health insurance company for which you can qualify.
Top Auto Insurance Companies in California
There are over 140 car insurance providers licensed to sell auto insurance in California. These car insurance carriers collected over $35 billion in premiums in 2020 and over $37 billion in 2021. Here are the best car insurance companies in California based on the sales figures and market share. State Farm, AAA and its subsidiaries, and GEICO are the overall favorites. The table below shows the best automobile insurance companies by the number of policies in force:
| Top 10 Car Insurance Companies in California Based on Market Share
Private Auto Insurance (Property & Liability) |
||
| Car Insurance Companies | Written Premium | Share of California Car Insurance Market |
| State Farm Mutual Automobile Insurance Company | $2,110,310,318 | 6.65% |
| Interinsurance Exchange of the Automobile Club (AAA) | $1,568,724,433 | 4.95% |
| Geico General Insurance Company | $1,345,811,341 | 4.24% |
| CSAA Insurance Exchange (AAA) | $1,251,228,618 | 3.95% |
| Allstate Northbrook Indemnity Company | $1,168,685,940 | 3.68% |
| Mercury Insurance Company | $1,107,150,907 | 3.49% |
| Farmers Insurance Exchange | $1,057,254,031 | 3.33% |
| Alliance United Insurance Company | $575,831,152 | 1.82% |
| Infinity Insurance Company | $566,486,154 | 1.79% |
| United Financial Casualty Company | $402,113,374 | 1.27% |
When we compare these ten insurers based on the number of complaints and posted reviews, Allstate has the least complaints and one of the highest review averages:
| Top Automobile Insurance Companies in CA
(by volume) |
Average Number of Annual Justified Complaints in California | Average Internet Aggregate Sentiment Rating Based on Multi-User Review Sources |
| State Farm Mutual Automobile Insurance Company | 81 | 3.95 |
| Interinsurance Exchange of the Automobile Club (AAA) | 35 | 3.7 |
| Geico General Insurance Company | 29 | 3.85 |
| CSAA Insurance Exchange | 24 | 3.16 |
| Allstate Northbrook Indemnity Company | 2 | 3.9 |
| Mercury Insurance Company | 26 | 3.2 |
| Farmers Insurance Exchange | 36 | 3.92 |
| Alliance United Insurance Company | 178 | 2.25 |
| Infinity Insurance Company | 72 | 1.92 |
| United Financial Casualty Company | 19 | 3.6 |
| Note: Aggregated score is the average from multi-user (non-employee) review platforms, such as: Consumer Affairs, WalletHub, Everquote, AutoInsurance, and others (based on availability). | ||
Speak with a California-licensed auto insurance agent before purchasing an auto insurance policy. Your agent will help you compare car insurance quotes from California's best vehicle insurance companies based on your needs, so you can make the right auto insurance decisions and pick the best car insurance policy to fit those needs. Always compare multiple competing insurers not only for price, but also for the possible bundling discounts.
Top Home Insurance Companies in California
Over 100 home insurance companies are licensed to sell residential insurance policies in California:
- 119 insurers offer various homeowners coverages,
- 7 insurers sell insurance specifically for renters only,
- 62 offer flood insurance, and
- 139 insure your residence from earthquakes.
Make sure to search for the optimal coverage not purely based on the cheapest price. Check out the company’s reviews and customer’s claims experiences, and speak with a knowledgeable California-licensed property insurance agent for advice based on your needs and possible options available on the market.
Best Insurance Company for Home
California homeowners pay over $11 billion annually for home insurance. In 2021, home insurance companies in California collected over $10.9 billion in premiums for owned and rented properties.
The table below shows the best homeowners insurance companies, based on their popularity and market share, along with an average review score from the users. Most of these insurers offer insurance coverage to both the owners of the residence and the tenants. In 2021, State Farm provided protection to every 5th residence in California:
| TOP HOME INSURANCE COMPANIES in California
by volume |
California Residential Insurance Market Share | Average Number of Annual Justified Complaints in California
2019-2021 |
Average Internet Aggregate Sentiment Rating Based on Multi-User Review Sources
(in 2023) |
| State Farm General Insurance Company | 19.86% | 45 | 3.6 |
| CSAA Insurance Exchange (AAA Company) | 6.50% | 39 | 3.5 |
| Fire Insurance Exchange (FARMERS Company) | 6.25% | 16 | 3.7 |
| California Automobile Insurance Company (MERCURY) | 5.97% | 8 | 2.9 |
| Interinsurance Exchange Of The Automobile Club (AAA Company) | 5.02% | 23 | 3.5 |
| Allstate Insurance Company | 4.87% | 29 | 3.7 |
| Standard Fire Insurance Company (TRAVELERS) | 3.85% | 1 | 3.3 |
| Mid Century Insurance Company (FARMERS Company) | 3.64% | 9 | 3.7 |
| Farmers Insurance Exchange (FARMERS Company) | 3.50% | 6 | 3.8 |
| Nationwide Mutual Insurance Company | 2.37% | 9 | 3.9 |
| Sources: NAIC, California DOI. Aggregated score is the average from multi-user (non-employee) review platforms. | |||
With over 2.2 million policies, State Farm Insurance has the largest piece of California’s residential property insurance market. The three subsidiaries of Farmers insurance follow with a combined market share of over 13 percent. AAA comes in third, with two of its insurance companies providing coverage to over 11 percent of all residential property in California.
When picking home insurance coverage, make sure not to underinsure your property.
Speak with a California-licensed home insurance agent who can give you home insurance reviews and coverage options from different insurance companies. They can also help you compare home insurance quotes from several home insurers and provide a list of home insurance companies from which you can purchase home insurance policies based on your ownership status. An agent will guide you through the process of choosing an insurance company with the best home insurance policy in CA - based on your specific needs.
Top Life Insurance Companies in California
In 2021, life insurance companies selling policies in the U.S. collected about $159.5 billion in premiums. The table below shows the top life insurance companies in the country that had a larger share of the premiums:
| 2021 Top 10 Life Insurance Companies Nationwide in the US | ||
| Top Life Insurance Company in USA | Direct Premiums | U.S. Market Share |
| Northwestern Mutual Group | $14,271,892,131 | 7.49% |
| New York Life Group | $13,264,228,971 | 6.96% |
| Metropolitan Group | $11,476,164,714 | 6.02% |
| Prudential of America Group | $10,644,345,943 | 5.59% |
| MassMutual Life Insurance Group | $10,068,389,696 | 5.29% |
| Lincoln National Group | $8,301,364,165 | 4.36% |
| State Farm Group | $5,254,688,099 | 2.76% |
| John Hancock Group | $5,039,509,686 | 2.65% |
| Aegon US Holding Group | $4,980,417,247 | 2.61% |
| Minnesota Mutual Group | $4,834,847,124 | 2.54% |
286 life insurance companies are licensed to operate in California. These companies offer life insurance policies, which in addition to the basic death benefit, may serve unique purposes. The question of what is the best life insurance policy to purchase may arise when considering the right policy that must meet your needs. To answer this question, it is always best to speak with an experienced California-licensed insurance agent to help assess your needs and recommend the best policy to purchase based on what’s available to you.
What are the Best Life Insurance Companies in California
The best life insurance companies in California can be determined by market capitalization, sales figures, and customer’s reviews. For instance, California life insurance companies collected over $20.8 billion in premiums in 2021. The table below shows the ranking of the top 20 life insurance companies in California based on the direct premiums written in 2021:
| Top Life Insurance Companies in California
(in order of most amount of annual premiums collected) |
Life Insurance Premiums in 2021 | California Life Insurance Market Share |
| New York Life Group | $1,815,778,583 | 8.72% |
| Northwestern Mutual Group | $1,320,326,296 | 6.34% |
| Aegon US Holding Grp (Transamerica) | $1,100,416,218 | 5.28% |
| Mass Mutual Life Insurance Group | $1,051,969,471 | 5.05% |
| Prudential of America Group | $1,001,444,080 | 4.81% |
| Lincoln National Group | $873,649,637 | 4.19% |
| Metropolitan Group | $844,510,940 | 4.05% |
| Pacific Life Group | $758,912,712 | 3.64% |
| National Life Group | $682,722,893 | 3.28% |
| John Hancock Group | $610,551,724 | 2.93% |
| Sammons Enterprises Grp | $600,472,136 | 2.88% |
| American International Group | $599,715,427 | 2.88% |
| Nationwide Corp Group | $542,676,501 | 2.61% |
| State Farm Group | $539,990,033 | 2.59% |
| Minnesota Mutual Group | $511,246,033 | 2.45% |
| Primerica Group | $485,452,844 | 2.33% |
| Zurich Insurance Group | $388,208,441 | 1.86% |
| Dai-ichi Life Holdings Inc Group | $381,877,616 | 1.83% |
| Guardian Life Group | $321,725,512 | 1.54% |
| Equitable Holdings Inc Grp | $308,856,307 | 1.48% |
Besides the amount of policies sold, life insurers are frequently compared based on the reviews and the amount of complaints filed to the California Department of Insurance. When the companies are assessed based on the customer sentiment, several life insurance companies in California stand out. For example, Protective Life tends to have a low number of annual complaints and shows the highest review average score overall, followed by Mass Mutual and Pacific Life:
| Life Insurance Company Groups
in order of most amount of annual premiums collected |
Largest Life Insurance Group Member
offering life insurance in CA |
Average Number of Annual Justified Complaints in California | Average Internet Aggregate Sentiment Rating Based on Multi-User Review Sources
(in 2023) |
| New York Life Group | New York Life | 1 | 3.6 |
| Northwestern Mutual Group | Northwestern Mutual Life | 2 | 4.0 |
| Aegon US Holding Grp (Transamerica) | Transamerica | 8 | 2.7 |
| Mass Mutual Life Insurance Group | Massachusetts Mutual Life | 1 | 4.1 |
| Prudential of America Group | Prudential Insurance Company of America | 4 | 3.7 |
| Lincoln National Group | Lincoln National Life | 2 | 2.8 |
| Metropolitan Group | MetLife | 5 | 3.4 |
| Pacific Life Group | Pacific Life | 2 | 4.1 |
| National Life Group | Life Insurance Company of the Southwest | 4 | 2.7 |
| John Hancock Group | John Hancock Life | 2 | 3.7 |
| Sammons Enterprises Grp | Midland National Life | 1 | 3.8 |
| American International Group (AIG) | American General Life | 9 | 3.1 |
| Nationwide Corp Group | Nationwide Life | 2 | 3.7 |
| State Farm Group | State Farm Life | 3 | 3.7 |
| Minnesota Mutual Group | Minnesota Life | 3 | 3.6 |
| Primerica Group | Primerica Life | 2 | 3.8 |
| Zurich Insurance Group (Farmers) | Farmers New World Life | 2 | 3.7 |
| Dai-ichi Life Holdings Inc Group | Protective Life | 1 | 4.3 |
| Guardian Life Group | Guardian Life | 17 | 3.0 |
| Equitable Holdings Inc Grp | Equitable Financial Life | 1 | 3.8 |
| Note: Aggregated score is the average from multi-user (non-employee) review platforms, such as: Consumer Affairs, Wallet Hub, Best Company, Facebook, and others (based on availability). Reviews written by individual authors or posted on the insurer's own websites were not considered. | |||
The table below shows the ranking of the top 20 life insurance companies in California based on the number of active policies they have:
In life insurance, the top insurance company is the one that offers you a life insurance policy at the best cost and with the features you need. Since life insurance does a lot more than just pay a death benefit after you die, the policies that other people buy may not be the best option for you. Consult with a California-licensed life insurance agent who can assess your needs and help you get quotes on life insurance policies from various life insurers.
Top Business Insurance Companies in California
California businesses spend around $25 billion on insurance every year. In 2021, CA business insurance companies collected over $25.4 billion in premiums. The table below shows the most commonly purchased commercial insurance lines in California:
| Type of Commercial Insurance Lines
by volume |
Share of Commercial Insurance Market in California | Number of Companies Providing Coverage in California |
| Workers' Compensation | 40.92% | 229 |
| Commercial Auto Liability | 15.12% | 239 |
| Commercial Multiple. Peril (Non-Liability) | 13.35% | 204 |
| Inland Marine (Shipping by land) | 12.25% | 273 |
| Commercial Multiple Peril (Liability) | 7.78% | 197 |
| Commercial Auto Physical Damage | 4.08% | 232 |
| Multiple Peril Crop (Farm) | 2.22% | 12 |
| Medical Professional Liability | 1.74% | 38 |
| Ocean Marine (Shipping by water) | 1.68% | 73 |
| Excess Workers' Compensation | 0.86% | 20 |
| Commercial Auto No-Fault | 0.01% | 21 |
Source: NAIC, California Department of Insurance
Read below for a deeper breakdown of Commercial insurance market in California:
Top Workers Compensation Insurance in California
California businesses spend over $10 billion on workers compensation insurance coverage, which accounts for over 40% of all business insurance in the state. Out of the over 200 licensed insurers, California State Compensation Insurance Fund (a non-profit insurer) leads by sales of workers compensation insurance in the state, followed by the Insurance Co of the West. As of 2022, both had a clean history of complaints with the California Department of Insurance.
For 2021, the top 10 workers’ compensation insurers in California accounted for 38.46 percent of the Workers Comp insurance market:
| Top Workers' Compensation Insurance Companies in California
by volume |
Written Premium in 2021 | Share of Total Workers Compensation Insurance Market for 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
Average Number of Annual Justified Complaints in California
2019-2021 |
| State Compensation Insurance Fund | $1,235,450,577 | 11.87% | 1 | 1 | 0 |
| Insurance Company Of The West | $564,276,830 | 5.42% | 2 | 2 | 0 |
| Travelers Property Casualty Company Of America | $522,950,571 | 5.03% | 3 | 3 | 5-6 |
| Technology Insurance Company Inc | $332,706,497 | 3.20% | 8 | n/a | 0-1 |
| Zurich American Insurance Company | $315,208,974 | 3.03% | 4 | 4 | 6-7 |
| Zenith Insurance Company | $275,266,355 | 2.65% | 5 | 6 | 0 |
| Cypress Insurance Company (BERKSHIRE Company) | $232,287,959 | 2.23% | 6 | 5 | 0 |
| Ace American Insurance Company (CHUBB Company) | $178,424,326 | 1.71% | 9 | n/a | 5 |
| Security National Insurance Company (AmTrust Company) | $175,535,932 | 1.69% | n/a | 8 | 1 |
| Property & Casualty Insurance Company of Hartford | $170,155,145 | 1.64% | n/a | n/a | 7-8 |
Source: NAIC, California Department of Insurance
Speak with a knowledgeable and licensed California insurance agent about your workers compensation needs.
Top Commercial Auto Liability Insurance in California
Commercial auto liability insurance is the second most-commonly purchased coverage for a California business. Over 200 insurance companies compete for approximately $4 billion in annual premiums. Here are the 10 market leaders, accounting for 35 percent of the total California Commercial Auto Liability market share, with United Financial Casualty Company (a subsidiary of Progressive) as the leader (for 2019-2021):
| Top Commercial Auto Liability Insurance Companies in California
by volume |
Written Premium in 2021 | Share of Total Auto Liability Insurance Market for 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
Average Number of Annual Justified Complaints in California
2019-2021 |
| United Financial Casualty Company (PROGRESSIVE Company) | $356,981,072 | 9.29% | 1 | 1 | 23 |
| Infinity Select Insurance Company (KEMPER Company) | $165,123,844 | 4.30% | 3 | 4 | 9 |
| California Automobile Insurance Company (MERCURY Group) | $142,219,005 | 3.70% | 2 | 2 | 16 |
| Travelers Property Casualty Company Of America (TRAVELERS Group) | $116,211,357 | 3.02% | 4 | 3 | 5 |
| Old Republic Insurance Company | $106,081,068 | 2.76% | 8 | n/a | 2 |
| Zurich American Insurance Company (ZURICH Group) | $103,505,647 | 2.69% | 6 | 6 | 7 |
| Travelers Indemnity Company Of Connecticut (TRAVELERS Group) | $97,978,968 | 2.55% | 5 | 7 | 1 |
| State Farm Mutual Auto Insurance Company | $92,061,328 | 2.39% | 7 | 5 | 85 |
| Nationwide Mutual Insurance Company | $78,978,654 | 2.05% | 9 | 9 | 16 |
| Amguard Insurance Company (BERKSHIRE HATHAWAY Group) | $75,219,438 | 1.96% | 10 | n/a | 14 |
Source: NAIC, California Department of Insurance
Every vehicle on the roads of California is required to have liability insurance. Speak with a commercial insurance agent today to find correct coverage for your business needs.
Top Non-Liability Commercial Insurance Companies in California
Non-liability commercial insurance, such as property damage coverage and the resultant business interruption mitigation, costs California’s businesses over $3 billion per year. In 2021, $3.4 billion were paid for non-liability commercial insurance coverage to 204 insurance companies that offered this product in the state. The top positions are a mix of insurance companies owned by State Farm, Farmers Group, Travelers, and Chubb. For 2021, the top 10 insurers accounted for 49 percent of the market share:
| Top Non-Liability Commercial Insurance Companies in California
Multi-Peril coverage (by volume) |
Written Premium in 2021 | Share of Total Non-Liability Commercial Insurance Market for 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
Average Number of Annual Justified Complaints in California
2019-2021 |
| State Farm General Insurance Company | $269,159,463 | 7.93% | 1 | 2 | 45 |
| Fire Insurance Exchange (FARMERS Group) | $225,941,417 | 6.66% | 3 | 3 | 16 |
| Farmers Insurance Exchange (FARMERS Group) | $210,558,900 | 6.20% | 2 | 1 | 6 |
| Travelers Property Casualty Company Of America | $175,594,290 | 5.17% | 4 | 4 | 5-6 |
| Ace American Insurance Company (CHUBB Group) | $167,023,571 | 4.92% | 7 | 7 | 5 |
| Sentinel Insurance Company Ltd (HARTFORD Group) | $148,563,202 | 4.38% | 6 | 5 | 3 |
| Philadelphia Indemnity Insurance Company | $131,662,163 | 3.88% | 5 | 6 | 2 |
| Travelers Casualty Insurance Company Of America | $121,516,639 | 3.58% | 4 | 8 | 2 |
| Federal Insurance Company (CHUBB Group) | $113,489,082 | 3.34% | 9 | n/a | 3 |
| Ohio Security Insurance Company (LIBERTY MUTUAL Group) | $100,775,511 | 2.97% | n/a | 10 | 3 |
Source: NAIC, California Department of Insurance
Discuss your business coverage needs with an insurance agent who has access to multiple commercial insurers and types of plans.
Top Inland Marine Commercial Insurance Companies in California
Inland marine insurance covers transportation of commercial goods when they are driven on land. California businesses spend over $3 billion on inland marine coverage every year. The largest insurer of inland marine coverage in California is Continental Casualty Insurance Company, with a 13% market share, followed by Liberty Insurance Underwriters, a Liberty Mutual subsidiary. For 2021, the top 10 insurers controlled 52 percent of California’s inland marine insurance market:
| Top Inland Marine Commercial Insurance Companies in California
by volume |
Written Premium in 2021 | California Inland Marine Insurance Market Share for 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
Average Number of Annual Justified Complaints in California
2019-2021 |
| Continental Casualty Company (CNA Group) | $414,670,802 | 13.31% | 1 | 1 | 5 |
| Liberty Insurance Underwriters Inc (LIBERTY MUTUAL Group) | $361,921,663 | 11.62% | 2 | 2 | 0 |
| Veterinary Pet Insurance Co (NATIONWIDE Group) | $176,626,315 | 5.67% | 4 | 5 | 4 |
| American Bankers Insurance Company Of Florida (ASSURANT Group) | $138,242,073 | 4.44% | 5 | 4 | 12 |
| American Pet Insurance Company (TRUPANION Group) | $126,055,099 | 4.05% | 6 | 7 | 2 |
| Westchester Fire Insurance Company (CHUBB Group) | $93,881,210 | 3.01% | 10 | n/a | 3 |
| BCS Insurance Company | $84,346,002 | 2.71% | n/a | 8 | 2 |
| National Union Fire Insurance Company Of Pittsburgh | $81,575,018 | 2.62% | n/a | 6 | 17 |
| Zurich American Insurance Company | $78,563,185 | 2.52% | 7 | n/a | 7 |
| Fireman's Fund Insurance Company (ALLIANZ Group) | $63,207,809 | 2.03% | n/a | n/a | 2 |
Source: NAIC, California Department of Insurance
Speak with a California-licensed commercial insurance agent to insure the transportation of your freight.
Top Commercial Liability Insurance Companies in California
California businesses spend around $2 billion annually to protect themselves from liabilities through policies such as General Liability (GL), Employment Practices Liability Insurance (EPLI), Cyber Liability, and various others. The main leaders in this marketspace are Farmers, State Farm, Philadelphia, and Travelers. For 2021, the top 10 insurers controlled 46.85 percent of the Commercial Liability insurance market share in California:
| Top Commercial Liability Insurance Companies in California
Multi-Peril coverage (by volume) |
Written Premium in 2021 | California Commercial Liability Insurance Market Share for 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
Average Number of Annual Justified Complaints in California
2019-2021 |
| Farmers Insurance Exchange (FARMERS Group) | $155,766,799 | 7.88% | 1 | 4 | 6 |
| State Farm General Insurance Company | $111,009,270 | 5.61% | 2 | 1 | 45 |
| Philadelphia Indemnity Insurance Company | $107,664,306 | 5.44% | 3 | 2 | 2 |
| Travelers Property Casualty Company of America (TRAVELERS Group) | $105,600,379 | 5.34% | 4 | 3 | 5 |
| Sentinel Insurance Company Ltd | $86,169,114 | 4.36% | 5 | 5 | 3 |
| Truck Insurance Exchange (FARMERS Group) | $79,585,393 | 4.02% | 6 | 9 | 2 |
| Amco Insurance Company (NATIONWIDE Group) | $79,399,722 | 4.01% | 7 | 6 | 13 |
| Ohio Security Insurance Company (LIBERTY MUTUAL Group) | $74,109,727 | 3.75% | 9 | 7 | 3 |
| Travelers Casualty Insurance Company Of America | $68,288,635 | 3.45% | 8 | 8 | 2 |
| California Capital Insurance Company | $59,021,362 | 2.98% | 10 | n/a | 18 |
Source: NAIC, California Department of Insurance
Discuss your liability insurance coverage needs and options with a licensed California insurance professional.
Top Commercial Auto Damage and Comprehensive Insurance Companies in California
Besides the mandatory liability coverage, California businesses spend another $1 billion a year on additional insurance for business-owned and/or business-operated vehicles. United Financial Casualty, a Progressive subsidiary, leads by market share year after year. For 2021, the top 10 insurers controlled 36.91 percent of Commercial Auto Property Damage insurance market share in California.
| Top Commercial Auto Physical Damage Insurance Companies in California
by volume |
Written Premium in 2021 | California Insurance Market Share for 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
Average Number of Annual Justified Complaints in California
2019-2021 |
| United Financial Casualty Company (PROGRESSIVE Group) | $93,886,762 | 9.06% | 1 | 1 | 23 |
| Infinity Select Insurance Company (KEMPER Company) | $41,436,279 | 4.00% | 5 | 8 | 9 |
| State Farm Mutual Auto Insurance Company | $39,974,388 | 3.86% | 2 | 2 | 85 |
| California Automobile Insurance Company (MERCURY) | $39,296,032 | 3.79% | 3 | 3 | 8 |
| Travelers Property Casualty Company of America (TRAVELERS Group) | $32,562,985 | 3.14% | 4 | 7 | 5 |
| Travelers Indemnity Company Of Connecticut (TRAVELERS Group) | $29,946,067 | 2.89% | 7 | 9 | 1 |
| Great West Casualty Company (OLD REPUBLIC Group) | $29,721,623 | 2.87% | 6 | 6 | 0 |
| Zurich American Insurance Company (ZURICH Group) | $26,326,983 | 2.54% | n/a | 4 | 7 |
| Northland Insurance Company (TRAVELERS Group) | $25,400,405 | 2.45% | 7 | 10 | 1 |
| Amguard Insurance Company (BERKSHIRE HATHAWAY Group) | $23,972,407 | 2.31% | 9 | na | 14 |
Source: NAIC, California Department of Insurance
Top Commercial Crop Insurance Companies in California
California farmers pay over half a billion dollars annually to protect their crops. Every year more and more coverage is being purchased, partially due to the expansion of cannabis growth. In 2021, $563 million in crop insurance premium was written among the 12 crop insurance companies. The top crop insurer in California (by volume) is NAU Country Insurance Company, with over 33 percent market share, followed by the subsidiaries of CHUBB and AXA insurance groups:
| Top Crop Insurance Companies in California
(Multiple Peril ) by volume |
Written Premium 2021 | California Crop Insurance Market Share in 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
| NAU Country Insurance Company | $188,240,445 | 33.40% | 1 | 1 |
| Ace Property & Casualty Insurance Company (CHUBB Company) | $90,120,363 | 15.99% | 3 | 3 |
| Greenwich Insurance Company (AXA Company) | $86,437,429 | 15.34% | 2 | 2 |
| Producers Agriculture Insurance Company | $60,824,694 | 10.79% | 4 | 4 |
| Rural Community Insurance Company (ZURICH Company) | $59,245,086 | 10.51% | 5 | 6 |
| Agri General Insurance Company (CHUBB Company) | $42,292,539 | 7.50% | 6 | 5 |
| American Agri-Business Insurance Company (SOMPRO Group) | $21,143,016 | 3.75% | 8 | 11 |
| Great American Insurance Company | $10,055,688 | 1.78% | 7 | 8 |
| Farmers Mutual Hail Insurance Company Of Iowa (FARMERS Company) | $3,331,651 | 0.59% | 9 | 9 |
| FMH AG Risk Insurance Company (FARMERS Company) | $1,435,978 | 0.25% | 10 | 10 |
Source: NAIC, California Department of Insurance
Speak with a licensed California insurance agent about your farm and crop insurance needs.
Top Medical Professional Liability Insurance Companies in California
Medical professionals in California pay over $400 million every year for Malpractice insurance. In 2021, $441,828,544 was paid in premiums for Medical Professional Liability Insurance. Two insurance companies control over 60 percent of the Medical Professional Liability insurance market in California: Doctors Company Interinsurance Exchange and Norcal Insurance, a subsidiary of the ProAssurance Group:
| Top Medical Professional Liability Insurance Companies in California
by volume |
Written Premium in 2021 | California Insurance Market Share | 2020
Top 10 Position |
2019
Top 10 Position |
| Doctors Company, An Interinsurance Exchange | $170,419,858 | 38.57% | 1 | 1 |
| Norcal Insurance Company (PROASSURANCE Group) | $97,634,168 | 22.10% | 2 | 2 |
| American Casualty Company Of Reading Pennsylvania (CNA Group) | $35,600,304 | 8.06% | 3 | 3 |
| Medical Protective Company (BERKSHIRE HATHAWAY Group) | $35,580,923 | 8.05% | 4 | 4 |
| Dentists Insurance Company | $30,539,390 | 6.91% | 5 | 5 |
| Medical Insurance Exchange Of California | $21,286,320 | 4.82% | 6 | 6 |
| Ace American Insurance Company (CHUBB Group) | $8,412,942 | 1.90% | 7 | 8 |
| NCMIC Insurance Company | $6,808,961 | 1.54% | 9 | 7 |
| ProAssurance Insurance Company of America (PROASSURANCE Group) | $6,489,091 | 1.47% | 10 | 9 |
| Liberty Insurance Underwriters Inc (LIBERTY MUTUAL Group) | $5,148,134 | 1.17% | n/a | n/a |
Discuss your medical malpractice insurance needs with an experienced California-licensed insurance professional with access to multiple top insurers.
Top Ocean Marine Insurance Companies in California
California businesses pay over $400 million annually to insure the cargo while it is in transit on water and the related contingencies. For 2021, the top 10 insurance companies controlled 61.86 percent of the $426 million California Ocean Marine insurance market, with National Union Fire Insurance of PA as a leader for 2019-2021:
| Top Ocean Marine Commercial Insurance Companies in California
by volume |
Written Premium in 2021 | California Ocean Marine Insurance Market Share for 2021 | 2020
Top 10 Position |
2019
Top 10 Position |
Average Number of Annual Justified Complaints in California
2019-2021 |
| National Union Fire Insurance Company of Pittsburgh (AMERICAN Group) | $64,025,387 | 15.01% | 1 | 1 | 17 |
| Starr Indemnity & Liability Company | $32,626,704 | 7.65% | 3 | 3 | 2 |
| Travelers Property Casualty Company of America (TRAVELERS Group) | $26,675,094 | 6.25% | 4 | 4 | 5 |
| Navigators Insurance Company (HARTFORD F&C Group) | $24,072,803 | 5.64% | 6 | 6 | 0 |
| Tokio Marine America Insurance Company | $23,014,657 | 5.40% | 2 | 2 | 0 |
| GEICO Marine Insurance Company (BERKSHIRE HATHAWAY Group) | $21,298,400 | 4.99% | 5 | 5 | 1 |
| Zurich American Insurance Company | $21,285,342 | 4.99% | 8 | 8 | 7 |
| Continental Insurance Company (CNA Group) | $20,994,027 | 4.92% | 7 | 9 | 0 |
| Atlantic Specialty Insurance Company (INTACT Financial Group) | $16,483,280 | 3.86% | 9 | 10 | 1 |
| Markel American Insurance Company | $13,355,743 | 3.13% | n/a | n/a | 1 |
Talk to a California-licensed commercial insurance agent who can help assess your business needs and compare business insurance quotes from multiple insurers to provide you with the best coverage options.
Top Disaster Insurance Companies in California
The two top disasters in California are earthquakes and floods, followed by the third - wildfires. Wildfires are covered by standard residential property insurance, while earthquakes and floods require additional optional coverage.
Top Earthquake Insurance Companies in California
Both property owners and tenants alike can buy earthquake insurance. California residents spend over $2 billion annually, buying earthquake damage protection from the 130+ insurance companies offering this coverage.
Here is the list of the top earthquake insurance providers in California, based on the share of the market. In 2021, California Earthquake Authority (CEA) insured over 44 percent of all earthquake insurance policies in California:
| Top Earthquake Insurance Companies in California
by volume |
Written Premium | California Earthquake Insurance Market Share | Average Number of Annual Justified Complaints in California
2019-2021 |
| California Earthquake Authority | $901,285,346 | 44.39% | 0 |
| Factory Mutual Insurance Company (FM Company) | $250,451,279 | 12.34% | n/a |
| Palomar Specialty Insurance Company | $139,754,127 | 6.88% | 1 |
| Zurich American Insurance Company | $100,891,501 | 4.97% | 6-7 |
| Geovera Insurance Company | $66,729,852 | 3.29% | 0-1 |
| Golden Bear Insurance Company | $56,442,527 | 2.78% | 0-1 |
| Federal Insurance Company (Chubb) | $46,344,628 | 2.28% | 3-4 |
| AIG Property Casualty Company | $44,430,547 | 2.19% | 2-3 |
| Insurance Company Of The West | $42,181,477 | 2.08% | n/a |
| Affiliated FM Insurance Company (FM Company) | $33,819,191 | 1.67% | n/a |
| Sources: NAIC, California DOI. | |||
Speak with a California property insurance agent to help you decide which one is best for you based on your needs.
Top Flood Insurance Companies in California
Home and business property insurance policies in California typically do not include coverages for flood damages either. You need to get separate policies to cover such damages. Flood insurance companies provide coverage for insured properties in the event of flood damages. You can get flood insurance in California through the Federal National Flood Insurance Program (NFIP) or through Private Flood insurance. NFIP coverage is guaranteed by the Federal Emergency Management Agency (FEMA), and can be purchased in the amount up to $250,000 for dwelling and structure damage, and $100,000 for contents flood damage.
In 2021, California residents spent over $144 million on Federal Flood insurance. Here are the top insurance companies that offer NFIP insurance in California, based on the market share and complaint rate:
| Top Federal Flood Insurance Companies in California
by volume |
Written Premium | California Federal Flood Insurance Market Share | Average Number of Annual Justified Complaints in California
2019-2021 |
| Fire Insurance Exchange (FARMERS Company) | $26,354,204 | 18.25% | 16 |
| Wright National Flood Insurance Company | $25,808,640 | 17.87% | 0-1 |
| Hartford Insurance Company Of The Midwest | $23,234,573 | 16.09% | 1 |
| American Bankers Insurance Company Of Florida | $19,652,017 | 13.61% | 12 |
| Allstate Insurance Company | $11,784,731 | 8.16% | 33 |
| CSAA Insurance Exchange (AAA Company) | $9,385,759 | 6.50% | 57 |
| USAA General Indemnity Company | $7,753,046 | 5.37% | 9 |
| Selective Insurance Company Of American | $7,270,261 | 5.03% | n/a |
| Liberty Mutual Fire Insurance Company | $2,348,519 | 1.63% | 24 |
| Philadelphia Indemnity Insurance Company | $2,121,066 | 1.47% | 2 |
| Source: NAIC, California Department of Insurance | |||
If you need California flood insurance coverage beyond the limits offered by the NFIP-sponsored Federal Flood insurance, or if you want a more flexible alternative, you can buy a Private flood insurance policy. Most private flood insurers in California offer coverage up to $500,000 for dwelling and $250,000 for contents. If used in conjunction with the NFIP policy, private flood insurance allows the combined coverage of up to $750,000 for the dwelling and $350,000 for contents.
In 2021, California residents spent $63 million on Private Flood insurance:
| Top Private Flood Insurance Companies in California
by volume |
Written Premium | California Private Flood Insurance Market Share | Average Number of Annual Justified Complaints in California
2019-2021 |
| Zurich American Insurance Company | $15,135,415 | 23.78% | 3 |
| AIG Property Casualty Company | $6,035,499 | 9.48% | 3 |
| American Security Insurance Company | $5,909,538 | 9.28% | 4 |
| Employers Insurance Company of Wausau (Liberty Mutual) | $5,868,482 | 9.22% | 1 |
| Palomar Specialty Insurance Company | $4,983,192 | 7.83% | 1 |
| American Guarantee & Liability Insurance | $4,625,024 | 7.27% | 1 |
| Westport Insurance Corporation | $2,952,393 | 4.64% | less than 1 |
| Allianz Global Risks US Insurance Company | $2,811,811 | 4.42% | less than 1 |
| XL Insurance America Inc | $2,233,864 | 3.51% | 1 |
| Integon National Insurance Company | $2,197,205 | 3.45% | 65 |
When looking for flood insurance, make sure to speak with a California-licensed insurance agent who has access to multiple insurers.
