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Top 10 Insurance Companies in America / USA

There are many different ways to list the top 10 Insurance companies in America. It can be done on the basis of the premiums the company has received in a year, how many policies they were able to sell or on the basis of the market capitalization. We have combined these and many other metrics to create this top 10 list for you. So, let us begin!

If you are planning to buy an insurance in USA, we have listed 10 of the best insurance companies in America here to help you out.

List of top insurance companies in America 2017

Here are the list of best Insurance Companies in America. There is no such ranking mechanism followed, this list is prepared as per the reputation and the business size of the insurance company and totally as per our personal opinion. You can also share your list of Top 10 Insurance Companies in United States of America as per your preferred criteria by writing a comment below.

Farmers Insurance Group

With more than 20,000 employees and several branches, Farmers Insurance Group is one of the best insurance companies in the US. The provider offers an extensive range of Insurance Products like motorcycle insurance, car insurance, homeowners insurance, recreational insurance, business insurance, and a lot more. Customers love the affordability of its products and its quick claim settlement process.

New York Life Insurance Company

With an experience of more than 175 years, New York Life Insurance Company is one of the oldest and most reputed companies in America. It offers a wide range of insurance products and is also the name behind AARP, one of the most popular companies that offer senior benefits. Its products can only be purchased through its agents and are popular for their benefits.

MetLife

MetLife is one of the largest insurance companies in America. Since the times of Civil War, MetLife has been offering highly affordable insurance products for any need and any business. Right from disability to dental insurance products, MetLife offers all of it and a lot more. However, as compared to other companies, it is a little difficult to get accepted for an insurance product by MetLife.

TransAmerica Life Insurance Company

Incorporated more than 100 years ago, TransAmerica too is a respected name in the country. They offer a wide range of insurance products, including term insurance, accident insurance, whole insurance and universal insurance. The international company, apart from insurance products, also offers an extensive range of investment opportunities.

Banner Life Insurance Company

While Banner Life Insurance Company is pretty new in the industry as compared to other top insurance companies in the US, it has quickly turned into one of the most popular due to its aggressive pricing. If one is looking for cheap term policies, Banner Life Insurance is definitely an excellent option.

Massachusetts Mutual Financial Company

With total assets of over $500 billion, Massachusetts Mutual Finance Company is at the 5th spot on our list. Apart from insurance, the company is also very popular for its financial planning arm. While there are several insurance companies in America, which have done an excellent job of integrating investments with insurance, Massachusetts Mutual Financial Company is currently leading.

Fidelity Life Association

Established in the year 1896, Fidelity Life Association is actually popular for its investment arm rather than its insurance business. The company lays a major emphasis on providing unique insurance products to its customers and is one of the front runners which offer hybrid life insurance products in the country.

Prudential Life Insurance Company

Popularly known as Pruco, Prudential Life Insurance Company is a household name in America. The company has more than 140 years of experience in the industry and collected a total of $13 billion in premiums in 2016 alone. The company offers an extensive range of universal, indexed and term insurance products.

Principal Life Insurance Company

At the 2nd spot is Principal Life Insurance Company solely on the basis of how the company has grown in the past few years. While the company has a rating of “A” or better from the top rating agencies in America, the company is yet to make a footprint of best in the class insurance provider. However, if the company is able to continue its growth at the current rate, it definitely will be far ahead of many other companies in this list.

Northwestern Mutual Life Insurance Company

At the 1st spot is the Northwestern Mutual Life Insurance Company. With more than 100 years of experience in the industry, the company currently holds assets more than $200 billion. While the company only offers a limited number of products, it has an excellent financial portfolio and a long-standing history which suggest that the company would continue to grow in future too.

Which one is the best Insurance Companies in America / USA?

If you are looking for insurance in America, pick one from the above-mentioned options and you’ll definitely make an excellent choice. Write a comment below and share your experience to declare a company as best insurance company in USA. You can also share your criteria to select an insurance company in America. I hope this article will help you to make your decision.

The post Top 10 Insurance Companies in America / USA appeared first on MyDailyLifeTips.



This post first appeared on Smart Money Saving Tips | Personal Finance How To, please read the originial post: here

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Top 10 Insurance Companies in America / USA

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