State Farm, Progressive hold 37% of auto insurance market share, NAIC data shows

State Farm continued to hold the largest market share for auto insurance in 2025 with 18.64%, according to new data released by the National Association of Insurance Commissioners (NAIC). 

Progressive followed closely with 18.60%. 

Together, the two hold 37.24% of the entire auto insurance market. 

State Farm had $69.3 billion in direct premiums earned in 2025, and Progressive ended the year with $67.2 billion. State Farm had a direct loss to its direct premiums earned ratio of 65.44. Progressive’s ratio was 59.07. 

Berkshire Hathaway Group, owner of GEICO (11.56%) and Allstate (10.15%), is the only other two insurers with double-digit market share percentages. 

Together, the four insurers make up 58.95% of the auto insurance market. 

Berkshire Hathaway had $42.7 billion in direct premiums earned in 2025 and a 67.14 direct loss to earned premium ratio. Allstate made $37.2 billion with a 55.64 ratio. 

USAA (6.19%), Farmers Insurance Group (3.57%), and Liberty Mutual Group (2.81%) are next on the list, with all other auto insurance companies holding less than 2% of the market. 

The seven insurers make up 71.52% of the auto insurance market. 

USAA made $22.7 billion in direct premiums earned and had a 67.35 in direct loss to its earned premiums ratio. Farmers made $13.3 billion and had a 51.49 ratio. Liberty Mutual made $11.1 billion with a 47.17 ratio.

Image

Photo courtesy of JHVEPhoto/iStock