America’s auto insurance giants are navigating a high-stakes crossroads
As inflation, rising repair costs, and evolving motorist behavior redraw the map of US personal auto insurance, the country’s largest insurers are shifting gears. In a $365 billion market undergoing convulsion, State Farm, Progressive, GEICO (Berkshire Hathaway), Allstate, and USAA are executing sharply divergent strategies as some bet on scale, others on discipline, and a few on reinvention.
Insurance Business’ latest Competitor Analysis – Private Passenger Auto Insurance offers a rare and behind-the-headlines view of how these five behemoths are navigating the post-pandemic auto insurance landscape, one defined by margin compression, loss volatility, and digital acceleration. The report di…