When it comes to auto insurance, State Farm is the king.

An analysis from Stacker shows State Farm is the leading provider of auto insurance in 29 states, followed by Progressive with 10 states, and Berkshire-Hathaway-owned Geico with nine states plus the District of Columbia. Allstate and MAPFRE are each the top insurer in just one state each – Virginia and Massachusetts, respectively.

And it’s a booming business.

Within the U.S., 125 insurance companies wrote nearly $262 billion in direct premiums for passenger auto insurance policies in 2021, according to the National Association of Insurance Commissioners data. Despite the competition, auto insurance rates continue to rise, up 19.2% from 2022, according to the Bureau of Labor Statistics, with reasons ranging from an increase in car accidents, supply chain disruptions and nationwide inflation.

“People are getting into more car accidents that are more severe, and the cars are more expensive to fix because of the more expensive accidents,” David Marlett, managing director of the Brantley Risk and Insurance Center at Appalachian State University, told Stacker. “The industry is spending more money than it’s bringing in.”

Alabama’s top insurers

Insurify recently used data from the National Association of Insurance Commissioners to identify the top insurers in Alabama.

Insurers in Alabama wrote $3.9 billion in direct premiums for passenger auto coverage in 2021. Overall, insurers in the state had a loss ratio of 64.7%, compared to about 68% nationwide.

These were the top 10 auto insurers by market share in Alabama:

1. State Farm Group  – 22.7% market share

2. Allstate Insurance Group  – 14.9%

3. Alfa Insurance Group  – 13.1%

4. Progressive Group  – 11.6%

5. Berkshire Hathaway Group  – 10.9%

6. United Serv Automobile Assn Group  – 7.3%

7. Farmers Insurance Group  – 2.4%

8. Liberty Mut Group  – 2.3%

. Travelers Group  – 2.2%

0. Nationwide Corp Group  – 1.7%