Insurance companies by state (2024)

StateDomestic insurers (1)Licensed out-of-state
insurers (2)
Chartered self-insured
groups or pools
Chartered
purchasing groups
All companies
doing business in state
Alabama491,4980111,558
Alaska61,137001,143
Arizona1351,61625261,802
Arkansas551,518011,574
California1311,2800431,454
Colorado501,5049411,604
Connecticut1021,2710351,408
Delaware1391,38501161,640
D.C.471,3550151,417
Florida4371,65114482,150
Georgia711,6293601,736
Hawaii451,1161031,174
Idaho191,3761721,414
Illinois3401,416121631,931
Indiana1341,66522201,841
Iowa2071,419301,629
Kansas451,54117131,616
Kentucky521,5631001,625
Louisiana1041,5012321,630
Maine221,1971811,238
Maryland561,5135121,586
Massachusetts781,3862141,489
Michigan1251,41316111,565
Minnesota1451,40520221,592
Mississippi451,536031,584
Missouri1811,54612101,749
Montana341,412041,450
Nebraska1141,473651,598
Nevada391,567851,619
New Hampshire601,237001,297
New Jersey1191,35651221,548
New Mexico322,604002,636
New York5551,1798861,828
North Carolina961,509351,613
North Dakota291,3771021,418
Ohio2581,5390251,822
Oklahoma831,741451,833
Oregon441,453051,502
Pennsylvania2381,59613331,880
Rhode Island291,3351241,389
South Carolina841,5580111,653
South Dakota381,417001,455
Tennessee701,623381,704
Texas4061,6142482,070
Utah1121,8120121,936
Vermont1091,197091,315
Virginia671,57514131,669
Washington371,438091,484
West Virginia321,412121,447
Wisconsin3331,668072,008
Wyoming41,435111,441
Total U.S. (3)5,929(4)4159437,287

(1) Insurers that are domiciled in the state. Includes property/casualty, life/annuities, health, fraternal, title, risk retention groups and "other".
(2) This category is comprised of insurers designated by the NAIC as "foreign insurers"—i.e., insurers whose state of domicile is other than the state in which it is writing business. There is no U.S. total in this column to avoid double counting—i.e., insurers are only included in the figures for states in which they are domiciled.
(3) Totals include U.S. territories and possessions.
(4) No totals shown, so as to avoid double counting. Totals reflect insurers physically located in the state.

See Also
Resources

Source: Insurance Department Resources Report, 2020, published by the National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or redistribution strictly prohibited without written permission of NAIC.

Insurance companies by state (2024)

FAQs

What state has the most insurance companies? ›

New Mexico leads the ranking, followed by Utah and Oklahoma. The exorbitant number of 77 540 insurance companies is reached by simple math.

What are the 5 largest insurance companies? ›

  • #1: United Health Group (UNH)
  • #2: Berkshire Hathaway Inc. ( BRK.B)
  • #3: CVS Health Corp Group (CVS)
  • #4: The Cigna Group (CI)
  • #5: Elevance Health Inc. ( ELV)
  • #6: Centene (CNC)
  • #7: Ping An Insurance (PNGAY)
  • #8: Allianz (ALIZY)

Who is the #1 insurance company in the USA? ›

State Farm is the biggest auto insurance company in the country by market share, while Progressive, Geico and Allstate are the next three.

What are the top 5 insurance rating agencies? ›

Five independent agencies—A.M. Best, Fitch, Kroll Bond Rating Agency (KBRA), Moody's and Standard & Poor's—rate the financial strength of insurance companies. Each has its own rating scale, its own rating standards, its own population of rated companies, and its own distribution of companies across its scale.

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