The importance of insurance in USA

The U.S.A is one of the strongest nations of the world in terms of its economy. A vital part is played by the insurance industry in contributing to its strength. In 2017, the insurance industry alone was valued at $1.2 trillion.

Not only is insurance necessary for a thriving economy but it also mobilizes an individual’s funds. Insurance protects people from financial losses incurred through accidents beyond their control. It also helps individuals develop a habit of saving especially in the form of life investments.

Furthermore, insurance provides safe and authorized routes for an individual to invest their money by paying premiums to the insurance companies.

Types of insurance

There are several different types of insurance available to Americans. Each individual will often opt for a program or policy based on their own specific needs and wants. Programs will also vary in terms of price based on the kind of service that they offer.

Health insurance

This type of insurance is crucial in the U.S.A due to the high costs of medical treatment. Most Americans will have some type of government or private insurance that will assist them in paying for different procedures.

Different insurance programs cover a vast variety of treatments. They assist people not just in paying for regular medical checkups but are necessary in case of a sudden illness.

Well-known government programs include Medicare, Medicaid, and the Children’s Health Insurance Program. Furthermore, many organizations in the US also offer attractive insurance programs that benefit their employees greatly in exchange for a premium.

Home Insurance

Many people in the US insure their homes and other properties. This is very useful as house repairs can be very expensive especially for working-class people. The insurance policies often cover a wide range of hazards that might potentially cause damage to properties.

A standard form of insurance policy in the US will insure against fires, smoke, windstorms, lightning, and vandalism. Moreover, highly advanced policies are also available that cover a much more comprehensive list of dangers that are suitable for people who would like more specialized protection

Auto Insurance

The American people enjoy a high standard of living and most people will have their transport. However, automobile accidents are quite common due to increased traffic in busy cities. Additionally, repairs can be very costly and inconvenient.

Hence, it is quite important for a person to get his or her car insured. This makes it a lot easier for them to get their car repaired in case of damage and saves them from having to pay a hefty fee out of their pocket.

Top 3 Insurance Companies in the U.S.A

Like any other developed country, the U.S.A has a multitude of insurance firms. Here are some of the most well-known companies.


The state farm is a well-established firm that offers people with three main types of insurance. These include life insurance, home insurance, and auto insurance. Additionally, the firm also offers renters insurance.

What makes this firm accessible is that you can not only solicit information through telephone calls but can also arrange for a meeting with one of their many agents. The firm employs about 18,000 agents spread across many cities.

If you are an American all you need to do is visit their website, enter your ZIP Code and you will be able to arrange a meeting with the nearest agent in your area.

Liberty Mutual Insurance

Liberty Mutual Insurance prestigious firm is accredited through BBB Accredited Business and Norton Secured. It offers insurance in two main categories. This includes home insurance and auto insurance. Other types may also be available.

This company offers many advantages to its customers. Firstly, customers can quote online. This is convenient as you can quote from the comfort of your own house. Plus you can get up to 12% off on the price. Convenient and cost-effective.

Secondly, you can access their customer support service in several ways. Customers have the option of calling or visiting the website to access online customer service. Thirdly, the company also has its mobile app that greatly benefits customers.


 Allstate insurance company is a trusted insurance company that operates in both the US and Canada. They offer various types of insurance. This includes home, auto, renters, business and life among other types.

The firm provides American people with agents that live in their area. This makes it very easy for customers to arrange meetings. Agents can also be found by visiting the firm’s official website.

Furthermore, customers can also connect with the firm through their many social media accounts. This makes Allstate one of the most accessible insurance companies in the US.

Of course, many insurance companies are operating in the US but the key features of the above mentioned successful firms include accessibility and a variety of packages to suit the needs of every American citizen.