When browsing for auto insurance, you want to be sure that any given provider is legitimate. One way to do that is checking insurance companies' codes, which can help you make sure that the companies are reliable while making it easier to look at financial data and complaints.
This article will discuss two types of insurance company codes: the National Association of Insurance Commissioners (NAIC) number and the DMV code. We’ll tell you what these codes are for and how to look up your provider’s code.
When looking to buy car insurance, it’s always a good idea to compare rates. You can learn a lot from an NAIC report, but you should also read reviews dedicated to explaining coverage in common language. Start by reading our review of the best car insurance companies, and when you’re ready to begin looking for a policy, use our quote comparison tool below. Or, for an even easier experience, call (844) 246-8209 for free quotes.
In this article:
- What Is An Insurance Company Code?
- How Do I Find An Insurance Company Code?
- Other Valuable Ratings For Car Insurance Companies
- Our Recommendations For Auto Insurance
- FAQ: Insurance Company Codes
What Is An Insurance Company Code?
An insurance company code is a specific code assigned to authorized insurance retailers in the U.S. There are two types of insurance company codes: the NAIC code and the DMV code.
What Is A NAIC Code?
An NAIC insurance company code is a five-digit code that is assigned to an insurance company by the National Association of Insurance Commissioners (NAIC), which is an organization created to conduct regulatory oversight of insurance practices in the U.S.
Because each state has its own insurance commissioner and insurance laws, the NAIC used insurance company codes to can track companies across state lines and helps to establish standards and best practices. The NAIC also provides consumer productions and reports.
Insurance companies' codes can be used on the NAIC database to do the following:
- View the number of closed complaints
- Report fraud
- Review enforcement actions taken against a company
- Read market conduct examination reports
- Download financial statement data
While you're required to have liability insurance in your state, you don't have to use a specific provider. If you have a complaint with your insurance company, contact your state insurance commissioner. These complaints will then be listed and searchable under the insurance company's code.
NAIC codes don't only apply to automobile insurance companies. Any American insurance company that underwrites coverage has an NAIC number, including health insurance, life insurance, and fire insurance companies.
Also, a single insurance company may have more than one NAIC number. This happens when the parent company includes multiple underwriting organizations. When this is the case, the NAIC groups each organization into a group code under the parent company to keep things simple.
What Is A DMV Code?
A DMV code is a three-digit code assigned to insurance companies that are authorized to sell insurance in that state. While NAIC codes are standardized across the nation, DMV codes are specific to individual states and issued by a state's insurance commissioner, as each state has different insurance laws and regulations.
As a consumer, you do not really need to know which company is assigned which codes while shopping for auto insurance. This is something you do not need to know until after you have purchased insurance.
How Do I Find An Insurance Company Code?
Insurance company codes can be useful for looking up financial reports, complaints, and enforcement actions. If you’re looking for an NAIC code, you can visit the NAIC website for a list of insurance companies’ codes.
DMV codes should be listed on your insurance card and may be needed in order to register your vehicle. Contact your car insurance provider for more information.
Listed below are the NAIC codes for our top 12 best car insurance providers for your convenience:
- USAA insurance code: 25968
- Geico insurance code: 41491
- State Farm insurance code: 25178
- Progressive insurance code: 24260
- AAA insurance code: 71854
- Liberty Mutual insurance code: 23043
- Allstate insurance code: 37907
- The Hartford insurance code: 19062
- Nationwide insurance code: 23787
- Farmers insurance code: 21652
- Travelers insurance code: 41769
- Root insurance code: 10974
Other Valuable Ratings For Car Insurance Companies
There are a number of rating agencies and websites that review car insurance providers, many of which can be helpful. Before purchasing auto insurance, consider checking the following ratings. These are not property and casualty insurance company codes but are reliable numbers that can help you better understand a company.
What it tells you
J.D. Power Auto Claims Satisfaction StudySM
This score gives an indication of how satisfied customers are with the claims process. It might tell you how likely it is your claim will be accepted, as well as the speed and ease of the claims process with a particular company.
AM Best Financial Strength Rating
This rating indicates the financial strength of a company. The stronger a car insurance company’s financial strength, the more able it is to meet obligations and pay out claims.
Better Business Bureau Rating
BBB ratings are based on customer satisfaction and company reputation. A company with a high BBB rating is known for treating customers fairly and making reasonable efforts to resolve complaints.
Our provider reviews offer consumer-focused analyses. Scores are based on customer reviews, ease of claims filing, and quality of coverage.
Our Recommendations For Auto Insurance
Shopping for car insurance can be complicated. With dozens of options, it is more important than ever to be an informed shopper.
The best single piece of advice that we give to people looking for car insurance is to compare quotes and plans across multiple providers. Get started by using our quote comparison tool and checking out some of our top recommended providers. Or call our team at (844) 246-8209.
Geico Insurance: Best Overall
We think Geico is the best all-around auto insurance provider. With Geico auto insurance, you are eligible for a wide range of discounts. Student drivers receive discounts for good grades, and safe drivers can track their driving to receive premium reductions. Geico boasts nationwide availability, affordable rates, and an easy claims process.
We rate Geico at 4.5 stars out of 5.0. The J.D. Power 2019 Auto Claims Satisfaction Study gave Geico a score of 3 out of 5, and AM Best gives Geico an A++ financial strength rating. Geico is low-cost and highly recommended. It’s a good place to start when comparing quotes.
Geico’s insurance company code is 35882 with the NAIC. Read more about the provider in our complete Geico auto insurance review.
USAA Insurance: Best For Military
USAA is our top-rated provider, and we give USAA car insurance 5.0 stars out of 5.0. The only drawback is that it is only available to military members and their families.
USAA auto insurance policies are both comprehensive and inexpensive. The insurer has one of the strongest customer service reputations in the industry. J.D. Power’s Auto Claims Satisfaction Study rated USAA 5 out of 5 (among the best), and AM Best rated USAA at A++. USAA is capable of paying out claims and generally meets customer expectations. For military members and their families, we think there is no better choice than USAA.
USAA’s insurance company code is 25941 with the NAIC. Read more about the provider in our complete USAA auto insurance review.
In an effort to provide accurate and unbiased information to consumers, our expert review team collects data from dozens of auto insurance providers to formulate rankings of the best insurers. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5.0 stars.
- Industry Standing: Insurers with strong financial ratings and customer-first business practices receive the highest scores in this category.
- Availability: We consider availability by state as well as exclusions for specific groups of drivers.
- Coverage: This rating is based on types of insurance available, maximum coverage limits, and add-on policies.
- Cost and Discounts: Our research team reviews sample quotes for a variety of drivers in every state. Companies with lower prices and many car insurance discount opportunities receive the best scores.
- Customer Service: We comb through customer reviews and consumer feedback studies from experts like J.D. Power.
- Technology: Auto insurers with mobile apps, advanced online services and telematics are more likely to meet consumer needs.
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