California Car Insurance

California insurance companies: The top 10

A.M. Best market share rankings for California passenger car insurance companies are as follows for 2013:

1. State Farm
2. Farmers Insurance
3. Allstate
4. Mercury General
5. Auto Club Enterprises Insurance Group
6. CSAA Insurance
7. Berkshire Hathaway Insurance
8. USAA
9. Progressive Insurance
10. Liberty Mutual

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12. Minimum requirements for California car insurance

14. It's illegal to drive in California if you do not have an auto insurance policy with coverage that meets minimum levels set by state law, which includes: 
    • Bodily injury liability: $15,000 for death or injury of any one person, any one accident; $30,000 for all persons in any one accident.
    • Property damage liability: $5,000 for any one accident.
    Drivers who do not purchase automobile insurance coverage can still satisfy state requirements through authorized alternative means. This includes leaving a cash deposit of $35,000 with the California Department of Motor Vehicles (DMV), or obtaining a surety bond for $35,000 from an insurance company licensed to do business in the state. Owners of fleets of 25 or more vehicles can also obtain a certificate of self-insurance from the DMV.