Find out why insurance company codes are important.
When browsing forauto insurance, you want to be sure that any given provider is legitimate. One way to do that is by 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.
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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 above. Or, for an even easier experience, call (844) 246-8209 for free quotes.
Why You Can Trust Motor1.comAt Motor1.com, we are dedicated to supplying car owners with the well-researched, fact-checked information they need to make sound decisions about auto insurance. Our team analyzes provider offerings and customer insights so you can feel empowered to make the best choice.
What Is An Insurance Company Code?
An insurance company code is a specific code assigned toauthorized 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 theNational 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 12best car insurance providersfor 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.
|Rating||What it tells you|
|J.D. Power Auto ClaimsSatisfaction Study℠||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.|
|Provider Reviews||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 insurancecan 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 tocompare 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.
Compare auto insurance rates
Enter your zip code to shop for the best rates in your area:
Geico Insurance: Best Discount Availability
Geico’s insurance company code is 35882 with the NAIC. 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. Geico is low-cost and highly recommended. It’s a good place to start when comparing quotes.
Read more:Geico auto insurance review
USAA Insurance: Best For Military
USAA’s insurance company code is 25941 with the NAIC. USAA auto insurance policies are both comprehensive and inexpensive. The insurer has one of the strongest customer service reputations in the industry as well as some of the lowest car insurance rates on the market. Keep in mind that USAA car insurance coverage is only available to military members and their families.
Read more:USAA auto insurance review
Insurance Company Codes: FAQ
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 auto insurance rate estimates generated by Quadrant Information Services 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.
What is a company code for insurance? ›
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 the meaning of insurance code? ›
Insurance Code means the insurance laws, regulations and pronouncements applicable to each Regulated Insurance Entity or any person in connection with each Regulated Insurance Entity, including, without limitation, the laws and regulations of each Regulated Insurance Entity's state of domicile or state of deemed ...What is progressive 5 digit insurance company code? ›
The main Progressive NAIC number is 24260. Progressive's NAIC number is the five-digit code given by the National Association of Insurance Commissioners (NAIC), which assigns these numbers to authorized insurance providers in order to track customer complaints and ethics violations across state lines.What is the 5 digit insurance company code for USAA? ›
Company NAIC Number: 25968 3.How do I find company code details? ›
- Navigation: – SPRO – IMG – Enterprise Structure – Definition – Financial Accounting – Edit Copy, Delete, Check company code.
- Transaction code: – OX02.
- Database Table: – T880.
The NAIC number is a number that the National Association of Insurance Commissioner's (NAIC) assigns to each individual underwriting company. Below is a list of the NAIC numbers that are associated with our member companies. For existing policyholders, the NAIC number also appears on the ID cards as "Company Number".What is the code for checking insurance? ›
Verify the authenticity of a Motor Insurance Policy by dialing a USSD code as follows: Dial *920*57# and you will be instructed to enter the registration number of the vehicle you are about to board. The information you will receive on your phone will give you all the details of the vehicle.What is the code for no insurance? ›
Conviction for driving or using a vehicle without insurance (DVLA Code IN10) usually carries at least 6 penalty points, plus a hefty fine.What is the 3 digit code for progressive? ›
What is the 3 digit code for Progressive Insurance? Progressive Insurance's ICC code is 24260. The ICC code stands for Insurance Company Code and is designated to an insurance company by the National Association of Insurance Commissioners. The ICC code is commonly referred to as the company's NAIC code.What is the code for progressive? ›
What is Progressive's Payer ID or NAIC number? Though Progressive has several Payer ID/NAIC numbers listed, you can use 24260 as the default Payer ID for Progressive eBills.
What is insurance code 10192? ›
10192. If a policy of life insurance becomes paid up pursuant to a paid up nonforfeiture benefit, the insurer shall send a notice to the owner of the policy not later than six months after the date the paid up nonforfeiture benefit becomes effective, and once every five years thereafter.What insurance code is 946? ›
CURE New Jersey insurance code is 946.What is insurance code 791? ›
“The Insurance Information and Privacy Protection Act (Ins. Code, Sec. 791 et seq.) requires a written authorization before an insurance company may disclose personal information about an individual collected or received in connection with an insurance transaction.” (Puerto v.What is Geico's NAIC code? ›
|GEICO General Insurance Company One GEICO Plaza Washington, DC 20076-0001|
A company code is the smallest organizational unit for which a complete, self-contained set of accounts can be drawn up. A company is the smallest organizational unit for which individual financial statements can be drawn up according to the relevant commercial law. A company can contain one or more company codes.How many digits are used in company code? ›
The highest-level identification is the Company Code. The Company Code is a four-digit code that identifies a separate accounting entity within the SAP system.How do I create a company code? ›
- Step 1) Enter Transaction code SPRO in the command field.
- Step 2) In the next screen Select SAP reference IMG.
- Step 4) In the next screen, select activity – Edit Company Code Data.
- Step 5) Select New Entries.
- Step 7) Click Address Details button on same screen.
Your ER Code, also known as your Company Code, is a unique four-character code which we use to identify your company when you sign your Participation Agreement with us.What is the company code for direct auto insurance? ›
Direct General Insurance Agency, Inc. (d/b/a Direct Auto Insurance and in CA d/b/a Direct Auto Insurance Agency) NPN: 1637622.