In this article, we will take a look at the 5 best farm and ranch insurance companies heading into 2024. To read our detailed analysis, you can go directly to 15 Best Farm and Ranch Insurance Companies Heading into 2024.
5. Nationwide Mutual Insurance Company
Annual Revenue (2022): $56.80 Billion
Nationwide Mutual Insurance Company ranks among the best farm and ranch insurance companies heading into 2024. The company is based in Ohio and provides home insurance, auto insurance, property insurance, car insurance, and farm and ranch home insurance. Under its farm and ranch insurance policy, the company provides coverage for ranch personal property, ranch structures, homes, and detached garages, along with extensive liability protection. The company offers its insurance under three packages including AgriChoice, AgriChoice Plus, and CountryChoice. Nationwide Mutual Insurance Company reported annual revenue worth $56.8 billion in 2022.
4. AXA SA (OTC:AXAHY)
Market Capitalization as of December 14, 2023: $73.79 Billion
AXA SA (OTC:AXAHY) is a multinational insurance company based in Paris, France. The company provides investment management and other financial services along with coverage for car insurance, health insurance, motorcycle insurance, and farm and ranch insurance. Under its farm and ranch insurance policy, the company protects livestock animals, tractors, farm properties, and farm outbuildings. The company also provides coverage for accidents and injuries. AXA SA (OTC:AXAHY) boasts a market cap of $73.79 billion, as of December 14.
3. Zurich Insurance Group AG (OTC:ZURVY)
Market Capitalization as of December 14, 2023: $76.69 Billion
With a market cap of $76.69 billion, as of December 14, Zurich Insurance Group AG (OTC:ZURVY) ranks among the best farm and ranch insurance companies heading into 2024. The Swiss company provides coverage for life insurance, business insurance, travel insurance, car insurance, mortgage protection insurance, and farm and ranch insurance. Under its farm and ranch policy, the company provides coverage for multiple crops, farm assets, and livestock. The company also compensates for damages from storms, floods, and theft. Zurich Insurance Group AG (OTC:ZURVY) was founded in 1872.
2. State Farm Insurance
Annual Revenue (2022): $89.3 Billion
State Farm Insurance is one of the best farm and ranch insurance companies heading into 2024. The company is based in Illinois and provides coverage for car insurance, home insurance, life insurance, and farm and ranch insurance. For its farm and ranch insurance policy, the company provides protection for personal property including dwellings, clothes, furniture, farm machinery, livestock, and farm tools. State Farm Insurance reported annual revenue worth $89.3 billion in 2022.
1. Chubb Limited (NYSE:CB)
Market Capitalization as of December 14, 2023: $92.25 Billion
Chubb Limited (NYSE:CB) ranks among the best farm and ranch insurance companies heading into 2024. The company is based in Switzerland and provides commercial insurance, property insurance, personal insurance, supplemental health insurance, and farm and ranch insurance. Under its farm and ranch policy, the company protects farm owners, dwellings, irrigation, outbuildings, personal private property, and tractor-trailers. It also provides coverage for bodily injuries and collisions. Chubb Limited (NYSE:CB) boasts a market cap of $92.25 billion, as of December 14.
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