There are many risks in the world, but thanks to insurance companies, we can limit those risks. Because of insurance firms, accidents of all kinds won't hurt us as severely from a financial standpoint.

We have several criteria that we can use to catalog insurance companies, such as geographical area, profit, premium collection, and so on. There are many aspects to be taken into consideration.


In this article, however, we'll talk about the best and most affordable insurance companies that won't break the bank. Let’s get started!

Learn About These Insurance Companies That Won't Break the Bank


The American International Group, or AIG, was created in 1919 in Shanghai. Now, it's based in New York City and covers many types of insurance, from life insurance to commercial and retirement policies.

The company has recovered from the 2008 financial crisis, when AIG and many other insurance companies were drastically affected. Nowadays, it has one of the most significant market caps (over $45 billion) and considerable assets that sum up to $525 billion.


It's also cheaper than its competitors. For example, life insurance at AIG would cost you around $240 depending on your health and lifestyle. For high-risk policies, AIG asks somewhere around $900 for $500,000 in coverage.

The top 5 insurance companies that compete with AIG come with costs of up to 10% higher, making AIG a more reliable choice, financially speaking. The downside is that the American International Group receives more complaints than any other company of its size, suggesting that many clients are not happy with the company.


AXA is also one of the largest insurance companies in the world. It totals more than 100 million clients from the 56 countries where the company operates.


AXA offers insurance services in North America, Africa, South and Central America, Europe, the Middle East, and the Asian Pacific. It is also one of the oldest insurance companies, as it was founded in 1889 in Paris.

AXA offers a wide variety of insurance policies, including car, business, life, commercial, home, or private insurance. Even travel insurance is available. Also, the company is not very costly.

Public liability insurance, for instance, starts from 57 GBP per year, and it comes with some interesting features that cover almost anything that might happen. Indemnity insurance also starts from 57 GBP, while 5-star car insurance begins from 246 GBP.

Berkshire Hathaway

Berkshire Hathaway is another one of the best insurance companies in the world, and it's associated with the famous billionaire, Warren Buffet. However, it's not only focused on insurance policies, as it's also an investment group with a focus on energy, finance, utilities, transportation, manufacturing, and much more.

Mainly, it provides insurance for property and casualty risks, as well as primary insurance. Via its several subsidiaries, such as GEICO, the company also offers car insurance and other types of insurance.

Berkshire Hathaway has a market cap of over $810 billion and more than $550 billion in assets. As for the costs of insurance, Berkshire Hathaway is affordable, but it's not as cheap as AIG, AXA, or other insurance companies.

However, it's one of the best. For a quote, you can simply contact the company and get the process started.

UnitedHealth Group

UHG is one of the most diversified health insurance companies in the United States of America. With a focus on health care, UnitedHealth Group totals more than 110 million customers in the US and 125 other countries around the world.

UnitedHealth Group features these two platforms.

  • UnitedHealthcare - focused on health benefits
  • Optum - focused on health services

Both of these platforms work together to benefit customers. The cost of health insurance from UnitedHealth Group is as low as possible for the domain of activity.

To get a full quote, you can go here. In short, UnitedHealth Group is one of the best insurance companies when it comes to healthcare and health services.

Learn About These Insurance Companies That Won't Break the Bank


There are dozens of insurance companies out there, so finding a reliable one is challenging. This is even more true now, since the market is not fully recovered after the recent pandemic that keeps claiming victims around the world.

For this kind of situation, as well as for potential accidents or health problems, insurance is an ideal solution. Be sure to choose the company that suits your needs the best!