Top 15 Earthquake Insurance Companies

August 21, 2019

Earthquake coverage is available mostly from private insurance companies. In California homeowners can also get coverage from the California Earthquake Authority (CEA), a privately funded, publicly managed organization. Only about 10 percent of California residents currently have earthquake coverage, down from about 30 percent in 1996, two years after the Northridge, California, earthquake.

According to the Insurance Information Institute, just 8% of homeowners responding to a May 2016 poll said they have earthquake insurance. Homeowners in the West were most likely to have earthquake insurance with 14 percent saying they had the coverage followed by the Midwest at 7 percent; and the South and Northeast at 6 percent.

Here is a list of the top insurance companies writing earthquake coverage provided by Insurance Journal’s research partner Demotech Inc.

Rank Company/Group 2018 Earthquake
DPW Market ($000s)
Share
1 California Earthquake Authority $774,296 23.8%
2 State Farm Group $268,092 8.2%
3 Zurich Insurance Group $225,717 6.9%
4 Chubb Ltd. Group $157,018 4.8%
5 American International Group $133,495 4.1%
6 Travelers Group $127,366 3.9%
7 GeoVera Holdings Inc. Group $104,634 3.2%
8 Palomar Specialty Insurance Co. $92,980 2.9%
9 Liberty Mutual Group $82,584 2.5%
10 AXA Insurance Group $75,591 2.3%
11 Sompo Group $70,565 2.2%
12 Berkshire Hathaway Group $69,614 2.1%
13 USAA Group $60,577 1.9%
14 Markel Corp. Group $59,724 1.8%
15 Swiss Re Group $59,612 1.8%
Top 15 Companies/Groups $2,361,867 72.7%
TOTAL ALL Companies $3,250,302 100.0%

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Latest Comments

  • August 22, 2019 at 7:39 am
    CL PM says:
    And how would you do it differently if it was your capital on the line?
  • August 21, 2019 at 5:42 pm
    Retired Agent says:
    I am in the New Madrid earthquake zone. My personal coverage is with a national independent agency company. Coverage A 600k. I carry a $2,500 ded with an EQ ded of 15% includi... read more
  • August 21, 2019 at 1:35 pm
    Jack says:
    Even more telling is the EQ deductibles they slip in on their policies. State Farm here in SC will put a 10% and even a 15% deductible, USAA will hit you with 10% as well. Cus... read more

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