If you live in an earthquake-prone area in the USA, it’s important to have earthquake insurance to protect your home and belongings in the event of a disaster. However, choosing the right insurance company can be a daunting task, as there are many providers to choose from. To help you make an informed decision, we’ve compiled a list of the top 8 best earthquake insurance companies in the USA, based on their coverage, reputation, and customer reviews.
Thank you for reading this post, don't forget to subscribe!
Contents
State Farm
State Farm is a top-rated insurance company that offers earthquake coverage as an add-on to their homeowners’ insurance policy. They provide coverage for damage to your home and personal property, as well as additional living expenses if you’re unable to stay in your home due to earthquake damage.
State Farm is known for their exceptional customer service and financial stability, making them a reliable choice for earthquake insurance.
| Criteria | State Farm |
|---|---|
| Coverage | Offers earthquake coverage as an add-on to homeowners’ insurance policy, including coverage for damage to home, personal property, and additional living expenses. |
| Reputation | Top-rated insurance company with exceptional customer service and financial stability. |
| Customer Reviews | Highly rated by customers for their reliability and helpfulness. |
| Retrofitting Discounts | Does not offer discounts for homeowners who retrofit their homes to be more earthquake-resistant. |
Allstate
Allstate is another popular insurance company that provides earthquake coverage as an add-on to their homeowners’ insurance policy. They offer coverage for damage to your home and personal property, as well as additional living expenses if you’re unable to stay in your home due to earthquake damage.
Allstate also offers discounts for homeowners who retrofit their homes to be more earthquake-resistant, making them a great choice for those who take proactive measures to protect their property.
| Feature | Description |
|---|---|
| Coverage Options | Allstate offers earthquake coverage as an add-on to their homeowners’ insurance policy. They provide coverage for damage to your home and personal property, as well as additional living expenses. |
| Discounts | Allstate offers discounts for homeowners who retrofit their homes to be more earthquake-resistant. |
| Reputation | Allstate is a popular and well-established insurance company with a good reputation for customer service and financial stability. |
| Availability | Allstate earthquake insurance is available in most states in the USA. |
| Customer Reviews | Allstate has generally positive customer reviews for their earthquake insurance, with customers praising their competitive pricing and helpful customer service. |
Farmers
Farmers is a well-known insurance company that provides comprehensive earthquake coverage for both homeowners and renters. They offer coverage for damage to your home, personal property, and additional living expenses, as well as coverage for loss of use if your home becomes uninhabitable due to earthquake damage.
Farmers is known for their competitive pricing and excellent customer service, making them a great choice for earthquake insurance.
| Company | Farmers |
|---|---|
| Coverage Options | Comprehensive coverage for both homeowners and renters |
| Coverage for | Damage to home, personal property, additional living expenses, and loss of use if home becomes uninhabitable |
| Discounts | Available for certain safety features and policy bundling |
| Customer Service | Highly rated for customer service and claims handling |
| Financial Stability | Highly rated for financial strength and stability |
| Availability | Available in most states in the USA |
| Overall Rating | A reliable choice with competitive pricing and excellent customer service |
Liberty Mutual
Liberty Mutual is another top-rated insurance company that provides earthquake coverage as an add-on to their homeowners’ insurance policy. They offer coverage for damage to your home and personal property, as well as additional living expenses if you’re unable to stay in your home due to earthquake damage.
Liberty Mutual also offers discounts for homeowners who retrofit their homes to be more earthquake-resistant, making them a great choice for those who take proactive measures to protect their property.
| Company | Liberty Mutual |
|---|---|
| Coverage Offered | Damage to home and personal property, additional living expenses |
| Add-on or Standalone Policy | Add-on to homeowners’ insurance policy |
| Discounts | Available for homeowners who retrofit their homes to be more earthquake-resistant |
| Reputation | Top-rated insurance company with a long-standing reputation for excellent customer service and financial stability |
| Overall Rating | Highly recommended for those seeking earthquake insurance as part of their homeowners’ insurance policy, especially for those who take proactive measures to protect their property |
Nationwide
Nationwide is a well-established insurance company that provides earthquake coverage as an add-on to their homeowners’ insurance policy. They offer coverage for damage to your home and personal property, as well as additional living expenses if you’re unable to stay in your home due to earthquake damage.
Nationwide is known for their excellent customer service and financial stability, making them a reliable choice for earthquake insurance.
| Company Name | Nationwide |
|---|---|
| Coverage Offered | Damage to home and personal property, additional living expenses |
| Add-on or Standalone Policy | Add-on to homeowners’ insurance policy |
| Discounts | Available for those who retrofit their homes to be more earthquake-resistant |
| Reputation | Nationwide is a highly reputable insurance company with strong financial ratings and a focus on customer service |
| Overall Rating | Nationwide is a solid choice for those seeking earthquake insurance coverage as part of their homeowners’ insurance policy, especially for those who want to work with a company with a strong reputation for service and stability |
USAA
USAA is a trusted insurance company that provides earthquake coverage as an add-on to their homeowners’ insurance policy. They offer coverage for damage to your home and personal property, as well as additional living expenses if you’re unable to stay in your home due to earthquake damage.
USAA is known for their exceptional customer service and financial stability, making them a great choice for military members and their families.
| Company Name | USAA |
|---|---|
| Coverage Offered | Damage to home and personal property, additional living expenses |
| Add-on or Standalone Policy | Add-on to homeowners’ insurance policy |
| Discounts | Available for those who retrofit their homes to be more earthquake-resistant |
| Reputation | USAA is a highly respected insurance company, known for its excellent customer service and financial stability |
| Overall Rating | USAA is a great option for those seeking earthquake insurance as part of their homeowners’ insurance policy, especially for those who value a high level of customer service and financial stability in their insurance provider |
Chubb
Chubb is a premium insurance company that provides comprehensive earthquake coverage for both homeowners and renters. They offer coverage for damage to your home, personal property, and additional living expenses, as well as coverage for loss of use if your home becomes uninhabitable due to earthquake damage.
Chubb is known for their high-end coverage and exceptional customer service, making them a great choice for those who want the best protection for their property.
| Company Name | Chubb |
|---|---|
| Coverage Offered | Damage to home and personal property, additional living expenses |
| Add-on or Standalone Policy | Add-on to homeowners’ insurance policy |
| Discounts | Available for those who retrofit their homes to be more earthquake-resistant |
| Reputation | Chubb is a highly respected insurance company with a strong reputation for excellent customer service and financial stability |
| Overall Rating | Chubb is an excellent choice for those seeking earthquake insurance coverage as part of their homeowners’ insurance policy, especially for those who value a high level of customer service and financial stability in their insurance provider |
CEA
The California Earthquake Authority (CEA) is a non-profit organization that provides earthquake insurance to California residents.
They offer coverage for damage to your home and personal property, as well as additional living expenses if you’re unable to stay in your home due to earthquake damage.
| Company Name | California Earthquake Authority (CEA) |
|---|---|
| Coverage Offered | Damage to home and personal property, additional living expenses |
| Add-on or Standalone Policy | Standalone policy |
| Discounts | Available for those who retrofit their homes to be more earthquake-resistant |
| Reputation | CEA is a government-backed organization that provides earthquake insurance coverage to California residents |
| Overall Rating | CEA is a solid option for those seeking standalone earthquake insurance coverage in California, especially for those who live in high-risk areas and want the peace of mind of working with a government-backed provider |
Conclusion
In conclusion, earthquakes are a natural disaster that can strike without warning and cause significant damage to homes and personal property. While earthquake insurance may not be required by law, it is a wise investment for those who live in areas at high risk for earthquakes. By purchasing earthquake insurance, homeowners can have peace of mind knowing that their home and belongings are protected in the event of an earthquake.
FAQ
How many Americans have earthquake insurance?
According to the Insurance Information Institute (III), only a small percentage of Americans have earthquake insurance. In fact, in states where earthquakes are more common, such as California, only around 10% of homeowners have earthquake insurance.
Why do so few Americans have earthquake insurance?
There are several reasons why so few Americans have earthquake insurance. One reason is that earthquake insurance is not typically included in standard homeowners or renters insurance policies, and is often seen as an expensive add-on. Additionally, earthquake insurance policies usually come with high premiums and deductibles, which can make them unaffordable for many people.
What is the cost of earthquake insurance?
The cost of earthquake insurance can vary depending on a number of factors, including the location of the property, the value of the property, the level of coverage desired, and the deductible amount. According to the III, earthquake insurance premiums typically range from $800 to $5,000 per year, with an average cost of around $1,000 per year.
