Earthquake insurance is becoming more important for many Americans, especially those living in areas prone to seismic activity. With standard homeowners’ insurance typically excluding earthquake damage, having a separate policy is essential for adequate coverage. Recent data highlights the top earthquake insurance companies in the U.S., showcasing their market shares and the protection they offer.
According to a report published on July 10, 2025, FM Global Group leads the pack with a 13.5 percent market share, writing direct premiums of $571.3 million. The company emphasizes risk management and property-loss prevention, achieving a notable surplus of $26 billion in 2024. Their policies cover various natural hazards, including earthquakes, and they focus on tailored solutions for businesses.
Following closely is Palomar Holdings Group, which holds a 12 percent market share with $515 million in direct premiums. The company had a record year in 2024, with gross written premiums increasing by 35 percent. They offer comprehensive earthquake insurance for both residential and commercial properties, ensuring coverage for damage and additional living expenses.
Zurich Insurance Group ranks third with a 10 percent market share and $434.6 million in direct premiums. The company reported strong earnings in 2024, driven by its property and casualty sectors. Zurich provides earthquake coverage as an add-on to standard policies, which often exclude such damage.
State Farm Group, with an 8 percent market share, is another major player. The company reported a significant turnaround in 2024, achieving a net income of $5.3 billion. State Farm offers earthquake insurance in most U.S. states, supplementing standard homeowners’ policies. Their coverage includes dwelling repairs and personal property replacement, with deductibles varying based on the insured value.
Berkshire Hathaway Group, holding a 5.3 percent market share, reported impressive operating earnings of $47.4 billion in 2024. Their insurance entities provide specialized earthquake coverage, ensuring protection against damages typically excluded in standard policies.
Chubb Ltd. and Travelers Group also feature prominently on the list, with market shares of 5.2 percent and 4.8 percent, respectively. Both companies reported strong financial performances in 2024, with Chubb offering specific earthquake policies and Travelers providing coverage for structural damage and personal belongings.
Other notable companies include QBE Insurance Group, GeoVera Holdings, and Liberty Mutual Group, rounding out the top ten. Each company offers unique policies tailored to meet the needs of clients in earthquake-prone regions.
As millions of Americans reside in areas susceptible to earthquakes, selecting the right insurance provider is crucial. These leading companies not only provide essential coverage but also emphasize risk management and financial stability. With the threat of earthquakes looming, having the right insurance can make a significant difference in recovery and peace of mind.