Top 3 Earthquake Insurance Companies in Washington (2025) – Are You Covered?
February 28, 2025
The state of Washington is at high risk for earthquakes, making earthquake insurance an essential consideration for homeowners. While some homeowners insurance policies allow you to add earthquake insurance as an endorsement, these policies often come with limited coverage options, high deductibles, and less flexibility.
Fortunately, private earthquake insurance companies provide better coverage, competitive rates, and customizable deductible options, making them the superior choice.
In this guide, we’ll explore the top three private earthquake insurance companies in Washington based on their financial strength, deductible choices, and coverage availability.
Why Choose Private Earthquake Insurance Over Endorsements?
Many homeowners assume that adding an earthquake endorsement to their homeowners policy is sufficient, but these endorsements often lack the flexibility and coverage options that dedicated earthquake policies provide.
Here’s why private earthquake insurance is the better choice:
✅ Lower Deductibles – Some private insurers offer deductibles as low as 2.5%, compared to the standard 10%+ in most endorsements.
✅ More Coverage Options – Private insurers allow you to customize coverage for personal property, loss of use, and other structures.
Top 3 Earthquake Insurance Companies in Washington
1. GeoVera (Flex Limit Program)
Underwritten by: Coastal Select Insurance Company
AM Best Rating: “A” (Excellent)
Key Features:
✔️ Customizable coverage for other structures, personal property, and loss of use
✔️ Accepts homes built in 1925 and later
✔️ Deductibles from 2.5% to 25%
✔️ No slope restrictions – great for homes on steep terrain
✔️ Accepts various foundation types, including post and pier, slab, and crawlspace with concrete or wooden perimeter
2. GeoVera (Single Limit Program)
AM Best Rating: “A” (Excellent)
Key Features:
✔️ Offers Comprehensive and Standard coverage options
✔️ No age restriction – even homes built in the 1800s are eligible
✔️ Deductibles range from 10% to 25% (some areas restricted to 10% deductible)
✔️ No slope restrictions – ideal for homes on steep terrain
✔️ Accepts multiple foundation types, just like in their Flex Limit Program
3. Palomar
AM Best Rating: “A” (Excellent)
Key Features:
✔️ Highly customizable coverage – allows you to match dwelling and other structures coverage
✔️ Accepts older homes (built 1900 and later)
✔️ Deductibles from 2.5% to 25%
✔️ Slight slope acceptability – steeper slopes require underwriting approval
✔️ Accepts concrete slab and crawlspace with concrete perimeter foundations
Which Earthquake Insurance Provider is Right for You?
Choosing the best earthquake insurance provider depends on your home’s location, age, and structural type, as well as your budget and coverage needs. Here are some key takeaways:
- For older homes: GeoVera (Single Limit Program) or Palomar
- For homes on steep slopes: GeoVera (Flex Limit Program) or GeoVera (Single Limit Program)
- For maximum financial security: GeoVera (“A” AM Best Rating) or Palomar (“A” AM Best Rating)
- For the widest range of deductible options: GeoVera (Flex Limit) or Palomar
Get a Free Quote Today!
If you’re looking to compare earthquake insurance rates and find the best policy for your home, we can help! Visit EarthquakeAgent.com to get a personalized quote or speak with an expert today.
Final Thoughts: Endorsing earthquake insurance onto a homeowners policy may seem like a simple solution, but it often lacks the flexibility and comprehensive coverage that private earthquake insurance offers. By choosing GeoVera or Palomar, homeowners in Washington can access better coverage and lower deductibles. Get covered today and ensure your home is protected against earthquakes.