Top 5 Car Insurance Companies in Spokane, WA, by Market Share
By: Gokul Menon October, 24, 2019
Spokane, WA, with a population of 514,000 has an average rate of car insurance of $1,014. The rate of car insurance in this city ranges between $679 and $1,537. However, by comparing quotes and reviews on Gavop, car owners can save up to $410 on car insurance rates. Insurance rates vary based on factors such as (but not limited to) age, marital status, and car make and model.
By analyzing market share data gathered for Washington, Gavop lists the top 5 car insurance companies (based on market share) in Spokane, Washington.
STATE FARM:
State Farm, with a market share of 16.05%, is first on the list of the top car insurance companies in Washington. It has 883,758 direct premiums written, and 883,527 direct premiums earned. State Farm maintains its quality with an immensely customer-friendly online portal. The company has an A.M. Best rating of A++ and a J.D. Power Rating of 820/1000.
GEICO:
GEICO is second in Spokane, WA, with a market share of 11.57%. It has a massive 637,543 direct premiums written, and 626,295 direct premiums earned. GEICO continues to bring innovations into the field of insurance, the latest being its virtual assistant, KATE. GEICO has an A.M. Best rating of A++ and a J.D. Power Rating of 813/1000 in the Northwest region.
LIBERTY MUTUAL:
Liberty Mutual has a market share of 10.43%. The company is also the third-largest property and casualty insurer in the country. It has 574,536 direct premiums written, and 561,299 direct premiums earned. The company has an A.M. Best rating of A and a J.D. Power Rating of 792/1000.
PROGRESSIVE:
Progressive has a market share of 9.74% in Spokane, WA. It has 536,468 direct premiums written, and 510,058 direct premiums earned. Progressive finds its way into the Forbes list of “Best Employers for New Grads 2019”. The company has an A.M. Best rating of A+ and a J.D. Power Rating of 797/1000.
ALLSTATE:
Allstate rounds up the list of the top 5 car insurance companies in Washington, with a market share of 9.22%. The company has 507,733 direct premiums written, and 501,838 direct premiums earned. Allstate also has an A+ A.M. Best rating and a J.D. Power Rating of 816/1000.
ABOUT THE AUTHOR
Gokul Menon
Gokul works as a writer at Gavop. He holds an M.A. in Comparative Literature from the University of Hyderabad and a Bachelor’s in English from Madras Christian College. He has been a part of a couple of theatre groups, like Masquerade Youth Theatre and Theatre No. 59 and enjoyed being a part of Literary and Debating circles in Chennai. Gokul is an avid reader and has presented a few academic papers. He spends more time on Goodreads, than on any other social media platform.
