The Five Most Popular Car Insurance Companies in West Palm Beach, FL
The average cost of auto insurance in West Palm Beach, FL, is $2,082. This is much higher than the cost of auto insurance in neighboring places such as Schall Circle, Palm Springs, Mangonia Park. Car owners can save up to $830 on auto insurance by comparing multiple insurance quotes from different car insurance companies. The cost of insurance depends on numerous factors, including one’s neighborhood. Depending on the rate of auto thefts and the make and model of one’s car, the cost of insurance can vary from one area to another. Below is a list of the top 5 auto insurance companies in West Palm Beach, FL.
GEICO leads the way in Florida, with a market share of 25.23%. It has 5,160,726 direct premiums written, and 5,081,055 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 827/1000 in Florida.
Progressive is second on this list, with an A.M. Best Rating of A+ and a J.D. Power rating of 809/1000. It has a massive 3,749,329 direct premiums written, and 3,582,160 direct premiums earned. This earns Progressive a market share of 18.30% in Florida.
State Farm has a market share of 14.70%, with a J.D. Power rating of 834/1000, in Florida. The company also has an A.M. Best rating of A++. State Farm has 3,014,788 direct premiums written, and 3,047,953 direct premiums earned in Florida. State Farm makes it easy to shop for insurance with an immensely customer-friendly online portal.
Allstate has 1,897,567 direct premiums written and 1,880,647 direct premiums earned. The company has a market share of 9.28% in Florida. Allstate also has an A.M. Best rating of A+ and a J.D. Power rating of 847/1000.
USAA completes this list with a market share of 7.07%. It has 1,445,356 direct premiums written, and 1,431,650 direct premiums earned. This has earned USAA an A.M. Best rating of A++ and a J.D. Power Rating of 898/1000. This is the highest rating in Florida.