Top 5 Most Popular Car Insurance Companies in Federal Way, WA
Federal Way has a population of around 89,306, with an average rate of insurance of $1,360. However, by comparing prices and reviews on Zimlon, car owners can save more on auto insurance. Based on factors such as (but not limited to) age, marital status, and car make and model, this value may vary.
By analyzing market share data gathered for Washington, Zimlon lists the top 5 car insurance companies (based on market share) in Federal Way.
STATE FARM:
State Farm, with a market share of 16.05%, is first on this list. 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 Federal Way, 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 the third-largest property and casualty insurer in the country, as well. 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 Federal Way, 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, 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.
It is interesting to note that PEMCO Insurance, which has the best J.D. Power Rating of 850/1000 in the Northwest region, only has a market share of 5.37%