Electric Car Insurance Review [2020]

Electric auto insurance discounts are available for car, home, and other casualty insurance policies. Electric Insurance Company originally covered General Electric employees but now serves the public.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 27, 2021

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Company Details
Address: 75 Sam Fonzo Drive
City: Beverly
State: MA
ZIP Code: 01915
Phone Number: 800-342-5342
Year Founded: 1966
AM Best Rating: A (Excellent)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Electric Insurance Company was started to offer insurance to General Electric employees, and in 2003 they opened up insurance plans for the public
  • Electric Insurance has received good rankings in the business world
  • Customers of Electric Insurance report high satisfaction ratings

This exploration of Electric Insurance car insurance discounts focuses on Beverly, Massachusetts-headquartered Electric Insurance Company.

Originally founded to meet the insurance needs of General Electric Company workers in 1927, the company now focuses on writing property & casualty insurance policies such as car, homeowner, umbrella and renter insurance coverage.

In 2003, the company offered its insurance products to the public. In 2011, at least half of the company’s customers work for an employer other than General Electric.

Electric Insurance Company covers about 130,000 policyholders throughout the United States. Electric Insurance also works with customers in the European Union (EU) and Canada.

If you’re thinking about Electric Insurance car insurance discounts, request FREE car insurance quotes by entering your ZIP code above now!

Then, we hope you will continue to read more about Electric Insurance Company. We answer your questions about how to contact the company, agents, claims, and the products and services offered by Electric Insurance Company.

This company has an excellent rating with A.M. Best and an A+ rating with the Better Bussiness Bureau.

Inquiring about Electric Insurance Car Insurance Discounts

 

To find out more about car insurance discounts offered by Electric Insurance, call the company toll-free at 1-800-342-5342 or 1-978-921-2080. You can also write the company at, 75 Sam Fonzo Drive, Beverly, MA 01905.

Customers may also contact Elm Insurance Company in Montpelier, Vermont about Electric Insurance car insurance discounts at 1-802-229-5042.

Contact the company directly, or inquire about Electric Insurance car insurance discounts through the company’s network of independent car insurance brokers and agents.

According to the company website, insurance agents with an interest in selling Electric Insurance car insurance must submit a resume and cover letter through the company’s employer portal.

If you’re insuring more than one vehicle, need an umbrella or personal liability policy, or want to combine your homeowner or renter policy, you’ll find a variety of Electric Insurance car insurance discounts and options.

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Submitting an Application to Work at Electric Insurance Company

Electric Insurance Company is interested in hearing from insurance agents and salespeople, or insurance marketing professionals. Additionally, the company hopes to recruit customer service and car insurance claims pros.

Student interns and college graduates with math, finance, economics, statistics, information technology, computer science, or accounting degrees may also apply to the Electric Insurance Company’s analyst development training program.

The company trains interns and graduates for financial and data analytics positions.

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How to Qualify for Electric Insurance Car Insurance Discounts

The company offers car, umbrella, home, identity theft, condo/renters, emergency road assistance, and other property & casualty insurance coverage.

If you’re an employee of General Electric, you may qualify for even greater discounts on insurance coverage. The company even helps employees purchase a variety of insurance plans through convenient payroll deductions.

How to File a Claim with Electric Insurance

Vehicle insurance claim form

Electric Insurance Company’s belief is that each customer has individual needs and circumstances. That’s why each customer should inquire about the car insurance discounts offered by the Electric Insurance Company.

The company’s website reports that almost 100% of existing customers making a claim have enjoyed a positive experience.

If you’re involved in an accident and carry Electric Insurance, these are the steps you would typically take:

  • Call – Electric Insurance says that customer service is the firm’s top priority. To report a claim, or to check on an existing claim, customers may call 1-800-342-5342. When a need to report a claim exists, customers may do so 24 hours of the day, seven days a week.
  • File a claim – An insurance adjuster helps the client to file an incident report based on the information collected about the claim. The adjuster then arranges for the customer to obtain a repair estimate.
  • Repair – The insured must arrange for a damaged vehicle inspection by a locally approved claims adjuster and repair shop. The repair estimate is calculated, and Electric Insurance Company sends the insured customer a settlement check to facilitate the needed car repairs.
  • Inspect – If the insured client desires, she may request an inspection after the repairs are completed.

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Even with Car Insurance Discounts, Electric Insurance Still Makes Money

The Electric Insurance Company does a high volume business and predicts sales of about $450 million dollars this year. Of that amount, Electric Insurance Company expects about $25.5 million in net income.

Most of Electric Insurance Company’s sales are generated from premium income paid by its insured customers.

Electric Insurance Company wants to offer car insurance discounts to employee customers and to those individuals and business wishing to insure more than a single asset.

Insurance companies must compete for customers, and providing car insurance discounts is one of the best ways to interest customers in signing up!

If you’re wondering how your Electric Insurance car insurance rates compare with those of other insurance companies, type your home ZIP code below!

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