Editors’ take: Electric auto insurance is available nationwide and offers a healthy number of discounts. If you’re interested in a usage-based insurance program but live in a state where Electric’s Great Driver program isn’t available, you may want to look elsewhere.
Electric auto insurance at a glance
| Availability | Available in 50 states plus the District of Columbia and Puerto Rico |
| J.D. Power customer satisfaction ratings | Not listed |
| How to get an insurance quote | Over the phone |
| How to submit a claim | Online or via a hotline |
Pros
- Nationwide availability
- Usage-based insurance option could allow you to save based on how you drive
- Diverse products and services — from accident forgiveness to classic car insurance
- Numerous discounts
Cons
- Usage-based coverage isn’t available in most states
- No J.D. Power customer satisfaction rating
What you need to know about Electric auto insurance
Electric Insurance Company is a subsidiary of G.E. Capital U.S. Holdings, Inc. This insurer is a licensed property and casualty insurer in all 50 states, the District of Columbia, and Puerto Rico.
Based in Beverly, Mass., Electric provides auto, home and umbrella coverage for individuals and families. Its insurance options also include flood coverage and protection for specialty vehicles, watercraft and events.
Diverse, customizable insurance products
This insurer offers a wide range of car insurance products — including classic car insurance, which Electric provides in partnership with Hagerty. In addition to car insurance, Electric sells home coverage and umbrella insurance.
Electric offers three auto insurance packages that allow you to customize your coverage. Auto Plus is the most basic package. Premier Choice adds features like accident forgiveness and trip interruption expense coverage.
Signature Choice is for owners of heavily customized or high-value vehicles. It includes everything in the Premier Choice package and adds features like loan/lease gap coverage and a deductible waiver of up to $2,500.
Usage-based insurance option
Depending on where you live, Electric offers usage-based insurance that bases the cost of your policy on your driving behavior. The company’s Great Driver smartphone app scores you based on how you drive, considering factors like rapid acceleration and speeding.
But Great Driver is only available in some states, so if you want to get usage-based insurance, it’s best to check if it’s available in your state before committing to Electric.
Auto coverage offered by Electric
In addition to standard auto insurance coverages such as liability, collision, comprehensive and personal injury protection, Electric also offers optional unique coverages and services. Here are a few.
- New vehicle replacement cost coverage
- Authorization of OEM parts for repairs
- Fast-tracked claim payment if your car is totaled or stolen
- Accident forgiveness coverage
- Trip interruption expense coverage
- Loan/lease gap coverage
Auto insurance discounts offered by Electric
Electric offers several discounts. Here are some of them.
- Safe driver discount
- Discounts for qualified members of sponsored affinity groups
- Antilock brake discount
- Discount for vehicles with active or passive alarms
- Discount for completing a driver education course
- Electric and hybrid vehicle discount
- Good student discount for full-time students up to age 24
- Discount for low-mileage drivers (qualifying mileage varies by state)
- Multi-policy discount
FAQs about Electric auto insurance
Electric Insurance is an option for people seeking an insurance company that offers a lot of discounts and a wide range of coverage products, including classic car insurance. Electric sells home and umbrella coverage in addition to auto insurance, so it might be ideal if you want to get your home and car insurance from the same provider.
Electric is a real insurance company based in Massachusetts and owned by G.E. Capital U.S. Holdings, Inc. The company is rated “A” by A.M. Best, indicating excellent financial strength. Electric operates in all 50 states, the District of Columbia, and Puerto Rico, selling home, car, and umbrella insurance.
Not sure if Electric auto insurance is right for you? Consider these alternatives.
- Allstate — Auto insurance from Allstate could be good if you want access to a pay-per-mile program.
- Liberty Mutual — Where available, Liberty Mutual offers a discount of up to 40% for safe driving behavior through its usage-based insurance offering, RightTrack.