Fri. Jul 19th, 2019

Elephant Insurance coverage Evaluation 2019: Complaints, Protection and Reductions

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Lacie Glover

Had greater than the median variety of complaints to state regulators for auto insurance coverage in 2018, relative to its dimension.Mum or dad firm has an A+ (Robust) monetary power score from Fitch Rankings.Small insurer with on-line focus obtainable in six states.

Elephant Insurance coverage is a small firm, presently obtainable in six states: Illinois, Indiana, Maryland, Tennessee, Texas and Virginia. Based in 2009, Elephant solely writes auto insurance coverage insurance policies. Nonetheless, it sells different forms of insurance coverage, equivalent to owners and renters, from different firms and affords a bundling low cost in some states. Elephant sells insurance policies on to customers, so the corporate is finest for individuals who favor an all-online expertise.

Elephant Insurance coverage evaluation particulars

Elephant auto insurance coverage protection choices

Elephant affords typical non-obligatory automotive insurance coverage protection sorts, together with complete, collision, roadside help and rental reimbursement protection. It additionally affords:

Authorized help protection: For as little as $5 per 30 days, policyholders can add this protection, which pays for authorized charges related to visitors prices, property planning, household regulation and extra.
Diminishing deductible is an additional choice solely obtainable when you have collision protection, and it have to be bought with the preliminary coverage or at renewal — not mid-contract. Once you enroll, Elephant takes $100 off your collision deductible instantly and one other $100 every year you’re accident-free afterward, as much as $500. Ought to you’ve got a wreck, the collision deductible gained’t reset — it’ll keep the identical for a yr after which proceed to lower as you keep accident-free.

Elephant’s auto insurance coverage reductions

Reductions from Elephant, similar to some other firm, differ by location and protection sort. You may get a most of 40% off your premium with any mixture of Elephant’s reductions, together with:

Multi-car low cost — as much as 40%.
Security options low cost.
On-line quote low cost — 15%.
Low cost for proudly owning a house.
Multi-policy (bundling) low cost — as much as 9%.
Accountable driver low cost — as much as 10%.
Paid in full low cost — as much as 13.5%.
Good pupil low cost — as much as 12%.

Different insurance coverage from Elephant

Elephant writes its personal auto insurance coverage insurance policies, however in-house brokers can get you different forms of insurance policies, too, together with:

Renters insurance coverage.
Residence insurance coverage.
Life insurance coverage.
Bike insurance coverage.

Extra about Elephant Insurance coverage

Customer support and rankings: Elephant Insurance coverage is a child by market requirements — some bigger firms have been round 100 years or extra. Being new to the market means the customer support rankings we usually seek the advice of aren’t obtainable for Elephant, nor are monetary power rankings from A.M. Greatest.

Nonetheless, we will inform you that Elephant Insurance coverage:

Had extra complaints to state regulators than the median in 2018, relative to its dimension, in keeping with the Nationwide Affiliation of Insurance coverage Commissioners.
Has a “Robust” (A+) monetary score from Fitch, an organization that evaluates monetary power in the UK, the place Elephant’s mum or dad firm Admiral Group is headquartered. This score signifies the corporate has a powerful skill to pay claims, in keeping with Fitch.

Web site: Elephant’s web site has all the conventional options you’d count on, and a rep for the corporate says its web site is mobile-friendly and most clients use the web site on their telephones. You possibly can pay payments, request ID playing cards, get a quote, file a declare, add declare pictures and extra.

Elephant presently doesn’t have a cellular app.

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