Wed. Oct 23rd, 2019

Elephant Insurance coverage Evaluate 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.Dad or mum firm has an A+ (Sturdy) monetary energy ranking from Fitch Scores.Small insurer with on-line focus obtainable in six states.

Elephant Insurance coverage is a small firm, at present obtainable in six states: Illinois, Indiana, Maryland, Tennessee, Texas and Virginia. Based in 2009, Elephant solely writes auto insurance coverage insurance policies. Nevertheless, it sells different varieties of insurance coverage, resembling owners and renters, from different corporations and gives a bundling low cost in some states. Elephant sells insurance policies on to shoppers, so the corporate is greatest for individuals who desire an all-online expertise.

Elephant Insurance coverage overview particulars

Elephant auto insurance coverage protection choices

Elephant gives typical elective automotive insurance coverage protection sorts, together with complete, collision, roadside help and rental reimbursement protection. It additionally gives:

Authorized help protection: For as little as $5 monthly, policyholders can add this protection, which pays for authorized charges related to site visitors fees, property planning, household regulation and extra.
Diminishing deductible is an additional possibility 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 join, 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 could have a wreck, the collision deductible received’t reset — it’ll keep the identical for a 12 months after which proceed to lower as you keep accident-free.

Elephant’s auto insurance coverage reductions

Reductions from Elephant, similar to another firm, range 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 scholar 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 varieties of insurance policies, too, together with:

Renters insurance coverage.
House insurance coverage.
Life insurance coverage.
Motorbike insurance coverage.

Extra about Elephant Insurance coverage

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

Nevertheless, we are able to inform you that Elephant Insurance coverage:

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

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

Elephant at present doesn’t have a cell app.

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