Mon. Jul 15th, 2019

Elephant Insurance coverage Overview 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.Mother or father firm has an A+ (Robust) monetary power ranking from Fitch Scores.Small insurer with on-line focus accessible in six states.

Elephant Insurance coverage is a small firm, at present accessible 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 sorts of insurance coverage, corresponding to owners and renters, from different firms and provides a bundling low cost in some states. Elephant sells insurance policies on to customers, so the corporate is greatest for individuals who desire an all-online expertise.

Elephant Insurance coverage evaluation particulars

Elephant auto insurance coverage protection choices

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

Authorized help protection: For as little as $5 monthly, policyholders can add this protection, which pays for authorized charges related to visitors prices, property planning, household legislation and extra.
Diminishing deductible is an additional possibility solely accessible you probably have collision protection, and it have to be bought with the preliminary coverage or at renewal — not mid-contract. While you join, Elephant takes $100 off your collision deductible instantly and one other $100 annually you’re accident-free afterward, as much as $500. Ought to you’ve gotten a wreck, the collision deductible received’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 another firm, fluctuate by location and protection kind. You will 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 sorts 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 accessible for Elephant, nor are monetary power rankings from A.M. Finest.

Nevertheless, we will let you know that Elephant Insurance coverage:

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

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

Elephant at present doesn’t have a cellular app.

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