Safety and security are some of the things humans so desire… The feeling of knowing you’re safe where ever you go or in whatever you do is bliss. It gives you the freedom to be your best at all times. Over the years, driving is one thing that has posed fear in the hearts of many. It has even prevented many from learning to drive or board vehicles. But thanks to insurance companies, they provide this sense of security to people and it has been really helpful.
In this article, we’ll be taking a look at Elephant Insurance. We shall take out time to tell you all you need to know about this insurance company, highlight reviews from customers, and then throw more light on grey areas.
To begin with, what is Elephant Insurance?
An Overview of Elephant Insurance
Elephant Insurance, based in Richmond, Virginia, is a customer-focused direct insurer. It is a part of Admiral Group plc, an FTSE 100 firm and one of the United Kingdom’s largest insurers, with operations in eight countries and over 6 million customers globally. Elephant specializes in auto insurance. Other types of insurance, such as homeowners and renters, are sold by other businesses, and in some areas, a bundle discount is available. Elephant sells insurance policies to customers directly, both online and over the phone.
Elephant Insurance Company is known for meeting the needs of tech-savvy consumers by providing account management tools that policyholders can use from their computers or mobile devices. In addition, the organization provides a wide choice of coverage alternatives. Elephant may be a good choice if you have specific coverage needs or prefer to conduct business online.
Georgia, Illinois, Indiana, Maryland, Ohio, Tennessee, Texas, and Virginia are among the states that provide Elephant Insurance plans. The company provides a variety of insurance coverage, including auto, house, and life insurance. Elephant’s policy selections, geographic availability, customer happiness, financial strength, and discounts are all broken down in this article for you so you can decide if it’s the ideal fit for your needs.
Elephant Auto Insurance
Elephant provides conventional auto insurance coverage, but there are few options for additional coverage.
Types of Auto insurance coverage
Options for Elephant vehicle insurance policies include:
Discounts For Auto Insurance Coverage
Elephant Insurance offers discounts that could help you save money on your rates. When you combine your insurance policies with Elephant Insurance, you may be able to save money.
The following discounts are available:
Elephant life insurance is a type of life insurance that protects customers. Customers can get life insurance through Elephant Insurance, which is underwritten by the American Family Life Insurance Company. If you have dependents, a life insurance policy may be able to help them after you pass away.
Elephant Insurance offers term life insurance, which simplifies coverage. You can acquire a quote online by selecting a term length between 10 and 30 years. If you like the quote, you’ll know exactly how much you’ll have to pay in premiums for the rest of your policy’s life.
Third-party evaluations might help you figure out what you need to know before joining up with a service provider. First, an insurer’s financial strength might be an indicator of its capacity to pay claims, therefore evaluating each carrier’s financial strength rating can be useful when searching for insurance. Elephant Insurance is currently unrated by the three major credit rating agencies: AM Best, Moody’s, and Standard and Poor’s.
You should also look at each carrier’s customer service ratings. J.D. Power conducts studies of the car and house insurance markets every year, rating and ranking insurers based on characteristics such as billing procedure, claims processing, customer interaction, policy offers, and price. Elephant Insurance, on the other hand, was not rated by J.D. Power.
Is Elephant Insurance Legit or Scam?
Elephant could be a good option for those who want to conduct business online. They offers a discount to insurance customers who use online quotes, paperless invoicing, and electronic signing.
Elephant also offers one-year auto plans, although many other businesses only offer six-month policies. Customers who would prefer only one renewal period per year to avoid rate increases may find this appealing.
Elephant allows you to submit a claim via email, mail, fax, or phone. However, the carrier does not provide customer service or claims support 24 hours a day, 7 days a week.
Another reason why Elephant Insurance is excellent is that If your car is totaled and you still owe money on it, loan/lease payment coverage, often known as gap insurance, protects you. Gap insurance isn’t sold by most insurance companies, so you’ll have to get it from the bank or dealership when you buy your automobile.
Elephant’s Coverage Wizard tool can help you figure out what coverages you really need. It will ask you a series of questions about your vehicle and driving patterns before making personalized recommendations based on your responses.
SEE ALSO: 20 Best Home Insurance Companies In 2022
Cons or Downsides of Elephant Insurance
The major cons are that Elephant presently only sells auto insurance in Illinois, Indiana, Maryland, Ohio, Tennessee, Texas, Virginia, and Georgia. You’ll have to find another insurance company if you don’t live in one of their service zones. For the previous three years, Elephant has received more complaints than expected based on its market share. So they have more customer complaints than other insurance companies.
At Elephant Insurance, Policyholders can have legal help coverage for $5 per month, which pays for legal expenditures associated with traffic tickets, estate planning, family law, and other issues. The option of a decreasing deductible is only available if you have collision coverage, and it must be acquired at the time of purchase or renewal – not in the middle of a term. Elephant deducts $100 from your collision deductible when you sign up, and another $100 each year you stay accident-free after that.
We hope the information provided here will help you make the best insurance choice.
Let us know what you think about elephant insurance.
FAQs On Elephant Insurance
Yes. Elephant allows you to bundle your house and auto insurance plans, potentially saving you money on both. Furthermore, you may be able to pay both premiums through a single billing process.
No. Elephant policies can only be purchased online or over the phone. You can use your Elephant account to file and track claims, pay bills, and check policy details after purchasing insurance. Elephant also offers a mobile app for Android and Apple smartphones that allows you to access your insurance paperwork, contact customer support, and request roadside help all from the palm of your hand.
Elephant is a subsidiary of Admiral Group, a British financial services firm. Admiral first joined the UK insurance market in 1993, and Elephant Insurance was established in 2009.
Yes. Customers that generate a rapid online quote can even get a discount from Elephant.
You must have a minimum amount of auto insurance coverage under state law. When it comes to auto insurance, however, the more coverage you get, the less money you’ll have to pay out of pocket if you have an accident.