GM Volt Forum banner

1 - 14 of 14 Posts

·
Registered
Joined
·
2,130 Posts
Discussion Starter #1 (Edited)
I received an offer today that is supposed to be very insurance friendly for electric vehicles. I have no desire to switch insurance, but I thought some others might want to check it out. The number is 855 227 8555
I am not affiliated in any fashion and just received the flyer today. Some of you on the fence about insurance, might want to check it out. It stated it was the same service GE employees have trusted for more than 50 years. I know nothing else about t.
 

·
Registered
Joined
·
707 Posts
I got the same card yesterday. It went right in the recycle bin as I'm not interested in switching either.
 

·
Registered
Joined
·
1,623 Posts
From their website:

"Our foundations were laid in the 1920s when our predecessor company was formed to insure The General Electric Company's (GE) business activities (something we're still doing almost a century later). So it's not a surprise that when GE decided to expand in 1966 to offer its employees discounted auto and home insurance characterized by exceptional, GE-focused service, that Electric Insurance Company was the result. Now, more than 40 years later, we still help many GE families. But much of our business comes from the general public."
https://www.electricinsurance.com/About_Electric_Insurance/index.asp

I believe the "electric" in their name refers to GE rather than to EVs. However, if anyone is looking, it might be worth a call.

KNS
 

·
Registered
Joined
·
2,130 Posts
Discussion Starter #4
From their website:

"Our foundations were laid in the 1920s when our predecessor company was formed to insure The General Electric Company's (GE) business activities (something we're still doing almost a century later). So it's not a surprise that when GE decided to expand in 1966 to offer its employees discounted auto and home insurance characterized by exceptional, GE-focused service, that Electric Insurance Company was the result. Now, more than 40 years later, we still help many GE families. But much of our business comes from the general public."
https://www.electricinsurance.com/About_Electric_Insurance/index.asp

I believe the "electric" in their name refers to GE rather than to EVs. However, if anyone is looking, it might be worth a call.

KNS
On the flyer I received,it says "10% up front discount for your electric vehicle" It also says, "Electric Insurance Company Rewards electric car owners like you"
 

·
Registered
Joined
·
707 Posts
I did an online quote. In my situation, it was WAY more expensive, but that probably won't hold for everyone. They do have an AM Best rating of A, so not bad (AAA is best then AA).
 

·
Registered
Joined
·
707 Posts
Might have something to do with it.
For me, no, that isn't enough to make the difference, but every insurance policy is different. This could very well be a great deal for some.
 

·
Registered
Joined
·
9 Posts
I actually have had Electric Insurance auto for the past 20 years:
* at the time, I switched as my brother was a GE employee and recommended them
* for Massachusetts, every year I've compared they've been as-cheap (of course, ymmv); what's critical is their rating, not that they're cheapest.
* service (i.e. claims, a few made) has been good: prompt, no issues.
* I do get the EV discount, and low-mileage discounts across 4 cars in my driveway
* rates were good with two teen drivers (at least until my son totalled one of my cars :-o)
 

·
Registered
Joined
·
3,468 Posts
thezebra.com gives you estimates for many different companies and is a great place to start...

USAA, rarely can their rates be beat but you have to be eligible...Look into becoming eligible because often you can have a father/grandfather who served in the service and become eligible...USAA also has been known as recent as 2013 to allow eligibly to those without any military affiliation...Speculation to why is to satisfied membership shortfalls...If you catch wind of USAA waiving the military affiliation, drop everything to register with USAA...

Look over your exact coverage you're getting, are you paying extra for roadside, GAP insurance or some other service you may be already receiving? Agents love to bundle those in...

Discounts...Farmers, gives EV discounts but often their "discounted" rates are higher than others...My rates for the Volt, Farmers was nearly double...YMMV...Look into every discount...Geico for example can give a discount in certain states/locations if you own a partial share of Berkshire Hathaway Class B (the platform loyal3 allows commission free trades and partial shares)...

Insurance brokers will shop around for you...
 

·
Registered
Joined
·
37 Posts
Yup, I agree. I have had USAA for vehicles, home, our vacation home and umbrella. Nobody else could come close to their price with the exact coverage.
 

·
Registered
Joined
·
11,416 Posts
Originally Posted by EIC: New Vehicle Replacement Cost coverage is standard on all policies.



New Vehicle Replacement Cost coverage is a $12/year option from Allstate.

KNS
Makes you wonder then why it's an "option". I had guessed it would be more.
 

·
Registered
Joined
·
1,623 Posts
Makes you wonder then why it's an "option". I had guessed it would be more.
Helps them to lower the base price. As in, "would you like a steering wheel with that car?" Maybe someday the answer will be "no" but right now that, too, is a necessary option.

KNS
 
1 - 14 of 14 Posts
Top