In most Elephant Auto Insurance reviews, you will find that they have an overall high rating for customer satisfaction and claim processing. Compared to other insurance companies, Elephant Insurance is relatively new, which means that they will have comparable policies to consider.
Whether you’re searching for your first insurance policy or something that is better than your existing policy, this company has a lot to offer. Let’s take a close look at what those are.
About Elephant Auto Insurance
Founded just over two decades ago, Elephant Auto Insurance is based out of Virginia. At first, their target demographics were the states of Maryland, Illinois, Indiana, Virginia, Tennessee, and Texas. However, they are now beginning to consider the benefits of expanding their policies across the United States.
One of the most notable things you’ll quickly realize about Elephant Auto Insurance is that they have some of the most competitive deductibles and prices out of any other insurance company. This is what leads to an overall 9.3/10 rating. They excel in financial strength, discounts, and pricing, as well as claims satisfaction.
Elephant Auto Insurance Coverage Options
Auto insurance coverage doesn’t differ drastically from provider to provider. Elephant Insurance has similar packages to most other insurance companies, including:
- Property Damage Liability
During accidents where you are found at fault, you will be able to use your property damage liability coverage to deal with damages to other vehicles and property. The maximum coverage for property damage is $250,000 per accident.
- Bodily Injury Liability
To cover the costs of injuries in an at-fault accident, you will need bodily injury coverage. This has a maximum coverage of $250,000 per person and $500,00 for each accident.
There’s a lot to consider with an at-fault accident, which is where collision insurance can help to add onto existing coverage. Collision coverage is very useful for medical bills, car repairs, and other related expenses.
Comprehensive isn’t always a mandatory form of coverage, but it is highly recommended. It helps to pay for unexpected damages to your vehicle, such as vandalism, theft, or damage from natural disasters.
- Medical Payments
In an accident where you are unable to pay for medical costs out of pocket, medical payment coverage will deal with your medical bills from the accident.
- Personal Injury Protection
This type of coverage is most useful for additional costs of getting into an accident, such as child care, lost wages, and ambulance rides. This is available regardless of who is found at fault.
- Under and Uninsured Motorist Coverage
If you are in an accident where the other driver is uninsured or underinsured, this coverage will deal with costs associated with your injuries.
- Rental Reimbursement
If you are in need of a rental vehicle while your car is being repaired after an accident, your rental will be reimbursed by Elephant Auto Insurance.
- Roadside Assistance
Ideal for situations where your car breaks down or you have a flat tire without a spare, roadside assistance is available 24/7 across the United States.
Benefits of Elephant Auto Insurance Policies
When you’re choosing the perfect insurance policy, you’re going to need to take the benefits of each company into account. The largest advantages of choosing Elephant Auto Insurance include:
- Diminishing Deductible Program
The most interesting way that you can save on your insurance is with the help of this program. After signing up, you will receive $100 off of your deductible on the first day. Every five years of clean driving history, you’ll save an additional $500.
It’s also important to note that if you get into an accident, Elephant won’t reset your deductible back to its original amount. This will help you to get an ample amount of savings over the length of your policy.
- Multi-Vehicle Policies
It’s far more common for families to have more than one vehicle, which is why you’ll love Elephant Auto Insurance’s multicar policies. You can save up to 20% off of your total coverage if you have more than one car insured in your household.
- Responsible Driving and Student Discounts
Simply by being a safe driver, you not only benefit from the Diminishing Deductible Program but also their responsible driving discounts. If you remain accident-free for five years, you can save up to 10% off of a specific type of coverage. For students who maintain a “B” average, you can save 12% off of your policy.
- Electronic Discounts
Simply by switching from paper to electronic billing, you can save 3% per vehicle. Another electronic discount is the electronic signature discount. With Elephant Auto Insurance, you can sign your paperwork online, and by going green, you can save even more.
- Insurance Bundling
If you opt to bundle your homeowners/renters insurance and auto insurance together, you can experience varying discounts based on your personal account. This is ideal for someone who is looking for multiple types of coverage from a single provider.
- Online Processes
For someone who loves the idea of streamlining their insurance account online, you’ll appreciate Elephant Auto Insurance. You can get a quote and sign up for insurance without having to visit an in-person location. You will also have access to all of your important documents through their online portal.
- One-Year Terms
This is very rare with most insurance providers, as you will generally need to sign up for longer periods. With Elephant Auto Insurance, you can opt for one-year insurance terms, helping you to lock in your policy rate for 12 consecutive months.
Cons of Elephant Auto Insurance Policies
Even though you can experience plenty of savings with Elephant Auto Insurance, there are a few disadvantages to take note of, including:
- Limited Availability
Unfortunately, this insurance company has one of the smallest availabilities, as it is currently open to residents of only six states. However, the company is likely to expand its coverage to other states in the future.
- Limited Options for Payment
Compared to other insurance companies, you may find that choosing a payment method is a little more difficult with Elephant Insurance. They only accept credit, debit card, or bank account withdrawals.
Additionally, if you do not pay the entire amount for your policy up front, you have to sign up for automatic payments.
- Cheapest for Multicar Households
Most of the savings and discounts are to be had by households with multiple vehicles. You’ll likely still be able to find competitive rates, but they won’t be as affordable as families with more than one vehicle that is insured.
Elephant Auto Insurance Reviews: Final Thoughts
Elephant Auto Insurance is a fantastic option for drivers who are in the market for affordable insurance, especially if you need to get one for more than one vehicle. Depending on your driving history, you can get rates that are up to 40% more competitive than what you’d find from big insurance providers.
Unfortunately, we discovered through Elephant Auto Insurance reviews that they only offer coverage to six states, though hopefully more in the future. For now, if you live in Tennessee, Indiana, Maryland, Illinois, or Texas, you have an affordable and comprehensive insurance company to consider.