Elephant Insurance coverage Firm, a subsidiary of United Kingdom insurer Admiral Group, opened for enterprise in the USA in 2009. Admiral boasts six million prospects in eight nations and is listed within the Monetary Time Inventory Trade 100 Index of the London Inventory Trade. Elephant operates from its headquarters in Richmond, Virginia. Though it’s the brand new child on the block, Elephant presents a powerful portfolio of insurance coverage merchandise, together with car, residence and renters insurance policies.
As an internet insurance coverage firm, Elephant caters to the wants of younger adults, providing account administration instruments that policyholders can entry from the comfort of their computer systems or cellular units. See if Elephant Insurance coverage is the correct supplier for you.
Elephant insurance coverage protection choices and reductions
Elephant Insurance coverage insurance policies are supplied in 13 states, together with, Georgia, Illinois, Indiana, Maryland, Mississippi, Missouri, Montana, Nebraska, North Dakota, Pennsylvania, Tennessee, Texas and Virginia. The supplier presents a number of sorts of property insurance coverage, together with automobile, residence and renters insurance policies.
Elephant automobile insurance coverage
Elephant presents all customary auto insurance coverage coverages, however not many non-compulsory coverages. Elephant auto insurance coverage coverage choices embody:
- Bodily harm and property injury legal responsibility insurance coverage: This may pay the medical bills and auto restore prices of one other driver if you trigger an accident.
- Collision insurance coverage: This pays restore or substitute prices of your automobile after a lined collision.
- Complete insurance coverage: Complete insurance coverage pays to restore or change your car following a lined non-collision occasion, resembling hail injury.
- Medical funds insurance coverage: That is for the medical bills of you and your passengers when you find yourself at fault for an accident.
- Private harm safety: Private harm safety can pay the medical bills of you and your passengers, no matter which driver is at fault for an accident.
- Roadside help protection: If you happen to want help like gas supply, jumpstarts, lockouts, tire modifications and towing if you happen to break down on the highway, this protection will assist pay for it.
- Uninsured and underinsured motorist insurance coverage: This may cowl the medical prices of you and your passengers, in addition to restore prices to your automobile, when an underinsured or uninsured driver causes an accident.
Elephant householders insurance coverage
Elephant Insurance coverage doesn’t promote residence insurance coverage straight or underwrite residence insurance policies. As an alternative, it presents householders protection by Homesite Group. Householders insurance policies supplied by Elephant function substitute price protection, which pays to restore or rebuild your own home at present market prices. Nevertheless, in sure circumstances, a coverage could solely pay precise money worth for roof injury. Elephant presents most traditional residence insurance coverage coverages, however not many addons. Customary insurance policies embody:
- Dwelling protection: That is to pay restore or rebuild prices after a lined calamity resembling a hearth or vandalism.
- Lack of use protection: Lack of use protection can pay your lodge and meal bills if you happen to should transfer out of your own home following a lined catastrophe.
- Medical funds protection: This may pay the medical bills of a visitor who sustains an harm in your property.
- Private property protection: This protection can pay for gadgets resembling clothes and furnishings broken or destroyed by a lined peril or stolen by a burglar.
Elephant’s non-compulsory householders coverages embody:
- Prolonged dwelling protection: This gives 25% to 50% additional safety to your base dwelling protection.
- Id theft safety: This may pay as much as $15,000 in bills ensuing from identification theft.
- Private harm safety protection: This selection is to assist pay authorized bills if somebody sues you for invasion of privateness, libel or slander.
- Beneficial gadgets protection: Beneficial gadgets protection pays for costly private gadgets resembling paintings, cameras, furs, jewellery, musical devices, silverware or sports activities gear broken by a lined peril or stolen by a burglar.
Elephant renters insurance coverage
Like its householders insurance policies, Elephant’s renters insurance coverage contains barebones coverages, with out many addons. Nevertheless, Elephant’s renters insurance policies embody substitute price protection for certified private property gadgets, which many insurers solely provide as an non-compulsory protection. Renters insurance policies embody:
- Lack of use protection: This may pay for momentary housing and meals if you happen to transfer out of your rental unit after an occasion resembling a hearth.
- Private legal responsibility protection: This may help pay your authorized bills if somebody sues you over an harm that happens in your house.
That can assist you scale back the price of your insurance policies, Elephant extends a number of reductions, together with:
- Bundle reductions: Stand up to 40 % off if you buy auto and residential insurance policies.
- Digital signature reductions: Policyholders who join protection on-line can lower your expenses.
- Multicar reductions: Save as much as 26 % if you insure a couple of automobile.
- Good pupil reductions: Stand up to six % off for younger drivers 16 to 25 years of age who preserve a “B” common in class.
- Paperless account reductions: It can save you as much as 2 % per car for automobile insurance coverage policyholders who select paperless statements.
- Pay in full reductions: This low cost is for patrons who pay their premiums in a single cost.
- On-line quote reductions: Stand up to 12 % low cost if you happen to store for quotes on the Elephant Insurance coverage web site.
- Accountable driver reductions: Save as much as 5 % for auto coverage prospects who stay accident free for 5 years.
Elephant rankings, critiques, buyer satisfaction and complaints
Elephant insurance coverage critiques are a worthwhile useful resource to seek out out what you want to concentrate on earlier than signing up with a supplier.
First, an insurer’s monetary power is an indicator of its capacity to cowl claims, so when searching for insurance coverage, all the time test every provider’s credit standing. At the moment, the three main credit standing companies – AM Greatest, Moody’s and Customary and Poor’s haven’t rated Elephant Insurance coverage.
Additionally, test every provider’s customer support rankings. Yearly, market analysis firm J.D. Energy conducts research of the auto and residential insurance coverage markets, ranking and rating insurers primarily based on components resembling billing course of, claims dealing with, buyer interplay, coverage choices and value. Elephant Insurance coverage didn’t make the minimize in any of J.D. Energy’s 2019 insurance coverage research.
The Higher Enterprise Bureau fields client complaints filed in opposition to corporations and charges them primarily based on the variety of complaints it receives and the way effectively a enterprise settles grievances. The BBB offers Elephant its high ranking, A+. Within the final three years, Elephant prospects have filed simply 153 complaints with the BBB, most regarding product and companies issues, widespread gripes inside the insurance coverage business.
|Client/Credit score Score Company||Score|
|AM Greatest||No ranking|
|Customary and Poor’s||No ranking|
|J.D. Energy||No ranking|
|Higher Enterprise Bureau||A+|
Causes Elephant is a superb possibility
Elephant is a superb selection for individuals who favor doing enterprise on-line. Elephant rewards insurance coverage consumers with a reduction of as much as 12 % for requesting an internet quote. If you happen to qualify for a number of reductions, you possibly can save as much as 40 % in your insurance coverage premium.
Elephant additionally presents one-year phrases on auto insurance policies, not like many corporations that solely provide six-month phrases. In case your present firm inexplicably will increase your price each six months, contemplate switching to Elephant.
Elephant permits you to file a declare by e mail, mail, fax on-line or over the telephone. Nevertheless, the provider doesn’t provide 24/7 telephone claims or customer support.
Further insurance policies supplied by Elephant
Moreover auto, householders and renters insurance coverage, Elephant additionally sells:
- Life insurance coverage
- Motorbike insurance coverage
- Umbrella insurance coverage
Often requested questions
Who owns Elephant Insurance coverage?
Elephant is a subsidiary of British monetary companies firm Admiral Group. Admiral entered the UK. insurance coverage market in 1993 and based Elephant Insurance coverage in 2009.
In what states is Elephant Insurance coverage supplied?
Elephant Insurance coverage writes insurance policies in Georgia, Illinois, Indiana, Maryland, Mississippi, Missouri, Montana, Nebraska, North Dakota, Pennsylvania, Tennessee, Texas and Virginia.
Does Elephant Insurance coverage function native companies?
No. You may solely buy an Elephant coverage on-line or over the telephone. After shopping for a coverage, you possibly can file and observe a declare, pay your invoice and think about coverage data on-line in your Elephant account. Elephant additionally has a cellular app, accessible for Android and Apple units, which allows you to entry your insurance coverage paperwork, contact a customer support consultant and request roadside help from the palm of your hand.
Does Elephant Insurance coverage provide on-line quotes?
Sure. And, for requesting an internet quote, you possibly can earn as much as a 12 % low cost.