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Electric Auto Insurance Review

Sunday, 15 December 2013 19:53

Electric Insurance Company is a long established and financially secure insurance provider that was founded to serve the insurance needs of GE employees. Although half of its customer base now comes from outside of GE, it still caters its insurance products to GE employees by offering unique discounts and benefits that are not available to other customers. Electric Insurance has received a recent award for its customer service and is a great option to consider for GE employees with its wide range of coverage options and exclusive benefits.

Company Background Information

Electric Insurance Company was founded in 1927 by General Electric as the Electric Mutual Liability Insurance Company and provided workers compensation insurance for workers in the state of Massachusetts. In the 50s the company expanded to offer insurance nationally with the help of GE and in 1966 the charter for Electric Insurance Company was created with the purpose of offering auto and home insurance products to GE employees.

The first customers of Electric Insurance were GE employees exclusively but in the 70s the company was opened to the general public, and today about 50% of its customers are from outside of GE. The company is known for its strong financial stability and for winning a recent award for customer service at the American Business Awards. In the 90s it implemented six sigma business practices which helped it expand and improve upon its business efficiency, and it was one of the first companies to offer web based quotes. Today it writes over $450 million in premiums annually and is rated “A” by A.M. Best for its financial stability and consistent performance.

Pros of Electric Auto Insurance

  • An innovative and financially stable insurance company backed by a global giant
  • Several coverage options
  • Unique discounts for GE employees

Cons of Electric Auto Insurance

  • Some discounts and benefits not offered to the general public


Electric Insurance was founded to meet the needs of GE employees so to this day it still offers unique benefits and discounts to GE workers. There is personal excess liability coverage that is offered exclusively to them as well as Web Ex Connect support and discounts for signing up for payroll deduction for insurance payments.

However, other customers are eligible for discounts including the following:

  • Group affiliation discounts
  • Accident free discount for avoiding accidents
  • Anti-theft device installation discount
  • Driver training discount for drivers who take an approved course
  • Electric and hybrid vehicle discount
  • Multiple policy discount
  • Paid in full discount
  • Good student discount
  • New vehicle discount
  • Passive restraint discount
  • And many others

Types of Insurance Offered

GE offers a wide range of coverage options that vary based on the state including: bodily injury and property damage liability, uninsured motorist, underinsured motorist, personal injury, medical, collision, and comprehensive. Extra insurance options include towing and labor, GAP coverage, and rental vehicle reimbursement as well as emergency roadside assistance services.


The website is very nicely designed and has all of the features that other modern insurance websites have including the ability to file claims online, access policy documents, and more.

Customer Reviews

Customer reviews of Electric Insurance online are mixed with some customers complaining about increased rates, difficulties with their customer service, poor communication, and other issues. Positive reviews mentioned excellent customer service and low rates.



Electric auto insurance is probably the best choice to consider for GE employees due to the unique benefits offered to them. Those who do not work for GE would benefit from getting a quote from several providers to compare the rates and levels of coverage offered. If you are looking for auto insurance at the moment you can get immediate quotes by entering your zip code in the field on this page.

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