Electric Insurance Company, Coverage, Reviews and Quotes

Electric Insurance Company :  When people search for Electric Insurance Company, they often want to know if it’s reliable, affordable, and trustworthy. Based in Beverly, Massachusetts, this insurer has been serving customers for decades, offering auto, home, renters, and specialty insurance. Its connection with General Electric (GE) has given it a unique edge, though the company has faced changes in recent years, including restructuring and sales.

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So, what exactly makes Electric Insurance Company stand out in a crowded insurance market? Unlike traditional insurers, it has a history of tailoring solutions for employees, businesses, and now, electric vehicle (EV) owners, a rapidly growing market. As electric cars, bikes, and even scooters gain popularity, specialized coverage becomes essential.

Let’s take a deep dive into what Electric Insurance Company offers, its strengths and weaknesses, reviews, and future outlook.

Electric Insurance Company Services

Like most insurers, Electric Insurance Company provides a wide range of policies. However, it has carved a niche in automotive and electric vehicle insurance, making it especially appealing to modern drivers.

Auto Insurance Coverage

Electric Insurance Company’s auto insurance includes the basics—liability, collision, and comprehensive coverage—but it also offers unique add-ons:

• Roadside assistance for breakdowns and accidents

• Rental car reimbursement when your vehicle is being repaired

• Discounts for safe drivers and students

• Multi-policy savings when bundled with home or renters insurance

Its electric auto insurance is particularly attractive for Tesla, Rivian, and other EV owners. With the rise in electric cars, having an insurer that understands battery replacement costs and specialized repair centers is a huge advantage.

Electric Vehicle Insurance Options

EVs aren’t the same as gas-powered cars, and neither should their insurance be. Electric Insurance Company provides:

• Battery coverage (one of the most expensive EV parts)

• Charging equipment protection for home EV chargers

• Coverage for fire risks and electrical system failures

• Special EV roadside services (like mobile charging units)

These specialized offerings place it among the best insurance companies for electric cars in the U.S.

Homeowners and Renters Insurance

The company doesn’t stop at vehicles. Home insurance covers everything from fire, theft, and storm damage to personal liability. Renters get affordable policies that protect their belongings and provide peace of mind.

Interestingly, Electric Insurance Company also considers electrical panel requirements, since outdated wiring can affect eligibility. Homeowners often ask: “Will insurance companies insure a Federal Pacific Electric panel?” Many insurers, including Electric Insurance, may require upgrades before coverage.

Specialty Insurance Products

Beyond standard policies, the company offers:

• Umbrella insurance for extra liability protection

• Condo coverage for shared-property residents

• Flood and earthquake add-ons in high-risk areas

This flexibility makes it appealing for both individuals and businesses.

Electric Insurance Company and Electric Vehicles

One of the most frequent searches today is for the best insurance company for electric vehicles. That’s because EVs bring unique challenges: high battery costs, limited repair shops, and evolving safety standards.

Why EV Owners Need Specialized Insurance

A traditional insurer might not fully cover the complex battery system in an EV. If a Tesla Model 3 battery gets damaged, replacement costs can reach $15,000–$20,000. Without specialized coverage, EV owners risk huge out-of-pocket expenses.

Electric Insurance Company recognizes this and provides eco-friendly insurance solutions tailored for electric drivers.

Best Insurance Companies for Electric Cars (Comparison)

When comparing the best insurance companies for electric cars, customers often evaluate:

• Cost of premiums (EV insurance is often higher)

• Battery and charging station coverage

• Discounts for eco-friendly vehicles

• Customer reviews and claim response time

Competitors include Progressive, State Farm, and Allstate, but Electric Insurance Company’s deep EV focus sets it apart.

EV Battery Coverage Explained

The battery is the heart of an EV—and its most expensive component. Electric Insurance Company provides coverage for degradation, replacement, and fire-related issues. That alone saves EV owners thousands in the long run.

Green and Eco-Friendly Insurance Policies

Beyond EVs, the company promotes sustainable insurance solutions, encouraging eco-conscious choices. Some policies even offer discounts for hybrid or fully electric cars and incentives for green home improvements.

Location and Contact Information

Customers often search for Electric Insurance Company Beverly, MA 01915 when looking to connect directly.

Electric Insurance Company Beverly, MA Address

Corporate Office Address:
Electric Insurance Company
75 Sam Fonzo Drive
Beverly, MA 01915

This Massachusetts location has long been the hub of operations.

Phone Number and Customer Service

For customer support:
Electric Insurance Company Phone Number: (varies by department; customer service and claims lines available)

Common contacts include:

• Claims Phone Number – For filing auto or home claims quickly

• Customer Service Line – For billing, coverage questions, or technical help

How to File Claims Easily

Customers can file claims via:

• Phone (claims hotline)

• Online login portal

• Mailing claims address

The digital portal makes it easy for customers to track claims, upload documents, and check status updates in real time.

Electric Insurance Company Reviews and Ratings

Like any insurer, Electric Insurance Company has mixed feedback. Some customers highlight smooth claims, while others raise concerns about service delays.

AM Best Rating Explained

The AM Best rating evaluates the financial strength of an insurance company. Electric Insurance Company has historically held a solid rating, meaning it’s financially stable enough to handle claims reliably.

Customer Reviews and Complaints

Common praises include:

• Affordable rates for GE employees and EV drivers

• Quick roadside assistance

• Easy online bill payment

Common complaints include:

• Limited nationwide recognition compared to giants like State Farm

• Claims delays in certain cases

• Changes due to restructuring and ownership transitions

Is Electric Insurance a Good Company?

The answer depends on your needs. For electric car owners and GE-affiliated employees, it’s often one of the best insurance options. For others, it may be worth comparing with bigger carriers.

Electric Insurance Company Ownership and Recent Changes

Over the years, one of the most common questions people ask is: “Who owns Electric Insurance Company?” For decades, the company was a subsidiary of General Electric (GE), created to provide insurance solutions for its employees and affiliated businesses. This connection gave it credibility and a loyal customer base.

Who Owns Electric Insurance Company?

While GE was the parent company for most of Electric Insurance Company’s history, recent years brought changes. The insurer transitioned ownership to RiverStone International, a global insurance group specializing in acquisitions of legacy insurance operations. This shift raised questions among policyholders, especially regarding the continuity of coverage and claims service.

Who Bought or Is Buying Electric Insurance Company?

As part of GE’s larger restructuring strategy, several divisions were sold off, including its insurance arm. RiverStone International acquired Electric Insurance Company, ensuring that existing customers would still receive coverage, though with potential adjustments in policies and management styles.

This change reassured many policyholders who were concerned that Electric Insurance Company might be “going out of business.” Instead, it now operates under a new owner with strong financial backing.

Electric Insurance Company Sale and Future Outlook

The sale positioned Electric Insurance Company for greater stability and potential growth in new markets. While GE shifted focus to aviation and renewable energy, RiverStone’s acquisition allowed the insurance branch to continue serving auto, home, and EV clients without disruption.

The future outlook looks promising, especially as demand for electric vehicle insurance grows. With new backing, the company may expand its EV-focused policies, eco-friendly discounts, and digital insurance tools to stay competitive.

Online Tools and Digital Services

In today’s fast-paced world, insurance companies must offer seamless digital services. Electric Insurance Company has invested in online platforms, portals, and mobile apps to make insurance management simple and accessible.

Electric Insurance Company Login & Online Payments

Through the Electric Insurance Company login portal, policyholders can:

• Pay bills online securely

• View and download policy documents

• Update personal information

• File claims and track progress

This self-service option reduces wait times and gives customers control over their insurance needs anytime, anywhere.

Mobile App and Digital Claims Process

The company also provides a mobile app for convenience. With just a few taps, users can:

• Report an accident and upload photos directly

• Request roadside assistance

• Track the claims process in real time

• Access ID cards and policy details instantly

This digital-first approach helps Electric Insurance compete with larger carriers like Progressive and State Farm, which already have advanced mobile solutions.

Cybersecurity and Data Privacy

With online tools come concerns about security. Electric Insurance Company emphasizes cybersecurity and data protection, using encryption and secure servers to protect sensitive customer data. In a world where cyberattacks are rising, this assurance is crucial for customer trust.

Electric Insurance Company for Businesses

Electric Insurance Company doesn’t just cater to individuals—it also provides specialized insurance for businesses, contractors, and electrical companies.

Electrical Contractors Insurance Coverage

Electrical contractors face unique risks, from on-site accidents to equipment damage. Electric Insurance Company offers:

• General liability coverage for property damage or injury claims

• Tools and equipment insurance for lost or damaged assets

• Errors and omissions insurance for professional mistakes

These policies help contractors stay compliant with regulations while protecting their livelihood.

Workers’ Compensation Plans

For businesses employing electricians, technicians, or contractors, workers’ compensation insurance is essential. Electric Insurance Company provides coverage for:

• Medical expenses after work-related injuries

• Wage replacement during recovery

• Rehabilitation and return-to-work support

This ensures both employees and employers are protected in case of accidents.

Liability Insurance for Electrical Companies

An electrical company insurance policy often includes commercial auto coverage, general liability, and property insurance. Since electrical businesses deal with high-risk environments, this protection helps them avoid devastating financial losses from lawsuits or accidents.

For companies seeking comprehensive coverage, Electric Insurance Company offers bundled packages tailored to their needs.

FAQs about Electric Insurance Company

Does Electric Insurance Cover EV Charging Equipment?

Yes. Many EV insurance policies from Electric Insurance include coverage for home charging stations, protecting against damage from electrical surges, theft, or fire.

What Health Company Insurance Does Consolidated Electral Distributors Have?

Consolidated Electral Distributors typically partners with major health insurance providers, but customers often search for this because they want clarity on employee benefits. While Electric Insurance Company itself does not provide health insurance, it collaborates with companies that do.

Why Are Some Insurance Companies Refusing to Insure EVs?

Some insurers hesitate due to high repair costs, battery replacement risks, and lack of widespread EV repair infrastructure. However, companies like Electric Insurance embrace this challenge by offering specialized EV insurance packages.

What Are the Unacceptable Electric Panels for Homeowners Insurance?

Panels such as Federal Pacific Electric (FPE) and Zinsco are often deemed unsafe and may disqualify homeowners from coverage. Electric Insurance Company, like many others, may require upgrades before approving a policy.

Is GEICO the Same as General Electric Insurance Company?

No. Despite the similarity in names, GEICO is not affiliated with General Electric or Electric Insurance Company. GEICO is owned by Berkshire Hathaway, while Electric Insurance Company was historically part of GE.

Should You Choose Electric Insurance Company?

Electric Insurance Company remains a reliable, specialized insurer with strong offerings for auto, home, and electric vehicle coverage. Its history with GE, combined with new ownership under RiverStone International, positions it as a financially stable and forward-thinking provider.

For EV owners, contractors, and customers seeking eco-friendly insurance solutions, this company is a smart choice. However, it’s always best to compare rates, coverage options, and reviews before making a final decision.

If you’re looking for affordable electric auto insurance, comprehensive home coverage, or business liability policies, Electric Insurance Company deserves serious consideration.

Looking for affordable and reliable insurance coverage for your car, home, or business? Get a personalized quote from Electric Insurance Company today and experience peace of mind backed by decades of expertise.