Cincinnati vs. Electric Insurance

Which insurance provider is right for you? Compare plans, rates, and quotes from Cincinnati and Electric.

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Cincinnati vs. Electric: What You Need to Know

With an A+ rating from the BBB, Cincinnati Insurance Company has been serving its customers since 1950. The Cincinnati Insurance company was founded in 1950 by four independent agents, two of whom were brothers, John Jack Schiff and Robert Cleveland Schiff. The company operates in 13 states through nearly 1,000 selected independent agencies.

The history of Electric Insurance Company began in 1927, when EMLICO, its former company was established to provide GE (General Electric Company) with Workers’ Compensation insurance in Massachusetts. The company was doing so well that it started providing coverage nationally for GE and also included general liability and commercial auto in its product portfolio. By 1966, Electric Insurance Company was formed to ensure GE employees, but after a while, it expanded its business to all consumers. During the 1990s the company becomes one of the first P&C carriers to offer consumers web-based insurance quotes. Today, Electric Insurance manages approximately $160 million in personal lines premiums for nearly 135,000 policyholders and has about $450 million in total written premium. Its services are offered in all 50 states directly via mobile applications and the web and through independent agencies. Its consumer base is 60% of GE employees and 40% general customers.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Cincinnati Insurance Overview and Electric Overview.

Cincinnati Insurance vs. Electric: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Cincinnati Insurance and Electric. On average, Cincinnati Insurance charges approximately $153.58 per month while Electric comes in at around $187.46 per month. For Cincinnati Insurance, the cheapest state average is Ohio at $153.34 per month and the most expensive is Ohio at $153.34 per month. For Electric, the cheapest state average is Missouri at $149.87 per month and the most expensive is Missouri at $149.87 per month.

Cincinnati Insurance

Average Rate


Average Rate


Average Rate

State Cincinnati Insurance Electric
Missouri- $149.87
Ohio $153.34 -

Cincinnati Insurance vs. Electric: Rates by Number of Vehicle


Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Cincinnati Insurance and Electric typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Cincinnati Insurance Electric
1 Vehicle $141.27 $140.46
2 Vehicles $199.46 $

Cincinnati Insurance vs. Electric: Rates by Homeownership

Rates Are Not Currently Available

What is Cincinnati and Electric Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Cincinnati and Electric ranked among the industry ratings.

Year Founded19501966
BBB RatingA+A+
Financial StrengthExcellentExcellent
Moody's RatingA1
NAIC Complaint Index0.22
S&P RatingA+

Cincinnati or Electric: Insurance Products Offered

What coverage is available through Cincinnati and Electric? Both insurance companies offer Auto, Home, and Umbrella insurance. Additional products from Electric insurance also includes Condo, Life, Motorcycle, Renters, and RV insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Cincinnati Insurance and Electric Insurance page.

Auto Insurance
Condo Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Cincinnati or Electric: Ways To Save

Cincinnati offers a wide range of discounts to its policyholders, including Good Student, Healthy Living (Life Insurance), and High Deductible discounts. Electric also offers a few discounts that Cincinnati doesn’t including Student-Away-from-Home, Safe Driver, and Plan Ahead (Early Purchase) discounts. Start taking advantage of discounts offered by insurance providers like Electric and Cincinnati insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Good Claim History DiscountAccident-free Discount
Good Student DiscountDriver Training Credit
Healthy Living Discount (Life Insurance)Electric and Hybrid Vehicles Discount
High Deductible DiscountEmployer Group Discounts
Multi-car Policy DiscountFamily & Friends Referral Discount
Multi-policy DiscountGood Student Discount
New Home DiscountLow Annual Mileage Discount
Safety Equipment Discount (Auto, Home, Business)Married Status Discount
Safety Features DiscountMature Driver Accident Prevention Course Discount
Multi-policy Discount
New Auto Insurance Customer Discount
New Vehicle Discount
Passive Restraints
Payment-in-full Discount
Plan Ahead (Early Purchase) Discount
Safe Driver Discount
Safety Features Discount
Student-Away-from-Home Discount

Pros & Cons of Cincinnati & Electric


  • Cincinnati Insurance Company is dedicated to superior customer service.
  • Cincinnati has the highest ratings for financial strength.
  • For antique or collector car owners whose cars are less than 25 years old, Cincinnati Insurance is the best of very few options out there.
  • A long list of discounts
  • Additional dedicated discount for General Electric employees
  • Provides the convenience of starting a claim online


  • Cincinnati Insurance Company only operates in 13 states.
  • Confusing website information: the company lists the products, benefits, and discounts offered in different web pages making it difficult to get a full scope on what is offered.

Cincinnati or Electric Mobile Apps Options

The Cincinnati Insurance Mobile app is available for android and iPhones and iPads. This insurance tool is where you can manage payments, view auto policy information, download ID cards, submit glass claims, request roadside services and more.

The Always On Mobile app is available for iOS and Android. This mobile app can help you to view your auto insurance information, report an auto claim, upload photos of the vehicle damage, access 24 hours / 7 days a week emergency roadside assistance services, schedule glass repair and much more.

Cincinnati Mobile App
iOS     4.65 user reviews
Android     3.111 user reviews
Electric Mobile App
iOS     12 user reviews
Android     1.934 user reviews

Cincinnati & Electric Contact Info

Cincinnati Contact Info
Address600 S. Gilmore Road, Fairfield, OH 45014-5141
Phone(888) 242-8811
Electric Contact Info
Address75 Sam Fonzo Drive, Beverly, MA 01915

The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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