Which insurance provider is right for you? Compare plans, rates, and quotes from Cincinnati and Electric.
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.
Below is a list of the average rates that drivers typically pay with Cincinnati Insurance and Electric. On average, Cincinnati Insurance charges approximately $192.89 per month while Electric comes in at around $258.19 per month. For Cincinnati Insurance, the cheapest state average is Indiana at $128.71 per month and the most expensive is Virginia at $254.15 per month. For Electric, the cheapest state average is Missouri at $184.92 per month and the most expensive is Virginia at $332.74 per month.
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|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Cincinnati Insurance charges $196.01 per month and Electric charges $244.43 per month for customers who own their home.
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.
|NAIC Complaint Index||0.22|
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.
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 Discount||Accident-free Discount|
|Good Student Discount||Driver Training Credit|
|Healthy Living Discount (Life Insurance)||Electric and Hybrid Vehicles Discount|
|High Deductible Discount||Employer Group Discounts|
|Multi-car Policy Discount||Family & Friends Referral Discount|
|Multi-policy Discount||Good Student Discount|
|New Home Discount||Low Annual Mileage Discount|
|Safety Equipment Discount (Auto, Home, Business)||Married Status Discount|
|Safety Features Discount||Mature Driver Accident Prevention Course Discount|
|New Auto Insurance Customer Discount|
|New Vehicle Discount|
|Plan Ahead (Early Purchase) Discount|
|Safe Driver Discount|
|Safety Features Discount|
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||4.6||5 user reviews|
|Android||3.1||11 user reviews|
|Electric Mobile App|
|iOS||1||2 user reviews|
|Android||1.9||34 user reviews|
|Cincinnati Contact Info|
|Address||600 S. Gilmore Road, Fairfield, OH 45014-5141|
|Electric Contact Info|
|Address||75 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.
Answer a few questions and let Penny find the best rates in your area.