Country vs. Electric Insurance

Which insurance company is right for you? Compare pros & cons, rates, and quotes from Country and Electric.

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Country vs. Electric: What You Need to Know

Country Financial is a group of US insurance and financial services companies available in 19 states in the U.S. Their history began in 1925, when a group of Agricultural Association members from Illinois formed a company, Country Mutual Insurance, selling fire and lightning insurance. In the following four years, new products were included in their portfolios, such as crop hail and farm insurance, auto, and life insurance. By 1953, Country Preferred Insurance Company was incorporated and in 1965 another company, Country Capital Management, was formed as a registered broker-dealer, allowing them to offer securities products, mutual funds, variable annuities, variable life insurance, and 529 College Savings Plans. In 1997, based on their principle of putting people first, the client service center became available 24 hours a day. The company adopted the name Country Financial in 2008, to better describe their vision of being “The Best Provider of Financial Security in America.” Country Life Insurance Company®, Country Mutual Insurance Company®, and its respective subsidiaries are located in Bloomington, IL. Today, Country Financial serves about one million households and businesses throughout the United States and offers a range of insurance and financial products, including auto, home, life, health, commercial, farm & ranch, and crop insurance, and retirement planning, education funding, annuities, and planning services.

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 Country Overview and Electric Overview.

Country vs. Electric: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Country and Electric. On average, Country charges approximately $145.33 per month while Electric comes in at around $236.05 per month. For Country, the cheapest state average is Illinois at $102.32 per month and the most expensive is Minnesota at $193.84 per month. For Electric, the cheapest state average is Missouri at $187.75 per month and the most expensive is Virginia at $333.10 per month.

Country

Average Rate

$145.33
Electric

Average Rate

$236.05
National

Average Rate

$117.77
State Country Electric
Alabama $110.86 -
Arizona $154.90 -
Connecticut- $191.45
Georgia $165.20 -
Illinois $102.32 -
Kansas- $227.47
Kentucky- $223.47
Maine- $197.71
Minnesota $193.84 -
Missouri- $187.75
Nevada $180.47 -
Oregon $104.04 -
Virginia- $333.10

Country vs. Electric: Rates by Number of Vehicle

Home

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

Number of Vehicles Country Electric
1 Vehicle $133.17 $223.15
2 Vehicles $188.29 $284.24

Country vs. Electric: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Country charges $138.06 per month and Electric charges $211.01 per month for customers who own their home.

Own/Rent Country Electric
Own $138.06 $211.01
Rent $149.67 $249.88

What is Country and Electric Insurance Rating?

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

ComparisonCountryElectric
Year Founded19251966
Market Share0.49%
A.M. Best RatingA+ (Superior)A
BBB RatingA+
Financial StrengthExcellentExcellent
NAIC Complaint Index0.22

Country or Electric: Insurance Products Offered

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

InsuranceCountryElectric
Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Country or Electric: Ways To Save

Country offers a wide range of discounts to its policyholders, including Anti-theft, College Graduate, and Defensive Driver discounts. Electric also offers a few discounts that Country doesn’t including Student-Away-from-Home, Safety Features, and Safe Driver discounts. Start taking advantage of discounts offered by insurance providers like Electric and Country insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

CountryElectric
Advance Quote DiscountAccident-free Discount
Anti-theft DiscountDriver Training Credit
College Graduate DiscountElectric and Hybrid Vehicles Discount
Defensive Driver DiscountEmployer Group Discounts
Discounts for TeensFamily & Friends Referral Discount
Engaged Couple DiscountGood Student Discount
Good Driver DiscountLow Annual Mileage Discount
Good StudentMarried Status Discount
Legacy DiscountMature Driver Accident Prevention Course Discount
Multi-car DiscountMulti-policy Discount
Multi-policy DiscountNew Auto Insurance Customer Discount
Occupation DiscountNew 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 Country & Electric

Pros

Country
  • Variety of coverage options.
  • Flexible billing options.
  • Unique discounts, like being engaged, having certain occupations (full-time K–12 teachers, firefighters, police officers, EMTs or paramedics) and also for teen drives.
Electric
  • Long list of discounts
  • Additional dedicated discount for General Electric employees
  • Provides the convenience of starting a claim online

Cons

Country
  • It doesn’t reward loyal customers.
Electric
  • 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.

Country or Electric Mobile Apps Options

The Country Financial Mobile app is available for android and iPhones and iPads. The app provides a dashboard where you can manage your bill, view the status of your claims, update the contact info, manage your notifications, obtain your policy documents and view your insurance card...

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.

Country Mobile App
iOS     4.540 user reviews
Android     4.135 user reviews
Electric Mobile App
iOS     12 user reviews
Android     1.934 user reviews

Country & Electric Contact Info

Country Contact Info
Address1701 N Towanda Ave, Bloomington, IL 61701-2057
Phone1 (866) 268-6879
Websitehttps://www.countryfinancial.com
Facebookhttps://www.facebook.com/countryfinancial/
Youtubehttps://www.youtube.com/user/COUNTRYFinancial
Linkedinhttps://www.linkedin.com/company/country-financial-/
Electric Contact Info
Address75 Sam Fonzo Drive, Beverly, MA 01915
Phone1-800-342-5342
Websitehttps://eic.electricinsurance.com/
Facebookhttps://www.facebook.com/ElectricInsuranceCompany/
Twitterhttps://twitter.com/ElectricInsCo
Youtubehttps://www.youtube.com/channel/UC2YooRh-4qPtDgZvFHdFMIw
Linkedinhttps://www.linkedin.com/company/electricinsurancecompany/

Methodology
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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