Electric vs. American National Insurance

Which insurance carrier is right for you? Compare cost, plans, and quotes from Electric and American National.

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Electric vs. American National: What You Need to Know

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.

American National Insurance Company (ANICO) was founded in 1905 by William Lewis Moody Jr. and headquartered in Gavelston, Texas. During the decades of the 1920s, the company’s assets increased more than 400 percent, compared with the national average for insurance companies at that time. The company continued to grow rapidly, even during the Depression and avoided laying off employees or suffering annual losses.

Although the majority of the stock continues to be controlled by the Moody family through the Moody Foundation and Libby Shearn Moody Trust, the American National Family of Companies is a publicly-traded company under the NASDAQ symbol ANAT. Today, the company provides service for more than 5 million policyholders and it’s an S&P 500 company ranking the top 5% nationwide.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Electric Overview and American National P&C Overview.

Electric vs. American National P&C: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Electric and American National P&C. On average, Electric charges approximately $236.05 per month while American National P&C comes in at around $ 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. For American National P&C, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month.

Electric

Average Rate

$236.05
American National P&C

Average Rate

$
National

Average Rate

$117.77
State Electric American National P&C
Connecticut $191.45 -
Kansas $227.47 -
Kentucky $223.47 -
Maine $197.71 -
Missouri $187.75 -
Virginia $333.10 -

Electric vs. American National P&C: 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 Electric and American National P&C typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Electric American National P&C
1 Vehicle $223.15 $
2 Vehicles $284.24 $

Electric vs. American National P&C: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Electric charges $211.01 per month and American National P&C charges $0.00 per month for customers who own their home.

Own/Rent Electric American National P&C
Own $211.01 $0.00
Rent $249.88 $0.00

What is Electric and American National Insurance Rating?

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

ComparisonElectricAmerican National
Year Founded19661905
A.M. Best RatingAA
BBB RatingA+
Financial StrengthExcellentExcellent
NAIC Complaint Ratio0.23%
S&P RatingA

Electric or American National: Insurance Products Offered

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

InsuranceElectricAmerican National
Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Electric or American National: Ways To Save

American National offers a wide range of discounts to its policyholders, including Common cause of Loss, Fresh Start, and Multi-policy discounts. In contrast, Electric also offers a few discounts that American National doesn’t including Student-Away-from-Home, Safety Features, and Safe Driver discounts. Start taking advantage of discounts offered by insurance providers like American National and Electric insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

ElectricAmerican National
Accident-free DiscountCollision Waiver Discount
Driver Training CreditCommon cause of Loss Discount
Electric and Hybrid Vehicles DiscountFresh Start Discount
Employer Group DiscountsMulti-policy Discount
Family & Friends Referral DiscountNo Claims Cashback Bonus
Good Student DiscountThree Lines Discount
Low Annual Mileage Discount
Married Status Discount
Mature 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 Electric & American National

Pros

Electric
  • Long list of discounts
  • Additional dedicated discount for General Electric employees
  • Provides the convenience of starting a claim online
American National
  • American National Insurance has a friendly and helpful customer service according to the reviews
  • The company operates in all 50 U.S. states

Cons

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.
American National
  • American’s National website is difficult to navigate and find specific information that you’re may looking for.

Electric or American National Mobile Apps Options

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.

AN Mobile App is available for iOS and Android. This mobile app provides you access to view personal lines insurance policy info (Auto, Home, Specialty Lines, Umbrella Insurance), view your Auto ID cards, submit an Auto and/or Home insurance claim, pay your personal line insurance policy with your bank account or credit/debit card, report an issue or send feedback directly to our development team, request 24-hour roadside assistance and check your Cashback℠ balances (where available).

Electric Mobile App
iOS     12 user reviews
Android     1.934 user reviews
American National Mobile App
iOS     2.734 user reviews
Android     350 user reviews

Electric & American National Contact Info

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/
American National Contact Info
AddressOne Moody Plaza - Galveston, Texas - 77550
Phone1-800-333-2860
Websitehttps://www.americannational.com/
Facebookhttps://www.facebook.com/AmericanNationalInsuranceCompany
Youtubehttps://www.youtube.com/channel/UCESIrhTSwvPnZAmuxSccYYg
Linkedinhttps://www.linkedin.com/company/american-national-insurance/

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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