Which insurance carrier is right for you? Compare cost, plans, and quotes from Electric and American National.
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.
Below is a list of the average rates that drivers typically pay with Electric and American National P&C. On average, Electric charges approximately $243.52 per month while American National P&C comes in at around $48.47 per month. For Electric, the cheapest state average is Missouri at $169.34 per month and the most expensive is Virginia at $341.18 per month. For American National P&C, the cheapest state average is South Carolina at $45.34 per month and the most expensive is South Carolina at $45.34 per month.
|State||Electric||American National P&C|
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|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Electric charges $227.91 per month and American National P&C charges $50.97 per month for customers who own their home.
|Own/Rent||Electric||American National P&C|
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.
|NAIC Complaint Ratio||0.23%|
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.
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.
|Accident-free Discount||Collision Waiver Discount|
|Driver Training Credit||Common cause of Loss Discount|
|Electric and Hybrid Vehicles Discount||Fresh Start Discount|
|Employer Group Discounts||Multi-policy Discount|
|Family & Friends Referral Discount||No Claims Cashback Bonus|
|Good Student Discount||Three Lines Discount|
|Low Annual Mileage Discount|
|Married Status 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 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||1||2 user reviews|
|Android||1.9||34 user reviews|
|American National Mobile App|
|iOS||2.7||34 user reviews|
|Android||3||50 user reviews|
|Electric Contact Info|
|Address||75 Sam Fonzo Drive, Beverly, MA 01915|
|American National Contact Info|
|Address||One Moody Plaza - Galveston, Texas - 77550|
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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