Electric vs. Encova (Motorists Insurance Group) Insurance

Which insurance provider is right for you? Compare price, ratings, and quotes from Electric and Encova.

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Electric vs. Encova: 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.

Encova Insurance Company was formed when two companies, Motorists Insurance Group and Brickstreet, merged and rebranded as one company in 2019. With combined insights from decades of industry experience, Motorists Insurance Group and BrickStreet together sell auto, commercial, home, and life insurance products and pushing innovation for their agents and policyholders.

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 Motorists Mutual Overview.

Electric vs. Motorists Mutual: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Electric and Motorists Mutual. On average, Electric charges approximately $242.31 per month while Motorists Mutual comes in at around $188.37 per month. For Electric, the cheapest state average is Missouri at $193.88 per month and the most expensive is Virginia at $342.52 per month. For Motorists Mutual, the cheapest state average is Ohio at $111.02 per month and the most expensive is Pennsylvania at $323.45 per month.

Electric

Average Rate

$242.31
Motorists Mutual

Average Rate

$188.37
National

Average Rate

$119.16
State Electric Motorists Mutual
Connecticut $196.83 -
Indiana- $130.68
Kansas $230.50 -
Kentucky $229.48 $152.98
Maine $208.29 -
Missouri $193.88 -
Ohio- $111.02
Pennsylvania- $323.45
Virginia $342.52 -
West Virginia- $212.51

Electric vs. Motorists Mutual: 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 Motorists Mutual typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Electric Motorists Mutual
1 Vehicle $230.27 $175.11
2 Vehicles $283.88 $238.66

Electric vs. Motorists Mutual: 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 $213.30 per month and Motorists Mutual charges $186.30 per month for customers who own their home.

Own/Rent Electric Motorists Mutual
Own $213.30 $186.30
Rent $256.62 $189.43

What is Electric and Encova Insurance Rating?

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

Comparison Electric Encova
Year Founded 1966 1928 (Motorists Insurance Group)
A.M. Best A A-
A.M. Best Rating
BBB Rating A+
Financial Strength Excellent Excellent
NAIC Complaint Ratio 0.18

Electric or Encova: Insurance Products Offered

What coverage is available through Electric and Encova? Both insurance companies offer Auto, Condo, Home, Motorcycle, Renters, and RV Insurance. Additional products from Encova insurance also includes Commercial 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 Motorists Mutual Insurance page.

Insurance Electric Encova
Auto Insurance
Commercial Insurance
Condo Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Electric or Encova: Ways To Save

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

Electric Encova
Accident-free Discount Anti-Theft Devices Discount
Driver Training Credit Driver Training Discount
Electric and Hybrid Vehicles Discount EFT Discount
Employer Group Discounts Empty Nester Discount
Family & Friends Referral Discount Excellent Driving Record Discount
Good Student Discount Good Student Discount
Low Annual Mileage Discount Long-Time Customer Discount
Married Status Discount Married Professional Discount
Mature Driver Accident Prevention Course Discount Multi-policy 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 & Encova

Pros

Electric
  • Long list of discounts
  • Additional dedicated discount for General Electric employees
  • Provides the convenience of starting a claim online
Encova
  • Encova has decades of industry experience and it is represented by more than 17,000 independent agents.
  • Financial stability is rated A- (Excellent) by A.M. Best.
  • Offers competitive rates.

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.
Encova
  • Encova doesn’t have a mobile app.

Electric or Encova 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.

Encova does not currently have a mobile app.

Electric Mobile App
iOS      1 2 user reviews
Android      1.9 34 user reviews

Electric & Encova Contact Info

Electric Contact Info
Address 75 Sam Fonzo Drive, Beverly, MA 01915
Phone 1-800-342-5342
Website https://eic.electricinsurance.com/
Facebook https://www.facebook.com/ElectricInsuranceCompany/
Twitter https://twitter.com/ElectricInsCo
Youtube https://www.youtube.com/channel/UC2YooRh-4qPtDgZvFHdFMIw
Linkedin https://www.linkedin.com/company/electricinsurancecompany/
Encova Contact Info
Address 471 E. Broad St. Columbus, OH 43215
Phone 1-800-876-6642
Website https://www.encova.com/
Facebook https://www.facebook.com/MotoristsInsuranceGroup
Linkedin https://www.linkedin.com/company/encova/

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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