Which insurance company is right for you? Compare discounts, premiums, and quotes from Hastings Mutual and Electric.
Hastings Mutual Company was founded in 1885 as Michigan Mutual Tornado, Cyclone and Windstorm Insurance Company to help protect local residents against the tornados that had destroyed small communities of Hastings and other parts of Michigan. The company continued to grow over the years and expanded its business.
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 Hastings Mutual Insurance Co Overview and Electric Overview.
Below is a list of the average rates that drivers typically pay with Hastings Mutual Insurance Co and Electric. On average, Hastings Mutual Insurance Co charges approximately $147.27 per month while Electric comes in at around $254.54 per month. For Hastings Mutual Insurance Co, the cheapest state average is Ohio at $80.05 per month and the most expensive is Michigan at $177.92 per month. For Electric, the cheapest state average is Missouri at $174.76 per month and the most expensive is Kansas at $307.39 per month.
|State||Hastings Mutual Insurance Co||Electric|
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Hastings Mutual Insurance Co and Electric typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Hastings Mutual Insurance Co||Electric|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Hastings Mutual Insurance Co charges $149.63 per month and Electric charges $263.28 per month for customers who own their home.
|Own/Rent||Hastings Mutual Insurance Co||Electric|
Which car insurance company is better? We've made it easy to compare companies side by side. See how Hastings Mutual and Electric ranked among the industry ratings.
|Market Share||0.2% (2018)|
|A.M. Best Rating||A||A|
|JD Power Ranking||Above Average|
What coverage is available through Hastings Mutual and Electric? Both insurance companies offer Auto, Condo, Home, Renters, and RV insurance. Additional products from Hastings Mutual insurance also include Commercial and Farm insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Hastings Mutual Insurance Co and Electric Insurance page.
Hastings Mutual offers a wide range of discounts to its policyholders, including Claim Free, Defensive Driving, and Good Student discounts. In contrast, Electric also offers a few discounts that Hastings Mutual 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 Hastings Mutual insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Away at School Discount||Accident-free Discount|
|Claim Free Discount||Driver Training Credit|
|Defensive Driving Discount||Electric and Hybrid Vehicles Discount|
|Good Student Discount||Employer Group Discounts|
|Multi-car Discount||Family & Friends Referral Discount|
|Multi-policy Discount||Good Student Discount|
|Paid in Full Discount||Low Annual Mileage Discount|
|Paperless Bills 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.
|Hastings Mutual Mobile App|
|Hastings Mutual does not currently have a mobile app.|
|Electric Mobile App|
|iOS||1||2 user reviews|
|Android||1.9||34 user reviews|
|Hastings Mutual Contact Info|
|Address||404 E. Woodlawn Ave. Hastings, MI 49058|
|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.
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