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Shelter vs. Electric Insurance
Which insurance provider is right for you? Compare pros & cons, coverage, and quotes from Shelter and Electric.
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Shelter vs. Electric: What You Need to Know
Shelter Insurance company is a mutual insurance company that focuses on auto, property, business and life insurance. In, when the company was founded and called MFA Mutual Insurance Company. Its focus was to provide farmers access to reliable insurance protection at prices that they could afford.
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 Shelter Overview and Electric Overview.
Shelter vs. Electric: How much are the Average Rates?
Shelter vs. Electric: Rates by Number of Vehicle
Shelter vs. Electric: Rates by Homeownership
What is Shelter and Electric Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Shelter and Electric ranked among the industry ratings.
| Comparison | Shelter | Electric |
|---|---|---|
| Year Founded | 1946 | 1966 |
| A.M. Best Rating | A | A |
| BBB Rating | A+ | A+ |
| Financial Strength | Excellent | Excellent |
| NAIC Complaint Ratio | 0.36 (2013) |
Shelter or Electric: Insurance Products Offered
What coverage is available through Shelter and Electric? Both insurance companies offer Auto, Condo, Home, Motorcycle, Renters, RV, and Umbrella insurance. Additional products from Shelter insurance also includes Commercial, Farm, 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 Shelter and Electric Insurance page.
| Insurance | Shelter | Electric |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Commercial Insurance | ✔ | |
| Condo Insurance | ✔ | ✔ |
| Farm Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | |
| Motorcycle Insurance | ✔ | ✔ |
| Renters Insurance | ✔ | ✔ |
| RV Insurance | ✔ | ✔ |
| Umbrella Insurance | ✔ | ✔ |
Shelter or Electric: Ways To Save
Shelter offers a wide range of discounts to its policyholders, including Anti-Theft - Kentucky and Illinois Residents, Companion Life, and Companion Policy discounts. In contrast, Electric also offers a few discounts that Shelter doesn’t, including Student-Away-from-Home, Safety Features, and Plan Ahead (Early Purchase) discounts. Start taking advantage of discounts offered by insurance providers like Electric and Shelter insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Shelter | Electric |
|---|---|
| Accident Prevention Course Discount | Accident-free Discount |
| Anti-Theft Discount - Kentucky and Illinois Residents | Driver Training Credit |
| Companion Life Discount | Electric and Hybrid Vehicles Discount |
| Companion Policy Discount | Employer Group Discounts |
| Driver Training Course Discount | Family & Friends Referral Discount |
| Good Student Discount | Good Student Discount |
| Military Discount | Low Annual Mileage Discount |
| Multi-car Discount | Married Status Discount |
| Multi-coverage Discount - Nevada Residents | Mature Driver Accident Prevention Course Discount |
| Passive Restraint Discount | Multi-policy Discount |
| Pay in Full Discount | New Auto Insurance Customer Discount |
| Safe Driver Discount | New Vehicle Discount |
| Window Identification System Discount – Louisiana Residents | 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 Shelter & Electric
Pros
Shelter
- Shelter Insurance offers personalized service through a network of more than 1,400 agents.
- The company has a few customer's complaints, which indicates high satisfaction.
- You can start your claims online or by phone.
Electric
- Long list of discounts
- Additional dedicated discount for General Electric employees
- Provides the convenience of starting a claim online
Cons
Shelter
- The company covers only 15 states. If you don’t live in the Midwest, you’ll need to look for another carrier.
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.
Shelter or Electric Mobile Apps Options
The Shelter Insurance Mobile app is available for iOS and Android. With the app, you can access your ID cards, report a claim and upload photos, view coverages and policy details, obtain roadside assistance, get in touch with your agent and pay your bill by credit or debit 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.
| Shelter Mobile App | ||
|---|---|---|
| iOS | 2.3 | 35 user reviews |
| Android | 2.3 | 240 user reviews |
| Electric Mobile App | ||
|---|---|---|
| iOS | 1 | 2 user reviews |
| Android | 1.9 | 34 user reviews |
Shelter & Electric Contact Info
| Shelter Contact Info | |
|---|---|
| Address | 1817 West Broadway - Columbia, MO 65218 |
| Phone | 1-800-743-5837 |
| Website | https://www.shelterinsurance.com/ |
| https://www.facebook.com/ShelterInsurance/ | |
| https://twitter.com/Shelter_ins/ | |
| https://www.linkedin.com/company/shelter-insurance-companies/ | |
| Youtube | https://www.youtube.com/user/ShelterIns |
| https://www.instagram.com/shelter_ins/ | |
| https://www.pinterest.com/shelterins/ | |
| Vimeo | https://vimeo.com/user48805731 |
| Electric Contact Info | |
|---|---|
| Address | 75 Sam Fonzo Drive, Beverly, MA 01915 |
| Phone | 1-800-342-5342 |
| Website | https://eic.electricinsurance.com/ |
| https://www.facebook.com/ElectricInsuranceCompany/ | |
| https://twitter.com/ElectricInsCo | |
| Youtube | https://www.youtube.com/channel/UC2YooRh-4qPtDgZvFHdFMIw |
| https://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.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
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