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Westfield vs. Electric Insurance
Which insurance company is right for you? Compare products, cost, and quotes from Westfield and Electric.
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Westfield vs. Electric: What You Need to Know
Headquartered in Westfield Center, Ohio, Westfield Insurance has been in business for nearly 170 years and is ranked amongst the 50 largest property and casualty insurers in the country. Over 900 independent insurance agencies represent Westfield insurance across the country. Westfield Insurance provides commercial insurance in 21 states and personal insurance in 10. They also offer surety services in all 50 states. In 2014, the company was named as a Top Workplace in Northeast Ohio. In 2015, it was named Top Workplace in central Ohio. Westfield Services provides service and training support for independent insurance agencies. Westfield Bank is a subsidiary of Westfield Insurance and offers services to businesses and individuals.
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 Westfield Overview and Electric Overview.
Westfield vs. Electric: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with Westfield and Electric. On average, Westfield charges approximately $207.19 per month while Electric comes in at around $331.47 per month. For Westfield, the cheapest state average is Tennessee at $180.08 per month and the most expensive is Michigan at $209.31 per month. For Electric, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month.
Average Rate
Average Rate
Average Rate
| State | Westfield | Electric |
|---|---|---|
| Michigan | $209.31 | - |
| Tennessee | $180.08 | - |
Westfield vs. Electric: Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Westfield and Electric typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | Westfield | Electric |
|---|---|---|
| 1 Vehicle | $199.93 | $355.16 |
| 2 Vehicles | $316.29 | $ |
Westfield vs. Electric: Rates by Homeownership
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Westfield charges $215.97 per month and Electric charges $215.86 per month for customers who own their home.
| Own/Rent | Westfield | Electric |
|---|---|---|
| Own | $215.97 | $215.86 |
| Rent | $204.60 | $423.96 |
What is Westfield and Electric Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Westfield and Electric ranked among the industry ratings.
| Comparison | Westfield | Electric |
|---|---|---|
| Year Founded | 1864 | 1966 |
| A.M. Best Rating | A | A |
| BBB Rating | A+ | A+ |
| Financial Strength | Excellent | Excellent |
| NAIC Complaint Ratio | 9.62 |
Westfield or Electric: Insurance Products Offered
What coverage is available through Westfield and Electric? Both insurance companies offer Auto, Home, Motorcycle, and RV insurance. Additional products from Electric insurance also includes Condo, Renters, and Umbrella insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Westfield and Electric Insurance page.
| Insurance | Westfield | Electric |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Motorcycle Insurance | ✔ | ✔ |
| Renters Insurance | ✔ | |
| RV Insurance | ✔ | ✔ |
| Umbrella Insurance | ✔ |
Westfield or Electric: Ways To Save
Electric offers a wide range of discounts to its policyholders, including Car Insurance, Condo Insurance, and Flood Insurance discounts. However, Westfield also offers a few discounts that Electric doesn’t, including Prior Carrier, Next Generation, and Multi-Policy discounts. Start taking advantage of discounts offered by insurance providers like Electric and Westfield insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Westfield | Electric |
|---|---|
| Account Relationship Discount | Boat Insurance |
| Companion Car Discount | Car Insurance |
| Company Car Discount | Condo Insurance |
| Defensive Driver Discount | Flood Insurance |
| Family Discount | Home Insurance |
| Good Student Discount | Motorcycle Insurance |
| Loss-free Discount | Recreational Vehicles |
| Loyalty Discount | Renters Insurance |
| Multi-Policy Discount | Umbrella Insurance |
| Next Generation Discount | |
| Prior Carrier Discount |
Pros & Cons of Westfield & Electric
Pros
Westfield
- The company boasts more than $4.9 billion in consolidated assets
- The company is one of the top 50 largest insurers in the country
- Westfield Insurance has been in business for over 170 years.
Electric
- Long list of discounts
- Additional dedicated discount for General Electric employees
- Provides the convenience of starting a claim online
Cons
Westfield
- A high number of complaints by consumers.
- Car insurance is only available in ten states: Minnesota, Wisconsin, Ohio, Iowa, Illinois, Indiana, Pennsylvania, West Virginia, Kentucky, and Tennessee.
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.
Westfield or Electric 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.
| Westfield Mobile App | ||
|---|---|---|
| Westfield does not currently have a mobile app. | ||
| Electric Mobile App | ||
|---|---|---|
| iOS | 1 | 2 user reviews |
| Android | 1.9 | 34 user reviews |
Westfield & Electric Contact Info
| Westfield Contact Info | |
|---|---|
| Address | One Park Circle, Westfield Center, OH 44251 |
| Phone | 1 (800) 243-0210 |
| Website | https://www.westfieldinsurance.com/ |
| https://www.facebook.com/Westfield1848/ | |
| https://www.linkedin.com/company/westfield1848 | |
| Youtube | https://www.youtube.com/watch?v=b2rW8nBValk |
| 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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