WalletHub, Financial Company
@WalletHub
Elephant insurance is cheap for drivers who are able to apply multiple discounts to their policies, with savings ranging from 9% to 40%. The company also passes on savings that come from selling insurance directly to consumers online, which eliminates agent commissions. However, while Elephant offers affordable policy options, especially compared to other companies that specialize in high-risk car insurance, there are still other insurance companies with better prices and higher customer satisfaction. Studies done by several groups indicate that Elephant’s prices are generally about average in the six states they serve— Virginia, Maryland, Illinois, Texas, Indiana, and Tennessee.
Elephant Insurance writes auto insurance only, but they offer other types of insurance through partnering companies. These include Homesite for home insurance and life insurance, and Dairyland for motorcycle insurance. Elephant offers a bundling discount of up to 9% if you buy multiple policies through them.
The company’s list of discounts for auto insurance is pretty basic. Some discounts are better than those offered by competitors, while others are average. For example, Elephant’s multi-car discount can be up to 39% in some locations, and getting your quote online earns you 15% off your premium. Discounts for good students, safety features, responsible drivers, and paying your premium upfront are run-of-the-mill.
Elephant’s high number of complaints is a cause for concern, however. Elephant receives nearly three times the complaints of the average insurer, according to the National Association of Insurance Commissioners. Problems with filing claims and receiving claim payments get the most complaints. Elephant gets better marks for its quotes process and easy-to-navigate website.
If you live in one of Elephant Insurance’s six states of operation, you might want to get an online quote for comparison. Just be aware that companies like GEICO (another direct-to-consumer company) have more discounts and higher customer satisfaction ratings. And their premiums may be similar.
If you want to learn more, you can check out WalletHub's review of Elephant Insurance and see Elephant Insurance's full profile.
People also ask
How can I get cheaper car insurance?
The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.
10 Ways to Get Cheaper Car Insurance
1. Compare quotes every 6-12 months.
Every car insurance company calculates premiums slightly differently,...
read full answer by WalletHub, Financial CompanyDoes my insurance cover a rental car?
I wish I could give you a definitive answer, but it would be irresponsible to do so in light of the sheer number of different types of auto insurance policies and providers that exist. In other words, I wouldn’t want to make a sweeping statement that leaves you vulnerable due to the specific language and nature of your policy.
In most cases, however, the types of coverage, liability limits and deductibles associated with your...
read full answer by Lisa Foreman, MemberDoes Elephant Insurance have roadside assistance?
Elephant Insurance offers roadside assistance to drivers in the eight states where it operates: Maryland, Virginia, Tennessee, Indiana, Illinois, Texas, Ohio and Georgia. The dispatch phone number for Elephant’s 24/7 roadside assistance is 844-937-5353.
What Elephant Insurance Roadside Assistance Covers
- Towing up to 15 miles
- Jump-starting (first $75)
- Replacing flat tires
- Locksmithing
- Delivering emergency fuel (you must pay for 2 gallons of gas from an area gas station)...
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.