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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
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June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Sep 29, 2022 Bankrate logo The Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo Editorial integrity
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Bankrate logo Insurance Disclosure
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. At a glance
Not rated Bankrate Score Home 0.0 Auto 0.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Elephant could be a good option if you're looking for a car insurance policy with unique add-on options. Elephant is only available in seven states though, so the breadth of its coverage is limited. Pros and Cons Quick Look Pros Unique policy add-ons for its car insurance policies Auto policyholders have the option to purchase home and life insurance through Elephant's partner carriers and still receive a multiple policy discount Cons Not rated by J.D. Power for customer satisfaction or by AM Best for financial strength Regional carrier that is only available in seven states National Association of Insurance Commissioners (NAIC) score indicates that the company receives three times as many complaints compared to the average expected of similar insurance carriers Limited state availability Offers a few unique car insurance endorsements Home and life insurance offered through partners Compare rates Answer a few questions to see personalized rates from top carriers Founded in 2009, Elephant Insurance may be a relative newcomer to the insurance industry but has distinguished itself with its wide range of coverage options for auto insurance and its policy management tools. The company has since branched out to offering other types of insurance, like homeowners and life insurance, through its partner companies. If you want to take advantage of coverage options not found at other carriers or prefer to manage your policy online, Elephant Insurance might be worth a look. While Elephant got its start with auto insurance, customers can now also purchase other insurance products and earn a multiple policy discount at the same time. However, Bankrate’s Elephant Insurance review revealed that Elephant does not underwrite many of these types of policies, indicating that policyholders may need to do additional research on various companies to determine if it is the right fit for their needs. As a regional carrier, Elephant is not available in all states. Currently, Elephant only operates in Georgia, Illinois, Indiana, Maryland, Ohio, Tennessee, Texas and Virginia. Elephant car insurance
While Elephant car insurance includes all the standard car insurance coverage options, such as liability as well as comprehensive and collision coverage, the company also has a few unique options. For , drivers can add loan or lease coverage to their policy to cover the difference between what is owed to the financial institution and what the car is worth after a total loss. Elephant also offers , which is ideal for drivers who have a driver's license, don't own their own vehicle and only occasionally drive, as well as for cars that have been modified to include aftermarket and custom additions. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Shop rates and compare quotes
Get personalized auto insurance quotes by answering a few quick questions Quick facts on average this year by shopping for new car insurance Rates vary by state The average American pays for auto insurance Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More Drivers who are concerned about cost can add a diminishing deductible option to their policy, as well as potentially benefit from Elephant's upgraded . Unlike other car insurance carriers, Elephant offers this to policyholders from the moment the policy is initiated. Drivers can also purchase pet coverage for any pets riding in the vehicle, roadside assistance and rental reimbursement. Elephant car insurance cost
The national is $1,771 per year for full coverage, while minimum coverage is $545 per year. While average premiums for Elephant auto insurance are not available, knowing the national average could be helpful for comparison purposes. Keep in mind that your insurance rates may vary depending on , such as where you live, the type of car you drive and your actual mileage. National average annual full coverage premium Clean driving history $1,771 $2,138 $2,521 $3,852 *Teen rates reflect the cost of a male or female 16- or 17-year-old driver and their married parents on one full coverage car insurance policy. Elephant car insurance discounts
Many of the offer car insurance discounts to help you significantly . Elephant advertises that drivers can save up to 40% on their car insurance by taking advantage of its long list of discounts, many of which may not be found with other . Some discounts include: Referral discount Existing policyholders with Elephant who refer their friends could be eligible for this additional discount on their car insurance Work from home discount Elephant offers a discount specifically for those who work from home, as they typically drive less than those who commute to work Online quote discount If you begin your Elephant car insurance quote online, this extra savings could be added to your policy Elephant car services
Drivers insured with Elephant have access to some unique car services. One program is YourMechanic, which sends car mechanics to a driver's home or work address to service their vehicle. Elephant policyholders are eligible to receive a discounted rate and a 12-month, 12,000-mile warranty is provided on all work performed. A second unique offer is Elephant's Legal Resources Plan. This add-on coverage would cover attorney fees related to a minor traffic violation once per year. Additionally, policyholders could receive a 25% discount for other legal services such as will preparation, elder law issues, tenant/landlord disputes and more. Elephant home insurance
Elephant home insurance is offered through its partner company . Standard homeowners insurance options such as , liability and medical payments coverage are available in the policy. is also included, and policyholders have the option to select , which could give an additional 25% or 50% of the dwelling coverage amount if, in the event of a loss, the dwelling coverage amount is not enough to repair the home. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Other add-on options to further personalize the policy are available too. Homeowners can include identity theft coverage, which would provide up to $15,000 for any damages related to identity theft. They can also add personal injury for lawsuits alleging libel, slander or invasion of privacy and for high-value personal property like furs and jewelry. Elephant home insurance cost
While average premiums for a Homesite homeowners policy are not available, the national average cost of homeowners insurance is $1,312 for $250,000 in dwelling coverage, according to 2021 rate data pulled from Quadrant Information Services. When looking for the for your needs, knowing the national averages could help for comparison purposes. This is especially true given that actual rates may vary due to factors such as where your house is located, its size and any renovations or updates that have been completed. Dwelling coverage limit National average annual premium $150,000 $898 $250,000 $1,312 $350,000 $1,723 $450,000 $2,148 Elephant home insurance discounts
While Elephant does not underwrite its own home insurance policies, it does offer a multiple policy discount for drivers with an existing car insurance with Elephant. Other Homesite discounts may include: Age of roof discount If your roof is less than 10 years old or you plan to build a new roof in the near future, this discount could be added to your policy New construction discount This discount could be added if your home is a new construction or was recently built Home purchase discount If you recently purchased your new home, you could be eligible for this discount Elephant home services
Elephant and Homesite do not indicate if policyholders have access to additional home services. Elephant life insurance
Similar to its homeowners insurance, Elephant does not underwrite its own life insurance. Instead, Elephant life insurance is offered through its partner company, Life Direct. The only available option is , which may be a draw to those who want a cost-effective method of protecting their loved ones. A few perks of Life Direct and Elephant life insurance include a quick online application with no required doctor's appointment and, if qualified, coverage can be initiated immediately. This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. The offers and clickable links that appear on this advertisement are from companies that compensate Homeinsurance.com LLC in different ways. The compensation received and other factors, such as your location, may impact what ads and links appear, and how, where, and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available to you as a consumer. We strive to keep our information accurate and up-to-date, but some information may not be current. Your actual offer terms from an advertiser may be different than the offer terms on this widget. All offers may be subject to additional terms and conditions of the advertiser. Compare life insurance providers quickly and easily
See which provider is right for you. The amount of coverage you need depends on many factors, including your age, income, mortgage and other debts and anticipated funeral expenses. Whole life insurance combines life insurance with an investment component. Coverage for life Tax-deferred savings benefit if premiums are paid 3 variations of permanent insurance: whole life, universal life and variable life include investment component Term life insurance is precisely what the name implies: an insurance policy that is good for a specific term of time. Fixed premium over term No savings benefits Outliving policy or policy cancellation results in no money back Find matches Powered by HomeInsurance.com (NPN: 8781838) This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Bankrate Why Lemonade? It's a fresh twist on life insurance: easy, accessible and affordable. See more providers in Choose from insurers in Show More Elephant life insurance endorsements
Many of the offer numerous coverage options to personalize the policy. While Elephant does not indicate what specific endorsements are available for its life insurance policy, it does state that policyholders can choose from different coverage limits and payment plans. Elephant life services
Elephant does not specify if life insurance policyholders can access any additional services. Other Elephant perks worth considering
Elephant also offers other types of insurance in addition to auto, home and life insurance. These include: Motorcycle insurance: Through Dairyland, another Elephant partner company, motorcyclists can build personalized insurance coverage for their needs. Condo insurance: Elephant is also offered through Homesite, just like its homeowners insurance. This type of insurance is specifically for condominium unit owners, as it insures the interior of their unit. Renters insurance: As a , this type of insurance could be useful in insuring your personal belongings, as well as providing liability coverage and loss-of-use coverage. Elephant corporate sustainability
Elephant has partnered with several organizations to support community and youth programs. In 2021, the company donated $300,000 to Helping Herd, an initiative that helped employees in various organizations and programs that had either been impacted by COVID-19 or were working to support COVID-relief efforts in the community. For its youth-driven programs, Elephant supports Project Yellow Light, a scholarship competition that awards teens for highlighting the perils of distracted driving through films, radio and billboards. Elephant also is heavily involved in youth sports programs such as LeagueSide, Richmond Flying Squirrels and Richmond Kickers. Not sure if Elephant is right for you Consider these alternatives
: Low-mileage drivers who want another option for cheap car insurance could consider quoting from Metromile. : Drivers prioritizing a mobile app and online portal accessibility may find another good option in Progressive. : Farmers’ homeowners insurance policy offers robust options for homeowners that want to personalize their insurance coverage. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 and 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Auto
$100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our sample drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. Teens: Teen rates were calculated by evaluating average rates for a 40-year-old male married to a 40-year-old female who own their own home with a 16- or 17-year-old driver (male or female) on their policy. Age is not a contributing rating factor in Hawaii and Massachusetts. Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), single speeding ticket and single at-fault accident. Homeowners
Coverage A, Dwelling: $150,000, $250,000, $350,000, $450,000 Coverage B, Other Structures: $15,000, $25,000, $35,000, $45,000 Coverage C, Personal Property: $75,000, $125,000, $175,000, $225,000 Coverage D, Loss of Use: $30,000, $50,000, $70,000, $90,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ. Compare rates and save on auto insurance today! Get quotes Close X On This Page
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