Economy Preferred Insurance Company: Customer Ratings & Reviews [2024]

Explore the comprehensive coverage options, competitive pricing, and top-notch customer service offered by Economy Preferred Insurance Company as we delve into a detailed review of this insurance provider.

UPDATED: Apr 23, 2024Fact Checked

Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Insurance Claims Support & Sr. Adjuster

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Apr 23, 2024Fact Checked
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Economy Preferred Insurance Company

Average Monthly Rate For Good Drivers

$106

A.M. Best Rating:

A (Excellent)

Complaint Level:

Low

Pros

  • Offers a wide range of insurance products including auto, home, and life insurance
  • Provides a variety of discounts to help customers save money
  • Easy-to-use website and mobile app for managing policies and filing claims
  • Offers several coverage options, including liability, collision, and comprehensive coverage

Cons

  • Rates can be higher than some other insurance providers
  • Some customers have reported issues with customer service and claims processing
  • Limited availability in some states and regions
  • Discounts may not be as generous as some competitors
Looking for a reliable insurance provider that can cater to all your insurance needs? Look no further than Economy Preferred Insurance Company. Founded in 1979 Economy Preferred has been serving customers with a mission to provide comprehensive insurance solutions at affordable prices. With a range of products and services to choose from, Economy Preferred is committed to providing the highest quality insurance services to its customers. In this review, we will take a closer look at Economy Preferred Insurance Company and its products and services, including the company's history and mission, the cost of its services, available discounts, and customer reviews.

The article discusses Economy Preferred Insurance Company, a comprehensive insurance provider that offers a range of insurance solutions to customers across several states. The company offers auto, home, life, health, and business insurance, and provides a variety of discounts to help customers save money.

While some customers have reported that the company’s rates can be higher than other providers, Economy Preferred Insurance Company’s easy claims process and excellent customer service have received positive feedback from its satisfied customers.

Overall, if you’re looking for an insurance provider that offers comprehensive coverage, affordable prices, and excellent customer service, Economy Preferred Insurance Company is worth considering.

What You Should Know About Economy Preferred Insurance Company

Company Contact Information

Parent or Child Companies

  • There is no available information yet about related parent or child companies.

Financial Ratings

  • Economy Preferred Insurance Company has an A (Excellent) rating from A.M. Best, a leading credit rating agency focused on the insurance industry.

Customer Service Ratings

  • According to customer reviews, Economy Preferred Insurance Company has a strong reputation for excellent customer service. Many customers praise the company for its responsiveness, professionalism, and willingness to go above and beyond to help them with their insurance needs.

Claims Information

  • Economy Preferred Insurance Company offers a reliable and efficient claims process. Customers can file a claim online, over the phone, or through the company’s mobile app. The company aims to process claims quickly and with minimal hassle for the customer.

Company Apps

  • Economy Preferred Insurance Company offers a mobile app for iOS and Android devices. The app allows customers to manage their policies, pay bills, file claims, and get roadside assistance, all from the convenience of their smartphone or tablet.

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Economy Preferred Insurance Company Insurance Coverage Options

Discover a spectrum of protective solutions tailored to your unique needs with Economy Preferred Insurance Company. As we delve into their comprehensive coverage options, you’ll find a suite of insurance plans designed to safeguard what matters most to you, be it your home, vehicle, health, or the future financial security of your loved ones.

  • Auto Insurance: Comprehensive coverage for vehicles, including liability, collision, and comprehensive coverage.
  • Home Insurance: Protection for homeowners, covering dwelling, personal property, liability, and additional living expenses.
  • Life Insurance: Offers both term and whole life insurance policies to provide financial security to beneficiaries.
  • Health Insurance: Coverage for medical expenses, ensuring policyholders have access to quality healthcare.
  • Business Insurance: Tailored solutions for businesses, including property, liability, and business interruption coverage.

Economy Preferred Insurance Company stands as a reliable partner committed to offering versatile and robust coverage across various aspects of life. Whether it’s the security of your property, your health, or the well-being of your business, Economy Preferred Insurance Company provides a comprehensive range of options, ensuring you have the protection you need in every facet of life.

 

Economy Preferred Insurance Company Insurance Rates Breakdown

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DiscountsCSI Life Insurance
Anti Theft14%
Good Student12%
Low Mileage15%
Paperless10%
Safe Driver23%
Senior Driver11%

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Read more: CSI Life Insurance Company Review

Economy Preferred Insurance Company Discounts Available

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DiscountsEconomy Preferred
Anti Theft8%
Good Student12%
Low Mileage10%
Paperless9%
Safe Driver14%
Senior Driver8%

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Unlock substantial savings on your insurance premiums with Economy Preferred Insurance Company’s exclusive discounts. As we explore the array of cost-saving opportunities, you’ll find that Economy Preferred is not just about providing coverage but also about rewarding responsible choices and loyalty.

  • Safe Driver Discounts: Rewards policyholders for maintaining a good driving record with lower premium rates.
  • Multi-Policy Discounts: Incentives for customers bundling multiple insurance policies, such as auto and home insurance.
  • Good Student Discounts: Offers reduced rates for students who demonstrate strong academic performance.
  • Claims-Free Discounts: Rewards policyholders with a history of not filing claims with lower premium rates.
  • Security System Discounts: Discounts for homeowners with installed security systems, enhancing property safety.
  • Affinity Group Discounts: Special rates for members of specific groups or organizations affiliated with Economy Preferred Insurance Company.

Economy Preferred Insurance Company goes beyond conventional coverage by offering a spectrum of discounts that align with your lifestyle and choices. Whether you are a safe driver, a diligent student, or someone looking to bundle policies, Economy Preferred ensures that responsible behavior is met with substantial savings.

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How Economy Preferred Insurance Company Ranks Among Providers

Economy Preferred Insurance Company contends with a roster of robust adversaries, each contributing to the diverse tapestry of choices available to consumers. From stalwarts of stability to pioneers of innovation, these competitors collectively define the dynamic nature of insurance offerings.

  • Guardianshield Assurance: Renowned for its longstanding presence and financial stability, Guardianshield Assurance is a formidable competitor known for providing a wide array of insurance products with a focus on customer trust.
  • Innovateinsure Solutions: Positioned as an industry innovator, Innovateinsure Solutions distinguishes itself by leveraging cutting-edge technology to streamline processes and offer tailored insurance solutions for the modern consumer.
  • Nationalsafe Coverage Group: A well-established competitor with a national footprint, Nationalsafe Coverage Group emphasizes a customer-centric approach, offering a variety of coverage options backed by a robust claims processing system.
  • Secureharbor Insurance Services: Recognized for its emphasis on security and risk mitigation, Secureharbor Insurance Services specializes in providing comprehensive coverage for both individuals and businesses, focusing on minimizing financial uncertainties.
  • Globalguardian Assurance: A key player in the international insurance market, Globalguardian Assurance is known for its global reach and diverse portfolio of insurance products, catering to the unique needs of a diverse clientele.

While these companies offer similar insurance products and services, Economy Preferred Insurance Company distinguishes itself through its competitive pricing, reliable claims process, and positive customer reviews for excellent customer service.

Economy Preferred Insurance Claims Process

Ease of Filing a Claim

Economy Preferred Insurance Company streamlines the claims process to enhance customer convenience. Policyholders can initiate claims seamlessly through multiple channels, including a user-friendly online platform, over the phone with dedicated claims representatives, and efficiently via the company’s mobile app.

Average Claim Processing Time

The company prides itself on a swift and efficient claims processing system. On average, Economy Preferred Insurance Company aims to process claims promptly, minimizing any inconvenience to policyholders. The commitment to a quick turnaround aligns with the company’s dedication to providing timely assistance during unexpected events.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback highlights Economy Preferred Insurance Company’s strong reputation for fair and prompt claim resolutions. Policyholders appreciate the company’s commitment to fulfilling its financial obligations promptly.

Positive reviews often commend the transparency and responsiveness displayed throughout the claims settlement process, contributing to a high level of customer satisfaction.

Economy Preferred Insurance Digital and Technological Features

Mobile App Features and Functionality

Economy Preferred Insurance Company extends its commitment to convenience through a feature-rich mobile app. The app enables policyholders to manage their policies, report and track claims, pay bills, and access essential documents—all from the convenience of their smartphones or tablets.

Online Account Management Capabilities

The company’s online account management capabilities empower policyholders with easy access to their insurance details. From policy documents to billing information, customers can efficiently navigate and manage their accounts through the secure online portal.

This digital accessibility enhances transparency and ensures that customers have control over their insurance information.

Digital Tools and Resources

Economy Preferred Insurance Company provides a suite of digital tools and resources to assist policyholders in understanding and managing their insurance. Whether it’s educational resources, interactive tools for coverage estimation, or real-time updates, the company leverages digital platforms to enhance the overall customer experience.

These digital resources contribute to customer empowerment and informed decision-making.

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Frequently Asked Questions

What discounts are available to Economy Preferred Insurance Company customers?

Economy Preferred Insurance Company offers various discounts to its customers, including safe driver discounts, multi-policy discounts, and good student discounts.

Does Economy Preferred Insurance Company offer life insurance?

Yes, Economy Preferred Insurance Company offers term life insurance and whole life insurance.

How do I file a claim with Economy Preferred Insurance Company?

To file a claim with Economy Preferred Insurance Company, customers can contact the company’s claims department by phone, email, or online.

Are customer ratings and reviews important when choosing an insurance company?

Yes, customer ratings and reviews are important as they offer insights into a company’s customer service, claims handling, and overall satisfaction. It’s crucial to consider other factors like coverage options, pricing, financial stability, and customer support when choosing an insurance company.

How can I find customer ratings and reviews for Economy Preferred Insurance Company?

To find customer ratings and reviews for Economy Preferred Insurance Company, you can follow these steps: Visit the official website of Economy Preferred Insurance Company.

 

Look for a section or tab dedicated to customer feedback, testimonials, or reviews. Browse through the provided customer ratings and reviews to get an understanding of other policyholders’ experiences.

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Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Insurance Claims Support & Sr. Adjuster

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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<h3>Economy Preferred Insurance Company Monthly Auto Insurance Rates</h3>