Economy Fire & Casualty Company: Customer Ratings & Reviews [2025]

Explore the comprehensive coverage options and competitive rates offered by Economy Fire & Casualty Company, a trusted insurance provider with over 50 years of experience, as we delve into their A.M. Best rating, customer reviews, and the various discounts available to help you make informed decisions for your insurance needs.

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Jimmy McMillan

Licensed Insurance Agent

Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...

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Jimmy McMillan
Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...

Reviewed by
Jeff Root

Updated April 2024

Economy Fire & Casualty Company, is an established insurance provider offering a range of insurance products, including fire insurance, casualty insurance, auto insurance, homeowners insurance, and commercial insurance.

The company has an A.M. Best rating of A- (Excellent) and a low complaint level. They offer competitive rates and multiple discounts, with coverage available in several states. Although their customer reviews are mixed, they provide 24/7 customer service and have been a trusted insurance partner for over 50 years.

Economy Fire and Casualty Insurance Coverage Options

With over 50 years of experience, we offer a diverse range of insurance coverage options to safeguard what matters most to you. Whether you’re seeking protection for your home, vehicle, or business, Economy Fire & Casualty Company is committed to providing reliable and comprehensive solutions.

  • Homeowners Insurance: This coverage can help protect a customer’s home and personal property in case of damage or loss due to theft, fire, or other covered events.
  • Auto Insurance: This coverage can help protect a customer’s vehicle and provide liability coverage in case of an accident. Customers can choose from liability, collision, and comprehensive coverage options.
  • Renters Insurance: This coverage can help protect a customer’s personal property in a rented property in case of damage or loss due to theft, fire, or other covered events.
  • Umbrella Insurance: This coverage can provide additional liability coverage beyond the limits of a customer’s auto or homeowners insurance policy.
  • Flood Insurance: This coverage can help protect a customer’s home and personal property in case of damage or loss due to a flood.

Economy Fire & Casualty Company stands as your trusted ally. Our coverage options, including fire insurance, casualty insurance, auto insurance, homeowners insurance, and commercial insurance, are crafted with your security in mind.

Read more: Carolina Casualty Insurance Company Review

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Economy Fire and Casualty Insurance Rates Breakdown

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Driver ProfileEconomy Fire & CasualtyNational Average
Clean Record$83$119
1+ Ticket$125$147
1+ Accident$154$173
DUI$208$209
Poor Credit$143$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Economy Fire and Casualty Discounts Available

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DiscountsEconomy Fire & Casualty
Anti Theft8%
Good Student13%
Low Mileage10%
Paperless9%
Safe Driver15%
Senior Driver7%

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At Economy Fire & Casualty Company, we understand the importance of not only providing robust coverage but also ensuring that your insurance experience is as cost-effective as possible. That’s why we’re pleased to offer a range of discounts that go beyond conventional offerings.

  • Multi-Policy Discount: Customers can save up to 25% when they bundle their home and auto insurance policies with Economy Fire & Casualty Company.
  • Safe Driver Discount: Customers who maintain a clean driving record are eligible for this discount, which can range from 10% to 25% depending on the state and the driving history.
  • Good Student Discount: Full-time students under the age of 25 who maintain a certain grade point average (usually a B average or higher) are eligible for this discount, which can help them save up to 20% on their car insurance.
  • Home Security Discount: Customers who have a home security system installed may be eligible for a discount of up to 15% on their homeowners insurance.
  • Fire Protection Discount: Customers who have smoke detectors, fire alarms, or sprinkler systems in their homes may be eligible for a discount of up to 10% on their homeowners insurance.

These discounts are aimed at providing policyholders with opportunities to save on their insurance premiums while promoting safety, responsible behavior, and loyalty to Economy Fire & Casualty Company.

How Economy Fire and Casualty Ranks Among Providers

Economy Fire & Casualty Company stands among various formidable competitors, each contributing unique strengths to the market. These competitors play a crucial role in shaping the options available to consumers, offering diverse solutions and innovative approaches to insurance.

  • State Farm: A giant in the insurance industry, State Farm offers a wide range of insurance products, including auto, home, and life insurance. Known for its extensive agent network and strong customer service.
  • Allstate: Another major player, Allstate provides a variety of insurance solutions, emphasizing personalized coverage options. They are recognized for their innovative features like the Drivewise program for auto insurance. (For more information, read our “Allstate Fire and Casualty Insurance Company Review“).
  • Nationwide: With a broad range of insurance products, Nationwide competes with Economy Fire & Casualty Company, offering auto, home, and business insurance. They focus on customer-centric services and flexible coverage.
  • Progressive: Known for its dynamic approach to auto insurance, Progressive is a strong competitor. They emphasize technological advancements, like the Snapshot program, to tailor coverage based on driving habits.

Navigating the realm of insurance requires a comprehensive understanding of the competitive landscape, and Economy Fire & Casualty Company acknowledges the importance of informed choices.

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Economy Fire & Casualty Claims Process

Ease of Filing a Claim

Economy Fire & Casualty Company prioritizes simplicity and convenience in its claims process. Policyholders have multiple avenues for filing claims, providing flexibility to suit individual preferences.

Whether you prefer the ease of online submissions, the efficiency of phone claims, or the convenience of mobile apps, Economy Fire & Casualty Company ensures a hassle-free experience. The user-friendly interfaces across these platforms make the claims initiation process straightforward and accessible to all policyholders.

Average Claim Processing Time

Efficiency is paramount when it comes to handling claims. Economy Fire & Casualty Company is committed to timely and efficient claim processing. The average claim processing time is a crucial aspect of customer satisfaction.

Through streamlined processes and advanced technologies, the company strives to ensure that valid claims are processed promptly, allowing policyholders to recover from unforeseen events without unnecessary delays.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback provides valuable insights into the effectiveness of an insurance company’s claims process. Economy Fire & Casualty Company places great importance on fair and prompt resolutions.

The feedback from policyholders reflects a positive trend, highlighting the company’s commitment to meeting customer expectations. Consistent praise for fair and timely payouts indicates a strong customer-centric approach in handling claims, contributing to the overall satisfaction of policyholders.

Economy Fire & Casualty Digital and Technological Features

Mobile App Features and Functionality

In an era dominated by technology, Economy Fire & Casualty Company understands the significance of mobile solutions. The company’s mobile app is designed to be a comprehensive tool for policyholders.

Offering features like claims filing, policy management, and even real-time updates, the app ensures that customers have easy access to their insurance information at their fingertips. The intuitive design enhances user experience, making it a powerful tool for on-the-go policy management.

Online Account Management Capabilities

Digital convenience extends beyond mobile apps, and Economy Fire & Casualty Company excels in providing robust online account management capabilities. Policyholders can seamlessly manage their accounts, review policy details, and make updates through the company’s secure online portal.

Digital Tools and Resources

Economy Fire & Casualty Company goes beyond the basics, providing additional digital tools and resources to empower its policyholders. From educational resources on insurance topics to interactive tools for coverage assessments, the company’s digital offerings aim to enhance customer understanding and engagement.

By leveraging technology in innovative ways, Economy Fire & Casualty Company ensures that its policyholders have access to a suite of digital resources for a more informed and empowered insurance experience.

Frequently Asked Questions

Does Economy Fire & Casualty Company offer online quotes?

Yes, customers can request an online quote on their website.

Can I bundle my policies with Economy Fire & Casualty Company?

Yes, customers can bundle their policies with Economy Fire & Casualty Company to receive discounts.

How can I file a claim with Economy Fire & Casualty Company?

Customers can file a claim with Economy Fire & Casualty Company by contacting their local agent or by visiting their website.

How can customer ratings and reviews help me assess Economy Fire & Casualty Company?

Customer ratings and reviews can provide you with a sense of the company’s reputation and the satisfaction level of its policyholders. By reading these reviews, you can gather information about the quality of their customer service, claims process, policy options, and any potential issues or concerns raised by customers.

Where else can I gather information about Economy Fire & Casualty Company?

In addition to customer ratings and reviews, you can gather information about Economy Fire & Casualty Company from various sources. Consider visiting their official website to learn about their history, financial stability, coverage options, and any accolades or certifications they may have received.

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