Economy Premier Assurance Company: Customer Ratings & Reviews [2024]
Economy Premier Assurance Company, a prominent player in the insurance market, is thoroughly examined in this comprehensive article, covering its diverse insurance offerings, customer reviews, coverage options, and competitive advantages.
Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
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
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.
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Economy Premier Assurance Company
Average Monthly Rate For Good Drivers
$100A.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Competitive rates
- Diverse coverage options
- Positive customer service
- Discounts and savings
- User-friendly digital tools
Cons
- Limited coverage options in comparison to larger providers
- Varied customer experiences
- Availability may be restricted
- Potential eligibility criteria for discounts
- Evolving digital features
Economy Premier Assurance Company offers several options if you’re looking for insurance. You can purchase auto, home, health, life, and many other types of insurance through the company. Unfortunately, Economy Premier does not post much information online, so you may have to research to learn more about the company’s products.
Economy was recently bought out by MetLife, and Farmers Insurance Company has acquired MetLife. These transitions are likely why it’s hard to learn much about Economy as its own company. Economy may now sell products under the MetLife or Farmers name.
MetLife has a good reputation and offers a vast array of insurance products. Farmers is one of the most well-known insurance companies in the U.S. If you purchase a policy from either company, you can trust that you’re getting a good product.
Once you find an insurance product and company you’re satisfied with, you should continue to compare quotes and prices once a year to ensure you’re not paying too much with the same company. Inquire about discounts and ask if there are other ways you could save money on your insurance premiums.
Economy Premier Assurance Insurance Coverage Options
Economy Premier Assurance Company presents a diverse array of coverage options designed to safeguard various aspects of life. Ranging from auto and home protection to life insurance, their comprehensive suite of offerings aims to provide reliable financial security for individuals and families.
- Liability Coverage: This is the most basic form of car insurance, and it covers damage or injury you cause to others while driving your car. It includes bodily injury liability and property damage liability.
- Collision Coverage: This covers damage to your own car in the event of a collision, regardless of who is at fault. This coverage typically includes a deductible that you must pay out of pocket before the insurance kicks in.
- Comprehensive Coverage: This covers damage to your car caused by something other than a collision, such as theft, vandalism, or weather-related damage. Like collision coverage, it typically includes a deductible.
- Personal Injury Protection (PIP): This coverage pays for medical expenses and lost wages for you and your passengers in the event of an accident, regardless of who is at fault.
- Uninsured/Underinsured Motorist Coverage: This covers you in the event that you are in an accident with someone who doesn’t have enough insurance to cover the damage or doesn’t have any insurance at all.
- Roadside Assistance: This optional coverage provides help if your car breaks down on the side of the road, such as towing, jump-starts, and flat-tire changes.
- Rental Reimbursement: This optional coverage pays for a rental car while your car is being repaired after an accident.
Economy Premier Assurance Company stands out for its extensive coverage options catering to diverse insurance needs. Whether it’s safeguarding vehicles, homes, or ensuring financial security through life insurance, their commitment to providing comprehensive protection reflects their dedication to meeting customers’ varied insurance requirements.
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Economy Premier Assurance Insurance Rates Breakdown
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Driver Profile | Economy Premier | National Average |
---|---|---|
Clean Record | $92 | $119 |
1+ Ticket | $125 | $147 |
1+ Accident | $154 | $173 |
DUI | $208 | $209 |
Poor Credit | $158 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Economy Premier Assurance Discounts Available
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Discounts | Economy Premier |
---|---|
Anti Theft | 8% |
Good Student | 13% |
Low Mileage | 10% |
Paperless | 8% |
Safe Driver | 15% |
Senior Driver | 10% |
Economy Premier Assurance Company provides a range of discounts aimed at helping policyholders save on their insurance premiums. These discounts reward various qualifying factors, promoting safe driving habits, multi-policy bundling, and other advantageous criteria.
- Multi-Policy Discount: Customers can receive a discount on their auto insurance when they bundle it with another policy, such as home or renters insurance.
- Safe Driver Discount: Drivers who have a clean driving record and no recent accidents or tickets can receive a discount on their car insurance premium.
- Good Student Discount: Full-time students who maintain a certain grade point average may be eligible for a discount on their auto insurance.
- Anti-theft Device Discount: Cars equipped with anti-theft devices, such as alarms or GPS tracking systems, may qualify for a discount on their comprehensive coverage.
- Hybrid/Electric Vehicle Discount: Customers who drive hybrid or electric cars may be eligible for a discount on their auto insurance premium.
- Defensive Driving Course Discount: Drivers who complete an approved defensive driving course may receive a discount on their car insurance.
- Loyalty Discount: Customers who have been with the company for a certain number of years may be eligible for a discount on their insurance premium.
Economy Premier Assurance Company’s diverse array of discounts stands as a testament to their commitment to offering affordable insurance solutions. By incentivizing safe driving, multi-policy bundling, and other qualifying factors, they strive to make insurance more accessible and cost-effective for their valued customers.
How Economy Premier Assurance Ranks Among Providers
In the fiercely competitive landscape of the insurance industry, Economy Premier Assurance Company contends with several notable rivals, each vying to offer comprehensive coverage, competitive rates, and exceptional customer service. Among its primary competitors are renowned insurance giants recognized for their diverse product offerings and market presence.
- State Farm: Recognized as one of the largest insurance providers in the U.S., State Farm offers a wide range of insurance products, including auto, home, life, and more. They are known for their extensive agent network and comprehensive coverage options.
- Geico: Geico is notable for its direct-to-consumer model and often advertises competitive rates. It’s recognized for providing auto insurance but also offers other insurance products, including homeowners, renters, and more.
- Allstate: Allstate is a major competitor known for its diverse insurance offerings, including auto, home, life, and renters insurance. They emphasize personalized service and have a wide network of agents across the country.
- Progressive: Renowned for its innovative advertising campaigns, Progressive is a significant player in the auto insurance market. It’s recognized for offering competitive rates, various discounts, and user-friendly online tools for comparison shopping.
- Nationwide: Nationwide offers various insurance options, including auto, home, and life insurance. Known for its focus on customer service and a wide range of coverage options, it competes strongly in the market.
Economy Premier Assurance Company navigates a dynamic market landscape, facing formidable competition from established industry players. While each competitor boasts unique strengths, the dedication to providing quality coverage, innovative solutions, and customer-centric approaches defines the intense yet evolving competition within the insurance sector.
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Economy Premier Assurance Company Claims Process
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Economy Premier Assurance Company provides multiple avenues for filing claims. Customers can initiate claims online through the company’s website or mobile app. Additionally, they offer the option to file claims over the phone, providing flexibility for customers to choose the method most convenient for them.
Average Claim Processing Time
The average claim processing time with Economy Premier Assurance Company varies depending on the type and complexity of the claim. However, the company aims to expedite the process efficiently, striving for timely resolutions and payouts to eligible policyholders.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback regarding claim resolutions and payouts with Economy Premier Assurance Company has generally been positive. Many customers appreciate the company’s promptness in handling claims and providing fair payouts. However, individual experiences may vary based on specific circumstances.
Economy Premier Assurance Company Digital and Technological Features
Mobile App Features and Functionality
The Economy Premier Assurance Company’s mobile app offers a user-friendly interface, allowing customers to access policy information, initiate claims, view payment details, and even request roadside assistance. The app also provides features for policy management, bill payments, and document submissions, enhancing convenience for users on the go.
Online Account Management Capabilities
The company’s online platform offers robust account management capabilities. Customers can log in to their accounts to view policy details, make changes to coverage, update personal information, and track claims. The platform is designed for easy navigation and efficient management of insurance-related tasks.
Digital Tools and Resources
Economy Premier Assurance Company provides various digital tools and resources to assist customers in understanding insurance policies, coverage options, and potential savings. These resources include informative articles, FAQs, educational materials, and calculators to help customers make informed decisions about their insurance needs.
Frequently Asked Questions
How do I file a claim with Economy Premier Assurance Company?
You can file a claim by calling the company’s claims department or by submitting a claim online through their website.
What types of discounts does Economy Premier Assurance Company offer?
Economy Premier Assurance Company offers a range of discounts, including safe driver discounts, multi-car discounts, accident forgiveness, and more.
Does Economy Premier Assurance Company offer bundling discounts?
Yes, customers can receive discounts by bundling multiple insurance products with Economy Premier Assurance Company.
Are customer ratings and reviews important when considering an insurance company?
Yes, customer ratings and reviews can be helpful when considering an insurance company. They provide insights into the experiences of other customers and can give you an idea of the company’s reputation, customer service, claims handling, and overall satisfaction.
How can I interpret customer ratings and reviews effectively?
When interpreting customer ratings and reviews, it’s essential to consider the overall consensus rather than focusing on individual opinions. Look for common themes or trends in the reviews. Pay attention to aspects that are important to you, such as customer service, claims process, pricing, and coverage options.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
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.