Electric vs. Encompass: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Electric offers significantly less expensive rates than Encompass
• Electric offers more affordable premiums for couples purchasing insurance together
• Encompass offers more discounts than Electric Insurance Company

Electric vs. Encompass: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering hefty discounts. But exactly how much can you save by switching?

You might have narrowed it down to Electric or Encompass, but which one will offer you cheaper prices?

Looking at the national average rates for both companies, Encompass is quite a bit more expensive than Electric, with rates averaging $466 per month compared to just $266 with Electric.

Even so, that doesn't necessarily mean Electric will be the more affordable option for each driver. After all, car insurance carriers can offer drastically different rates to each driver depending on rating factors like where you call home, your driving record, your age, or even your credit score (among other things). So, at the end of the day, premiums from every carrier will differ quite a bit from person to person.

Luckily, we've broken down average prices from both Electric and Encompass by a range of different rate factors, so read on to find out which company is the best for you.

Electric or Encompass: Average Car Insurance Rates by State

Electric and Encompass compete against each other in five states, with Electric offering less expensive premiums to the average driver in all of them. Connecticut has the most noticable difference, where Electric rates are over 70% cheaper than auto insurance prices at Encompass.

But there's more to calculating insurance premiums than just the state you live in. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for car insurance compared to older drivers. Typically, that's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. As you can see above, teens who use Electric save more than $500 a month compared to those who use Encompass.

That being said, with both companies, you'll see your premiums drop significantly by the time drivers turn 25. For example, average rates for Electric policyholders decrease nearly 55% and Encompass's prices reduce over 65% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the most affordable insurance premiums you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for auto insurance.

When looking at Electric and Encompass specifically, which carrier is best for retired drivers? Electric gets the edge, with rates for drivers 65 and older more than 45% more affordable than the national average for Encompass.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance premiums tend to be less expensive for married couples than they are for single policyholders. That's because policies for married drivers normally cover more than one car, which several carriers will offer you a discount for.

When it comes to relationship status, Electric is the clear winner for single drivers, with rates about $259 per month cheaper than Encompass, on average. The advantage is also clear for married policyholders - Electric offers the cheapest average prices.

Electric vs. Encompass: Average Rates by Gender

Because men are more likely to get into collisions and get tickets, they run a larger risk of filing a claim with insurance. Therefore, men tend to pay more for insurance than women.

Women usually pay around 7% a month less than men with Electric, and about 5% less with Encompass when compared to their male counterparts.

Looking at overall affordability, Electric comes out as the lowest option for both genders, with average premiums $201 less for men and $197 cheaper for women.

Electric or Encompass: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different coverages and limits that it can be hard to find the right policy.

But most policies that many drivers look at fall into two categories -- liability only (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which generally refers to having comprehensive and collision coverages in addition to what you get with liability).

If you're looking for state minimum limits for liability insurance, Electric typically offers significantly more affordable rates of $150 compared to Encompass's $302. When it comes to full coverage policies with similar limits, Electric again has the edge, with policies around $250 per month less expensive than Encompass, on average.

Is Electric or Encompass Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Accidents and tickets will most likely raise your prices, but is Electric or Encompass more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Electric policyholders can expect their premiums to go up an average of $29 a month if they get a ticket, while Encompass normally raises prices about $61 per month, on average.

That being said, Electric has cheaper rates for drivers in both categories. Drivers with a clean record can save around $19 a month and drivers with a speeding ticket can save about $51 per month with Electric Insurance Company.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Electric can expect to see around an $28 -- or about 12% -- increase in their insurance prices. Drivers who use Encompass for their auto insurance will see a monthly bill around $101 (or 31%) more expensive after reporting a collision to their insurance company.

Overall, Electric offers the most affordable rates for drivers with an at-fault accident on their records, with monthly premiums averaging $236 compared to Encompass Insurance's $328.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even an accident. On average, Encompass will raise your prices about 78% after a DUI, while Electric's average rates climb by over 45%.

How does Credit Score Impact Electric and Encompass Rates?

Often times, your credit score can come into play when companies calculate your monthly bill. This isn't always the case (for example, California and Hawaii are two states that ban the practice entirely), but it does affect lots of drivers out there.

Car insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which reduces the risk involved on their end, while the opposite is true for those with bad credit.

Looking specifically at Encompass and Electric, which company has the lowest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Electric or Encompass Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a pretty big impact on how much auto insurance companies will charge for coverage? That's because the fewer miles you put on your vehicle, the less likely you are to get into a collision and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Electric offers less expensive prices than Encompass. Encompass's average rates for drivers with 6,000 annual miles come in more than 45% more expensive than Electric. Those who drive 12,000 miles annually can expect to pay just under 40% more with Encompass over Electric.

Electric vs. Encompass: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can play a big role in how much you pay for car insurance. Usually, those who live in rural areas will pay less than drivers in urban areas because there are a lot fewer vehicles on the roads in those areas.

Electric boasts the most affordable average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

In urban areas, Electric Insurance Company's average rates are around 46% less than Encompass Insurance. Drivers in suburban ZIP codes pay about 46% less with Electric compared to Encompass. If you live in a rural area, you can expect to save around 35% with Electric compared to Encompass.

Electric vs. Encompass Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be difficult to find all the ones you qualify for or to nail down the company that has the most discounts for your unique driver profile.

In the table below, we've compared all of the different discounts offered by Electric and Encompass so that you can find the carrier that has the most discounts and, therefore, the biggest savings.

Encompass blows Electric away when it comes to the sheer amount of discounts available, offering nine more discounts than Electric.

A couple of those are overlapping for things like advance quote discounts, discounts for being a defensive driver, discounts for getting driver training, and group discounts. Encompass also offers distant student discounts, DRL discounts, EFT discounts, and more that Electric does not.

On the flip side, Electric has a couple unique discounts of its own -- COVID-19 relief discount, electric vehicle discounts, hybrid vehicle discounts, and more.

Final Thoughts: Is Electric or Encompass Best for You?

So, you've seen how different factors can affect your car insurance prices. We've broken down the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, is Electric or Encompass the right one for you and your specific profile and needs?

Electric might be best for you if....

• You want to save money on your insurance after an accident.
• Your credit score is high.
• Your neighborhood is in a rural area.

Encompass might be best for you if...

• You're planning on moving to another state soon -- undefined only offers policies in.
• You want to save extra money with discounts.

We hope this guide helps you get a good idea of the differences between Electric and Encompass and that you can now make a more informed decision when it comes to your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from a handful of carriers, not just Electric and Encompass. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best car insurance companies in your area, all for free.

Electric vs. Encompass FAQs

Is Electric or Encompass cheaper?

Looking just at the national average premiums, Electric is the more affordable of the two carriers, offering average rates of $266 a month compared to $466 for Encompass. However, Electric won't necessarily be the lowest company for every policyholder, since there are lots of different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Electric or Encompass?

Unfortunately, the answer truly is "it depends.". Neither carrier is "better" for each driver -- it all comes down to what your unique insurance profile looks like.

Why do Electric and Encompass offer me different rates?

Car insurance companies take a look at a lot of different factors when calculating the rates they charge policyholders. Things like your driving record, gender, age, where your home is, and sometimes even things like your credit score can all be taken into consideration. Both Electric and Encompass use different formulas, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if Electric or Encompass is right for me?

The only way to find the auto insurance carrier that's right for you is by getting quotes from several companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best insurance carriers in your area. That way, you can guarantee you're getting the best premium. And who knows, the best company for you might not be Electric or Encompass at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.