Encova Insurance Review 2022 

The Right Fit For Your Insurance Needs | ⭐️⭐️⭐️⭐️

TLTR: This insurance review of Encova Insurance by Agency Height sheds light on their insurance policies and discounts. It should help you decide whether Encova is right for your coverage needs.

In this blog

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About

In 2019 Motorists Insurance Group and Brickstreet, amalgamated and rebranded as Encova Insurance Company. The companies collaborate to market auto, commercial, home, and life insurance products while promoting innovation for their agents and policyholders.
Motorists Insurance Group originated in 1928 with the principle of putting their policyholders first. In 2006, Brickstreet became West Virginia’s first private workers’ compensation carrier. Both companies sold insurance through independent insurance agents, who are now continuing to write Encova policies.

Encova Insurance, which is backed by nine decades of experience, has grown into a super-regional carrier. It provides insurance services in 29 states and ranks among the top 20 mutual insurance businesses in the country. The company has more than 17,000 independent agents in more than 2,000 agencies around the country.

Encova has also been proactive with corporate social responsibilities (CSR). The company’s community services include sponsoring issues such as aiding needy children, fighting cancer, and supporting industry projects through the Motorists Group Foundation.

Encova Insurance specializes in personal and commercial insurance. Let’s look at some of the products they offer.

Video: Encova Insurance

Encova Insurance – Pros and Cons

Pros

Cons

  • Nine decades of experience in the US insurance industry
  • Rated A- (excellent) by AM Best and A (excellent) by Better Business Bureau (BBB)
  • Impression of financial stability
  • Services offered to 25 states in the country
  • Offers competitive rates
  • 24/7 claims reporting
  • Not enough information regarding claims process on its official website
  • Customer feedback is quite difficult to find
  • No mobile application
Encova Statistics
Image: Encova Insurance Statistics

Things To Know

Encova Insurance Products And Services

Encova Insurance offers various insurance products and services that can be classified into four main categories. They are commercial, life, personal, and workers’ compensation. The company also offers a wide range of additional insurance coverage options.

Auto Insurance Policy

Investing in a car is as important as investing in the right auto insurance policy. You never know what unfortunate event might arise while on the road. Insuring your automobile adds a layer of financial protection for you and your car. Under Encova auto coverage, private passenger automobiles, SUVs, vans, and other vehicles are covered. Besides traditional auto coverage, Encova also provides towing and labor, medical payments, collisions coverage, uninsured motorists, and much more.

 

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Types of Auto Insurance Policies and Discounts Offered

Policies
Discount
Bodily Injury Liability Multi-Policy Discount
Property Damage Liability EFT Discount
Uninsured/Underinsured Motorist Married Professional Discount
Comprehensive Coverage Empty Nester Discount
Collision Coverage Excellent Driving Record Discount
Medical Payments Good Student Discount
Towing and Labor Long-Time Customer Discount
Driver Training Discount
Anti-Theft Discount

Property Insurance Policy

If you’re a homeowner, protecting your residence should be a top priority. Encova’s property insurance policy is for anyone who owns a home, condo, or even for those who rent. When you’re shopping for property insurance, learning about the coverage the policy offers are crucial. While most property insurance offers basic coverage, learning about exclusions is always a good idea.

If you are planning to rent your home or condo, your landlord policy may only cover the building and not your personal belongings. When it comes to home insurance, protecting the assets inside the building is as important as protecting the building itself. Encova insurance makes sure your home and your possessions are safe and secure. Under property insurance offered by Encova, their policy encompasses four major categories:

Home/Condo
Personal Property
Vacation Homes
Renters

A wide range of products and circumstances are covered throughout these categories:

  • Clothing, furniture, appliances, and gadgets are examples of personal property.
  • Damage to another person’s property for which you may be held liable. This could include coverage for injuries or property damage caused by your dogs.
  • Medical expenses if someone is hurt while visiting your home.
  • Hazards such as fire, robbery, vandalism, hail, and windstorms.
  • Garages, workshops, and yard barns that are not attached to the house.
Encova also provides discounts on their policies based on the following criteria:

  • Age of the house
  • Current renovations, such as plumbing, wiring, or updating the roof
  • Good credit rating score
  • Bundling insurance policies

Life Insurance Policy

Encova’s life insurance comes in two different categories—business life insurance and personal life insurance.

Business Life Insurance: This provides protection for the longevity of the business and its employees. In case of any unfortunate circumstances where you are unable to run the business, this life insurance helps the business continue.

Personal Life Insurance: If you’re seeking to provide financial stability in the event of death or disability, finance a child’s education, pay off mortgage, or save for retirement, Encova’s personal insurance would be appropriate.

 
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Encova Insurance Reviews and Ratings

A Sampling Of Customer Reviews 

Reviews

Rating

Been with Encova for a long time and they’ve assisted me with accidents, relocations, and automobiles over the years. Excellent client service and attentive personal agents. For any and all of your needs, I would definitely suggest them. ⭐️⭐️⭐️⭐️ 
Never really had a problematic encounter with the company. Prices are fair, customer service is good and services are also to the point so far. ⭐️⭐️⭐️⭐️⭐️ 
For someone who’s never been involved in any kind of accident or filed claims with this company, my rates just went up for no reason in this last billing statement. ⭐️⭐️ 
I currently have a business policy with Encova Insurance and I am looking to leave. My former carrier was purchased by this firm and the renewal rate increased by over 15%. They now demand $5 per month for a paper statement unless you pay in full. ⭐️
I am yet to file any claim but so far, I am pretty much satisfied with the services provided by the company. I’ve also gotten some discounts for bundling my auto and home insurance policy. ⭐️⭐️⭐️⭐️⭐️ 
Never really had any kind of issues with the company that weren’t solved. If I have an issue, I call and reach out to them. My question gets answered and issues are resolved. ⭐️⭐️⭐️⭐️

 

Source: Clearsurance

Third-Party Reviews

According to A.M. Best, Encova is currently one of the financially strong insurance companies in the U.S. market. It has garnered impressive ratings from the most reputable American rating companies. This indicates Encova’s strong revenue stream and provides assurance that the company will continue to be able to pay out claims. Let’s take a closer look at the ratings. 

Organization

Encova Rating

Description

A.M. Best A- (Excellent) A financially stable organization that can guarantee and safegard your insurance.
The Better Business Bureau (BBB) A (Excellent) High ratings indicate BBB’s trust that the business is operating in good faith and will address customer complaints.
NAIC Complaint Ratio 0.18 It is better to have a complaint ratio below 1.00. Encova’s excellent 0.18 score is well below the median, which means that the company has been swift in addressing the complaints of the customers.

Major Takeaway

Our Rating – ⭐️⭐️⭐⭐️

Summing up the Encova Insurance review, we can say with confidence that if you are looking for an insurance company that is affordable and  highlysought after, Encova Insurance is the one for you. Having operated in the U.S. market for nine decades, it recognizes the needs of its customers and offers them just what they’re looking for. Encova offers various products and services that not only cater to an individual’s insurance needs but also meet the needs of businesses. Along with its several insurance products,

Encova also provides a handful of impressive discount opportunities to eligible customers.
Another good reason for considering Encova Insurance is its financial strength in the market. It demonstrates a solid revenue stream which suggests the company will continue to be able to pay out claims in the future.

The bottom line is that, if you are seeking one company to cover all your insurance needs (and yes, they’ll give you discounts for it), Encova may be a great fit for you. Although Encova is a smaller company, it is known for providing great products with excellent service. And, we’re pretty sure their army of happy customers can vouch for it.

We hope that you found this review of Encova helpful.

 

Connect With The Best Insurance Agents Near You

Contact a local agent online to help you with your insurance needs.

Frequently Asked Questions

Is it true that applying for a policy has a negative impact on my credit score?

Your credit score will not be affected by applying for a policy. We conduct a “soft pull” credit inquiry (in states where credit is used to determine your rate), which is not included in your credit report except for the requester’s name.

How many drivers and vehicles can be included in my auto insurance policy?

There are a total of 8 drivers and 8 vehicles that you can include.

How far ahead of time can I buy a policy?

You can buy the policy up to 30 days before the commencement of your preferred coverage.

 

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