ELECTRIC INSURANCE
GE Employee Car, Home, and PEL Insurance Program
GE Employee Discount Insurance Program
Welcome to one of the perks of working for GE: a voluntary benefits program that includes significant employee discounts on auto, home, condo, and renters insurance.1 It also features the unique Personal Excess Liability (PEL) benefit.1 Our licensed insurance professionals are also GE employees who understand your unique needs. You can reach them via MS Teams chat, phone, or email.
Program Discounts & Perks: Auto Insurance
Employee auto discount
Get up to 15% off your car insurance with your employee discount.2
New customer discount
New auto policy customers can save 7% - 15% off our standard car insurance rates. New home insurance customers can save up to 10% off our standard home rates.2
Great Driver™ app program
Employees in AZ, CT, IL, KY, MN, MO, NJ, OH, SC, TX, and WI get 10% off their auto premium just for enrolling.3
Payroll deduction program discount
Save about $145 per policy term on premiums and service fees when you participate in the payroll deduction program.2
Electric/Hybrid vehicle discount
Save 10% off our standard auto rates when you insure an electric or hybrid car with us.2
Auto and home bundled coverage discount
Insure both your vehicle and home with us and save up to 15% off your vehicle coverage and up to 25% off your home coverage.2
New/newer car discount
Save 3% - 7% if the vehicle you insure with us is up to three years old.2
More discounts
You may also qualify for safe driver, anti-theft, safety device and other discounts.2
Program Perks
New car replacement coverage
We'll pay to replace totaled or stolen new (or newer) vehicles with a new one of the same make, model, and equipment – without deducting for depreciation.4
OEM parts authorized for repairs
For best results for claims requiring repairs, we’ll authorize your repair shop to use brand-new original manufacturer’s parts.4
Total Care for Totaled Vehicles Program
We’ll provide advance payment for totaled or stolen/un-recovered vehicles and extend the use of your rental vehicle if you have rental coverage so you’d have extra time to shop for a replacement vehicle.4
Signature Choice Claim Service Guarantee™
We'll send you $100 if you make a claim for physical damage to your vehicle and don't feel we treat you with the care, respect, and courtesy you deserve.4
Home, Condo & Renters Insurance
Houses, condos, and apartments – we cover them all. We help you get the right type of coverage for your specific needs. We even offer the very rare option of Guaranteed Replacement Cost coverage.5 That means if the cost of rebuilding your home exceeds your policy’s limit, we’d cover the extra cost.
Employee home discount
Get up to 10% off your home insurance with your employee discount.2
New customer discount
You can save up to 10% off your home insurance as a new customer.2
Payroll deduction program discount
Save about $145 per policy term on premiums and service fees when you participate the payroll deduction program.2
The PEL Benefit
Since 2000, we have paid more than $81 million to protect GE employees from the financial consequences of successful claims, lawsuits, and judgments against them.
The Personal Excess Liability (PEL) voluntary employee benefit is one of the most effective ways you can protect yourself. If you’re sued, it pays the difference between the amount of a judgment or settlement against you and the limits of your auto or home policy. For example, say there’s a $500,000 judgment against you and your auto policy’s liability limit is only $100,000; the PEL policy would cover the $400,000 difference.
It applies when you are sued for your actions that resulted in:6
- Property damage to another’s belongings
- Bodily injury to other people
- “Personal injury” (such as libel or slander)
While the PEL benefit provides protection similar to that of an umbrella policy, it’s priced as an employee benefit, so it’s less costly than an umbrella policy purchased outside of the program.
Use the PEL Estimator Tool to get a free coverage estimate in seconds.
Call for a free quote
GE employees have trusted our licensed insurance professionals to provide the highest quality service for more than 50 years. Contact a Risk Coach™ today for a free review of your insurance needs at 866.757.3576 Monday through Friday, from 8:00 a.m. to 8:00 p.m. ET.7
About Electric Insurance Company
Our name might be a tip-off – we’re a GE company. We were established by GE in 1966 to provide superior insurance at competitive rates for GE employees. Today we insure thousands of vehicles and homes owned by employees and retirees and the household goods in transit of employees who participate in the relocation program. We also protect GE’s business interests: we are GE’s primary commercial insurer in the U.S., Canada, and the European Union.
