RICHMOND, Va., July 27, 2015 /PRNewswire/ -- Elephant Auto Insurance is now offering another way for customers to save even more: Diminishing Deductible. The new coverage option allows customers who have selected it to have their collision deductible reduced by $100 each year. Elephant's launch of this unique product rewards both new and existing customers for good driving behavior, and won't punish drivers if an accident happens, as unlike with other insurers, Elephant's Diminishing Deductible includes a no-reset guarantee. Here's a quick breakdown of Elephant's Diminishing Deductible:
- At purchase, you receive an immediate reduction of $100 on your $500 collision deductible
- Each year you do not a have rate-impacting accident, your deductible decreases by $100 (up to a maximum of $500 for the life of the policy)
- Elephant's no reset guarantee is the first of its kind, promising not to reset your deductible after an accident, but instead freezes your deductible until your policy renewal, at which point savings resume
"At Elephant we are always looking for ways to help our customers save money. That is why we are excited to launch Diminishing Deductible," Kevin Chidwick, CEO of Elephant Auto Insurance. "We want to reward customers who drive incident-free, but we do understand that accidents may happen. With our no reset guarantee Elephant is able to offer a first in the insurance industry to our customers, ensuring their collision deductible will not go back up after an accident. We believe our customers should be rewarded for their good driving, not punished."
On average, according to the Association for Safe International Road Travel, auto crashes cost the entire U.S. $230 billion per year, which comes out to about $820 per person. With Elephant's Diminishing Deductible, customers may save up to $500 on their collision deductible.
Diminishing Deductible is now available to prospective customers, as well as all current customers at the time of their policy renewal. To find out more about Diminishing Deductible from Elephant Auto Insurance, go to www.elephant.com/diminishing-deductible.
About Elephant Auto Insurance
Founded in 2009, Elephant is a direct-to-consumer insurance company offering auto, home, motorcycle, and life products to customers nationally. Elephant prides itself on providing quality services and great prices. Located in Richmond, VA, Elephant is a wholly owned subsidiaries of Admiral Group, plc, one of the leading insurance companies in the United Kingdom. Elephant believes people who like what they do, do it better and therefore encourages a climate of individual contributions, long-term commitment and profitable growth within the organization. Elephant was named one of the Best Places to Work in Virginia, as well as one of the 50 Most Engaged Workplaces in the United States in 2011 and 2012. To learn more about Elephant or to get an insurance quote go to elephant.com, or call 1-877-21-TRUNK (1-877-218-7865).
SOURCE Elephant Auto Insurance