Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Written by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Dec 16, 2022

Advertiser Disclosure

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.

Company Details
President: William Douglas Moore
Address: 700 Quaker Lane P O Box 350
City: Warwick
State: RI
ZIP Code: 02887
Phone Number: (401) 827-3039
Toll Free: (800) 638-4208
Year Founded: 2030-12-15
Company Rating 0 (2 reviews)

Types of Insurance Offered

The Lowdown

  • Economy Premier offers home, car, and other types of insurance products
  • Economy recently became affiliated with MetLife
  • You will have to get a quote to learn how much Economy charges for its insurance coverage

If you’re searching for the best insurance companies in your area, you may be interested to learn more about Economy Premier Assurance Company. Also known as Economy Preferred Assurance Company, Economy Premier sells several insurance products, such as home, car, boat, and health insurance, to its customers throughout the U.S.

Unfortunately, Economy Preferred Insurance does not offer much information online. But the company recently became affiliated with MetLife Insurance. Because MetLife is well-known in the insurance world, Economy may offer more products in more locations now than in years past. 

What do we know about Economy Premier?

Economy Premier was founded in 1915 by William Douglas Moore. Initially, Economy offered the following options for insurance:

  • Car insurance
  • Boat insurance
  • Business insurance
  • Health insurance
  • Home insurance

Also known as Economy Fire & Casualty Company, the company is now a MetLife Insurance Company subsidiary in Warwick, Rhode Island. Now that Economy Premier is affiliated with MetLife, the company may be able to offer additional insurance products, such as:

  • Accident insurance
  • Fire insurance
  • Miscellaneous property insurance
  • Water damage coverage
  • Burglary and theft insurance
  • Glass coverage
  • Boiler and machinery insurance
  • Elevator insurance
  • Animal insurance
  • Workers’ compensation insurance
  • Employers’ liability coverage
  • Fidelity and surety bonds
  • Aircraft physical damage insurance
  • Marine insurance
  • Marine indemnity coverage

While Economy likely offers countless insurance products throughout the U.S., specific information about the company is not readily available online. Therefore, if you are interested in getting an insurance policy with the Economy Premier Assurance Company, you will have to call and speak with a company representative directly.

Compare Insurance Providers Rates to Save Up to 75%

secured lock Secured with SHA-256 Encryption

What are the pros and cons of an Economy Premier insurance policy?

There are positives to purchasing an insurance policy with Economy. Some of the most obvious benefits include:

  • Multiple policy options that could add up to a discount
  • Affiliations with MetLife
  • Assurance with the company’s long history of providing insurance to its policyholders

While the Economy Premier Assurance Company offers several benefits, there are downsides to working with the company as well, including:

  • Little information about the company online
  • No opportunity for online quotes
  • A lack of availability in certain areas 

As you search for more information about Economy, find and compare quotes from other providers. Doing so could help you determine which insurance company in your area offers the kind of insurance you need at a price that works with your budget. 

Is Economy a good company? 

Because there’s not much information on Economy Premier online, it’s difficult to know if the company would be a good fit for most people. However, MetLife and its subsidiaries currently have an A (Excellent) financial strength rating with A.M. Best. 

Still, the company does not have an excellent rating with the Better Business Bureau (BBB). In fact, the BBB website states that MetLife currently has a D- rating in terms of customer service. 

Before you purchase an insurance policy with Economy Premier, you should call the Economy Premier Assurance Company phone number and speak with a representative to get a quote for coverage. Once you know how much insurance with Economy will cost, you can make an informed decision about which provider is best for you. 

Is Economy affiliated with Farmers?

Farmers Insurance recently acquired all of MetLife’s insurance properties, making Farmers the new parent company of the Economy Premier Assurance Company. Because of this, an Economy policy is technically part of Farmers insurance. 

If you are interested in purchasing auto insurance through Economy, you can call the Farmers auto insurance phone number. Once you contact a representative, ask about policy options and see what is available. Still, reaching the Farmers car insurance phone number will not allow you to compare quotes from multiple providers.

Similarly, if you’re searching for homeowners insurance, you can call the Farmers home insurance phone number to learn more about your options or get a quote. 

Compare Insurance Providers Rates to Save Up to 75%

secured lock Secured with SHA-256 Encryption

What types of coverage does Economy Premier offer?

Economy offers several types of insurance, and different coverage options are likely available for each product. 

Because Economy is affiliated with MetLife, it may be safe to assume the company offers similar products. MetLife offers a variety of term and permanent life insurance options. The company also has standard auto insurance coverages and add-on coverages that some people may want or need.

For home insurance, Economy’s policies likely protect all structures on the property and offer add-ons for more specific coverage for anyone who needs it. Similarly, health insurance plans with Economy are probably robust and allow individuals to add or change features to fit their lifestyles. 

While it’s difficult to know exactly what coverage is available with Economy, it’s easy for you to contact the company to get more information. When you do, get a coverage quote to learn more about what’s available and whether the company would work best for you. 

Does Economy offer discounts on insurance products?

Economy does not clarify online whether it offers discounts for coverage. But many insurance companies do. In most cases, car insurance discounts are the most common with insurance providers.

Some of the most common discount options for insurance products include: 

  • Multi-policy discount
  • Multi-car discount
  • Vehicle safety discount
  • New car discount
  • Anti-theft device discount
  • Good driver discount
  • Defensive driver discount
  • Good student discount
  • Student-away-at-school discount
  • Paid-in-full discount
  • Paperless discount
  • Occupational discounts
  • Usage-based insurance discount

Many insurance providers list discounts and state they will help you save up to a certain percentage. You cannot assume you’ll save the highest amount on your coverage. So, ask a company representative how much you’ll save with each discount. 

Some discounts only apply to part of your overall premium. This can be tricky when you expect to save a percentage on your entire policy. Ask an Economy representative if each available discount will be applied to the full portion of your bill. 

Because discount options and opportunities vary, and because many discounts will not be automatically applied to your policy, it’s your responsibility to ask whether you’re eligible for a discount based on where you live and other specific factors. 

Overall, car insurance discounts can help you save as much as 25% on your coverage. So it’s a good idea to inquire about discount opportunities. Unfortunately, most other insurance products aren’t eligible for as many discounts. Still, it’s worth asking whether you can save money on other insurance products. 

How much is Economy Premier insurance?

It’s impossible to know how much you will pay for insurance with Economy Premier. Every company assesses risk differently, and a policy with Economy Premier may cost more or less than competitors based on several factors, including:

  • Age
  • Gender
  • ZIP code
  • Credit score
  • Occupation
  • Driving history
  • Medical history
  • Past insurance claims
  • Insurance coverage

The only way to know how much you would pay for an Economy policy is to contact the company directly. Then, you can ask for a quote to see how much you would pay for coverage. After you get a quote, compare the price to other companies in the area to see which one offers the best deal. 

Compare Insurance Providers Rates to Save Up to 75%

secured lock Secured with SHA-256 Encryption

Economy Premier Assurance Company: The Bottom Line

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.

Still, finding and comparing insurance quotes is vital to avoiding paying too much for coverage. So, before you commit to Economy, MetLife, or Farmers, research your options. Don’t hesitate to compare multiple companies to determine what will work best for you.

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. 

Frequently Asked Questions

Is Economy Preferred part of MetLife?

MetLife acquired Economy Preferred, so the company is now a subsidiary of MetLife. As a result, you should be able to use your MetLife home and auto login or your MetLife car insurance login to access your Economy policy if you need to.

What did MetLife change to?

MetLife was acquired by Farmers Insurance and has changed its name to Brighthouse Financial. You should receive a Farmers policy number if you have a MetLife policy. 

Where is Economy available?

Economy does not mention online where its policies are available. With affiliations with both MetLife and Farmers, it’s easy to assume you can purchase a policy throughout the U.S. But you can call and speak with a company representative for more accurate information.

Economy Premier Assurance Company: Customer Ratings & Reviews [2023] Additional Information

Economy Premier Assurance Company is a Stock company that was incorporated in 2030-12-15. Economy Premier Assurance Company is a Fire & Casualty insurance company and has assets of 35,296,407, capital of $3,000,000, and net surplus of $32,296,407.

The president of Economy Premier Assurance Company is William Douglas Moore, the treasurer is , and the secretary is . Economy Premier Assurance Company insurance plans include
auto, boat, business, health, and home.

Economy Premier Assurance Company is located in Warwick, RI and the phone number for Economy Premier Assurance Company claims, customer, service, and additional information is (401) 827-3039.

Economy Premier Assurance Company Insurance Quotes

If you already have Economy Premier Assurance Company insurance quotes then be sure that you compare your quoted Economy Premier Assurance Company insurance plans with insurance quotes from many other top insurance companies so that you can find the very best insurance plan for your needs. Enter your zip code in for free insurance quotes now!