 |
| Erie Auto Insurance |
Buying Erie auto insurance is essential. If you buy the wrong insurance, from the wrong company, you could face financial problems if you are involved in a car accident.
However, there are easy steps you can take to purchase the right car insurance for your particular needs. Keep in mind; Each person’s needs are different.
This means you’ll need to compare policy options and companies to find the right product for your needs.
Luckily, you can do this easily with an online quote from several insurance providers.
Most people will find several Erie PA auto insurance companies offer very low rates. Does the policy provide sufficient coverage?
On the other hand, having a very expensive policy does not mean that you have complete protection.
The following steps will make it much easier for you to choose a policy that ideally suits your needs.
Some insurance companies will provide you with a list of discounts you qualify for when you get your quote. Others won’t, until you ask them.
Most people should find plenty of ways to qualify for a discount, including:
- Good driving records
- Anti-lock brakes in the vehicle
- An alarm system in the vehicle
- A good credit score (most insurance companies take a copy of your credit report.)
- The driver is a good student.
- You hold a professional position that demonstrates your level of responsibility.
- You combine coverage for more than one vehicle or vehicles with home insurance policies.
- Discounts are often available for seniors.
Each of these discounts can help reduce the amount of money you pay per month on the insurance you need.
Ask insurance companies about any additional discounts you may be eligible for, especially if one company offers the discount and another does not.
Erie Auto Insurance Overview
 |
| Erie Auto Insurance Overview |
Low rates
Average rates for Erie auto insurance customers are 31% lower than the national average, making it a great choice for drivers looking to save a decent amount on their coverage.
Great benefits
Not only does Erie offer the accident forgiveness that comes standard with your coverage, it also offers declining deductibles and an optional Erie rate lock feature, both of which are great opportunities to save money over time. .
Customizable cover
While Erie offers all the standard coverage options that most drivers will need, it also offers unique options like coverage for your pets and better car protection.
Only available in 13 states
Although Erie has plenty of coverage options and below-average rates, it’s still not available to many people. Erie only offers coverage in 13 states, most of which are in the Midwest.
No online or mobile claim filing
All claims filings are done over the phone, which isn’t as convenient when you’re in a bind. You can monitor the status of your claims online and through the Erie mobile app.
Erie Auto Insurance Financial Confidence
 |
| Erie Auto Insurance Financial Confidence |
Understanding the financial health of a business is helpful when considering claim payments and the overall longevity of the business insuring your assets.
Only one of our trusted rating agencies rated Erie, but it got high marks. Here’s how the score breaks down:
- A.M. Best: A+
- Moody’s: N/A
- S&P: N/A
A.M. Best is one of the top credit rating agencies for insurance companies. Erie has earned an A+ score (as of February 16, 2022), the second highest score a company can receive.
Moody’s assesses a company’s ability to repay its debts and assesses its financial condition as a whole. Moody’s has not rated Erie.
Standard & Poor’s (S&P) also rates companies based on their ability to pay claims and overall financial performance. S&P did not rate Erie.
Erie Auto Insurance Discount
 |
| Erie Auto Insurance Discount |
Erie’s offers a handful of discounts, but all are fairly standard in the industry. Discounts available may include:
- Discount on safe driving. If you have a clean driving record, which means you haven’t had any at-fault accidents in the past few years, you could get a reduced rate.
- Multi-car discount. Reduce your premium if you insure more than one vehicle on the same policy.
- Multi-font discount. Bundling policies — like home and auto insurance — could also lower your rates.
- Reduced usage reduction. If you don’t use your car for 90 consecutive days (or more), you could get a discount on your premium.
- Discounts for young drivers. Drivers under 21 who are still living at home may qualify for a reduced premium.
- Annual discount for payment. Save if you choose to pay your premium annually rather than monthly.
Erie Auto Insurance Ratings
It is also interesting to get an insight into what customers really think of their insurance company. We analyzed three trusted third-party review sites — Consumer Affairs, Consumers Advocate, and the National Association of Insurance Commissioners (NAIC) Complaint Index — and found that people seem happy with their Erie coverage overall.
Here’s how the scores break down:
- Consumption: 3.9/5
- Consumer Advocate: 3.6/5
- NAIC: 0.53
Consumer Affairs is a website that allows customers to rate companies directly. Erie has a score of 3.9 which is considered very good.
Consumers Advocate is a third-party company that assesses businesses against set criteria. Erie earned a 3.6 rating, which Consumers Advocate considers very good.
The National Association of Insurance Commissioners (NAIC) rates companies based on the number of complaints they receive.
Erie has a score of 0.53, which means the NAIC hasn’t received a significant number of complaints about the company.
Cover Options
Erie offers unique ways to customize your policy in addition to standard coverage options. Your options are:
- Liability insurance. Covers costs if you damage someone else’s car or injure another driver in an accident.
- Protection against bodily injury. Helps cover costs if you or your passengers are injured in an accident (this is required in no-fault states).
- Coverage for uninsured and underinsured motorists. Covers you and your vehicle if someone with inadequate or uninsured crashes into your car.
- Full coverage. Covers the costs of any non-accidental damage to your car, including vandalism or theft.
- Collision coverage. Covers the cost of damage to your car in the event of an at-fault accident.
- Gaps coverage. Required by many lenders, “gap” coverage protects you in the event that a leased or leased vehicle is totaled and you owe more on the remainder of the lease or loan than the car is worth.
- New car replacement cover. If you total your vehicle and it is less than two years old, this coverage will pay to replace it with the latest model of that car.
- Rental car coverage. This covers the cost of a temporary rental car if yours is in the store after a covered accident.
- Full window coverage. This cancels the deductible for your window repairs.
- Pet injury coverage. If your pet is injured in a car accident, this coverage will help cover the costs of their associated vet bills.
- Roadside assistance. This 24/7 service provided by Erie can help you with anything from a flat tire to fuel delivery.
- Carpool coverage. If you drive for ride-sharing apps like Uber or Lyft, this coverage will protect you and your car while you’re on the clock.
- Better car protection. This coverage pays to replace your total car with a car that is two years newer.
Summary
After being an accident-free Erie customer for three years, you will receive free accident forgiveness for your first at-fault accident.
Three years is a long time, but you don’t have to pay to add Erie Accident Forgiveness to your policy – it’s standard for all accident-free customers.
Erie also offers decreasing deductible benefits. This means that your deductible decreases by $100 for each year you are accident-free.
It’s a great opportunity to save some money if you ever have to file a claim.
You can also add Erie Rate Lock to your policy. This feature keeps your current rate stable, even if you file a claim.
Although it’s an added cost, we think it might be worth it for people who think they’re at risk of filing a claim (I’m looking at you, parents of teens).