Erie vs. Chubb Insurance

Which insurance company is right for you? Compare insights, plans, and quotes from Erie and Chubb.

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Erie vs. Chubb: What You Need to Know

Erie Insurance Exchange was founded in 1925 by H.O. Hirt and O.G. Crawford, in the city of Erie, Pennsylvania. H.O. Hirt hoped to create a company based on superior service using the mantra, “The ERIE is Above all insERvIcE,” with the letters "E-R-I-E" raised in capitals out of the word“service.” It still remains the company tagline today. Three years after being established, the company was doing so well that it expanded its business by opening its first office outside Erie, in Pittsburgh. By 1934, the company created the “Super Standard Auto Policy,” which was used as a model for other insurance companies across the country. The company later expanded its product portfolio into a home, business and in the year 1967, Erie Family Life Insurance Company was formed, offering life insurance to consumers. Erie Indemnity Company was registered with the Securities andExchange Commission in 1994 and in the following year it was listed on NASDAQ. Today, Erie Insurance Company ranks number 381 on the 2019 FORTUNE500® list and has over 5,000 employees and 12,000 independent agents. Also, the company ranks highest among auto insurers in providing a satisfying purchase experience, with a score of 917 (on a 1,000-point scale).

In 1882, Thomas Caldecot Chubb and his son Percy founded Chubb & Son inNew York City selling with marine insurance. In 1901, Percy organized theFederal Insurance Company, writing marine insurance and expanded into fire two years later. The company acquired control of U.S Guarantee Company in1921 and they opened their first branch outside the U.S in Montreal, Canadain 1928. In the year 1967, the company changed its name to ChubbCorporation and at the same time, they acquired the Pacific IndemnityCompanies. In 1984 Chubb was listed on the New York Stock Exchange and their business expanded overseas by 1990. In 2012, after Superstorm Sandy, Chubb settled the highest number of claims in the company's history. are limited and Chubb became one company and adopted the Chubb name by 2016. Today, Chubb is the world’s largest publicly traded P&C insurance company and the largest commercial insurer in the U.S, operating in 54 countries and provides property and casualty insurance to businesses and individuals, including personal products such as auto, home, travel, natural disasters, valuables, boats & yachts, cyber and life & health protection.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Erie Overview and Chubb Overview.

Erie vs. Chubb: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Erie and Chubb. On average, Erie charges approximately $120.07 per month while Chubb comes in at around $199.32 per month. For Erie, the cheapest state average is Ohio at $81.30 per month and the most expensive is New York at $178.91 per month. For Chubb, the cheapest state average is Washington at $113.74 per month and the most expensive is New York at $305.08 per month.

Erie

Average Rate

$120.07
Chubb

Average Rate

$199.32
National

Average Rate

$117.77
State Erie Chubb
Indiana $88.47 -
Maryland $166.54 -
Michigan- $188.65
New York $178.91 $305.08
North Carolina $84.29 -
Ohio $81.30 -
Pennsylvania $110.85 $191.76
Tennessee $107.01 $133.74
Texas- $179.28
Virginia $90.15 $142.14
Washington- $113.74
West Virginia $96.42 -
Wisconsin $92.13 -

Erie vs. Chubb: Rates by Number of Vehicle

Home

Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Erie and Chubb typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Erie Chubb
1 Vehicle $119.16 $190.18
2 Vehicles $123.18 $233.22
3 Vehicles $199.14 $401.14

Erie vs. Chubb: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Erie charges $107.44 per month and Chubb charges $181.12 per month for customers who own their home.

Own/Rent Erie Chubb
Own $107.44 $181.12
Rent $126.59 $209.86

What is Erie and Chubb Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Erie and Chubb ranked among the industry ratings.

ComparisonErieChubb
Year Founded19251882
Market Share1.29%2.95%
A.M. Best RatingA+
Financial StrengthExcellentExcellent
Fitch RatingAA
Moody’s RatingAa3
NAIC Complaint Index0.46
NAIC Complaint Ratio0.22
S&P RatingAA

Erie or Chubb: Insurance Products Offered

What coverage is available through Erie and Chubb? Both insurance companies offer Auto, Commercial, Home, and RV insurance. Additional products from Erie insurance also includes Condo, Health, Life, Motorcycle, and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Erie and Chubb Insurance page.

InsuranceErieChubb
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance

Erie or Chubb: Ways To Save

Chubb offers a wide range of discounts to its policyholders, including Airbag, Anti-lock Braking System, and Anti-theft discounts. In contrast, Erie also offers a few discounts that Chubb doesn’t include Young Driver Loyalty, Teen Driver, and Student discounts. Start taking advantage of discounts offered by insurance providers like Chubb and Erie insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

ErieChubb
Advance Quote DiscountAccident-Free Discount
Age 55 DiscountAirbag Discount
Driver Training DiscountAnti-lock Braking System Discount
Multi-Policy DiscountAnti-theft Discount
Multi-Vehicle DiscountCollege Graduate Discount
New Vehicle DiscountDefensive Driving Discount
Paid in Full DiscountGood Student Discount
Prior Bodily Injury Limits (BIL) DiscountMulti-Vehicle Discount
Reduced Usage Discount
Safe Driver Discount
Safety Features Discount
Student Discount
Teen Driver Discount
Young Driver Loyalty Discount

Pros & Cons of Erie & Chubb

Pros

Erie
  • Erie Insurance is well-known for its competitive price and excellent claims service.
  • It has fewer customer complaints than the industry median, relative to its size.
  • Offers 12-month premium quotes
  • Multiple discounts available
  • It locks in your auto insurance rate, so your premium won’t change unless you add or remove drivers or cars.
Chubb
  • Industry-leading claims and risk engineering services.
  • Efficiency in paying claims and solid reputation.
  • Multi-policy discounts and credits available.
  • High level of expertise.

Cons

Erie
  • It doesn’t accept claims online, only by phone.
  • It offers its products in only 12 states.
Chubb
  • Higher than the average rates, since it’s a premier carrier.

Erie or Chubb Mobile Apps Options

The Erie Insurance mobile app is available for iOS and Android.

The Chubb Mobile app is available for android and iPhones and iPads. The app features fingerprint and facial login to a dashboard where you can manage payments, download ID cards, submit claims, check the agent information and more.

Erie Mobile App
iOS     3.318 user reviews
Android     3.819 user reviews
Chubb Mobile App
iOS     3.314 user reviews
Android     2.36 user reviews

Erie & Chubb Contact Info

Erie Contact Info
Address100 Erie Insurance Place, PA 16530
Phone1-800-458-0811
Websitehttps://www.erieinsurance.com/
Facebookhttps://www.facebook.com/erieinsurance/
Twitterhttps://twitter.com/erie_insurance
Youtubehttps://www.youtube.com/user/ErieInsurance
Linkedinhttps://www.linkedin.com/company/erie-insurance-group/
Chubb Contact Info
Address15 Mountainview Rd, Warren, NJ 07059
Phone(908) 903-2000
Websitehttps://www.chubb.com/us-en/
Facebookhttps://www.facebook.com/ChubbInsurance/
Youtubehttps://www.youtube.com/channel
Linkedinhttps://www.linkedin.com/company/chubb/

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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