Which insurance carrier is right for you? Compare savings, rates, and quotes from Erie and Cincinnati.
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 in sERvIcE,” 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 and Exchange 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).
With an A+ rating from the BBB, Cincinnati Insurance Company has been serving its customers since 1950. The Cincinnati Insurance company was founded in 1950 by four independent agents, two of whom were brothers, John Jack Schiff and Robert Cleveland Schiff. The company operates in 13states through nearly 1,000 selected independent agencies.
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 Cincinnati Insurance Overview.
Below is a list of the average rates that drivers typically pay with Erie and Cincinnati Insurance. On average, Erie charges approximately $121.97 per month while Cincinnati Insurance comes in at around $192.89 per month. For Erie, the cheapest state average is Ohio at $75.88 per month and the most expensive is Maryland at $175.98 per month. For Cincinnati Insurance, the cheapest state average is Indiana at $128.71 per month and the most expensive is Virginia at $254.15 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Erie and Cincinnati Insurance typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Erie||Cincinnati Insurance|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Erie charges $124.21 per month and Cincinnati Insurance charges $196.01 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Erie and Cincinnati ranked among the industry ratings.
|NAIC Complaint Index||0.22|
|NAIC Complaint Ratio||0.22|
What coverage is available through Erie and Cincinnati? Both insurance companies offer Auto, Home, and Life insurance. Additional products from Erie insurance also includes Commercial, Condo, Health, Motorcycle, Renters, and RV 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 Cincinnati Insurance Insurance page.
Cincinnati offers a wide range of discounts to its policyholders, including Good Student, Healthy Living (Life Insurance), and High Deductible discounts. In contrast, Erie also offers a few discounts that Cincinnati doesn’t include Young Driver Loyalty, Teen Driver, and Student discounts. Start taking advantage of discounts offered by insurance providers like Cincinnati and Erie insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Advance Quote Discount||Good Claim History Discount|
|Age 55 Discount||Good Student Discount|
|Driver Training Discount||Healthy Living Discount (Life Insurance)|
|Multi-Policy Discount||High Deductible Discount|
|Multi-Vehicle Discount||Multi-car Policy Discount|
|New Vehicle Discount||Multi-policy Discount|
|Paid in Full Discount||New Home Discount|
|Prior Bodily Injury Limits (BIL) Discount||Safety Equipment Discount (Auto, Home, Business)|
|Reduced Usage Discount||Safety Features Discount|
|Safe Driver Discount|
|Safety Features Discount|
|Teen Driver Discount|
|Young Driver Loyalty Discount|
The Erie Insurance mobile app is available for iOS and Android.
The Cincinnati Insurance Mobile app is available for android and iPhones and iPads. This insurance tool is where you can manage payments, view auto policy information, download ID cards, submit glass claims, request roadside services and more.
|Erie Mobile App|
|iOS||3.3||18 user reviews|
|Android||3.8||19 user reviews|
|Cincinnati Mobile App|
|iOS||4.6||5 user reviews|
|Android||3.1||11 user reviews|
|Erie Contact Info|
|Address||100 Erie Insurance Place, PA 16530|
|Cincinnati Contact Info|
|Address||600 S. Gilmore Road, Fairfield, OH 45014-5141|
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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