Erie Insurance: Overview

Based in Pennsylvania, Erie Insurance has been providing coverage since 1925.

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About Erie

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 FORTUNE 500® 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).

Erie Facts & Ratings

Year Founded1925
Financial StrengthExcellent
A.M. BestA+
Market Share1.29%
NAIC Complaint Ratio0.22

Erie Mobile App Rating

iOS
     3.318 user reviews
Android
     3.819 user reviews

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

Pros & Cons of Erie Insurance

  • 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.
  • It doesn’t accept claims online, only by phone.
  • It offers its products in only 12 states.

Common Questions about Erie

Is Erie the best car insurance for teens?

Erie is easily one of the most affordable companies for teen and college-aged drivers. The company offers discounts of up to 20 % for drivers who live at home and are under 21, for each year they spend under the same policy, for taking a driving class, and even for participating in the company’s competitive program that offers prizes to students who are the most engaged with safe driving.

How do I file a claim with Erie insurance?

To file a claim with Erie insurance you can get in touch with your local agent or call (800) 367-3743 for support 24 hours, 7 days a week.

Is Erie insurance better than State Farm?

Erie Insurance and State Farm are the two most popular auto insurance companies, offering competitive insurance premiums in most states in the US. Both companies have unique benefits and the rates can vary depending on the product and conditions you are looking at. We highly recommend that you compare quotes to see which provider offers you the most affordable rates, and you can check by clicking here.

What is Erie insurance AM Best rating?

A.M Best is a respected provider of financial ratings for insurance organizations and Erie Insurance Group has earned the rating of A+ (superior).

Will Erie auto insurance cover classic cars?

Erie auto insurance offers classic car coverage, which can be easily added to your auto insurance policy. If you have an antique car, classic car or special interest vehicle, you don’t need to buy a separate policy, you can add on the same policy as your other vehicles.

What options do Erie's life insurance offers?

Erie offers the following life insurance options: Term Life: select from a 10, 15, 20 or 30-year plan to protect. Whole Life: protection with premiums and coverage that are guaranteed to remain the same for your lifetime. Universal Life: entire life protection; includes a policy cash value with a flexible payment schedule.

How do I cancel my Erie insurance?

The easiest way to cancel with Erie Insurance is by contacting your local agent by phone, email or in person. You also have the option to start the cancellation process by calling the customer service or sending an email. Either way, the company requires written notice.

Does Erie insurance cover windshield replacement?

The comprehensive coverage from Erie insurance covers the cost to repair a cracked or chipped windshield without charging the deductible. Also, it includes Glass Repair Coverage, which can cover the cost of windshield replacement, but you’ll have to pay your deductible.

What is Erie business insurance cover?

Erie business insurance offers comprehensive, customizable coverage, competitive rates, outstanding service and more. It offers the following commercial industry packages: Auto service Brewery, Winery, Distillery InsuranceContractorsLandlord & Property OwnersManufacturers InsuranceOffices & Professional ServicesRestaurantsRetailWholesalers-Distribution

How much is a multi-policy discount by Erie insurance?

Erie insurance offers multi-policy discounts from 16% to 25%, depending on your state when you insure your auto and home with the company.

What are Erie Rate Lock options?

Erie Rate Lock is an optional coverage that offers pricing stability by locking your current insurance rate. Even if you have a claim, your rates won’t change until you make certain changes to your auto insurance policy, such as adding or removing a vehicle or a driver from your policy or changing your primary residence.

Does Erie insurance have accident forgiveness?

Yes, Erie Insurance has First Accident Forgiveness. This coverage is for a driver who has been a customer for three years and had the first accident so there won’t be any extra charges. It only applies once.

What is Erie diminishing deductible option?

Erie offers diminishing deductible, which is a type of coverage that reduces your deductible by $100 for every consecutive claims-free policy year, up to a maximum of $500.

Does Erie car insurance have ridesharing coverage?

Erie Insurance offers Rideshare Insurance, which covers you during every part of the trip - before, during and after the hired ride.

How does Erie homeowners insurance replacement cost work?

Erie homeowners insurance replacement cost will pay you for the full cost of rebuilding your house back to its previous size and specifications. This kind of coverage is not available in all states, so please check with an Erie agent to see if you live in a covered area.

Erie Insurance Products

Car InsuranceMotorcycle Insurance
Recreational Vehicles InsuranceBoat Insurance
Collector and Classic Car InsuranceOff-Road Vehicle Insurance
Homeowners InsuranceMobile Home Insurance
Condominium InsuranceRenters Insurance
Personal Valuables InsuranceFlood Insurance
Life InsuranceRetirement
Personal Catastrophe Liability InsuranceIdentity Theft Recovery Coverage
Medicare SupplementLong-Term Care Rider Insurance
Business InsuranceBusiness Auto Insurance
Brewery, Winery, Distillery InsuranceContractors
Landlord & Property OwnersManufacturers Insurance
Offices & Professional ServicesRestaurants
RetailRisk Control Services
Wholesalers DistributionWorkers’ Compensation

Erie Auto Insurance Coverage

Bodily Injury Liability

This form of coverage is required in every state. It covers bodily injuries to a third party in an accident that was deemed your fault.

Property Damage Liability

This form of coverage is required in every state. It covers property damage and loss of use to a third party.

Uninsured/Underinsured Motorist

This form of coverage covers damages when the other party is at fault but is either uninsured or underinsured.

Comprehensive Coverage

This coverage pays for damages and loss other than that caused by a collision. It is subject to a deductible.

Collision Coverage

his coverage pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.

Rental Car Coverage

This coverage takes care of renting a vehicle while yours is being repaired.

Roadside Assistance

This coverage helps you get back and driving if you have a roadside breakdown.

Erie Rate Lock

This coverage guarantees that your rates will only change if you add or remove a vehicle or a driver or move.

First Accident Forgiveness

This coverage is for a driver who has been a customer for three years and had the first accident. It only applies once.

Diminishing deductible

This coverage reduces your deductible by $100 for every consecutive claims-free policy year, up to a maximum of $500.

Feature Fifteen

This coverage guarantees that you won’t face an increase in rates after an at-fault accident. It applies to those who have been a loyal customer for 15 years or more.

New car protection

This coverage is for vehicles less than two years old that are considered a total loss after an accident. Erie Auto will replace it with a new one of the latest model year.

Locksmith services

This coverage takes care of sending you a locksmith to help if you get locked out of your vehicle.

Personal item coverage

Additional coverage for personal items inside your vehicle.

Pet coverage

This form of coverage covers veterinary care for pets injured in your vehicle in an accident, up to $1,000

Discounts

Multi-Policy DiscountDriver Training Discount
Advance Quote DiscountAge 55 Discount
Multi-Vehicle DiscountNew Vehicle Discount
Paid in Full DiscountSafety Features Discount
Teen Driver DiscountStudent Discount
Young Driver Loyalty DiscountSafe Driver Discount
Prior Bodily Injury Limits (BIL) DiscountReduced Usage Discount

Erie Auto Insurance Rates by State

Below is a list of the average rates that drivers typically pay with Erie. On average, Erie charges approximately $115.00 per month. The cheapest state average is North Carolina at $80.15 per month followed by Ohio at $81.80 per month. The most expensive state average is New York at $154.82 per month.

State Avg monthly rate
IN $82.92
MD $139.50
NC $80.15
NY $154.82
OH $81.80
PA $100.38
State Avg monthly rate
TN $113.75
VA $85.43
WI $89.11
WV $94.79

Erie Auto Insurance Rates by Vehicle

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

Number of Vehicles Avg Monthly Rate
1 Vehicle $113.26
2 Vehicles $119.95
3 Vehicles $156.39
4 Vehicles $167.14
6 Vehicles $187.02
5 Vehicles $283.03

Erie Auto Insurance Rates by Homeownership

Customers who own their home rather than rent can sometimes get a small discount. We found that on average Erie charges $98.54 per month for drivers who own their home and $120.97 per month for those who rent.

Own/Rent Avg Monthly Rate
Own $98.54
Rent $120.97

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/

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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