Erie Insurance Review

Complete Erie Insurance Review With Pros & Cons

Erie insurance firm is quite renowned amongst the people, thus making it an excellent option to consider while opting for an insurance company. People are content with the performance that the firm has been up to. Erie’s service is available in only 13 states in the U.S.A, including Washington DC. 

Pros and Cons

No matter how excellent a firm’s ratings are, it is always accompanied by a set of pros and cons. This set of the same stuff is one and the only way in which we as clients can understand if the services being provided are meant for us or not. Here’s a list of pros:

  • There are very few consumer complaints regarding house as well as life insurance.
  • There are several benefits and coverage choices provided by Erie.

The only con that we feel is attached to this firm is that the insurance firm is not available across all the country’s states and is limited to number 13. 

Ratings

Erie auto insurance has received a rating of 4.5 out of 5 stars for its incredible performance overall. In giving out a particular rating, many factors play a role, namely: ricing and discounts provided, simplicity in the procedure of making a claim, transparency available via the website, financial soundness, the statistics for complaint from the National Association of Insurance Commissioners, as well as various other factors. 

Deliberate what you want

Before you get auto insurance for yourself, make sure that you have decided and deliberated well upon what you want out of that particular insurance! Under the law, you need to possess insurance for your vehicle. However, the minimum coverage set differs from one state to another. One may also go for full coverage insurance in case of a requirement for more protection. You may think of full coverage as a collection of various categories of coverage such as liabilities, accidents, and comprehensive insurance.

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Types of car insurance available

There is a variety of auto insurance available in the market, out of which there are a few that are very common, so here’s a brief explanation for a better understanding:

  • Comprehensive coverage:

Repair expenditures incurred due to circumstances beyond one’s control, such as weather, striking an animal while driving, theft, or vandalism.

  • Liability for bodily harm and property damage:

Costs associated with injuries, fatalities, or property damage due to an accident caused by you. This is must-have insurance.

  • Collision insurance:

Repair costs involving accidents incurred in traffic, irrespective of who is to blame.

  • Coverage for uninsured or underinsured motorists:

Health and property damage charges following a collision with a motorist who has little or no coverage.

More about packages

Erie provides packages with various add; note, it’s not mandatory to get those extras in each state. For example, pet injury coverage and accident forgiveness. There are various kinds of packages available, like:

  • Comprehensive auto insurance

Suppose you go for this insurance package by Erie. In that case, you get hands-on perks such as coverage of personal items within the car, glass repairing costs, and lock service if you forget your keys inside the vehicle. 

  • Auto Plus insurance

This package is a great deal and has several additional benefits too, however, as stated previously. It depends from one state to another. There are many benefits received by the insured under this particular package. These benefits are namely: 

  1. Rental car coverage for some time post-accident
  2. In case of death under a covered accident, a death benefit is provided for a sum of $10,000 per person.
  3. More sum limit on coverages for locks and personal items.
  4. Any accident within the house premise due to the vehicle is covered.

Along with all these packages, a few quirky and attractive add includes:

  • Rideshare coverage
  • Rate lock of insurance
  • Better car protection coverage
  • Rental car coverage 
  • New car protection

To get an in-depth understanding of all these perks, you may want to get into a bit of research and details of the same.

Discounts

There are a variety of discounts that the firm provides. Depending on your eligibility criteria, you may quickly get access to the same. However, as mentioned above, these discounts may not be available in all the states and are restricted to the locality. 

Guide for buying an auto insurance 

Before you buy one insurance, make sure you’ve done enough research about the firm and their benefits along with their competitors, and then go for things as per your need!

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Erie homeowners insurance

This insurance is similar to homeowners insurance provided by any other firm. Nonetheless, it has certain more perks, namely:

  • Coverage for theft or loss
  • Coverage from animals
  • Replacement cost in case of any damage or destruction

You’d be amused to know there are a variety of add on-s available, coverage for items that are hard to replace, jewelry, water backup, etc. Along with the packages and benefits, there are specific discounts that a person may get their hands on.

Life Insurance

Erie too provides life insurance of all kinds, i.e., term, universal and whole. The term can range from 5 years up to 30 years (at 5,10,15,20, and 30). 

Complaints and satisfaction

Erie has an excellent performance, and that is apparent from its ratings. Even according to the data that has been collected over the past three years by the National Association of Insurance Commissioners, the firm has had received less than the anticipated number of complaints- home and life insurance. However, the number of complaints has been more for auto insurance. Nonetheless, according to J.D. Power’s customer satisfaction studies, the ratings of Erie’s insurance are above average.

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