Erie Insurance review

Erie Insurance is a regional carrier, so the first step is checking whether it sells in your state. If it does, ERIE Rate Lock is the reason to quote it: your rate changes only when you add or remove a vehicle or driver or move where the car is garaged, which protects you from general rate rises that hit other carriers' customers at renewal. The standard policy also lists extras that cost more elsewhere, including personal item coverage up to $350 and locksmith costs up to $75. First Accident Forgiveness applies after three years as a customer, and the optional Diminishing Deductible drops $100 for each claims-free year, up to $500. Multi-policy discounts run from 15% to 25% depending on state, and teens who finish teenSMART can get up to 20% off. Erie sells through more than 14,500 agents rather than online. We compared documented features and published prices.

Who it is for

Drivers in Erie's states who want stable rates

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• ERIE Rate Lock: rates change only if you add or remove a vehicle or driver or change where the car is kept
• First Accident Forgiveness after three years as a customer
• Diminishing Deductible that drops $100 for each claims-free year, up to $500
• Personal item coverage up to $350 and locksmith costs up to $75
• Multi-policy discounts of 15% to 25% when you insure auto and home

Strengths and weaknesses

• Strength: Rate Lock is a pricing feature no other insurer here documents
• Strength: Typical multi-policy discount of around 20%
• Strength: Up to 20% off for teens who complete the teenSMART program
• Weakness: Not sold in every state; check Erie's states of operation first
• Weakness: Sold through agents, with no instant online purchase
• Weakness: Our checks could not load a USD price from Erie's site, so its price is pending

Key facts

• Rate stability: ERIE Rate Lock (ERIE Rate Protect in NY)
• Accident forgiveness: After 3 years as a customer
• Multi-policy discount: 15% to 25%
• Agents: More than 14,500
• Retention: More than 87% stay year after year (Erie)

Where it ranks

Erie Insurance is No. 4 in our Best Car Insurance Companies verdict.