WalletHub, Financial Company
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Erie car insurance costs an average of $2,593 per year ($216 per month) for a minimum-coverage policy, which is more than the national average of $720 per year. The exact cost of auto insurance with Erie depends on factors such as a driver’s history on the road, age, state, and coverage limits. For example, full coverage insurance from Erie costs an average of $5,066 per year.
Average Cost of Erie Car Insurance by Category
Category | Average Premium |
Minimum Coverage | $2,593 per year |
Full Coverage | $5,066 per year |
Young Driver | $4,635 per year |
Senior Driver | $1,780 per year |
Note: Premiums are based on drivers in New York, as it is the most populous state and has average rates compared to the rest of the country. Young drivers are 16-20 years old, and senior drivers are 55-65 years old. Actual rates will vary.
Erie determines car insurance rates by considering the likelihood of the driver filing a claim in the future. Some drivers, like teens or drivers who recently caused an accident, are considered to be especially high-risk, so they’re charged higher rates than the average policyholder. The good news is that Erie offers several discounts that drivers can use to save on their rate, including a multi-vehicle and multi-policy discount.
To see how much a Erie policy will cost you, you can go online or call (800) 458-0811. You can also learn more by checking out WalletHub’s Erie car insurance review.
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