Full coverage car insurance with Erie costs an average of $422 per month ($5,066 per year). Full coverage policies from Erie typically include comprehensive and collision coverage, along with any other types of insurance required by state law, such as liability insurance or uninsured motorist coverage.
Average Cost of Full Coverage Car Insurance with Erie
Premiums are representative of a good driver; individual premiums will vary.
A full coverage car insurance policy from Erie costs more than the national average full coverage insurance premium ($351 per month). Erie full coverage is 87% more expensive than a minimum coverage policy from Erie, on average.
Full coverage insurance costs $1,997 per year or $166 per month, on average. Full coverage car insurance is more expensive than the legal minimum auto insurance coverage because full coverage usually includes collision and comprehensive insurance as well as the minimum coverage required by a state.
The cost of full coverage car insurance varies based on the state, the driver’s chosen coverage limits, the driver’s risk factors, and the vehicle’s value. Additionally, … read full answercomprehensive and collision insurance are subject to a deductible, and drivers can select a higher deductible in return for a lower premium. Drivers can also minimize the cost of full coverage car insurance by comparing rates and checking for discounts.
Erie full coverage auto insurance covers liability claims, collision damage regardless of fault, and non-accident damage from things like animals and severe weather. Full coverage always includes liability insurance, collision insurance, and comprehensive insurance.
The definition of full coverage changes depending on the minimum requirements of your state. In some states, Erie full coverage may also include uninsured/underinsured motorist coverage (UM/UIM), personal injury protection (PIP), and/or medical payments coverage (MedPay). … read full answer
On average, Erie full coverage insurance costs $5,066 per year, compared to the national average cost for full coverage of $1,992 per year.
Erie is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $481 per year, the average Erie car insurance policy is actually cheaper than most national competitors. In fact, Erie ranks third in WalletHub’s analysis of the 10 cheapest car insurance companies.… read full answer
Even though Erie offers cheaper-than-average rates, its premiums can get expensive for drivers with certain characteristics. For example, teenagers pay an average of $1,509 for Erie insurance, compared to $507 for older drivers. Additionally, drivers who recently had an at-fault accident pay an average of $650 for Erie coverage, which is 35% more than drivers with a clean record.
Factors That Can Make Erie Insurance More Expensive
If you’re struggling to afford your Erie insurance, there are ways for you to lower your rate. For example, you can take advantage of Erie discounts or reduce your coverage.
In some cases, it might be better to switch insurers altogether. It’s usually a good idea to compare quotes from at least three different insurers to see if you can find a better deal elsewhere. Each insurer uses its own algorithm to calculate premiums, so even if Erie is charging you a high premium, you may be able to find a cheaper policy with another insurer.
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