How much is full coverage car insurance with Erie?

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.

Cheapest Full Coverage Insurance Companies

1. Esurance - $1,548 per year
2. Geico - $1,675 per year
3. Mercury - $1,919 per year
4. USAA - $2,002 per year
5. Progressive - $2,016 per year

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 Full Coverage vs. Other Types of Insurance

To learn more about Erie’s coverage options, check out WalletHub’s full review of Erie.

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

• Being a young or inexperienced driver
• Purchasing a full coverage policy versus minimum coverage
• Causing an accident or being convicted of a moving violation
• Living in a high-risk ZIP code
• Driving an expensive vehicle
• Having a poor credit-based insurance score

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.

To learn more, check out WalletHub’s Erie insurance review.