How does the Erie payment perk discount work? This question is about Erie Insurance

How does the Erie payment perk discount work?

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This question is about Erie Insurance

McKayla Girardin, Car Insurance Writer

@mckayla_girardin • 12/17/21 This answer was first published on 12/17/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Erie insurance payment perk discount is a discount for paying annual premiums in one lump sum. Erie does not disclose how much their payment perk discount is, but the average pay-in-full discount ranges from 6% to 14%. Erie offers a wide range of discounts which can help make their already inexpensive premiums even more affordable.

Erie Insurance offers discounts for things like:

Having multiple policies through them.
Your vehicle being in storage.
Having anti lock brakes, airbags, and other safety features.
Taking an approved driver safety course.

To learn more, check out Erie’s profile and read WalletHub’s full review of Erie Insurance.

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People also ask

How much is the Erie good driver discount?

Erie does not offer a good driver discount, but drivers can earn rewards worth up to $10 every two weeks by using YourTurn, the company’s telematics program. YourTurn tracks a driver’s habits on the road, like their acceleration and braking, and determines the exact reward based on the driver’s score.

… read full answer

Good drivers can also benefit from Erie’s diminishing deductible program, known as the Auto Enhancement Endorsement. For each consecutive year that a driver goes without filing a claim, the endorsement reduces their collision deductible by $100, up to a maximum amount of $500. However, eligibility for the program varies by state.

If you can’t qualify for YourTurn or the Auto Enhancement Endorsement, there are still other ways for you to save on your premium. For example, Erie offers a multi-vehicle discount for drivers who insure more than one car on their policy.

To learn more, check out WalletHub’s guide to Erie discounts.

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How do I get the Erie safe driver discount?

Erie does not offer a safe driver discount. The closest thing Erie Insurance has to a safe driver discount is its telematics program YourTurn, which tracks driving habits like braking and acceleration, and rewards safe drivers with up to $10 every two weeks. But there is no safe driver discount that directly reduces a driver’s premium.… read full answer

Even though Erie doesn’t offer a safe driver discount, you can still take advantage of other opportunities to save on your rate. For example, Erie offers a multi-car discount for drivers who insure two or more vehicles on their policy.

To learn more, check out WalletHub’s guide to Erie discounts.

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Does Erie offer a new car discount?

No, Erie does not offer a new car discount, unlike three of the 10 largest car insurance companies. But policyholders can still find other ways to lower their Erie premium, such as by taking advantage of their multi-car discount, safe driving discount, or reduced usage discount.

For more information about saving on your insurance, check out WalletHub’s complete guide to … read full answer Erie discounts.

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