Candace Baker, Car Insurance Writer
@candacebaker
Erie is so expensive because of agent commissions and rising costs overall for insurance companies. At $1,123 per year, the average Erie car insurance policy is a lot more expensive than the national average of $671 per year for a policy with minimum coverage.
Erie insurance is even more expensive for drivers with certain characteristics, including young drivers and drivers who have recently caused an accident. For example, teenagers pay an average of $5,110 per year for Erie insurance, compared to $1,185 per year for older drivers. Additionally, drivers who have recently had an at-fault accident pay an average of $1,685 per year for Erie coverage, which is 50% more than drivers with a clean record.
Factors That Can Make Erie Insurance More Expensive
- Commissions for agents
- Rising costs overall for insurance companies
- 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 having trouble affording your Erie policy, there are ways for you to lower your premium. 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 insurance company.
To learn more, check out WalletHub's Erie insurance review.
People also ask
How can I lower my Erie car insurance?
You can lower your Erie car insurance costs by taking advantage of Erie discounts, opting for a higher deductible, and reducing your coverage, among other things. Erie considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
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