Why is Esurance so cheap? This question is about Esurance

Esurance is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Esurance costs an average of $60 per month, and Esurance premiums can be made even cheaper by taking advantage of discounts such as safety features discounts and roadside assistance discount. Plus, Esurance rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto. Average Monthly Rates for Esurance vs. Top Competitors Company Minimum Coverage Full Coverage Esurance $60 $129 State Farm $77 $218 Progressive $54 $168 Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary. Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though Esurance is among the cheapest car insurance companies, the only way to confirm you’ve found the lowest price is to compare quotes from multiple companies. To learn more, check out WalletHub’s review of Esurance and see Esurance’s full profile.

Ad Disclosure Ad Disclosure

Why is Esurance so cheap?

Answer Question Report Abuse

This question is about Esurance

see this user

McKayla Girardin, Car Insurance Writer

@mckayla_girardin • 04/22/22 This answer was first published on 04/22/22. 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.

Permalink Report Abuse

Esurance is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Esurance costs an average of $60 per month, and Esurance premiums can be made even cheaper by taking advantage of discounts such as safety features discounts and roadside assistance discount. Plus, Esurance rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.

Average Monthly Rates for Esurance vs. Top Competitors

Company	Minimum Coverage	Full Coverage
Esurance	$60	$129
State Farm	$77	$218
Progressive	$54	$168

Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.

Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though Esurance is among the cheapest car insurance companies, the only way to confirm you’ve found the lowest price is to compare quotes from multiple companies.

To learn more, check out WalletHub’s review of Esurance and see Esurance’s full profile.

Answer Question

How can I get cheaper car insurance?

The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.

10 Ways to Get Cheaper Car Insurance

1. Compare quotes every 6-12 months.

Every car insurance company calculates premiums slightly differently,...

read full answer

Why did my Esurance rate go up?

Your Esurance rate could have gone up for many reasons, such as a recent claim or a new driver being added to the policy. Other factors that could cause Esurance to raise your rate include getting into an accident, being convicted of a moving violation, and adding coverage to your policy. Esurance may also raise your premiums for reasons that are beyond your control, such as recent natural disasters, increasing repair and healthcare costs, and...

read full answer

Does Esurance use telematics?

Yes, Esurance uses telematics through DriveSense, a program that tracks a customer’s driving habits using the mobile app. Customers can sign-up for DriveSense and receive a discount if they consistently practice safe driving.

What Esurance Telematics Tracks

Miles driven
Speed
The time of day that you drive
Braking

In order to use DriveSense, drivers need to enroll in the program and install the mobile app, which will...

read full answer

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.