Esurance is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $719 per year, the average Esurance car insurance premium is actually about the same as the national average of $720.
Even though Esurance offers average rates, its premiums can get expensive for drivers with certain characteristics. For example, teenagers pay an average of $2,756 for Esurance insurance, compared to $744 for older drivers. Additionally, drivers who recently had an at-fault accident pay an average of $1,103 for Esurance coverage, which is 53% more than drivers with a clean record.
Factors That Can Make Esurance 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 Esurance insurance, there are ways for you to lower your rate. For example, you can take advantage of Esurance 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 Esurance 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 Esurance insurance review.
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.