How many times have you said it's time to compare lower-priced auto insurance rates in Erie, PA? Erie consumers have many options when looking for affordable car insurance. You can either waste hours contacting agents to compare prices or utilize the internet to find the lowest rates. There is a better way to shop for auto insurance so you're going to learn the quickest way to compare rates for your and obtain the cheapest rates from Erie insurance agents and online providers.
It's a good idea to get comparison quotes periodically since prices go up and down regularly. Just because you had the best rates on auto insurance two years ago a different company probably has better premium rates today. You'll find quite a bit of inaccurate information about auto insurance online, but in this article, you're going to get some good information on how to quit paying high auto insurance rates in Erie.
Components of your auto insurance rates
Multiple criteria are used when you quote your car insurance policy. Some are pretty understandable like an MVR report, although others are less apparent such as your credit history or how financially stable you are. It's important that you understand some of the factors that play a part in calculating insurance rates. If you have some idea of what impacts premium levels, this empowers consumers to make smart changes that could result in much lower annual insurance costs.
Shown below are some of the major factors companies use to determine premiums.
- Companies want multiple policies - Most larger companies provide lower prices to clients that buy multiple policies such as combining an auto and homeowners policy. This can amount to ten or even up to twenty percent in some cases. Even with this discount, it's always a smart idea to check prices from other companies to verify if the discount is saving money. Consumers may save money even if you have your coverage with different companies
- Age of drivers impacts costs - Older people tend to be more responsible, cause fewer claims and accidents, and tend to be get fewer driving tickets.Teenage drivers are statistically proven to be inattentive behind the wheel so they pay higher insurance rates.
- No claims equals cheaper rates - Car insurance companies in Pennsylvania generally give most affordable rates to drivers who do not rely on their insurance for small claims. If you file a lot of claims you can expect higher premiums or even policy non-renewal. Auto insurance is intended for major claims that would cause financial hardship.
- How much liability protection - A critical coverage on your policy, liability insurance is the coverage that protects you if ever you are found liable for damages from an accident. It will provide legal defense coverage which can cost a lot. Liability insurance is pretty cheap compared to physical damage coverage, so buy as much as you can afford.
- Alarm systems save money - Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent your car from being stolen.
- If you don't need it don't buy it - There are quite a few optional add-on coverages you can purchase if you aren't diligent. Coverages like vanishing deductibles, death and dismemberment, and membership fees are examples of these. These may sound like a good investment at first, but your money might be better spent on other coverage so get rid of them and save.
Getting low cost car insurance pricing isn't really that difficult. The only requirement is to spend a little time to compare rate quotes from online providers.
The following companies provide free rate quotes in Pennsylvania. To locate cheaper auto insurance in PA, we suggest you get rate quotes from several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LTZ AWD||$1,210||$605||$101|
|Chevrolet Malibu Hybrid||$1,036||$518||$86|
|Chevrolet Silverado LS Regular Cab 2WD||$970||$485||$81|
|Dodge Grand Caravan Crew||$1,200||$600||$100|
|Dodge Ram Quad Cab Sport 4WD||$1,154||$577||$96|
|Ford Edge SE 2WD||$806||$403||$67|
|Ford Escape XLS 4WD||$1,064||$532||$89|
|Ford Explorer Limited 2WD||$936||$468||$78|
|Ford F-150 Lariat King Ranch 4WD||$1,264||$632||$105|
|Ford Focus SES 2-Dr Coupe||$878||$439||$73|
|GMC Sierra SL Crew Cab 4WD||$1,106||$553||$92|
|Honda Accord LX 4-Dr Sedan||$876||$438||$73|
|Honda CR-V LX 2WD||$738||$369||$62|
|Honda Civic SI 4-Dr Sedan||$1,108||$554||$92|
|Jeep Grand Cherokee SRT-8 4WD||$1,246||$623||$104|
|Nissan Altima 2.5 S 4-Dr Sedan||$970||$485||$81|
|Toyota Camry LE||$766||$383||$64|
|Toyota Corolla LE||$1,396||$698||$116|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate information does not factor in Erie location which can lower or raise coverage prices greatly.
Gender differences in auto insurance premiums
The information below visualizes the comparison of insurance rates for male and female drivers in Erie. The costs are based on a clean driving record, no at-fault accidents, comp and collision included, $100 deductibles, drivers are single, and no policy discounts are applied on a Ford Focus SE.
Ford Focus rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Rate comparison for different deductibles
The example below illustrates how choosing a deductible and can influence Ford F-150 insurance rates for different categories of driver ages. The information is based on a married male driver, full coverage, and no policy discounts are applied.
Ford F-150 rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you buy full coverage?
The information below examines Honda Civic premium costs when comparing full coverage to state minimum liability only. The prices are based on no claims or driving violations, $250 deductibles, married male driver, and no discounts are applied.
Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.
Guidelines for eliminating full coverage
There is no exact formula for excluding comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let's say your Honda Civic replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying your deductible. If it's costing you more than $600 annually for full coverage, then it might be time to buy liability only.
There are a few cases where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Protect more than your vehicle
Even though it can be expensive, auto insurance serves a purpose in several ways.
- Just about all states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability coverage in order to get the vehicle licensed. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your vehicle with a loan, most banks will stipulate that you have insurance to guarantee payment of the loan. If the policy lapses, the bank or lender will purchase a policy for your vehicle at a much higher rate and force you to pay the higher price.
- Auto insurance protects both your assets and your vehicle. It also can pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to repair the damage.
The benefits of insuring your vehicle greatly outweigh the cost, particularly if you ever have a claim. Despite what companies tell you, the average driver is overpaying more than $750 every year so you should quote and compare rates once a year at a minimum to help ensure money is not being wasted.
Discounts to earn lower Erie auto insurance rates
Car insurance is not cheap, but you may find discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied at the time of purchase, but some need to be asked about in order for you to get them. If you aren't receiving every discount you deserve, you may be paying too high a price.
- Lower Rates for Military - Being on active deployment in the military could be rewarded with lower premium rates.
- Good Students Pay Less - Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
- Student Discount for Driver Training - Require your teen driver to successfully complete driver's ed class as it will make them better drivers and lower rates.
- Senior Citizen Rates - Older drivers may qualify for a small discount on rates.
- Clubs and Organizations - Belonging to certain professional organizations can get you a small discount on your next renewal.
As a footnote on discounts, most of the big mark downs will not be given to the entire cost. Most only cut specific coverage prices like comprehensive or collision. Just because it seems like all the discounts add up to a free policy, companies wouldn't make money that way.
Insurance companies that have these discounts include:
Before you buy a policy, ask each insurance company to apply every possible discount. Some of the discounts discussed earlier might not apply everywhere. To see a list of auto insurance companies with discount rates in Erie, click here to view.
Compare rates but still have a local Erie insurance agent
A lot of people would rather buy from a local agent and doing so can bring peace of mind Agents can help you build your policy and give you someone to call. The biggest benefit of comparing insurance prices online is the fact that drivers can get better rates and still buy from a local agent.
For easy comparison, once you complete this quick form, your coverage information is instantly submitted to local insurance agents that give free quotes and help you find cheaper coverage. You don't have to drive around as quotes are delivered to your email. If for some reason you want to compare rates from a particular provider, you would need to go to their quote page and give them your coverage information.
Picking the best company shouldn't rely on just the quoted price. Get answers to these questions too.
- Will you get a loaner vehicle if you car is being repaired?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- What kind of financial rating does the company have?
- Who is covered by the car insurance policy?
- Does the agent help file claims?
- How is replacement cost determined on your vehicle?
Types of car insurance agents in Erie
If you want to use a reliable insurance agent, you need to know there are two types of insurance agents and how they can quote your rates. Insurance agents can be classified as either exclusive or independent (non-exclusive). Either one can do a good job, but it's worth mentioning how they are different since it can impact buying decisions.
Exclusive agencies work for only one company like Farmers Insurance, State Farm, or Allstate. Exclusive agents are unable to provide rate quotes from other companies so it's a take it or leave it situation. Exclusive insurance agents are trained well on their products and sales techniques which helps them compete with independent agents. Drivers often choose to use a exclusive agent partially due to high brand loyalty and the convenience of having a single billing for all their coverages.
Shown below are Erie exclusive insurance agencies that can give you price quote information.
- Doug Cornelius - State Farm Insurance Agent
864 Silliman Ave - Erie, PA 16511 - (814) 899-1112 - View Map
- State Farm Insurance
3404 State St - Erie, PA 16508 - (814) 455-4698 - View Map
- Natalie Braddock - State Farm Insurance Agent
1338 E 38th St - Erie, PA 16504 - (814) 825-3186 - View Map
These type of agents are normally appointed by many insurers so they can write business through many different insurance companies and find you the best rates. If they find a lower price, the agent simply finds a different carrier which is easy for the insured.
When comparing rate quotes, you definitely need to get rate quotes from a few independent agents for the best price selection. Most independent agents also contract with smaller regional carriers that may have much lower rates than larger companies.
Listed below is a list of independent insurance agencies in Erie that are able to give rate quotes.
- Cronk and Wisniewski Insurance Agency
3838 W 12th St - Erie, PA 16505 - (814) 456-7501 - View Map
- Mark Bruns Agency
4420 Peach St - Erie, PA 16509 - (814) 866-8671 - View Map
- Chase Insurance Agency Inc
712 Maryland Ave - Erie, PA 16505 - (814) 452-2723 - View Map
You may need specialized insurance coverage
When quoting and choosing proper insurance coverage for your vehicles, there is no best way to insure your cars. Everyone's situation is unique.
Here are some questions about coverages that could help you determine if your insurance needs might need an agent's assistance.
- Will I be non-renewed for getting a DUI or other conviction?
- Are all vehicle passengers covered by medical payments coverage?
- Does car insurance cover theft of personal property?
- Should I waive the damage coverage when renting a car?
- Are my friends covered when driving my vehicle?
- Do I have coverage when pulling a U-Haul trailer?
- Why do I only qualify for high-risk insurance?
If you're not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don't have a local agent, simply complete this short form. It is quick, free and can help protect your family.
The best insurance company isn't always the cheapest
More affordable auto insurance in Erie is attainable online and from local agencies, and you should compare rates from both in order to have the best chance of saving money. Some auto insurance companies may not have the ability to get a quote online and usually these smaller providers work with independent insurance agencies.
In this article, we covered many ways to compare auto insurance car insurance rates in Erie. It's most important to understand that the more times you quote, the better your chances of lowering your premium rates. Drivers may even discover the best car insurance rates are with a lesser-known regional company.
Drivers leave their current company for a variety of reasons including an unsatisfactory settlement offer, policy non-renewal, being labeled a high risk driver and poor customer service. Regardless of your reason, switching companies can be pretty painless.
- Help Your Teen Be a Better Driver (State Farm)
- How Much is Car Insurance for College Students in Pennsylvania? (FAQ)
- Who Has the Cheapest Auto Insurance for a Nissan Rogue in Pennsylvania? (FAQ)
- Who Has Affordable Auto Insurance for Government Employees in Pennsylvania? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Learn About Car Insurance (GEICO)
- All About Airbag Safety (State Farm)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)