Erie car insurance received an overall customer satisfaction score of 87.1 in our annual consumer study and 93% of its surveyed policyholders say they will renew their auto policies. Based in Erie, Pennsylvania, Erie Insurance holds 1.24 percent of the market share in the U.S., which ranks it 12th nationally in market share for auto insurance providers. Erie sells auto insurance policies in 12 states and Washington, D.C.
Erie Insurance background:
Erie Insurance was founded by two entrepreneurs, H.O. Hirt and O.G. Crawford, in 1925 in Erie, Pa. They started their insurance exchange with the Golden Rule -- "Do unto others as you would have them do unto you" -- and their business plan written on a 10-cent tablet.
They raised enough money to open on April 20, 1925. Within three years, they were expanding. They opened a second office in Pittsburgh, Pa., in 1928.
In 1934, Erie introduced the "Super Standard Auto Policy," which included many features that since have become industry standards.
In 1953, the company expanded beyond Pennsylvania, opening an office in Silver Spring, Md.
Today it has operations in 11 states and the District of Columbia. Those states are: Illinois, Indiana, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin.
Erie Insurance is a publicly held company. It is the third largest auto insurer in Pennsylvania. Fortune magazine lists Erie as among the largest 500 U.S. companies in terms of revenue.
Erie has more than 4,480 employees who work at the company's headquarters in Erie and in its field offices.
Erie offers numerous discounts including for safe driver, multi-car, anti-theft devices, driver training for young and old and reduced usage.