Erie Home Insurance Reviews And Ratings
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HOW WE WEIGH OUR SCORE
- Claims 20%
- Price 35%
- Customer_service 25%
- Recommend 5%
- Renew 5%
- Website_app 10%
WHAT IS THIS RATING?
A.M. Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations.
A.M. Best's rating is NOT used to calculate the overall score but it is important information to consider when choosing an insurance company.
AM best effective from: July 01, 2021 A+About Erie Home Insurance
In 1925, The Pennsylvania Insurance Department issued a license to the Erie Insurance Exchange, and they started operations on April 20, 1925.
By 1928 Erie started to expand outside of Erie, Pa., opening an office in Pittsburgh and in 1940, they added a new line of coverage, fire insurance. In 1946, Erie reached $1 million in annual premiums and two years later, they reached their second million.
In 1953, Erie expanded outside of Pennsylvania, opening an office in Silver Spring, and from 1956 to 1960, Erie’s premiums doubled to nearly $14.5 million.
As 1968 rolled around, Erie Family Life was writing insurance in Pennsylvania, Maryland, Virginia, West Virginia, Ohio and the District of Columbia. In 1975, Erie celebrated its 50th anniversary and had $108.4 million in net premiums and 808,000 policyholders.
By 1977, Erie became the largest Pennsylvania-based auto insurer in the state.
Jumping to 2009, Erie held more than 4 million policies in force and in 2015, Erie celebrated 90 years in business and 5 million policies in force.
Types of Coverages Offered by Erie Home Insurance
- Dwelling
- Personal property
- Medical payments to others
- Personal liability
- Additional living expenses
Discounts Offered by Erie Home Insurance
- ERIE Rate Lock®
- Multi-policy discounts
- Fire alarms, burglary alarm and sprinkler system discounts
- Safety savings
- Payment perks
- Advanced quote discount
Additional Coverages Offered by Erie Home Insurance
- Renters
- Condo
- Mobile home
- Personal Valuables
- Flood
- Auto
- Motorcycle
- Boat
- Classic car
- Off-road and ATV
- Life
- Identity Theft
- Medicare supplement
- Personal catastrophe
- Business
Best Home Insurance Companies 2021: Erie
We help cover your life better.
How Erie compares
Erie earned a four-star InsureScore in our annual Best Home Insurance Companies review. Their highest scores, at four stars, were in price, customer service and website & apps.
Ninety-one percent of customers surveyed said they planned to renew their policies with Erie and 89% of customers said they would recommend Erie to a friend.
How likely customers would recommend this company?
Customer Complaint Ratio
The complaint data is gathered from the NAIC Complaint Index, which collects complaint information from state insurance regulators and then compares a company’s performance to other companies in the same insurance market. The national average is always calculated to be 1.00; those above 1.00 are worse than the national average and those below are better (have less complaints) than the national average. Read more at the NAIC website.
Note: Many companies have a variety of subsidiaries listed with the NAIC, the one rated here may be different than the one that writes your policy. Check with your company/agent for specific information.
