If you are one of the millions of people that are shopping for auto insurance you know that there are an overwhelming amount of options and an overwhelming amount of avenues to consider when it comes to auto insurance. You literally cannot go a day of your life without somehow seeing an advertisement for an auto insurance provider telling you to call, go online or stop by a local office. Every company claims to offer something different or save you money so it’s easy to get caught up in the factors that insurance provider wants you to consider and lose sight of what is really important which is quality protection to fit you personally at a fair price. This blog should help tell you everything you need to know about Erie Insurance and whether or not you should consider them for your auto insurance protection.
About Erie Insurance
In a sea of consistent, sometimes funny, sometimes annoying auto insurance advertisements it is unlikely that you have seen advertisements for Erie auto Insurance. So, let’s get a little background on the company itself. Erie Insurance started in 1925 in Erie, Pa. The initial founders wanted to differentiate themselves through customer service and the company slogan to this day is “Above all in Service.” Erie specializes in auto, home, life and business insurance in 14 states including VA, MD and DC. They will still pay for claims that occur outside of those states for a client that is out of town but they only write policies in those 14 states. When an insurance company only writes business in a certain area this is called being a “Regional carrier.” Typically, these insurance providers are smaller but Erie Insurance has found the perfect size that allows them to deliver excellent service with a small town touch. They are currently a $4 billion company. They intentionally only write business in certain states to help prevent huge claims from things like Hurricanes in Florida or Tornados in the mid-west. By keeping their loss ratio, or the amount of money they pay out in claims, under control they can add more and more value to their existing clients. Additionally, Erie Insurance doesn’t spend a lot of money advertising because it saves those millions of dollars and instead invests it providing a better service experience to its clients. There is no wonder why Erie Insurance claims handling is among the best in the industry year after year.
Will my pricing be competitive?
Erie is a highly efficient insurance company that focuses on not wasting the money it brings in. In fact, in the Erie Insurance exchange, one of the Erie Insurance companies they vow to only spend $.25 of eve dollar on all their expenses leaving more money than almost any other insurance company to paying claims. In addition, Erie auto insurance’s target market is designed around the top tier drivers. They try to insure drivers that don’t have many tickets or accidents on their driving history instead of insuring the masses. By only insuring the top tier drivers there are less Erie Insurance accidents, less Erie Insurance claims, and less Erie Insurance dollars paid out. The less money they pay out the lower pricing they can charge their clients and still be a profitable business. If you are a good driver, Erie Auto Insurance will be the best option for you! All insurance companies offer their most competitive pricing to good drivers but when you only offer your insurance to good drivers the company doesn’t have to worry about making up the difference for their bad drivers and can charge less. At Bridge First Insurance, We consistently save good drivers money with Erie Insurance and that’s part of the reason why Erie Insurance insures the majority of our clients.
Pricing is important but what makes them different?
Everyone wants a fair price but some of the insurance industries marketing has driven the market to become price obsessed where the only thing some people look at is the price. Insurance is unique in the fact that is a product you pay for that you don’t ever want to use. A lot of people buy their insurance and forget about it. It is only when they need it that they wish they had looking into the company itself more than the pricing. Check out the link below that takes you to J.D. Powers’s website. They rank all the different insurance companies based on a number of factors including price, customer service, claims handling and policy offerings. Where does your insurance provider stand on this list? You will notice that Erie Auto Insurance, Erie Renters Insurance, Erie Commercial Insurance and Erie Home Insurance all rank among the best in the industry in all of those categories. In fact, Erie Insurance recently received the top honors for Erie Auto Insurance, Erie Renters Insurance and Erie Commercial Insurance. Almost a clean sweep for being ranked the best. Erie is ranked the best because of how they do business. A customer can go online to get a preliminary quote online but ultimately they have to purchase through a local agent. The reason they do this is that they know that your insurance is worth a conversation. The legal contract you make with your insurance company is worth having a local, knowledgeable, licensed Independent Insurance Agent talk to you about. They know the market you’re in and can advise you on how to design the best policy to fit your insurance needs and budget. This leads to less customers having issues down the road. Also, by market through local independent insurance agents they can save money on advertising and instead spend that money on making the service experience better. No one wants to file an Erie Insurance claim but accidents happen. When an Erie Insurance claim does happen is responsive, decisive and friendly. They have your claim resolved quickly and easily with your agent guiding you through the process. It is what keeps their clients with them year after year.
Here’s a link to J.D. Power’s website where you can do excellent research about insurance companies like yours and Erie: http://www.jdpower.com/ratings/study/Insurance-Shopping-Study/1068ENG
The next time you are considering shopping for insurance get an Erie Insurance quote, especially if you are a good driver. They are among the best insurance providers in the industry not only because they are competitively priced, but because they are among the best for handling claims. Additionally, you just cannot overlook the human and personal touch every step of the way. When it comes to insurance it is great to have a person behind it you can count on. Give us a call anytime to discuss your insurance needs and get an Erie Insurance quote. Also, you can click the link below to start an Erie Insurance quote online that will come directly to Bridge First Insurance. We can have a conversation about your protection and needs and help give you the peace of mind that if anything does happen whether it’s your Erie Auto Insurance, Erie Renters Insurance, Erie Home Insurance, Erie Commercial Insurance or Erie Life Insurance we will be Above all in Service. So in short, yes, you should switch to Erie for Auto Insurance and all your insurance needs.
Here’s a link to Bridge First Insurance’s Erie online quoting system. You can use to stat a quote but don’t hesitate to call us instead!
Speak with a Bridge First Insurance Agent today! (571) 249-3857
Previously on the Blog:
Jack has achieved success in the insurance industry through a consultative and honest approach to clients. He designed this approach around educating clients on important coverage and allowing them to decide what policy would best fit their insurance needs. In 2013, Jack and co-founder Dave Zappacosta, established Bridge First Insurance, as an independent insurance agency operating in Virginia, DC, and Maryland.