Our verdict: ERIE is not available in all states, but if you have access to its policies, you’ll enjoy excellent protection and impeccable customer service.
Since 1925, ERIE home insurance has been providing policies and customer service at a great price. The company guarantees transparency in all aspects of its policies, detailed explanations and provides 24/7 support.
You can customize your home insurance policies by selecting add-ons, and over 13,000 agents are ready to help you with the process. This review will discuss everything ERIE has to offer.
ERIE Home Insurance Pros and Cons
ERIE the 12th largest insurer in the US, but there are still some drawbacks to its offers and services. Here is our list of the company’s strengths and weaknesses.
Pros
- The lowest rates in the industry
- Replacement cost coverage in home insurance policies
- Great customer support
- Coverage for valuables
- Pet coverage
- Available add-ons
Cons
- Present in only 12 states
- A limited choice of discounts
ERIE Home Insurance Coverage Product Overview
ERIE is a popular company present in only 12 states. Its home insurance is standard but can be adapted to your needs with the help of add-ons. Some of the unique perks are the Guaranteed Replacement Cost and animal, theft, and loss coverage.
The list of additional coverage includes water backup and sump overflow, identity recovery, personal liability, and more.
ERIE Home Insurance Features
Let’s take a look at the available ERIE insurance policies and what they include.
Homeowners
With ERIE, you’ll receive full transparency of the policy’s conditions, 24/7 customer support, flexibility with the features, covered living expenses, and additional liability protection when you’re away from home.
The policy provides a Guaranteed Replacement Cost if you ever need to rebuild your property. It applies to improvements of over $5,000, reported within 90 days, but it’s not available everywhere.
ERIE Homeowners insurance comes with personal property, theft, and valuables coverage. It also has some unique features:
- Gift cards for local business purchase
- Animals coverage of up to $500
- Cash and precious metals reimbursement of up to $500
- Hard-to-replace items clause
It also has the following add-ons available:
- Water backup and sump overflow
- Personal liability
- Identity recovery
- Service line protection
Condo
Similar to the standard package, ERIE insurance homeowners policy for condos has some added perks, such as:
- Replacing your property
- Interior additions and alterations
- Temporary repairs costs
- Emergency first aid for people and pets
- Additional living expenses
- Debris removal cost
Mobile Home
There is an option available for mobile properties as well. It covers your personal belongings and further:
- Temporary safety repairs costs
- Keys and locks replacement after a theft
- Emergency aid to people and animals
- Additional living expenses
- Debris removal cost
- Liability for harm to other people or property
- Medical expenses of anyone injured in your home
Personal Valuables
That ERIE home insurance policy covers some of your most valuable personal items, such as e-bikes, artwork, jewelry, cameras, coin or stamp collection, and others.
Flood
ERIE offers a policy that covers flood damage and any accident-related personal and property expenses. It’s available for mobile and traditional houses, apartments, condos, and offices via American Bankers Insurance Company, and it includes:
- The home and foundation
- Electrical and plumbing systems
- AC equipment
- Furnaces, heaters, washers, dryers, refrigerators, stoves
- Personal belongings
Keep in mind that there’s a 30-day waiting period for the ERIE flood insurance policy to become effective.
Insurance App
ERIE’s mobile app is available for iOS and Android. It allows you to review and manage your policies, information, and documents, and you can sign up for paperless billing.
Other helpful features include following your claim status and reaching out to a local ERIE agent. You can access the app via secure login, using biometric features.
Based on the latest reviews, the ERIE insurance app works well, and users are generally satisfied, but there is room for improvement.
Financial Strength
The reviews of ERIE’s financial strength rank it highly among competitors. A.M. Best rated ERIE Insurance Group with an A+ (Superior) and ERIE Family Life Insurance Company with an A (Excellent).
ERIE is 347th on the list of Fortune 500 companies. Confirmit also awarded it the Achievement in Customer Excellence prize for its claims service.
ERIE currently has about six million active auto, home, and business insurance policies. Based on these reviews and ratings, it is a financially strong company and a good choice for insurance of any type.
ERIE Insurance Customer Service
The company offers several ways to reach out to customer support. The Service page on the official website is an excellent place to start looking for information, and the Support Center can answer most questions.
In the “Contact Us” section, you can find the ERIE customer support phone number for any additional inquiries.
Even though J.D. Power ranks ERIE well, the latest customer reviews are mixed. Still, most of the complaints were related to its auto insurance services.
- NerdWallet — 4.5
- WalletHub — 3.6
- ValuePenguin — 90%
- Clearsurance — 4.3
ERIE Home Insurance Cost
With ERIE, the deductible is an essential consideration when calculating your rate. A high deductible means a more affordable policy. But saving money by getting a lower limit might cost you a lot in case of an accident.
Home improvements, value, previous claims, location, and other factors also influence your final fee. Installing security systems, smoke alarms, and similar devices will additionally secure your home and lower your ERIE home insurance quote.
A home insurance policy with ERIE costs approximately $900 annually for the $250,000 coverage — significantly less than the national average. It also offers some good discounts to reduce the premiums further.
Discounts
Here you can see some of the discounts ERIE offers when purchasing property insurance.
Multi-policy
You can bundle your auto and home insurance policies and save around 20%. This one of ERIE home insurance discounts varies between 16% and 25% in different states.
Alarm Systems Discount
Additional security measures, such as smoke and burglary alarms and sprinklers in your home, make you eligible for a discount.
Advanced Quote
Getting a home insurance quote a week to 60 days before your policy renewal might grant you this deal. So make sure to contact a representative to see what deals you can get.
Erie Home Insurance Quote Comparison
The home insurance quote will differ with each insurance company. Let’s see how ERIE compares to other popular insurers on the market.
ERIE vs. Amica
We already mentioned that the home insurance ERIE offers costs about $900 annually. Still, ERIE has many discounts to help you save money.
Amica’s monthly premiums for property policies depend on the location. Usually, they’re lower than the national average and range from $1130 to $1930 annually. It also has a dividend program you can select when purchasing your policy.
ERIE and Amica home insurance quotes comparison show both companies offer affordable policies. Amica has more discounts, but ERIE might be cheaper overall.
ERIE vs. Allstate
Allstate will give you a personalized quote, but its prices will likely be higher than the national average. As always, the cost of your policy will depend on the type and add-ons, value and age of your home, location, and other factors.
The average annual premium of Allstate property policies is $1,730 — way more than the average ERIE homeowners insurance quotes. Allstate, on the other hand, offers more discounts, so you might end up saving a lot with it.
Overall Competition Comparison
Let’s see how ERIE fares in terms of customer service compared to other providers.
ERIE Insurance vs. Nationwide
Nationwide is a Fortune 100 company. It processed over $1 billion in COVID-19 retirement plans and paid about $16 billion in claims. A.M. Best and S&P rated the company with A+, and Moody gave it an A1 score. When compared to ERIE’s home insurance rating, we can conclude that both are financially strong.
Nationwide has fewer-than-average complaint rates to state regulators, and offers policies in more states than ERIE.
Still, if ERIE is available where you live, we recommend it due to its excellent customer support, transparency, and experience.
ERIE Insurance vs. USAA
There are a couple of significant differences between USAA and ERIE. USAA offers its policies explicitly to military employees, veterans, and their families, and it’s also a banking and investment-oriented institution.
ERIE is focused solely on providing insurance policies and is open to all customers, regardless of their workplace. Still, ERIE homeowners insurance is not available in all states.
Financial ratings for USAA are very high — A.M. Best gave it an A++, and Fortune 500 placed it among the top 200 companies.
USAA’s customer service reviews are also very positive, although some policyholders didn’t have a good experience with its agents. If you are a current or retired military member, USAA is an excellent choice. Otherwise, ERIE is a good alternative.
ERIE Insurance vs. State Farm
State Farm is known for being an active part of the community and helping people recover from adverse events. In addition, it has paid out about $600 million in dividends to policyholders.
In its 2020 Home Insurance Study for overall customer satisfaction rating, J.D. Power ranked it seventh nationwide, with 829/1,000 points. S&P gave it an A rating and A.M. Best an A++ for financial stability. State Farm is in an excellent financial position, just like ERIE.
State Farm also provides coverage across the US, and its policies are available to more customers than ERIE’s. ERIE homeowners insurance reviews show that its representatives are doing their job slightly better than State Farm’s.
Expert Thoughts
ERIE’s main disadvantages are its limited availability across the country and the low number of discounts. However, it offers excellent coverage and quality customer service.
If ERIE provides services in in your state, know that it can provide you with all you need in a policy. It offers various plans, transparent processes, and you can add some non-standard features, such as animal coverage and Guaranteed Replacement Cost.
You can further customize your home insurance to include everything you need. ERIE has about 13,000 agents in local offices, ready to help you select the best policy for you.
People Also Ask
ERIE sells comprehensive policies and provides excellent customer support. It offers a selection of add-ons to customize your policy to increase coverage and secure your belongings.
Its financial ratings are positive — A+ (Superior) from A.M. Best and is featured on the Fortune 500 list, among other awards and recognitions. People with home insurance policies are satisfied with ERIE’s services, but some clients had a disappointing customer experience.
The cost of your insurance is related to your location, previous claims, home value, and the policy you select. The deductible also plays a key role — if you choose a higher deductible, you’ll get a cheaper premium.
ERIE offers only a few discounts when you purchase home insurance. Even so, it is among the most affordable providers with annual premiums of about $900. If you install security systems, you’ll likely manage to lower your fee.
USAA received the highest ratings for financial stability from A.M. Best, Moody’s, and S&P and is on the Fortune 500 list. It also offers additional services like banking and investment. But USAA works only with military employees.
On the other hand, ERIE offers only insurance services, and it doesn’t cover all states. So unless you are a member of the military, you’ll make a good choice with ERIE. It has high financial strength ratings, and some policies are more affordable than USAA’s.
Allstate and ERIE are two separate companies that handle insurance policies. Allstate is the nation’s second-largest insurer.
Both companies offer a range of insurance policies, excellent customer support, and have excellent ratings for their financial strength. You can’t go wrong with any of these insurers.
However, Allstate is available in all states, while ERIE offers services in only 12 states, and this can affect your decision.
ERIE provides one of the most comprehensive coverages on the market. With its home insurance policy, you’ll get a Guaranteed Replacement Cost, which is helpful if you ever need to rebuild.
The policy also comes with personal property, theft, and valuables coverage. You can also customize your policy and include protection from water and sump overflow, service lines, and more.
Depending on your state, ERIE’s standard home insurance policy might cover damages caused by mold, fungi, dry rot, and similar for up to $10,000. Water damage caused by poor maintenance won’t be covered.
ERIE home insurance coverage provides a Guaranteed Replacement Cost. This coverage will serve you in case you need to rebuild your home completely. That is one of the most beneficial parts of ERIE’s policies.
ERIE’s services are available in only 12 states — Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania. Tennessee, Virginia, Washington DC, West Virginia, and Wisconsin — plus the District of Columbia.
So, if you live in one of them, you will be able to enjoy its multiple policies and discounts. You can further customize your plan to enjoy ERIE home insurance that applies precisely to your needs.
