Posts Tagged ‘Erie Insurance’

As Gas Prices Go Up, State Farm Car Insurance Quotes Go Down

Monday, March 14th, 2011

You may not see the correlation at first, but it seems as though car insurance rates decrease as the price of gas just keeps going up.  The reason is plain and simple.  When gas prices skyrocket like they are right now, people drive less.  The less people drive overall, the less companies charge you for car insurance because accident and injury rates also decline.  State Farm car insurance quotes and those from other companies are likely to go down as gas in many places climbs over $4/gallon.

An article from Insurance.com wrote about a similar trend when we last saw hefty price increases for gas in 2008.  “Rising Gas Prices May Lower Car Insurance Rates” goes into more detail with the reasons why it might be easier to get cheap car insurance when the price of gas is high.  People are searching for alternatives to driving so much, including taking public transportation, carpooling, and purchasing hybrid cars.  All of these things account for fewer miles being driven by cars overall which makes car insurance rates go down.

If you are driving fewer miles than you used to, let your car insurance company know or shop around for quotes from other car insurance companies.  Driving less means that there is less potential for accidents and less money that companies could have to pay out for injuries and car damage.  Shopping online offers you the benefit of comparing quotes from many different car insurance companies, such as Erie Insurance.  If you think you could lower your car insurance rates because you drive less overall, get some car insurance premium quotes.

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Cheap Car Insurance

Monday, September 6th, 2010

There are four great ways to obtain cheap car insurance, according to Bankrate’s article “4 shortest routes to cheap car insurance.”  The best step before purchasing car insurance or even after is to shop around.  You can use online tools to get quotes or call around to different companies.  Always ask the companies a lot of questions, including what discounts may be available.  Sometimes Erie insurance and other smaller companies can get you better rates than the big guys.

Changing to a higher deductible is another way to lower your car insurance rates.  You can decrease your monthly payments by 1/4 simply by increasing your deductible by a few hundred dollars.  It’s important to have enough money to cover your increased deductible available in case you need to make a claim, so be sure to save it in your bank account.  Another important step to take when trying to lower your car insurance is to take advantage of any discounts that apply to you.  Some companies offer discounts for driving fewer miles, having an alarm system, good driving records, and even for taking additional driver’s training classes.

By adding other insurance coverage on with your car insurance, you might be able to make your monthly payments for each cheaper.  Companies often give better pricing to customers who insure both their home and auto together.  It might save you money to insure more than one car with the same company if you have a family member needing insurance as well.  Shop around and ask insurers about any possible discounts they offer to get cheap car insurance for your vehicle.

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Erie Insurance: Least Expensive Car Insurance by State…and the Most

Monday, April 19th, 2010

In The New York Times article “Where Auto Insurance is Most Expensive,” Jennifer Saranow Schultz highlights the highs and lows of auto insurance.  The most expensive premiums are in Louisiana, where the average person pays $2,510.87 per year.  Compare car insurance in the rest of the top five states and some aren’t nearly as high as Louisiana.  Michigan is the second highest at $2,098.29, followed by Oklahoma at $1,869.39, Montana at $1,857.96, and California at $1,774.41.  One of the largest factors in determining these rates seems to be state laws.  The state government is affecting how much you pay for your insurance, sometimes even more than your driving record does.

Cheap car insurance can be found in Maine, where the average premium studied was $902.85.  Only two other states stayed under $1,000, with Vermont as the second lowest at $968.58 and Ohio as the third lowest with a premium average of $999.86.  Rounding out the top five cheapest car insurance states were Wisconsin at $1,010.93 and New Hampshire at $1,011.23.  The article also explained that population levels may have a large factor in what companies like Erie Insurance charge consumers for their car insurance.  The more rural states may just have fewer crashes because the highways are not as crowded as the more urban states.  You’ll have to see if your premium matches up with your state’s average according to this recent study.

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Erie Insurance Works with Red Cross for Haiti Relief

Wednesday, February 24th, 2010

Erie Insurance Group has been providing insurance services in Pennsylvania since 1925.  They work in many eastern states offering personal auto, life, & property insurance as well as commercial coverage, annuities, and reinsurance.  Since 2000, Erie Insurance has had a partnership with the Erie chapter of the American Red Cross.  The “Serving Together” program has provided relief efforts and services to tsunami victims in southern Asia and eastern Africa, 9/11 charities, and Hurricane Katrina victims in recent years.  Erie Insurance and the Red Cross are partnering again to provide International relief to Haiti in the wake of their devastating earthquake.

The president and CEO of Erie Insurance, Terry Cavanaugh, said that their response to the Haiti disaster came directly from employees searching for a way in which they could help Haitians.  Erie decided to match their employees’ and agents’ donations up to $100,000, in addition to making a corporate donation to the Haiti Relief Fund.  When you compare car insurance companies with Erie Insurance, one can only hope that they offer as much to the community as Erie does.  As one of the top 20 auto and property/casualty insurers in the United States, Erie Insurance has a good balance of business practices with corporate responsibility to the communities they serve and beyond.

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