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Erie Insurance - Life Insurance

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Last Updated February 1, 2022

Ratings

Insurify

Composite Score
Not Rated
What is this?
Term Life Insurance
Details
Length Options:5, 10, 15, 20, 30 Years
Subtypes:Guaranteed
Min Death Benefit:$90,000
Max Death Benefit:--
Whole Life Insurance
Details
Premium Options:Level Premiums
Universal Life Insurance
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Premium Options:Flexible Premiums

Company History

Erie Insurance Group was founded in 1925 in Erie, Pennsylvania and provides auto, home, life, and business insurance. 

Erie currently operates in 12 U.S. states (Illinois, Indiana, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin), plus the District of Columbia.

A Fortune 500 company, Erie Insurance has over 5.8 million policies in force at this writing and works with over 12,400 independent insurance agents. Erie regularly excels in customer satisfaction ratings, according to annual studies conducted by J.D. Power and Associates.

A.M. Best, a global credit rating agency, gives Erie a financial strength rating of A+, indicating a superior ability to pay out policyholders' claims. 

Contact Information

Headquarters address: 100 Erie Insurance Place, Erie, PA 16530

Phone number: 1 (814) 870-2000

Methodology

The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews. 

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.