We all love a good deal.
Buy one, get one free. Cashing in on coupons. Happy hour prices. You name it, there’s nothing quite like getting something you want or need at a discounted price.
The same concept applies when it comes to paying for auto insurance.
Of course, it’s a stretch to think you’re going to buy one policy and get another one free. But smart insurance shoppers can get good breaks on their premiums.
ERIE Insurance offers a host of discounts on auto insurance, while at the same time providing valuable coverage and service in the event of an accident.
The key is to get the best value for your money based on the coverage you and your family need. It’s important to contact an ERIE agent to make sure you take advantage of policy endorsements and discounts that would apply. That’s especially true when considering life changes or changes in driving habits. For instance, are you driving less? Or are you adding more drivers to the policy?
Here’s a potential endorsement to your auto policy that can lead to saving money over time:
How often do you get a bill and see that the price has gone up? With the ERIE Rate Lock® endorsement, your rates only will change if you add or remove a vehicle or a driver, or change the address where you keep your car parked routinely. This policy endorsement freezes your auto premium year after year, even if you file a claim.
*Note that ERIE Rate Lock doesn’t guarantee continued coverage. It’s limited to three years in Virginia and isn’t available in all states. Also, the premium may change if the policy is changed.
Here are some of the discounts that might apply to you or others in your family:
More equals less. How so? If you insure multiple cars or have multiple polices with ERIE (life insurance or home policy plus auto insurance), discounts could apply. ERIE offers multi-policy discounts from 16% to 25%, depending on your state where you insure your auto and home with us.1 Life insurance policies (not available in New York) cannot be combined with auto policies taking advantage of the ERIE Rate Lock endorsement to get a multi-policy discount.
Everybody deserves a second chance, right? Well, ERIE offers First Accident Forgiveness, meaning you won’t be surcharged the first time you’re at fault in an accident after you’ve been an ERIE customer for three or more years. (The three-year wait doesn’t apply in all states.)
You haven’t filed any claims and have the record to prove it? Check into ERIE’s Diminishing Deductible option, available in the ERIE Auto Plus Endorsement. For each consecutive policy year in which you don’t file a claim, your deductible will be reduced by $100 (up to a maximum amount of $500). Eligibility varies by state, so make sure you qualify by checking with your agent.
Maybe you want to keep your car out of the bad winter weather, or maybe you’re flying to a warmer destination for a while. Whatever the reason, if you plan to store your vehicle for 90 consecutive days or more, ERIE offers a reduced usage discount in most states. (Not available in Kentucky.)
“Safety first” is a smart mantra. So it stands to reason that the safety features in your vehicle will pay off in the form of discounts. Factory-installed airbags, anti-theft devices and anti-lock brakes are some of the safety features that will pay off for you in more ways than one. (Discount not available in Kentucky.)
Paying for your auto insurance in installments can be convenient and helpful for the budget-conscious. But you get a discount if you pay for your annual premium — another word for the price of insurance — in one lump sum, up front. Plus, you don’t have to worry about another bill for one full year.
It’s not unusual to gulp a bit when that teenager takes the wheel. And then there’s the cost of adding another driver to the policy. But ERIE offers several discounts, from 5 percent to 20 percent, which could apply to your family if you have new drivers. They include the Youthful Driver Discount, for unmarried drivers under 21 who live with their parents; the Youthful Longevity Discount, for unmarried young drivers who may get a credit for consecutive years spent insured under another ERIE auto policy (usually a parent’s or guardian’s policy); and the Driving Training Discount, for young drivers under age 21 who have completed an accredited driver training course.
Also, insurance costs will gradually decrease with each successive year that a young driver gains experience without any traffic violations or accidents. At age 24, with the next policy renewal, their rates will lower from a young driver to an adult. (In North Carolina, driving experience factors gradually decrease until the driver gains eight years of experience.)
College is expensive enough, so look into our college student discount. If your son or daughter is living away from home while attending school and doesn’t have access to a car, let us know. You could get a discount for the time they aren’t driving.
Discounts are great, but you also get a lot of extras with Erie Insurance. The next time you check out your auto policy, look for all the “X’s” in the margins. These are all the “Xtra Protection Features” that are automatically included with your ERIE auto policy. Here are some of the extras:
If you have questions about discounts or ERIE “Extra Protection Features,” talk to your Agent.
After all, we all love a good deal. And just think, you don’t even have to clip a coupon to get it.
1Savings percentages are over individually purchased policies when combined with life and/or personal catastrophe liability policies. Discounts subject to eligibility criteria and rates and rules in effect at the time of purchase. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer for more information.