There are different types of auto insurance coverages. We think it’s important that you know what some of the more common ones are.

Collision  Collision insurance covers your vehicle if you have an accident, regardless of what you hit, whether it’s an accident, you hit a tree, a guardrail, a curb or whatever.

Comprehensive – Comprehensive coverage has you covered if something else damages your vehicle. This is what would cover theft, a rock from another vehicle, a deer, etc.

Property damage – When you have an accident this covers what you damage, that belongs to someone else. This is what pays the other party for whatever damage you caused.

Bodily Injury LIability – This covers your financial interest if you injure another human in an accident. This will pay their medical bills and other expenses. Medical care is very expensive and it’s a very big risk to not carry enough liability amounts. Willard Insurance can help you determine how much you may need.

Un/Under- insured liability – This will pay you in the event you’re injured by someone else that was unidentified or didn’t have enough insurance on their policy. It’s very important to have this because you have NO control over how much insurance people driving around you have.

There are a lot of things that can determine your insurance rates also. Some of the things that help insurance companies determine your rate are

Your age – Drivers under 25 and over 65 typically have higher rates due to statistics. Those 2 age demographics have the most risk for financial loss due to accidents.

Your credit score – Insurance companies have used your credit score for many years to determine the insurance rate. The better your credit score, the lower your rate will be.

The type of car you have – The engine size, safety features, type of car, etc. all factor into the rate you get.

Your driving history – This should be an obvious one, but your driving history plays a major factor in your insurance rate. If you have a bad driving history or multiple violations or wrecks, chances are you won’t get a great rate until they are at least 3 years old.

Your household – Insurance companies underwrite at a househole level. They try to judge the entire household to determine what their loss could be. If there are multiple under 25 drivers, it impacts everyones rate in the household.

Deductibles

Choosing higher deductibles for collision and comprehensive coverage is an easy and cost-effective way to lower your auto insurance bill. In many cases, the premium savings realized by switching to a higher deductible may be enough to offset the cost difference of an increased deductible in just a few years.

Discounts

Multi-policy:

By insuring your auto and home with us, you will receive a discount on your auto premium as well as your homeowners insurance premium.

Multi-car:

If you insure two or more cars with Erie Insurance and they are owned and used by the individual and/or relatives living in the same house, you receive a discount.

Safe driver:

New policyholders who are claims and violation-free may be eligible for an additional discount.

Pay plan:

By paying your premium in full by your effective date or within 60 days, you will receive a discount.

PERC:

Long-term, claims-free drivers receive additional discounts