How much does Erie cost?
There’s a laundry list of factors that go into calculating your homeowners insurance premiums. Insurance companies consider your financial information (credit score and insurance claims history), the home’s location (climate, geography, property crime frequency, distance from a fire station), the home’s characteristics (its age and rebuild cost), and policy characteristics (coverage amounts, type of coverages, and policy deductible amount).
The amount you pay for Erie homeowners insurance will vary based on the above factors, but you should expect a good deal on coverage. Erie scored a perfect 5 out of 5 price rating in J.D. Power’s 2019 U.S. Home Insurance Study, indicating that survey respondents feel the price of Erie policies is an excellent deal for the level of coverage you’re getting.
ErieSecure Home® Policy
Erie features a base policy, ErieSecure, that includes all of your standard homeowners insurance coverages, plus a number of comprehensive policy components that distinguishes them from the competition, including:
- Guaranteed replacement cost coverage (that means your home will be covered in full if it’s damaged or destroyed)
- Expanded theft protection that covers instances of “mysterious disappearance” if you misplace something
- Pets are covered up to $500
- Cash and precious metals covered up to $500
- Coverage for harder to replace items like passports, deeds, bills, etc
Erie also offers a number of endorsements that you can add onto your policy for an additional premium. From what we gathered, you can add these endorsements one by one or by selecting endorsement “bundles” of which there are three types: