Average car insurance cost in Erie, PA

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Based on an analysis by Insure.com, the typical car insurance expense in Erie, Pennsylvania is $1,895 annually. Furthermore, car insurance premiums in Erie are $23 more than compared to the state average in Pennsylvania and equals to the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Erie, the average car insurance rates by age and gender, and the costs in Erie based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Erie. Keep reading to learn more.

Cheap car insurance companies in Erie

At an average of $969 per year with full coverage limits of 100/300/100, Travelers provides the most affordable car insurance in Erie.

Ranked as the second most affordable company in Erie, Nationwide provides car insurance at $1,144 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Erie that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Erie, Pennsylvania:

Read about the best car insurance companies.

Average car insurance cost in Erie by coverage limits

In Erie, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $433 per year (limits are 25/50/25)
• Liability only coverage: $576 per year (limits are 50/100/50)
• Full coverage: $1,895 per year (limits are 100/300/100)
• Non-owners coverage: $291 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Erie

The average car insurance rate for a female driver in Erie, Pennsylvania, is $1,895 per year.

While the rate for a male driver is $1,895 per year, which is equals to what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Erie

In Erie, car insurance rates are highest for teens, averaging $5,856 per year or $488 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $3,202 annually for their car insurance, which is $2,654 less than what teens pay for their coverage.

In Erie, adult drivers pay an average of $1,924 per year for car insurance, while senior drivers pay $1,919 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Erie

Examining the trends in car insurance rates in Erie, Pennsylvania, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 32% or $459.

The table below illustrates the trend over the three years:

Conclusion

Car insurance rates in Erie are higher than the average rates in Pennsylvania. Drivers in Erie can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.