What is the rating for Erie Insurance?


Quick Answer

Erie Insurance has an A+ rating from the global credit rating agency A.M. Best, according to US Insurance Agents, an industry-wide reviewer of insurance providers. Erie also claims to be listed among the Top 50 life insurance companies by the Ward Group, as noted on Erie’s company profile website.

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Full Answer

Erie Insurance was founded in 1925 and serves over 4 million customers in 12 states and the District of Columbia, according to the company’s website. Erie provides a large variety of insurance products, including life insurance ranging from term to universal, auto insurance ranging from limited liability to full coverage, homeowners’ insurance, property and marine vehicle insurance, and business liability insurance, including coverage for workers’ compensation claims. The company also offers such retirement benefits as 401(k), CD-type annuities, traditional IRAs and Roth IRAs.

In April 2015, Erie Insurance received Federal Aviation Administration approval to employ drone aircraft in its claim investigations, according to PR Newswire. The purpose of these drones would be to preliminarily examine damage in areas that could be hazardous to human claims adjusters, such as a roof after a fire or a natural disaster area.

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