5 Best Cheap Car Insurance in New York For 2024

4. Erie Indemnity Company (NASDAQ:ERIE)

Monthly cost: $140

Erie Indemnity Company (NASDAQ:ERIE) stands out with some of the most competitive rates available for auto and home insurance, coupled with widely acclaimed customer service. However, one notable drawback is the company’s limited online tools for policy management.

Erie’s auto and home insurance rates are impressively affordable, being up to 35% cheaper than average. The company exclusively operates through a network of independent agents, meaning customers primarily engage with Erie through these agents.

A noteworthy feature of Erie’s auto insurance is its “Rate Lock” offering, providing added stability for policyholders. Erie’s rates for both minimum coverage and full coverage are significantly below average, being 43% and 38% cheaper, respectively. These cost-effective options, combined with positive customer service feedback, make Erie Indemnity Company (NASDAQ:ERIE) an attractive choice for insurance needs.