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Erie Life Insurance

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Erie Insurance began in 1925 and is headquartered in Erie, Pennsylvania. The company is a Property and Casualty Company made of independent agents that sell insurance products in eleven states and the District of Colombia. Those states are: Illinois, Indiana, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin.

When they started business, Erie Insurance was selling auto insurance which had a yearly premium of $34. The company began offering fire insurance in 1940 and life insurance in 1967.

The Erie, Pennsylvania area remains the company’s largest territory with 427 agents/offices located in that area alone. There are 28 offices in the Washington, D.C. area, 20 in the Greater Pittsburgh area and 19 in Indianapolis, Indiana. The company now offers home, renters and boat insurance in addition to insurance products for both small and large businesses.

Erie Insurance now has over 4 million policies in effect and is the 16th largest automobile insurance company in the United States and the second largest in the state of Pennsylvania. The company is the 18th largest property and casualty company in the United States. Fortune Magazine ranks Erie Insurance as the 488th largest United States Corporation by revenue and the 121st largest life insurance company by assets.

The company has over 4,000 employees with district sales managers making up the largest percentage of these employees (7%). Erie Insurance has placed in Ward’s Top 50 Performing Insurance companies.

The Erie Insurance company motto reads in part: “Know what is right and doing something about it”, a slogan and belief system that has kept them in business and doing well for over 80 years in the insurance business. For auto, home or life insurance, Erie Insurance is providing their millions of satisfied customers with good coverage at fair prices.

 
 

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